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» Allstocks.com's Bulletin Board » Micro Penny Stocks, Penny Stocks $0.10 & Under » PLNI 2006 FINANCIALS OUT! (Page 20)

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Author Topic: PLNI 2006 FINANCIALS OUT!
glassman
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quote:
Originally posted by will:
Sorry to have to correct you, glass, but instead of 3,727,740,100, these folks are now staring down the gun barrel at 5,000,000,000 isued and outstanding.

Oh, almost forgot those 1,000,000 shares of preferred stock, of which noone knows the deatil of.

no problem will...

you know i only believe SEC filings...

i listen to everybody else and then i read the filings....
[Smile]

the 10KSB was filed on 9-8-06 but it covers ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the years ended December 31, 2004 and December 31, 2005

http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001331186%2D06%2D00010 5%2Etxt&FilePath=%5C2006%5C09%5C08%5C&CoName=PLASTICON+INTERNATIONAL%2C+INC%2E&F ormType=10KSB&RcvdDate=9%2F8%2F2006&pdf=

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Don't envy the happiness of those who live in a fool's paradise.

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glassman
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quote:
Originally posted by will:
Is this stock shorted? Is it on the SHO list? Can people claiming NSS prove these accusations. If so, where is the proof. It isn't about the top 10 accusations some ficticious group might have made. Show proof of NSS. Actually hardcore proof from trusted sources such as the SEC. Even if a stock is shorted, demand to see proof to what extent, seems to be claims of 800-900M NSS. If this is true, I am sure there is proof with a trustworthy, reliable source, (SEC).

i do have to question some of this tho Will...

i have spent a year and half studying share structures...
i don't pretend to be the expert you are on these pinks with huge floats tho...

what i can tell you for sure is that NSing is borker reported...

the SEC isn't the "police"... the brokers are..
if the brokers are doing it? then they are on their honor... honor? haha...
the problem is? it takes a STRONG company to break a short... naked or legal....

of course? it IS illegal for anybody but a MM making liquidity in his market to naked short... heh... right...

--------------------
Don't envy the happiness of those who live in a fool's paradise.

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Relentless.
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Hmmmn.. I'm thinking that even if PLNI is short by 800 million or even a billion shares.. so what?
This is not the reason for the stock's seemingly perpetual decline.
Yes that many shares would make a difference but certainly it is obvious that this company has severe problems.
They have accounting problems that most 13 year olds would make fun of.
Products that are not proven.. beleive me.. I do concrete every day.. plastic rebar is a bit iffy if you ask me..
Insert holders.. sure we use a bunch of them.. but not enough to go crazy over the company who makes them.
Back to the shorting issue..
I have yet to see one company claim naked shorting and have it come out as anything other than the company itself issuing unregistered shares..
It's a convienient gimmic that first got USXP busted a few years ago.
Same old BS scams.

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glassman
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relentless, have you seen this yet?

http://otcbb.com/asp/OTCE_Short_Interest.asp

NASD Rule 3360 has been expanded to require NASD member firms to report their short positions on all over-the-counter ("OTC") equity securities to NASD Regulation, on a monthly basis. Once the short position reports are received, the short interest is then compiled for each OTC security.

Firms are required to report their short positions as of settlement on the 15th of each month, or the preceding business day if the 15th is not a business day. The reports must be filed by the second business day after the reporting settlement date. The short interest data is compiled and provided for publication on the 8th business day after the reporting settlement date.

Pricing and publication restrictions are under consideration.


contrary to popular belief? pennies are "shortable"

and remember? if a broker reported naked shorts too? then they would be admitting to breaking the MM liquidity rule....

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Don't envy the happiness of those who live in a fool's paradise.

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will
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glass, I do not fancy myself an expert of pinks wih huge floats. I don't think one has to be any smarter than a wart to see HUGE shortcomings, and patterns with these issues.

You have a diluting company that reports its dilution long after it is done. Shareholders would have known little or nothing if it weren't for pink sheets holding PLNI's pink feet to the fire making them update their information. Shareholders saw that O/S on the company profile page change three times in less than a year, from about 1B O/S to about 3B O/S. to current, almost 5B O/S. Shareholders refused to identify the mega volume as dilution, they were telling new investors it was accuumulation and / or a company share buy back. If anyone dare suggested that it was dilution they were ridiculed and shouted down. Then the December enlightment, where it was reported O/S rose by almost 2B, not a one of them said a thing about it. They ignored it, glanced over it, acted as if it didn't happen. Then when another almost 2B of dilution was reported they missed that also, like it didn't ocurr. I fought and argued with the faithful foolish on the CMKX thread for over a year. They made the same excuse ratioanal for their precious diluted pos stock. This company has serious problems, and only those that have expereince, and are willing to take a possible hit should be "playing" it. Yes, "playing" it, not owning it for the long term.

Someone accused me of calling this company a scam. I did use the word scam, but I tink they took that out of context. Scam is an awefully harsh word. True they are under SEC scrutiny and are being investigated, but that doesn't make them a scam. They are in violation of reporting quarterly financials, but they are making an effort to clean that up. That part I find different than CMKX and QBID. CMKX and QBID talked audit but never filed anything, one was resolved with revocation, the other terminated operations. Right now PLNI doesn't have a bottom. The PPS could recover some here, (I wouldn't expect more than a double from current PPS), or it could continue is drift down to .0001. One would have to sort out the recent increase in volume, is it real interest or dilution?

Here's how your volume has been growing :

9/6 : 80492398

52M average volume over the last 4 trading days.

5-Day avg vol 45065340
20-Day avg vol 30309844
50-Day avg vol 22419557
100-Day avg vol 23944158

9/7 : 110564602

5-Day Average Volume 61277516
20-Day Average volume 33964930
50-Day Average volume 23943604
100-Day Average volume 24225895

9/8 : 328725500

5-Day Average volume 128616016
20-Day Average volume 50608910
50-Day Average volume 30971619
100-Day Average volume 27747932

When I see numbers like that from a company with a PROVEN history of dilution it does not lead me to conclude accuumulation, a company buy back, not even NSS, or a bear raid by an evil cabal, it spells D I L U T I O N to me. It doesn't take an expert or genius to see that 5 Day Avg. volume spiking. In three days it went from, 45065340 to 128616016, an increase of almost three times. Now, given PLNI's history what would you suppose is going on? PLNI has room to increase the O/S to 6.2B, and it is my opinion they are in the process of doing that. The only entity that is attacking PLNI is PLNI itself, there isn't any mysterious dark evel plot, it s simply a victim of its own dilution.

There's claims of shorting, and a stock can be shorted, but I would think these faithful OVERSTATE, and EXAGGERATE it a million fold. If it is shorted to the extent of 800 / 900 M, prove those claims, it isn't incumbent upon me to prove that it isn't, the faithful are making the claim, prove it. If it is under attack from evil forces as in "bear raid" prove that claim, again, it isn't incumbent upon me to prove that it isn't, the faithful are making the claim. It is easy to spit out some complicated theory, but I have NEVER seen one of these claims proven. It is lip service to make peope with poor judgement and who are stuck in downward spiral feel better, and lure new investors in in anticipation of righting these so called wrongs.

If you are a new investor and reading this thread, please don't be fooled by these claims and the cheap share price here. Again, you must keep in mind even companies with serious shortcomings do have temporary gains, and if "played" properly can be profitable, but by all means, do NOT be lured into this by promises of the faithful that all will be made right, and PLNI will be your path to a wealthy retirement. That is nonsense at is purest simpleless form.

[ September 10, 2006, 09:26: Message edited by: will ]

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A million seconds is 13 days.
A billion seconds is 31 years.

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Spartans
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Read again please...Here's two intentional statements that are false...part of the overnight and todays barrage of posts by the same person...Wonder why that is? I won't go so far as to say lies...that's very harsh...

PLNI is not under SEC investigation...The SEC has asked to look into unknown issues...no one knows yet what those issues are...they could be very benificial to PLNI or not...more to come...

PLNI is not in voilation of quarterly reports ...it is a pink...quarterly reports are not required...when they do become fully reporting it allows them to move out of pinkies and become fully reporting...

Again I post the below...


posted September 09, 2006 07:55 PM
--------------------------------------------------------------------------------
The estimate of PLNI shares shorted is in the hundreds of millions...Some say it could be as high as 800-900 million shares...Remember...only shorted shares are counted and not the shares to cover the short...that's why this exact number is almost impossible to pin down..

At various times and on numerous message boards the group attacking PLNI said the following over the last 14+ months in an attempt to mislead as this stock was shorted and the PPS driven down...The top 10 accusations as posted by another investor......


1. PLNI made no products... it was a total scam shell company.

2. PLNI held no patents for concrete accessories.

3. PLNI had no contracts with BlueLinx.

4. The ProMold acquisition was false and never occurred.

5. The SEMCO acquisition was false and never occurred.

6. PLNI had no audit underway... there was no auditor.

7. PLNI would never return to Pinksheets quotes because it was a scam.

8. PLNI would never submit an audited financial statement.

9. PLNI would never uplist to the OTC BB.

10. PLNI's 200M share retirement and stock restructuring plan was a fraud.

Lets see the score....

1. PLNI made no products... it was a total scam shell company.
A PROVEN FALSE STATEMENT. Products have clearly been produced by third party manufacturers (TPM) for sale. Photographs of the products have been taken. Recent lawsuits verified the creation of products that didn't meet quality specifications due to the TPM using resins of a quality that was not authorized. Recent financials indicate ~$1.8M in revenue from sales in Q1 2006.
https://www.otcstockinfo.com/repository/671/671_FR8.pdf

2. PLNI held no patents for concrete accessories.
A PROVEN FALSE STATEMENT. Patent # 4942714 has a duration of 17 years, was issued July 24, 1990 and is assigned to Promotional Containers Inc. The assignment is currently valued at ~$12M. The PCI, inc patent was purchased by PLNI in January 2005 as stated on page 20 of the Form 15c-211 submission of Apr 24 2006. Patent # D500,243 has a duration of 14 years, was issued December 28, 2004 and is assigned by Jim Turek Sr, President and CEO of Plasticon International, Inc., to Jim Turek Jr, and Brandon Turek. The assignment protects the patent, currently valued at ~$4M, from being lost in any hostile takeover. It replaces patent D324,643 which was abandoned in 2006. An assignment, grant, or conveyance of any patent or application for patent can be acknowledged before any notary public or officer authorized to administer oaths or perform notarial acts. The certificate of such acknowledgment constitutes prima facie evidence of the execution of the assignment, grant, or conveyance.

http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=% 2Fne...
http://assignments.uspto.gov/assignments/q?db=pat&qt=pat&reel=&frame=&pat=494271 4&am...
http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=% 2Fne...
http://assignments.uspto.gov/assignments/q?db=pat&qt=pat&reel=&frame=&pat=D50024 3&am...

3. PLNI had no contracts with BlueLinx.
A PROVEN FALSE STATEMENT. BlueLinx has validated recent high volume sales of PLNI products to multiple posters on RB, Si, and iHub. Published financials confirm 2006 sales of ~$1.8M via the BlueLinx network during the first quarter of 2006. POC Eastern Sales Center: Mike Thornton 800-839-2588
https://www.otcstockinfo.com/repository/671/671_FR12.pdf

4. The ProMold acquisition was false and never occurred.
A PROVEN FALSE STATEMENT. The sale was identified on page 14 in the 2004 10-KSB audited financials. The company has submitted an 8-K of the sale to EDGAR. http://www.sec.gov/Archives/edgar/data/318262/000133118606000023/plni0410k.htm
http://www.sec.gov/Archives/edgar/data/318262/000133118606000085/plni8k080406.ht m


5. The SEMCO acquisition was false and never occurred.
A PROVEN FALSE STATEMENT. The sale was identified on page 15 in the 2004 10-KSB audited financials. The company IR Rep has said that an 8-K of the sale is pending submission to EDGAR. http://www.sec.gov/Archives/edgar/data/318262/000133118606000023/plni0410k.htm


6. PLNI had no audit underway... there was no auditor.
A PROVEN FALSE STATEMENT. Mendoza Berger and Co, LLP http://www.mendozaberger.com/ certified the recently submitted audited financials on Page F-1 of the 2003-04 10-KSB. The prestigious company Dean, Dorton, and Ford http://www.deandortonford.com/services_financial.html has assumed the financial accounting role for PLNI in anticipation of rapid growth.

7. PLNI would never return to Pinksheets quotes because it was a scam.
A PROVEN FALSE STATEMENT. Pinksheets has returned Level-II quotes after full compliance with stringent reporting criteria.
https://www.otcstockinfo.com/repository/671/671_FR18.pdf

8. PLNI would never submit an audited financial statement.
A PROVEN FALSE STATEMENT. Audited finacials were submitted for 2003-2004 on May 4th, and the 2005 10-KSB on 08 September 2006.
http://www.sec.gov/cgi-bin/browse-edgar?company=Plasticon&CIK=&filenum=&State=&S IC=&...
http://biz.yahoo.com/iw/060508/0127595.html


9. PLNI would never uplist to the OTC BB.
APPARENTLY ANOTHER FALSE STATEMENT. The submission of SOX compliant audits has cleared the way to allow PLNI to apply for uplisting in 2006. http://www.sec.gov/cgi-bin/browse-edgar?company=Plasticon&CIK=&filenum=&State=&S IC=&...

10. PLNI's 200M share retirement and stock restructuring plan was a fraud.
APPARENTLY ANOTHER FALSE STATEMENT. Pinksheets data posted on their website indicated that the O/S moved from 2.0B to 1.8B before increasing to 2.3B. The 200M share retirement took place and had it not the OS would be 200M shares greater than todays number. In a recent CFN Network interview the company stated again that the Share restructuring program should be announced in Sep 2006.
http://biz.yahoo.com/iw/060508/0127595.html


Given the above record .... It appears they intentionally mislead investors about a lot!

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will
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"PLNI is not under SEC investigation...The SEC has asked to look into unknown issues...no one knows yet what those issues are...they could be very benificial to PLNI or not...more to come..."

See attached link below :

See answer to number 11. under item viii

Clearly states the SEC has an informal inquiry against PLNI, that equals investigation.

"PLNI is not in voilation of quarterly reports ...it is a pink...quarterly reports are not required...when they do become fully reporting it allows them to move out of pinkies and become fully reporting..."

Again see answer number 11. under item viii.
In their financials it clearly states that the company has been notified by the SEC that they are in violation of section 13 of the EXCHANGE ACT by failing to files its quarterly and anual reports on a timely basis.

The SEC wouldn't notify a company that was in compliance.

This is PLNI's financial report in black and white. They freely admit both statements are FACT !

https://www.otcstockinfo.com/repository/671/671_FR18.pdf

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A million seconds is 13 days.
A billion seconds is 31 years.

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will
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Is one expected to believe that if the SEC has asked to look into certain unknown issues that this could a good thing? I prefer to take the shortest surest path to the thruth. They are not contacting them via an informal inquiry to use them as a poster child for model business, that's for sure.

--------------------
A million seconds is 13 days.
A billion seconds is 31 years.

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Relentless.
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Funny how posts disappear on this thread..
Can someone please tell me what was objectionable in my post which was just before Glass' picture?
The censorship on this thread is enough to bring a fraud case against this message board...
Bob you'd better have a look at your moderator's actions.

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IMAKEMONEY
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RD, Dont you think in things like sidewalks, house slabs, even retaining walls, this could be a good thing no rust, yes we have epoxy coated rebar but when installed they get scraped up then start to rust seen it awhole lot here on the coast.JMO

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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Relentless.
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Yeah epoxy coated rebar is a real pain in the azz.. we almost had to use it to rebuild the Hard Rock casino down here.. we're getting away with using a anti corrosive admixture which is easier to use and cheaper... cheaper by a good bit actually.
I'm sure that plastic could be used in some pours where strength is of no concern.. Like you say driveways or house slabs maybe.. depends on the cost..
But for prestress like what I do?.. there's no way.
I'm compressing my pieces at a little over three hundred thousand pounds.. plastic just ain't gonna get it.

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dollar13
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quote:
Originally posted by Relentless.:
Funny how posts disappear on this thread..
Can someone please tell me what was objectionable in my post which was just before Glass' picture?
The censorship on this thread is enough to bring a fraud case against this message board...
Bob you'd better have a look at your moderator's actions.

Probably OFFTOPIC messages
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IMAKEMONEY
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As a concept i just see alot of good uses by the sea, saltwater is a killer, But yes PLNI is a dilution nightmare.

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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Relentless.
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nope.. very much on topic
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Relentless.
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quote:
Originally posted by IMAKEMONEY:
As a concept i just see alot of good uses by the sea, saltwater is a killer, But yes PLNI is a dilution nightmare.

Yeah it's a good idea but there are limitations..
How will plastic rebar be bent?
Can it be bent?
How well does it bond to concrete?
Is there any chemical reaction with concrete?
Mix 1 might be ok, but mix 3 might eat it alive.
What is the melting point?
My pieces are cured at an accelerated pace.. temperatures approaching 200 degrees is not uncommon.. will plastic soften at these temps?

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dollar13
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quote:
Originally posted by Relentless.:
nope.. very much on topic

sure ,i wonder why those were deleted


[Confused]

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dollar13
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quote:
Originally posted by Relentless.:
Funny how posts disappear on this thread..
Can someone please tell me what was objectionable in my post which was just before Glass' picture?
The censorship on this thread is enough to bring a fraud case against this message board...
Bob you'd better have a look at your moderator's actions.

maybe this is the reason.
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IMAKEMONEY
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I would think prebent and or heat-guns onsite, now bonding seams like that could be an easy test, I thought the same thing once the concrete started to go off what will happen? but agian if the right company run the right test could work.

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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Relentless.
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Yeah heat bending maybe, but then you have to worry about the melting temp of the plastic.. I'm detensioning pieces when they are still above 150 degrees.. That means I'm releasing the force from the tensioned tendons onto the piece by cutting the tendons from their anchors.. that's a good bit of force on plastic rebar that might or might not be fully solid.. or even bonded to the surrounding concrete.
Too iffy and I've yet to see PLNI show any sort of test results that ammounted to anything more than jibber jabber aimed at luring another newbie into buying.

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IMAKEMONEY
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Yes tension slabs/ tilt-ups would be very iffy, but for Standard home construction i see alot of potnie.JMO

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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Relentless.
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yep.. most of those are done with wire mesh and not a whole lot of strength is needed..
I think you'll be more of their customer than I would be.

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IMAKEMONEY
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Agreed.

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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will
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No disrespect to you masons, but is product really important to any of these pinks, especially one diluting? How often do we see that they rarely have a viable product. So, this one claims to be on the cutting edge of inovative bulding materials. Unproven, but it's a claim.

More important are the issues of O/S, the potential for future dilution, and the company becoming forthright and forthcoming.

Now the SEC informal inquiry / investigation let's consider and speculate on that.

There has been allusions that this type action might be benficial to PLNI. Can anyone site a few cases where a company was involved in an SEC investigation, and it benefited them? The alluding might be to the claim that there are naferious forces and an evil cabal at work here, staging a "bear raid" on PLNI, and the SEC is investigating that, and PLNI is cooperating with that investigation. If that were the case it would lead me to ask the question, if it were true why doesn't the company tell its shareholders? Do you think that would discourage or encourage them? Well, the long's partyline answer to such a naive question is probably, the company cannot say anything while the investigation is on going, the SEC is gagging them. See how easy it is to dream up complicated conspricay theories, and make up assumed conclusions to support them. Can that remote posibility be debunked with fact? No it can't. Can the remote possibility of it being accurate be proven? No it can't. What does logic and history of these pinks sheet company tell us about such actions, (inquiry / investigation)? It tells us 99.99999999....% of the time the SEC is investigating the targeted company because of wrong doing, not to assist them in proving that there are evil forces at work in the market place.

Now if one chooses to believe in these unsubstantiated conspiracy theories, that is their right, but they damn well be ready to prove them, and afford any dissenter with an alternative point of view or possibile explanation of what is really going on the same curtesy to present their opinions.

--------------------
A million seconds is 13 days.
A billion seconds is 31 years.

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IMAKEMONEY
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Will, none taken and im not a mason, but i like the concept. like i said PLNI IS A DULITION NIGHTMARE.

[ September 10, 2006, 15:55: Message edited by: IMAKEMONEY ]

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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will
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I agree, Money. It is probably the only thing that has been speculated about regarding PLNI that has been PROVEN. That, and the things they freely admit to in their last filing of 6/16/06.

quote:
Originally posted by IMAKEMONEY:
Will, none taken and im not a mason, but i like the concept. like i said PLNI IS A DULITION NIGHTMARE.



--------------------
A million seconds is 13 days.
A billion seconds is 31 years.

Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004  |  IP: Logged | Report this post to a Moderator
Spartans
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It's not plastic rebar...It's plastic rebar
"Supports" These have been tested and approved by the DOT in all 50 states...Come on folks get the DD straight...What is with this thread?

Plastic rebar in "Lenghts" is still in R&D..this testing is ongoing and when completed will be submitted to the DOT for approval also...Please take some time and research the product lines PLNI has before making asssumptions..The product line is on the PLNI website...
thank you...


quote:
Originally posted by Relentless.:
quote:
Originally posted by IMAKEMONEY:
As a concept i just see alot of good uses by the sea, saltwater is a killer, But yes PLNI is a dilution nightmare.

Yeah it's a good idea but there are limitations..
How will plastic rebar be bent?
Can it be bent?
How well does it bond to concrete?
Is there any chemical reaction with concrete?
Mix 1 might be ok, but mix 3 might eat it alive.
What is the melting point?
My pieces are cured at an accelerated pace.. temperatures approaching 200 degrees is not uncommon.. will plastic soften at these temps?


Posts: 2660 | From: Pennyland USA | Registered: Jun 2004  |  IP: Logged | Report this post to a Moderator
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If some folks here cannot even get the product line correct...don't know the difference between a SEC unofficial inquiry and an Official SEC Investigation then how can anyone consider the rest of the negative DD provided here by those same posters valid?????...

These issues are so elementary to basic DD in pennyland...Does anyone else here wonder????

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will
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Inuendo and twisting of words again:

Here is my quote :

"Now the SEC informal inquiry / investigation let's consider and speculate on that."

Inquiry / investigation is not equal to a SEC unofficial inquiry and an Official SEC Investigation. I see no refrence to an official SEC investigation in my post. Please quote me accurately.

quote:
Originally posted by Bearclaw:
If some folks here cannot even get the product line correct...don't know the difference between a SEC unofficial inquiry and an Official SEC Investigation then how can anyone consider the rest of the negative DD provided here by those same posters valid?????...

These issues are so elementary to basic DD in pennyland...Does anyone else here wonder????



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A million seconds is 13 days.
A billion seconds is 31 years.

Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004  |  IP: Logged | Report this post to a Moderator
will
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I think readers get the point. There seems to be some that would have them believe that this inquiry / investigation is benign in nature.

I asked how may have witnessed an inquiry / investigation by the SEC to EVER benefit a targeted company. I simply asked for a few examples.

Again, there seems to be some allusion that this inquiry is about shorting and / or a "bear raid" on PLNI. If anyone has proof of this please post it.

Usually inquiries are not frienfdly.

--------------------
A million seconds is 13 days.
A billion seconds is 31 years.

Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004  |  IP: Logged | Report this post to a Moderator
will
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Dispute these facts :

Total amount of securities outstanding 4,977,740,339 common shares and 1,000.000 preferred shares

Reference PLNI financials filed 6/16/06, link below :

https://www.otcstockinfo.com/repository/671/671_FR18.pdf

TRADE DATA Last Sale: 0.0011

http://www.pinksheets.com/quote/quote.jsp?symbol=PLNI

--------------------
A million seconds is 13 days.
A billion seconds is 31 years.

Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004  |  IP: Logged | Report this post to a Moderator
IMAKEMONEY
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Bearclaw the supports are great and as i have read they are working on many new products for construction i.e mesh, rebar, cb bases ect but before to long someone like simpson will come in and really do it they need to get this ball rolling.JMO

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

Posts: 9276 | From: San Diego CA | Registered: Jul 2006  |  IP: Logged | Report this post to a Moderator
will
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Funny, but it seems like last October / Novemeber time frame I told people on another PLNI thread that they were diluting, and would continue to dilute. I also correctly predicted that the PPS would plunge to .0015, I was wrong, it has seen .0009 this past week.

Readers might want to review this old PLNI thread. Begin reading around page 50.

http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/8/ t/015636.html#000000

--------------------
A million seconds is 13 days.
A billion seconds is 31 years.

Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004  |  IP: Logged | Report this post to a Moderator
will
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FACTOID :

Last November PLNI was trading at .011, since it has lost 90% of its value, closing at .0011 Friday.

--------------------
A million seconds is 13 days.
A billion seconds is 31 years.

Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004  |  IP: Logged | Report this post to a Moderator
will
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I do hope readers and / or anyone considering investing in PLNI go back and review this thread :

http://www.allstocks.com/stockmessageboard/ubb/ultimatebb.php/ubb/get_topic/f/8/ t/015636.html#000000

As you can see, my position was PLNI was diluting, and some shareholders were arguing it was a company share buy back and accuumulation.

Why is it that it always seems the most logical and easiest explanation wind up being the correct ones?

Pay attention to the last couple weeks of volume also. It appears PLNI might be diluting again.

--------------------
A million seconds is 13 days.
A billion seconds is 31 years.

Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004  |  IP: Logged | Report this post to a Moderator
will
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Just a reminder about out of control unmanagable volume:

Here's how your volume has been growing :

9/6 : 80492398

52M average volume over the last 4 trading days.

5-Day Average Volume 45065340
20-Day Average Volume 30309844
50-Day Average Volume 22419557
100-Day Average Volume 23944158

9/7 : 110564602

5-Day Average Volume 61277516
20-Day Average volume 33964930
50-Day Average volume 23943604
100-Day Average volume 24225895

9/8 : 328725500

5-Day Average volume 128616016
20-Day Average volume 50608910
50-Day Average volume 30971619
100-Day Average volume 27747932

--------------------
A million seconds is 13 days.
A billion seconds is 31 years.

Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004  |  IP: Logged | Report this post to a Moderator
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