posted
JT says there is a 2 for 1 share "buyback" plan. They have been getting what they said done....not on time....but done nevertheless.
I agree with Madge, the 13.5 is old news.
Ultimately we have to wait til the quarterly's are out before we all know the story about the possibility of any on-going dillution. No one knows for sure what the story is.
Posts: 221 | From: michigan | Registered: Jun 2005
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posted
Sorry for bringing up this "old news", I must have missed the annoncement or report of the increase to 13.5 Billion shares of common stock. Maybe you can enlighten me as to where this was revealed before the 10K last week?
TIA
quote:Originally posted by successinstock: JT says there is a 2 for 1 share "buyback" plan. They have been getting what they said done....not on time....but done nevertheless.
I agree with Madge, the 13.5 is old news.
Ultimately we have to wait til the quarterly's are out before we all know the story about the possibility of any on-going dillution. No one knows for sure what the story is.
-------------------- "Keep your stick on the ice, we're all in this togeather!" Posts: 367 | From: AK | Registered: Aug 2005
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quote:Originally posted by will: I would like to encourage any new investor to check this site periodically. Pay special attention to the last box next to :
Common Shares:
Right now you will see 13BIL 500M, watch that number closely.
As of June 16, 2006 there were 4,977,740,339. I believe a company is required to have enough A/S to cover O/S plus any preferred shares equal to its conversion to common shares. That leaves the possibility of the O/S to gorw to 6.2B soon. The other 7.3B has to be reserved to cover those Series B prferred shares Mr, Turek holds. Once the 6.2B is reached you can expect to see the A/S raised. Check this page frequently.
All you have to do is type, Plasticon International Inc. in the inquiry box, and you can view the deatail.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
I always see American Bulls quoted here when they issue a BUY CONFIRMED. I don't recall any of the usual Pro-investors quoting AB when they issue :
PLASTICON INTL INC Daily Commentary
Our system posted a SELL CONFIRMED today. The previous BUY recommendation was issued on 08.22.2006 (23) days ago, when the stock price was 0.0020. Since then PLNI has fallen -45.00% .
SELL-IF is confirmed by a black candlestick which has an open equal to the previous close but closing lower.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
So are you encouraging people to sell today when the market opens at....001-.0012 ?????
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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posted
I am not encouraging anyone to do anything. Much like you do not pump or encourage when you post AB's buy confirmed.
Read my recent posts.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
OK so your point is that no one posts the confirmed buys? Your not encouraging selling here?
Will: I always see American Bulls quoted here when they issue a BUY CONFIRMED. I don't recall any of the usual Pro-investors quoting AB when they issue
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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posted
Readers may assume what they like. Much like you don't pump, I don't bash. There is always room for a dissenting opinion.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
Holy Plastic Batman.... This is PUMPER post for you will! ATTA BOY !!!!! Attention Stock Shoppers will has given his official ok to purchase PLNI for a double. Just jerking your chain man, no harm no foul.
So even you agree there is certainly a tradability range for all stocks.
will I don't necessarily like the OS either, however if CNES can go from .0003-.0004 range to .0028 with a 14 billion float ANY THING CAN HAPPEN. GLTA
you wil
quote:Originally posted by will: I am dead set against highly diluted issues, JW. This is probably the time to be buying this junk though. That .0009 / .001, seems to be bottom. It bounces pretty good off of the 30 RSI, (a bit higher now, might need to be more oversold yet before a rebound). If you can get in at .0009 / .001, you might be looking at a double shortly. I think it struggles with .002 +. They have went through a lot of trouble and expense to clean up there past sins, and keep it from being an .0001 company. Understanding that doesn't change the unmanagable O/S of nearly 5B, but it does make it playable.
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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I object to people touting this as a legitimate long term investment. I also object to people stifling others positions when the don't agree with theirs, and especially when the dissenting arguement has been upheld and proven by reality.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
Just wondering ...It seemed you were sticking the needle in over coffee...wanted to understand what your point was...I haven't said pump or bash...Why not leave that alone for a while and relax?
quote:Originally posted by will: Readers may assume what they like. Much like you don't pump, I don't bash. There is always room for a dissenting opinion.
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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posted
Frankly, I don't have to leave anything alone for awhile. I only posted facts, and reasonable conclusions based on the preponderance of evidence and my experience. I recall being correct with my assessment almost a year ago, and it was proven out as PLNI lost 90% of its value. Why is immaterial.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
As I understand it, your only major point here is that there is a larger OS than you would like to see and that they did dilute to around 6 billion. I will give you that, for whatever reason good or bad they did dilute it. Thanks for at least saying there is a possible play here from these levels.
As far as a long term investment I will probably keep some of my free shares long term. Heck, I even have stock Certs from 1906. I guess I do hold long term. LOL GLTY
quote:Originally posted by will: I never denied that this MIGHT be a PLAY.
I object to people touting this as a legitimate long term investment. I also object to people stifling others positions when the don't agree with theirs, and especially when the dissenting arguement has been upheld and proven by reality.
[ September 15, 2006, 10:45: Message edited by: Chopper ]
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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posted
That is not my major point at all, I metioned it as a probabilty.
My major point is that there is always room for a dissenting point of view, and whatever anyone's objection is to that, or what motivates some to be intolerant is not acceptable to me.
I have no idea what motivates people to try and stifle alternative arguements. I only know those tactics work on the weak, inexperienced, and uninformed.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
The only one stiffleing anyone today is you...What motivates you???...folks were just asking you what your point was...no more no less...your hair stood up...who's pushing who's buttons Will???....relax...
If you don't think this is a long term investment then don't buy it...If you think this is a good entry point to trade it.... then do that...relax...
Do folks who disagree with your conclusions have a right to post here too?
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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posted
I bully and / or stifle no one, post away, but be ready to hear an opposing view. Seemingly those folks you ask about having the right to post here too have had their way for the last year.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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Will: Seemingly those folks you ask about having the right to post here too have had their way for the last year.
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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posted
Ok. I hope we have cleared up the opinion posting issue. Two points of view to be heard.
Now for some DD.
PLNI TDAmeritrade Account Holders... If you haven't heard this audio conversation you need to. Especially the comments from "Clay" in the second half of the conversation. Listen carefully to the explainations. This interview was conducted by Simon at Sub Penny Radio .com. Enjoy and GLTA
posted
Of course I am finished. Both you and Chopper understand my major point perfectly well.
That doesn't mean I won't post here. I also have that right. I probably wouldn't be here today if a few posters were more tolerant a year ago.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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posted
Chopper... The lower bollinger band is at .0009 (resistance) and the upper bollinger band is now at .0024 (support)...Expect a shake soon...to touch the lower band...
I have another buy in at .001...let me know what you think???Thanks..
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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Will: That doesn't mean I won't post here. I also have that right. I probably wouldn't be here today if a few posters were more tolerant a year ago
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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posted
Looks like it to me also Bear. will has even stated in his previous post that at this level of par .001 is probably a good buyin point for a double. I don't think it will last to long though.
Point taken and thank you will.
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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posted
You will know when I am finished, until then endure, my friend.
-------------------- A million seconds is 13 days. A billion seconds is 31 years. Posts: 4893 | From: Burbank IL USA | Registered: Feb 2004
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Selling a stock short is the practice of borrowing shares from a broker and selling them on the market. It is a bet that the shares will decline in price from where the price was when you made the short sale, allowing you to "cover" the short sale by buying the share at a lower price in the future.
Theoretically you make the difference in the price. For example, you short sell a share of stock at the current price of $70. You pay your broker 5% interest for the margin interest used on the short sale. One year later the price drops to $50, when you "cover and buy the share in the market. Your profit is $20, minus the $3.50 interest, so $16.50 total.
Not bad. But what about the opposite scenario: You sell a share short at $70, and a year later the price is $90. You are out of margin credit to carry the share, so you are forced to buy the share for $90. Your loss is $20 (difference in price between $70 and $90) plus the $3.50 interest, or $23.50 total loss.
Unlike a long, where you buy a share of stock and your ultimate loss is limited to the total of your investment ($70 in our example), a short has unlimited loss potential (in our example, if the stock goes to $300, a short could lose $230 + $3.50 interest).
Because the short sales are borrowed shares, the more shares which are sold short the larger the number of shares which have been "created" (you borrow 10,000 shares and sell short, someone is on the other end of the transaction buying those shares, and they don't know or care that they are short shares), which effectively increases the number of shares in circulation — the original 10K shares, and your borrowed 10K shares (effectively an IOU for those shares).
When the number of short shares is significant, it can have a depressive effect on the share price, as there has been an artificial supply of shares created, which can outstrip demand — more supply than demand = lower price, and increased volume of trades.
There is really only one way of protecting yourself from having your shares lent out to shorts: Hold them in a "Cash Account", or an IRA.
If the shares are in a margin account, they can and will be lent out to shorts. Brokerages make considerable money lending shares, so it is in their interest to do so.
In PLNI's case, I would strongly advise that you move all your shares into a cash account, making them unavailable for shorting.
posted
Sorry if I am being redundant but this also goes with the shorter post.
PLNI TDAmeritrade Account Holders... If you haven't heard this audio conversation you need to. Especially the comments from "Clay" in the second half of the conversation. Listen carefully to the explainations. This interview was conducted by Simon at Sub Penny Radio .com. Enjoy and GLTA
posted
And this to get a picture of why we are where we are at releating to dilution and shorting practices.
Please let me try to summarize my understanding as to some of Plasticon's troubles and successes.
As I understand what happened to cause havoc in the Plasticon organization; there was a fax, phone and letter campaign by a certain group of individuals back in January and early February to force Plasticons compliance under the Pink sheet rules. I had personally confirmed this with Liz and Tim at the Pink Sheets. This action caused the pulling of quotes from the Pink Sheet site until Plasticon complied and sent current and up to date financial information. This did concern share structure as well. Plasticon was accused by this certain group of individuals of conducting a Stock promotion scheme and these folks demanded compliance of the Pink Sheet organization siting their own rules for quoting securities. The same compliance that is being demanded from QBIT . But why wouldn't this same set of rules apply to the HUNDREDS of other Companies like Q Television (QBID) as they are still quoted to this date on the Pinks? Doesn't this appear to be just a little lopsided? And I can tell you folks that there are HUNDREDS more companies out there looking to take your money that are still being quoted on the Pink Sheets and OTC/BB that are NO where near compliant or legitimate.
After this group's little plan had worked with the Pink Sheets this same group then contacted the SEC in the same manner siting the Pink Sheet site on the Plasticon quote page which read as follows; "As a matter of policy Pink Sheets will not publish quotations on www.pinksheets.com for any security when it has come to the attention of Pink Sheets that the security is the subject of ongoing promotional activities and adequate current information concerning the issuer is not publicly available. Pink Sheets will not resume publication of quotations for such securities unless and until it receives a legal opinion, in form and substance acceptable to Pink Sheets, to the effect that adequate current information is publicly available concerning the issuer and the security and the information has been posted on the Pink Sheets News Service." Nearly 90% of all press releases that were released were done by stock promotional companies that want to get business from the 5 or so companies that the feature on a daily basis. You all Know who these companies are as we see their garbage on a daily basis. Examples of these companies are: The Wall Street grapevine, Hot Stock Picks, Talking Stocks, Stock Guru. These are just a few of the dozens of stock promotion services out there trying to get noticed and sell a service to these companies they feature.
This blast of Bologna from this group to the SEC in turn got the SEC to review Plasticon's press releases relating to promotional activities. Nothing more! And if there was more to this the SEC would have halted Plasticon from trading back in February... You can bet the farm if the SEC had a solid reason to halt trading on a security they would!
This same exact campaign was used to go after the brokerage houses Such as TDA, Etrade and the like and these people once again quoted the Pink Sheet site as proof that Plasticon was in a stock promotion, printing and dilution scheme. So a few of the brokerage houses restricted trading on Plasticon's stock. Note: I said a FEW. Only 2 brokerage firms pulled this bologna that I am aware of. TDA was and still is the only one doing this still to this day, and it is on again off again.
Now, in view of the chain of events....could this be part of a plan to short Plasticon's stock out of existence and deprive them of reasonable dilution to meet the needs of the acquisitions and short term capitalization of the company by driving the PPS down drastically thereby causing even more dilution to meet these needs? Hmmmmm makes one think aye? There are MILLIONS on the line for the short interests. Can these short interests hide from the NASDAQ SHO reporting? You bet they can as off shore companies do not have to comply with the SHO rules as mainland brokerage houses do. Could off shore brokerage houses like UBS Warburg be involved with this company and other OTC/BB Pink Sheet companies to short these stocks into continued and larger dilution by creating ever lower prices through their off shore shorting techniques? Or brokerage houses on the mainland like TDA? Hmmmm another one that makes one think. This is no different than the Off shore lending institutions that prey on small firms with convertible debentures. With their 100,200,300% HIGH interest rates and endless dilution to the company by converting millions some times Billions of shares into new found cash. These companies are off shore for a reason folks and that is to ROB small companies of any chance to succeed by charging incredible amounts for much needed influx of cash to their struggling business. This would be Highly illegal on the US mainland.
Now I will admit that Plasticon's OS is a little high. But as I have stated many times before, there are companies that have yet to produce the first widget that have billions of shares on the market, that reverse split once a year and do it all over again. Hmmmm Winsted holdings comes to mind here. But people play the momo play everyday and at times get stuck holding the bag.
Plasticon IMO is great little upstart company with a lot of potential that is finally emerging into the market on solid ground. Their past accounting practices and lack of capital has caused delays in filings and acquisitions and has increased the OS a little higher than I would have liked. But as the company grows with revenues this should become a non issue.
I have been to Pro-Mold myself and seen their facility. They produce a wide variety of everyday products, such as yard sprinkler parts that we all use, manufactured and branded with that particular company's logo, to gun stocks and believe it or not, nearly ALL the Plastic parts for Bunn coffee makers and nearly the entire Bunn commercial tea dispencer seen in nearly every gas station and truck stop in the country! WOWO Pro-Mold holds its own weight and makes a nice profit without one single rebar support produced that is curently carried by Blue Linx and is used exclusively by R S Manufacturing. Pro-Mold has a Solid reputation and customer base and is posed for continued and dramatic growth.
SEMCO has a solid line of products used for waterproofing most materials and has a very unique line of surface products that can imitate in looks nearly any kind of surface seen today with a strength to rival and surpass any product currently on the market. I personally have received samples of their product line and their brochures. Very nice product line indeed. IMO Look for this stuff to hit large chains like Home Depot and Lowes in the not so distant future. SEMCO, run by Sam Sems is also a profitable part of the Plasticon family and should equally see a dramatic growth in revenues.
Some folks call Plasticon a scam, but as a person that likes to do my DD up close, I see huge potential for the company and wish them well in their future endeavors. Sometimes reading only the SEC filings to make an opinion just doesn't paint an accurate picture of what is really going on behind the scenes.
GL everyone and remember, do you own DD, trust NO one and never invest money you can't afford to lose.
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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posted
Chopper... My feeling is when TDA gets close to a managable number of shorted shares they may remove the restriction...That could be the sign it is close...they obviously have been covering...look at the L2's today...UBSS is primary and now NITE is jumping in...this is the pattern...volume will pick up...lets see if they push it to the lower bollingere...
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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posted
Look at the moneyflow...it is moving from oversold to the mid range...covering now
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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posted
I just spoke to cheryl at AT she told me that plmi is restricted for buying only....not even tradable with a broker "suspicious activity"....heaven forbid we make any money
Posts: 236 | Registered: Feb 2006
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posted
You talking TDAmereitrade? Many of us have transferred to another broker or split funds between two...I still use TDA but also use E-trade exclusively for PLNI...Transferring shares takes about 10 days...
quote:Originally posted by Raytrader: I just spoke to cheryl at AT she told me that plmi is restricted for buying only....not even tradable with a broker "suspicious activity"....heaven forbid we make any money
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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posted
i moved my shares out of their accounts as soon as I could not buy online....wtf is that?.....
a penny that has just finished 3 years of back audits, proposes to do a share buyback and uplist to the OTC ...looks good in my book.....IMO.
Posts: 221 | From: michigan | Registered: Jun 2005
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