posted
Doesnt matter what the inventory is. What matters is the SALES numbers. Inventory doesnt earn a penny sitting in a warehouse. Actually it's a liability because you have to pay for the storage.
Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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posted
Hopefully in the spring a rebar will sell and pps will get back to .0010 after the big announcement. For now it's store that inventory. If you don't have it you can't sell it. Merry Christmas. Holy moly red is in.
Posts: 758 | From: FOREST,MS | Registered: Feb 2005
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posted
Huge volume the last two days...The MM's are clearing shorts IMO...Looks like something may be released soon...Lets see what Monday brings...Up 15% today and the charts are turning...
quote:Originally posted by mbmaid: VOLUME ALERT
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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Dr. Byrne's Naked Short Selling/Fail To Deliver Slideshows
Dr. Byrne, CEO of Overstock.com, has created a slideshow series that explains in no uncertain terms everything you would ever need to know about naked short selling, and the systemic risk it presents to the US equities markets. The "Dark Side Of The Looking Glass" slideshow represents the first time the entire problem has been articulated in an easy to follow slideshow format, narrated by Byrne himself. Well worth the time to listen to.
The series is located at the Businessjive website (a great site and well worth visiting for other reasons):
posted
Plasticon International, Inc.'s Wholly Owned Subsidiary, Pro Mold, Inc., Implements Cost Reduction Program Tuesday December 5, 9:24 am ET
LEXINGTON, KY--(MARKET WIRE)--Dec 5, 2006 -- Plasticon International, Inc. (Other OTC:PLNI.PK - News) announced today that the Company's wholly owned subsidiary, Pro Mold has implemented a cost reduction program set in place by the management team at Pro Mold. The cost reduction plan may result in anticipated annual savings of approximately $500,000 a year under current projections.
The Company is currently planning to focus the cost reduction program on reducing labor and re-aligning production schedules. The management team will also focus on the introduction of lean manufacturing principles and techniques and the implementation of a 5S program. Lean manufacturing can improve material handling, inventory, quality, scheduling, personnel and customer satisfaction.
"This is another step toward enhancing Plasticon International, Inc.'s performance. We plan to continue to maximize efficiency at every opportunity. By implementing this program, we anticipate that quality will improve and production time and costs may be reduced," stated Jim Turek, CEO and President of Plasticon International, Inc.
Plasticon International, Inc. recently announced that the Company's wholly owned subsidiary, Pro Mold has recently leased an additional 15,000 sq. ft. warehouse. The new warehouse is located within a mile of the Company's manufacturing facility in St. Louis, MO. The warehouse contains Pro Mold's inventory that is valued at approximately $360,000.
-------------------- It is always darkest before it goes completely BLACK!!! Posts: 2322 | From: FL | Registered: Aug 2004
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posted
Actually waiting on a bunch of things to happen Acer.
Some of which are: the 2006 SOX audits for the first 3 Q's would be a good start. Getting the company on a consistant time line would be a huge accomplishment. The small contract pr's and company updates are a good sign that Plasticon is finally revenue generating. Same story as most pinks. Expanding rapidly, never having enough money to go around and to darn slow on the audits.
The chart shows the money flow has finally turned around and it appears the stock is back to the accumulation phase. Each time that has happened in the last 2 years there has been a pretty significant pop in the pps. Only the good Lord knows for sure and where it may go if it does move. Time shall tell. All these Pinks are a lotto play. Never invest any money you can't afford to lose and do your own DD. GLTY
quote:Originally posted by Acer911: anything you're waiting for that should spike this baby up?
-------------------- It will run when you least expect it. :) Posts: 1161 | From: NC | Registered: Mar 2005
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posted
Plasticon International, Inc. Wholly Owned Subsidiary, Pro Mold,Inc., Explores $7.52 Billion Injection Mold Industry
Dec 7, 2006 09:04:37 (ET)
LEXINGTON, KY, Dec 07, 2006 (MARKET WIRE via COMTEX) -- Plasticon International, Inc. (PINKSHEETS: PLNI) announced today that representatives of the Company's wholly owned subsidiary, Pro Mold, Inc., have recently visited injection mold facilities in the Peoples Republic of China. This visit is part of Pro Mold's continuing efforts to offer products that are competitively priced and produced with a shorter production cycle in an effort to provide superior service to customers.
The Company believes that sales revenue in the die and injection mold industry has been expanding at an average annual rate of some 20 percent in recent years in China. The country grossed about 7.52 billion U.S. dollars in domestic sales of die and injection molds last year, up some 25 percent from a year ago. Customs statistics also show that China exported 740 million U.S. dollars worth of die and injection mold products last year, comparing 490 million U.S. dollars in 2004.
"We believe that to maintain and increase business, we need to be able to provide injection mold solutions off-shore. China's technical ability has improved, while short production lead times, allow products to enter the marketplace in a very short time span," stated Jim Turek, CEO and President of Plasticon International, Inc.
Plasticon International, Inc. recently announced that the Company's wholly owned subsidiary, Pro Mold has implemented a cost reduction program set in place by the management team at Pro Mold. The cost reduction plan may result in anticipated annual savings of approximately $500,000 a year under current projections.
About Plasticon International, Inc. Plasticon International ( www.plasticonintl.com ) designs, produces, and distributes high-quality concrete accessories, informational & directional signage and plastic lumber, which are all produced from recycled and recyclable plastics. Plasticon is a leader, an innovator of cutting edge design, engineering, and production of industrial and commercial products. Plasticon is a green company, environmentally friendly, using recycled plastics to produce its line of products.
THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS." FORWARD-LOOKING STATEMENTS ARE STATEMENTS CONCERNING PLANS, OBJECTIVES, GOALS, STRATEGIES, EXPECTATIONS, INTENTIONS, PROJECTIONS, DEVELOPMENTS, FUTURE EVENTS, OR PERFORMANCE, UNDERLYING (EXPRESSED OR IMPLIED) ASUMPTIONS AND OTHER STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. THESE FORWARD-LOOKING STATEMENTS ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT PRO MOLD WILL ACCOMPLISH ITS OBJECTIVES OR THAT SUCH PREDICTIONS WILL PROVE CORRECT. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS AND RISKS THAT INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH A SMALL COMPANY, OUR COMPARATIVELY LIMITED FINANCIAL RESOURCES, AND OTHER FACTORS THAT MAY ADVERSELY IMPACT US. THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE SUCH STATEMENTS TO REFLECT EVENTS, CIRCUMSTANCES, OR NEW INFORMATION AFTER THE DATE OF THIS PRESS RELEASE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED OR OTHER SUBSEQUENT EVENTS.
Contact: For more information: Investor Relations 1-866-THE-APPL(E)
posted
This makes sense. They still have to address the short problem and get things rolling.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed Posts: 1772 | From: Oxford, PA, USA | Registered: Oct 2004
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posted
Press Release Source: Plasticon International Inc.
Plasticon International, Inc. Negotiating With Multiple National Distributors to Meet Increased Demand for Products Tuesday December 12, 9:27 am ET
Pro Mold Reports Backlog of Orders in Excess of $960,000 Through January 2007
LEXINGTON, KY--(MARKET WIRE)--Dec 12, 2006 -- Plasticon International, Inc. (Other OTC:PLNI.PK - News) is pleased to announce that its subsidiary companies, Pro Mold and SEMCO, have reported their largest order backlogs in the history of either company. Pro Mold's current order backlog is in excess of $960,000 through January 2007. Plasticon International is currently conducting negotiations with several national distributors to support the increased demand for the Company's products. Due to the inability of BlueLinx to meet sales and distribution quotas as agreed upon in their exclusive agreement, Plasticon International has elected to exercise its arbitration rights to seek compensation.
"As we approach the close of 2006, our future has never been brighter. Our companies have achieved record setting order backlogs and we're beginning to receive initial offers from several national distributors. These initial offers are already expected to exceed those that we received from BlueLinx over the entirety of our three-year relationship. We are very excited about a new year and an exciting future for Plasticon and our shareholders," stated Jim Turek, CEO and President of Plasticon International, Inc.
Additionally, Plasticon International is preparing for the annual World of Concrete Expo being held in Las Vegas, Nevada January 23 through January 26, 2006. The Company is planning on displaying its environmentally friendly products in its own booth. Plasticon International will announce more information regarding the show as it becomes available.
About Plasticon International, Inc. Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, informational & directional signage and plastic lumber, which are all produced from recycled and recyclable plastics. Plasticon is a leader, an innovator of cutting edge design, engineering, and production of industrial and commercial products. Plasticon is a green company, environmentally friendly, using recycled plastics to produce its line of products.
This press release contains "forward-looking statements." Forward-looking statements are statements concerning plans, objectives, goals, strategies, expectations, intentions, projections, developments, future events, or performance, underlying (expressed or implied) assumptions and other statements that are other than historical facts. These forward-looking statements are only predictions. No assurances can be given that such predictions will prove correct. Actual events or results may differ materially. Forward-looking statements should be read in light of the cautionary statements and risks that include, but are not limited to, the risks associated with a small company, our comparatively limited financial resources, and other factors that may adversely impact us. These or other risks could cause actual results to differ materially from the future results indicated or implied in such forward-looking statements. We undertake no obligation to update or revise such statements to reflect events, circumstances, or new information after the date of this press release or to reflect the occurrence of unanticipated or other subsequent events.
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