posted
This e-mail from TDAmeritrade is bullsheet...This is about shorting this stock to the tune of 600+ million paper shares...Look back at the PR's ...PLNI already told us this was happening and TDAmeritrade got caught with their pants down...They have to cover their shorts...Of course they will let us sell...hahahahaha...
Given the right set of circumstances...and...If this runs with a good PR they ( MM's ) will be chasing this to cover shorts and it will run like a scalded dog...Give em hell Turek...Payback's a beech...IMO...
quote:Originally posted by trewblue: I received the same info as Tigress above. I sent a follow-on email asking them to clearly explain if my shares would be liquidated and here's the response I just got:
A Closing Transactions Only (CTO) restriction has been added for Plasticon International Inc., ticker symbol 'PLNI'. Additionally, we are no longer accepting incoming stock certificates. TD AMERITRADE has made a business decision to restrict trading in this security in an effort to protect our clients and our firm. At this time we are unaware of when the closing transactions restriction will be lifted. When we receive more information about this issue we will let clients know.
Thank you,
Becky T. Apex Client Services, TD AMERITRADE Division of TD AMERITRADE, Inc.
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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posted
Hmm...well I guess maybe Turek was right last year when he pretty much said that they were going to catch the MMs with their pants around there ankles. Anybody have that statement on hand by any chance? Its been so long ago, I cant remember when he said it ?
Posts: 136 | From: State of Confusion | Registered: May 2005
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posted
I just called ameritrade myself, and the person I spoke too said that the pr about liquidating our shares was false, and that their lawyers are currently working on it. He did say though that there is a restriction on buying PLNI, but none on selling, sooooooo take it for what it's worth. Well I'm off to do some bass fishing!
Posts: 136 | From: State of Confusion | Registered: May 2005
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SchwarzBiest... Here ya go buddy...You can also find past PR's on the PLNI home page...
Latest Headline for Plasticon Intl Inc
Plasticon International, Inc. (PLNI) SqueezeTrigger Price Is $0.008; Approximately 794 Million Shares Shorted Since January 2005 According to ********** Research Report 5/10/2006 8:30:03 AM CORONA DEL MARA, CA, May 10, 2006 (MARKET WIRE via COMTEX) -- WWW.********** is initiating coverage of Plasticon International, Inc. ( PLNI ) after releasing the latest short sale data to May 2006. From January 2005 to May 2006 approximately 10.4 billion total aggregate shares of PLNI have traded for a total dollar value of nearly $83.5 million. The total aggregate number of shares shorted in this time period is approximately 794 million shares. The PLNI SqueezeTrigger price of $0.008 is the volume weighted average short price of all short selling in PLNI. A short squeeze is expected to begin when shares of PLNI close above $0.008. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://WWW.**********.
Month Total Vol. Short Vol. Avg. Price Short $ Value ----- ---------- ---------- ---------- ------------- January '05 99,733,360 7,679,469 $0.003 $ 23,038 February 162,740,080 12,530,986 $0.003 $ 35,087 March 69,280,392 5,334,590 $0.003 $ 15,470 April 105,720,168 8,140,453 $0.003 $ 23,607 May 1,030,887,616 79,378,346 $0.011 $ 849,348 June 639,579,456 49,247,618 $0.015 $ 753,489 July 450,594,752 34,695,796 $0.015 $ 530,846 August 429,448,672 33,067,548 $0.013 $ 423,265 September 423,765,856 32,629,971 $0.013 $ 437,242 October 462,601,408 35,620,308 $0.010 $ 370,451 November 964,371,008 74,256,568 $0.007 $ 534,647 December 940,215,360 72,396,583 $0.005 $ 383,702 January '06 2,114,025,728 162,779,981 $0.005 $ 862,734 February 1,082,063,104 83,318,859 $0.007 $ 541,573 March 658,098,944 50,673,619 $0.006 $ 298,974 April 678,449,664 52,240,624 $0.005 $ 261,203 May 92,029,720 7,086,288 $0.004 $ 31,180 Total: 10,403,605,288 793,991,319 $0.008 $6,375,856 * short volume is approximated using a proprietary algorithm. ** average short price is calculated using a volume weighted average short price. *** short volume is the total short trade volume and does not account for covers. PLNI On OTC Naked Short Threshold List Start End Days on List January 7, 2005 January 13, 2005 5 February 14, 2005 February 18, 2005 5
Plasticon International, Inc. has been on the OTC Naked Short Threshold list two times. Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. SEC Regulation SHO, under the Securities Exchange Act of 1934, mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.
About Plasticon International, Inc.
Plasticon International, Inc. 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.
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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posted
"under the Securities Exchange Act of 1934, mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position."
Guys... If the right set of circumstances occur and the MM's have to buy up their shorts ....this could be the fastest "scalded dog" run in a while...Keep the faith...Go get em Jim boy hahahaha
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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posted
The news regarding TDAmeritrade today brought the price down a little throughout the day, but as you can see, the price came right back up by close. Long time investors of PLNI and investors that have done the research know what's up and I do not want to be on the sidelines when major announcements are released. PLNI will "run like a scalded dog," as Bearclaw put it!
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow Posts: 4727 | From: Elk Grove ( Sacramento )CA USA | Registered: Jun 2004
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quote:Originally posted by Black0r: You forgot to scald it first!
Wait, I'll heat some oil now. lol
Boiling the water as we speak
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow Posts: 4727 | From: Elk Grove ( Sacramento )CA USA | Registered: Jun 2004
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posted
What's yer secret?? How is it that you are in the know??
-------------------- "It's a head game...climbing a mountain that is, 20% physical:80% mental." Posts: 104 | From: San Diego, CA | Registered: May 2006
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quote:Originally posted by ballyman: What's yer secret?? How is it that you are in the know??
It's all here bro...
Plasticon International Inc. Completes Audited Financial Statements Monday May 8, 8:56 am ET
Plasticon Completes Audits and Submits Filings to the SEC
LEXINGTON, KY--(MARKET WIRE)--May 8, 2006 -- Plasticon International, Inc. (Other OTC:PLNI.PK - News) is pleased to announce they have completed their Audits and have submitted its filings to the SEC. Plasticon International Inc. has completed their audits for 2003 and 2004 and will now move expeditiously to complete their audits for the year end 2005 and the first quarter of 2006.
Plasticon International's financial statements have been audited by Mendoza Berger Company, L.L.P., CPA, who has served as the independent auditor for the Company during the fiscal years ended December 31, 2004 and 2003. Plasticon International's financial statements have been filed along with an information statement on www.pinksheets.com. The Company is presently nearing completion of the 2005 audit and expects to make its filings available in the near future, along with the first quarter of 2006.
Upon completion of the 2005 year end audit and the first quarter of 2006, which the Company fully expects to have in the very near term, Plasticon will submit the necessary filings to move the Company to the OTC:BB.
"We have commissioned a leading Market Maker to submit the necessary filings with the SEC and NASD to move the Company up to the NASDAQ Bulletin Board," said Jim Turek, President and CEO of Plasticon International, Inc. "It is our goal to move the Company to the NASDAQ Bulletin Board as quickly as possible. Once we have completed the move to the OTC:BB, we will then focus on bringing the Company to the American Stock Exchange."
Mr. Turek added, "This is a very exciting time for Plasticon International, Inc. This is truly a milestone for the Company. By completing its audits, Plasticon is moving forward and getting closer to its goal of moving to higher markets. In the coming days and weeks, the Company will be making additional financial information available to its shareholders and the public, which will include un-audited financial statements for the first quarter of 2006. These numbers will clearly show a dramatic turnaround in the sales and earnings of the Company and demonstrate unmistakably that the Company has turned the corner has now begun the initial stages of its growth years. Upon making the first quarter of 2006 financial statements available to our shareholders and the pubic, we fully anticipate being re-quoted on [url= http://www.pinksheets.com."]www.pinksheets.com."[/url]
Mr. Turek also noted, "There are many significant developments regarding sales that the Company will be discussing with its shareholders and the public in the coming days and weeks. Additionally, we will be implementing the buy back program and addressing the share structure of Plasticon International, Inc. Once again, the Company wishes to be clear that there are no plans for a reverse split now or in the future. The Company fully intends to address the restructuring of Plasticon's issued and outstanding shares through the buy back program, and we fully intend to commence the buyback in the very near term."
'05 and '06 audited financial statements are complete and will be released anyday now. Also, Green Baron will be doing a webcast interview with Plasticon within the next couple of weeks.
posted
Oh, sorry to bother, thought you knew something brand spankin' new.
-------------------- "It's a head game...climbing a mountain that is, 20% physical:80% mental." Posts: 104 | From: San Diego, CA | Registered: May 2006
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quote:Originally posted by ballyman: Oh, sorry to bother, thought you knew something brand spankin' new.
Funny sheet...hahahaha...So ballyman ...you were looking for some "I know something you don't know" sheet???
If anyone knows anything...real...they would not post it here....you may get a PM if they know you well and trust you'll keep your mouth shut...but...otherwise insider stuff...prior knowledge of an announcement...would not show up here unless it's just new DD that's available to the public...so...be nice...and maybe you'll get a PM now and again with something....real..IMHO
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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posted
Just jonesing for some words of encouragment from our friend Jim, thats all. Thought maybe something grandios was coming down the wire to take my mind off of all my other bags of rocks. Plus all the negative buzz concerning the naked shorting and Ameritrade needs to be subsided with some refreshing new air.
Ball
-------------------- "It's a head game...climbing a mountain that is, 20% physical:80% mental." Posts: 104 | From: San Diego, CA | Registered: May 2006
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quote:Originally posted by ballyman: Oh, sorry to bother, thought you knew something brand spankin' new.
Didn't mean it the way it sounds, honest, but can see how it may come accross that way.
Ball
-------------------- "It's a head game...climbing a mountain that is, 20% physical:80% mental." Posts: 104 | From: San Diego, CA | Registered: May 2006
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Ball... All's cool man...It seems like the past couple weeks in pennies there are a lot of folks holding bags...I think we are all anxious for something to move in Pennyland...This downtrend is across the board...good luck...
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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posted
They are still playing catch up. 05 and first quarter 06 are still in the works.
Ball
-------------------- "It's a head game...climbing a mountain that is, 20% physical:80% mental." Posts: 104 | From: San Diego, CA | Registered: May 2006
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posted
pinksheet quotes should be back up by the end of the week next week. If they are not, I would suggest everyone who is long call Liz Heff * pinksheets.com 212-896-4400 x426 to push them.
They have indicated that as of 5/30, they have all the documents that they requested to reinstate quoting for PLNI. They are in a final review to make sure that all of the information is complete.
Posts: 221 | From: michigan | Registered: Jun 2005
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posted
I'll be giving her a call if they are not up. At this point there is no foreseen reason why there would be further delay. PLNI is moving on up!!
Ball
-------------------- "It's a head game...climbing a mountain that is, 20% physical:80% mental." Posts: 104 | From: San Diego, CA | Registered: May 2006
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posted
I think this stock is a brick and morter stock. Slowly but surely. It has all the potential and will eventially run big. I hold 1.5M shares and am not pumping it. I am in for the long haul. I think it will take some time, but all the pieces are in place. They are buying back shares, and announced that they will apply for the OTCBB as soon as the audits for 05 & 06 are completed, with the subsequent jump to the AMEX. Look back at there PR's. Everything they have said has happened. Just not as fast as we all wanted. Now is a buying period, if we are willing to wait it out. Just my opinion. I am just like you guys....Just waiting on the next bit of good news.
quote:Originally posted by cm3i: I think this stock is a brick and morter stock. Slowly but surely. It has all the potential and will eventially run big. I hold 1.5M shares and am not pumping it. I am in for the long haul. I think it will take some time, but all the pieces are in place. They are buying back shares, and announced that they will apply for the OTCBB as soon as the audits for 05 & 06 are completed, with the subsequent jump to the AMEX. Look back at there PR's. Everything they have said has happened. Just not as fast as we all wanted. Now is a buying period, if we are willing to wait it out. Just my opinion. I am just like you guys....Just waiting on the next bit of good news.
I agree.
From what can be seen of PLNI, they are building up a strong foundation. They have learned from their past, they took a hard knock.
They know what it feels like to have sand kicked in their face. This will only make them stronger, more aware. Ready to see problematic situations before they get out of control.
Once that foundation is completely revamped, shored and reinforced. This puppy is going to fly at super sonic speed.
Folks standing by on the wayside all dazed and confused are going to say, "What the he11 was that???". It will be too late when they figure it out.
Ball
-------------------- "It's a head game...climbing a mountain that is, 20% physical:80% mental." Posts: 104 | From: San Diego, CA | Registered: May 2006
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Hope they finish the audits and move to the OTCBB soon. They have enough revenues from Semsco and Promold to go to the AMEX right now. A quote from them 4 months ago.
quote:Originally posted by Tigress: After a few more emails back and forth with TDAmeritrade, they confirmed that my position does not need to be transfered out or closed. False alarm that caused me some unnecessary grief today. Can't understand why Plasticon would issue a PR like this, what would they have to gain?! I hate to see the already struggling PPS brought down even more over something like this!
Right, but isn't it bad, and really offensive, that TDAmeritrade will not let you buy anymore shares of PLNI...especially right now, just when PLNI is finally starting to come out with all their financial reports? Why would you stick with TDAmeritrade. Look, call ScottTrade, as you are on hold, you will hear a message where they state, "Ameritrade recently bought out TDWaterhouse. If you would like to transfer your account from TDAmeritrade to ScottTrade, we would love your business. We are transferring all TDAmeritrade accounts at no cost for a limited time."
Get the hell outta there mate. I don't know if you are a freedom loving American or not, but the idea of Big Brokerage Firm coming in like a communist government and restricting your freedom to do what you want with your account really stinks.
It's my freedom to do what I want with my money in regards to investing, and that includes my right to loose all my money just like in any other stock. To have TDAmeritrade tell me they know what's better for me than I do is offensive and absurd.
I argued the TD broker over the phone into a corner. Countering each accusation and the pinksheets.com text he had to read to me in its entirety, and I'm like man, when did pinksheets.com post that? He said what? I said, you are acting as if you are telling me something I don't already know, portraying yourself as privy to information I don't have access to, and telling me you know what's better for me than I do, so prove it. It's a simple question. If you know so much more about PLNI than I do, then tell me when pinksheets.com posted that statement. He replied, I don't know. I said damn right you don't know. It was January 31st, 2006. Do you know why pinksheets.com posted that? He replied, uhhh, no, I don't have that information in front of me. I said damn right you don't know, they posted that in regards to PLNI's delayed audit and that PLNI released a PR promising to have information regarding it by the end of January which they never did, so pinksheets.com thought it prudent to stop the quotation service over their website. Answer me this smart man (he's laughing by now), has PLNI released any financial statements since pinksheets.com put this warning up? He replied laughing, I have no idea. I replied, that's right you have no idea. Yes they have in fact. Since you seem to be so good with quoting pinksheets.com, why don't you go to the webpage on pinksheets.com and click on that little meaningless link that says filings. Had you done that Mr. Knowing how to invest my money better than me, you would know that PLNI has and that pinksheets.com is going to remove that text any time now.
He replied, look, you seem very informed about PLNI, far more than me, all I can tell you is what our research department puts on our screens. I replied well then let me speak to your research department and educate them a little more about what is going on with PLNI. He replied, I can't do that. But trust me, they are reviewing the situation on a daily basis and as soon as they find out anything new, I will personally call you and let you know. I replied, after everything I've told you, you still think you're smarter than me. He replied what? I replied, if you didn't let a major shareholder like me, who owns nearly 1 million shares over the past 3+ years and who continually adds to his holdings each month, if you didn't have the courtesy to let me know that you slapped a trading restriction on my shares to where I could no longer buy more, but only sell....if you didn't have the common courtesy to do that, then why in the hell would I believe you that you are going to call me now when you find out something new?
I put through my transfer to ScottTrade along with a dozen or so friends of mine. The transfer should be complete within 5 days.
TDAmeritrade sucks. Never again will I use their brokerage services and recommend no one else does either.
-------------------- Lance Jepsen TraderFlash.com Posts: 38 | From: California | Registered: Jun 2006
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I had my PLNI shares transferred also LanceJ. I finally had it with this TDAmeritrade b.s.
Posts: 12 | From: Omaha | Registered: Feb 2006
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Hey guys Try Investrade. They have no problems with pinksheet stocks, $7.99 per trade with no share limit, and good web site with real time screening, level two and charts. Check them out.
posted
LanceJ....nice to see you here. I chatted with a couple of times on superior.....they didn't like me posting and I told them to take me off their stinking website...which they gladly did.
Some of my friends and their acquaintances pulled over 25M shares out of TD accounts and they now rest with Scottrade and etrade.
Hope you are well....we should be back up and running on PS by weeks end.
Posts: 221 | From: michigan | Registered: Jun 2005
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Way to go Lance!! Back those jackholes into the corner!!
Chas/anyone dig up that letter/email. I want to see with my own eyes what this freaking letter says. I can't believe no one has posted it yet after all this time??????????? The mystery phantom letter...does it really exist...will we ever know??
Ball
-------------------- "It's a head game...climbing a mountain that is, 20% physical:80% mental." Posts: 104 | From: San Diego, CA | Registered: May 2006
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quote:Originally posted by successinstock: LanceJ....nice to see you here. I chatted with a couple of times on superior.....they didn't like me posting and I told them to take me off their stinking website...which they gladly did.
Some of my friends and their acquaintances pulled over 25M shares out of TD accounts and they now rest with Scottrade and etrade.
Hope you are well....we should be back up and running on PS by weeks end.
Hi Successinstock, good to see you. I'm doing fine thank you. I've been doing some freelance work at TraderFlash.com .
Good for you for getting out of TDAmeritrade, we just can't let that anti-American, anti-freedom stuff stand. Maybe they can get away with something like that with investors in China, but don't try it here in freedom loving America.
The excitement with PLNI is at the greatest level its been in years. Did you see those awesome numbers for Q1 2006! I saw that and said now that's what I've been talkin about!
That was total validation and in the face of the rank amateurs who continually try and talk down this stock.
The only pull down on this stock, the negative aspect if you will, is the outstanding shares. This is a real problem and will continue to drag on this stock.
But once again, the answer to any problem is a fundamental one, does the company have good products, are they selling like hotcakes, will the buying of these products continue in the future. With all of these a resounding yes, we see the outstanding shares in a proper perspective.
The outstanding shares issue should be addressed in the "Share Restructure" phase PLNI should be entering into. The basic idea is that PLNI will buy back many of these outstanding shares and retire them.
I see this taking place further out which is a good thing. PLNI does not need to be launching a massive buyback program with the new money that just started coming in during 2006. I'd much rather see that money go to service and pay down their massive debt. I'd also like to see that money put to work in advertising, and then in R & D and to finish their "Plastic Furniture" molds product line.
Share restructuring, while it directly benefits me as a share holder, is not something I think PLNI should rush out and spend most of their new inflow of money doing.
But that's really it. I was talking with someone recently and he said, well what about the 16+ billion outstanding shares. My response is, right, that's a good negative point, but do you realize something here, that's the only good negative point that exists for PLNI, and it will be addressed at some point per management.
This is really incredible when you think about it. Six months ago we had questions over an audit taking place, we had pinksheets.com removing their web quotation for this security with many forecasting they would be delisted from the pink sheets entirely, we had no financial numbers to work with, and we had rumor that PLNI had lost the BlueLinx contract.
Today is a completely different situation with all things in the process of being resolved except for the outstanding shares, which should be addressed by management over the next year.
So when someone says, well, the outstanding shares thing is just so bad, I say right, I agree. But if you make a list of all the positives, and that one negative, you'd have to be stupid to close your eyes to all the positives and let that one negative prevent you from making a ton of money here. Plus, when you consider the fact that PLNI management has said that they will be addressing that issue at some future point in time by buying back and retiring shares, you'd have to be pretty stupid (or someone who just likes to be negative in life) to let that one temporary negative, keep you out of PLNI.
So I embrace the argument that PLNI's issuing of more and more outstanding shares is bad for long term investors via share dilution. Here's a hanky to blow your nose and a kleenex to whipe your eyes. But remember, it's The One Bad still left and with the company making the kind of money they reported for Q1 2006, it will be taken care of via a share buyback and retirement.
That's my PLNI soap box rant, I'm outta here. Take care.
-------------------- Lance Jepsen TraderFlash.com Posts: 38 | From: California | Registered: Jun 2006
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