posted
Sorry, it wasn't on a link or website. It was in the actual Plastics News paper that comes out. I will try to scan it in tomorrow and post it. I don't have a scanner at home.
IP: Logged |
posted
Based on the news, looks like this co. will be going out of business, if it ever had a business. I guess all those folks saying this was a POS, SCAM etc.. etc.. were right. I wonder if they will be right about the reverse split ? Maybe not if the co. is going out of business
IP: Logged |
posted
Thanks for the post rowdy. Shows how ckicken CHIT CEO is. I suppose he has his head in the ground thinking no one can see him or will discover him.
IP: Logged |
posted
Just another penny stock ripoff. Someday maybe someone will put some controls on what these companies can do to their shareholders, but I wouldnt hold my breath. CMKX, PLNI, QBID, RVMN(NE, whatever), the list goes on.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed
IP: Logged |
posted
You guys need to get on ETIM...Their AF's are due eom....Do some DD for cryin outloud. I know your probably all slapped out..But if you can Slap That ETIM A$K just a little you'll be happy you did..JMHO>> Sorry for butting in and being off topic, but I like to see people make money especially after a POS scam... Sorry for your loss/es...Been there done that....
GLTA
D42
-------------------- Bill Gates, Donald Trump and James Dean, Willie Nelson, John Lennon and Neil McCoy
IP: Logged |
posted
Ed, I'm gonna ask to put you on the spot if you don't mind. Freedom of speech is still accepted by me and some opinions really matter when learning from a trusted source. Will you name some of the Pumpers. I think I know some of them, just checking your thoughts. THANKS A PENNY.
IP: Logged |
quote:Originally posted by icanman: Ed, I'm gonna ask to put you on the spot if you don't mind. Freedom of speech is still accepted by me and some opinions really matter when learning from a trusted source. Will you name some of the Pumpers. I think I know some of them, just checking your thoughts. THANKS A PENNY.
No, I wont name names. You can pick them out yourself. They are the ones who always jump in first with the latest good news, (Oh, this one is gonna fly, To the moonium, etc.), but when news comes out that part of the company is being sold off, or a reverse split is announced, they are real quiet all of a sudden. Read the first page of posts in this listing, you'll see what I mean. My opinion is that they are being paid by the company to spread the good news and attract as many buyers as they can. Then, when all seems great, the R/S hits or the company goes out of business, and everyone loses their shirt except the pumpers. There are many IMO, attached to various penny stocks. But even the best of us can be fooled by the company shenanigans. Even the best DD can always lead to a failure. That's why the penny market is the way it is, very few winners and a ton of losers. I think they should be regulated more. I'm putting my soap box away.
IP: Logged |
posted
OH Well, I contacted PLNI via web page asking about the sell of Pro Mold three days ago no response. Hope this will someday make it to .0006 so I can get half my $$$ back. If not I will chaulk it to a Penny Lesson well learned. Possible law suit against the CEO. Sort of like O.J Simpson. Someone has to be held responisble.
IP: Logged |
posted
I doubt very much if you will get a reply. They always figure it's none of the shareholders business how they run their company. They cant be held accountable, because the way Wall Street operates, they arent doing anything illegal. That is why somebody had better get a hold on these companies. All they ever seem to do is take advantage of the small investor. I've bought my last penny stock. From now on, I'm buying quality stocks that pay regular cash dividends. End up ahead more often that way.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed
IP: Logged |
Member Rated: posted May 11, 2007 05:26 PM -------------------------------------------------------------------------------- Reading your posts, if you arent getting paid, you should be. Maybe you can contact the company (if there's anything left) and demand back pay.
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed
-------------------------------------------------------------------------------- Posts: 1703 | From: Oxford, PA, USA | Registered: Oct 2004 | IP: Logged |
-------------------- LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!
IP: Logged |
posted
I read the statement and I take it as John P. is the money backer for Pro Mold. He is not being paid and will sell off the company to recoup his loss. Maybe he will share the proceeds from the sale with us? LOL
IP: Logged |
Related Quotes Sym. Price Chg. PLNI Trade News 0.0001 -0.0001 Plasticon Intl, Inc. Voluntarily Files Chapter 11 To Reorganize Co>PLNI
May 17, 2007 09:10:11 (ET)
(MORE TO FOLLOW) Dow Jones Newswires
May 17, 2007 09:10 ET (13:10 GMT) Plasticon International, Inc. Voluntarily Files Chapter 11 toReorganize Company
May 17, 2007 09:09:23 (ET)
LEXINGTON, KY, May 17, 2007 (MARKET WIRE via COMTEX) -- Plasticon International, Inc. (PINKSHEETS: PLNI) announced today that the Company has voluntarily filed for Chapter 11 in order to reorganize Plasticon International, Inc. and its subsidiary, Pro Mold, Inc. Chapter 11 allows a company to reorganize while it continues to operate and grow its business, as opposed to liquidation.
The Company has taken this action in order to safeguard the investment that it has made in Pro Mold, Inc., a subsidiary that the Company bought in December of 2005 for cash and a note totaling $3,500,000. There is currently $875,000 outstanding on the note. Plasticon International, Inc. plans to reorganize the Company under the bankruptcy laws of the United States.
"We felt this action was necessary for Plasticon International, Inc. and its subsidiary, Pro Mold, Inc. We will take this time to reorganize and restructure the Company and we believe that Plasticon will come out from the reorganization in a much stronger position to compete in our industry. We had to take action quickly to defend a precipitous attack from a creditor which had declined to accept a late payment and was apparently interested in seizing control of Pro Mold," stated Jim Turek, CEO and President of Plasticon International, Inc.
About Plasticon International, Inc.:
Plasticon International ( www.plasticonintl.com ) designs, produces, and distributes high-quality concrete accessories, informational and directional signage and plastic lumber, which are all produced from recycled and recyclable plastics. Plasticon is a leader and 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.
To automatically receive instant updates, press releases, and other information on this and other Big Apple Consulting USA companies, please visit http://www.bigappleconsulting.com/compro.php and download your FREE copy of Big Apple ComPro.
posted
I understand it's the only way they could keep the sale of Pro-Mold from going through. Okay, I can deal with that. But my question is "Is the reoganization going to affect that status of outstanding stock?" Will there be a R/S as part of the reorganization? Is our stock now worthless, or is it possible it will survive the reorganization? Does anybody know a stock lawyer?? LOL
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed
IP: Logged |
posted
Plasticon International, Inc. Offers Exchange Program to Shareholders Friday May 18, 8:30 am ET
LEXINGTON, KY--(MARKET WIRE)--May 18, 2007 -- Plasticon International, Inc. (Other OTC:PLNI.PK - News) announced today that the Company is offering a share exchange program to its shareholders. Plasticon International, Inc. will offer to exchange common shares of stock from shareholders, which they will value at $.001, which is premium to market price, in exchange for convertible preferred stock to be valued at $1.00 a share. This means for every 1000 shares of common stock offered back to the Company, shareholders will receive one share of convertible preferred stock valued at $1.00 for future conversion purposes. Current shareholders must have their shares into First American Stock Transfer by July 3, 2007 in order to qualify for the exchange of common shares to convertible preferred shares. Shareholders must turn in a minimum of 1,000,000 shares in order to qualify. The convertible preferred stock will be protected from any future stock restructuring by the Company. For the complete terms and conditions of the stock buyback program, please visit the Company's Web site www.plasticonintl.com.
"We are very pleased to be able to offer our shareholders this exchange program. With our share repurchase program announcement today, we are reaffirming our confidence and optimism in the long-term future of the Company. As more information becomes available, it will be provided on our Web site," stated Jim Turek, CEO and President of Plasticon International, Inc.
About Plasticon International, Inc.:
Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, informational and directional signage and plastic lumber, which are all produced from recycled and recyclable plastics. Plasticon is a leader and 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.
ADVERTISEMENT
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.
To automatically receive instant updates, press releases, and other information on this and other Big Apple Consulting USA companies, please visit http://www.bigappleconsulting.com/compro.php and download your FREE copy of Big Apple ComPro.
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow
IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Big Grin]](biggrin.gif)
