posted
Somebody should shut this thread down, or at least start banning somebody. The way it is, it is about useless as far as information, and I'm sure it was not intended to be that way. Why cant you guys knock off the bickering unless you have something useful to contribute PLEASE !!!!!!
-------------------- If I give you bad information, please feel free to sue me. I have nothing left anyway. Ed
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posted
Back to the issue at hand, PLNI. Been doing dd all day trying to find any info on Semco. Contacted the Nevada DOT and there is no record of them using any Semco products on the I-215/I-515 project, all bids for any work done/to be done on the project were done over two years ago. The McCarran project, cant find any info on this. From the airport itself could'nt find any mention any resurfacing contract or anything related to Semco. All of the news releases that I come across are generated in Lexington, Ky by Plasicon (yes I know that is the headquarters), they all say corporate news advertisement and have the Safe Harbor label. I have found no real news article involving Plasticon, Pro-Mold, or Semco.
I am a shareholder with 480,400 shares now averaged at .0061 now and I am just trying to find out some facts about the company that I am invested in and I'm not bashing or pumping.
-------------------- "Man who excels at putting worm on hook is Master Baiter"
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posted
Also the World of Concrete show has no listing of Semco attending, not to say that some of the people that work at Semco didnt go to the show but Semco was not representing itself at the show. From what I could find anyway.
-------------------- "Man who excels at putting worm on hook is Master Baiter"
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posted
Bobcat... This was posted on another site...I'm not sure if it is valid or not but may give you a place to start...
"DD-Could this be the item in the news release? Hope this is correct. Nevada DOT contract #3290 awarded on 1/26/06 to Frehner Construction. Frehner beat out Las Vegas Paving. Total winning bid 61M. Item # 5022389 list a 'Concrete Stain' on pg 2 (of 7)in the bid proposal for total cost(bid price) of $415,965.50. Approx 17.5 K. at $6.50 *."
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Just got off the phone with Frehner and they referred me to Robison-Prezioso the painting/ sealing subcon, talked with the guy that did the bid and he said the concrete stain specked out for the project was not the Ultimate Surface Effects from Semco. He said that the Semco product was about 4 times more expensive than what they went with. His company has never use any Semco product. It is more of a high end product.
It would just be nice if Plasticon would inform us of what is truly going on! Hope one of you can show me that I'm wrong about this.
-------------------- "Man who excels at putting worm on hook is Master Baiter"
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posted
"Just got off the phone with Frehner and they referred me to Robison-Prezioso the painting/ sealing subcon, talked with the guy that did the bid and he said the concrete stain specked out for the project was not the Ultimate Surface Effects from Semco. He said that the Semco product was about 4 times more expensive than what they went with. His company has never use any Semco product. It is more of a high end product."
I'd say that was a pretty good job at first hand DD, and a good job "tracking it down".
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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posted
What are the chances that PLNI is remaining silent to intentionally drive down the PPS before aannouncing the share buyback program.
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posted
The first part of your proposition might be more accurate than the latter part. The PPS is down, it has been driven down by PLNI's silence, but I highly doubt it is because of a planned buy back, probably more like the result of dilution. Back in November it was speculated that the UNUSUALLY HIGH VOLUME was due to a company share back, and/or accuumulation. Some here took the position that it was the evidence of dilution, only to be ridiculed and labeled bashers. On 12/7/05 PLNI updated its share structure on pinksheets.com PROVING the advocates of the dilution arguement to be correct.
....but to answer your question I would say the chances are slim to none, and slim just left the building.
quote:Originally posted by baggy: What are the chances that PLNI is remaining silent to intentionally drive down the PPS before aannouncing the share buyback program.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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posted
I didn't catch the name of the guy from the DOT, I just sent an email from the DOT web site asking about the 215/515 project for info and he called back after about an hour. He stated that Frehner was awarded with the contract so I gave them a call at 702-649-2530 and the project engineer that wrote the bid said the stain/sealant portion was through a sub contractor. He gave me the contact for Bob Elom with Robison-Prezioso 702-243-4812. He is the guy that stated that they were not using the Ultimate Surface Effects from Semco because it was way too expensive, more of a high end product.
Guess I need to write down names while researching, kinda new at this as this was my second stock pick ever back in Nov., right along with MOTG. Based soley off the recommendations from you guys on this site. I didn't do any research on either of them just had sold my house and thought I would use some of the profit as play money, and see what I could do with it. Have lost about half on MOTG and PLNI is back in the green. Very addicting, I can see why some of you get your feathers ruffled very easily!
-------------------- "Man who excels at putting worm on hook is Master Baiter"
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posted
As I said over at RB, the lack of info about Semco does not suggest to me that none of these contracts happened--more likely is that Semco's role was small as a tiny subcontractor on those projects--maybe even a sub of a sub, and who knows if those are listed in state contractor offices. That would help explain why PLNI has not included any of the contract amounts. (Though it is extra-weird that supposedly bids and awards on the highway project were wrapped up two years ago).
In any case, whatever consertation is occurring after bobcat's superb DD could be avoided if PLNI listed the dollar amounts with each contract. Basic.
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posted
When I stated that the bid was wrapped up over two years ago that was the contract for the construction portion of the interchange, My bad. They are nearly complete with the construction and traffic is about normal and they are ready to start with the "beautification" portion of the project. The they stopped accepting bids in early Dec. and awarded the contract on Jan 26th. They are hoping to have the interchange fully completed by the beginning of Oct.
One thing to keep in mind about the subcon thing is that Semco just produces the product, it doesn't sound like they are the ones that are out there applying the surface. The subcon just heads to the supply store and purchases the sealant that is what my take on it is. You or I could buy the Semco product and DIY from the sounds of it, well for $650 in training anyway. http://www.semcomfg.com/workshops.htm
I find it strange that I have only been able to find one link to anyplace that offers to sell the Ultimate Surface product also. http://www.floortec.net/
Hopefully with the promised PR's coming out I will have my fair amount of backpedaling to do.
-------------------- "Man who excels at putting worm on hook is Master Baiter"
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posted December 09, 2005 17:48 -------------------------------------------------------------------------------- I expect it to recurr without a doubt, it's a relatively easy way for the company to get $ for ANY purpose they choose. Especially a nonreporting pink sheet. --------------------------------------------------------------------------------
The "it" I referred to was dilution. They do it a couple of times and it becomes too easy to pass up. Selling shares is a lot easier than working for money. Being a pink they don't have to tell anyone anything. It looks like they knew what they were going to do with that unreported, unpublished, increase of A/S to 5B.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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posted
Success... I suggest coming up with a game plan to use this information to not suffer a financial loss... I am in the middle of a swing so am in a cash position...I will be looking at the charts and asking advice as to where the PPS may go...I hope I get it figured out by open...
I'm thinking it may swing south in the AM hard then north hard but am not sure yet how far it may retrace...Lot's of work to do.... GLTA
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I doubt very much you will find any answers regarding where the shares went.
Did they go to finance the Semco ProMold deals?
You do know those IR Firms and pump services like GB cost a lot of shares. I wouldn't think they cost 1.7B shares though.
You are expecting full disclosure and transparency via an audit before the move to higher exchange. It isn't gonna happen.
Don't be discouraged though, you can always swing trade it. USXP has 3B O/S and look what it did today. GZXF has 3B O/S, it didn't go completely down the toilet, yet.
Not much left to say. I'm sure there is someone, somewhere, with his glass still half full.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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posted
for me there is not much to do but either sell or hold and see how this thing shakes out.
The company says on one hand they are committed to retirement or buyback and then behind the PR's they dump millions of shares. Again, they need to let their investors know what the he$$ is going on before they have no investors.
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posted
I pretty much quit posting here the middle of December, but have read the thread since. It isn't like people didn't present some well thought out opinions based on the preponderance of evidence, but a lot of longs chose to ignore it. They were browbeaten, and bullied, and labeled bashers. AGAIN it appears they are on the right side of the arguement.
quote:Originally posted by successinstock: for me there is not much to do but either sell or hold and see how this thing shakes out.
The company says on one hand they are committed to retirement or buyback and then behind the PR's they dump millions of shares. Again, they need to let their investors know what the he$$ is going on before they have no investors.
-------------------- A million seconds is 13 days. A billion seconds is 31 years.
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posted
Exactly Buy Tex... This may behave like GZFX did recently...That played more like daytrading for about three weeks using similar swing principles...that's a great swing stock too...Folks can make some good bank here if they play the dips right...Sell high buy low...
quote:Originally posted by BuyTex: I'm sorry, I don't get "sell or hold": this has been a good swing play of late...
posted
Last time pinksheets asked for info from the company(early Nov.) the PRs stopped for a few weeks. I don't think they wanted to get that warning msg put up so they suspended the misleading PRs. I think we'll see the same thing here. The warning put up a few days ago should have the effect of a shot across the bow.
I don't expect to see substantive PRs for a couple of weeks. If we do get anything, I don't think they will be of the misleading variety we have become accustomed to.
-------------------- Logic can protect you from the hazards of faith, hope and trust.
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