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How suprising that YOU would anticipate such a thing!!!! LOL
Are you implying that this could actually turn around???? Is there really even a small reason to have hope???? That would be so amazing at this point!!!!!!!!!!
So chapter 7 means - no way - no how will anything every come out of this company - correct??? It will be completely dissolved - sold - shareholders just disregarded????
Also to add - this is so very sad - hard to believe that it came to this - it seemed so positive a few months ago even - I will never invest in penny stocks again - or if I did it would never be 9 thousand like I have in this!!!! Sad, Sad, Sad
If they convert to a chapter 7 I know I have seen people post that would mean the shareholders get NOTHING. How do we get the tax write off - we won't be able to sell at a loss - right? Do we just get something from our broker to turn into our tax people that will show that the company went bankrupt???
So what is scheduled to happen next and is there even a small amount of hope left that something can be salvaged or will we just be lucky if they start trading so we can jump out and take our losses. Does anyone out there see any way that this could be turned around - I am not familiar with the legal manuevering of Companies and Bankruptcy - I still am suprised that it has come to this - there was so many times I just believed every thing that they put out and I thought things were gonna be ok - even great. Now I realize I was wrong to believe that.
I know most people out here are happy to just say "I told you so!" but I just want to know if there is a small chance and what that could be and how it could go if something unexpected happened...like they turned it around.
I like the way you think! I have been a shareholder for a LONG time and I am hoping in what seems a hopeless situation that we will somehow pull out of this - I realize it seems unlikely but might as well hold on till late December - hopefully by then our "miracle" will have taken place!!!!
So basically we are DONE - there does not appear to be any chance whatsoever of any kind of turn around that I can see. This thing has been a long ride and I am kinda shocked to see it come to this - I thought we were headed in the right direction for quite some time. How depressing!!! Is there any scenerio that you could think of that we could possible come thru this? I know there probably isn't but if you could think of any thing please throw it out there. Thanks!
So there is absolutly no hope now if this guy is on chap 7 panel??? - so in other words he only serves in the capacity of dealing with Chapter 7 Bankruptcy - so that would be the only reason he was appointed - to convert to chap 7????? I am never gonna buy a "OTC" stock again - NEVER. So Palmer's job is just to liquidate companies - has he ever served as chap 11 trustee for anyone???? I know it would make no sense - given his history. I just wish there was some small possiblity of a turnaround - but there is no logical explanation for his "appointment" other than the conversion to chap 7 in the near future. So Sad!!!
That is absolutely amazing - well if plni comes out ok in the end - it will be even more amazing!!! I am keeping all my fingers and toes crossed - as I am holding 3,500,000 shares of plni. This thing does get more bizare by the day - I am a loss as to what is gonna happen next. Hey when are they suppose to open up plni so you can buy it again. I know it is crazy but I was thinking of buying 4,000,000 more for an even 7,500,000 - just in case a miracle happens and someday it goes up to .01 - .05
Is that for real!?
bearclaw51: So from reading the court papers from today - is that a good thing for us???? I am not real with it when it comes to the back and forth in the financial legal system. I know "Shorts" will insinuate that it is BAD = but could it go in favor of us "longs"? I want so much for a good outcome on this I feel like I have been waiting forever = not to mention the amount of money I have in it (appx 8 to 9 thousand). I realize it could go either way - I just want so much to have my patience pay off in the end. But I am sure I am definitely not alone in feeling that - so thanks for any info or opinions you put out there!!!! GLTA
DTL: I totally agree with you - although I am a tiny bit apprehensive - I do believe there is still plenty to be hopeful about - and as always "time will tell". And should it all turn out for the good - how "sweet" that will be !!!!
I so hope you are correct - I am holding till the end of the year - hopefully a direction will be seen by then - either up or "the end". I still think they can pull it off - so I am loyal for the rest of 2007. Do you think we will know something by December 2007?????
PACER Update:
Motions to Quash Depositions of Fitter and Toohey: Overruled.
I don't understand what this means - can you explain???? Is this good or bad for us longs - or neither one????? Sorry - I find this all sometimes confusing - wish I understood more of all that is going on!!!!
Why do you say you like "this"
I don't get it - what are they really saying when they talk about eggs and bacon - I guess I am kinda dense!!!! LOL
I am still here - 2 long years - and I have all my fingers and toes crossed - hoping any good - even a rise to .02 would be thrilling - even a penny would be exciting - and I hope we see it this summer!!!!!
If things go our way in these ch 11 proceedings without any suprises - does anyone see the sp going to .02 or .03 before the share "exchange" if they came out with some good news??? Another question - how is this exchange different or better than doing the one thing that people were afraid of - where they reduce the number of shares by just giving you say 1 share for every 500 (can't remember what that is called) I had such hopes for this stock - but now I am not sure what to think or expect. I would be thrilled to get .03 and get out at this point, even .01 would be fine to me!
I went to that website and I can't find a link that takes me anywhere but to Plasticon Web Site - Am I missing something or is that all there is - anyone who can get anything out of the website mentioned in the PR please post a short explanation of any new info. thank you!!!!
Do you think the price of the stock will go up as a result of them covering their shares
Can someone explain in simple terms what this new "regulation" regarding "shorts" is and how it could affect PLNI. I read the posting - but I am not a real "with it" kind of investor - so I need it in very SIMPLE terms!! LOL
THANKS!
I am suprised there is not more selling or panic!
You say it is interesting - why do you say that? I have 3,500,000 shares - that converts to 3500 shares = $3,500.00 which is 1/3 of what I have invested over the last 2 years - I guess this means we're done or at least no big "windfall" here - Do you think there is any chance it will go over .001 before July - I am depressed!!! How irritating! It would seem you have no choice but to convert!! Please more discussion from people who know and understand all this!!!
I an still holding & buying 1,500,000 shares to give me an even 5 million shares - I will stop at that level & go into holding mode till November then decide how it looks - believe it or not this could still be ok "in time"!!!!!!
Could it be for strategy purposes???
Does BK stop the "sale" tomorrow???????
I cannot stand this WAITING GAME - Come on already - let's get some good news out here - I need to know something soon!!!!! PLEASE
Come on already! We've been thru this "waiting game" too many times - please come out with something - get the numbers filed - I thought they had a new accounting company working with them. Can anyone call them and see if they can find out what the heck is going on - this is bad on my nerves and so unfair - I know it is a pink and therefore risky and somewhat unpredictable - I have a little bit of faith - but this is getting to be like torture - we deserve to be told something - come on!!!!!!!!!! We just need a little bit of good news come out - maybe a couple really good things and this thing will be in the pennies - I hate being in the dark!!!!! Well now that I have had my "tizzy fit" - do you think the company will run right to the PR people and lay it all out - yeah right!!!!! They are professional at keeping us in these long "dry" spells......I WANT news!!!!!!!!!! Alright I am done - back to folding laundry - ha,ha,ha!!!!!!!
Come on this is boring!!!!!!!!! I want to know something ASAP!!!!I have been so very patient - but there is a limit. COME ON PLNI!!!!!! I am ready for some good news!!!!!! Well that should do it!!!! LOL
What is the ibox - hate to sound stupid - I did try typing in plni up in the top right search and clicked on ibox then hit search but came up with nothing. What is it and how do you get to it????
I had no idea you were such a considerate, caring person...LOL
Overworked and underpaid!!!! LOL
I am on that train too!!!!!! It should be a "crazy ride"!! LOL
What are you upside projections - I promise I won't laugh - I just want to see what you think - ok?
Come on now - put something exciting out - something that will get this baby to at least .005 - come on!!!!!!!!! I have been waiting almost 2 years and am getting very impatient!!!! I want some excitement here and a decent upward movement. PLEASE get it moving - with something really mind blowing!!!!! or I may lose my mind! LOL
rrm_bcnu - Do you have any "speculation" on the price - should they pull off the listing on the AMEX as they say without a R/S? Are there stocks on the AMEX under .03 - I may be asking a stupid question - but I really don't know that much about how that all works.Thanks for whatever "opinion"/"speculation you could share - I realize there is no way to know for sure - I guess I trust your opinion so I thought I would throw that out at ya! This whole process gives a new meaning to the word PATIENCE!!!!!! LOL
Why don't you find an investement you believe in and spend your days there instead of here - it makes no sense. You must be a very unhappy person!!!
I too am confident - look at all they have done and how they have grown - I mean come on this is quite remarkable for a pinkie - and imagine how exciting it will be to be on the amex and a year from now we could be saying - "remember when it was under .01 - hard to believe it was ever that low!!!!! I hope so much that this company goes the last little bit and finishes what they started!!!!!!!!!!!!