If the market makers aren't shorting this stock, then about 30% of the float changed hands in the past 2 days.
I really find that difficult to believe at this price. Just my opinion.

Two things. First, I don't know who transferred the 16 million shares after close last night. It was an "off the board" MM transaction I think.
Second, on the information about the Authorized Shares increasing by about 3 million, Matt McQuire at PLNI said yesterday that he expects Turek to put out a release any time on that issue and the buyback (Outstanding Share reduction).
Another interesting point was made by someone on the board here that by increasing the A/S and having the ability to issue them to themselves (since Turek is the lone member on the board of directors and he can vote in anything he wishes) that it could be a strategy to prevent a takeover.
It's all conjecture until he tells us what he plans to do and then, you might have to read between the lines to get a complete truth because most companies only release what they want you to know unless it is required by federal or governing body law.
I'm holding forever if I have to. I'll pass it to my heirs. Luck to all of us!

Was anyone else watching at the final closing that 16,000,000 shares were transferred "off the board"? That is to say that the shares were recorded in the total count but not run through the purchase records. These are usually transfers that have been agreed to by market makers that occur without being reported to the SEC under reg. SHO.
Once again, I refer you to the CMKX fiasco where there are several documents in those records that indicate market makers approaching brokers to trade "off the board" or without a record.
You still think that this market is straight? Brooklyn Bridge anyone?
And I own a ton of this stock.

rookinvestor, I only play with a few thousand bucks. I don't expect to hit the big score but I would like to make a little bit on each investment. I just started messing in penny stocks a couple years ago and have only lost money here. These stocks are mostly speculative and usually must be held for several years. Once in awhile, one shoot off like a rocket. It's sort of like playing the slots in Vegas.
My money is in Certificates of Deposit in Chicago. Corus Bank is currently the best interest I could find (without going out of the U.S.)on $10K CD's because they lend to developers and in large chunks of money.
Good luck and I sincerely hope you do better than I have during the past twenty years playing the fool in this game.

None are most important. Outstanding shares and the float are both influenced by shorting. A/S can be released at any time since they are authorized and, and since pink sheet stock doesn't have to issue an 8K to float more of their stock.
The most important thing, in my estimation, is the long term status of the company and it's ability to endure through it's first five years. Since PLNI is well on the way to becoming a very viable company, I believe that a long term hold will eventually pay off some gains but you won't get rich. A reverse split is inevitable if, as they say, they eventually want to hit the big boards. Then, capitalization and stock value become important. Right now, the "company" could give a rat about us as small investors.

This has to do with the market maker and not PLNI. If you want to see what market makers can do, look at CMKX. They estimate that over a trillion shares were sold and only aboout two thirds of them were filled.

http://www.cmkxownersgroup.com/

If you have all day to follow this thing, it will give you some insight into what MM's do to the small investor. Included in some of the documents posted at this sight are names and charges that are or may be pending against crooked MM's.

This is the same as legalizing counterfeiting. If the MM doesn't have the shares and he needs to fill orders, he can borrow them from the federal government - EVEN IF THE FEDERAL GOVERNMENT DOES NOT HAVE ANY OF THESE SHARES.

rookieinvestor. The document filed as an amendment to the articles of incorporation is real. I verified that with Mark McGuire at PLNI investor relations just a few minutes ago. Mark couldn't tell me how many shares this document increases their A/S. He would only say that a release from the company indicating their stock increase and their buyback plan would be released very shortly (any day).

fynley, I have purchased more shares but I wanted to know if the stock was under distribution, which it isn't. The acquisitions and the general business structure of PLNI will have a lot less to do with the price of a pink sheet stock than the strategy of a smart market maker. If VFIN runs the price down and buys at a lower cost, his average-in is way below the small investor when you're talking about 100 million shares. The stock will eventually raise again but we will all need to hold our positions. Good luck to all!

Just spoke with Matt Mcguire at PLNI. He says that they are not selling any shares.

Since VFIN is doing all of the selling it appears as if the stock is currently under distribution. In other words, PLNI is selling a crapload of additional stock into the float. Has anyone called them and asked?

I think we ought to boycott Yahoo. VFIN has been running the price down all day. They lower it for no reason. They were selling it at one price and were selling millions of shares when they suddenly lowered their asking price. I have written to the SEC and the congressional committee about naked shorting and now we see the same thing here by Yahoo. I just received a request from the SEC to indicate specific instances. I will include this stock in my answer. My letters have gone through Peter DeFazio, our representative, the congressional investigating committee and now, I have a request from the SEC. They are looking into this and I hope we get some results soon. My note to them will include the Piggyback Qualification. If MM's could only pass bids through, the supply and demand market would work. This is tantamount to counterfeiting.

You are all 100% right in my opinion. I thought that I might be the only one watching collusive market manipulation occurring right before our eyes. Since this stock is Piggyback qualified, MM’s can quote it up and down at their leisure.

Wow! What happened. PLNI just jumped back to .008. Anybody see any new news?

Buying or selling a company takes time. After an agreement is reached to value the properties, an inventory is taken. Then, accountants from both sides will determine values on old stock and who is responsible for what.
Then, when all valuation is settled in accordance with the preliminary agreements and both parties agree to the final numbers, a contract is drawn and signed.
As an accountant, I have been involved in two acquisitions and two sales. Believe me, it's not an instant deal.
Personally, I would look for the purchase to be finished on or about the time they have indicated.
I also think, as someone else has already stated, that the financials will be completed after all of the acquisitions are finalized a consolidated statement will be released showing the profits from the acquired companies. I know that if I wanted to float some stock to acquire further capital, I would do it this way. Just my opinion.

Market makers loading up for the next run. They do it every night and have dropped the price as much as .0008 in last minute.
As I said before, I believe that you're dealing with people who have their concerns first irrespective of the small investor or the company. Just my opinion.
Still waiting for all the acquisitions to be completed to see a financial.

Right Zoro. He is actually required to report all of the qualified subsidiaries of the company in one consolidated report at the time the final audited statements are issued. Usually, the individual statements are available but the notes to the audit usually cover most of the important issues and items in the consolidated report.
But, you don't wait forever to issue a 10K to the SEC without asking for a delay. He qualifies for the number of stockholders and the fact that the stock is openly traded on Pink Sheets.
I am just anxious to see his balance sheet more than his P&L. I really want to see his short term vs long term assets and liabilities.
I know, I will wait and see them when they are released. Oh well......., it's just money....I guess.....

For CMKX, it took $125,000.00, two attorneys, a temporary staff, being denied public information from the SEC and now, litigation to even make an estimate of the total number of shares outstanding, including the float. Since I don't have that kind of resources at my disposal, I guess the short answer would be no, I really don't know. I've been watching this market for almost 40 years and it has become more and more manipulated with the influx of extremely large sums of money concentrated in a few hands.
Maybe the senate committee that's looking into naked shorting will be able to get some kind of general handle on it.
Who knows, really? I just bumble along and seem to lose about a grand a year on stocks that seem to be good companies.
Oh well, such is life when you like to gamble with the big money players.

I'll be here too Growth and Value. I waited until the stock had dropped back to .0001, then bought a million shares (A hundred bucks worth) so it can sit in my account until/or if UNQT either makes a surge or drops off the map. I just wish that all of my penny stocks had so little invested...CMEO

I was an accountant for over 30 years. I have been through more audits than 30, with both internal and external auditors.
I recall one very difficult audit I had with, what was then, Delloitte, Haskins & Sells that took almost four months to complete because we had just assumed a business and had to dig up records from the previous twelve years.
Now, I just have to ask, why it takes so long to get an opinion from a CPA group on PLNI. Especially, since they claim to be going OTCBB, and are required to hire a certain level of CPA.
The opinion (abbreviated) simply says that the audit was done under GAAP and that the books fairly represent the financial position of the company.
If this is that difficult, I am really beginning to wonder what is going on here.
Call me skeptical but I look to see financials from PLNI in a very short time or something else is wrong.

Does someone see something that I am missing. Mostly, I see the MM's filling their naked shorts (one way or another) from bailouts selling at market receiving .00005 or so after buying a ton at .0001 through .0005. Of course, some of these transactions could be borrowings from the Federal Gov't. since they can loan stocks that they don't even have for fills . What's the difference between being naked shorted by MM's or the gov't? All ends up the same by having a bajillion stocks in the float that people keep dumping and losing money to the market makers. I include myself in this group. My winnings for this year, so far, are -$3600.00. I'm beginning to think Vegas has better odds? Black or Red on the roulette wheel is 50%.

You're right about that Zorro

Could be #8 - Market makers aren't stupid.

just went sub-penny

It appears that ETRD is filling their short sales from this morning, that they sold at .0124 to .0127 at .0122. They have just purchased over 800,000 shares @ .0122

Did anyone else see the buydown in the last two minutes yesterday? It went from .0136 to .0130 (after hours at 16:02) so the listed close was .032 at 16:00. The quantities were from 400,000 to 600,000 shares. I have my thoughts about this but does anyone else have any ideas?

just noticed on Ameritrade that UNQT is selling under .00005. I'm in at .0001 for a million so I can't get hurt too much but I hope the company does more than they are so we all get what we paid. I know some are in at .0005. I held my bid and bouight at .0001 so goodbye $50.00 or so. Still hoping that something good happens in the longer term here. Their last e-mail wasn't too exciting but they are doing business. I'm just going to hold it. Good luck to us all.

I think Schwab has been a pretty good indicator of price (Pink Sheets). They are currently selling at .0125 and buying at .012. My opinion(for what it's worth as I lose money on stock) is that PLNI will finish at about .012 to .0122 today.
Hope I'm wrong and it goes over .02. Luck to all.

Naked short selling is when a market maker or broker quotes a stock they don't have, especially in the pink sheet market, and pockets the proceeds without actually filling the order within 3 days as required by the SEC (Joke). This floods the market with millions of stock shares that are being traded with no basis (in fact).
The objectives are usually to see the business fail and not have to fill the orders sold (100% profit) or drive the stock so low that they can buy to fill at a price below what the average investor can bid. ie, .00005 when we can only bid .0001. The difference is also their profit from driving the stock price down. An excellent example is one we have all heard of, CMKX. If you wish to see the process unfold before your eyes and you have time to read it all, go to http://www.cmkxownersgroup.com/documents.php and read the items listed.

I also know the rule for piggyback qualified. Market makers and brokers can qoute this stock and short sell it. Then, after driving the price down, they reinvest and don't need a 211 filing to quote it.
Another SEC thing that keeps the money in the hands of the professionals.

Remember, PLNI is "piggyback eligible" which means to me that the big market makers will run this stock up and down taking small profits on large quantities. Remember, they don't pay $11.00 a buy and the same for a sell. Pink sheets shows a sell at about .0004 over a buy that is posted by the same broker at the same time. It'll probably be awhile before this changes.
Just my opinion.

You probably will get market if you sell. The Scott Trade "zero" sell is below .00005. That usually means one of a couple things. Either some market maker has signed an agreement to issue shares and keep the funds, also known as naked shorting, or else there are still a few folks willing to hope that .0001 grows eventually and the market makers are buying at half of that price. Oh well, the risk is there to take if you want to lose your money competing with pros.