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Jim, 9 months into PLNI. I have 3MM shares averaged in at .007. I am holding as you suggested if you were long. Just waiting to see what happens and will hold as long as it takes to make a buck or three. I think they will ultimately be successful but funding will be or is possibly a current issue. They've announced a buyback numerous times and it should be interesting to see how they pull it off. If PLNI comes together it will obviously be a lesson in financial management for publically traded pinksheet startups. They must have something up their sleeve that nobody on these boards has a clue of or experience with. They are either confident of pulling this off or they are preying the Safe Harbor Laws work in their favor later on. Though I would doubt that Pro-mold and Semco founders would sell "their babies" that they built from scratch to a company that was going to run them into the ground. My gut tells me that "more is going on here than meets the eye" vs technical analysis of the financials and/or PPS.
If traders/investors needed their seed money back quickly for mandatory reasons on this stock then one; it is not the market for them to be in and two; it should definitely not be with PLNI. Plasticon's statements of "soons" means months and their "very soon" is at least a month in my opinion.. This maybe a channel stock for the experienced as you seem to be but not for a newbie like me. My opinion is this will take a lot of patience and though I have my emotional days; I try to leave them out of the overall PLNI picture for my own good.
Thanks for all your help in translating the finanicials, par value, etc and it is good to have you back!
Rick, "A short reminder that markets can and often do surprise us". Do you feel "markets" applies to pinks? In my short tenure in the pinks the Dow, Nasdaq, Amex or the general economy seem to have zero effect on PLNI. I have held other pinks but admittedly don't at this time. I made a few bucks on them and moved on when they started heading south. PR's and company performance seem to be the most influential effect on the PPS. I am not making a statement but asking the question.
Your only a burned shareholder if you need the seed money and need to sell at a loss. If your timing was wrong and you needed to sell relatively quickly then is that Plasticon's fault? I understand seasoned and rich penny investors playing the lose game in December for tax write offs.
There are numerous webcasts and PR's with JT stating that "long term" investors will be happy. What are you going to post when the PPS skyrockets after the Q1, 06 financials and the buyback comes through but you didn't hold long enough to realize the gains you "could of" realized? Penny's are not a short term, "day traders" stock for a rookie. I am a rookie as well only having been in the pennys for fifteen months, but I realize that to hold one for only months is a huge risk.
I would wait until I at least broke even before selling to get into what could be an even riskier penny. At a naked glance; do you think one penny is anymore honest in their PR'ing than another? I know so much about the history of Plasticon at this point that it would be stupid to bail now for another penny without at least waiting another few months. If the lack of a few PR's not proving out scares someone into selling then they don't belong "trading" pennies. At the least they should be "investing" in penny's which implies long term holds.
Either that or go to mutual funds and bonds!
Widowson, I agree with you. Most penny stocks are newly developing companies. I don't understand how people could expect every milestone the company PR's to go smoothly.
As compared to the other markets; penny stocks should require more patience, more DD, and an expectation to lose money if your seed money is going to be needed sooner than later.
I have a hard time understanding why people buy a stock like Plasticon and sell it based on basher posts and/or the fact that the company is taking longer than expected to fulfill their PR'd promises.
I agree and posted the same on SI. Been a while since we have seen the 3's. One needs to be an expert channel trader in this for the long haul. I am long since I am not experienced with channel trading or day trading.
Oh well! Time to buy more!
Between Promold, Semco, management,etc they approximately 50 employee's.
Read "Competition" and "Reports to Security Holders" on page 7 of the 2004 Annual Report which is only two paragraphs of PLNI's positive outlook. Own a million shares of this stock and stay patient. There are never any guarantee's in business but follow these two simple steps and in a few years you will most likely be a millionaire. The folks not taking advantage of this penny stock are uninformed, in denial, don't belong in the pennies or would rather make a whole $8/hr bashing it. It's that simple!
This could skyrocket to $1 and shorts would still be fighting the losing battle. It's what he is paid for! At six figures and a professional engineer; I can't fathom the type of person who's profession it is to bash stocks for $8-$10/hr. How much pride can someone have in doing that for a living. I would rather pick up garbage. At least I would be getting paid a union wage to do something for the environment. Even at six figures I wouldn't purposely bash stocks to help the naked shorting pricks. I finally put him on ignore a month ago and so should the rest of the "faithful" PLNI folks.
Chucker; I am holding my shares until the Amex regardless of it takes a reverse split. A BA rep out of Florida is emailing me the PR's now so the information is flowing like water. 2006 is going to be a good year for Plasticon.
My brother-in-law is a senior buyer for the largest private construction supply company in CT. He has a Bluelynx rep that he deals with. He asked the rep for me about the Plasticon line and the rep said they are selling well in the south and southwest but not as well in the northeast. There is more cement used where there is less cold weather patterns due to expansion and contraction problems. That is not to say that northcountry doesn't use cement; just not as much I am guessing. Though with the problems associated with expansion and contraction one would think that more repairs and rebuilds would be required.
I've heard truckloads of product are moving out of Promold weekly to keep up with the Bluelynx orders.
Rainman, do your own DD and stop asking stupid questions!
Anybody or any company has the "possibility" of going bankrupt.
Bankruptcy is part of the american business strategy; Trump has filed for bankruptcy to reorganize, so have many of the airlines. Plasticon just acquired two companies last year so the owners of those two companies who spent their lives building them didn't sell to a company with bankruptcy in the future just to see the companies fail. Successful men don't do that they sell to see their "babies" grow and prosper.
As far as the $100 mil; they are still operating aren't they; it takes money to make money; business 101. They just acquired two new Toyo IMP's to keep up with order demand which could of cost $100 mil for 2006 so you better sell now before it bankrupts them. With questions like these you don't belong in the pinks and definitely not with PLNI. You come off like a basher; maybe another "shorts" alias.
Gopack, You are saying that the TDCM MM is overloaned shorted shares? What does it usually take to clear shorting and getting on with the covering? Financial visibility?
I'm a seventeen month newbie to penny's so forgive what could be a stupid question. I would think that the SEC would get involved with this type of problem.
2nd Mil, that is basically what I was trying to say without the direct quote off the statements.
Someone supposedly spoke to Jim Turek Jr but that person has been pointed out as a possible promoter working for "the crew". That person has also been kicked off boards but he claims to have talked to JT Jr and he said Q1, 2006 had more sales than 04 and 05 combined. I have a tendency to believe it with the addition of Semco contracts and the new Bluelynx contracts and the fact that Promold is going seven days a week. It wouldn't be hard to beat 04 and 05 anyway looking at their revenue stream and the contract delays due to Bluelynx's IPO, etc. The 20 million in patents and molds was not showing as assets on the unaudtited financials; is this correct? So they should be in Q1, 06's? I think the company is putting all their "positives" into Q1, 2006's audited financials and all the past "warts and negative" we have already seen.
This is a long term investment for me i.e. I will keep most of my shares for 2-3 more years. I've been in it for nine months and have 3 million shares. I've bought in as high as .014 and averaged down buying in at .004 last December. My average is .007. I am very new to financial statements and big business in general. My background is as a mechanical engineer contracting for 42 companies in 28 years so I understand the Plasticon process, design and product better than the business end. I've designed plastic parts using Pro/Engineer CAD software and have detailed multi-core and multi-cavity mold halves over the years.
Jim, based on what you have read in the unaudited financials release and your extensive background; how long would it normally take for this to get "audited"? I have been in this for eight months and I am losing patience with the companie's leadtimes while implying everything is "soon".
How could the company think they were profitable in Q2, 2005? Could they have been given the appearance of profitable back then if they were running the numbers a different way?
Aren't the accounting rules very specific; i.e. isn't it "what you see is what you get"? Other than Worldcom or Enron of course!
Can a company catagorize assets, income, cash, costs, etc in ways that would make them in one way look like a loss but in other ways make them look profitable?
Are the unaudited finanicials in the current format submitted close to what the audited financials will look like for 04 and 05 or could we see some real differences?
Thanks!
I read talk of Plasticon lucky to reach .02 and yet they were at .019 with nothing but false promises last summer. Why wouldn't volume and new buyers push this up to .02? I agree that the value isn't technically there based on the new OS, etc but some penny stocks rocket to a nickel on BS alone. Any thoughts?
Rook; when were you planning on making money on this stock? The week after you bought it. I am an investor not a trader and "IT'S A 2 TO 3 YEAR STOCK!" The company has a plan, business is dynamic, they needed to issue shares and explained it. I believe they will do what is best for their shareholders in the "long" run. You should become a channel or daytrader is the impression I get with you; but then you would be bitter on an hourly basis.
Supposedly JT Jr is quoted as saying that they have done more business in Q1, 2006 than in 2004&2005 combined. Not hard to believe with Pro-mold and Semco on the books.
OT: Shad, I own four homes so it would only pay off my primary.
I really don't give a chit if I lose the $20k I have into PLNI anyway; it's roulette money I made in real estate! I don't know what your problem is with me. I am minding my own business, but you; Wow! Your like a bully in the playground of RB. RB seem's to be your cyberspace family! Man; that's sad! By the way; your on ignore from this point on. I'm here to learn not listen to your negative, useless crap! If you have issues with JH then take it out on him. You see how some people get when they are promised news and don't get it or the PPS slips a couple points.
They take painkillers and go off the deep end! Take care, buddy!
A dime would pay off my house and cars. It would still be a life changer for me and that would be great! We should hear something relatively soon as compared to my last eight months of waiting. GLTY
Jim, I have been in the stock for eight months. I bought one million shares @ .004 the Friday before Xmas weekend and averaged way down. I think I remember the PPS the high 3's i.e. .0038 that week or around that timeframe. I have not seen it go lower than that in eight months. Supposedly the OS hasn't changed but we know that story maybe BS until we see the numbers. I've heard that they have done more business in Q1 of 2006 then in all of 2004 and 2005 combined so estimate those numbers with patent value, multipliers, etc. I assume that Q1 total to be their plastic products and Semco surfacing combined. They are also supposedly debt free. The PPS seems to be holding in the high 4's like it did for weeks in the high 5's. If it goes to the low fours or high 3's then I will buy more as well depending on what "the feel" of the day is.
Don't worry about pumping Happydog; their has been enough bashing on this stock such that we have a solid 2000 posts of pumping before we could even catch up. PPS held up under the heaviest daily volume in weeks. Let the PPS and volume do the talking and ignore 99% of the posters over on RB. This stock is owned by thousands vs the handful of neysayers over there and elsewhere. I've been around for eight months and holding. I've been up $8k and down as much as $6k which personally I consider peanuts and popcorn. Just waiting for the big one and it could be around the corner. If not then I'll hold for years if needed. I'm an investor not a trader and will be around for Nano's $1.
If it goes to .003 then I will just pick up some more for the run.
Rook, I remember the forms that were requested and never sent.
Another reason to wonder what truths were/are being told.
It's been shown the new AS is 13.5 billion. I just don't have faith in any OS numbers yet. As a shareholder I just hope for the best and stay on the side of optimism. If it tanks then I lose but I am still averaged in at .007 and have been looking at the 5's for months so no pressure here.
Then pinksheets took the bogus information off their site.
"Pink Sheets believes adequate current information must be publicly available". This means the AS, OS and any financial information was not adequate i.e. possibly not the truth and possibly not provided by Plasticon. Nobody has the correct numbers but the First American Stock Transfer, Phoenix, AZ 85022-6642, the company and SEC. First American won't easily hand out the OS number with Plasticon's attorney's permission thanks to "an RB member". This according to First American Stock Transfer. Call them Rook and ask; then think about the coincidence. Who knows what the numbers really are!
From The Robin:
Something Big????
PLNI positioned to explode? The AS is now reflected as 13 billion shares on the Wyoming state corporate website. Something very very big is in the works in this bird's opinion. Stay tuned!!!
Axclr846, in one breath you imply "listen to Fynley" and "it's on all over the boards". In another you mention "Do your own DD". Thanks for the advice but all you did was confuse me. I personally don't listen to Fynley or the boards and I do my own DD! Thanks for responding though.
Jim Stop Loss called this one right on! Jim let us know if you foresee the low 4's with the lack of news of course. I maybe in for another buy as well.
Shorts on ignore! Is that new to IH. I never realized it was there.
KG4, It's that savvy investing he knows so much about.
A PLNI expert too! Never averaging down from .01??
when you have many chances and bailing in the 4's is a "trading experts" move??? Then he has the balls to point out the CEO's BK and call that a mistake like he never made any financial mistakes??? Talk about no credibility!
Then he will say the CEO has no credibility. Talk about a hypocrite! Transparent as hell and really bad at what he does!
So who sold this week under paranoia in the .0048-.005 range.
Ask is at .0056!
OT: Happydog, sorry my last post was worded a bit strange.
I meant to ask if you "liked" dogs? I hope you or anyone else didn't take that the wrong way. :>)
Happydog, Thanks for the update! Are you a dog lover? I have two Vizlas. If you don't know what they are they look like the Weimaraner only gold with gold eyes instead of grey with grey eyes.
For those who don't subscribe to RB; more from Wynn06; I am buying more to bring me over 3mm shares:
Spoke with Mike Thornton at BlueLinx.
His # is 1-800-839-2588.
He is the head of sales and pricing for the east coast for the Concrete Accesories division of BlueLinx.
Alicia Babin can be reached also at the 1-800-839-2588 #.
She works with Mike in the concrete accesories division.
Bluelinx is the largest building distribution Company in the US.
First off, PLNI's relationship just got its footing with BlueLInx last summer.
Mike said the initial challenge was getting enough of PLNI's product in all 63 warehouses for customers cannot and will not wait for product. PLNI is well stocked now in all of the east coast warehouses.
Bluelinx EXCLUSIVELY carrys only PLNI's products for many of the concrete accessory plastics!
Mike says that Bluelinx has been selling "Commercial Concrete Accessories" for about 6 years. The main competition is a distributor called Dayton and Meadow Burke. They are smaller, but only sell concrete accessories.
Mike says that BlueLinx is aggressively expanding and selling its concrete accessories division and that as Bluelinx grows so will the sales of PLNI's plastic products that are exclusively sold by Bluelinx.
Mike told me that sales are increasing month over month for PLNI.
He expects "specialized platics" that PLNI sells to continue to grow tremendously in the coming years.
He says that the architects are recommending plastics more and more in their designs.
Mike says that himself and PlNI's customers are very happy with PLNI's products and looks forward and has no doubt that PLNI's products will sell more year over year with Bluelinx.
Offtheraces- Your are correct that the west coast is selling PLNI's x chair very well.
The east coast is selling more of PLNI's slab bolster chair.
In closing, Mike at BlueLinx had nothing but good things to say about the PLNI. The product is selling well in a one of the fastest growing divisions in Bluelinx.
To have the backing and stamp of approval of Bluelinx says alot about PLNI.
Any intelligent thoughts?
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
The ask is being raised .005; not that it means anything.
Better than the other way! Others maybe correct thinking that .0048 maybe a solid bottom; then kaboom!
Dale, he has to do his job to supplement his income above and beyond his so called internet cafe in the Ukraine. He made a bundle on commissions this week since the PPS fell .001 from the .0058 range.
For those not subscribed to RB; more from Wynn06:
More about my conversation with Jim. T
I told Jim T. that my Company felt that the pinksheet listing was a negative to be posted on their website since most pinksheet Companies are garbage.
I told him that their are obviously others we can buy from.
Jim told me that their product is the strongest and because of promold that they have a pricing advantage.
I asked him was the word getting out and that is when he replyed that "sale have been greater the past 3 months than the previous 2 years combined".
I asked him if their were any plans to take PLNI private.
That is when he said one, that he understood my concerns and that he can assure me that PLNI is financially sound.
He then when on to say, "in regards to the stock, I cannot comment because of SEC regulations".
Furthermore, He commented that he is working with Bluelinx to have a link put on PLNI's website.
One other thing Jim told me was that the BlueLinx contract was a huge contract for PLNI from a financial standpoint.
I didn't realize that all bids and purchases of PLNI's product MUST go through BlueLinx, that includes DOT's bids and purchases.
Which says alot, because I'm sure that Bluelinx did some DD on PLNI before offering to "AWARD" PLNI with the distributorship agreement.
All intelligent thoughts appreciated.
All; watch shorts do his job and show up on this one!!!!! For someone who has sold out his shares he still seems to care a lot. About the negative side of PLNI anyway. Here is some good news that believe in and I will iggy shortsy for the inevitable rebuttal.
From Wynn06 over on RB.
Just spoke with Jim T jr.
Called plasticon headquarters at 859-245-5252.
Told the secretary I was a contractor interested in Rebars.
She put me through to Jim jr.
We spoke about the benefits of PLNI's rebars and the tremendous advantage of ProMold to PLNI.
He gave me the names of the two contact people at BlueLinx
Alyssa Babin or a Michael Thornton 1-770-221-2944.
He told me that the Blue Linx distributorship is going well and "Sales are more in the last 3 months than the previous 2 years combined."
I told him that we don't want to purchase off of Companies who are not financially strong.
That the pinksheet info. concerned us, since pink sheet Companies are usually garbage.
He understood and assured me that Plasticon is financially sound.
I went on to probe him about the pink sheet listing and stock price and he would not comment because of SEC regulations.
I like the fact that the hyping of PLNI seems to have subsided. I like that everyone is concerned about the "SEC".
I definatly don't get the impression of desperation here or a Company that is collapsing.
Sales and earnings are what will propel PLNI to greater heights and the sales now are better than ever.
Any intelligent thoughts?
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
I may buy another million in the 4's. Bought at .004 the Friday before Xmas and it averaged me down quite a bit.
Thanks Jim, do MM's know the OS on a dynamic basis for every share bought and sold?