Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Taki, is this proposed and "to be tested" tick standard due to the ongoing problems of MM manipulation. Is it to help solve the vapor share problems?
There is still RTQ on Plasticon's website. You need to refresh from your browser vs the "refresh" icon on the site itself.
It is even sponsored by pinksheets.com.
http://www.plasticonintl.com/investor_relations.html
It's a "non-reporting" pink sheet stock at subpenny.
Everyone knows this going into their buy orders.
What is this surprise with lack of financials or PR's or how long it takes. Not sure if the following is a good analogy.
I am an engineer for a defense contractor. We manufacturer defense related products for the government. I have also worked for commercial non regulated companies that manufacture computers for the consumer. It takes much much longer for the same simplest task to get completed because of regulations and red tape as compared to the same task for the non government related company. I agree the wait is frustrating but should come as no surprise to be part of the penny game, risk, and/or gamble. A penny buyer needs to expect it or go buy stock in reporting companies. Plasticon will report and PR when they feel it is strategically the correct time. My theory for not showing dollars in the Semco PR's is they have not completed negotiations on the Semco contracts yet.
Does the SEC restrict them from posting dollar amounts while finalizing audit numbers for the uplisting?
Does anybody here have specific and recent experience with a company completing their audit via SEC and SOX regulations in order to become reporting and to uplist to the OTCBB?
Are there SEC regulations prohibiting contract revenue numbers in PR's while in this phase?
Rook, I feel and hear your frustration with the PLNI silence and in contrast the amount of hearsay from the boards. This is a test of patience at it's best.
Laptop, what do you have for us? Any DD?
GREEN! What a concept!
Rook, I only have nine posts left but I will use one to say that I did not mean to imply that you were bashing at all.
You are just saying it like it is and I don't have a problem with the truth. I listed some of my assets just to make a point to the bashers who think that scare tactics and pessimistic opinions work; they don't with me. My point is that the company is a startup. The latest business plan is dated 2005-2008. JT has been around for supposedly 17 yrs, but accomplished DOT, green plastic company, etc. Now he needs to implement products and services leveraging those ideas and ideals. The milestones to get there will take some time i.e. probably years. By then the pinky bashers will be long gone and a distant memory. That said; I am long on this and hope for PLNI's best outcome.
Braden, agreed! May need to buy more myself.
Rook, Semco's marketing campaign will fix the ludicrous "backyard pool image". It's why the marketing campaign was announced and planned. This isn't directed to you Rook. It amazes me how many people on these boards know its a pink stock i.e. a start-up company for all practical purposes. Yet; they imply that all the business entities i.e. marketing, sales, operations, financials, etc should be perfectly in line with the business plan and business development.
It's globally implied that the PPS should rise daily which is also ridiculous. This is why we get it for subpennny; right! When the above takes place and its a fine running oiled machine then we get Nano's buck! The minute by minute, day by day basher, PPS moving comments are meaningless to me and will be in the long run. I follow the stock and will sell my 2.8mm shares in 2009 when I am 50 years old and retired or I will lose my $20k and retire at 50 anyway. Do you get it shorts!
Shorts, what's your net worth? You make it sound like me losing my $20k would be a big deal to me. I own four homes, make in the six figures, and don't give a sh't what you say! But if you know something that hasn't been made public and want to insinuate that it is doom and gloom and the doom and gloom comes and you have sold well before; then go ahead and implicate yourself. Big threat!
Past PR's and credibility issues have been rumour'd. That said; I would think that acting and proving out a milestone like a buyback and having a website make it public would be better than
another PR. Anotherwards; "show us the money", then announce it in a PR. JMHO.
I believe buyback is in process and will be reflected in the new numbers on Pinksheets. JMHO!
keywester, if my guess is correct then I envy where you live. In respect of your background; can I stay in touch via the board with questions when needed? What is your opinion of the current situation i.e. OS, buyback, etc?
Just for this boards knowledge; I am a former co-worker of RRM's. He is a retired electrical engineering manager and I am currently a mechanical engineer for Raytheon. We are required to take courses in integrity, ethics, etc for the US government. He is not a pumper, he owns many shares of PLNI, he has not sold one share and if he did then he would tell me. All the b'llsh't out on RB is incorrect and wrong about the guy, he does great TA work, he has done some great DD on this company and he is being singled out as a "a pumper" for the bashers benefit. Rick is one of the only traders here fighting the good fight with them. I know the above for a fact. I believe Rick's words and would never believe these others who claim to be correct with information that they posted knowledge of two months prior to it being posted publicly.
Now for the folks I don't know; why would they hold onto the OS info if they were true friends of the boards? Those are the people that ripped us remaining shareholders off. We will hear from the company when they are ready. I would listen to PR's and people claiming to have visited the companies before any of these other people. Only makes sense to promote good will among fellow shareholders, to increase moral, to increase buying spirit and get the PPS higher, not ruin it which others try to do. I would never trust a person with that character trait. Basic logic; why would anyone come to a board to bad mouth the stock or management constantly if they owned it and had an interest in it? All us longs know what's going on; we don't need to be told the obvious. We are waiting for the company to speak not to be spoken for by idiots.
An individual trader can't "short" a pinky stock; only MM's can so why bad mouth it. It's self destructive, it's contempt, it's lies. What type of integrity do these people have? There vultures and there is no way I would sell a stock on their advice or DD. What are they doing us some sort of public favor? I don't think so for who the "F" am I and who the "F" are they to each other? I am my own man and I make my own decisions and I don't listen to 99% of the crap posted on internet message boards. It makes for good entertainment though; kind of like watching Lucy, Ricky, Fred and Ethel argue i.e. a good comedy!
Rook, what is the hidden clue?
Rook, Are you getting out with a loss? If so; why?
I don't need to know your personal business but after all this time it maybe worth sticking around a bit longer. I went from up $8k two weeks ago to down $3k today if that makes you feel better.
I am holding in hopes that the past PR's aren't all BS and were truthful in the long term. I believe the PR's will prove themselves worthy of the wait. I am averaged in at .007 now and I'm not far from even with a few ticks upward so my odds aren't too bad. On the other hand those waiting to see .019 to break even maybe freaking out a bit. I have been down as much as $6k in the past and held on from there to see the above green of $8k when we went to the .0109. I am long so I don't take profits but someday I will and I hope they will be worth the wait. If not; well then that is my calculated gamble and risk and I will suck it up. I would not bail at this point in time. I will stick around until after the second quarter and if none of the buyback, audit, and uplisting milestones are met by then; I will hopefully bail somewhere even or above .007 and call it a good lesson in pennies. Otherwise I could make a fortune. Your thoughts?
Just got off the phone with IR. Rodney was out. First thing they felt like they needed to say was "I am not promoting the sale or purchase of any security". No kidding!
It was the same old stuff and talk of the obvious. I was calling about the lack of the January annoucements. They said "dates must of slipped on those announcements. They are anticipating more PR's with no specific dates of course. It would be illegal for them to tell me when a PR was coming out, whether tomorrow or any other time. Basically I felt like they didn't have anything of value to add to my existing knowledge of what is going on.
Taki, I'm a newbie so what happens now when the MM's have shorted 168 million shares averaged at .0075. They need to unload them all below that price first before we move up? Thanks!
IR said that the buyback would be happening throughout Febuary! They maybe on track IMO.
If we maintain these levels and go beyond with all the OS scare,
basher crap, and MM manipulation then this is rock solid for the long term. Long term could translate into a few weeks for a massive recovery. I can't think of a better test other than this OS issue. I was reading the boards all night last night sweating today's action. I am red by $3k on my $20k investment which is nothing. I thought it was going to be a lot worse than this. I am still very confident after witnessing how this is holding up. If JT wanted to get this green "just for today" all it would take is a PR but he has better things to do for future growth.
Zoro, thanks for the DD. Did you talk to Jackie personally?
Two weeks is short term in the scheme of things to come.
They increased the OS without our knowledge do why not the buyback without our knowledge. Maybe the buyback has a trigger date in place or it is in progress. Many tricks could be getting played in our favor. They will do what is best for the
business first for long term growth, then second what is needed for investor relations and confidence. I think they need to communicate more effectively and follow through.
My opinion is that during the acquisition changed all milestones for the audit, buyback, OS, etc. Management knew that Promolds and Semcos projected revenues needed to be in the audit numbers for the first quarter of 06. My guess is they also knew that the numbers were so good that the increased OS minus the buyback wouldn't matter in the "long run". They know the strategy they are using will increase share value for the "long term" investors eventually and new contracts will settle it in the .05-.15 range. From then on contracts and uplisting would keep it there and increase it well beyond. I want to see 2006 Q1 audit numbers vs 2005's numbers. Patience; not that I have choice with today's PPS; huge F'n loss if I sold today!
Decided to hold my 2.8mm shares. Buyback, Audit, Uplifting and this will be history. I've been in this for 8 months and have been down $6k before while up $8k when we went to .0109.
Suck up the emotions and hold your ground.
Braden, without news what is your prediction for tomorrows PPS.
OT:KG4, You will be just fine! My father just had a quadruple bypass and is recovering just fine. He is 70 yrs old and had a gall bladder compication to boot during the operation. See you when the PPS is .10. God Bless! DTL
Braden, look at pinksheets.com and the company info tab for the latest O/S and float. What is your opinion on this and
your play on it as well?
Experienced ones i.e. Braden, what will these new
O/S and float numbers do to the PPS tomorrow?
Thanks in advance!
PLNI did not give an audit completion date for the end of January. Below is a cut and paste from the Dec 30th PR. Read it closely; PLNI state's in it "there will be announcements regarding the share buyback program and the audit coming in January of 2006 ". ANNOUNCEMENTS REGARDING are the key words. They don't promise completions of either of these milestones. They only failed on providing "the January annoucements regarding the buyback and audit"
The definition of announcement is "to make something known publically" so maybe a better phrase would of been "update" as to "update the public on the share buyback program and the audit".
"In addition to this the Company will be initiating a share buyback program starting early in 2006, designed to significantly reduce the number of issued and outstanding shares and to better reflect the earnings per share. As well we are completing our audit in order to up-list to the OTC: Bulletin Board. There will be announcements regarding the share buyback program and the audit coming in January of 2006.These events will drive growth and profitability for the Company and should be reflected in the value of our stock as we move forward into an exciting new year," concluded Jim Turek, President and CEO of Plasticon International, Inc".
I don't need to hear words on the phone from IR to believe PLNI is legit, profitable, or will be successful.
KG4, I know you and I and others are long and on board with this company. As you mentioned; CEO's and IR folks can "pennyland BS" with the best of them but not in this case! Having some trust in some fellow shareholders, knowing how they post their thoughts and findings after eight months of being on board, websites, some common sense, some trends make's PLNI's success story come together enough for me to believe in them. I've been a successful mechanical engineer for 28 yrs. I've consulted for forty different
US manufacturers, I have designed plastic parts and I have specified chemical finish's as well. The DOT approval is there, the product's are there, the distribution is there, the management is there, orders are coming in and I am an optimist by nature. Bashers can go to hell because I stand on my own conclusions and objectives with my 2.8mm shares; all green. All of us only have so much proof in pennyland anyway until the numbers come out and the SEC gives it their stamp of approval. THIS COMPANY AND STOCK ARE GOING TO FLY AND THEIR SUCCESS STORY WILL BE ONE FOR THE HISTORY BOOKS! PERIOD!
I need to become more proactive with my DD. I have never tried calling IR or any of the companies so I have never said that "they don't return my calls" because I have never made a call for them to return. I've only been trading pennies for a year and need to get on the phone. I work a 9-5 job so I rely on the internet DD and try to keep my daytime calls to a minimum. I will put a call in soon and get my own feedback. Especially if the buyback PR continues to get delayed. I agree with your statements though and appreciate your feedback. I also sense and relate to your frustrations.
KG4, Thank you! Great post!
The pinksheets information page that was "expected to be updated" as posted by the bashers yesterday reads as follows today:
Authorized shares: 5B
Outstanding shares: 2.3B
Current Float: 690M
Also, several others called First American Transfer (602-245-5252), the TA for PLNI. They confirmed their policy to pass all queries along to the issuer, and not give info on A/S, O/S, and Float ON ANY OF THEIR STOCKS.
That is important since the bashers stated that they had called the TA and got a 3.7B O/S number from them. That was a fraudulent and misleading statement. Shortsinthesand and Yardslave posted that data on RB. Futher the bashers implied that the comapny had "gaged the TA" and that was a "red flag." The company gaged no one. The TA policy trancends the companies involved. All companies registred with First American apparently receive the same treatment.
Rook, did you contact IR yesterday and get anything new?
TAKI, .0076 and all over the map. Is this an example of MM's covering their shorted positions? Can you explain in layman's terms what is going on when the ask bounces like this?
No misleading or false PR's. IMO a CEO is responsible for promoting his company and recruiting "long term" shareholders. They are protected by the safe harbor act for forward looking statements. I believe JT is an honest man who ran across the Promold and Semco acquisition opportunities around the timeframe he wanted to audit and uplist last summer. Since then he has been very busy and very successful with the acquisition's and their milestones. SOX and the SEC have put relatively recent rules and regulations in place that maybe he was not aware of so he was ambitiious a couple of times with the PR's. Lawyers or consultants also may have been on a learning curve and misled him. The share buyback's number of shares to retire, their cost, and how to implement it probably is dependent on the audit numbers. The uplisting definitely is dependent on the audit. The legal and regulatory matters to accomplish the audit and uplisting is beyond my comprehension and probably many others. There are very few on the boards I read that provide quick answers to these SOX and SEC regulations without some DD and web search's. I would rather the audit and uplisting done correctly then to come back after the price skyrockets and then suddenly tanks due to an oversight because "shorts" and some others were in a hurry. All the above will happen. If you don't like PLNI's or JT's timelines then sell. If you can't afford to sell because of stupid decisions along the way then grab your b'll's and suck it up, and stop your whining. The rest of us are stock holders and want to do well in the long term, not deal with whiners and bashers.
Verylong; excellent reply to shortsy and on the money! No pun intended!
Braden, refer to my post #6602. Take it for what its worth but supposedly it comes from IR via a call from a poster.
Taki; I've only been doing this for a year. Started last Febuary and have owned about five pennies in that time.
BHLL which was scammed by a promoting website, was up $6k and then it tanked in hours and I left with a loss. HKBV which I made money on but it's too slow and without volume, etc.
I carry 2.8mm of PLNI now and luckily I am up and getting very excited over it's potential. Doing lots of reading on the penny subject and learning from experience without any "hurt" so far. Not to shabby for another rookie! Maybe I should
re-handle as "RookieII" but that wouldn't be fair to "Rookie"!
GLTA
Good for you Rook, TAKI picked up some cheapies as well as others. I was on the road when all hell broke loose. This stuff can move fast aye! I purchased yesterday with another $6k @ .0086 averaging me up a bit from .0064 to .0068.
In hindsight I should of waited for today but thought if we had the big PR buyback/audit news this morning it would fly and I would be stuck with a much higher PPS. Anybody know a good psychic or own a crystal ball?
TAKI, I agree .10 but I was being conservative; management told a reliable source of mine as much as .16 in the short term. We need the financials to ward off the MM's and bashers which as you know are coming soon. GLTY
This stock is worth a nickel or more already! Regulations and paperwork is understandably holding it up. Anything below the .01 mark we reached last week is making me frustrated because it all seems like manipulation from the "naked eye" not the company's true value and EPS. Here's an analogy: It's like my house was robbed of literally $5k but the a'holes i.e. MM's basherss, and other websites; brought "some" of the merchandise back and apologized. Problem is there is nobody to call the police on or arrest. Thats ok because when I have gains in the six figures I will visit the c'suckers in jail and rub it in their faces! "It's a beautiful war"!