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Yes. I only care about financial numbers concerning their current business. See post #2920 for my questions. Any info would be appreciated.
thanks for the info
Harr,
How do you know this is the same Rob Lott associated with Plugins?
It might be a new business model (the 4th so far) but you have Mr. Bain as the new co-chairman of the company. The top level. So a 'new' start. That seems a stretch. I can't seem to find anything on this company at all. Frugal says its easy to find on the internet.
Yes Frugal I did know they were not public that is why your statement about the decent business from what you could tell prompted me to ask about the information. I'm not sure why you gave the sarcastic reply to me. I was just asking for information.
Frugal,
Sorry. I thought you said they had decent business from what you could tell? What are you basing this on if you don't have any information? I'm a little confused. I wasn't trying to imply anything. Can you summarize how you know about there business with no information? Thanks
Frugal,
You seem to know about the company. Can you give me a quick rundown. What are there 2006 revenues (more years if you have it), debt (long and short term), assets (current and noncurrent). Also if you have it handing the NI for the past couple of years And there current cash position. Thanks for the help
Why would anyone buy this stock. There is no business to buy.
These guys have essentially sold or traded for services 1 billion shares of stock and have ended up with a company without any lines of business and no assets. Where did all of the money go? To pay salaries and bonuses to a few executives?. How do you operate a company for years and end up with absolutely nothing. How much did they blow thru over the years? And you guys are still trying to find positives here? Unbelievable. And Mr Bain is going to be Co-Chairman?
Frugal,
Just copying and pasting definitions is useless unless you try to analyze why companies are doing things. What is the purpose of a company going public? To raise capital. That is exactly what is going on here. They are going to reverse split your shares to increase the pps and then they will start issuing shares like there is no tomorrow. They have those 5 billion shares there for a reason. Of course they want to combine with a public company. Have you ever been at a company that went public? The SEC scrutiny and transparenece associated with an S1 or Form 10 filing is tremendous. Companies like this do not want that kind of scrutiny. Watch for the huge share issuance. Your shares price will be back to sub sub penny in no time.
For companies like this a smart investor should ask themselves does this company and situation pass the smell test. Don't listen to what mgmt is telling you. They will paint a rosey picture to sell stock. Thats been the problem all along with this mgmt. They completely change their business and tell investors its going to be much better going forward. Did the laundry business look right - NO. Does a business running to PLKC look right - NO. Where will the funds come from to pay the new mgmt?
Oh thats a great idea. Ask these guys why they are combining with an outfit like PLKC. That would get you the standard corporate line. If they had a legit business with any type of prospects they would be on their own or combining with another legit business. For goodness sakes this company was most recently a laundromat. And I don't think the laundromat was even open at the time. And what was scarey is the people on this board were trying to spin the laudromat into a highly profitable business venture. On this board if mgmt says its good thats good enough for these people.
Actually its a heck of a lot to ask. Any business that completely changes its line of business should be viewed with extreme caution. AND THIS COMPANY HAS CHANGED 4 TIMES. They issue millions of shares to consultants who do absolutely nothing. Have no visible source of revenue. Pay executive who produce nothing. Everytime they change business people here seem to see some possitives in this. Can someone explain why this company is getting involved with PLKC. I for one cannot see it at all. Unless its the thought of issuing millions of new shares for a nice big salary. Why do you think they are combinig with a company we does nothing for a business?
If these guys are suposedly so good and have such a good chance of making revenues to cover their salaries why are they joining with such a horrible company as PLKC. PLKC currently does not even have a business they are in. They are just a shell company. Why don't these guys stay on their on. If I had a legit business I sure wouldn't get mixed up with the likes of PLKC. Would you?
I totally disagree. That is exactly what they want (and have) to do. They are going to reverse split this thing to get the pps up and then they will issue millions and millions of shares to try and get funds. How do you think they are going to pay the big salaries to the execs. Not from any hoped for revenue. You watch within a few months the pps will be exactly where it is now or lower (if that is possible). you are still thinking these guys have the best interests of shareholders in mind. Think again
What kind of shape does a company have to be in that they are combining with a company as horrible as PLKC? Geez this stock is a .0005!!.
I would be willing to bet if you can see the salaries of the executives in the filing it will far exceed any revenues this company can hope to generate. And that is just salaries not operating expenses.
Congratulations HARR
I looks like you finally got the board down to just you posting now. You are officially a board of one. Nothing negative about this company now on this board
Yeah sure HARR.
Just like the big profit that was going to be made from the laundry business they talked about. And the GPS business and the Satellite TV business.
As far as the people posting about all of their great DD they do. The DD on this company should have taken all of 2 minutes. It would show a billion shares os, no revenue, multiple business lines and handing out millions of shares to consultants who did nothing. End of story on DD.
Like I said before IMO this company exists to provide salaries for a few employees and their friends. Not to make a return for shareholders.
Will this finally be the year all longs will be forced to recognize their losses for tax purposes? It appears so. This is the 4th time they have completely changed business lines. Huge reverse split about the happen. PPS about as close to zero as you can get.
HARR:
Who knows. Might just be all together we have a good Karma and this company might just make something out of its self. We may all bicker and snap at each other from time to time. But who knows maybe thats what makes the board work. I honestly hope everyone makes some money here. Maybe this is the agreement where they turn the corner.
Thanks. Thats all I was asking. Didn't understand the post.
VALLEY:
That's great to hear. Everyone has been waiting for a big move in this stock. What are you basing this analysis on? I notice you post this same message on other boards about PLKC. You must have some type of info on this stock in order to keep posting this. Is it their lates business model that has you so pumped about the company? Could you share with us. Thanks in advance.
I remember your posts on the raging bull board. They were equally informative
Maybe I just don't see what the post is trying to say. Is that a link to a solicitation from over a year ago? Or was there something in the link I missed. Thanks
I wouldn't waste my gas money to check on that company
Harr
Except after this latest change their source of funds has finally run out. It would be almost impossible to raise any new funds now
Making:
That is a good point about companies completely changing their business models. And this is the 2nd time this company has completely changed theirs. Satellite TV to GPS to Laundry. It just doesn't even sound right when you repeat the list.
ICUR: Why don't you try to make some comments on this company and their business instead of attacking people. Do you ever try to make constructive posts? They can be either pro or con on the company. But just try and say something useful.
What do you think about their new line of business for instance? I will wait for your responce
I agree. Harr an Icur initiated the RB posts first and I just felt compelled to respond.
ICURNONITTWO: THIS IS WHY!!!
Here is one of your typical posts on RB. You and your buddies were disgusting. I wonder why you and some were TOS'D
EVERYBODY PLEASE READ THIS RB POST
By: icurnonittwo
25 Sep 2006, 10:14 PM EDT
Msg. 49437 of 52035
(This msg. is a reply to 49436 by mrbig481.)
Jump to msg. #
mrbig481
LAVA, and his virus buddy herpes,
and now his BUT T "#### drip",
will bash you for such a post. lol
GOOD TIMES AHEAD (confirmed)
Harr - concerning the "big news"
I will concede that it was partially correct. The 'big news' coming was 1) issuing millions of shares to consultants who did absolutely nothing, 2) possible huge reverse split, 3) abandoning the gps business to get into the HIGHLY PROFITABLE
laundry business
Harr - False info
From what I remember about the RB board is that it was infested with people posting false info(Both pro and con). Even one of the current posters on this board posted that a contract had been signed with homeland security for 20,000 gps units. That was a total lie. And the one guy who kept posting about "big news" was coming. That guy was a total joke. The got tos'd for good reason a dozen times
Harr,
I simply enjoy following stocks. Where does it say you can't follow stocks unless you buy or short them.
What big news do know about? or was that spam
Oh Comeon Harr,
Come on Harr. You keep saying you were TOS'D for posting due diligence. Raging Bull does NOT tos warn or tos posters for pure due diligence. If that was true almost everyone would be TOS'D. You had to have been posting spam.
Harr,
So what you are saying is that since traders know about this that noboday will trade this stock anymore. Why sit and watch your money go to zero. That doesn't seem wise at all. You guys talk about your DD but you just sit and watch your money go to zero. Why?
Since when is the only way you can follow a stock is to have to purchase millions of shares? You can only comment if you are an owner? You're problem is you can never take someone who criticizes your stock.
If I recall you were the only one who left that board. You kept talking about arguements you were having with the mgmt at Raging Bull. You were even calling them on the phone. I never reported anyone. I could care less about what a person has to say. I might challenge them but I wouldn't waste my time reporting someone. You were the one calling and sending emails to Raging Bull. You were the one whom seem to take it personal.
Harr, so you are saying that since there was no trades yesterday that means there are no new consulting agreements. Does that mean that the ONLY people trading this stock are the consultants. Even the daytraders are not touching it. When the daytraders don't touch a sub sub sub penny that is a bad sign.
Hi Valley;
Nice to see you again. What do you see coming in the future for PLKC. You seem to think its about to take-off. Thanks
Harr:
Why do insist on demeaning me. I just asked you a simple question based on your post. Why don't you just answer me instead of insulting me. What does no trades have to do with no new contracts. TIA. Try to keep it civil