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"We know that right after this PR came out on August 24, 2005, the contract with BlueLinx was frozen due to faulty product produced by PLNI.
Everything changed when this contract was frozen. This contract is massive, and quite frankly, everything to PLNI at that time (before ProMold and Semco acquisitions). This contract being frozen was devestating not only to anticipated revenue growth, but it put them in a situation to where they had no additional money for anything, including the share buyback that was approved by the board several weeks earlier."
If this is what happened, it's an indictment, not a defense, of PLNI. The company never told shareholders about that situation. Instead, they allowed everyone to believe a reduction in shares was still under way. Really, one of the strongest slam-dunk valid criticisms of PLNI is their statements all through 2005 about reducing the share count, while they repeatedly dropped dilution bombs into the market. All the PRs are still there to be examined with amazement. Lay them side by side with the increased in authorized, outstanding, and float, and you have a textbook case of deceiving the public. Whether it merits any legal liability on the part of PLNI I have no idea given safe-harbor statements. But the meaning was clear, and it was the opposite of what they were doing.
yep, gettin old.eom
Yesterday's news today. This was part of a series of PRs that oddly included no information about revenues. Well, maybe not so oddly. And a classic of hype in its time--the surface being covered was located in a very tall building.
Keep up the good work. We look forward to your posting whatever the company put out in February.
tks, i had lost track of that date.eom
man, the gravitational force of the extremely low .20's is incredible with this stock. We just can't seem to pull away from it.
Posting almost to the point of obsession?
Hellooo!
You're conducting a nonstop barrage here and making cameos at SI and who the heck knows where else. I mean enjoy it, dude, but kettle, meet pot!
Oh, this is too funny--same message at SI
http://www.siliconinvestor.com/readmsg.aspx?msgid=22595659
One last thought.....
Why is it that a poster on this board constantly posts 24/7 bashing the company....I mean, almost to the point of obsession....
OT: Interesting OT post. Northern Pennsylvania has many towns with French names, pronounced in our own lovely English way. Versailles, Dubois, etc. etc.; people passing on interstate 80 will see many of these names. I believe most of this dates to the era of French trappers. Some of these towns were extremely isolated and I've read that some were populated by descendants speaking the old French dialect until quite recently (it may still continue in rare cases). I had not heard of Azilum though.
Thanks for the post and a Happy Independence Day to all!
It means nothing. The quotes that remain after the close of the market and for sometime before it are outliers. On the services I use, I don't even bother checking until 60-30 minutes before the open. By that time, the for real bid/asks are usually rolling in.
I'm not questioning him because I don't believe he's the one who first accused anyone of being inexplicably obsessed about PLNI.
Cheers, I truly hope everyone makes money one way or another.
um, you've posted like 25 times since June 28. Why do you care?
All that matters is the quality of the info. Long, short, hold, don't hold, doesn't matter. Shorters and non-holders may want it to go down. Current longs want it to go up. Big revelation there.
Quality of the information provided. Everything else is hamburger helper.
I "voted" for him--maybe my opposition to pom-pom boards was too subtle for the cheerleading moderator.
there are pom-pom boards out there if you want them. Not this one.
okay, just for the record, what the heck kind of bid is .2311?
Happy July 4th to all Americans, thumbs-up and a good beer for everyone else.
nice push at the end of the day/eom
Thanks much! I believe Dante described the Circle of Hell we're inhabiting right now as "Sucking Much Less." Onward and upward, and again sincere thanks for the chart.
So chart guys, would this put us out of the evil downward triangle of hell?
Yes, that's a nice way to start the day.eom
.224 X .224. Pretty thin spread.eom
OT: Nice work there, Pamplonan. You must be a fan of The Da Vinci....Qode.
Sorry, couldn't resist.
yep, that's what Beacon said. Didn't sink in everywhere IMO.
Let me politely suggest some people are making the trademarked name "qode" a lot more complicated than it is.
From today's pr:
"The original name, PaperClick, made a lot of sense. You would embed a special code into any 'paper' document, use a device to read that code, and with a 'click' take the person to the Internet where a lot more information could be found relating to that document. With the proliferation of mobile devices and applications, however, this technology saw its market potential move well beyond its original application and name.
"Now," he said, "with our strong Intellectual Property portfolio and our increasing ability to scan all kinds of codes, we are setting out to create a Global Industry Standard for direct-to-mobile-Internet connectivity, so a powerful, assumptive, high level brand-name becomes not only desirable but necessary - and qode really delivers the goods. The fact that NeoMedia already owned the trademark rights to qode from a previous business transaction made it a natural choice."
It's a thoroughly researched trademark name they already own that makes sense for this next step. That's all. IMO.
nice research by edoq by the way
I'm underwater, to put it succinctly. I don't short stocks.
well, i bought some at .40, so if it ran up to one dollar, I'd sell as quickly as I could get away with.
No offense, but I'll guess I ain't alone on that one.
Amen to that. The high seems to be based primarily on hope, and more power to all of us on that account. Meanwhile, unless my streamer or my calculator deceive me, NEOM's volume after more than an hour of trading amounts to a gargantuan $10,000.
Congrats to all longs making money today.eom
Six billion preferred?eom
A guy who doesn't hold stock is criticized for trying to drive the price down by saying negative things.
Another guy who does hold stock is criticized for trying to drive the price up by saying positive things.
The most worthless piece of information you can have when trying to assess what some poster on some board says is whether they own the stock. The only single thing that matters is the quality of the information and analysis they provide. The rest is filler, and I grant some people enjoy that.
ed, yes, it was .45. This is a silly question; any chart that goes back far enough will show that.
Ignorance is not bliss in this case. Sometimes the truth hurts, and even though I agree some of the negatives have been repeated a bit much, it certainly hasn't been any worse than the nonstop cheerleading.
Lord help new investors if this turns into a pom-pom board.
jim, I'm familiar with the article, and others of its kind--worthy on its own merits. But it's also the kind of story routinely trotted out when longs are watching their pps collapse. In fact they have been trotted out for more than a year now.
Occam's razor very nearly applies here. What is the most obvious explanation for a price collapse? Massive dilution plus what can be construed as fraudulent statements do the trick quite nicely. These are not theories; we can all quote chapter and verse based on public documents. There is no need for manipulation in this case.
Of course I am in no position to know whether manipulation has or hasn't taken place. But when I see an arsonist throw gasoline on a house and set it on fire, my first reaction isn't to wonder whether the owner fell asleep after lighting a cigarette.
But thank you for your civility, I appreciate it.
You are mistaken, rrm. Plenty of rational traders agree with my analysis. Plenty of other rational traders agree more with yours--that manipulation, combined perhaps with innocent mis-steps by PLNI, is most of the cause. How they could draw that conclusion is beyond me, considering the explosion in shares masked behind statements about, er, reducing shares. But I know some people truly believe that.
The difference between you and me, however, is that I find no need to personally assault people who have drawn conclusions that vary from my own.
jim, there's always the chance of manipulation, but as a longtime observer and onetime sorry shareholder of this stock, most of the pps collapse can soundly be attributed to dilution and what a normal person would regard as fraud. Legally, I don't know if it would qualify. But when a company explodes shares while saying it will reduce them and loses money when it says it is making it--well add that to the dilution itself and we need no manipulation conspiracies to explain the current price.
Dept. of Yikes: A little SEC action. From page two of the latest document:
"The SEC is conducting an informal inquiry into Plasticon International. Plasticon International
Inc. has no legal matters pending with the SEC and is voluntarily cooperating with the informal inquiry
so that a resolution may be completed as soon as possible."
https://www.otcstockinfo.com/repository/671/671_FR17.pdf
(Update--sorry, lem, didn't see your post)
http://www.investorshub.com/boards/read_msg.asp?message_id=11682202
OT: Props for your amazing mental abilities, moderator. You managed to delete posts yesterday from posters you said you'd ignored. Well done!
Now if only you could delete PLNI's pps!
well this is an ugly morning/eom
thanks for this discussion/eom
I heard that at .008, .007, .006, .005, .004 and now sub-.003. Eventually you may be right, hopefully not at .0001.
Very reassuring after flirting with 19-point-whatever.eom
Yikes, and we're up 8%/eom
A bid/ask spread of .2001/.201. Now that's a new one.