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Harassing JT or any other the other company officers won't accomplish a thing. I've tried reaching both of the Turek's by phone at the business number without any success but I wouldn't want to bother either of them at home. I do believe a small company with 10,000 shareholders could do a better job at IR/PR than they have done and I also believe that every penny they've spent on Big Apple has been wasted.
I also can't understand why a company with factories in Nevada and Missouri has its corporate offices in Lexington, Kentucky.
Sometimes I find myself agreeing with both sides. I've been long in PLNI for 18 months now and I still feel that this will be rewarded but I have to admit that JT doesn't make it any easier. Hopefully good news will come out of this industry show and likewise, maybe they are holding off on the financial reports until they get the 10-K done. SOX is driving everyone crazy so it doesn't surprise me that small outfits like PLNI having problems.
Ric - Once again we see a major volume day for no discernable reason. I've heard a variety of explanations for this from the possible fact that the MM's are trading shares back and forth to the possibility that PLNI managment is quietly using this low price level to accomplish the promised buyback and retirement of shares. I seem to have read somewhere that there has been a significant shrinkage in the number of shareholder although I don't believe the numbers that I read.
I've made attempts to contact both company management and the PR firm and have gotten nowhere. I don't know if others have had the same result but I think a lot of us positive longs should get together on establishing contact with management and press them for some answers. JMO.
This is a golden opportunity for PLNI to upgrade their status, and, hopefully the share price without having to do anything much more that it would have taken to get listed on the OTCBB. If Turek lets this one get by then he's either a crook or a damn fool.
Seems like Santa got stuck in the chimney.
List For Santa Claus
When we check our stockings with care lets hope we find the following items in them for next year:
1. A new major client to replace Bluelinx.
2. A major buyback and retirement of shares by JT.
3. Completed 2006 financials.
4. Uplisting to the Bulletin Board.
5. More news from China regarding Semco contracts.
6. Continued profitable operations at Pro-Mold.
And a ho ho ho to you.
Merry(Politically Incorrect)Christmas to all.
Any firm reason to believe that the buyback has started?
Chopper - You might try deleting messages from bashers instead of ones from committed longs who have been posting to this board long before you ever arrived. I offered a suggestion for clearing up a board problem. If you don't agree be man enough to say so and maybe we can reach a consensus.
DK4 - Maybe you could do better. Why don't you try making a few calls and see what you can come up with.
Update on Bluelinx Situation
This morning I attempted to contact Jim Turek, Jr. at the number listed above and I got an answering machine. Since I don't talk to answering machines I then called Big Apple Consulting to talk to Andrea Cox who happened to be at lunch but I did get a very helpful guy named Bob Deakin who listened to a number of my inquiries and also put me down on their email list for Plasticon.
I then called Mike Thornton at Bluelinx at the above listed number and he informed me that he could not discuss the situation and referred me to the corporate counsel, Bob Penman, at extension 37578. Mr. Penman wasn't in both times I called and I will try again tomorrow.
Obviously, it is in everyone's interest to have the truth come out on this matter. I also don't think it's very professional for our marketing director to have an answering machine picking up his calls and I passed that along to Big Apple.
Ric - I think it would be safe to say that we are not going to see any significant developements from PLNI between Thanksgiving and Christmas. Hopefully, JT will have some news for us after the 1st of the year. In the meantime it looks like the S/P is sliding down again and probably will bottom somewhere around .0006. Maybe after the 1st of the year it might behoove some of us with large positions to get together and try to open some lines of communication with this company. I believe it's still permissable in America for the owners of a company to demand answers from the management that works for them.
Rick - I fully agree with your comments generally but I think it's getting to be the time we stop playing "Rodney Dangerfield" and start getting some respect. I still have trouble believing that PLNI is a sub-penny stock while a lot of these empty shells on the Pinks and the OTCBB are selling much higher. As you mentioned in a previous post JT has had to sell shares to raise money and he could raise a hell of a lot more if we were selling at a higher price. I know the SOX requirements are expensive to complete but it seems that it would be in our best interest to do so and get the S/P moving north again. JMO.
Ric - Got an email from Jim about a week ago. I know he's still involved in the consulting job but hopefully he'll have some time in the future to help us interpret the 3 quarterly reports, if, as you say, they are probably close to being released.
Ric - Do you have any idea why the 1Q numbers released yesterday haven't been released on a PR? Also have you heard anything from
JSL?
Ric - Will this get our application to the OTCBB approved?
Thanks. I got it to come up.
Apparently that URL is no good.
A poster gave this url:
https://www.otcstockinfo.com/repository/671/671_FR18.pdf.
I Repeat-Where Did Homoerectus get those numbers?
The numbers in post #18703.
Where did those numbers come from? I can't find anything on any of the websites.
Ric - That sounds ominous unless you mean it might be better than we expected?
Ric - Wouldn't this be a good time for someone to whisper in JT's ear about releasing the 1Q and 2Q reports? Just a thought.
Ric - JT and company need to hear more from you and JSL on a variety of subjects. I often wonder who he actually is listening to. I got a couple of emails this week from JSL on this subject and I look forward to him coming back and taking a more active interest in events.
Borris - It's good to know that the technical indicators favor a rise in the PLNI S/P. As I've said many times on this board and will repeat again, despite whatever problems PLNI may have, it still is head and shoulders above most Pink Sheet stocks. Most pinkies are shells with imaginary products and big FUTURE plans and no cash flow to speak of. PLNI has employees, factories, products, clients, and a track record. Again, I'm not comparing us to Microsoft but compared to most pinkies we come out way ahead. There may be a few bumps in the road ahead but I think we're on our way.
Just A Thought - If JT were to release the 1Q and 2Q reports tomorrow morning wouldn't that be a pleasant surprise for all.
Ric & Key - This morning's has to be some of the best news we've had in a while. Ric - I've been in touch with JSL by email lately and I'm sure you also have that capability. He hasn't been posting lately but he does respond to emails. I'll be very interested to see what he thinks about today's developments. Key, I never said that I know Jim Turek or that I've been in touch with him. Jim and I both worked in contract administration at Douglas Aircraft back in the 60's and most likely I would have had some business dealings with him but I don't remember him and I'm sure he doesn't remember me. I sent him a fax many months ago naming some of our former supervisors at Douglas that he would have remembered and I congratulated him on putting the PLNI operation together but I never go a response. I'm sure he gets faxes and emails all the time as we have over 10,000 shareholders. I hope JT has more good news up his sleeve now that it looks like we might be moving.
Key - I believe that last post I made on this board made reference to the fact that the price was holding in spite of low volume. I don't believe that comment would qualify as spam, however, if you want to keep everyone strictly on topic I fully agree with and support you in that. I assume you are referring to discussions of share prices and volume as off topic. If so, let's make that the rule and enforce it for everyone.
The price is holding up on light volume - allways a good sign. I thought I saw somewhere that there were 2Q figures available. Anyone know more about that?
Ric - I thought I would run this past you and since I don't have private posting here goes. I've been communicating with Jim by email as I'm sure you have also. We've been discussing the latest developements as regards PLNI and the shorting situation. I would also like to hear how you feel but not on this open board. Let me know and I'll give you my email address.
Key - I fully agree. I'm looking forward to the reaction JT's letter will create. I've been accused of pumping in the past but I firmly believe this is a real company that has been unfairly criticized and attacked by unscrupulous elements in the investing community. I think it's part of our job to get the word out on the other boards to bring the S/P back in line to where it should be. I could point out many instances where pink and OTCBB companies had runups on little more than hype. I know because I made a bundle on HISC after the London bombing. They're back under a penny. I keep stating to the board members everywhere I belong - PLNI IS FOR REAL. IT'S A REAL COMPANY WITH PRODUCTS, EMPLOYEES, CUSTOMERS, MANUFACTURING FACILITIES, AND CASH FLOW. Get the friggin word out and maybe we won't have to worry about the NOBO list any more. JMO.
I was VERY specific in my questions to Scottrade and I printed out the literal answer I received. Therefore either they are flat out lying to me or you are mistaken.
Spoke to Scottrade. They charge $50 and say 2-3 weeks for delivery. They also stated that not only is naked shorting against the law but that it is not allowed on stocks under $5. Their policy also is that only shares that have been bought on margin can be loaned out for shorting. Any shares bought for cash can be loaned out. I did not get into whether or not other brokers have this same policy.
Let's get behind Jim on this and see what we can do to combat these thieves who have been stealing our money.
For the time being I'm going to credit JT for maintaining his silence since I don't know why he is being silent. It's a well known fact that I did vent on this subject last March but that was a full 7 months after we had been promised results. One problem that is plaguing every company from giants like GE to our little PLNI is this frigging Sarbanes-Oxley law and that could be the problem. I went through this PR game with GTE and all it did for them was get them de-listed and reduce their S/P to comparative worthlessness. We're allready in trouble in that department and I'm willing to wait a reasonable time for PLNI to come through in this area.
I repeat my previous observation that PLNI has bottomed and that on any type of real good news we are going to have our first runup since last August.
I reduced my basis significantly also and I'm still buying. If we get a decent runup we'll both be out at a reasonable profit which is all I'm really interested in. PLNI has the potential for a good initial runup and if we get up in the range of .03 or .04 it won't matter all that much. GTE's first runup was to .04 and their second one hit .19, and that's without showing a profit. I think PLNI is going to surprise the hell out of the market and some of these naysayers.
No Problem.eom
Key - I don't want to beat this to death because it just wastes board space. Pump and dump has a clear meaning which refers to either illegal or unethical conduct. I've been holding PLNI since August, 2005 and I've been adding to my position at every opportunity which I have encouraged others to do. Besides, what profit could I make buying at .0006 and selling at .0007? I'd have to be a broker or a market maker to do that and I'm neither. Now lets drop it.
Key - I deliberately kept out of the conversation when you were suggesting a known basher as your co-moderator on the board as I didn't feel it was my place to tell you how to run things. When you use a term like "pump and dump" which has a clear meaning both in the literal and figurative sense in reference to me I have to question the depth of your knowledge generally. First of all, P&D schemes are illegal and the perpetrators often end up either in jail or with heavy fines or both. They occur over a very short period of time to prevent suckers, excuse me, investors from finding out the real truth about the stock they are pushing. I've been supporting PLNI for the past 15 months on this board and others. Is that long enough to take me out of the P&D category?
The usual figurative usage of the term P&D comes from bashers who accuse most, if not all supporters, just as a scatter gun technique to try and muddy the waters, much as a lawyer does by objecting to everything the prosecutor is saying in hopes of confusing the jury.
PLNI doesn't even come close to the amount of time I've held other stock that I believed had prospects for growth so I don't need to pump and I am certainly not going to dump any time soon. In the meantime I will continue to post as I have in the past.