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Question - Is UBSS (or NITE) going to drop it's sell or is it going to increase it's buy? What do you think?
Too late to answer now. UBSS just dropped it's sell.
And, since they will short another 20 milion today, you can count on the PPS dropping by this afternoon or Monday, for sure - since the volume is now down about 10% from yesterday.
Looking for about .0051 - .0053 at the end of today.
Could have made a couple hundred at .0047 to .0055 but I missed that one even though MACD blue crossed and started up and Stochastic jumped.
I'm still waiting for about .004 to .0043 to buy back in.
I hope PLNI lets out a hot release before it gets there. Would love to ride a wave again.
Just my guess.
If ETRD fills it's buy at .0047, it looks now like UBSS will move to .0048 sell & .0047 buy.
Just my guess.
DTL, I really don't know what they do or don't know with regard to OS shares versus AS but I know that they do communicate A LOT! I am not accusing anyone of anything but it almost appears collusive at times, like now.
I think that if one of the MMs knew that PLNI was issuing stock and they quoted the stock outside of their "best efforts" agreement with the seller, or had that information from another MM, and you could prove it, you would have the basis for a very large class action suit that would yield a very large settlement, given the volumes in PLNI.
Anyway, I’ve been saying that this stock would go down for the past two weeks, given the action of the MMs and the lack of information from PLNI. That’s why I took the $1K loss and sold my last 184K shares at .0056. I said, at that time, that I would buy back in under .005. I’m still watching and it looks like close to .0043 to .0045 or so might not be too bad.
NITE is sitting at .0045 but they or UBSS could move into .0048 today since they will probably get their 20 million shares. That would lock today at .0048-.0049.
I don’t see any major move upward based on the level II quotes right now and MACD & Slow Stochastic both say to wait. They are still going down and nothing looks like it’s going to cross today.
This is just my opinion and not meant to influence anyone’s stock decisions except my own.
Good luck to all and I hope that we see some good news soon to shoot this thing back over a penny.
DTL, both MMs are in a position to move into control if they wish as soon as a .0001 difference opens between bid and ask. Yesterday, UBSS moved from .0051 to .0054 to .0053 and back to .0051 within a 30 minute period.
These folks are very professional MMs and have more knowledge of the market the work than all of us combined. It's what they do. It's their only business.
Just my opinion.
At .0001 per share, IF; UBSS turns 10,000,000 shares per day in the pinkies on high volume stocks for 192 trading days per year and covers 100 pink sheet companies (or 5 million shares on 200 companies), they will make $19.2 million dollars per year without a risk as long as they control the bid/ask as they've been doing here.
Then, this would be a reason why they don't care if the PPS stays, drops or rises. The only reason for them to drop the PPS is to maintain volume. On the inverse, if a stock rises rapidly, folks with software that pick up price/volume increases will jump in and buy, thus giving the MM a chance to short high or dump shares purchased at a lower PPS or both.
I still think that PLNI will emerge as a viable company if JT doesn't run it out of operating capital (he should still have about a billion shares to float if financing is unavailable). I also think that if the intent was to take the money and run, there would have been no reason to purchase companies that extend a competitive advantage in the concrete supplies business. To me, this looks like a growing, going concern.
All in all, I hope that something is going on within the company that is profitable and, as everyone else has already said, we need some company information and PR releases.
Too quiet too long.
All just my opinion.
NITE & UBSS appear to have enough stock. The dropped their buy to .005 behind a lot of buyers and dropped into a .0054 sell. Of course they could move into a .0053 buy when the PPS hits .0054. Is it just me or do they seem to be working together? I don't really know; I just wonder.
Just my thoughts.
Fynley, I wish I could answer your question about "why". From my past experience, open companies are legitimate and seek to be long term "going concerns". They have officers and boards that are composed of more than one person. They relate, on an ongoing basis, what is happening within their companies. They keep their word and they don't make promises they don't intend to keep.
I took a loss on the last 184K shares I just sold at .0056. But, I am going to wait on the PPS and buy in again and take another short term (turnaround) gain to offset my loss. I am up a little over $13K (after this small loss of about $1K) on PLNI from buying and taking profit.
I think that you will probably see PLNI over a penny again and maybe up to a nickle or so, eventually. The reason I think this is because JT has kept this thing afloat for quite awhile and seems to be building a viable corporation. I also feel that he will sell it as soon as it is profitable and he can show a couple of profitable years. Before that, PLNI should become a fully reporting company. I don't believe it will go down the tubes, but I don't really know.
One company that was purchased by a company I worked for was profitable for about 6 of the 10 years preceding the purchase. The guy who owned the company that we bought told me that he, personally, never made any money (other than wages) from his company until he sold it for $33 million. At that point, his corporation became a very small number in a very large corporations consolidated financial statement and the shareholders all received the new parent company's stock. It was a good deal for all parties. Maybe that will happen here.
I had a few hundred shares of Inktomi when Yahoo bought them. I made money on the exchange and additional money when I sold the greatly appreciated Yahoo stock.
So, don't lose faith. Keep on hoping. Learn from what you do. Know that pinkies are rarely long term investments. It can happen. So can winning the lottery. But, watch awhile before you buy, especially piggy back eligible stock. Brokers quote them and control them, not just handle them. And, don't pile a ton of money into one pinkie. When it's your money, sink or swim is not a very good long range plan.
Good luck and I hope you get a nice profit.
Everything I said here, except actual citation, is my opinion and not to be used as a guide to investing your or anyone elses money. It's just my opinion.
Really good luck and I sincerely hope you get out well.
Just one more pro-forma type bit of information. If PLNI has a profitability this year of $1MM and has the 5 billion shares outstanding, the EPS is .0002 which would give a PE ratio of 25. This is about twice what I would like it to be to hold the stock long. However, as I said before, we need to know these things in a set of financials. If profit was twice that amount, the EPS would double and the PE ratio would be really good for a long term hold, especially since it is in an expansion mode and been around for a lot of years. That is also assuming that the cash flow and near cash assets are in line with the short term liabilities and the ability to finance operations.
I am waiting to see what happens this week and will probably buy back in under .005 if it gets there.
This is just speculative "what-if" thinking. I have no facts that anyone else isn't privy to.
Spencer, I am looking forward to hearing what you say when you visit PLNI. It would be great to hear from another investor some real things that could be trusted.
I hope you go soon and I hope you post as soon as you can.
Looks like UBSS is positioning for a .0051-.0052 finish for the day. They got the volume up and took a lot of stock, now to inch the PPS up a bit.
The only thing that will stop the MMs is a good bit of PR from PLNI that is more than a short term thing like obtaining a contract for sealing an on-ramp.
After reading the post from Raging Bull, I wonder but I always take everything that's said on boards and keep it in my memory where I store all the pink sheet info - could be, maybe not!
Anyway, I still say that the value of this stock without major profitability and a very large backlog is around .004.
I arrived at this by knowing that the SEC requires; any company that issues stock, has 500 or more investors and an asset base of over $20MM, to file audited financials. PLNI isn't filing. Therefore, since they have issued stock, have over 5000 investors (both published as fact on pink sheets), they must be worth less than $20MM. If all 5 billion shares are sold or issued, the math is simple. $20MM (maximum) divided by 5 billion equals .004. Anything less in value would reduce share value.
Of course, if the OS is still at 3.9 billion and the value of the company is almost $20MM, then the value might be around .005 which is where they are now. By the same token, if the company value (net of depreciation and charges, etc) is $10MM, the share value is about .0026.
So, without any light to see by, we know that the value of the shares are somewhere between .002 and .005. Your guess within this range is as good as mine. I'm opting to invest at the lower range if possible.
When I posted a similar post before, it was met with "faith" in the company and faith in Big Jim. I'm short on faith and short on money to invest on faith.
We just plain need some visibility into this company which needs to be in the form of audited financial statements. Anything short of this, IMHO, is just food to produce fertilizer.
Just my opinion.
rrm, I hope you're right. I would love to have a good "get in early" published company that would make us all a lot of money.
But, remember, when you talk to me about SEC & accounting and audits, I've been there, done that. I have a masters in accounting, am CPA qualified and been in the corporate world as a controller or CFO for the past 30 years. When I say that the financials could have been produced a long time ago, I know from whence I speak.
Oh, by the way, the reason you use a second auditing firm for a SOX type audit is not to incur more costs but, instead, to reduce costs. The minor auditors can be local or regionals who charge a lot less than than nationals and the natonal will usually take the results of the minor without further testing. Occasionally, they might due minimal testing on the minor's results.
HOWEVER, if I were JT and I wanted my company to look it's best and I was under $20 million in assets and net worth, I would also put off issuing audited financials until I had to.
As I said before, the company has financial statements that they could release because they have to have them together to file their annual corporate tax. Even a Sub-S or a partnership files an information return. For that, they must have financials. Uncle would be all over their rear ends if they were unable to support their tax returns.
Anyway, I honestly want everyone who invests in anything to come out a winner. The pinkies, for me, satisfy my gambling urges and I do better here than I do in Reno or Las Vegas. Almost anything would be better than my success in those two cities.
Luck and some good investigation to all!
rrm, I wrote you a long complete answer and then junked it.
Yes, I have done compliance audits (Surbanes-Oxley bill passed about 4 years ago). You do one if your a public company, every audit. You publish 10 years of consolidated statements. No big deal for your internal controls being in place. I used a pre-audit company who supplied a tape that ran through our software as a second company and the results were used to determine internal control in the software. IPS took care of the computer safety (passwords, etc) and I took care of internal control regarding individual and seperation of duties.
I wrote up a lot of them dude.
The reason I junked my response is because you seem to like to risk your money on faith where I want some concrete information. I want audited financials. I want to look at the net worth, the P/E ratio, the Near cash, the long term and short term debt and the ability of a company to survive before I spend money for a stock to hold for gain.
I use pinkies to watch, determine a channel, then jump in low, hold until I can make a few bucks and then jump out. I repeat the cycle using my graphs (MACD, Stochastic, etc.)
I don't believe in lotteries and I don't have faith that's strong enough to hold a non-reporting pink sheet manufacturing company for more than enough time to make a few bucks, especially when I, personally, don't trust all of the words I hear. I guess you couldn't read that the audit was promised almost a year ago. That's called pump & dump when nothing is forthcoming.
Keep the faith and I hope you are right for everyones sake that are holding long. I think that the value of the stock now (see my previous posts) is between .002 & .004. I also think that this could be a good stock in time but not a millionaire maker, except for the family.
I don't like flying blind.
rrm, I have been an auditor and an accountant (now retired) for over 30 years. Here, below, is JT's press release from May 18, 2005. I'm sure you've seen it before because it's been posted a lot. I will assure you that NO audit takes over 3 months, much less almost a year.
Maybe you would like to review CMKX for "how to avoid an audit" by all means at your disposal when you have ghosts in your closet. I'm not saying that JT has but, you can draw your own conclusions based upon his stellar performance in both his private life and his public corporate life. IMHO, he hasn't kept his word on much he has promised.
I read Motley Fool regularly and almost every article on Pinkies say that you need to have information on the company and that most of the companies that started a year ago in Pink Sheets are gone. The last news letter (last month) that had PLNI in it said that they wouldn't buy into it until they could see financials, based on everything they could find on the company. They said that all they could find, other than the purchases of Pro-Mold and Semco, and the few filings with the SEC & state filings, was hype. They also said that they were unable to place a value on any of the companies or PLNI as a whole.
PLNI has established itself as a growing company that has survived for almost 18 years. At this point, I really don't know if JT wants a going concern or a company that looks profitable that he can sell. Your guess is probably better than mine.
Another cute article in the Fool came from letters sent by other readers. One asked if he should quit his job and invest in penny stocks with about $100k to work with. The answer he received was "Don't quit your day job". Further, the guy from the Fool said that the best way to end up with $10,000.00 in the penny stocks was to start with $100,000.00. I've found that to be somewhat true if you buy and hold as I did at first, about 10 years ago.
All of this is MHO except the direct quote and the paraphrasing.
Quote from JT
President and CEO Jim Turek Announces That Audit of All Company Financials Will be Completed in Four Weeks
LEXINGTON, Ky., May 18, 2005 (PRIMEZONE) -- Plasticon International Inc. (Pink Sheets:PLNI) today announced that it has come one step closer in the company's transition strategy to move from the Pink Sheets to the OTCBB. An audit of all company financials will be completed in four weeks.
"This audit is an important milestone in terms of demonstrating to our shareholders and the public that we are serious in our goal of moving the company forward," said Jim Turek, President and CEO of Plasticon International, Inc. "We are pleased to announce that we are four weeks from a completed audit. Upon completion, we will immediately be filing the necessary documents with the SEC to become fully reporting."
Chucker, I would expect a small surge at opening and within 30 minutes, a trap move by the MMs, especially UBSS & NITE, dropping below the .0053 buy.
Just a SWAG and nothing factual.
Sold my last 184K at .0056. If UBSS & NITE lock it tomorrow, .0053-.0054 or lower.
Friday, at or below .005.
I think the MMs will buy a ton as low as possible before an announcement.
I will buy back in under .005 if I can. I think that some kind of an announcement is eminent, judging by the MMs actions.
Just my opinion. As usual, not based on any facts, just a guess.
Still looking for .01 or better eventually.
Good luck to us all!
rrm, Rodney said that he thought the SEC stuff had been submitted but it might be too recent to appear on updated reports.
I really don't know if they did or didn't. And you know that we only get what they want to release or say.
State, your guess is as good as mine. I have no idea. I'm just repeating what Rodney told me this morning.
Nothing has been released for some time and we know that there must be something going on within the company. There always is.
I have the same questions as you but no answers.
I'm just hanging in there waiting for a bump to sell my few shares or a dip to buy a few more.
rrm, where did you get the bankruptcy info on Turek. I would like to have the site for other info.
Thanks
Just talked with Rodney. He said that Semco was finalized in February, that it has been incorporated under the smae name of "Semco Corporation" as a wholly owned subsidiary of PLNI. He also said that there would be no name change from Semco even though Samel Sem is still an officer of the company.
He also said that all of the filings (I assume corporate and SEC) to make Semco a subsidiary were completed in February.
He also said that he was unaware of any additional stock sales from PLNI but last time PLNI sold stock, he found out about it after the fact from Pink Sheets.
Yes rrm, I see that in the last paragraph. If the money was used by Wickland and, Turek signed for security, then the money is due to Turek from the company so he can transfer it to the creditor. That is reasonable.
BUT, I think that Big Jim will probably need to give himself a hefty raise to cover his plan, maybe? I don't know.
I still want to know why the new corporation, Sem Semco is not registered under Plasticon.
Shorts, on the co-signed portion, he can collect the debt from the co-signature in stock from PLNI because the corporation owes him money. He can give that to himself as the board. Then, in turn, he would transfer the stock to the debtor in accordance with the plan.
Anyway, that's how I think that part would go down.
Thanks Nez. Do you know where it was incorporated?
Shorts, thanks for all the info. I had the Semco stuff but not the final acceptance of the chapter 11. So, JT has submitted a payoff plan to the court to liquidate all outstanding debt. He has not declared a chapter 7 which disolves his debts and leaves creditors holding the bag. I think that is admirable since it appears to be personal debt and not corporate debt. Would you please post anything that you find anything against PLNI, the corporation.
Thanks again for all the info on the outcome.
He can transfer shares that he owns but not undistributed shares. Also, as the complete board, he can give himself a stock options but not stock. The option must be at a stated price as of a specific date.
The Turek family and officers own approximately 1 billion shares. Just read that in one of the many filings I have been through this evening.
State, I agree with you. Until someone shows proof that he is not above board, I am with you. I can't see anything illegal. I believe that he has made some errors of judgement or he probably wouldn't be in a bankruptcy hearing. I also believe that he is a prudent businessman who wants PLNI to succeed and make him rich. I would feel the same way. I don't believe that his heart is with the investor group at this time because if he succeeds, the investors succeed. If he fails, he will probably have done his best.
I just wish, as Penny said today, we need information.
Right now, I don't know whether to buy a ton or sell what I have. I would just like to have some info.
I am doing some investigation into Semco.
Semel Sem is the pres, sec., and treasurer of Semco.
His wife owns (or in name) Semco Distributing. She is also Pres., Sec., Treasurer and Director for her company. Agent is James Ream Esq.
They both own all of the shares issued (or owned) 10,000 shares of a private issue.
I am hunting for a post that showed the new name of Semco. I cannot find a new incorporation for Semco in Las Vegas under a new ownership so I assume that all will remain the same until
the paperwork is filed and recorded. It's my understanding that Semco is finalized but nothing I can find has been filed yet. That doesn't mean it hasn't been filed. It means I don't know where it's been filed or under what name.
This is a task without spending a bundle of money and without information.
Oh well, I'll just keep on looking until I stumble onto something or someone posts something that allows me to follow another trail.
Good luck State. Thanks for the post.
As usual, this is all just my opinion.
State, for the most part, I believe that you are correct. However, he cannot distribute shares and settle personal items unless he increases his salary to the point that he could justify it without claims of using corporate assets for his own use.
If he paid himself an annual wage of, say, $1 million per year (by vote of the board of directors-himself), then after taxes he would get about 60% of that to use as he so desired. Since he controls everything in the corporation, it might be easier for an outsider to prove co-mingling or fraud than it would be if all 3 of the required interested parties (required for corporate standing) were on the board. Even if you have a dozen board members, it could still be collusive.
However, if anyone outside learned and could prove, that it was his intent to do that (difficult to prove), he could then be liable, once the veil is pierced, to the extent of all of his personal assets. He would no longer have any protection under corporate law.
If any stockholder feels he did have that intent, they might try to get a class action suit going, if they could prove it in court and win the case. This has happened a lot in the stock market but most of them that I have been involved in seemed to fade quietly into the sunset and I have yet to receive a cent from a classs-action lawsuit. However, I did get a set of CDs from Hewlitt Packard from one class action so I could re-boot my computer in case of failure. Problem is, to clean the disk and use the CDs, I would have to reload the OS and every bit of software.
Anyway, since the purview of jurisdiction(in the legal meaning of the words) is in Panama, there could be things going on there that might not affect PLNI here in any event; I sure don't know any more about that than anyone else.
I wonder why he hasn't registered SEMCO under Plasticon Intl. and, instead, is holding it as a separate corporation under a different name (at this point). It's not listed under PLNI in the corporation filings. I've posted my ideas on that with some semblance of reason, giving the SEC rules for the requirement that a corporation be under full reporting status (has issued stock, has 500 or more stockholders and net assets of $20 mollion or more).
I have a lot of questions but no answers. In reading most of the postings here, I think I feel that I am with the majority. I'm hoping but have no basis for my hopes except that the business has survived for almost 18 years, has obtained some good patent rights and is a going concern with forward looking plans and reasonably competetive products. And PLNI does have a lot of competition. Thomas Registers will help you find them.
I'm down to 184,000 shares after selling 500K at .0069 and sitting here watching and hoping someone will run across something that will help all of us get more information.
I would like to buy another million shares but right now, I am being cautious (maybe over-cautious). I made my money the old fashioned way and every dollar I have has been generated by the sweat of my brow. I hate to lose it easily.
This is only my opinion, for what it's worth.
Good luck and make money!
Shorts, the corporation is protected by the corporate veil. A personal bankruptcy by JT can’t touch the corporation or its assets unless someone can prove that there has been a "co-mingling of assets" or a "conversion of assets" which means that Big Jim will have had to use corporate assets for personal use in some manner.
A corporation is an entity of and unto itself and subject to the same laws as we are except, you can’t put a corporation in jail...just it’s officers.
I don't believe that his bankruptcy should have anything to do with the audit being released.
That would be like saying the president and CEO of Boeing, who is a major shareholder, went bankrupt so we can’t publish the quarterly and annual report (Financials). Ain’t gonna happen,
As I said before, PLNI has financials because they have to file Federal taxes. It would be really great to see what they filed on.
IMO, the holdup of the financials is all internal and is being held up intentionally by Mr. Turek.
You said "we" can see it. You must have another rat in your pocket, idiot.
Glad you're making money.
Poker, get your head somewhere the sun shines. Your posts are ignorant and disparaging. You have no idea what I have or don't have. By your posts, your intelligence seems to be that of a juvenile and less than I want to hear. From what you post, if your brain exploded, it wouldn’t part your hair.
So take your ignorance and stupidity and write to someone who really cares, if you can find someone who cares.
Do some reading, if you’re able, and see what’s going on in the real world.
You are the only real idiot on this entire board.
Don’t bother me with any further stupid ideas that might glimmer in your otherwise empty head.
I like PLNI and this board. I don’t like you!
Nez, one more thing. I have never said anything bad about PLNI. In fact, I have stated several times that I like PLNI and have given reasons why it is a better than average pinky.
I would just like to have a little more visibility and a few less unfulfilled promises to make a better investment decision and have a bit more confidence when my money goes off to pinky investment land.
Invest wisely and make money.
Nez, I am one guy who has two pinkies. PLNI and ASRNF. I don't bash and I haven't posted anything except PLNI. I have bought and sold several times and am making money here. I like the company because it's been around for 18 years. I just sold all my shares except 184,000 which I missed when I sold my last stock.
Please feel free to look at my posts. I never personally attack anyone but I do write what I think might be happening. I don't ask anyone to believe me and I am sure, from some of the answers I have received, that everyone doesn't. All I try to do, when I post, is try to put forth possible ideas from my experience.
i.e. The SEC requires all public companies to be full reporting companies if they: have issued stock, have over 500 stockholders and a net worth over $20 million dollars. If you look at Pink Sheets, you will see that PLNI qualifies for the stockholders (5000), it has issued stock; so therefore, it must have a net worth of less than $20 million. Since Big Jim Turek just bought Semco and, if you look at the public holding records, they list Plasticon and Pro Mold. He has not included Semco in his corporation. My belief is that Semco, held as a separate corporation, would put PLNI over the $20 million and make them a full reporting company. This way, they can hold the corporations as separate entities and still not be required to report.
I posted this before but, in my estimation, none is so blind as he who will not see. Perhaps when the reporting starts, Semco will become a wholly owned subsidiary of PLNI. I called them and they would neither confirm nor deny their acquistion by PLNI and I was referred to PLNI's guy. So, I assume that they were purchased.
And, at the bottom of all my posts, I include that these are my opinions and are based on my experience and not on facts (that are known at this time).
Good luck and keep, questioning all the folks who have nothing constructive to give but are excellent at name calling and personal attacks.
Poker, I am just a hobby investor. I am not a basher, I am not a professional, I am not an expert in the stock market.
I am , however, very experienced in business, auditing and the stock market.
I lost ovr $10 grand my first year in stocks. That was 30 plus years ago when $10 grand was a good years wages. I continued to lose money for about 10 years with a smaller loss each year. I am now consistantly making a very nice profit off the street.
I reported over $100K last year. All of that was from small profit taking. Sometimes $100.00 and sometimes a few thousand (RMBS & YHOO) I have learned that I am not going to hold on to pinkies and wait for the balloon to rise. As I said in a previous post, all of the big jumps I've seen have been in the Medical, Technology and energy fields. Never in a manufacturing company.
I would like you to read an article from Motley Fool about PLNI. This is not the last word but it does seem to follow my thinking about this company.
http://www.fool.com/news/commentary/2005/commentary05110401.htm
I am just one of the people who are cautious. I am simply stating my opinions for what it's worth. I do not intend to influence anyone. I would like people to think when they read my ideas. I don't mean that anyone should agree. Just think!
Opinions are like belly buttons (I've heard it another way), everybody has one.
I never personally attack anyone and I feel that those who do should bend their minds a bit and offer constructive thoughts that might also make me think.
Please be constructive and give me some other way to think about PLNI that I have missed. I would like that.
Good luck in your investing future.
Wynn, please note that at the bottom of all of my ideas is a note saying that these are only my opinions and are not based in fact.
The proof is in the PPS, the SHO list (as long as there is no collusion and one broker doesn't hand his shorts to another collusive broker which happens all the time (See Motley articles March 2005)so the 13 day period continues to "revolve" and never hits the reg SHO list), the success and profitability of the investor, experience and a host of other things that allow a person to be able to invest with more than a hope and a prayer that any one stock will make them an instant millionaire. Better to play the lottery. As a matter of fact, it's much better to bet on yourself getting struck by lightning. The odds of being successful with that bet are about 9,000,000 to 1 which is probably a better set of odds than bucking brokers in their expertise.
My only suggestion is that the small investor becomes very familiar with the stock they are buying which includes some very ardent studying of the MMs involved and how they are moving. Also, some individual conclusions need to be made on why certain things are NOT happening. i.e. Why isn't Semco being included in PLNI Corporation?
Right now, I really believe that UBSS and NITE have a contract with PLNI to sell their stock and they are playing off of one another to keep the PPS at or around .0058.
I also believe that when the distribution is over, that there will be no reason to hold the PPs up. In fact, it will be beneficial for the MMs to drive the price lower to fill their naked shorting they sold up around .006.
If I am right, the value of PLNI will settle at about .002 to .003, if not less because of the large drop in PPS.
If I am wrong, I will still not lose anything. I will simply observe the stock and, if I wish to buy in again, I will set myself another channel of min/max and continue to buy and sell.
As I said earlier, I am just about a hundred bucks shy of a $15,000 gain from PLNI over the past three months.
All of these ideas are only my opinion and are not based in fact.
I just go with the MM flow dude.
Good luck with your path. I think I'll continue with mine. It's very lucrative.
Also, I will stay with real estate because it still makes me more money than I can spend.
Wynn! Yes, companies use MMs (brokers) to sell their stock, they tell them how many shares to sell and they do tell the brokers what they want to get for it. Yes, they do converse with their brokers (MMs), constantly.
Yes, you can know how MMs work. There are classes on line you can take to be able to understand and follow their logic and patterns.
Once again, your note says a lot about how little you really know.
I suggest that you follow the old addage, "It's better to remain silent and be thought an idiot than to open your mouth and remove all doubt".
Glad to hear about your gain. My suggestion is to take it , if you haven't already.
If you want keepers, get some of your "winnings" into a few blue chips that pay dividends. Love to get that free money every so often.
My small portfolio of blue chips actually gained in value during the 2000 to 2002 dry spell.
Clodhopper, that technology was originally developed and used in Germany soon after East Germany was disolved in about '93. They needed a way to get rid of all of the East German Tribants (a plastic bodied East German car with no padding on the plastic bucket seats, no shocks, smoked like a chimney right from the factory and had, at one time, a ten year waiting list for a new one).
Wynn, one more thing. Do you suppose that MMs were shorting at .007, then filling at .0056, taking advantage of people who were small investors jumping on the apparent rocket taking off?
Man, the MMs weren't buying at that price. They were selling. They are truly professional investors who knew that without any breakthrough PR, the stock would be back where they wanted it as soon as they needed it to be. THEY ARE PROFESSIONALS with billions of dollars to use!
A lot of the selling went from guys like me who recognize a spurt and sell their holdings to a person of lesser experience.
Gee, guy, I guess I should have held the 500K I bought at .0059 and sold at .0069. I wouldn't have the $500 bucks in my pocket and the PPS is now below my original buy in again.
Its stupid mistakes like that that force money into my account whether I want it or not.
The last pinkie I held for the duration was CMKX. I bought in at .0001 for 15 million shares. I sold at .00006 just before the transfer of assets. It's still in the air but I have reinvested my money and made more than my loss. Never again in the pinkies.
Once again Wynn, I do sincerely wish you the best of luck and I will be the first one in line to congratulate you as a new millionaire.
Wynn, I've made, with the current sale today of 500K at .0058, almost $15,000 profit on PLNI, after recovering my initial investment and broker fees. I haven't been wrong on this company yet.
PLNI was little more than a sales distribution warehouse before they floated a ton of shares and bought Pro-Mold. They bought product and sold product.
Many companies have DOT approval but usually, within their market areas. To have a national approval means that they will compete with local companies who have similar products. PLNI is not the only company making plastic re-bar supports. Their main competitor has a much better distribution agreement than PLNI. Georgia Pacific distributes plastic rebar supports. A small name compared to Plasticon?
I suggest that you do some serious investigation into the company and it's competition.
You are entitled to your own opinion. When you tell me you've made what I've made with PLNI, then I'll concede that during the past 30 years buying and selling stock, I've learned the wrong things.
Fortunately, I make money every week in the stock market by watching , knowing and taking advantage of what I see. Besides watching MMs, I use charts. MACD is my main indicator and the slow and fast Stochastic are two confirmations.
I also know the SEC regs, MMs manipulations and when to buy and when to sell.
Neither of us know what's happening with PLNI off the board but I know that with a stock volume such as this, you can know it's happening.
I hope you get rich in one big bundle. I'll take mine in small pieces.
It's wonderful to have blind faith. I don't have that anymore. I did when I was losing money during my first 5 to 7 years playing in the rich man's game.
Good luck to you and I sincerely hope you strike it big!
One other thought which might or might not happen. I think we might see one more run to .007 or so before the bird (or whatever) hits the fan.
Just my opinion.
UBSS is now at .0056 & .0058