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OT: gerlac68.. Yes? They completed their 504 selling of shares in January. They announced a share buy back program and will have the cash flow to buy back shares.
They have finished dilution. PLNI continues dilution.
What's your point?
OT: bartermania. I hold shares in 4 companies that have had little trouble appreciating in value since I've owned them. My portfolio is up substantially this year, most notably is the one stock gerlac has been referring to that is (at the time of this post) up 51.8%, .0027 to .0041, since I purchased it on March 1st. The one thing that my four companies have in common are that they have positive long-term growth prospects and their shares aren't being diluted.
Now you can answer my question.
Why aren't billion $ hedge funds and market manipulators holding these stocks (that I am holding) down?
The floor is yours to answer my question.
bearclaw51.. So how much money have you made "reading the technicals" on PLNI?
I wouldn't know, I'm in PA.
bearclaw51.. What was all that selling in gigantic blocks at the bid yesterday?
DTL.. Where's the cash coming from for a buy-back?
Are they going to borrow it from banks?
bartermania.. So the answers no?
Gerlac.. What's that "other" stock doing today by the way.
1. The connection between the IR firm and the company is awful.
2. They were PR'd, just buried.
3. Nope, can't answer that one.
4. Because there's ostriches over there, much like ostriches over there.
5. Just did.
I still believe in the company for.
1. They have a great innovative product. Do you know how you know when it's a great innovative product? When CBS News, NY Times, Readers Digest, and others are knocking on your door to give you free publicity in their newscasts/publications.
2. The product is a mega-profit product. The company will be seeing gross margins in excess of 40% of their sales.
3. The industry that their product is in is growing every day at $15 billion, and will continue to grow strongly over the next 20-30 years.
4. I don't believe there's a scam going on. There's a little more chest beating than I prefer, but right now, that's okay because I believe the product will be far more profitable than running a pink sheet scam would be. (This isn't true with most pinkies).
You wanted answers.. That's why I invest in that "other" company.
bearclaw51.. LOL PLEASE.. Put away your voodoo charts for a moment and just answer the question please. Forms of TA have been around since the 1960's. Quick, name me one trader who's now a billionaire from trading purely charts?
Stocks prices go up because they make money, which causes an increase in demand for the company's shares. This is what drives stocks foward.
All I want is a long to answer this question: Why should PLNI have been going up the past 2 years, without producing a single nickle in profit while continuing to increase supply of its stock (new shares), and while accumulating massive Debt to Cash ratios.
I own stock in 4 companies. I can answer this question for every single one of the stocks I own. Can you answer it for yours?
bartermania.. No it's not clear. All i want is a long to explain to me while this stock should of been appreciating in value the past 2 years while Turek continued to issue new shares, failed to turn a profit, and fell behind on financials?
Why barter. That's all i want you to explain.
rrm.. I'm not picking fights. I'm merely bringing up negative aspects of this company and discussing them.
DTL, What you refer to as "wild claims", is actually factual information. I'd like you to prove otherwise.
DTL, the headline is technically true. It's still outlandishly misleading.
"X Company Completes Work on $150 million project".
or the real life example:
"SEMCO completes work on $82 million I-515 beltway interchange project" in big bold letters.
Those headlines are those which a scared man would publish. Are PLNI's future prospects so bad that we have to re-write headlines to shoot potential new investors into a completely different direction than what the facts are?
"Oops Oh yea, what we didn't mention in that big bold headline is that we were only contracted to do 0.29% of that $82 million project" in regular font in the press release.
gopackersgo.. My bad, you're right we wouldn't know. Turek files the companies financials 9-12 months late with regularity.
But unless PLNI discovered about $20 million dollars in a hidden pirates treasure chest on company property or miraculously found $10m+/quarter in profit the last 6 months (after being unable to find a single nickle in profit in 3 years), they aren't affording a company that will add "80 million in sales" as Turek put it.
eyeamgame.. According to PLNI's financials they aren't in position to acquire anything producing even remotely $80 million in sales.
These misleading claims need to be investigated.
80m shares at these prices is $24,000. He's going to buy this company for $24,000 ?
Or did you mean $80,000,000 worth of shares?
Which would mean he would have to issue about 266 billion shares.. LOL.
Complaint to SEC about Turek's misleading statements has been sent.
The $82m interchange project.. The $80m in sales from AV-CB acquisition when the company has very little resources on hand.
The funny business needs to stop. SEC needs to give Turek and PLNI a timeout and they need to take a peek at his misleading press releases.
Turek is bordering on fraud with these PR's.
03/13/07 - "Plasticon International, Inc.'s Wholly Owned Subsidiary SEMCO Manufacturing Completes Work on $82 Million I-515 Beltway Interchange Project "
01/24/07 - "Plasticon International, Inc. Subsidiary, SEMCO, Begins Work on $82 Million I-515 Beltway Interchange Project "
Why on earth would a CEO continue to put "$82 million project" in the PR about this project, when the contract wfor PLNI/SEMCO was for $241k.
The same way he's playing with words on the acquisition the other day adding "$80 million in sales" to the company.
He continues this spin machine trying to lure more people into this black hole. SEC should launch an investigation. Infact, I'm sending in a complaint as we speak.
I expect major dilution to begin soon after the shareholders meeting. This should hold .0003x.0004 until then.. Turek won't rattled the masses before taking the podium. It appears he tried to prop it up with the big acquisition news last week but nobody's biting his bait anymore.
Only way they are going to pay for all these new acquisitions that they claim to be grabbing is by finding a massive source of income..
Just 1 million dollars in financing would take atleast 333+ million shares at current levels. Likely many more shares than that though, and we're not even counting the $7m in subscribed stock they owe to PCI and LexReal for 64.8 billion share at .00011
What a mess
I will call him.. Since he's sitting at his desk, assumingly at his computer, I'll ask him why he stopped opening his e-mail.
MrSparks.. I must reiterate since you didn't respond to this the first time.
You said you were in e-mail contact with EI yesterday. Would you kindly post their response to the AKC urns shipment issue? They didn't respond to me. Did you even ask them this question?
Thank you for your response.
MrSparks: Would you kindly post their response to the AKC urns shipment issue? They didn't respond to me. Did you even ask them this question?
ctguy13.. Would you order a hardware drive from that company again?
I would certaintly hope not. Atleast if you wanted your product on time.
Cherrybrook told its customers they would be shipping these urns by mid-March 2007. Well.. It could happen anywhere between April and June now! You think Cherrybrook customers are going to blame EI? No!, they probably have no idea who makes those urns, as far as they care it's attached to Cherrybrook and they are going to blame Cherrybrook and they will lose their customers and CB will scoff at doing business with EI again.
Yea I'll ask them why their avenue of informing shareholders of negative developments is by burying it at the bottom of some unrelated PR or try to surround it by fluff? (1000 AKC urns in 100 days fluff-piece).
EquityHunter.. I'm not concerned as much with the delay as I am with why this company continues to go down the "fluff PR" road that has plagued many a pink sheet company.
ETIMlurker.. Not bashing.. I'm a long shareholder that just wants answer.
MrSparks.. it's neither untrue, nor spam.
MrSparks: I'm not spamming the board with false information. It's factual that this company does not hesitate to report "We're bumping shipments up because of high demand, production is in high gear, we're all working overtime to get this done." Then when there's a delay.. Nothing. Mum.
It's just a typical pink sheet trademark. All I want is some transparency with the company.
Still no emails from investor relations regarding the company burying the delayment in production and shipment of AKC urns details.
The company seems unwilling to give shareholders answers on the issue.
Zoofire.. How is posting facts disrupting the board? Please enlighten.
ETIMlurker.. What PR was that? Oh okay, Conference Call. So no PR right?
Has there been any PR's that weren't completely 100% kool-aid for us to drink.
ETIMlurker.. what PR did they address the mistake in A/F's ?
Teamlasvegas.. Absolutely.. it's going to run. They have the most innovative product I've seen in quite some time. They are likely to be a $1 billion+ market cap company within the next 3-5 years.
That still doesn't change the facts that this company needs to start shaping up it's Investor Relations and keeping shareholders abreast of developments.
Something like telling Cherrybrook that mid-March is the date, then going on and saying, "Oh sometime in the 2nd quarter now"... Not good..
jskibla.. Has this company ever reported a negative development in their Press Releases?
MrSparks.. No, you just don't like the content (fact) in it, that's all.
Just leave it up, there's no problem. It's the truth.
Somebody posts false information, I correct it.. and the whole gaggle gets upset that I post factual information.
That's just too bad for them.
I'm going to discuss ETIM, both positive and negative aspects.
If I post false information, please go ahead and let me know that i did.
Reported for what? Posting facts? HAH.
I post nothing but facts on this board. It shouldn't be a problem. I'm doing my best to not attack anyone while I continue to be bombarbed by people who don't care about the issue.
Calling them wouldn't address the PR evasiveness.
MrSparks.. Currently waiting for emails back from both of them regarding the matter.. I will post them as soon as I receive them.
Thank you