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I have a thought or two.
Thought 1. The stock is under distribution through MM’s. PLNI has indicated to the MMs what they want for the additional issue. The MMs are manipulating the PPS. Just watch UBSS & NITE. They have locked the buy/sell every day for the past two weeks. They get paid by the share issued. If they lock a buy at .0001 difference and pick up a few and sell them at plus .0001, it’s all profit. These MMs start the day at an .0003 or so buy/sell difference. Then, (usually) UBSS drops their sell when their buy is on top where they want it to be. They have continued to settle in around .0058 to .0059. When they are done with the issue, they will probably short a few million shares, the dilution will be announced, the PPS will drop and they will fill their shorts (while we fill ours, not the same kind of shorts).
Thought 2. The reason the Semco hasn’t been brought into the PLNI corporation is because it would put the combined corporate assets over $20 million, thus forcing PLNI to become a fully reporting company. By keeping Semco as a wholly owned corporation (a different corporation owned by Big Jim) , Neither company is required to be a reporting company. I think that that’s what they want as evidenced by their past performance.
Thought 3. PLNI isn’t profitable. If they were, they wouldn’t need to float an additional $5.8 million in stock (.0058 X 1,000,000,000).
Thought 4. I think I will dump the rest of my shares as close to .006 as I can and watch until something else happens. If a really big, good news happens, I will watch the price jump and buy back in on the drawback. If that’s up a few decimals, that’s fine. My buy in assumption will be that it will go back to about 50% of where it was at the peak PPS.
Thought 5. I probably will read your comments from here out and not post much until something else happens with PLNI.
I hope I am totally wrong and that PLNI goes crazy and everyone gets rich. Good Luck to everyone.
Everything included in this posting is only my opinion and has no basis in fact.
If Big Jim merges his companies after floating an additional 1.3 billion shares, I would really expect the share value of PLNI to be run down before an announcement and then, we would see an announced date of the issue of 1 share of TBLU for X number of shares of PLNI. At that point, the value of PLNI will float to the exchange rate which will be slightly up from the PPS at the announced date.
However, I have never seen a long-hold in the dissolved company do very well (i.e. Raytheon-Hughes merger).
The second thing that usually happens (unless you are a company purchased by YHOO) is a decrease in value immediately after the consolidation. Usually, there is a sell off and the PPS goes down. Longer holders at that point might or might not (depending on the company and it’s profitability and it’s listing board) have some gain but the number of shares held at that point will be similar to a major reverse split.
Who would benefit? The resulting company would have a capitalized value of both companies less the loss per share. It might also have a PPS large enough to gain a major board for better exposure. Of course, that is of no benefit unless you are profitable (i.e. DAL, KANA, etc)
I have no idea what’s on Big Jim’s mind at this point but, if he is a good businessman, he will consider his own business and not the business of the stockholders until such time as he makes stock options part of a compensation package for himself and his executive managers. Then, it'll be a different story. Now, only a cash generator for Big Jim.
This is only my opinion and has no basis in fact other than conclusions that I have drawn from historical stock transactions, which are also only my opinions.
Re; Surbanes-Oxley Act. This is a tough attempt to eliminate fraud by publically held corporations and auditors.
http://www.sarbanes-oxley-101.com/sarbanes-oxley-faq.htm
This is a FAQ on the act.
Lem, it will hold up until PLNI has sold all of the stock they want to sell. Then, there's no reason for it to hold with a 30% dilution and no increase in assets.
As I said before, I see PLNI, as the business now stands with less than $20 million net worth and 5 billion shares outstanding, valued somewhere between .002 to .004.
If there is another acquisition in the offing, perhaps it will stay in the .005 range with fluctuations.
Just my opinion.
UBSS at .0056, where I thought they would go. Someone there must have made a mistake. These guys are so predictable.
Just my opinion.
Whoops. UBSS went back to .006. NITE's holding at .0055-.0058
Looks like UBSS wants a lock at .0056-.0057.
That makes me think that PLNI is still selling shares.
Just my opinion.
.0055-.0056 is my guess for the end today. Holding my buy-in for another drop. Maybe to .005 or less.
I think that UBSS wants to hold it up around .006 but a lot of other shorting seems to be happening and they want to buy back in at a lower PPS. That's why I think that tomorrow is a down day. Perhaps, a bump on Monday but a continuing drop through Tuesday or midweek.
Hope I'm wrong and this is just my guess.
Woodshoo, please see my post today # 8981. It has a quick look at what I did to arrive at an estimated stock value. It's based upon the SEC requirement for reporting and the fact that PLNI isn't currently reporting.
Since we know that PLNI has at least 3.7 billion shares out and it has over 500 shareholders and it is a public corp (sold stock), it must have a net worth of less than $20MM because it would have to be a full reporting company if it did (SEC requirement) and it isn't reporting.
So, I said that if it's worth $10MM with 4 billion shares out, by dividing the 10 million by the 4 billion, you get .0025 or the value of each share, given that assumption.
If it's net worth is greater, PPs is greater. If less, then PPS is less.
It's not exact but it is a way of getting your teeth into a value range that you can feel a little more comfortable with than just buying and hoping.
Shorts, I never bash. I just post my observations based upon my experience and a lot on what PLNI has and hasn't done.
I love this stock. It's made me money on a regular basis and I am holding 500K shares for a long term hope.
Dale, I do like PLNI. I think it will continue to be a going concern. I have said in prior posts that I follow this company because it haas been around for 18 years now. I just see it as it currently is, a pink sheet stock.
I have said nothing against either the company nor Big Jim. I have reserves about stock manipulation in pink sheets and I take profit when I can. Just dumped 500K at .0069 for a profit of .001. Made $500 and will see what the drawback brings. Looks now like I might buy back at around .006. I was in at .0059.
I see the company value and PPS price based on what I don't see and what has happened. If the company has over 500 stockholders and is worth over $20MM and sells stock, it must be a reporting company. PLNI has 5000 published stockholders, is not reporting, therefor, I must conclude that the value of the company is less than $20MM. With a dilution of 5 billion shares, that puts the stock value at .002 to .004 plus or minus.
I have a ton of experience in accounting and audits. I would like to see some financials. Until we see those, we are all investing on a hope and a prayer.
I like this board because of the interaction and the information. It's a good board and it's the only one I post on.
I hold other stocks but only two pinkies. Since I have now made close to $11K on PLNI, I see no reason to go hunting for another channel stock, especially since USSB and NITE are predictable based upon watching their tactics for many moons now.
Hope this answers your question and comments.
Good investing and lots of luck.
Correcting my post 8932. The URL I entered gives an error 404.
Try this one
http://www.sec.gov/cgi-bin/txt-srch-sec?text=microcap§ion=Investor+Information&x=11&....
Look in Microcap Guide for Investors.
Look under sub-heading - "Which Companies File Reports With the SEC?"
NITE just went to .0059 with UBSS at .0058. Another lock!
UBSS was at .0055 buy and NITE was at .006 sell.
The stock must be under distribution if I read my charts right. I have never seen an almost flat PPS line for this period of time if a company wasn't selling stock through MMs at a specified price. UBSS & NITE have held this thing at .0055 to .006 for the past week. Almost daily, UBSS locks the buy/sell at .0058-.0059. I think that NITE's trying a small run to average up what they sold at .0055.
I still have a very big knot in my stomach about what will happen to the PPS after an additional 1 billion share dilution. I just hope that there will be some PR releases to give PLNI investors (like me) a boost in confidence.
I really don't know but that's my opinion.
Wish you the best of luck holding penny stocks. You might want to read the SEC warnings on fraud in both domestic and foreign pinkies. Also, the protection you have (or don't have) from the SEC in these stocks.
As I said in one of my postings, I'm here for the money, not for the pot at the end of the rainbow.
I hope for all who are betting their money on PLNI that we have chosen one of those stocks that will fly (Holding 500K shares longer term).
But, keep in mind that A company must file reports with the SEC if it has 500 or more investors and $10 million or more in assets (http://www.sec.gov/investor/pubs/microcapstock.htm). PLNI has, according to Pink Sheets, listed it's stockholders at 5000. Since they have yet to file, I must assume that their net assets must be less than $10 million. If that's the case and we assume a dilution of 5 billion shares and allow the assets to approach $10 million, the PPS should not exceed .002.
This is one measurement of a company that a prospective share buyer does in due diligence investigations.
I have done several and I feel that the stock will drop when the dilution is completed by PLNI even , or maybe especially, if they become a full reporting company and expose their shortcomings.
The best "pot of gold" companies that I have watched have been breakthrough technologies in medicine and electronics. I think we might see the same thing happen in fuel cells.
Just my opinion.
Good luck to us all.
Wynn, I have 500K at .0059 and 500K at zero, which is left from a 1MM purchase, of which I dumped half, made a profit and covered my initial investment.
I decided, this afternoon, to hold until next week and then, I will dump about 500K and take a profit. I would love to sell at .009 but would also be happy with .0065.
The 500K at .0059 would make me $300 at .0065 and then I'll wait for another drawback.
I was hoping for .007 this week to sell for a $550 profit but it never happened.
I am very happy if I make even $100.00 a week here. Not looking for the pot at the end of the rainbow, just steady money each week.
If the stock does take off, I still have my 500K at zero to sell. If it drops to .0001, I will still make a small profit.
Good luck to all of us.
KG4, I'm thinking of selling about 500K at a .0004 loss today because I think that when the run on the dilution is over, I can buy back in at .003 or less.
I'll watch for the channel again and play it at wherever it stops.
You are absolutely right about taking profit. That took me seven years of losses to learn, holding NASDAQ stocks. Then, the 2000's came along and I got hurt. My paper profits went to real losses and a capital loss only returns your tax rate which, for most (on last dollar earned), is $0.28 per dollar lost. And, unless you have capital gains to use them against, you know you're limited to 3 grand a year against ordinary income.
So, I will be happy with a hundred dollars, even if the stock goes double that, I have no regrets when I look into my bank account.
If I were a large investor and had several million in blue chips and a mix of domestic and foreign, I might see this a bit different but I don't have a ton of money and I had to earn all of it and I want to continue to make money.
Of course, this is just my opinion.
Good luck to all.
Zoro, all a 10Q is is a filing of their financials with notes and any significant changes or plans to change.
If they are ready to file the 10Q then we have financials.
I would like to see pinks have to disclose increases in O/S, A/S, and any plans to change the share structure. If they become a full reporting company, they will have to file an 8Q telling everyone that they plan to do these things.
Right now, it's a big coin toss.
Also, remember that this company did an 8 to 1 split of their stock. A reverse split of that same size would drop the O/S to around 590 million O/S and increase the PPS to about .045.
It wouldn't change much of anything, but it would be a better PPS to enter the OTCBB with.
I have no idea what they will do. I really feel that when the shares that are being sold by PLNI right now (my opinion again) that we will see a very large drop in the PPS.
I want to add here that I have no better idea about anything that this company or the MMs are doing, than you do.
So, good luck to us both.
I think I will dump at .005 or maybe .0055 today.
Zion, before you buy a company, you have an audited closing of the acquired company. You don't buy an existing corporation like going to the corner market and buying week’s worth of groceries.
In order to value a company, a complete AUDITED inventory is taken. Then, all of the overstock and obsolete is devalued. Then, your reserves are set up for receivable, inventory shrinkage (if any), etc.
The audited value of the assets deducted from the price paid is "Goodwill" which is now written off in the year of acquisition as a one-time non-recurring charge.
There would be no reason to "fine tune" any documents. As a matter of fact, altering any of the audited purchase documents could be considered fraud by the SEC after they are submitted for approval. In the current vernacular, that's cooking the books".
So, having been there and done that, don't try to convince the guy who wrote the book that they have any fine tuning to do. I included in my estimated timeframe, plenty of time for a consolidation. That could take a week for finalizing....thus, 8 weeks. So, let's give them the benefit of the doubt and say 12 weeks (50% more time. So, we should have financials by the end of this month. Let's hope!
Good luck!
Poker, I hope your hunch is right. I would love to see it. Good luck dude.
Poker, how can you justify that PPS?
Poker-What are you looking for as a PPS if you see financials?
If they go OTCBB?
Any higher boards would require a minimum capitalization beyond PLNI's abilities at this time and a share price over $5.00. How do you see this happening without a huge reverse split?
Yawn-O is the problem and I agree with you, WE NEED SOME PRs and Financials.
Good luck dude.
Zion. As I have said before, I am a retired accountant who worked in large corporatoins for most of my life. Audits, in todays world, (I just retired last December), which I have been closely involved as a controller and a CFO, take about 6 to 8 weeks if it is a start-up first audit. That includes pre-release to management, acceptance and publication (SEC) and distribution (Stockholders and general public for a publically owned corporation).
Any time longer than that indicates to me that someone is procrastinating or there is something that someone doesn't want to be made public at this time.
Anyway, I still have hopes that we will make a few more dollars on PLNI and I am sticking with it because of it's history as a long standing company and it's recent expansion. It seems to me that it will be a "going-concern".
Nano. Do you really think that PLNI is worth $5 billion dollars? That's essentially what you're saying if you feel that 5 billion shares O/S at $1.00 each is practical.
I'm just not that optimistic but I feel that the company will appreciate if JT does get financials and the company can show profitability.
But, at 5 billion shares and an assumed net worth of $25,000,000, the shares are valued correctly at .005 -($25,000,000/5,000,000,000 shares O/S).
If the company has a net worth of twice that and it is profitable, it could be valued at .01 to .025, assuming investor confidence in future operations.
Just my opinion.
Just a thought. I was thinking about the response we got about incresing the dilution. Something about laywers and audits costing money too. I just asked myself; if they are profitable, why would they need to float more stock to cover these "usual and ongoing" costs of doing corporate business?
I sure hope we see some financials soon. Good financials would sure help.
I am still holding the last 500K I bought at .0059 and still looking for .007 to make a few cents.
UBSS, NITE and, now, ETRD seem to be holding a firm .0055 to .006.
Oh well, Looking and praying for someting from PLNI soon. I think that it would help all of us in maintaining our confidence.
All my stupid opinion.
X-Fortune, it will take a major announcement to break out at .02 and I see, at most, .025 and that will be for 2006. Then, a drawback to under .01 again as 2 to 4+ billion shares sell while the PPS is up.
I hope I'm wrong and you're right.
Also, this is just my opinion given the share structure and the size and type of the business.
Zion, please look at my post 8706. I cover a few more reasons that this stock, even at the current O/S (about 3.7 billion) will never reach more than about .05 and I am almost sure that .05 is double what it will actually reach without a huge reverse split.
I've been doing this for almost 30 years and I have seen some stocks take off and make people rich but they were in cutting edge technologies (Medical, energy, electronics, etc) and I'm discounting the idiotic surge in PPS during the early 2000's when high tech computer and net associated stocks went crazy.
I've never seen a manufacturing company, especially a green company that produces re-bar crutches, road signs and concrete sealer (not really huge technological breakthroughs) ever do much. PLNI has done well to stay out of the .000x range.
Add that to, what seems to be, the current manipulation that NITE & UBSS are doing with the current dilution underway (holding the PPS at the range at which PLNI wants them to sell) and you will understand why the prudent investor doesn't buy on the hope of striking a gusher.
Is there a reason that Pink Sheets has stopped PLNI's quotes because they say they can't get the information (from PLNI) because the stock is being sold (by PLNI)?
For the greatest part, we have a more sophisticated investor in the market today. We still have beginners and short termers (less than 5 years) who spend, accumulate, hold and pray, but on the whole, playing the pinks is a short term profit taking endeavor and when you run across a channel stock like PLNI, take your money every week. I've snagged a little over $10 grand on turning a million shares a week.
Anyway dude, I hope you strike it rich. I lost money for the first 7 years before I found that the stock market is not a place for small investors who hope to get rich on a single strike. Build your fortune on small amounts. Take $500 here and $200 there. It really adds up and you don't take losses.
If you really want to get rich, wait for a year or so, save your money, and when the real estate market returns, jump in with both feet. That's where I make my money.
Good luck and best of everything to all of us!
As always, this is only my opinion.
Zion, be realistic. Who would pay $1.00 per share with a p/e ratio of 50,000/1. Man, I am not going to invest a dollar to get .00002 back every year, assuming the business stays profitable for 50,000 years.
That's essentially what your looking at with 5 billion shares out.
The only way that PLNI goes to $1.00 is if it does a huge reverse split, which it will have to do if it ever wants to attain status on any major board.
I would be extremely happy if the company publishes good financials, shows a profit and the PPS goes to $.05. I think that it will top at somewhere around .015 - .02.
I wish it was a large enough company to look at $1.00 but it just plain isn't with the existing share structure.
Do the math folks!
As always, this is just my opinion.
I'm a little bit afraid that when PLNI quits selling more of it's A/S and we're looking at 4.5 billion shares O/S, that the MMs will have no reason to hold the PPS. Then, anything they have shorted can be purchased at .003 or less.
4.5 billion O/S, even with the two small additional companies, will make the book value very small.
I was just looking at Lucent who has about 4.47 billion shares out and their book value is .07 per share and they are a very large international company. Their EPS is is .19 (2005) and their PE ratio is 15.78 on revenue of 9.44 billion and income of about 1.2 billion. Their PPS has dropped to around $2.80 per share.
Given similar stock structure with a few millions in sales and a loss, what would you be willing to pay for this stock (PLNI)?
Personally, I wouldn't even buy it, given these circumstances.
Oh well, pinkes are in the eye of the beholder (pinkeye?)
Good luck to all us poor souls.
$!.00 per share? Not in my lifetime with this share structure.
I heard that before State. Hughes Corporation merged with Raytheon Corporation, issued and "A" & "B" stock, and it took about 30 days through the SEC. I had stock in Raytheon at the time.
Just my opinion, but something isn't all good here with PLNI. I'm not bashing, I just think that some of what has been forthcoming in the PRs hasn't been all sweet.
I've heard all kinds of excuses, from others on the board here, trying to justify all of JT's procrastination.
I'm still in but skeptical.
Oh well, that's the Pinkies.
Never regret taking a profit because the stock went up. I sat on more than one stock that went up and then bottomed and is still there 5 years later.
Steady profits make a good year. Sitting and waiting for the big one has never made it for me.
Wished I would have purchased Yahoo when it was cheap and sold after the fourth spilt at around $225 (X4) per share.
Forsight/hindsite. Ain't it wonderful?
Just called Semco and asked if they were now owned by Plasticon. I was referred to Rodney for any answers so, since my favorite conversation doesn't include Rodney, I will assume that they are now owned by Plasticon.
Shorts: When Sasha took the short program, the announcers indicated that she has a history of falling in the long program when she does well in the short program.
I was glad to see Japan receive their first ever gold medal in womens figure skating.
I was also happy to see Sasha end in second after 2 falls. I was surprised that the russian girl finished third instead of second.
I wish that PLNI would finish in the medals pretty soon. I would like to see some promo of any kind, even negative.
I am not negative on PLNI but I am not a long-term holder either. For me, I think I am changing my short term strategy. I think I will reduce my channel to .0055-.0060 and work on 1MM shares. Ay least, I can pull about $500 a week out of PLNI. And, I still have 500K in reserve for long term which I'm into at zero, since I more than recovered my investment by selling half.
Then, if something does happen, I'll wait until the drawback and buy in again.
Yes fynley, I agree with all you've said. I have no misconceptions about any non-reporting pink stock. That's why I sell on the pop and buy on the drop. I have done well with this stock and if it goes to .0001 (or less as did CMKX)I will not be hurt. I've taken profit plus my original investment. I have 500K shares at .0059 and another 500K that was part of 1MM of which, half were sold at .01 plus which recovered my investment and a small profit. I've taken over $10K out of this stock so my overall average in and sale will leave me profitable even at the bottom.
I don't hold any pink unless I have recovered all of my original investment and have half of a purchase in my portfolio. That way, nothing bad can happen.
I also never buy into a pink with a major purchase until I have either researched the company and the PPS performance and then, I ease into it with a couple hundred thousand shares at what I feel is a drawback point.
I also watch my charts and when we get a bump and the MACD crosses and starts down, I'm gone.
Good luck. In the pinks, you need it or you need to learn that very very few of these stocks ever make anyone rich except the guy who's selling the stock (Owner & MMs)
I guess he went to the small cap expo. Like you, I wonder what he did there. Maybe he attended as a spectator?
Man, I have no idea what is going on with this company.
I wish that some of the folks that live there and have access to the company, would drop in and visit them and report to the board with a post.
Maybe the folks that live around Pro Mold and Semco could also stop in and visit them. Employees within a company usually have the grist and maybe we could get a straight scoop on the whole thing.
Once again, I hope we maintain support at .0055
State, you could be right. I think that either way, he is selling more stock but this time, I see no acquisition on the horizon. That will definitely hurt the PPS unless Turek shows a very profitable financial statement.
I doubt that that will happen since the only profitable holding he has is Semco. Pro Mold is just an extension of his current business and unless they had enough business to offset the increased costs of tooling and manpower for making the re-bar supports, I am afraid of it.
Also, I wonder if the reason that Turek didn't attend the conference is because it wouldn't do any good to make a presentation to financial people without audited statements. That's pretty much like going to any financial group and saying "Just trust Me!"
That wouldn't work very well either.
But, if they really plan on attending the March conference, maybe the audited financials will be out this March.
Oh well, that's pinkie world.
Shorts, watch out for Sasha. She's still odds on favorite for the gold in the womens long program and she's in first after the short program. I will admit that .03 is not much of a lead but I would take that as a PLNI PPS. LOL!
Could it be that Turek is floating some more stock to a financial organization at an agreed upon price? That could explain the big volume and steady PPS. However, I see that we are in for a drop again today. Best guess is what I said yesterday. It sure looks like .0055 or less. I can't see anything on the horizon right now that will stabilize the PPS. I only hope that the .0055 support we had last week will stay but I can't see why that should happen either.
In view of Turek's propensity to fail on his releases, I think we might be in for a drop like we saw last time before we have another good kick in the old PPS.
MACD continues to say sell.
I hope I'm wrong.
Good luck to all.
Dilution appears to be happening. With the quantities that are being traded, I can hardly believe that traders are dumping at this rate at this price and the general public is buying in these quantities.
At least they aren't dumping and running the PPS down to .0036 again. Hopefully, PLNI will try to hold the PPS up if they do intend to really go to OTCBB or on to AMEX.
2MM plus just went at .0059.