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Bill Howe stated the 10K would be out on 8-11 or 8-14. Hopefully this will not be another broken promise on a matter of paramount importance. There were several other items in the Greenbaron interview it might do well for all of us to talk about if we can overcome our fixation on moron bashers.
A Few of My Thoughts are in post #14922 if you are interested in discussing Plasticon.
Why don't we talk about the Plasticon interview and other company related subjects and simply ignore these basher idiots. I had hoped we would be doing that today but instead all I see is people responding to meaningless attacks.
A Few High Points From The PLNI Interview
1. Pro-Mold and Semco are both owned by Plasticon and all necessary paperwork on this subject is complete. The 8-K on Pro-Mold has been submitted and Semco's is in the works.
2. PLNI is profitable on its product line but expenses such as the audits are taking their toll. Howe says that sales are up significantly and he expects the company to double in size over the next year. He also stated we have $800,000 in new contracts and that Semco is working on highway and condo deals in the Las Vegas area. We are also working with a number of Vegas casinos who are operating in Macao(That's in China)and we will probably be opening a branch office there.
3. Our relationship with Bluelinx(Now called Steellinx) is solid and growing. We have 4 machines dedicated solely to producing products for them. We also have been inventory control than in previous years. The 1st and 2nd quarter production in 2006 should outdo all of 2005.
4. There were a number of comments regarding the size of the float and possible remedies for the situation. They again restated that there will be no reverse split. Stockholders will be offered a stock exchange option sometime in September. I'm not totally clear on how they will handle any kind of a buyback but they did say they are planning to apply for reinstatement to the OTCBB and eventually move to the American Exchange. This could be accomplished as early as the end of August. Howe did mention that we are at the mercy of the auditors and SOX requirements.
Lastly, JT did not seem enthusiastic about the plastic lumber business stating that it has the characteristics of a commodity and he didn't want to get involved in that type of situation. My own opinion is that residential housing is not exactly a hot business right now so I tend to agree with his point of view.
Again, those of you who are having trouble accessing the interview send and email to support@greenbaron.com. You might address is to Rachel since she was very helpful to me.
A Few High Points From The Interview
1. Pro-Mold and Semco are both owned by Plasticon and all necessary paperwork on this subject is complete. The 8-K on Pro-Mold has been submitted and Semco's is in the works.
2. PLNI is profitable on its product line but expenses such as the audits are taking their toll. Howe says that sales are up significantly and he expects the company to double in size over the next year. He also stated we have $800,000 in new contracts and that Semco is working on highway and condo deals in the Las Vegas area. We are also working with a number of Vegas casinos who are operating in Macao(That's in China)and we will probably be opening a branch office there.
3. Our relationship with Bluelinx(Now called Steellinx) is solid and growing. We have 4 machines dedicated solely to producing products for them. We also have been inventory control than in previous years. The 1st and 2nd quarter production in 2006 should outdo all of 2005.
4. There were a number of comments regarding the size of the float and possible rememdies for the situation. They again restated that there will be no reverse split. Stockholders will be offered a stock exchange option sometime in September. I'm not totally clear on how they will handle any kind of a buyback but they did say they are planning to apply for reinstatement to the OTCBB and eventually move to the American Exchange. This could be accomplished as early as the end of August. Howe did mention that we are at the mercy of the auditors and SOX requirements.
Lastly, JT did not seem enthusiastic about the plastic lumber business stating that it has the characteristics of a commodity and he didn't want to get involved in that type of situation. My own opinion is that residential housing is not exactly a hot business right now so I tend to agree with his point of view.
Again, those of you who are having trouble accessing the interview send and email to support@greenbaron.com. You might address is to Rachel since she was very helpful to me.
Actually Rachel at Greenbaron Customer support emailed me the interview and it played perfectly.
I gave up on trying to access the Greenbaron interviews with JT and Bill Howe. Others tell me that they have also been unable to access these interviews. I'm getting an error message that Media Player can't obtain access. Do any of you know of any download that might make it possible to correct this problem.
A lot of people bought at .0018 and are now taking profits.
Jim - I haven't been able to get my cranky old computer to play the interview yet. Suddenly my sound card isn't working. I'm a little puzzled by the remarks I 'm picking up concerning the proposed "buyback" which is starting to sound more like some kind of deferred stock swap that will tie up our shares for the next year. I am withholding judgement until I actually hear what they have to say on this subject but I just wondered what your take was.
I've been trying to follow your advice and place certain people on ignore but the system doesn't seem to allow it. I think you have to be a paying customer to use the ignore feature.
Why don't you tell us something we don't allready know. And next time do it in lower case. ALL CAPS IS CORNY.
Like you, I can't get it to open. What's the point of using Greenbaron and giving them all that stock if 99% of the people can't hear the interview. I certainly don't feel its worth joining their website to hear one or two interviews a year. Maybe they should publish a transcript of the interview so that we could at least read it.
Low - I didn't know who else to ask about this. In order for a company to be uplisted from the Pink Sheets to the OTCBB I was under the impression that they had to file audited quarterly reports with the SEC. I've heard another opinion that only the 4th Quarter had to be audited but that the regular 10-Q reports need not be. What's your take on this. Thanks.
Bob
Jim - I do believe that we need to have audited financial statements to qualify for re-listing to the OTCBB. I also fully agree with you that PLNI is showing every sign of being for real. I'm really looking forward to JT's interview tomorrow.
Jim - I think I missed something along the way here. As far as I know PLNI has yet to file the audited financials for the 4th quarter of 2005. When did they publish any numbers for the 1st Quarter of 2006. If so, I must have missed it. If they really do have audited numbers for the 1st and 2nd quarters of 2006 then I'd say we are on our way to being re-listed on the OTCBB. I hope JT has more to say on this subject in the Greenbaron interview tomorrow.
Sanswire simply means "wireless or without wires" which refers to the fact that the Stratelite will aid wireless communications, that is, if it ever flies. Sanswire was the original name of the company GTE bought out.
When did Corporal Shatner ever post facts?eom
Anyone who sold on the rundown or didn't take advantage of these low current price will be singing an even sadder song in the not too distant future.
The usual method of compensation is with stock and I can't quote you an exact figure. Also the companies that do this type of PR work have to publish a disclaimer stating that they are being compensated and often they will quote exactly what they are receiving. If you have been investing for any length of time you probably get those slick PR pieces in the mail and they devote a whole half page on what they are being paid.
I haven't looked at Greenbaron's website in a while but there's probably something there about their dealings with PLNI.
I think JT is ready to start his move toward re-listing on the OTCBB and will have other good news for us. We've all made a lot of the long silence but it's now over as apparently are the accounting problems. If there's one thing JT is good at it's this type of PR operation and those of you who haven't heard him before will be impressed. Don't look for any immediate jump in the S/P. The re-listing will start that going. Also, I wouldn't be overly surprised if he does have some announcements on either new products or clients. These Greenbaron interviews are expensive and I don't think JT is going to waste his money talking about our accounting department.
JSL - Quick question(Actually 2)I'm also invested in another small pink sheet company(IBCX) which is in the restaurant business. Every month they publish a balance sheet showing what their activity was for the previous month. I'm wondering why PLNI can't do the same to keep its shareholders in the loop and end a lot of this pointless speculation. Also,(and this is really none of my business)I don't understand why you respond to posters like Captain Kirk whose been bashing endlessly on this board and even has his own PLNI basher board over on SI. This guy could give William Shatner a bad name if that's possible. JMO.
Bob
The PPS is meaningless at this point. PLNI has to show some real growth in revenue and a consistency in reporting its finances. This will get us listed on OTCBB and help to break the death grip the MM's currently hold on the PPS. JT is starting to deliver on some of the promises he made a year ago and if he continues to do so all the bashing in the world isn't going to mean anything.
I don't understand this outburst of postings on a sunday when there is no new news released. Just what brought this on. The last release fromt the company was on Friday, August 4th and I haven't seen anything since, so if I've missed something somebody please fill me in.
DTL - Like you I have been taking some advantage of the shrinking S/P to add to my position. I also bought in during the runup last year and now I have been able to average down to something more reasonable. I remain optimistic about PLNI's prospects and I have no intention of selling out anytime soon. I think that if JT delivers on his latest promises we have a good chance of getting on the OTCBB which should bring the first good runup in the S/P. This should be a good swing trader and provide plenty of opportunities for those of us who know the company to sell and buy back in several time on the way up.
Growth has allways counted more than short term profitability. A growing company allways has the prospect of turning profitable than one that is static. Usually, but not allways, growth overcomes fixed costs and even un-anticipated expenses. In a static company the least reversal can turn the company unprofitable.
JT's message contined some magic words that seem to have gotten by both the supporters and the bashers. When he referred to "New Products" I took the clear implication that this company is not standing still and both the audits and the move to the OTCBB could become secondary issues. Growth, not reporting or even profits, is the crack cocaine of the stock market and that seems what he is pointing toward. I look forward to the Greenbaron interview in the hope that JT will reveal at least some of what he has in mind for growing this company.
I would prefer that JT not do an interview with Greenbaron or anyone else unless he has something substantial to report. The fact that they once again missed a target date is not by itself a big deal since everyone is having trouble with all of these SOX requirements. PLNI has developed a credibility problem over the last year and the last thing we need at this point is a "happy talk" interview with rosy predictions of future reporting or other developements. When the reports are completed and we have some idea when the company will turn profitable then it's time to talk to everyone.
Any word on the Greenbaron interview?eom
Jim - We used to have a famous lawyer here in LA named Irving Kanarek who defended Charles Manson among others. His tactic was to object to EVERYTHING the prosecutor said or did. His trials lasted for years and some of the time he succeeded in getting a point or two across to the jury. A few of the negative posters on this board(I won't call them bashers) seem to be doing the same thing. Obviously, PLNI is a small company with a variety of growing pains and problems so, like the broken clock, they are right a couple of times a day. Otherwise I can't find anything to discourse with them or any real reason to do so. I appreciate your steadfastness, I just don't want to see you wear yourself out.
Bob
Jim - Again thanks for taking the time to analyze the latest info from PLNI. I fully agree with your comments on "Parkinsons Law" as it relates to PLNI. I also under the impression that Pro Mold was allready a profitable operation. If we do manage somehow to exceed the revenue figure you mentioned then there is a possibility we could be profitable by the 4th quarter.
I understand that JT is supposed to announce an interview with Green Baron for this week. Hopefully, he will not only have good news but that this will be the end of this prolonged silent period.
Fynley owns 3,000,000 shares and has expressed dissatisfaction with PLNI management when he felt it was warranted, especially during the "great silence" early this year. He also knows how to spell the word "personal".
Rick or whatever your name is I probably did get my messages mixed up. Anyway, it's apparent to me that you are still living in the past so I won't bother you any further. Using all caps in a reply is also bad form. Good luck with your investment.
RRM - I'm not a paying member so I have to respond to your private message publicly. What I took it to mean is that the most recent release by JT is nothing new and that he is resubmitting the numbers(also unaudited) that he put out on June 24th. Doesn't this leave us right back where we were? By the way I haven't heard anything from JSL so I assume that is the reason he hasn't had any comment.
Hey Sam - We've both been around since 1999 and this is the worst mess we've been through since the crash in 2000. Mr. Huff looked like wonder boy in the beginning but he's more than proven he ineptitude(at all of our expense) and it's time for him to go.
The GTE board should wait until after the delisting and then initiate a wide sweeping reform program including bringing in a highly respected and experienced outsider to clean house and get this company back on plan.
Right now it doesn't matter who did or did not do this or that. It's either reform completely or die as I see it.
JSL - Help! Check these numbers out and give us some idea how we look. Also, why do you think Turek is presenting unaudited numbers to the SEC when it's only a matter of days until the audited numbers should be available.
Jim - We don't just have a fox guarding the henhouse, we have a wolf. Before I say anything else I would like to note that I voted for Barry Goldwater in 1964 and I would vote for him again if he were alive and running for president. Nevertheless, I will be very happy to see the Republicans sent on their way this November in what I believe will be a landslide. They have not only violated their own principles and lied about everything but they have failed to look out for their own interests. Once we get some people running those congressional committees who are willing to look out for the public interest, hopefully, things may begin to change.
Nano - You mentioned the audit is coming soon. From what I have seen on this board it is supposedly due at the end of July which is now 5 days away. Do you have any more specific information on this point or should we wait for monday morning and see what happens?
I've been in a state of shock lately I had little to say as I'm sure most of you are also experiencing. GTE has let us all down badly and if it wasn't that they have probably the most loyal following of any stock currently being traded I think the S/P would somewhere in the single digit range.
AMEX most likely will follow through with the de-listing which appears to be well deserved and actually slower in coming than might have been expected. Our CEO has never really made the mental transition from the OTCBB and the first thing on any comeback agenda would be to eliminate him. He promised to resign if the company didn't meet its goals by November but I feel that his excessive gaffes should earn him an earlier demise. A respected outsider should be brought in as his successor and given full authority over all operations.
The company has the ability to survive this current crisis but decisive action must be taken and taken soon.
JMO and all are welcome to disagree if that's how you feel.
Bob (Proximan)
Dear Captain Shatner - I don't know what you are doing here since you have your own bashing board over on SI. Anyway, I've been with PLNI since last July and while things have developed unevenly we are now in a position where we can start feeling optimistic about this company. I own 3 million shares and I only discuss stocks that I own personally and only with people who also own shares. Please declare your position or you will receive no further communications from me.
Low - From what I have heard Tim Huff and AMEX have been at each other's throats for some time and AMEX has been looking for a way to dump GTE for some time now. I doubt if they are going to cancel out their own decision unless GTE takes drastic action, such as dumping Mr. Huff while the opportunity exists.
When the delisting takes place the institutional investors will have to dump their positions if they haven't done it allready which will create additional downward pressure.
Any additional bad information on GTE, such as a failure of the Stratelite to perform as advertised will create even more pressure. They are all out of free passes as far as I can see.
JMO