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Somebody has to sell if there is to be buying. Flippers keep the stock moving and can drive the price up or down. Holding a pinkie long term is a fool's errand unless you have money to burn. Getting emotionally involved in a stock you believe in is a risky business. Best to watch for your opportunities and move in and out when you can.
At least it's not going any lower. Seems to have found a new bottom. We need some news.
It's going to happen X. It's no coincidence that the same day PLNI was forced to disclose share changes TBLU's info on its business description and shares disappeared from PS. Why would that happen? PLNI's merger will save a dying "listed" company and PLNI will not have to be concerned about trying to pass muster to get listed. Financials will come out later when they're stronger and share structure gets reduced w/o the RS as promised and TBLU will be changed to PLNI. I'm not an accountant, maybe Jim could help out here, but I'm sure they're advantages for PLNI in doing a merger with TBLU.
Why? It makes perfect business sense if you think about it. Especially for a company with suspect financials.
Jim, IMO they are unable to do anything without 1Q results and maybe not even then. IMO they will be running silent for a while trying to make PLNI look like a real company.
How much of a pullback will we see tomorrrow before it moves North aagain?
Decent volume today w/o the bottom falling out. Hopefully we'll see some green again tomorrow.
Thanks Hands! Doesn't sound too encouraging though.
Sounds about right to me Jim. Dilution should be coming to end soon and the cards will have to be layed on the table. Nice to be playing with free shares eh Jim?
Without news. With news is anybody's guess.
C'mon TFN. More money in the pot. Maybe we'll get a nice pop on it next week.
Looks like it could make a run next week over .05. Light volume today with little movement either way.
IMO, the MM's are in complete control of this stock right now and are moving it up and down at will. Co. could be selling shares.
If the shoe fits Spence..... Turek has played this one like a pump and dump pro with a lot of promises and lip service for the shareholders he can't seem to ever deliver on.
Is that a tease L2 ASK or are we going to finish near where we started?
That' probably the plan TFN especially since PS has been a non issue and the same info is available through the co. site. The new money isn't hip to any credibility issues and PLNI will bring in more new investors once Jim revs up the PR machine again. Then as you say, it will be a run for the exits.
My guess is he's not finished yet TFN and could be the reason he is so reluctant to give PS what it wants. They blew his cover once and I don't think he'll let it happen again. He knows like you that there is still money to be made here before he has to deal with the inevitable share restructure.
Is it always this quiet around here? What happened today? Was that an MM maneuver or what? What a spread. Is this stock going anywhere? Seems like you can do alright by selling into the early morning spike and come back in later on in the day.
PLNI did not comply completely with a disclosure request from PS.
It seems to be looking like a merger would kill two birds with one stone for Turek. What that means for the shareholders is anyone's guess.
Nice work River! Here are some excerpts from the 10QSB TBLU recently filed with the SEC:
The Company has devoted no efforts in the further development and marketing of products since the first of this year. The Company's ability to continue as a going concern is dependent upon (i) raising additional capital to fund operations (ii) the further development of its products and, (iii) ultimately the achievement of profitable operations. Management is currently contemplating several additional financing sources to fund operations until profitability can be achieved.
The Company is uncertain whether current financing commitments will provide enough working capital to fund operations until profitability is achieved, and may have to pursue additional financing sources during the current year.
During the third quarter ended September 30, 2005, the
Company’s common stock was thinly traded and often under $.01. One may construe this as a cautionary indication of the Company’s ability to continue as a going concern. During the third quarter ended September 30, 2005, and since, the Company has sought viable merger and/or acquisition candidates.
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As I think Fynley pointed out a while back an RS is only the kiss of death if the value of the shares is reduced as well but he also pointed out that RS are abused and have been an easy way to pick shareholder's pockets. As long as the new share price reflects the value of the investment prior to the RS it doesn't matter. Jim said no RS. Doesn't need one if he merges into TBLU, which, I think is very likely and will be announced soon.
Good question X. PS changed TBLU's business description and OS to not available the same day they reported the share increases for PLNI. Now PLN and TBLU wake up on the same day. Coincidences? Remember, Shorts was the first one to bring up on the board the idea of a reverse merger into TBLU. It's looking like it could happen any day now. My question is what will the share structure look like if that happens? TBLU only has about 37million shares.
PLNI PLASTICON INTL INC COM
(OTC)
$0.0065 0.0007(12.07%)
Is there news out?
Nine posts missing? Nano you're busy with Mr. Brown. Reading your posts Mr. Brown (the ones that haven't been deleted) I get the wierd feeling like I'm listening to the computer in the movie 2001 Space Odyssey. Daisy, daisy....
Ben, PLNI makes the supports that hold the iron rebar in place for now anyway. They are working on the rebar itself but that is still in R&D stages from what I understand. Semco product can coat the plastic supports as well as the iron rebar thus extending both their lives. Can also waterproof the road surface. At what cost? I don't know. Certainly it's cost effective for the rebar and supports. Hope this helps. Many have confused the supports and rebar itself.TTYL.
The float is actaully around 2.4Bil now. There has been some speculation that Turek would do a reverse merger into a company he already owns (TBLU)that is listed on the OTCBB and only has 37mil shares out.
Turek playing B-ball in his Superman of Plastic shirt...now that would be worth the price of admission?
Yes, the acquisitions. I thought that's what we were talking about? Of course you didn't find them. You can't find out anything about the co. We don't know what PLNI has promised them. They obviosly,IMO, didn't sell their companies for the cash PLNI had to offer. So, speculating, PLNI says we have contacts, distribution, patents, DOT approval and will be attracting major investor money upon listing and make you rich as shareholders and you won't have the drudgery of running your companies anymore. They say, great, we agree to let you buy us if you can deliver on getting listed. Far fetched? Maybe?
The Terms. What are they?
PLNI keeps splitting semantic hairs to CTA. The acquisitons could very well be done....on paper. But what does that paper say?
My take on the SEC approval caveat is that the acquisitions are dependent on PLNI getting listed and they have yet to submit the application therefore the SEC would not know about it. If PLNI doesn't get listed, no deal. Semco and ProMold both walk.
Is there a way to prove it? Last time everyone sreamed shorting the co. was dumping shares. Maybe they're still doing it?
State, you can send and respond privately during Happy Hour on Fridays if you like.
How do you know they are shorting them?
To me there seems to be to many inconsistencies in the explanations coming out Jim. We went from full speed ahead with the PR in the last week of Jan. Everything was pointing to an exciting Feb. and then nothing for almost two weeks.
Agreed Jim! Total garbage about the phones. Whatever it is they are preoccupied with must be highly important because it seems to have rendered them unable so far to do anything else they were planning on as stated in their PR.
The truth is in the semantics. Can also apply to Howe saying the share structure hadn't changed one iota because in truth it hadn't but the share count certainly did.
State you are absolutely right about the vision. That's why alot of people have stood by through thick and thin so far but it's turning into a real crap shoot right now and the sidelines is a good place to be now if you don't want to risk your investment. If there is a train to catch you'll have time to climb on borad with over 2Bil in shares out there now. GLTY>