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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>
Unfortunaley no financial specifics exists for the co. so we are all at the same disadvantage and left each to his or her's own conclusions. I think the co. would be delighted to have assets offshore but it's not a realistic conclusion for where the money went. My conclusions about those shares and what the money was used for are based on my own observations in relation to what the company has said. IMO, privately financed means they used their own shares and I think the increase was a repayment to them. Furthermore, I concluded that they intended to introduce those shares into the float this month after initiating the Semco campaign and at the same time keep talking audit and buyback to keep investors frozen in place and share price up (PS has gotten in the way of that I believe). I think they really need the cash and they hope they can start generating money quickly with the spring coming and then finally get the audit done after the second Q. I know it's pennyland and we should get real and expect to be misled and do our own DD.The problem here, and the reason so many are frustrated, is there is virtually no black and white evidence on which to base any legitimate DD on. The black and white evidence PS has forced PLNI to disclose is not looking that good from where I sit. I could very well be wrong and PLNI will come through and do everything they said they were going to do but to me that does not appear likely right now.
Well put State! I think alot are hanging around because they feel like they have nothing left to lose or they have already recouped their original investments and the shares they have now are free. It's definitely put up or shut up time. Should be interesting.
I wish it were true. Alot of us were hoping they were but I think once they incresed the float the second time to over 2bil most of us realized that dream was over. GLTY.
I guess they meant the "number" of shareholders wasn't diluted. LOL.
IMO there can be no buyback in the immediate future. They have no money. Privately financed Semco & Promold? Yeah, they sold their shares and used it to buy them then they increased the AS and gave it right back to themselves. PS has messed up their plans to hype Semco and dump more shares this month. How come they can't get simple finacial info to PS when they have supposedly spent all these millions on an audit and uplisting? JMO.
In looking at the updated numbers it seemed strange in that they did not update shareholders or AS but left them as is. Your saying Howe was telling the truth when he said nothing had changed "one iota"? Did you read this on RB:
By: off2theraces
09 Feb 2006, 03:52 PM EST
Msg. 41009 of 41056
Jump to msg. #
Just talked to Tim at Pinksheets and this is the story. The quote is blocked due to excessive complaints of promotional spamming of the company by e-mail and phone calls and will not be restored to PK L2 quotes until the financials are out. The block last week was lifted due to a PLNI promise to deliver the financials by a certain date (yesterday) and filing them with the SEC and that date has passed as we can see. Tim says that PLNI has said that "any day now" for the "current" financials and the SEC filing but PK wants to see them before they will be allowed L2 there. Sorry if this has already been posted.
I said to him the complaints they received could have been tactics from bashers and he said "Uh YEAH" could have been. PLNI pays for L2 but PK said they have rules and being payed for L2 quoting doesn't matter according to their rules.
u read this post from RB:
They didn't post them until late last time. Should know something by 8:30 or so.
Same thing has been happening for a while now during the last 15 minutes. Price is brought down and then finishes at or close to opening.
I hear ya Rook!
Should be plenty of opportunities tomorrow boys.
I think you'll get your chance at lower prices today. The MM's are probably just making a little room up to drop it later.
That's why it was in quotes TFN. It was sarcasm.
Days not over and the new "financials" have yet to be updated.
What can you say when you get caught with your hand in the cookie jar?
PS seems to be the only ones that can get any info from the co. Would it be better not to know? I don't think so.
They didn't saay anything about it last time either.
Same here. Last time PinkSheets shut them down the float was increased. You can probably expect the same thing later today after COB. Re-entry after that would still be risky I think until there is some disclosure by the co.
That other shoe could be dropping soon TFN. The unreported dilution is a serious offense and there could be an investigation goin on. There could even be a gag order on the co. and that is why we've heard nothing. There are rumors that trading could be halted soon. If volume stays low those holding large positions are trapped. I hope the rumors are wrong but they were right before.
Hey Ben! Were you around when they couldn't complete the audit because the accountant doing it was off on his honeymoon? I guess I should have sold then.
Braden- Myself and others had the same discussion or should I say delusion. Turek's ability to manipulate SP via PR and their absence led us to believe that the only answer for intentionally making promises of announcements and then not delivering would be that he was trying to drive the price down in order to buy cheap shares. We further speculated after the first increase in shares that he had dumped those shares at a higher price in order to buy back more at a lower price. I think in light of the recent share increase and their forced divulgence the idea of a buyback is unrealistic. Remember, he said there would be no dilution also.
If you hold TBLU then you must think the possibility of a reverse merger exists? That would surely take care of the float bloat and serve the same purpose as a huge RS and make listing simple. Why do think Turek and Apple are surprised? They have semanticly split hairs to try to get around the D word even as it has occurred. Privately financed? I don't know enough about structuring a deal like this to make a reasoned assumption about how they have privately financed and are going to also buy back shares. My feeling tells me they are walking a fine line between accepted and questionable standards with no regard for the shareholders who actually believe in the co. I think Turek is a desperate man determined to pull this off at shareholder expense. We know the co. had no money going into this and Turek himself with financial problems. Where has the money come from, at what price and who is paying? Legitimate questions with no answers right? There is absolutly no transparecy as to what's happening and we can only speculate. If there were good answers I would think the co. would want the whole world to know. I have been holding an interest for a long time as well in this co. and never had any real doubts until the first unannounced share increases. The recent incident w/ Pink Sheets has destroyed any credibility Turek had left and was met with an in your face stoney silence. I'm watching this one real close now. A buck? T'was a nice dream. I would have settled for .25. GLTA.
They're going to have to get the share count down somehow.
I don't know Ben. I did notice that right after closing the spread widened like that which is unusual. I normally look at it after hours to try and see where things might be headed and it never gaps until later in the evening and never that much.
Ameritrade had it down 100% today. An error I guess?
X- Sorry about your TBLU. It's down 100% today
And the right conclusion DTL. IR doesn't know anything they can tell and has zero credibility. What we get is what we see in black & white. Anything else can't be believed.
Let the buyer beware Rook! I think Turek has another billion or so OS shares to dump over the next two weeks before the "news" on buyback/ audit hits. I wouldn't be surprised if Turek was buying on Friday to keep SP up so he could dump so more once he's had a chance to issue a few more PR pumps next week. I think your insticts are right and we should all do a gut check on this one and be prepared to do some dumping of our own until this company comes clean.
I'm glad today had a pretty happy ending compared to the alternative must of us thought we were facing. I understand the company has needs that must be addressed to keep moving forward and probably addressed them the only way they really could. But as TFN pointed out and we should all clearly understand it is a dog eat dog environment. The dog has bitten the hands that feed him and can no longer be trusted to have shareholder interest at heart (if indeed he ever did). We shall see about the buyback and the promise of no reverse split. In the mean time, let's enjoy the ride and be vigilant. GLTA.
Because that's their story and they're stickin' to it.
IR's Jackie says dilution was used to pay for services (lawyers, accts.) and had nothing to do w/ the acquisitions; expect PR's next week but she doesn't know what they will be about; audit and buyback news 2 weeks away.
Well he certainly has some 'splaining to do. He needs to show us the $$$$.
Have we found a bottom or is this a lull in the sel off?
Hopefully most will hold there ground and wait to see what happens before they put their sell orders in.
TFN- What do you think will happen today? Pre-market is holding.