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I certainly don't think you're bashing. I'm out at the moment, and the mysterious "awaiting SEC approval" on both Promold and Semco, when there aren't any SEC documents on file to be approved, is one reason.
Awaiting SEC approval, according to the last PR on this subject.
OT: Thanks to all the rational pro- and con- posters. Boards that are entirely positive or negative are pretty useless for potential new investors such as myself.
Yeah, it's a flaky low-volume stock. Right now it's up a "mere" 42%, bid/ask .013/.029, last transaction at .02, volume just over 200,000.
(Fixed this post--I'd originally said it didn't trade anything for most of the day....looks like I was wrong)
True--good notes that turn up every now and then (the TBLU possibility is an occasionally recurring theme on most PLNI boards). The problem is, there's no way to determine in advance how such a deal would be structured.
Or maybe they will actually acquire something, which they haven't yet.
Success: Much thanks/eom
BSDS close: Is there a fixed date for that, or is it one of those "any day now" goals?
"I doubt that that will happen since the only profitable holding he has is Semco."
Well, not even that, yet--Semco and Promold are supposedly awaiting SEC approval for those still mysterious reasons. And why haven't we heard anything about Promold for so long?
I agree it didn't make sense for Turek to appear at these conferences if he had nothing new good to say--but supposedly he did show at the Small Cap Expo run by MoneyTV, correct? And yet I've seen no rundown of what he said there, or news of a video playback of his presentation etc.
Anyway down it goes-so far.
It's more likely he's continuing to dilute the stock by selling more shares into the market. That's what he's done for the last year, over and over again. I'd be pretty surprised if the outstanding and float were still holding at 3.7 billion and 2.3 billion respectively.
Just a guess based on past performance and current pps.
Braden, that was posted yesterday, but later yeaimere posted teh following:
==================
Thanks penny, got a day ahead of myself.
Just received a call back from German
with Arch and he confirmed that PLNI will
not be there tomorrow!!! He cited scheduling
conflict and said that he had penciled them
in for March's conference. Sorry guys,
I'll lay off the cough medication.
==========
pardon my ignorance, mickvonmerk, but what does that mean?
Maybe you weren't around yesterday. Lots of posters on various boards called Rodney and contacted Arch via email or phone. Rodney said it was news to him--but he didn't say it wasn't true. Archconference said it was true that PLNI had withdrawn from Feb. 23 but would present on March 23. They said it was a scheduling conflict.
The plans apparently have changed again, and as I said, if that's so, good for PLNI. But this was no rumor. It's what Archconference was telling people yesterday.
That wasn't a rumor. That's what Archconference said when they were asked. If PLNI saw a negative reaction and changed its mind about not being there, good for them.
I may consider buying a bit if it returns to .003, for a swing.
I have no idea if it'll ever fall that low again, and have absolutely no confidence in my ability to predict price movement.
pretty quiet stock since I bought around .24 some weeks ago. I think 38K shares is the most activity I've seen since then.
GLTA
Pending SEC approval.
No penny, sorry for any confusion I may have generated. I have not called. Posters over at RB say they have contacted Arch, eg neztime:
=========
Hate to say it but just confirmed with Arch that PLNI is not going to be presenting at the conference due to "scheduling conflicts". IMHO, I think that it is more important to focus on getting the finacials out. What the heck good is a new PR campaign if there is no proof of anything more important going on, like making money? Nez
===============
And eg this from offtotheraces:
========
AI - i specifically asked if they re-scheduled and he said yes, definitely, to the 23rd of march.
=========
reason being given, as reported by posters relaying Arch replies, is "scheduling conflict."
Confirmations of conference withdrawal/delay over at RB.
pennydreams, does that email defnitively mean PLNI isn't there? I seem to recall an Arch Conference statement about PLNI making a "special presentation" at breakfast--maybe that doens't rank high enough to be included as part of this list, but they're still presenting? I'm a major PLNI skeptic, but wonder about that. Checking the Archconference homepage right now, PLNI is still listed in the earlier PRs.
DTL, thanks for report/eom
Does anybody think it's a little strange that there's no information coming out of the expo yesterday? No PR, and no reports of what Turek (or whomever) said?
Or perhaps there is something? I just haven't seen it.
Reminds me of the conference they apparently attended in Spain last year. They never said a peep about it, though they touted it in advance (which is fine, I would too).
Congrats btw to all current holders with the upward nudge today.
Excellent question, creative!/eom
Anyone have a clue about today's action? I don't see any news. It couldn't have been that "google news alert" ad that was a reprint of the Jim Turek superman ad, could it?
Agreed. This is degrading the signal-to-noise ratio.
"Here is the answer state...
PLNI pays Pinksheets for BOTH the on-site and Pinksheets.com L2 quotes."
Well of course it's a separate service. I think I said that.
(message edited to reduce snark)
"Do you agree that people like shorts are making a big deal out of nothing. Level II's never left Plasticon's website; just Pinksheets. I was told that Pinksheets was receiving a barage of faxes via a campaign from a source not acting friendly towards Plasticon."
You didn't ask me, but no! I don't agree.
When the L2s were first suspended from the pinksheets.com website, I asked in a very neutral way why that had happened. The answer I received via email was that pinsheets had observed a high amount of promotional activity and they could not find adequate public information about the stock. They didn't say anything about emails or faxes--but if lots of people complained about a dilution bomb after PLNI kept talking abot a share buyback, good for them!
As for the feed on the PLNI website, that's presumably a different service that pinksheets offers. I did ask, in a separate email, why that was still operating, but never got an answer.
OT: Also thanks for PMs. I'm a freebie,can't reply/eom
allin, much thanks for reply/eom
Newbie here. How long is this Cornell selling expected to continue?
Newbie here. What kind of timeframe are you guys looking at for significant movement (just to pluck something out of the air, say a double)? A few months? A year? TIA.
Cute ad, thanks!
Didn't know that, good to hear. Things have been pretty quiet (and red) since I bought in a few weeks ago.
FTN--Interesting history on HISC, thanks for that.
I just have a different perspective--I mean actually, I'm surprised people didn't "panic" more--the lowest it ever went after the shutdown at pinksheets.com was .0045 or something, on that day. Since then it's been slowly bleeding down, probably at no greater a rate than if nothing had happened. I doubt every stockholder even knows about this--I know of one fairly active PLNI board where there has been no comment on the pinksheets incidetn at all, save for one post with the boilerplate from pinksheets explaning why.
People who have rely only on the internal PLNI feed (which was what I had bookmarked) or the other L2 services might never know about this. And now, if they do learn about it, they'll look at the relatively mild decline and not think this is a big deal.
As for HISC, unless I completley misunderstand how all of this works, pinksheets could only have shutdown "all" of its own feeds--like the one still being supplied at the PLNI website. There are other L2 services you can buy elsehwere. Though it is interesting to learn they shut down the other HISC feed at the time.
Why would the PS position seem hollow?
Those are two separate services. The L2 feed is something PLNI pays for on its own website. The feed on pinksheets.com has all kinds of associated information, vetted to some degree by independent sources, represented as the best available information as far as pinksheets is concerned. That's why the L2 was pulled down--they don't feel they can verify much of anything. The only information being provided with the internal feed at the PLNI website is the L2s--which nobody disputes.
Two entirely different animals, IMO.
PLNI's primary product, as I understand it, has always been rebar supports, not rebar itself. The company IIRC is working on plastic rebar, but practically speaking that's far in the future. However, to my knowledge, the company has always said rebar SUPPORTS in its press releases--I don't think anyone can blame the company for confusion on that point.
The value of the acquisition of Semco doesn't depend on all-plastic rebar --that would be nice, but not essential IMHO. It's just the total combined corrosion-resistant synergies of a company involved in construction infrastructure across a whole line of products. The rebar supports on the one hand and the concrete sealant on the other go together very well, and could put them in position for all kinds of other developments in the future. It is worth noting that PLNI has said on several occasions that they believe Semco will be the biggest profit center in the future.
Those are different issues than the financial, acquisition, and dilution mysteries we've been talking about. On the product front, it all makes sense, and I can't recall PLNI itself ever confusing the issue of the difference between rebar supports and full rebars. IMO.
(message edited to fix mistakes on rebar v/ rebar support)
(and yes, Zoro, we do get the rebar/rebar support confusion from time to time)
I'm interested in the small cap conference announcement, but PLNI has gone to a number of these dog-and-pony shows before without provding any new information, so color me skeptical. But we'll see. They cancelled their last appearance at one without any formal explanation; allegedly they were walking the floor simultaneously at another convention somewhere else.
I sold & took a loss, as I've said on this board before, and am watching the stock for further developments--in either direction.
There should be much less mystery about the source of pinksheet.com's information than there is, and the same can be said for the suspension of the L2s.
The o/s and float are what PLNI has recently reported to pinksheets, and no one at Big Apple IR has said otherwise when asked.
They suspended the L2s because they observed a high amount of promotional activities (PRs and the like) and could not find adequate public information on the company. How do I know that? I asked pinksheets. Others have asked and got similar answers, though some attribute pinksheets' current interest in verifying information to a fax/email complaint campaign. Either way, they couldn't verify what they wanted--for now--and PLNI is in we'll-provide-to-you-soon mode.
You have asked me what's unacceptbale. Well, what I said in the post:
It's simply unacceptable for them to throw out this "awaiting SEC approval" business without explaining it-
Thats unacceptable for a company that wants to be taken seriously. That's my opinion.
Thank you.
No offense, Zoro, but in my truly humble opinion that would be a pretty convoluted reason.
Of course the real problem is with PLNI itself. It's simply unacceptable for them to throw out this "awaiting SEC approval" business without explaining it--especially in PRs headlined with news that that the acquisitions were completed.