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Agreed and deleted
Captain I said we have all been aware of the 6 billion for quite some time...months actually. I appreciate your link but I acknowledged it already. I was looking for some type of new release. Thank you regardless.
um...you are $10 million dollars incorrect...1,000,000,000 x .0012 IS NOT 12 million. It is 1.2 million. Please check your math before posting. This doesn't help the investment community and lends itself to hysteria.
Posted by: Captain James Kirk
In reply to: None Date:9/15/2006 4:07:13 PM
Post #of 16745
Volume: 104,687,490, no weekly highs here. Some one mad e ahuge pay day this week.
1 Billion shares at .0012 = $12 Million $$$$
Captain....please adhere to this. Otherwise you leave me no choice and deletion is not something I wish to do to anyone.
Posted by: gopackersgo
In reply to: Captain James Kirk who wrote msg# 16718 Date:9/15/2006 3:14:32 PM
Post #16732 of 16744
Captain you are welcome to post a negative opinion or a positive one for that matter that helps the investment community of this board make informed decisions. You cannot use it as a billboard advertisement with this new signature and espouse your opinions of bashers not existing, pumpers being prosecuted etc.
we have all been aware of the 6 billion for a long time. you post about it hourly. We were wondering if you had a newly published link to show additional dilution. It appears you don't
I really have no idea. Maybe a combination of all of the above. Its impossible not to argue that there is some dilution given the pps or addition to the float....for what and who I don't know.
I don't believe its for the Turek family as some have said. It may be tied to loans, promotion or equipment. It also may not be occurring...How is that for a wishy washy answer!
Have a good one!
Same rules apply for all of us. Notice your next to last post is gone.
Back to PLNI.
Captain you are welcome to post a negative opinion or a positive one for that matter that helps the investment community of this board make informed decisions. You cannot use it as a billboard advertisement with this new signature and espouse your opinions of bashers not existing, pumpers being prosecuted etc.
Lets get back to PLNI.
Capn,
how do you know the dilution is a fact? Some shares to Green Baron do not indicate a dilution. The pps may. Where is the recent release that shows the new OS and float numbers? Part of our commitment to this board is to make sure the investment community deals in facts and not hysteria.
If I have missed a release showing a new OS number I apologize.
"It is clear you do not understand.
First, it is not theories, it is fact."
No I really don't...other than they weren't suppose to be far behind....my guess is Turek wouldn't be villifying Mendoza Berger publicly if he needed them for anything else. DD and F seemed to be a top notch proactive group local. If so..then we can expect a quick turn around...but I know nothing for certain keynesian
you can say that again...you know keynesian the thing that gets me is the timing. I for one would have held the audit...and released it when I had 2006 ready to go...who knows?
which argument are you making? you just told me the other buyback comments didn't exist.. you said "back up that statement with a link" ....so we did!!
Now you are yelling at me on the timing of the buyback that you said was never mentioned or discussed? The link RRM gave to you was a resource to answer your question which is what this board is for...to help the investment community with information..I even gave you the minute out of a 40 minute discussion in which it was mentioned.
I dont know if a traditional buyback will ever happen....never said it would only that the company mentioned them together in the past....but this joust is over. ....the board tried to help your initial request.
Capn...I'm not posting ad nauseum on this. Use rrm's link as one source which was provided to you hours ago. Go to the 20th minute or so. The second buyback is casually mentioned... in the terms of buyback Howe always has mentioned both....sometimes referring to the second as a traditional buyback.
Again resources to assist investors are readily available by the good members of this board. I encourage you to use them.
Capn,
rrm posted a link for you nearly 45 minutes ago. If you really want help there are resources here that will post information when requested. Use them.
I would prefer to wait on the specifics of the plan before I make any pronouncements on it. Other wise it would just be hysterical inuendo on my part.
Captain to your reference in January the company has always been specific to define the plan to do this buyback and then subsequently a traditional buyback in the future. They have always seperated the two.
How do you know the specifics of the buyback?
Turek is quoted on the webcast yesterday saying "the particulars of the buyback program are so complex ....I don't want to misinform anybody..it will be available...and released publicly...and all questions will be answered at that point ......that way everyone will get the information all at one time...so there will be no misinformation...."
Captain keep it on topic or the next one will get removed. This is a board rededicated to the discussion of Plasticon International...not off topic SI sites..
"Name that Pumper by im a survivor:
http://www.siliconinvestor.com/subject.aspx?subjectid=27265"
very very good point on the 8k!!!
Gary first off you ask if I saw the manufacturing facilities at corp HQ and you didn't know they were 300 miles away in St Louis.....now you mention a dividend ? a dividend has never been mentioned by the company or on any board....please do some research before posting items that have no basis...it would save time for us all.
ok thanks for your response...
where did you here that to begin with?
Good points keynesian. But my understanding is there are new accounting systems in place as well as a Kentucky based firm. I think this new system and organization is reflected in some of the preliminary financial reports filed a few months ago on pinksheets.com.
I hope Q1 and Q2 are not far off. But I don't know for sure.
Gary please post on topic. You are welcome to PM and attack my trip etc. But from this point on lets use this board for what it was designed for....discussion of the business aspects of PLNI.
keynesian it was a great visit to PLNI HQ. We all agree they now have to cross t's and dot i's and deliver the long promised items, beginning with and not limited to Q1 and Q2.
you are most welcome
as I said on SI..I could careless what you think...by the way I have gotten over 50 emails today from folks thanking me for the post....if you think its nonsense...go visit...spend your money...and organize a meeting with Turek....until then.. dont tell me what I should or shouldnt have asked or posted......the post wasnt meant for your benefit...sitting in a lazy boy yelling at the players on TV is a sorry way to go thru life
I am very pleased with the results of the visit and where PLNI is going. Sorry that you are so bitter....
Put what Don had in....the links the pictures...it was all legit and contributed from paid users of ihub
LOLLLL....whatever gary....no not all...chopper is the most honest man I know....you won't find alot of that in the basher boiler room....
if you know anything about contract manufacturing...which it appears you dont...it varies based ON DEMAND...that includes staffing, scheduling, inventory control management etc....
by the way chopper isnt the only one to visit...and there were folks there on Saturday in the production facility....but why am I answering your questions...you just showed up with completely wrong assumptions...and no stock..
ps this facility is in ST louis...wanted to make sure we had at least cleared that up....lol
yes I have seen the numerous products as I indicated in my posts...
uh Gary this is one of the many reports on the manufacturing facility...that you missed
By: chopper255
11 Jan 2006, 08:47 AM EST
Msg. 30834 of 69532
Jump to msg. #
Thank you all for the good comments and feedback on ProMold. I would like to reprint this today a couple of times just in case any new folks stumble to the sight. I also want to Thank GreenBay for posting it originally for me as my rb appeared to be down.
And Most of all Thank you John Murphy and the Great ProMold Associates at the plant.
Chopper
Member
Member Rated:
posted January 10, 2006 16:18
--------------------------------------------------------------------------------
OT: Subject..ProMold Visit
My visit to ProMold was interesting, informative and money well spent. I will say this once and only once and will not respond to questions by board members that would or could be construed or implied as sensitive information. I was not given any insider information nor would I ask. This will be the only post on my visit. (TIA) I went merely to see a company in operation producing some of the product that was PR d by the parent company. What I found was nothing less than amazing.
I had called Jim Turek s office in advance and asked if I could visit ProMold at John Murphy s convenience and would Jim be Ok with it. I realize they have gotten a lot of grief as of late on the blogs and some really tasteless phone calls by crass investors. Surprising any company with an impromptu visit is just inappropriate and could be mistaken as an aggressive gesture by a disgruntled investor. Plasticon s response was it would be ok with Mr. Murphy s approval. I called John and asked the same question and he agreed to meet with me and set the appointment for Saturday the 7th. I arrived at ProMold to a warm welcome from the CEO.
We chatted in his office for a while and he then took me on a tour of the plant. John Murphy is a very shrewd and hands on kind of fellow with 40 years in the plastics injection and extrusion mold industry. He has owned ProMold for 20 years and has grown the company from its meager beginning to producing everyday use and specialty products for some very prestigious fortune 500 companies. A Coffee Maker company and a certain Battery company are just two of their clients.
When we walked into the plant the very first machine that I saw was Plasticon s Brand New Toyo machine. Very nice piece of equipment I did notice a new piece of equipment attached to the Toyo which is a high tech dryer used for curing the finished plastic rebar supports allowing the machine to recover and cycle faster producing more product in a much shorter time. There was product that had just come out of the machine sitting on the receiving table and I found myself holding the (what is thought to be by some investors the elusive 4 legged Plasticon Rebar Supports.) LOL
The plant runs the machines 24/6 and has ten high tech pieces of equipment in the main production facility. There is plenty of room for expansion for additional Plasticon Toyo s. At every single machine they have a quality control book to log every run of every machine every day and the QC supervisors actually run all the machines on each of the three shifts to detect any problems or nuances with the production runs and machines.
After all products are run, they go to a Quality Control room where key vital products are tested. In many of the parts produced (Each and Every Piece is tested, 100% inspection)! ProMold has developed a new testing machine specifically used to test rebar supports to meet and far exceed the specifications of the concrete industry for plastic rebar supports. SWEET! Quality control is a huge deal with ProMold and shows in their product production and Clientele.
The next room was the mold warehousing and refurbishment center. Engineers are used to keep this high dollar asset room pumping out molds to the machines for the various runs in the plant.
The next room was the tool cage to support the mechanics and engineers with the parts and tools needed to take on the never ending maintenance task of keeping all the machines running 24/6.
The next room was the equipment support center to supply the machines with water, power, air and HVAC to each individual machine as well as the same for the plant.
The next room was the raw material room containing a HUGE supply of product for the various parts produced. 55 gallon drums were the bulk of the product stacked 15 feet high and many layers deep. WOW
The last room in the plant was shipping and receiving with 4x4 pallets of product to be shipped that next week stacked 3 high and the length of the entire area 3, 4 and 5 deep. The trailers that were at the docks were already loaded and ready for pickup and shipment that next week. ProMold also has rail access for railroad shipment. BTW there was a boat load of Plasticon product going out that next week folks.
In summery the ProMold 35k sq ft operation can best be described as a Ferrari Power Train under a plain wrapper. This company is the real deal and so is the President John Murphy. I hope this eases some of the nervous investors and squelches some the nay sayers. Do your own due and Good Luck to All!
--------------------
its called buying a manufacturing facility in St Louis and Las Vegas....its also called having an exclusive agreement with a distributor with 64 warehouses across the United States...how much longer do you want to do this?
you read a sentence, pounced and now you are proven wrong without doubt...
gary first off you need to really not cut and paste from your SI post.......secondly you need to know what you are talking about...I can't believe you have the balls to attack my DD and visit...while you are completely clueless that the manufacturing facilities are 300 miles away in St Louis.
The bashers are desperate.
you own no stock and fabricated an entire event to damage this stock and company...you will not receive a response from me.
everyone is welcome....one typo...SEMCO produced the flooring and counters which were spectacular......not the cabinets to be precise...
I have gone back and forth on whether to post this or not. I
don't care whether you buy or sell PLNI. But the information I share now is for a truthful
disclosure on the company and Jim Turek.
As things have deteriorated in the past few weeks in regards to pps, I
have been chasing JT for lack of a better choice of words. At certain
points with some investments I make a conscious decision to look a
person/my investment in the eye. Is this person a crooked SOB? Does
this person know their business?
On Thursday of last week I went and met with Jim Turek for three and
a half hours. The plane ticket was $1500 and being down $100's of
thousands my very pissed off intent was to discover if I had been
duped. I arrived in Lexington and proceeded to the new
offices...somewhat disillusioned I was halfway expecting to find them
not there or some type of BS incubator.
I pulled in to the parking lot and looked at two new 5 floor office
buildings. On the signage amongst other companies was Plasticon
International. I proceeded to the offices. I was met by a sign that
welcomed me to the office. I was then warmly greeted by two executive
assistants as well as Mr. Turek.
I was struck by the professionalism and beauty of the office space. I
was struck by the graciousness of the staff. I was struck by Mr.
Turek's hospitality. As he gave me the tour of the office space, I
paid close attention to the flooring and cabinets. They were gorgeous
and unlike anything I had seen in any office space. Mr. Turek
explained they wanted to show everyone who came to the offices what a
great product they had. The flooring and cabinets were manufactured
and installed by SEMCO....and it was spectacular. He spent time going
thru the brochures and sample materials produced by SEMCO. It was
very impressive. He also went thru all the Pro Mold product set.
Again all very impressive and good to see verified and its not just
rebar supports. PLNI is complimentary but diversified.
Mr. Turek and I retired to his office where in painstaking detail he
explained his history and that of the company's. He explained in
competent detail the needs of the market and how he got his ideas on
plastic supports etc. He fondly recalled visiting construction sites
sitting after hours just talking to the heads of crews about there
distaste for tying metal supports, the problem moving them etc. It
was fascinating to listen to.
I also had a chance to ask many questions. Mr. Turek answered all
that he could and was careful not to cross any legal boundaries or
divulge anything that had not been made public.
We then took a late lunch and continued to talk.
This is what I left with. Things have not always gone his way. He has
made more than one bad business decision. He has been taken advantage
of more than once. But here is the interesting part. This man has
never lost his passion for building his dream and this company. He is
a man of honesty and integrity. He wants this to be a long term legacy
business for his children. He is a family man fiercely devoted to his
kids. He is simply stated in my opinion a good man. He understands
his customer's needs. He understands his complimentary product set.
He clearly sees his vision.
I'm in...I'm staying in and while I believe there is still much to do
I firmly believe this company is destined for success and sooner or
later that will be reflected in the pps. Mr. Turek will make it
happen in my opinion. Sometimes good guys do finish first and I hope
he will. I genuinely liked the man. He greeted me with open arms even
though he had received death threats the day before.
Good luck to you regardless of your investment decisions. Your
investment decisions are your own. I hold very many shares of this
stock and am not compensated by the company, its owners or any
affiliated party in any way.
great post!
if you want to discuss PLNI fairly then demand both sides be openly discussed always and fairly...