Dale, I do like PLNI. I think it will continue to be a going concern. I have said in prior posts that I follow this company because it haas been around for 18 years now. I just see it as it currently is, a pink sheet stock.
I have said nothing against either the company nor Big Jim. I have reserves about stock manipulation in pink sheets and I take profit when I can. Just dumped 500K at .0069 for a profit of .001. Made $500 and will see what the drawback brings. Looks now like I might buy back at around .006. I was in at .0059.
I see the company value and PPS price based on what I don't see and what has happened. If the company has over 500 stockholders and is worth over $20MM and sells stock, it must be a reporting company. PLNI has 5000 published stockholders, is not reporting, therefor, I must conclude that the value of the company is less than $20MM. With a dilution of 5 billion shares, that puts the stock value at .002 to .004 plus or minus.
I have a ton of experience in accounting and audits. I would like to see some financials. Until we see those, we are all investing on a hope and a prayer.
I like this board because of the interaction and the information. It's a good board and it's the only one I post on.
I hold other stocks but only two pinkies. Since I have now made close to $11K on PLNI, I see no reason to go hunting for another channel stock, especially since USSB and NITE are predictable based upon watching their tactics for many moons now.
Hope this answers your question and comments.
Good investing and lots of luck.
AI
