"Most know the story of Plasticon already, but we encourage those that do not to review the acquisitions of Pro Mold and SEMCO Manufacturing and see what they mean to the future of this potential leader of industrial and commercial products. It is a bit frustrating that Plasticon was forced to make stock issuances to pay for these strategic acquisitions, but results from these operations over the next several quarters and years could set record growth numbers.
The Green Baron Report believes that Plasticon truly wishes to reduce its shares outstanding and will be presenting a buyback program that could make heads turn. Most of the shares issued over the past year were done in good faith to make smart acquisitions, and we understand many of the shares are being held in kind against loans and are not expected to ever reach the market. Most importantly, we firmly believe that Plasticon still has absolutely no intention to reverse split its shares."
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.