BB's Stock Haven

[nctrader52]

Good post from RB on PLNI

By: 5goldentiger
16 Jun 2005, 06:58 PM EDT
Msg. 2925 of 2964
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I just listened to the webcast. While I agree that an R/S usually spells doom, this may be one case where it doesn't. Most penny companies do an R/S so they can start the cycle again of selling shares and reeling in more money. PLNI is planning an R/S as part of the process of going to the otcbb. This will allow the stock to be more attractive to a broader audience, including money managers and we need their support for long term growth.

In the webcast, PLNI indicated they had no debt, they are profitable, they have a unique product that will replace steel in the future, their future outlook for sales and earnings are really positive and that they intend to provide a dividend to shareholders in the future.

Again, this just might be an R/S that works and the time to buy is when there is panic selling that drives the pps down. Once the reverse is done, with everything in place and the listing on otcbb gives PLNI a broader audience, more validation and money managers start positioning themselves to buy, PLNI could rocket and it might be hard to catch a ride...IMHO. Maybe that buy at the end of the day is fortelling...GLTY and take care, Judy

http://ragingbull.lycos.com/mboard/boards.cgi?board=PLNI&read=2925