Replies to post #9143 on Plasticon International, Inc. (fka PLNIQ)

[state780]

Well, I imagine that if any true insider info is involved, that would be illegal and people would be open to legal harm. The only strange thing on that account that comes to mind is well known by longtime posters--the earlier prediction of the worm about the outstanding being somewhere around--what did he predict--more than 3.5 billion? Or maybe he said 3.7, which is what it turned out to be; I don't recall exactly. I agree it's strange and a bit inexplicable that he called that one with such accuracy. I honestly don't know if it's possible to make a reasonable inference to that degree of accuracy simply by looking at the public share records.

But there was another bunch of posters, me included, who were saying for months that dilution was underway, based on the behavior of WDCO and VFIN, the volume, and the pps. We were derided as idiots and bashers for saying so. The dilution turned out to be true--and then we were accused of getting inside information. In fact, it turned out to be true twice, and we were called idiots twice, right up until the day the truth was revealed. Some people, whose names I won't mention in the hope that they have learned their lesson, were very careless in confusing the second group with the first--if indeed there was anyone in addition to the worm who was calling that number. (shorts? I forget.) And that carelessness and truly reckless disregard of the truth is what ticked me off, my friend.

More than anything else, however, I recall long diatribes by numerous optimists, including rrm as noted in this thread today, explaining in great detail why dilution was not under way. And as I said before, they were not entirely unreasonable explanations. But they proved to be wrong. Well, people are fallible, so be it; but then they made the same mistake all over again with the more recent dilution. And that is why I am truly amazed that the optimists are saying once again, with a confidence identical to that of their two earlier blunders, that it's impossible that substantial dilution has taken place.