Replies to post #25706 on Plasticon International, Inc. (fka PLNIQ)

[Pawsy]

""""I believe they are drastically overvalued with a $3m market cap right now""""

do you really think with all assets, including real property, they are worth less than 3 mill. Wow. explain please.

[cimarron]

19 million isn;t much of a loss... regardless, it's all priced in and then some..

Go look at NWACQ... from 39 cents to $6.00 in 7 months...

the losses they had were Multi-Billion... no profit for 5 years. I can;t even fathom what they were losing per quarter..

But the market does not see the past.. The market sees the potential...

[Kaz92040]

They are trading below par, last I checked. The remark has two conditions and I'm not surprised that you ignored the other one - they have been adding value to the company - whether the pps shows it or not - by paying down debt, acquisitions & now there is another company to purchase. If it takes issuing shares to help pay for these things then I'm all for it because it makes the company sucessful in the long term.

Kaz

[cimarron]

Maybe it's just the way people see things..

In my neighborhood a house is a million..

This Co is only worth 2.9?


Maybe 19 million or 2.9 million is a lot to some people.