Replies to post #4209 on Plasticon International, Inc. (fka PLNIQ)

[shortsinthesand]

Plasticon Announces: No Reverse Stock Split
Tuesday June 21, 10:03 am ET
Based on Potential Sales and Earnings, Plasticon Expects Number of Shares Issued and Outstanding Will be in Line With Projected Growth, Therefore Eliminating the Need for Reverse Split


LEXINGTON, Ky., June 21, 2005 (PRIMEZONE) -- Plasticon International Inc. (Other OTC:PLNI.PK - News) today announced that there are no plans for a reverse stock split based on projected sales and earnings.



``A reverse stock split is absolutely off the table,'' said Jim Turek, President and CEO of Plasticon International, Inc. Mr. Turek added that should it be necessary to reduce the number of issued and outstanding shares, management is committed to both retiring its own personal shares and the company is committed to buying back shares as well.

Tuesday June 21, 10:03 am ET

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Reduce: To make smaller?

The fact is this company has been singing the BUY BACK BS BLUES for months and the whole time has been selling new fresh shares into the market. Not buying back any shares? Jim just failed to mention he had to finish selling first, thats all!

OS now at or over 2,500,000,000 shares