I'm new on board. I bought PLNI a few weeks ago and added more when it went down. It looks like a good company with a lot going on. June 15 will be featured in a micro cap conference in NYC with Tobin Smith as one of the moderators . What do you think? Worth adding more at this price (have 200,00 shares)?
Chart attached.
Tightening BB, MACD crossing over, price action confirmed today @ .015 now
Correction: .016, its moving
I have been in and out of this one. Seems fine long term with the concept.
Was hyped on many boards and shows. Always leary of the hype. But trading has been solid recently. On my Watch list. It has been mentioned on the board in the past. You can read more by typing it in Search.
Question...
Is your screen name a reference from Napoleon Dynamite ?
If so, did you see the link of the kid at the Spelling Bee ?
Hilarious....Here it is.
http://www.ebaumsworld.com/videos/napoleondynamitespellingbee.html
Yea, it's definately been hyped a bit, but I've done a lot of DD on this company and everything looks solid. 10k is coming out soon (so they say), and Semco acquisition is nearly complete. The audit and acquisition results will be the turning point in this company's history.
And to answer your questions, nope, I have been using this screenname for more then 4 years now, but I get asked if chickens have large talons a lot ;D
That spelling bee video is absolutely hilarious, I like how the announcer wonders if it's some sort of secret message.
http://biz.yahoo.com/pz/050630/80901.html
http://biz.yahoo.com/bw/050617/175248.html?.v=1
« on: June 14, 2005, 09:32:52 AM »
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http://www.amtdrt.inlumen.com/bin/story?StoryId=CqQ5wqbKbmty1yJmXmti
Below is from my past post.
Although HISC would not qualify as " On Fire " right now, it is difficult to find a better situation for an investment.
Keep close on radar as they have stepped up the PR.
MRKL, PLNI, & GZFX will all do very well this year.
Just keep watching until the time is right.
==================================================
Although PLNI is not on Fire yet, it is only a matter of time, IMO.
Place PLNI on the watch list. Volume was stronger yesterday.
It may drop from here so I am not recommending a strong buy yet.
Keep an eye on PLNI. ;) The product has potential and setting the stage for future movement to an exchange upgrade with a major partnership.
I see it building a base and will let you know when I make another buy.
I think the company has " HISC " Potential. Read...
Been following for months and Bought today.
Plasticon Announces: No Reverse Stock Split; 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., Jun 21, 2005 (BUSINESS WIRE) -- Plasticon International Inc. (Pink Sheets - PLNI) 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.
"Our sales and earnings potential is the key driver for our company, and we expect an adequate number of shares as we move forward," Mr. Turek said. "The market potential for our three main product lines - rebar supports, transportation signage, and plastic lumber - is so enormous that a reverse stock split is not required. Rebar supports is a $25 billion per year industry. Transportation signage is a $20 billion industry in the U.S. alone. And plastic lumber sales, which have been rising at a rate of 40% per year, are increasingly gaining market share. We are strategically positioned to become the dominant force and to profit from our product innovations as recycled plastic continues to gain acceptance as the industry standard material for these applications. Increased government regulation, the skyrocketing price of steel, and Plasticon's cost-effective, superior products all combine to position Plasticon for continued profitability."
Plasticon International recently announced that as of the second quarter of 2005, the company is profitable. "This is really a thrilling time for us because the world is catching up to our vision. The assumption now is that companies should be environmentally-friendly. We've proven that not only is it the right thing to do, it's the profitable thing to do. We look forward to continuing to provide value to our customers, the public and our shareholders."
Mr. Turek emphasized that after years of laying the foundation of the company, through research and development, product innovations, patent approvals, and applying for and receiving DOT acceptance in all 50 states, Plasticon is now reaping the fruits of its labor. "I believe that the most important trait in business is persistence. With the help of our dedicated, distinguished management team, we built a great base and now we are ready to move into the next phase, which is our aggressive sales and marketing rollout. We are just beginning to see the impact of our exclusive contract with the largest building materials distribution company in the U.S. That contract now makes us the largest supplier of rebar supports in the country. We are also ramping up our global sales and marketing efforts and we certainly expect exponential growth with our major product lines in the near future."
For more information, please visit Plasticon International online at www.plasticonintl.com.
About Plasticon International, Inc.
Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, transportation signage, plastic lumber, and office supplies which are all produced from recycled and recyclable plastics. Plasticon is a leader, an innovator of cutting edge design, engineering, and production of industrial and commercial products. Plasticon is a green Company, environmentally-friendly, using recycled plastics to produce its line of products.
I added more this morning.
Definitely a hold. Bright future like HISC. Will trade up and down but I expect a large breakout.
Do the DD on it before buying.
-Jeff-
I have been following for some time.
Originally, thought it may be a pump and dump.
After review, I see an opportunity.
CEO great at marketing. Orders and relationships can push this thing much higher.
Do the DD as every penny is high risk.
-Jeff-
I'm now watching it very closely and considering investing. Seems strange that today's volume is coming in huge spurts with dead periods in between. I see three huge spikes, perhaps very large orders?
I see a good six spikes ~400k+ shares (~$6000 each). It's not so odd for a PK. I'm watching, the chart looks alright, but nothing fantastic yet.
Let me clarify. I held HISC and began speaking about it when 1-2 cents. Then 1000% plus.
Same stage here. Keep a watch. Not on Fire, but potential is the same, IMO.
Patience is key here.
News:
Plasticon Contracts For 10-Year Supply of Recycled Plastic Raw Materials, Enabling Major Increase in Rate of Projected Growth
By PrimeZone
Last Update: 7/21/2005 10:00:16 AM
Data provided by
LEXINGTON, Ky., Jul 21, 2005 (PRIMEZONE via COMTEX) -- Plasticon International Inc. (Pink Sheets:PLNI) today announced that the company has contracted with five new sources of recycled plastic resins. The new resin supply would provide enough recycled plastic resins to fulfill Plasticon's projected orders for the next 10 years.
"The sheer abundance of recycled plastic is one of the most attractive qualities of our sector," said Jim Turek, President and CEO of Plasticon International. "With five new sources of resins, which allow us to fulfill our orders over the next decade, we can now focus more on our sales and marketing efforts. We can also assure our distributor, which is the largest building materials distribution company in the United States, that we have enough raw materials to fulfill all of their orders."
Mr. Turek noted that the increase in recycled plastic resins was mainly due to recycled plastic from landfills. "Our suppliers are now looking at the plastic in landfills as a major source of resin. The nice thing about working in our sector is that there are POSITIVE side effects to our business, rather than the traditional negative side effects with many industrial businesses. We not only provide value to our customers and our shareholders. We also indirectly perform a public service by helping to recycle plastic materials that are found in landfills across the United States. Being environmentally-friendly is very important to us - we have been a green company since our founding. I think that people are finally beginning to understand that being environmentally-friendly is not only the right thing to do; it also makes good business sense because unlike many natural resources, the materials are incredibly abundant."
Quote from: mix_master_mike on July 21, 2005, 11:00:03 AM
I see a good six spikes ~400k+ shares (~$6000 each). It's not so odd for a PK. I'm watching, the chart looks alright, but nothing fantastic yet.
Strange, HarrisDirect only shows 3 spikes that high. Oh well, not a huge deal I just thought it was strange....maybe it's HD's fault.
fill_the_gap, your track record is VERY impressive. HISC was a great find, and even without doing any dd I've confidence in this pick. It will take a little more on the technical side for me to enter in (esp. b/c its a pink), but I've got it on my watch.
Best of luck!
Thank you.
Will move quickly in the future, IMO.
I have to hold it in order to not miss the move.
Like the CEO, company and the strategic opportunities.
But trading will be up and down so be willing to wait or hold on.
Do not worry intraday.
Just my opinion.
-Jeff-
Seems people are waiting on official audited numbers.
May be 4 weeks, who knows for sure.
I will hold my entire position and not speculate on the numbers.
But you all may want to wait to see what they are to make a decision. ::)
-Jeff-
An interesting chart, to say the least.
symmetrical triangle....breakout
If the numbers are correct, the potential is great for this unique concept.
It may fly. Full position and holding.
Added .017.
Like what I am seeing recently with PLNI chart.
looks really nice(technically) fill ;) and you got some fundamentals down...should be ready to rock :) (thx - applaud)
Market showing something coming with the buying the past few sessions.
Added more PLNI.
Read about the concept and potential.
Profitable statements already. Orders.
Jeff,
I jumped in on this one, too, today. After the huge run up in May, spent a couple months consolidating. Hope it's ready for another similar run.
Quote from: eliteG on July 25, 2005, 11:52:21 AM
looks really nice(technically) fill ;) and you got some fundamentals down...should be ready to rock :) (thx - applaud)
Well, well, well. The old pink trick again! :o
Breakout!
Symmetrical Triangle.
Applaud................ ;)
More "news". These guys are pretty good at the art of self-promotion. Doesn't look like investors got too excited over it today, though...
Skyrocketing Price of Steel Helps Position Plasticon for Major Growth with Recycled Plastic Rebar Supports Product Line
Wednesday July 27, 11:01 am ET
Construction Companies Look for Higher Quality, More Cost-Competitive Alternatives with Plastic Rebar Supports Instead of Steel Rebar Supports
LEXINGTON, Ky., July 27, 2005 (PRIMEZONE) -- Plasticon International Inc. (Other OTC:PLNI.PK - News) announced today that the soaring price of steel will have a major impact on Plasticon International.
The rising trend in the price of steel over the last year and a half has had a significant impact on the construction sector and has been a hot topic in the industry. According to an article in the Miami Herald by Gregg Fields, ``Steel is increasingly becoming a precious metal in the American economy. Thanks to a ravenous appetite for steel in fast-developing China, a rebounding U.S. economy, and a weak dollar, steel prices are rocketing upward and supplies are short.''
An article in Inc. magazine noted that in 2004 the construction boom in developing Asian countries helped to drive up steel prices 46 percent. And The Florida Times-Union, in an article by Timothy Gibbons, reported that ``last year, according to American Metal Markets, an industry trade publication, China imported more than $1 billion worth of American scrap, a world record. The country used more than 36 percent of rolled steel and half of the cement in the world, according to the People's Daily.''
``We certainly believe that the rising price of steel is one of several major industry trends that is helping Plasticon achieve success with our plastic rebar support product line,'' Mr. Turek said. ``Our domestic distributor, the largest building materials distribution company in the United States, has noted that demand has been increasing steadily. We believe that the dramatic rise in the price of steel over the last year and a half has made construction companies look harder at other options, rather than relying solely on steel products. And when they see what Plasticon has to offer, they realize that our innovative products are not only more cost-effective, our cutting-edge engineering also gives the end user a much better product, which is stronger, much easier to install, more versatile, and offers the most advanced design and engineering product line in rebar supports ever to be offered in the marketplace. Our products completely prevent spalling (corrosion damage) and prolongs the life of the structure. Together, these factors make our product offering a compelling proposition. So yes, I would say that the rising price of steel has been a boon to Plasticon International, because it really forces construction companies to do a more detailed assessment of the alternatives and then the demand has naturally increased for our products.''
Mr. Turek cited Plasticon's relationship with R&S Manufacturing as a recent example of the direct impact that the soaring price of steel is having on Plasticon International and the industry. ``R&S Manufacturing is one of the oldest and most respected names in steel post-tensioning cable, and they recently contracted with Plasticon to supply our plastic rebar supports to all of their post-tension cable customers,'' Mr. Turek said. ``R&S recently increased their order by 50 percent, and in fact, they are exclusively supplying plastic rebar supports to their customers, rather than steel rebar supports. The soaring price of steel certainly has something to do with this, in addition to the quality of the engineering with our plastic rebar support product line. This will have a major impact in our industry in terms of the acceptance of recycled plastic rebar supports as the industry standard.''
The rising price of steel has wreaked havoc with budgets in the construction sector. ``The price of steel has led to a lot of uncertainty among construction contractors and has made it difficult for them to provide reliable pricing,'' Mr. Turek said. ``We are fortunate because our raw materials are so abundant, therefore we can reliably provide our products at a much more cost-effective price point than steel. Again, we see the soaring price of steel as one of the major industry trends that is driving business to Plasticon International as we move forward.''
Based on world demand and the dramatic increase in construction in emerging markets, the price of steel is unlikely to retrace, but rather all indications are that it will continue to rise. This trend is very likely to continue and has very positive repercussions for Plasticon International's core business -- their recycled plastic resin rebar support product line.
something tells me the audit completion will be announced on Tuesday. This thing will run up to 5 cents on Tuesday and then to 10 cents by the end of the week. Don't miss out chasing this.
Please use the PLNI thread that was created awhile ago.
Type PLNI in the Search bar.
No big deal, just confusing when using multiple threads for the same company. ;)
Everyone tomorrow's the day. Buckle in and enjoy.
Please use the search. This board is getting crazy its turning out to be a free for all
Press Release Source: Plasticon International, Inc.
Plasticon to Acquire Pro Mold, Inc., one of the Premiere Injection Molding Facilities in the Midwest
Wednesday August 3, 8:30 am ET
Privately Financed Acquisition Gives Plasticon the Production Capacity for an Additional $20 Million in Manufacturing and Sales Annually
LEXINGTON, Ken., Aug. 3, 2005 (PRIMEZONE) -- Plasticon International Inc. (Other OTC:PLNI.PK - News) announced today that this week the company will acquire Pro Mold, Inc., one of the premiere injection molding facilities in the Midwest. The privately financed acquisition (with no dilution for PLNI shareholders), will dramatically increase Plasticon's production capacity to $20 million in manufacturing and sales annually for this facility alone. As part of the terms of the agreement, senior management at Pro Mold, Inc. will be retained.
``The timing couldn't be better for this acquisition because our sales are ramping up at a vigorous pace and one of our top priorities is to expand our production capacity to meet rising demand for our products,'' said Mr. Turek, President and CEO of Plasticon International. ``With that in mind, immediately after the acquisition we will be adding molding machines that will allow Plasticon to double the current capacity of the facility.''
Pro Mold, Inc. a state-of-art custom plastic injection molder of thermoplastic materials in St. Louis, Missouri, has been in business since 1987. ``We are thrilled about this acquisition because not only does it allow us to considerably increase our production capacity, it also allows us to ensure that we continue to deliver the highest quality products to our customers,'' Mr. Turek said. ``The facility has totally integrated closed-loop systems with programmable logic control in addition to the most advanced drying, heating and cooling equipment to ensure material integrity and shot-to-shot consistency. The unsurpassed quality control at Pro Mold is one of the reasons they have a reputation as one of the preeminent injection molding facilities in the Midwest.''
For more information, please visit Plasticon International online at http://www.plasticonintl.com.
About Plasticon International, Inc.
Plasticon International (http://www.plasticonintl.com) designs, produces and distributes high-quality concrete accessories, transportation signage, plastic lumber and office supplies which are all produced from recycled and recyclable plastics. Plasticon is a leader, an innovator of cutting edge design, engineering, and production of industrial and commercial products. Plasticon is a `green' Company, environmentally friendly, using recycled plastics to produce its line of products.
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934, and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, management and maintaining growth, the effect of adverse publicity; litigation, compensation, and other factors which may be identified from time to time in the Company's public announcements.
Contact:
Plasticon International, Inc.:
Jim Turek, President and CEO
3166 Custer Drive, Suite 101
Lexington, Kentucky 40517
web site: www.plasticonintl.com
Investor Relations:
Bill Howe
Ph: 800-889-0915
--------------------------------------------------------------------------------
Source: Plasticon International, Inc.
Press Release Source: Plasticon International, Inc.
Plasticon's Acquisition of Pro Mold Inc. to Increase Production Capacity to an Estimated $20 Million
Wednesday August 10, 8:30 am ET
LEXINGTON, Ky., Aug. 10, 2005 (PRIMEZONE) -- Plasticon International Inc. (Other OTC:PLNI.PK - News) announced today that the company has completed primary due diligence on the acquisition of Pro Mold, Inc., one of the premier injection molding facilities in the Midwest.
ADVERTISEMENT
The privately financed acquisition (with no dilution for PLNI shareholders) will dramatically increase Plasticon's production capacity to $20 million in manufacturing and sales annually for this facility alone. Said Jim Turek, President and CEO of Plasticon International, Inc., ``As we continue to increase our sales and as demand continues to rise, this acquisition will be critically important in terms of fulfilling our obligations to the growing needs of our clients. We look forward to welcoming Pro Mold, Inc. to our team and working with the seasoned senior management at Pro Mold, who will be retained as part of this deal.
``Our legal counsel has just completed the initial due diligence on Pro Mold and has given us the green light with the acquisition, pending completion of Pro Mold's audit which should be finished in less than 30 days,'' continued Mr. Turek. ``We are happy that this process has moved forward expeditiously, and we have set a tentative closing date for the first week in September.''
According to Mr. Turek, the acquisition was necessary to meet the growing demand for recycled plastic products in the construction industry. ``This acquisition is essential to the growth of Plasticon International,'' he said. ``We are experiencing the strongest growth in the history of the company. We attribute this to several factors including the rising price of steel, which has created a major shift in the construction industry away from steel and towards recycled plastic, and the fact that our products are stronger, more durable, more versatile and more cost-effective than metal rebar support products.''
Pro Mold, Inc., a state-of-art custom plastic injection molder of thermoplastic materials in St. Louis, Missouri, has been in business since 1987. ``We are thrilled about this acquisition because not only does it allow us to considerably increase our production capacity, it also allows us to ensure that we continue to deliver the highest quality products to our customers,'' Mr. Turek said.
For more information, please visit Plasticon International online at http://www.plasticonintl.com or contact 1 866 THE APPL(E).
About Plasticon International, Inc.
Plasticon International (http://www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, transportation signage, plastic lumber, and office supplies which are all produced from recycled and recyclable plastics. Plasticon is a leader, an innovator of cutting edge design, engineering, and production of industrial and commercial products. Plasticon is a green Company, environmentally-friendly, using recycled plastics to produce its line of products.
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934, and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, management and maintaining growth, the effect of adverse publicity; litigation, compensation, and other factors which may be identified from time to time in the Company's public announcements.
Contact:
Plasticon International, Inc.
Bill Howe, Investor Relations
(800) 889-0915
--------------------------------------------------------------------------------
Source: Plasticon International, Inc.
Bush Signs $286.4-Billion Highway Bill
From Associated Press
MONTGOMERY, Ill. -- President Bush opened the gates today for spending a whopping $286.4 billion on roads and bridges, rail and bus facilities, bike paths and recreational trails, saying the projects from coast to coast would spur the economy and save lives.
Critics said the 1,000-page transportation bill was weighed down with pet projects to benefit nearly every member of Congress. The bill's price tag over six years was $30 billion more than Bush had recommended, but he said he was proud to sign it.
ADVERTISEMENT
"Highways just don't happen," Bush said. "People have got to show up and do the work to refit a highway or build a bridge, and they need new equipment to do so. So the bill I'm signing is going to help give hundreds of thousands of Americans good-paying jobs."
To make his point, Bush signed the measure at a suburban Chicago Caterpillar Inc. plant in the home district of House Speaker Dennis Hastert. The Republican leader oversaw nearly two years of negotiations on Capitol Hill to get a slimmed-down version that Bush would accept.
Bush spoke to workers outside the plant, surrounded by sparkling new construction machinery. Two cranes held a sign that said "Improving Highway Safety for America" over the portable stage set up with a wooden desk for the signing.
The bill signing was the second ceremony this week that has taken Bush from his Texas ranch, where he is spending about five weeks on a summer break from the White House. On Monday, Bush went to New Mexico to put a new energy policy into law.
Two years in the making, the highway bill contains more than 6,371 special projects valued at more than $24 billion, according to Taxpayers for Common Sense. The distribution of the money for these projects "is based far more on political clout than on transportation need," said Keith Ashdown, vice president of policy for the group.
Alaska, the third-least populated state, for instance, got the fourth most money for special projects -- $941 million -- thanks largely to the work of its lone representative, House Transportation Committee Chairman Don Young. That included $231 million for a bridge near Anchorage to be named "Don Young's Way" in honor of the Republican.
Bush mentioned a pet project in Hastert's district -- the $207 million Prairie Parkway connector to join two major highways in the growing region outside Chicago. Hastert has been pushing the project for years although state officials are not convinced it's the best way to ease traffic, and some critics say it will promote urban sprawl, hurt the environment and swallow up fertile farmland.
look what i found on the business plan for PLNI
Plasticon will sign a letter of intent to acquire US Plastic Lumber
www.usplasticlumber.com/
This transaction has been agreed upon in principal, a letter of intent will be signed this month.
5) Georgia Pacific has requested Plasticon begin supplying GP with plastic
lumber
this thing will be huge.
Huge PLNI ad will be on Investors Business Daily.
http://www.investors.com/corporatenews/nw111.asp
The timing seems odd but I think this is to focus all the new eyes on PLNI for a big PR on wednesday. Remember, the Investing contact person is Matt Maguire of Big Apple Consulting, the same contact person for HISC. Should we be seeing a HISC-like run? We'll just wait and see. Do your own DD and find out yourself.
http://www.plasticonintl.com
This could be huge with some time.
Did not know Matt Maguire was the PR guy ?
Where do you see that ?
Only aware that he does HISC and ADDI for now.
Please post.
i sent an email to Plasticon at
[email protected] . Here is the message I got back.
Thank you for contacting PLASTICON INTERNATIONAL, INC.
Your message has been forwarded to Matt Maguire, Head of Investor Relations for Plasticon, Int'l. He can be reached at (toll free)
866-843-2775.
Sincerely,
Plasticon International, Inc.
or at
[email protected]His name is even in the right top hand corner of the front page of the homepage website http://www.plasticonintl.com
hey investor....nice info...nice to keep it in play as it might breakout this week...read the article on jim turek....giving you an applaud for keeping it in play and the info....fill the gap..i believe found this one....cool... 8)
Investor,
You are correct, nice job.
Matt did not mention them on a call to him Friday ?
I asked him who they represent. He said ADDI and HISC are the main for now.
They had RVMN in the past.
Expect alot more PR then. Sometimes too much.
I got an HISC packet this weekend with the PR releases.
It mainly was to generate excitement for the Tuesday Conference Call for HISC.
I will be watching PLNI.
Matt Maguire is looking like a million bucks. PLNI this week rocks!
looking like a great week.
Up 17% so far. A big PR must be near.
This is BIG NEWS.
Plasticon International Inc. to Retire 200 Million Shares
Wednesday August 24, 8:30 am ET
LEXINGTON, Ky., Aug. 24, 2005 (PRIMEZONE) -- Plasticon International Inc. (Other OTC:PLNI.PK - News) is pleased to announce that their Board has approved the retirement of 200 million shares, the first step in a process designed to decrease the total outstanding shares and increase shareholder value.
ADVERTISEMENT
``We believe that the retirement of shares will add tremendous value for our shareholders,'' said Jim Turek, President and CEO of Plasticon International. ``This is the first step in a share restructuring process. The restructuring will be reflected in a share price that is more truly representative of the actual value of Plasticon's shares. We firmly believe that this is in the best interests of both our shareholders and the company.''
Mr. Turek added that Plasticon International is committed to a program designed to enhance shareholder value through a comprehensive strategy, starting with this initial retirement. As a part of this restructuring strategy, the Company plans to undertake a buy back program for still additional outstanding shares.
The retirement of 200 million shares is in addition to positive earnings. Plasticon recently announced that it is profitable as of the second quarter in 2005. ``We believe that the retirement of shares will be significant as the first step in a process that should result in a better reflection of the value of Plasticon's shares,'' Mr. Turek concluded.
The Company will be featured on Investor's Business Daily web site for 30 days starting Monday, August 22, 2005: http://www.investors.com/corporatenews/nw111.asp.
For more information about Plasticon International, please visit the Plasticon International web site at http://www.plasticonintl.com.
About Plasticon International, Inc.
Plasticon International (http://www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, transportation signage, plastic lumber, and office supplies which are all produced from recycled and recyclable plastics. Plasticon is a leader, an innovator of cutting edge design, engineering, and production of industrial and commercial products. Plasticon is a green Company, environmentally-friendly, using recycled plastics to produce its line of products.
Plasticon International, Inc.
Jim Turek, President and CEO
3166 Custer Drive, Suite 101
Lexington, Kentucky 40517
web site: http://www.plasticonintl.com
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934, and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, management and maintaining growth, the effect of adverse publicity; litigation, compensation, and other factors which may be identified from time to time in the Company's public announcements.
Contact:
Plasticon International, Inc.
Investor Relations:
Matt Maguire
(866) 843-2775
13.5 million shares traded already.....20 minutes....huge voluume...breaking out..?
basically they have traded 30 million shares in the first hour.....also ...the ceo of plni is on the cover page of INVESTORS BUSINESS DAILY FOR 30 STRAIGHT DAYS FOR HUGE PUBLICITY....THEY GOT HIS FACE PLASTERED ON THE FRONT PAGE ALONG WITH HIS STORY.......... ;D.......lets see what happens when all the investing community sees the atricle :P.....
well.........it looks like when your on the cover of ibd...and everybody sees that....the price drops....won't be doing that EVER again....even if the train leaves without me...and least i'll still have my money in my pockets to ride another train ;D
you have to admit, the ceo is not an attractive man at all.
LMAO
maybe they should have shown a babe :D
Source: Plasticon International, Inc.
Plasticon Receives Patent Confirmation for PAC Chair III -- Plasticon's Patents Now Valued at $20 Million
LEXINGTON, Ky., Sept. 12, 2005 (PRIMEZONE) -- Plasticon International Inc. (Pink Sheets:PLNI), the technology leader of the recycled plastics sector, announced today it has recently received confirmation of the company's patent for the PAC Chair III product, the latest innovation from the company.
The PAC Chair III, in one product, replaces all four conventional metal rebar support products -- wire, galvanized, epoxy coated, and stainless steel. "Our industry first PAC Chair III includes the mesh market and the on-grade market with a single product that is both stackable and self-contained with a sand plate, allowing for 3 heights (2 rebar and one mesh)," said Jim Turek, president and CEO of Plasticon International. "This makes the PAC Chair III the most versatile individual rebar support on the market today."
Sales of the PAC Chair III will be made through Plasticon's exclusive domestic distributor, the largest building materials distribution company in the U.S. with 63 strategically located warehouses nationwide.
"Because the PAC Chair III products are stackable, they are much more convenient for workers in the field," Mr. Turek said. He continued to state that, "Metal rebar supports are not stackable, making it difficult to carry more than 32 at a time in a large box. However, the PAC Chair III is stackable, allowing a worker to carry up to 225 individual supports in that same size box. This product gives the construction industry a tremendous opportunity to increase efficiency and productivity. The PAC Chair III also reduces shipping costs. We are pleased that the demand is so high for our newest product offering, and we believe that the clear advantages this product offers will continue to drive sales."
The PAC Chair III is the most recent patent that the company has received. According to an independent appraiser and the federal courts, Plasticon's recycled plastic product patents are valued at $20 million. Additionally, since the inception of the company, Plasticon has built an inventory of injection molds that the company owns outright, which are presently valued at over $10 million.
For more information about Plasticon International, please visit the Plasticon International web site at www.plasticonintl.com. Plasticon was recently featured in Investor's Business Daily and can be viewed on the Investors.com web site for 30 days starting Monday, August 22, 2005 at: http://www.investors.com/corporatenews/nw111.asp. It can also be viewed on the Plasticon International web site at: http://www.plasticonintl.com/manofrecycledplastic.pdf.
About Plasticon International, Inc.
come monday morning...i'm out of this SCAM.....too many forks in the road which tells me they are misleading the public or don't know how to run a profitable company...except turek who has been lining his pockets with investors hard earned honest money. screw him. if a penny stock doesn't move up in 3 months...it's time to let it go...pennys are suppose to be volatile...not steady eddies for months on end like blue chippers....i'm in doubt....SO WHEN IN DOUBT, GET OUT... >:(.........i'm going to take a small loss....but i'm learning and let me tell you...that small loss sure makes me feel good...part of the learning curve.. ;D
Hey 52, I think your selling to early here! I am buying at open RSI hit 30 Friday and I am thinking this is going to bounce. Just my Opion, but from my experience you can some pretty good cash on a bounce of RSI 30. >:D Watch it!
good call higher stocks...haven't sold yet...watching it.. 8)
looks like it wants to go up... ::)
I am expecting a big move on this next week! >:D
Alot of acumilation and not alot of selling. I expect this thing to really move next week if a good PR comes in
This news may finally cause a nice price move today.
2005-10-18 08:30:11
Plasticon to Complete Pro Mold, Inc. Acquisition on November 9th
At Closing, Plasticon Will Receive Plant Equipment and Contracts Valued at Close to $5 Million Annually
LEXINGTON, KY -- (MARKET WIRE) -- 10/18/05 -- Plasticon International Inc. (OTC: PLNI) is
pleased to announce that the company will meet with Pro Mold, Inc. on
November 9th to complete the privately financed acquisition.
"This acquisition is truly a new beginning for Plasticon," said Jim Turek,
President and CEO of Plasticon International, Inc. "It brings to closure
one phase of the company, and represents the dawn of the next phase of the
business. Plasticon will no longer rely on contract manufacturers and we
can now control our own destiny through our own proprietary manufacturing
methodology. This is a major milestone for the company and represents a
great advance in our production capabilities."
Mr. Turek also mentioned that Pro Mold, Inc. is currently profitable and
has contracts that are worth close to $5 million annually. "Pro Mold, Inc.
is one of the premiere injection molding companies of the Midwest and we
look forward to welcoming them to the Plasticon family. As of November
10th, the Pro Mold facilities will be wholly owned by Plasticon, and will
become the centerpiece of our manufacturing operations. The Pro Mold
facilities allow Plasticon to produce up to $20 million in production and
sales annually as is. And with the addition of the new high-capacity
molding machine that Plasticon recently purchased, the plant will now be
able to produce up to $28 to $30 million in production and sales annually,"
Mr. Turek said.
For more information about the company and for important updates, please
visit the Plasticon web site online at www.plasticonintl.com. Plasticon was
recently featured in Investor's Business Daily and can be viewed on the
Investors.com web site at:
http://www.investors.com/corporatenews/nw111.asp. It can also be viewed on
the Plasticon International web site at:
http://www.plasticonintl.com/manofrecycledplastic.pdf.
About Plasticon International, Inc.
Plasticon International (www.plasticonintl.com) designs, produces, and
distributes high-quality concrete accessories, transportation signage,
plastic lumber, and office supplies which are all produced from recycled
and recyclable plastics. Plasticon is a leader, an innovator of
cutting-edge design, engineering, and production of industrial and
commercial products. Plasticon is a green Company, environmentally
friendly, using recycled plastics to produce its line of products.
Looks like we got some play here. ;D Anybody have any news?
Looks like a company buy-back being announced this month. This could run.
On the move it looks to me like the buying oppurtunity is now look for the pps to really explode soon. :o The news is awesome
Looking good today. Closing strong and at high of the day.
Flying into the close. WOW :o
Strong close today pushing past resistence and high volume. You buy this one today higher? I failed to pull the trigger......
-fousc
Hey Fousc, I did buy on Friday at .0044 only bought 100,000 shares though. I will hold and see if the uptren continues. They will need to come out soon about the buy-back though
Breaking down the 50 day ma resistance point today. Up 30% since yesterday's entry already :)
.0071 for a HOD, nice way to break the 50 day moving average
A month or so ago, I wrote an article on penny stocks, advising readers, as I've often done, to consider steering clear. I received a thoughtful response from a reader and thought I'd share it with you. Jeffrey T. said:
"I found your Motley Fool article on penny stocks nearly right on the money ... however, not ALL penny stocks are scams. Take Plasticon International (OTCBB: PLNI), for example. They are a fledgling company utilizing recycled plastic to manufacture concrete building products such as rebar supports and, coming soon, plastic rebar. With the future rebuilding efforts after Hurricanes Rita and Katrina, alternatives to steel products will be sought. Add to this, the company has recently acquired a company specializing in concrete sealing. This product along with the rebar supports can easily add YEARS to the life of bridges and buildings, by reducing the amount of decay from environmental impacts and corrosion. I would like to see you do a follow up story to the one you recently wrote, and highlight that there do exist some DIAMONDS in the pile of shiny rocks as you so appropriately quoted!"
Jeff, your wish is my command. There surely are some diamonds in the pile of penny stocks -- I'll concede that point immediately. The problem is, they're not so easy to find, and I'm not even sure that you've found one in Plasticon.
Plasticon's green flags
Your email did make Plasticon sound quite enticing, so I tried to look up information on it. I struck out at my usual sources of quick data, such as our own Quotes and Data area and even Yahoo!'s offerings. The place where I found the most information was Plasticon's website. There, I learned that:
The firm is 17 years old.
Its "line of patented, plastic concrete accessories has been approved or accepted in all 50 states and several foreign countries including Poland, Israel, Canada, Mexico, and Egypt. In addition, its transportation signage has received DOT approval or acceptance in all 50 states."
It has recently dramatically increased production capacity to $20 million in annual sales -- and up to $30 million, soon.
The market for rebar supports was $27 billion back in 1993, suggesting that there's plenty of money to be made if Plasticon's plastic rebar is accepted and purchased.
Plastic lumber sales in the United States are growing at 40% per year. I've seen plenty of plastic lumber and am impressed with it. Tom Gardner even recommended plastic lumber maker Trex (NYSE: TWP) in our Stock Advisor newsletter. (Though its stock has been having a bad year.)
A link to a profile of the company in a newspaper reported that the firm's products are used in all 50 states, and in more than 200 bridges across the nation, as well as elsewhere. Also, the firm has received patents valued at over $20 million and has an inventory of injection molds valued at over $10 million. (Inventory, like patents, isn't necessarily a good thing, unless it's put to good use.)
The firm is planning to buy back shares -- some 200 million to begin with -- which can boost the share price.
Plasticon's red flags
The only trouble is, despite all this information, I didn't see some of the info I was seeking. Specifically, I couldn't find:
Copies of quarterly and annual financial reports filed with the Securities and Exchange Commission (SEC).
Reports on just how much money the company has taken in in revenues over the past years and quarters, and how much it has kept as profits. (One press release listed on the company website had a headline that said "Plasticon Announces Company is Profitable as of Second Quarter 2005," but the link to the article was no longer working.)
Reports on the company's financial health. For example, how much debt does it have, and how much cash? Sometimes terrific companies crash because they can't service their debt or just don't have enough money to keep the machinery running long enough to make money.
This is pretty standard stuff for most publicly traded companies. For example, a quick trip to the website of Buffalo Wild Wings (Nasdaq: BWLD), a $225 million company recommended in our Hidden Gems newsletter a few months ago, offers links to annual reports and SEC filings, among other things. (Grab a painless free trial of Hidden Gems and see what other small, dynamic firms we've recommended.) It's the same with $650 million Rule Breakers recommendation Myriad Genetics (Nasdaq: MYGN), which is up some 14% since being featured a few months ago. (Try Rule Breakers for free and see the whole list of recommended stocks.)
There's other information I'd want before I'd consider investing in this firm, too. For example, who are its competitors and how are they doing?
Above all, I'm left wondering why the company, if it's doing so well, isn't offering any data on its financial health and performance for investors and would-be investors. One might argue that such details might be hidden so as not to inform competitors, but still ....
I tried one last resort. I called the Investor Relations contact person listed on the website. I thought I'd gotten the wrong number at first, though, because the call was answered by a Florida-based consulting company, which apparently handles investor relations issues for the Kentucky-based Plasticon. Regardless, I asked the fellow to send me the company's latest financial statements -- and was told he couldn't. He said they would be available in the near future, and that he'd send them to me. This was a week or two ago, and all I received was a press release announcing that "Plasticon Transfers Wholly Owned Inventory of Injection Molds to New Production Facility" and "Injection Molds Have Been Independently Valued at $10 Million." I even asked for past reports, while I wait for the latest ones. That went nowhere, too -- they simply weren't available.
In a nutshell
I've seen, read and heard enough about Plasticon now to make me not want to invest in it. This could end up being one of many investments and non-investments I regret later, but that's OK.
The company's market cap, or total market value, appears to be in the neighborhood of $15 million. That's pretty darn tiny. A simple, successful mom-and-pop store down the street might carry such a value. The stock price is a mere penny per share. If the firm is really doing so well, why are the stock price and market value so low?
I remain committed to my belief that most stocks valued at less than $5 per share carry such low prices for good reasons. These "penny stocks" tend to be volatile and are easy to manipulate and lose money on. Basically, I'd rather invest in firms with established and impressive track records and more transparent finances. If Plasticon one day offers more data on itself, I'll be happy to take a closer look, since the company and the industry are quite intriguing.
In the meantime, there are lots (and lots) of more established and exciting companies. Even Tootsie Roll (NYSE: TR) is compelling -- as W. D. Crotty explained recently. He pointed out that had you invested $1,000 in Tootsie Roll back in 1957, you'd have more than a million dollars now, as its average compound growth rate over the period topped 16%. Then there's Avon (NYSE: AVP), which as M. D. Mitchell explained, is growing slowly but surely and may grow much more, thanks to a presence in China. And Stock Advisor selection 7-Eleven (NYSE: SE), which recently reported sales up 17% and profits up a whopping 54%. See? Lots of promising candidates for investments -- and they all have financial statements ready for your examination.
So am I here to slam Plasticon? Not at all. I just don't know enough about it, even though I tried to learn -- which is the problem. If you know more than I do about Plasticon, as you well might, I invite you to share more information on our discussion board.
Learn some fascinating stuff about penny stocks in these articles:
Straight Talk on Penny Stocks
A Penny Stock Penny-Pinching Guide
Penny Stock Nation
The Right Kind of Pennies
Be a Penny Stock Millionaire!
Penny Stocks From Heaven
Selena Maranjian's favorite discussion boards include Book Club, The Eclectic Library and Card & Board Games. She owns shares of no company mentioned in this article. For more about Selena, view her bio and her profile. You might also be interested in these books she has written or co-written: The Motley Fool Money Guide and The Motley Fool Investment Guide for Teens. The Motley Fool is Fools writing for Fools.
do you think it is a BUY at current levels?
today
0.0069 - 19%
with all the good news we had and yet to come (buyback)?
some TA would be appreciated!
thanks
7 consecutive red days for PLNI
brought it back to 0.006 (from 0.010)
when do you TA's see this as a BUY opportunity - would like to learn things like that
thanks in advance.
one last try :-\
Plasticon International Inc. Completes Audited Financial Statements
Monday May 8, 8:56 am ET
Plasticon Completes Audits and Submits Filings to the SEC
LEXINGTON, KY--(MARKET WIRE)--May 8, 2006 -- Plasticon International, Inc. (Other OTCLNI.PK - News) is pleased to announce they have completed their Audits and have submitted its filings to the SEC. Plasticon International Inc. has completed their audits for 2003 and 2004 and will now move expeditiously to complete their audits for the year end 2005 and the first quarter of 2006.
Plasticon International's financial statements have been audited by Mendoza Berger Company, L.L.P., CPA, who has served as the independent auditor for the Company during the fiscal years ended December 31, 2004 and 2003. Plasticon International's financial statements have been filed along with an information statement on http://www.pinksheets.com. The Company is presently nearing completion of the 2005 audit and expects to make its filings available in the near future, along with the first quarter of 2006.
ADVERTISEMENT
Upon completion of the 2005 year end audit and the first quarter of 2006, which the Company fully expects to have in the very near term, Plasticon will submit the necessary filings to move the Company to the OTCB.
"We have commissioned a leading Market Maker to submit the necessary filings with the SEC and NASD to move the Company up to the NASDAQ Bulletin Board," said Jim Turek, President and CEO of Plasticon International, Inc. "It is our goal to move the Company to the NASDAQ Bulletin Board as quickly as possible. Once we have completed the move to the OTCB, we will then focus on bringing the Company to the American Stock Exchange."
Mr. Turek added, "This is a very exciting time for Plasticon International, Inc. This is truly a milestone for the Company. By completing its audits, Plasticon is moving forward and getting closer to its goal of moving to higher markets. In the coming days and weeks, the Company will be making additional financial information available to its shareholders and the public, which will include un-audited financial statements for the first quarter of 2006. These numbers will clearly show a dramatic turnaround in the sales and earnings of the Company and demonstrate unmistakably that the Company has turned the corner has now begun the initial stages of its growth years. Upon making the first quarter of 2006 financial statements available to our shareholders and the pubic, we fully anticipate being re-quoted on http://www.pinksheets.com."
Mr. Turek also noted, "There are many significant developments regarding sales that the Company will be discussing with its shareholders and the public in the coming days and weeks. Additionally, we will be implementing the buy back program and addressing the share structure of Plasticon International, Inc. Once again, the Company wishes to be clear that there are no plans for a reverse split now or in the future. The Company fully intends to address the restructuring of Plasticon's issued and outstanding shares through the buy back program, and we fully intend to commence the buyback in the very near term."
2004 Annual Report!
https://www.otcstockinfo.com/repository/671/671_FR3.pdf (https://www.otcstockinfo.com/repository/671/671_FR3.pdf)
http://www.pinksheets.com/quote/finance.jsp?symbol=PLNI
Posted: Wed May 10, 2006 8:10 am Post subject: PLNI - Plasticon International - News:
--------------------------------------------------------------------------------
PLNI -- Plasticon International, Inc. (PLNI) SqueezeTrigger Price Is $0.008; Approximately 794 Million Shares Shorted Since January 2005 According to BUYINS.NET Research Report
CORONA DEL MARA, CA, May 10, 2006 (MARKET WIRE via COMTEX) -- WWW.BUYINS.NET is initiating coverage of Plasticon International, Inc. (OTC: PLNI) after releasing the latest short sale data to May 2006. From January 2005 to May 2006 approximately 10.4 billion total aggregate shares of PLNI have traded for a total dollar value of nearly $83.5 million. The total aggregate number of shares shorted in this time period is approximately 794 million shares. The PLNI SqueezeTrigger price of $0.008 is the volume weighted average short price of all short selling in PLNI. A short squeeze is expected to begin when shares of PLNI close above $0.008. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://WWW.BUYINS.NET.
Month Total Vol. Short Vol. Avg. Price Short $ Value
----- ---------- ---------- ---------- -------------
January '05 99,733,360 7,679,469 $0.003 $ 23,038
February 162,740,080 12,530,986 $0.003 $ 35,087
March 69,280,392 5,334,590 $0.003 $ 15,470
April 105,720,168 8,140,453 $0.003 $ 23,607
May 1,030,887,616 79,378,346 $0.011 $ 849,348
June 639,579,456 49,247,618 $0.015 $ 753,489
July 450,594,752 34,695,796 $0.015 $ 530,846
August 429,448,672 33,067,548 $0.013 $ 423,265
September 423,765,856 32,629,971 $0.013 $ 437,242
October 462,601,408 35,620,308 $0.010 $ 370,451
November 964,371,008 74,256,568 $0.007 $ 534,647
December 940,215,360 72,396,583 $0.005 $ 383,702
January '06 2,114,025,728 162,779,981 $0.005 $ 862,734
February 1,082,063,104 83,318,859 $0.007 $ 541,573
March 658,098,944 50,673,619 $0.006 $ 298,974
April 678,449,664 52,240,624 $0.005 $ 261,203
May 92,029,720 7,086,288 $0.004 $ 31,180
Total: 10,403,605,288 793,991,319 $0.008 $6,375,856
* short volume is approximated using a proprietary algorithm.
** average short price is calculated using a volume weighted average
short price.
*** short volume is the total short trade volume and does not account for covers.
PLNI On OTC Naked Short Threshold List
Start End Days on List
January 7, 2005 January 13, 2005 5
February 14, 2005 February 18, 2005 5
Plasticon International, Inc. has been on the OTC Naked Short Threshold list two times. Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. SEC Regulation SHO, under the Securities Exchange Act of 1934, mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.
About Plasticon International, Inc.
Plasticon International, Inc. designs, produces, and distributes high-quality concrete accessories, informational & directional signage and plastic lumber, which are all produced from recycled and recyclable plastics. Plasticon is a leader, an innovator of cutting edge design, engineering, and production of industrial and commercial products. Plasticon is a green company, environmentally friendly, using recycled plastics to produce its line of products.
About BUYINS.NET
WWW.BUYINS.NET is a service designed to help bonafide shareholders of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. BUYINS.NET has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade-by-trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.
BUYINS.NET has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted. The SqueezeTrigger database of nearly 750,000,000 short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like BUYINS.NET to access the data.
The SqueezeTrigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each month's short transactions, BUYINS.NET provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money and a short squeeze can begin.
All material herein was prepared by BUYINS.NET, based upon information believed to be reliable. The information contained herein is not guaranteed by BUYINS.NET to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. Plasticon International, Inc. has paid $995.00 to purchase data for information provided in this report. The data service can be cancelled at any time. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. BUYINS.NET is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. BUYINS.NET will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.
BUYINS.NET and SQUEEZETRIGGER are intended for use by stock market professionals. As a member, visitor, or user of any kind, you accept full responsibilities for your investment and trading actions. The contents of BUYINS.NET, including but not limited to all implied or expressed views, opinions, teachings, data, graphs, opinions, or otherwise are not predictions, warranty, or endorsements of any kind. Please seek stock market advice from the proper securities professional, or investment advisor.
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Please seek investment and/or trading advice, council, information or services from a securities professional. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and BUYINS.NET undertakes no obligation to update such statements.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934, and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, management and maintaining growth, the effect of adverse publicity; litigation, compensation, and other factors which may be identified from time to time in the Company's public
announcements.
Contact:
Thomas Ronk, CEO
WWW.BUYINS.NET
+1-800-715-9999
[email protected] Contact:
Pl asticon International, Inc.:
Jim Turek
President and CEO
3166 Custer Drive, Suite 101
Lexington, Kentucky 40517
web site: www.plasticonintl.com
Contact Investor Relations:
Jackie Fleming
Ph: 866 843 2775
SOURCE: Plasticon International Inc.
CONTACT: http://WWW.BUYINS.NET
mailto:
[email protected] http://www.plasticonint l.com
The Start of a new movement upwards! And a big one. The company is ready Pro mould is under the belt as is Semco. Financials looking very good!
October 26, 2006 - 7:30 AM EST
BUYINS.NET Identifies Naked Short Selling of 1.1 Billion Shares of Plasticon Stock
Plasticon International, Inc. (PINKSHEETS: PLNI) was informed that BUYINS.NET, a company not affiliated with Plasticon, has reported that the total aggregate number of Plasticon shares shorted from January 2005 to October 2006 is approximately 1.1 billion shares with an approximate total dollar value of $91.9 million.
According to BUYINS.NET, the Squeeze Trigger price of $0.0065 is the volume weighted average short price of all short selling in PLNI. A short squeeze is anticipated when PLNI shares close above $0.0065. To access SqueezeTrigger prices ahead of potential short squeezes visit http://www.buyins.net.
"It has been our goal to identify and publish the pattern of brokers shorting our stock with the failure to deliver shares. Naked short selling is a financial assault and robs millions of dollars from investors as well as the ability for small cap companies to capitalize their operations. We are distressed by naked short selling and this practice wrongly influences the market. Our primary focus right now is to restore shareholder value and confidence in Plasticon International, Inc," stated Plasticon President and CEO Jim Turek.
Up %25 on the best volume in a long long time! If the volume continues and the shorts are forced to cover PLNI will hit the trigger price and really run North!
Support in at PLNI. If this can trade to trigger price, you will have a serious Multi bagger!
One good volume day and the rally will be fantastic. $'s DD! and radar. Financials out soon which have shown big increases in revenue and semcos business is booming.
PLNI Semco $1 Million worth of orders in 2 days!
October 30, 2006 - 8:30 AM EST
Plasticon International, Inc.'s SEMCO Manufacturing Unit Selected for West Charleston Lofts Project in Las Vegas
Plasticon International, Inc. (PINKSHEETS: PLNI) announced today that the company's wholly owned subsidiary, SEMCO Manufacturing, Inc. has been selected for the West Charleston Lofts project in Las Vegas, Nevada. The first element of the project has been awarded in the amount of $150,000 and work is progressing on the first 45 units for a total estimated value of $852,000.
As currently planned, SEMCO has been informed that the project will feature two five-story buildings of 105 lofts each at the southwest corner of the Interstate 215, Las Vegas Beltway and West Charleston Boulevard. Eight floor plans, ranging from 1,530 to 2,800 square feet, will be available the first quarter of 2007. The loft style is achieved by exposed ductwork, expansive windows and 10- to 12-foot ceiling heights in the single-story lofts and 20-foot ceilings in the two-story lofts.
"We are very excited about the recent project bid that was awarded to SEMCO Manufacturing, Inc. There will be more details regarding the project as the work progresses and there may be additional projects awarded from West Charleston Lofts," stated Jim Turek, CEO and President of Plasticon International, Inc.
SEMCO Manufacturing, based in Las Vegas, Nevada since 1981, markets and sells surfacing products to many of the city's most impressive showcase projects, including a number of 5 star luxury resorts. SEMCO is known for its eclectic customer base which also includes high profile commercial, public and private clientele. Projects have ranged from critical government facilities (the flooring of the Pentagon) to elementary schools, community centers and many prominent parks and public works projects. One well-known SEMCO project included the Biosphere project where SEMCO provided the materials for the creation of a lush, fully functioning indoor rainforest.
October 31, 2006 - 8:08 AM EST
Plasticon International, Inc. Subsidiary Awarded Nevada Beltway Construction Contract Valued at Over $240,000
Plasticon International, Inc. (PINKSHEETS: PLNI) is pleased to announce that the Nevada Department of Transportation has awarded Semco Distribution, Inc., a subsidiary of the Company, a $241,850 contract for the surfacing of the concrete embankment at the I-515 Beltway Interchange in Nevada. The project involves the application of Semco's proprietary concrete sealants and anti-graffiti coating.
Semco's coating system was chosen to allow the Nevada Department of Transportation an opportunity to use a more attractive color combination, to eliminate the absorption of water into the surface of the structure and to mitigate the cleanup cost of graffiti with their protective coating. The new interchange joins Interstates 215 and 515 in Henderson, Nevada with numerous roads, bridges ands ramps. The total cost of the Interchange project is $82,247,827, paid for by a combination of federal, state and local funds.
"We believe that as environmental regulations increase, the worldwide demand for Semco's surfacing systems may grow. We now offer a total waterproofing solution for major construction projects. Our unique re-bar support products with Semco's concrete coating is a combination that will provide countless opportunities for us to sell both Plasticon and Semco products to the same customers on the same projects," stated Plasticon President and CEO Jim Turek.
November 2, 2006 - 8:43 AM EST
Plasticon International, Inc. Files Form 8-K Regarding Acquisition of Semco Distribution, Inc. and Ultimate Surface, LLC
Plasticon International, Inc. (PINKSHEETS: PLNI) is pleased to announce that the Company filed Form 8-K with the SEC in connection with the acquisition of Semco Distribution, Inc and Ultimate Surface, LLC. The agreement is available on Plasticon International's website at www.plasticonintl.com.
Plasticon International, Inc. entered into a Share and Membership Interest Purchase Agreement with Semco Distribution, Inc. and Ultimate Surface, LLC. The Company acquired all of the outstanding common stock of Semco and all of the outstanding membership interests of Ultimate Surface, LLC.
"This acquisition has been greatly anticipated because the industry realizes that Plasticon's rebar support products and SEMCO's surfacing products, offered together, represent superior waterproofing technology in the marketplace today for the construction industry. We are very excited about the purchase of SEMCO and in an effort to better meet our filing obligations with the SEC and in preparation for our application to the OTCBB, we felt it was necessary to file the Form 8-K on the acquisition," stated Jim Turek, CEO and President of Plasticon International, Inc.
About Plasticon International, Inc.
Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, informational & directional signage and plastic lumber, which are all produced from recycled and recyclable plastics. Plasticon is a leader, an innovator of cutting edge design, engineering, and production of industrial and commercial products. Plasticon is a green company, environmentally friendly, using recycled plastics to produce its line of products.
Showing strength. It's looking like resistance is going to break soon, Then should push us ever closer as the share buy back and pro mould figures are released.
Just forming a right shoulder from the inverse head. Strong base here.
Going far far higher. Holding and about to run from here!
Good volume today! Consolidating this level next leg up soon to come. Multi bagger!
November 13, 2006 - 9:42 AM EST
PLNI 0.001 0.00
Plasticon International, Inc. Showcases New SEMCO Wallcovering Product to Over 35,000 Attendees at the International Hotel/Motel & Restaurant Show in New York
Plasticon International, Inc. (PINKSHEETS: PLNI) announced today that the Company's wholly owned subsidiary, SEMCO Manufacturing, Inc., is presenting its new product, the X-Bond system, at the International Hotel/Motel and Restaurant Show in New York. Jim Turek, CEO and President of Plasticon International, is representing SEMCO and presenting their products at the Big Apple Worldwide booth, # 4002, to more than 35,000 attendees. The show commenced November 11, 2006, at the Jacob K. Javits Convention Center, with a full day of conferences and featured a keynote address by former NYC Mayor Rudy Giuliani.
SEMCO's innovative X-Bond system is a waterproof, lightweight, cementatious product that can resurface virtually any surface. The X-Bond system offers a durable and environmentally responsible creative design capability. This superior bonding system adheres directly to any existing surface. X-Bond can be safely applied in confined areas over existing surfaces minimizing waste disposal.
"We are very excited to showcase our amazing X-Bond system at one of the world's largest hospitality shows. The X-Bond system has unlimited texture possibilities, which allow for complete creative freedom. This durable, waterproof system is designed for both interior, exterior and below grade use," stated Jim Turek, CEO and President of Plasticon International, Inc.
The show is owned by the Hotel Association of New York City, Inc., the New York State Hospitality & tourism Association, Inc., and the American Hotel & Lodging Association, featuring more than 1,400 products and services.
For more information about SEMCO Manufacturing, please visit www.semcomfg.com.
About Plasticon International, Inc. Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, informational & directional signage and plastic lumber, which are all produced from recycled and recyclable plastics. Plasticon is a leader, an innovator of cutting edge design, engineering, and production of industrial and commercial products. Plasticon is a green company, environmentally friendly, using recycled plastics to produce its line of products.
Press Release Source: Plasticon International Inc.
Plasticon International, Inc. Negotiating With Multiple National Distributors to Meet Increased Demand for Products
Tuesday December 12, 9:27 am ET
Pro Mold Reports Backlog of Orders in Excess of $960,000 Through January 2007
LEXINGTON, KY--(MARKET WIRE)--Dec 12, 2006 -- Plasticon International, Inc. (Other OTC:PLNI.PK - News) is pleased to announce that its subsidiary companies, Pro Mold and SEMCO, have reported their largest order backlogs in the history of either company. Pro Mold's current order backlog is in excess of $960,000 through January 2007.
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Plasticon International is currently conducting negotiations with several national distributors to support the increased demand for the Company's products. Due to the inability of BlueLinx to meet sales and distribution quotas as agreed upon in their exclusive agreement, Plasticon International has elected to exercise its arbitration rights to seek compensation.
"As we approach the close of 2006, our future has never been brighter. Our companies have achieved record setting order backlogs and we're beginning to receive initial offers from several national distributors. These initial offers are already expected to exceed those that we received from BlueLinx over the entirety of our three-year relationship. We are very excited about a new year and an exciting future for Plasticon and our shareholders," stated Jim Turek, CEO and President of Plasticon International, Inc.
Volumes are 5 times higher ...Will see how it goes after Feb 15th.
George
Plasticon International, Inc. (PINKSHEETS: PLNI) is pleased to announce that the Company will be hosting a Nationwide Teleconference on February 15th, 2007 to update shareholders and the financial community on recent developments with the Company.
Plasticon International, Inc. will be discussing the Company's goals for 2007 as well as a brief wrap-up of 2006. The Company will discuss purchase orders, products, revenues, and any plans to up list to the NASDAQ Bulletin Board. The Nationwide Teleconference will be hosted and moderated by Marc Jablon, CEO of Big Apple Consulting USA, Inc. The featured speaker from Plasticon International, Inc. will be Jim Turek, President and CEO; additional speakers will be included in a future release.
"We look forward to the opportunity to spend time with our shareholders and the financial community. Teleconferencing is a great medium wherein we can exemplify the strides that Plasticon International, Inc. and our subsidiaries have achieved," stated Jim Turek, CEO and President of Plasticon International, Inc.
There is expected to be a high demand for the call-in lines for this Nationwide Teleconference and space will be limited. Please call 1-866-THE-APPL(E) today to reserve your place and receive the information which will enable you to participate in the conference.
"PLNI.PK" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders. ;D
All history on a stock pick in 1 thread is awesome. ;)
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock. ;D
Thank You....and good luck with all your trades....make some $$$ ;)
PLNI Has had money flow grenn for nearly 2 months. This is the catalyst. Coming soon. Jim Turek on the Naz floor.
February 6, 2007 - 9:08 AM EST
Plasticon International, Inc. CEO to Announce Company Developments in Exclusive Interview on Floor of NASDAQ
Plasticon International, Inc. (PINKSHEETS: PLNI) is pleased to announce that the Company's CEO, Jim Turek, will have an exclusive interview on the floor of the NASDAQ Exchange. Mr. Turek will be interviewed by Nicole Hunt from ItsAboutFinance.com. The Interview is scheduled to take place on Monday, February 12, 2007. During his interview, Mr. Turek is expected to discuss Plasticon International's recent developments, their plans for future developments with Semco Manufacturing and Pro Mold Inc., and their strategy to uplist to the OTC Bulletin Boards.
ItsAboutFinance.com is a streaming media content provider to the Internet. The company's lead internet product is the 3-minute daily financial program, "It's About Finance!" This is a daily stock market wrap-up report shot from the floor of the Chicago Stock Exchange and featuring commentary on the day's market activity by those who make the markets. It also presents a close-up conversation on segments of the market including technology, dot coms, initial public offerings (IPOs), classic brick and mortar companies and women.
"This is an amazing opportunity for us to broadcast our recent achievements and goals to the financial community. We have been working diligently on our audited financials and look forward to filing them in an effort to uplist to a higher exchange," stated Jim Turek, CEO and President of Plasticon International, Inc.
The interview with Mr. Turek will be seen on 9 cable networks and 129 websites.
The Company recently announced that it will be hosting a Nationwide Teleconference on February 15th to update the financial community on recent events that affect Plasticon International, Inc. and its shareholders. There is expected to be a high demand for the call-in lines for this Nationwide Teleconference and space will be limited. Please call today 1-866-THE-APPL(E) to reserve your place and receive the information which will enable you to participate in the conference.
February 12, 2007 - 8:30 AM EST
Plasticon International, Inc. CEO to Be Interviewed on Floor of NASDAQ
Plasticon International, Inc. (PINKSHEETS: PLNI) is pleased to announce that the Company's CEO, Jim Turek, will be featured in an interview on the floor of the NASDAQ Exchange today. Nicole Hunt from ItsAboutFinance.com will conduct the interview and Mr. Turek is expected to discuss Plasticon International's recent developments as well as their future plans for wholly owned subsidiaries Semco Manufacturing and Pro Mold Inc. He will also give deeper insight into the Company's strategy to uplist to the OTC Bulletin Boards.
"We look forward to the interview and see it as an opportunity to give our investors a clearer picture of Plasticon's operations and future plans. Combined with our teleconference later this week we hope to answer any questions that our current and future shareholders may have. Our company is experiencing significant growth and we want to keep our investors, clients and potential clients informed," stated Jim Turek, CEO and President of Plasticon International, Inc.
The ItsAboutFinance.com interviews are featured daily on the NASDAQ 7-story icon at the NASDAQ Studio at Time Square Plaza in New York City and updated daily at 2pm EST on the ItsAboutFinance.com web site home page. It also presents segments of the market including technology, dot coms, initial public offerings (IPOs), classic brick and mortar companies and women.
The interview with Mr. Turek will be seen on 9 cable networks and 129 websites.
The Company recently announced that it will be hosting a Nationwide Teleconference on February 15th to update the financial community on recent events that affect Plasticon International, Inc. and its shareholders. There is expected to be a high demand for the call-in lines for this Nationwide Teleconference and space will be limited. Please call today at 1-866-THE-APPL(E) to reserve your place and receive the information which will enable you to participate in the conference.
Plasticon International, Inc. Increases Revenues by Over $3.4 Million
Company Posts Their 2006 Second Quarter Unaudited Financial Statements on Pinksheets.com
Plasticon International, Inc. (PINKSHEETS: PLNI) is pleased to announce that the Company has increased its revenues by $3,431,647 for the six months ending June 30, 2006 to $3,566,891 from $135,244 recorded for the six months period ending June 30, 2005. This is over 2537% increase in revenues. Plasticon International, Inc. has posted their second quarter 2006 unaudited financial statements on www.pinksheets.com.
The Company reduced its current liabilities by $8,972,085 through a reduction of notes payable for the six months period ending June 30, 2006 as compared to June 30, 2005. Plasticon International, Inc. increased their assets by $1,903,350 for the six months period ending June 30, 2006 as compared to June 30, 2005. The Company and its wholly owned subsidiaries increased their finished goods inventory by $242,126 for the six months period ending June 30, 2006 as compared to June 30, 2005.
"We are very pleased to provide our shareholders with our financial statements for the second quarter of 2006. We are currently working on the third and fourth quarter, as well as, the year end financial statements for 2006. It is our goal to become current in our financial statements in order to up list to the OTC Bulletin Boards," stated Jim Turek, CEO and President of Plasticon International, Inc.
Plasticon International, Inc. recently announced that the proxy statements were mailed on Monday, February 26, 2007 to all shareholders of record. Shareholders are urged to contact the Double Tree Hotel if they would like to attend the 2007 Annual Meeting of Stockholders of Plasticon International, Inc., to be held on Friday, March 16, 2007 at 1:00 p.m. to 3:00 p.m. at the Double Tree Hotel New Orleans, 300 Canal Street, New Orleans, Louisiana, United States 70130-1010. The Double Tree Hotel New Orleans call can also be reached at (504)-581-1300.
Break out and re evaluation is going to happen.
PLNI Target $0.018.
Projected future revenues at PLNI increasing dramatically. New acquisition to increase revenues far above any expectations.
Buy and hold 9 to 12 months.
March 13, 2007 - 8:30 AM EDT
Plasticon International, Inc.'s Wholly Owned Subsidiary SEMCO Manufacturing Completes Work on $82 Million I-515 Beltway Interchange Project
Plasticon International, Inc. (PINKSHEETS: PLNI) is pleased to announce that their wholly owned subsidiary, SEMCO Manufacturing, Inc., has completed surfacing the concrete embankment on the I-515 Beltway Interchange for the Nevada Department of Transportation. The $241,000 contract called for the application of SEMCO's proprietary concrete sealants and anti-graffiti coating across a 76,400 square foot span of the interchange. Pictures of the completed project can be viewed on http://www.plasticonintl.com.
SEMCO's protective coating system was chosen to prevent the absorption of water into the surface of the bridges, to mitigate the cleanup cost of graffiti, and also for its attractive color schemes. The new interchange joins Interstates 215 and 515 in Henderson, Nevada with a multitude of roads, bridges and ramps. The total cost of the Interchange project was $82,247,827, paid for by a combination of federal, state and local funds.
"We're excited to have completed the I-515 Beltway Interchange for the Nevada Department of Transportation. SEMCO's revolutionary products are saving tax payer dollars and helping to beautify the interstate," stated Jim Turek, President and CEO of Plasticon International, Inc.
Based in Las Vegas, SEMCO Manufacturing markets and sells custom surfacing products to high profile commercial, public and private clientele. Their products are noted for aesthetic appeal and durability for use in heavily used walkways, extreme outdoor conditions and in chlorinated pools. Plasticon completed the acquisition of SEMCO Manufacturing, Inc. in January 2006.
Plasticon International, Inc. also recently announced that the proxy statements were mailed on Monday, February 26, 2007 to all shareholders of record. Shareholders are urged to contact the Double Tree Hotel if they would like to attend the 2007 Annual Meeting of Stockholders of Plasticon International, Inc., to be held on Friday, March 16, 2007 at 1:00 p.m. to 3:00 p.m. at the Double Tree Hotel New Orleans, 300 Canal Street, New Orleans, Louisiana, United States 70130-1010. The Double Tree Hotel New Orleans can also be reached at (504)-581-1300.
March 14, 2007 - 8:30 AM EDT
Plasticon International, Inc. to Seek a Listing on the American Stock Exchange
Plasticon International, Inc. (PINKSHEETS: PLNI) is pleased to announce that the Company intends to make an application for listing of its common stock on the American Stock Exchange.
Currently, the Company is taking special efforts to complete the filing of its third quarter 2006 Form 10-QSB with the Securities Exchange Commission. Upon filing of the third Quarter 2006 Form 10-QSB, the Company will become current with its periodic filing obligations. In addition, if the Company is successful in acquiring AV-CB, the Company believes that its balance sheet will satisfy the capital requirements that will allow the Company to submit an application for listing of its common stock on the American Stock Exchange. If current plans continue to hold and subject to further negotiations, the Company anticipates that the acquisition of AV-CB may be completed within the next 30 to 60 days.
"This is a proud moment for Plasticon International, Inc. and its shareholders. We are looking to become fully compliant in meeting our reporting obligations in the near future. If we are successful in completing the acquisition of AV-CB, we will be working to submitting an application for listing of our common stock on the American Stock Exchange," stated Jim Turek, CEO and President of Plasticon International, Inc.
Plasticon International, Inc. recently announced that their wholly owned subsidiary, SEMCO Manufacturing, Inc., has completed surfacing the concrete embankment on the I-515 Beltway Interchange for the Nevada Department of Transportation. The $241,000 contract called for the application of SEMCO's proprietary concrete sealants and anti-graffiti coating across a 76,400 square foot span of the interchange. Pictures of the completed project can be viewed on http://www.plasticonintl.com.
About Plasticon International, Inc.: Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, informational & directional signage and plastic lumber, which are all produced from recycled and recyclable plastics. Plasticon is a leader, an innovator of cutting edge design, engineering, and production of industrial and commercial products. Plasticon is a green company, environmentally friendly, using recycled plastics to produce its line of products.
Growth all the way. Target price $0.018.
Press Release Source: Plasticon International, Inc.
Plasticon International, Inc. Increases Profits by More Than 77% While Reducing Operating Expenses
Tuesday March 20, 8:30 am ET
LEXINGTON, KY--(MARKET WIRE)--Mar 20, 2007 -- Plasticon International, Inc. (Other OTC:PLNI.PK - News) is pleased to announce that the Company has filed their financials and has realized a gross profit of $392,886 for the third quarter 2006, which is a 77% increase over the second quarter 2006 gross profit of $221,065. Plasticon International, through the cutback of operating expenses, reduced the Company's net loss by more than 70%.
Plasticon International, Inc. recently announced that the Company intends to make an application for listing of its common stock on the American Stock Exchange. Upon the successful acquisition of AV-CB Developments, Plasticon believes that its balance sheet will satisfy the capital requirements that will allow the Company to submit an application for listing of its common stock on the American Stock Exchange. If current plans continue to hold and subject to further negotiations, the Company anticipates that the acquisition of AV-CB may be completed within the next 30 to 60 days.
"This financial statement represents the dedication of our team to the continued improvement of our company, as well as reflects our veracity and ability to follow through. We have set a goal for ourselves and we are working diligently to accomplish our ambition of obtaining a listing on the American Exchange," stated Jim Turek, CEO and President of Plasticon International, Inc.
The Company also announced that their wholly owned subsidiary, SEMCO Manufacturing, Inc., has completed surfacing the concrete embankment on the I-515 Beltway Interchange for the Nevada Department of Transportation. The $241,000 contract called for the application of SEMCO's proprietary concrete sealants and anti-graffiti coating. Pictures of the completed project can be viewed at www.plasticonintl.com.
Hello All,
Latest news from Plasticon:
Plasticon International, Inc. Voluntarily Files Chapter 11 to Reorganize Company
http://news.moneycentral.msn.com/ticker/article.aspx?Feed=MW&Date=20070517&ID=6917140&Symbol=PLNI
George
Any thoughts on the stock exchange. $1 for conversion prices?
Looks like PLNI will dip into Chapter 11. Taking all stock into preferred, riping out the shorts clearing debts and leaving a 6 million float.