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Technology Stocks : PLNI - Plasticon International, Inc. (Bulls Board)
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From: therealfynley12/12/2005 3:04:26 PM
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I'm not good at math so perhaps someone on this board can help me out. I've heard two different figures on the size of the float, the most recent being 690 Million shares, up from the original 400 Million that was quoted. The volume of shares being traded daily would quickly exhaust either number in less than two weeks, especially since most of the people I see posting on these message boards claim that they are holding on to their shares. If that's the case then where are the shares coming from that are being bought in the market and who is selling? Secondly, Plasticon, formerly Wicklund, has been around for 17 years and has been operating profitably. Additionally, we just acquired 2 subsidiary companies that are also operating at a profit. We are also a "green" company using recycled products which should attract hordes of blue state liberal investors to our cause. That being the case, why are we still trading at less than a penny? Again, my math ability is poor so I would appreciate all the help I can get.
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