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Strategies & Market Trends : SI Bonafide Hu$tlaz
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To: Tadsamillionaire who wrote (2)11/3/2005 10:01:10 AM
From: Zebba  Read Replies (1) of 23
 
From Green Baron:

Plasticon International (PK: PLNI)

Urgent Need to Clear Up a False Rumor

It appears there are rumors circulating that may be causing the major drop in PLNI shares over the past four days. The Company has stated to us that the total issued and outstanding for Plasticon has never surpassed two billion shares. Apparently, Plasticon increased its authorized share count recently to five billion shares, but Jim Turek and Bill Howe have assured us it has not issued any of these new shares to date and may never do so. The rumors may stem from some people assuming the Company had already issued all those shares into the market.

In conversations with CEO Jim Turek and Bill Howe last night, The Green Baron Report was told that the total outstanding shares are still fewer than two billion shares. In fact, Jim Turek stated it is the intention of the Company to still reduce the number of shares outstanding and that Plasticon has a very interesting and creative reason for the increase in its authorized count that shareholders will likely applaud. Please contact Plasticon International directly for more details.

So the market wasn't flooded w/ new shares... my guess is that something was definately up & Turek knows exactly what was happening. furthermore, he is def loaded up by now, that's why he felt it timely to clear the air so this thing can start to climb... Could this be the last day to load up?
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