PLNI - Plasticon International, Inc. (Bulls Board) Message Board

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Technology Stocks : PLNI - Plasticon International, Inc. (Bulls Board)

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To: rrm_bcnu who wrote (2687)	12/24/2005 1:47:41 PM
From: seapick	Read Replies (2) of 8122

So what are you telling us rrm...that PLNI is being naked short sold out of existence and will soon go the way of most pennies? The company seems to be left with few alternatives but to issue the 3 billion shares it holds in some type of forward split or use a buyback to cover naked shares. Such a buyback must drain funds still further, especially if they are buying out non-existent shares. From its press releases, the management is making an effort to recover and move forward, but it appears difficult. The current resting point of .004 has held for a couple weeks, but if the past is any predictor, as at .01 and .006, it will fall yet futher without really secure news from PLNI. I'm hoping! Thanks for the enlightening post. I think I will write my congressmen and get them on the bandwagon to get the SEC to straighten this out. I wonder if any of the SEC "wheels" are being paid off or given status as inside traders to let NSS slide on by? It merits an investigation. Regards for a peaceful holiday season. SeaPick

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