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Non-Tech : Under $0.01 (..subpenny..) stocks

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From: SGJ1/8/2006 5:23:02 PM
   of 733
 
PLNI, From Green Baron

Plasticon Intl. (PK: PLNI) – PLNI started its climb higher the day we chose it as one of our January Effect stock picks. PLNI rallied to hit a high of .0083 per share on Wednesday, January 4 on record volume of over 250 million shares traded. The move from .0039 per share to .0083 per share was over 112%. PLNI closed the week at .0056 per share, still over 43% above our pick price.

We acknowledge Plasticon was way oversold at year end, and the stock had behaved poorly over the past several months. However, we continue to believe Plasticon will complete its audit soon and will up list quickly to The Bulletin Board. It is very difficult to predict the completion of a Pink Sheet audit, and PLNI has missed more than its share of deadlines. Regardless, we believe Plasticon has a tremendous business plan, and could generate eye popping revenues from the sale of plastic rebar supports. PLNI should also begin to see significant new product sales from its recent purchase of Semco.

Note: Plasticon CEO Jim Turek and Senior Consultant Bill Howe have agreed to conduct a Green Baron CEO Webcast following the announcement that the audit has been completed. We hope and expect that this interview will be available well before the end of January.
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