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

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From: jmhollen1/11/2006 6:35:37 PM
   of 733
 
PLNI -- Posted by 'Chopper' after his visit to ProMold this weekend...Posted on "Allstocks' this afternoon

Subject: ProMold Visit...:

My visit to ProMold was interesting, informative and money well spent. I will say this once and only once and will not respond to questions by board members that would or could be construed or implied as sensitive information. I was not given any insider information nor would I ask. This will be the only post on my visit. (TIA) I went merely to see a company in operation producing some of the product that was PR’d by the parent company. What I found was nothing less than amazing.


I had called Jim Turek’s office in advance and asked if I could visit ProMold at John Murphy’s convenience and would Jim be Ok with it. I realize they have gotten a lot of grief as of late on the blogs and some really tasteless phone calls by crass investors. Surprising any company with an impromptu visit is just inappropriate and could be mistaken as an aggressive gesture by a disgruntled investor. Plasticon’s response was it would be ok with Mr. Murphy’s approval. I called John and asked the same question and he agreed to meet with me and set the appointment for Saturday the 7th. I arrived at ProMold to a warm welcome from the CEO.

We chatted in his office for a while and he then took me on a tour of the plant. John Murphy is a very shrewd and hands on kind of fellow with 40 years in the plastics injection and extrusion mold industry. He has owned ProMold for 20 years and has grown the company from its meager beginning to producing everyday use and specialty products for some very prestigious fortune 500 companies. A Coffee Maker company and a certain Battery company are just two of their clients.

When we walked into the plant the very first machine that I saw was Plasticon’s Brand New Toyo machine. Very nice piece of equipment… I did notice a new piece of equipment attached to the Toyo which is a high tech dryer used for curing the finished plastic rebar supports allowing the machine to recover and cycle faster producing more product in a much shorter time. There was product that had just come out of the machine sitting on the receiving table and I found myself holding the (what is thought to be by some investors the elusive 4 legged Plasticon Rebar Supports.) LOL

The plant runs the machines 24/6 and has ten high tech pieces of equipment in the main production facility. There is plenty of room for expansion for additional Plasticon Toyo’s. At every single machine they have a quality control book to log every run of every machine every day and the QC supervisors actually run all the machines on each of the three shifts to detect any problems or nuances with the production runs and machines.

After all products are run, they go to a Quality Control room where key vital products are tested. In many of the parts produced (Each and Every Piece is tested, 100% inspection)! ProMold has developed a new testing machine specifically used to test rebar supports to meet and far exceed the specifications of the concrete industry for plastic rebar supports. SWEET! Quality control is a huge deal with ProMold and shows in their product production and Clientele.

The next room was the mold warehousing and refurbishment center. Engineers are used to keep this high dollar asset room pumping out molds to the machines for the various runs in the plant.

The next room was the tool cage to support the mechanics and engineers with the parts and tools needed to take on the never ending maintenance task of keeping all the machines running 24/6.

The next room was the equipment support center to supply the machines with water, power, air and HVAC to each individual machine as well as the same for the plant.

The next room was the raw material room containing a HUGE supply of product for the various parts produced. 55 gallon drums were the bulk of the product stacked 15 feet high and many layers deep. WOW

The last room in the plant was shipping and receiving with 4x4 pallets of product to be shipped that next week stacked 3 high and the length of the entire area 3, 4 and 5 deep. The trailers that were at the docks were already loaded and ready for pickup and shipment that next week. ProMold also has rail access for railroad shipment. BTW there was a boat load of Plasticon product going out that next week folks.

In summery the ProMold 35k sq ft operation can best be described as a Ferrari Power Train under a plain wrapper. This company is the real deal and so is the President John Murphy. I hope this eases some of the nervous investors and squelches some the nay sayers. Do your own due and Good Luck to All!

(...Ain't it grand to have a network of people who will get off their 'round-end', and go do hands-on DD...)!!!

Subject 55634


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