Tonto, good to hear you have some knowledge of the industry. My background includes working for a large injection molder and extruder of plastics and manufacturer of signs. I have worked with large construction jobs (power plants, paper mills, etc) and am familiar with the rebar market for concrete construction. I am very familiar with distribution and the games they play with manufacturers.
I am long in PLNI and got in based on a "patented product" and their supplying BlueLinx their product. That was early on and I should have done more DD before jumping in, because I have learned a lot since then. This is my one and only penny stock.
Are you familiar with the details of PLNI's rebar supports and their reported features, advantages, and benefits? Also their patent advantages? There is at least one other manufacturer, I think on the west coast, that makes plastic supports. Are you familiar with them?
Regarding PLNI's other reported products, I think it is BS. I have their "literature" on these products and it is terrible. I think if someone is stupid enough to give them an order, for example plastic lumber, they go to Home Depot or Lowes, buy it, cut it in Jim's basement and ship it out. Same with signs and the other products they claim to manufacture.
With S&S digging up financial info and our product and market knowledge, we should be able to really define PLNI. |
