Giving you the benefit of the doubt due to your naivete', we'll visit this matter again sometime when PLNI's circumstances give you cause to apologize.
Alright, fair enough. I'm saying right now that in my opinion, PLNI is doing nothing more than playing games and selling shares. I may not have the years of experience that you do, buy I have done time with Astrom. But, you must not agree. Since you don't have free shares, and you don't seem upset, then you must actually believe the raise in the O/S is not due to the selling of shares, right?
Float: 690,000,000 as of 2005-12-07
Float: 2,304,576,805 as of 2006-01-31
2,304,576,805 - 690,000,000 = 1,614,576,805 up 234%
Plasticon International Inc. to Retire 200 Million Shares
Wednesday August 24, 8:30 am ET
LEXINGTON, Ky., Aug. 24, 2005 (PRIMEZONE) -- Plasticon International Inc. (Other OTC:PLNI.PK - News) is pleased to announce that their Board has approved the retirement of 200 million shares, the first step in a process designed to decrease the total outstanding shares and increase shareholder value.
biz.yahoo.com
How is it that on 8.24.05 they said they were going to retire 200 mil shares and decrease o/s, but now on 1.31.2006 it turns out they have sold 1.6 BILLION. How am I being naive in not understanding how those ideas fit together? So, why did they draw us in on a buyback and then sell 1.6? Do you know that Astrom did the same thing to us about 2 months ago? He said that he was going to do a 400mil buyback and then sold 750 mil shares instead. I call that lying. Thoughts?
And I tell you what. If PLNI comes with some revelation of good news that justifies all those shares then I will make a formal written public apology. However, if PLNI does what I'm predicting(stall, sell, stall, sell, reverse split) then I think the apology is on you. We can then kiss and make up....don't you see why I am disenchanted?
BTW: If i'm right please don't use this as a rationalization or justification:
ThinkingBig pointed Plasticon out to me more than two years ago, and it was 0.003+/- at the time; which goes back to when they had a fire at one of their plants. I recall buying some, sitting on it a while, and then moving on. About this time last year, I revisted both PLNI and 'TB', and it was clear they were getting their act together. PLNI went from 0.003 to 0.018+ which would probably even make you happy. If someone held from back then, they're still sitting on more than a double. If they bought in under 0.004 recently they're green by almost a double (..post-manpulation-&-bash..). And, if you're Long and averaged under 0.01, I'll bet you'll be green again in no time.
No doubt skilled flippers have made a killing on this stock, but that's not gonna help the masses that are going long. Not to mention, anyone that is flipping and pumping this stock should be arrested.
GB-ND
c
P.S. I will give all the PLNI bashing a break after we finish this debate. I won't become a dedicated PLNI basher...I will move on just like I did with VWKM. But there is a debate to be made. |
