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Technology Stocks : PLNI - Plasticon International, Inc. (Bulls Board)
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To: LanceJ who wrote (7947)5/25/2007 2:55:50 PM
From: rrm_bcnu  Read Replies (2) of 8122
 
Lance, I prefer to view the events through the lens of Ockham's Razor. This means that if an event can be rationally explained without assuming the existence of a conspiracy, then rational thinkers should not assume the conspiracy's existence. This a microcap stock, representing a small plastics company. Not Enron. I think that Murphy got pissed when the payments were late and employees were canned. That is understandable. I also think that Turek did the only thing that would protect his major shareholders and himself... Ch 11. Now, the question is, can he come up with a rational plan to exit from Ch11 while preserving the common shareholders equity. For those of us with a cost basis above .001, the long awaited share repurchase plan isn't the answer. At least not without more details. For those who are buying up all these share below .001, then there is some serious money to be made if they trust that the preferred stock will be around two years from now. That's a lot to ponder and mull over.
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