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Technology Stocks : PLNI - Plasticon International, Inc. (Bulls Board) -- Ignore unavailable to you. Want to Upgrade?

To: rrm_bcnu who wrote (2687)	12/24/2005 1:35:14 PM
From: therealfynley	Read Replies (1) \| Respond to of 8122

The Problem Of MM's and Naked Shorting This has been with us for a long time and is "tolerated" by the authorities for only one reason that comes to mind and that is liquidity. Anyone playing on the OTCBB and pink sheets is gambling and the sweetener that attracts me, as I'm sure attracts others, is the incredible leverage that can be found in this market. As a result, startup companies and struggling companies like PLNI, and GTE(formerly ADGI)which I first bought back in 99, can raise money and attract investors. The game playing by MM's pointed out in the previous post is part of the price that has to be paid. A lot of the companies on the BB and Pinks are just as guilty in many respects. Hasn't Jim Turek been promising an audit since last December? One of the reasons I came on board in August was that the company financials were about to be released in a matter of "days". I'm still long on PLNI because I think they have enought going for them to survive and make it off the BB and pinks just like GTE did. GTE still has yet to have a profitable quarter and had to pull a 15 to 1 split to get listed on AMEX. They recently had a runup to over $4 until being beaten down to under $3 this week without any naked shorting being involved. This time they are on the real short list so don't think that being listed on an exchange is any panacea. There are plenty of people out there willing to put up their money to bet against you if they sense a weakness. I'm presently holding 2,000,000 shares in a small restaurant company called ICAN. I bought it at .0001 because I had a couple hundreds dollars left in my account at the time. I'm not expecting to wake up some morning and find that I'm a millionaire but I think that a lot of the people who play these stocks have just that unrealistic attitude and are very disappointed when this doesn't happen. A lot of the instability in the BB and Pinks comes from these people looking for a quick score who don't take the time and trouble to find the one company in a hundred with a chance to make it into the real world. PLNI was hot last summer and now a lot of people are angry and disappointed. The stock has lost over 80% of its value since then. I'm still hopeful that Jim Turek will live up to his promises not because I'm some naive true believer but because both he and the others who put this company together have the most to lose if PLNI doesn't make it. My experience with GTE indicates that this is the single most powerful indicator of a company's survivability. All I can say to all of you is to hang onto your shares. As I said to GTE investors many times: They allready have your money, don't let them have the shares back to sell to someone else. The people who still hold GTE are going to be handsomely rewarded as the company continues to grow and can laugh at any short term decrease in the S/P. I still think PLNI will evolve along the same lines. JMO

To: rrm_bcnu who wrote (2687)	12/24/2005 1:47:41 PM
From: seapick	Read Replies (2) \| Respond to of 8122

So what are you telling us rrm...that PLNI is being naked short sold out of existence and will soon go the way of most pennies? The company seems to be left with few alternatives but to issue the 3 billion shares it holds in some type of forward split or use a buyback to cover naked shares. Such a buyback must drain funds still further, especially if they are buying out non-existent shares. From its press releases, the management is making an effort to recover and move forward, but it appears difficult. The current resting point of .004 has held for a couple weeks, but if the past is any predictor, as at .01 and .006, it will fall yet futher without really secure news from PLNI. I'm hoping! Thanks for the enlightening post. I think I will write my congressmen and get them on the bandwagon to get the SEC to straighten this out. I wonder if any of the SEC "wheels" are being paid off or given status as inside traders to let NSS slide on by? It merits an investigation. Regards for a peaceful holiday season. SeaPick