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Microcap & Penny Stocks : PLNI - Game Over -- Ignore unavailable to you. Want to Upgrade?

To: rrm_bcnu who wrote (1276)	12/27/2005 11:59:30 AM
From: scion	Read Replies (1) \| Respond to of 12518

beligerant.? That's probably too 'nerotic' to believe. By: rrm_bn4u 08 Dec 2005, 03:06 PM EST Msg. 25098 of 27439 (This msg. is a reply to 25079 by SHAD_07503.) Jump to msg. # I haven't sold a share SHAD. I have been on the phone with chopper and downdraft trying to triangulate the truth. I have been lied to, and have, by posting what I was told, help to spead the lies. The company has a responsibility to advise us all what is going on. I have taken a lot of heat without comment today... and rightly so... but I haven't profited on penny. In fact I am down $15K as I write this. I still have not recieved any response to email that I posted early this morning to Jim Turek and Bill Howe. I understand that Jim is not in the office today. To say that BBD has "made a killing" implies that you know that he has sold his holdings. I do not know that to be true. rrm ragingbull.lycos.com By: rrm_bn4u 08 Dec 2005, 03:18 PM EST Msg. 25104 of 27439 Jump to msg. # Longs: Well.. what a night and trading day this has been. I answered 81 emails and talked with numerous traders today. Each expressed concern with PLNI's actions. So have I. Here is the message I sent to Jim Turek and Bill Howe this morning: ----- Original Message ----- From: RRM To: William B Howe ; Jim Turek Sent: Thursday, December 08, 2005 12:32 AM Subject: Stock Dilution Gentlemen, As recently as November 14th, I was told by you Bill that the increase in authorized shares to 5 Billion had not changed the Outstanding shares and float "one iota!" Tonight it is evident that the information you provided was slightly off the mark. The issuance of 500 million dilutive shares and increase of the float by 190 million shares appears to more clearly explain the tumbling share price. Jim, on 3 August you said... "LEXINGTON, Ken., Aug. 3, 2005 (PRIMEZONE) -- Plasticon International Inc. (Other OTC:PLNI.PK - News) announced today that this week the company will acquire Pro Mold, Inc., one of the premiere injection molding facilities in the Midwest. The privately financed acquisition (with no dilution for PLNI shareholders), ..." and on 27 September you said... "LEXINGTON, Ky., Sept. 27, 2005 (PRIMEZONE) -- Plasticon International Inc. (Other OTC:PLNI.PK - News) today announced that due diligence has been completed, SEMCO's audit is finalized and reviewed, and Plasticon is now in the final product review stage of the privately financed acquisition of SEMCO, Inc...." Both of those statements indicated private financing... yet here we are with shareholders up in arms about this recent dilution revelation. I must say that I too feel deceived and uninformed. You owe your shareholders a clear and detailed explaination of why these 500,000,000 shares were issued for sale and why your 5000 shareholders didn't have the right to know before they were issued. You had just bought back 200M shares and had indicated further buy backs were under review! You have lost a great deal of credibility in the eyes of people who trusted you. I quote your own words... "The management team and employees of Plasticon International are also shareholders like you. We are fully committed to aggressively growing the company and executing our business plan, which we believe will be reflected in the share value. I am certain that this dilutive news will be reflected in the share value today... "We are excited about Plasticon's future prospects and opportunities. I look forward to sharing future developments with you as they progress. Once again, thank you for your continued support." There are many of your 5000 shareholders who are expressing very little support this evening. We are very disappointed. How will you address this issue? Sincerely, --------------------------------- As I write there has been no response from management. I will state for the record that I have not sold a single PLNI share since I started accumulation several months back. I will await company news before making any decision to sell. I still feel that the PLNI/ProMold/SEMCO merge will create a positive cashflow company with good business prospects. rrm (Voluntary Disclosure: Position- Long; ST Rating- Hold) ragingbull.lycos.com By: rrm_bn4u 08 Dec 2005, 03:20 PM EST Msg. 25105 of 27439 (This msg. is a reply to 25101 by SHAD_07503.) Jump to msg. # They will have to convince me that it is in my financial interest to trust them again. rrm ragingbull.lycos.com By: rrm_bn4u 08 Dec 2005, 03:40 PM EST Msg. 25119 of 27439 (This msg. is a reply to 25115 by ex_pressman.) Jump to msg. # ex... I believe we have an incomplete picture of everything that is going on. Unfortunately, that incomplete picture doesn't inspire confidence. Investor relations are a crucial part of any companies future. Today, many good, well intentioned shareholders sold for a loss because they were disgusted with the news. They will forever spread their bad experience with PLNI, Jim Turek, and Bill Howe. What price does that negative PR cost the company over the next few years? Why would any businessman allow such negative feelings to go unchallenged? It is a high price to pay in my view. Incredible. Still... I will reserve further comment until we hear from the company. rrm ragingbull.lycos.com 12-24-2005 05:00 AM ET (US) By: rrm_bn4u 08 Dec 2005, 12:49 AM EST Msg. 24927 of 27439 (This msg. is a reply to 24919 by successinstock.) Jump to msg. # I have several comments: (1) This is a total surprize. Not mentioned in any discussions I have had with BizDev people. (2) This has to have been recently derived. On the Nov 14th call I was told zero changes to O/S and Float. Others have been told the same even more recently. (3) This is certainly dilutive. (4) I am not real happy to hear it. (5) I will be contacting the company for comment. rrm ragingbull.lycos.com By: rrm_bn4u 08 Dec 2005, 02:57 AM EST Msg. 24928 of 27439 (This msg. is a reply to 24927 by rrm_bn4u.) Jump to msg. # Let me add a comment: The fact that the company has updated the Issued so that the A/S is roughtly 2.17 times the O/S may have bearing on some sort of share restructuring plan discussed in PR earlier in the year. Rumors of such a plan are out there. More importantly, the update to pinksheets may bode well for news in the near term. ragingbull.lycos.com By: deadheded 08 Dec 2005, 08:50 AM EST Msg. 24941 of 27439 (This msg. is a reply to 24927 by rrm_bn4u.) Jump to msg. # rrm_ We already knew about the 5 billion. Matt confirmed it for me a month or so ago.... ragingbull.lycos.com