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


To: shortsinthesand who wrote (2397)2/3/2006 8:55:04 AM
From: Farnzworth  Read Replies (1) | Respond to of 12518
 
rrm's TA is still showing STRONG support at zero. That's where I will buy more.



To: shortsinthesand who wrote (2397)2/3/2006 9:02:56 AM
From: Farnzworth  Read Replies (2) | Respond to of 12518
 
I really feel bad for rrm. Typical engineer, no common business sense.

From: rrm_bcnu 2/3/2006 12:08:13 AM
of 3652

Well, those of us who didn't sell the recent high could be in a bit of trouble at the open, unless something is announced that could turn this around. Many have added on faith and now, at least from my own perspective, feel a bit stunned to find out that Plasticon has diluted when they said they wouldn't.

The eyes of hind sight are crystal clear. I and many other longs may end up paying the price in treasure for our belief in this company. I guess I could have punched out at .0109, but chose to believe in Plasticon's future. Depending upon the content of any announcements in the morning, I may still hold looking forward. Tomorrow's PR, if any, will certainly define that decision. I still haven't sold a share since July 11.

All the crew that have been attacking the company have focused on me since I chose to protect my personal investment with positive comments. Since mid-December I have been forced to defend myself for earlier posts that were pro-Plasticon. I don't feel at all badly for countering their attempt to drive down the price. Had the positions been reversed, and they been financially committed, they would probably have defended their investments as well.

I can't, in good conscience, congratulate the crew that attacked PLNI for their DD. They turned out to be correct on the issue of dilution, but incorrect as to whether Plasticon had an auditor in place. Had they not attacked with such arrogance and condescending posts, inciting the longs, they might have convinced us to re-examine our positions long ago.

I also wonder where and how they got that information in mid-December, and why they failed to post it until 1/10/06? Knowledge about dilution is not proper to withhold in that manner. Insiders involved?

I, like you, now await tomorrow's open with some trepidation. Let's hope that there is a reasonable story for the dilution.

Rick