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Strategies & Market Trends : The DD Maven -- Ignore unavailable to you. Want to Upgrade?


To: rrufff who wrote (195)2/15/2006 10:51:08 PM
From: rrm_bcnu  Read Replies (2) | Respond to of 736
 
rrufff,

I had hoped that my post would not be interpreted as an attack on Creede. In fact I stated that rather than take a neutral stance, I would take the position that although Creede's post was truthful, it reflected an incomplete picture.

You, KG, Creede and I have all fought the fight that would strive to place the word-twisting guru-crowd where they belong. And Creede's clearly rapid progress as a collector of highly valued Due Diligence has not gone unnoticed or unrecognized by many long time investors. Still, we have a responsibility to state the truth while stating the known reasons for the truthful statement.

The PLNI truth has been stated clearly by Creede. The reasons for the truth have thus far been assumed. The lack of responsive information from PLNI regarding the sale of shares may be due to its current defensive posture. At some point the lack of information from PLNI will obviate the need for any written explanation from PLNI regarding their rationale for selling into the float. In Creede's view that time has come and gone. In mine and other's patience during an active Bear Raid is critical. The bashers have not left the building so they must have some realistic expectation of the PLNI announcements being both imminent and of some import.

You, Creede and I will always be friends. We view the investing world in very similar ways. I was just disappointed to see the Grand Revelation include PLNI for which, in my opinion, the jury is still out.

Yes deadlines have been broken repeatedly... and yes the company has a lot to answer to shareholders about. I would have probably conducted business differently, but I do not know what Turek knows. I did not answer numerous phone calls from the SEC and Pinksheets in response to fax and email blasts of slimey, worm-ridden information. I did not have to respond to trusted investors that they would be supplied the information when it was best for the investors bottom line. I did not conduct detailed negotiations with ProMold or Semco management, and don't knowthe details of the merger. I didn't renegotiate a major distribution contract nor did I order, and have partially delivered, major capital hardware at ProMold. I didn't have to meet an expanded payroll for really the first time in PLNI's history, nor did I have to pay auditors and lawyers, and lord knows what else I haven't had to deal with.

What I did try to deal with was those who would undermine and make it even more difficult for PLNI to move forward and become a success. I am still paying the price for that position, and will probably continue to do so until the reasons for the truth have been clearly presented for careful Due Diligence. If it turns out that PLNI should be grouped with the other two Creede mentioned, then at least I will be able to say that PLNI has been given every chance to come clean with their long investors.

Our positions regarding the truth are the same... just our analysis of the reasons for the truth differ. I may be totally wrong to extend PLNI the benefit of the doubt... the opportunity to defend itself... but that is just me and the the way I view the situation.

My very best to you and Creede. No harm was intended. Just a disappointment to read Creede's name atop a message from sparsim and the realization that it will appear in the "research department's" excellent post listing.

Best

Rick



To: rrufff who wrote (195)2/16/2006 3:32:03 PM
From: im a survivor  Read Replies (2) | Respond to of 736
 
I never did, and still do not, consider CREEDE the 'enemy'.

I simply think that if you are going to play in the pennyland arena, then you need to understand the rules and take responsibility for your own actions and never be surprised when the unexpected happens....he got the unexpected, acted surprised and imo, went a tad further then simply posting his displeasure and moving on, which would have been the proper thing to do....asking people you once praised if they are getting paid to pump and etc, was simply giving the bashers more feed for the fodder.....This has occured on more then 1 stock...and as I said, I just think he should respectfully post his opinion, even if negative, and then move on...no need to stay and do the exact same thing as bashers and disgruntled longs who sold do all the time...hang around, bash and blame others...

But, I never considered him the enemy...although the worm and his crew used a few of his posts to try and show how past diehard longs have 'switched camps and now see the light'...