Arrrrggg I am soooo sick of this cut and paste crap. I have never seen such lame arguments for trying to destroy a company. If you had a clue on how to read a chart you might be able to actually see where any dilution and shorting may have occured and bring reasonable dialog to the boards. Instead you cut and paste and spit venom.
As I understand what happened to cause havoc in the Plasticon organization; there was a fax, phone and letter campaign by a certain group of individuals back in January and early February to force Plasticons compliance under the Pink sheet rules. I had personally confirmed this with Liz and Tim at the Pink Sheets. At the time Plasitcon was being covered by several promotional companies that we all have seen cover stocks day in and day out seeking business from them. These promotional companies simply regurgitate the same pr's over and over again. This action caused the pulling of quotes from the Pink Sheet site until Plasticon complied and sent current and up to date financial information. This did concern share structure as well. Plasticon was accused by this certain group of individuals of conducting a Stock promotion scheme and these folks demanded compliance of the Pink Sheet organization siting their own rules for quoting securities. The same compliance that is being demanded from QBIT . But why wouldn't this same set of rules apply to the HUNDREDS of other Companies like Q Television (QBID) as they are still quoted to this date on the Pinks? Doesn't this appear to be just a little lopsided? And I can tell you folks that there are HUNDREDS more companies out there looking to take your money that are still being quoted on the Pink Sheets and OTC/BB that are NO where near compliant or legitimate.
IMO Plasticon has now addressed head on the promotional issue with this paragraph in the latest PR. A little late, but a very good move on Plasticon's part. "It has come to Plasticon's attention that several stock promotional services are following Plasticon closely. Plasticon has not solicited, endorsed, or contracted with these companies and has no intention of doing so. Company information and updates are released through official channels deemed by the Company."
After this group's little plan had worked with the Pink Sheets this same group then contacted the SEC in the same manner siting the Pink Sheet site on the Plasticon quote page which read as follows; "As a matter of policy Pink Sheets will not publish quotations on www.pinksheets.com for any security when it has come to the attention of Pink Sheets that the security is the subject of ongoing promotional activities and adequate current information concerning the issuer is not publicly available. Pink Sheets will not resume publication of quotations for such securities unless and until it receives a legal opinion, in form and substance acceptable to Pink Sheets, to the effect that adequate current information is publicly available concerning the issuer and the security and the information has been posted on the Pink Sheets News Service." Nearly 90% of all press releases that were released were done by stock promotional companies that want to get business from the 5 or so companies that they feature on a daily basis. You all Know who these companies are as we see their garbage on a daily basis. Examples of these companies are: The Wall Street grapevine, Hot Stock Picks, Talking Stocks, Stock Guru. These are just a few of the dozens of stock promotion services out there trying to get noticed and sell a service to these companies they feature.
This blast of Bologna from this group to the SEC in turn got the SEC to review Plasticon's press releases relating to promotional activities. Nothing more! And if there was more to this the SEC would have halted Plasticon from trading back in February... You can bet the farm if the SEC had a solid reason to halt trading on a security they would! Now if anyone has any solid evidence to the contrary ...Post it ! Otherwise keep it to yourself, it is nothing more than bashing rumor.
This same exact campaign was used to go after the brokerage houses Such as TDA, Etrade and the like and these people once again quoted the Pink Sheet site as proof that Plasticon was in a stock promotion, printing and dilution scheme. So a few of the brokerage houses restricted trading on Plasticon's stock. Note: I said a FEW. Only 2 brokerage firms pulled this bologna that I am aware of. TDA was and still is the only one doing this still to this day, and it is on again off again. Rather interesting how these brokerage houses restrict some of the most popularly traded stocks after theses companies release legitimate material events that should have launched the PPS to double or triple digit gains. Looks like they have illegally restricted trading to cover their can to me.
Now, in view of the chain of events....could this be part of a plan to short Plasticon's stock out of existence and deprive them of reasonable dilution to meet the needs of the acquisitions and short term capitalization of the company by driving the PPS down drastically thereby causing even more dilution to meet these needs? Hmmmmm makes one think aye? There are MILLIONS on the line for the short interests. Can these short interests hide from the NASDAQ SHO reporting? You bet they can as off shore companies do not have to comply with the SHO rules as mainland brokerage houses do. Could off shore brokerage houses like UBS Warburg be involved with this company and other OTC/BB Pink Sheet companies to short these stocks into continued and larger dilution by creating ever lower prices through their off shore shorting techniques? Or brokerage houses on the mainland like TDA? Hmmmm another one that makes one think. Companies like Coversion Solutions (CSHD) and Silver Screen Studious Inc. (SSSU) are now taking the Bull by the horns and going after the shorters with the NOBO list and demanding action by the authorities. When more companies follow suite, there may be a cascade effect of sorts forcing these shorters to cover on a mulitude of stocks currently being attacked. Will we see brokerage houses go BK due to the covering? Will the SEC finally create legislation after several brokerage houses fall in scandle and disgrace? This shorting strategy is no different than the Off shore lending institutions that prey on small firms with convertible debentures. With their 100,200,300% HIGH interest rates and endless dilution to the company by converting millions some times Billions of shares into new found cash. These companies are off shore for a reason folks and that is to ROB small companies of any chance to succeed by charging incredible amounts for much needed influx of cash to their struggling business. This would be Highly illegal on the US mainland. Will Plasticon go after the shorters with the NOBO list? Batten down the hatches folks, because it's coming !!!
Now I will admit that Plasticon's OS is a little high. But as I have stated many times before, there are companies that have yet to produce the first widget that have billions of shares on the market, that reverse split once a year and do it all over again. Hmmmm Winsted holdings comes to mind here. But people play the momo play everyday and at times get stuck holding the bag. Plasticon is far from being a company like this and is about to prove it in a Big way.
Plasticon IMO is great little upstart company with a lot of potential that is finally emerging into the market on solid ground. Their past accounting practices and lack of capital has caused delays in filings and acquisitions and has increased the OS a little higher than I would have liked. But as the company grows with revenues this should become a non issue.
I have been to Pro-Mold myself and seen their facility. They produce a wide variety of everyday products, such as yard sprinkler parts that we all use, manufactured and branded with that particular company's logo, to gun stocks and believe it or not, nearly ALL the Plastic parts for Bunn coffee makers and nearly the entire Bunn commercial tea dispencer seen in nearly every gas station and truck stop in the country! WOWO Pro-Mold holds its own weight and makes a nice profit without one single rebar support produced that is curently carried by Blue Linx and is used exclusively by R S Manufacturing. Pro-Mold has a Solid reputation and customer base and is posed for continued and dramatic growth. Pro-Mold is truly the bread and butter core business with continued growth year after year. Currently there is the largest backlog of business in the company's 20 year history. They are saying this in the latest pr's.
SEMCO has a solid line of products used for waterproofing most materials and has a very unique line of surface products that can imitate in looks nearly any kind of surface seen today with a strength to rival and surpass any product currently on the market. I personally have received samples of their product line and their brochures. Very nice product line indeed. IMO Look for this stuff to hit large chains like Home Depot and Lowes in the not so distant future. SEMCO, run by Sam Sems is also a profitable part of the Plasticon family and should equally see a dramatic growth in revenues.
Some folks call Plasticon a scam, but as a person that likes to do my DD up close, I see huge potential for the company and wish them well in their future endeavors. Sometimes reading only the SEC filings to make an opinion just doesn't paint an accurate picture of what is really going on behind the scenes.
Bash all you want with inuendo, cut and paste, attacks on posters and twisted accounting theories, but the continued snubbing of the rooster will prove to be your downfall. This Rooster is about to come home and roost right on the shorters heads.
GL everyone and remember, do you own DD, trust NO one and never invest money you can't afford to lose.
