[PLNI[: Plasticon Announces that Pro Mold and Semco Acquisitions have NOT been Completed as of Dec. 30, 2005

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http://biz.yahoo.com/iw/051230/0105016.html







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Top Ten Red Flags

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Excellent post from the Silicon Investor message board by Jeffrey Mitchell:

http://www.siliconinvestor.com/readmsg.aspx?msgid=22013649




To: donpat who wrote (1462)
12/29/2005 9:57:28 PM
From: Jeffrey S. Mitchell
of 1501

Anyway, I wish him luck and no more bankruptcies. It's an occupation for some, I suppose.

Bingo!

Think of these folks as black widows. They woo you, flatter you, and, most effective of all, blind you by putting $$$ in your eyes. Then, once they own you, they leverage your assets and suck out your money in an instant.

Am I saying that's the case with PLNI? Tsk tsk. Of course not. That's for others to decide. All I can do is lay out for folks here what the Top 10 red flags are for identifying possible such schemes (in no particular order):

1. Has the same business "plan" been tried before (with obviously no success)? This could be hawking the same patents, medicine, device, software, etc.

2. Has the company hired any paid touts? Easily identified by a disclaimer that said person was paid in stock or cash by a third party for issuing the report.

3. Has the company had a history of failed acquisitions (double red flag if they were intended to be wholly owned subsidiaries)? Acquisitions of "real" companies makes for good press and often misdirects investors attention. Every company has a price so it's not hard to wave $$$ and at least get them to the table. Usually after doing their DD these targets run for the hills and you never hear about them again.

4. After an acquisition, does the company immediately open multiple (as opposed to one) lines of credit? Double red flag if the CEO or controlling shareholder buys a new house or car following such financing.

5. Has the company of its principals ever run other publicly traded companies that have either failed or, worse, declared bankruptcy? Double red flag if they've done this after an acquisition as this means they've taken down what was, by definition, a viable profitable company with them.

6. Has the company ever fired its auditor? Double red flag if more than once. Triple red flag if they announce an audit is near completion yet can't or won't name their auditor. The collapse of Arthur Andersen has made auditors skittish and the days of rubber stamping what companies give you is ancient history.

7. Does the CEO or any of the principles own at least one other company that he uses to "lend" money to the company in return for stock? Double red flag if the other company is publicly traded. Triple red flag if the loan is forgiven.

8. Does the company blame its problems on the evil bashers, manipulating MMs, or naked shorts? This is almost always an alibi why their own selling is making the share price decline. Double red flag if the stock is being hyped on multiple message boards by the same people. Triple red flag if any message boards have more than one thread or a "bulls only" thread.

9. Is the company threatening to sue any or all of the so-called bashers? Infinite red flags is they end up doing so.

10. Have any of the bashers ever been successful in aiding the SEC in shutting down a publicly traded company? Double red flag if multiple bashers have such notches in their belts. Triple red flag if any of these bashers have multiple notches in their belts. Infinite red flags if Janice Shell shows up.

- Jeff



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[PLNI]: Promoter Projected Almost $2 Billion Market Valuation for Plasticon

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In a Raging Bull posted message dated July 15, 2005, the promoter rrm_bcnu projected a $1.00 stock price for PLNI by Christmas 2005. At the time of the post there were between 1.4 billion and 2.0 billion PLNI common shares outstanding, thereby implying a total market value for PLNI of almonst $2 billion. Todays PLNI stock price is $0.0038 per share, or 99.8% less than the stock price projected by this promoter.


http://ragingbull.lycos.com/mboard/boards.cgi?board=PLNI&read=5410


By: rrm_bcnu
15 Jul 2005, 10:59 AM EDT
Msg. 5410 of 28073
(This msg. is a reply to 5405 by pfl26.)
Jump to msg. #

I'll give you my opinion of Plasticon... I hold 2.3 million shares and
expect it to be at or near 1.00 before Christmas. The move will be
heavily influenced by PLNI management's willingness to retire
restricted shares, but I believe they will make every attempt to move
off the pinksheets to the BB and beyond. No opinion on the the other
two you mentioned.



cheers

rrm





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Update

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#7 has been added to the false and misleading statements report



http://theworm06.blogspot.com/2005/12/plni-history-of-false-and-misleading.html




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[PLNI]: The Pumping and Hyping of Plasticon by the Promoter "bashersuit05"

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Details to follow






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[PLNI]: The Filing of Financial Statements with the SEC of Acquired Companies

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There is much talk about the delay in the anouncement of the ProMold and Semco acquisitions by PLNI. In fact, PLNI issued a false and misleading press release on the acquisition of ProMold ( http://snipurl.com/kq5k). Stockholders have been told by the PLNI investor relations representatives that the delay in the SEC filngs are being caused by the delay in the completion of audited financial statements of the acquired companies, ProMold and Semco. In order to gauge how long it might take to file these financial statements of the acquired companies, one can review the history that PLNI (Wicklund Holdings Co.) has had with this subject.



1. In an 8-K filed with the SEC dated April 16, 1999, Wicklund stated that it had completed the acquisition of Florida Curbing, Inc. on April 1, 1999.:

http://www.secinfo.com/d1ZY9v.63t.htm
Wicklund Holding Co · 8-K/A · For 10/15/98 · 8-K
Filed On 4/16/99

"On April 1, 1999 WHC acquired all of the outstanding capital stock of Florida Curbing, Inc., a Florida corporation, based in Pompano Beach, Florida inconsideration for 1,000,000 shares of WHC's restricted common stock and $500,000in cash, payable on a note due on June 1, 1999. "



2. In the same 8-K filed with the SEC, the company stated that the required financial statements for Florida Curving, Inc. will be filed by the 60th day following the acquisition. Since the acquisition was closed on April 1, 1999, one can assume that the financial statemens would be filed by June 1, 1999.

"ITEM 7: FINANCIAL STATEMENTS AND EXHIBITS
(a)(1) Filing of required financial information for Florida Curbing is impractical at this time. It will be filed by the 60th dayfollowing the acquisition. "




3. A review of the SEC filings for PLNI (Wicklund Holding Co.) shows that the Company failed to file the financial statements for Florida Curving, Inc. by June 1, 1999. In fact it failed to file the financial statements by July 1, 1999 or August 1, 1999 or Sept. 1, 1999, or for that matter all of 1999. In fact, PLNI did not file the financial statements of Florida Curving, Inc. by the next year, 2000, or the next, 2001. In fact, as of today, December 27, 2005, PLNI has yet to file the financial statements of the company that it had acquired on April 1, 1999.





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Updates

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#6 has been added

http://theworm06.blogspot.com/2005/12/plni-history-of-false-and-misleading.html


[note: the_worm06 continues to wait for a full public apology from rrm]


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Promoter States that Posting Negative Info, Even if True, Will Lead to RICO Charges

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This is the same person that has been pumping and hyping the PLNI stock, including many false and misleading statements about the company:

http://theworm06.blogspot.com/2005/12/plni-history-of-false-and-misleading.html

http://theworm06.blogspot.com/2005/12/plni-promoter-attempts-to-justify.html

He continues to blame the evil market makers and the short sellers for the 80% drop in the stock price of PLNI, even though PLNI has issued approximately 1 billion shares in the last year (500 million in only the last 3 months alone), increasing shares outstanding to 2.3 billion - while at the same time publicly stating that the company is in a buyback program. The promoter's comments are in bold below. Make sure you read the last paragraph. Details of this promoter's dozens of hyping and pumping posted messages on various message boards will be chronicled in a special report on this blog in the near future:



http://ragingbull.lycos.com/mboard/boards.cgi?board=PLNI&read=27447


By: rrm_btdt
24 Dec 2005, 02:31 PM EST
Msg. 27447 of 27448Jump to msg. #

I believe that there are posters here involved in a scheme to depress the price of PLNI. It's just my personal opinion. It is also my belief that these people need not be in a for-profit basis enterprise to be held liable.

I base my belief upon the applicable areas of the following ruling by Chief Justice Rehnquist which he delivered to the Court in the case of the NATIONAL ORGANIZATION FOR WOMEN, INC., etc., et al., PETITIONERS v. JOSEPH SCHEIDLER et al. from January 24, 1994 in which Justice Rehnquist made the following statements:

“We are required once again to interpret the provisions of the Racketeer Influenced and Corrupt Organizations (RICO) chapter of the Organized Crime Control Act of 1970 (OCCA), Pub. L. 91-452, Title IX, 84 Stat. 941, as amended, 18 U.S.C. §§§§ 1961-1968 (1988 ed. and Supp. IV). Section 1962(c) prohibits any person associated with an enterprise from conducting its affairs through a pattern of racketeering activity. We granted certiorari to determine whether RICO requires proof that either the racketeering enterprise or the predicate acts of racketeering were motivated by an economic purpose. We hold that RICO requires no such economic motive.”

“We turn to the question of whether the racketeering enterprise or the racketeering predicate acts must be accompanied by an underlying economic motive. Section 1962(c) makes it unlawful "for any person employed by or associated with any enterprise engaged in, or the activities of which affect, interstate or foreign commerce, to conduct or participate, directly or indirectly, in the conduct of such enterprise's affairs through a pattern of racketeering activity or collection of unlawful debt." Section 1961(1) defines "pattern of racketeering activity" to include conduct that is "chargeable" or "indictable" under a host of state and federal laws. [n.4] RICO broadly defines-enterprise" in §§ 1961(4) to "includ[e] any individual, partnership, corporation, association, or other legal entity, and any union or group of individuals associated in fact although not a legal entity." Nowhere in either §§ 1962(c), or in the RICO definitions in §§ 1961, is there any indication that an economic motive is required.”

“The phrase "any enterprise engaged in, or the activities of which affect, interstate or foreign commerce" comes the closest of any language in subsection (c) to suggesting a need for an economic motive. Arguably an enterprise engaged in interstate or foreign commerce would have a profit seeking motive, but the language in §§ 1962(c) does not stop there; it includes enterprises whose activities "affect" interstate or foreign commerce. Webster's Third New International Dictionary 35 (1969) defines "affect" as "to have a detrimental influence on--used especially in the phrase affecting commerce." An enterprise surely can have a detrimental influence on interstate or foreign commerce without having its own profit seeking motives.”

“We do not believe that the usage of the term "enterprise" in subsections (a) and (b) leads to the inference that an economic motive is required in subsection (c).” The term "enterprise" in subsections (a) and (b) plays a different role in the structure of those subsections than it does in subsection (c).”.

“By contrast, the "enterprise" in subsection (c) connotes generally the vehicle through which the unlawful pattern of racketeering activity is committed, rather than the victim of that activity. Subsection (c) makes it unlawful for "any person employed by or associated with any enterprise . . . to conduct or participate . . . in the conduct of such enterprise's affairs through a pattern of racketeering activity. . . ." Consequently, since the enterprise in subsection (c) is not being acquired, it need not have a property interest that can be acquired nor an economic motive for engaging in illegal activity; it need only be an association in fact that engages in a pattern of racketeering activity. [n.5] Nothing in subsections (a) and (b) directs us to a contrary conclusion.”

“Congress has not, either in the definitional section or in the operative language, required that an "enterprise" in §§ 1962(c) have an economic motive.”

“We hold only that RICO contains no economic motive requirement.”

Thus, if someone is providing negative information here with or without a profit motive, and has a resulting negative influence on the stock price, they could be vulnerable to action. This does not refer to persons who have a clearly stated voluntary disclosure, and whose comments are purely venting of emotion or frustration. But I would say it does apply to posters would post old or outdated company information and then ask questions to create negative innuendo, or straight bash posts such as "HO HO HO .0001" etc.

JMHO

rrm

(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy)




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[PLNI]: The Audit, the Accountant and the Honeymoon

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http://www.investorshub.com/boards/read_msg.asp?message_id=6657272

Wall Street Reporter Magazine Hosting MICRO-CAP INVESTORS SUMMIT V on June 15, 2005 in New York City6/13/2005 12:35:01 PM


CEOs from the following companies will be presenting:
Memry Corp. (MRY)
Healthstream, Inc. (HSTM)
Plasticon International Inc. (PLNI)
Patron Systems, Inc. (PTRS)
Hybrid Fuel Systems, Inc. (HYFS)



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http://www.investorshub.com/boards/read_msg.asp?message_id=6685059

Posted by: vanbookieIn reply to: None
Date:6/15/2005 3:21:05 PMPost #of 3563

Anyone in attendance at the meeting today?



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http://www.investorshub.com/boards/read_msg.asp?message_id=6686068

Posted by: pennydreamsIn reply to: vanbookie who wrote msg# 877
Date:6/15/2005 4:22:08 PMPost #of 3563

Yes...I attended and spoke with Jim Turek and Bill Howe for about an hour after their presentation. I have a lot to digest, it's all positive. The numbers won't be out for a few weeks. The auditor working on the numbers got married (which he is allowed to do) and went on a three week honeymoon to the Philipines but neglected to inform Jim Turek that the numbers would not be ready prior to his departure. JIm is very angry and looking for a firm to pick up the project ASAP and have the numbers out in a few weeks. That was the only negative.

I plan to review a lot of materials, speak to Bill Howe again on Friday and then post some information for all to review by the weekend.

It looks like we have a real winner here. We need to be patient and properly manage our expectations.

The company is profitable. It will be incrementally more profitable with the acquisition of SEMCO. I want to use the numbers I have and try to lay out some reasonable expectations for us over the next 12-18 months.




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[TBLU]: Who Really Received the 28.7 million Telcoblue Inc. Common Shares?

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1. James N. Turek is the CEO of both PLNI and TBLU. In an 8-K filed with the SEC on February 10, 2004, Telcoblue Inc. (TBLU) stated that it acquired Promotional Containers Manufacturing, Inc. (“PCM”) in a reverse merger transaction and that James N. Turek received 28.7 million common shares of TBLU :


http://www.secinfo.com/duV3u.1p.htm

Telcoblue Inc · 8-K · For 1/15/4
Filed On 2/10/4 8:22am ET · SEC File 1-16099 ·
Accession Number 1014897-4-22

ITEM 1. CHANGES IN CONTROL OF REGISTRANT

Pursuant to the terms of the Agreement Plan of Reorganization dated January 15, 2004, James N. Turek, the President and CEO of Promotional Containers Manufacturing, Inc., a private Nevada corporation, received 28,700,000 common shares of telcoBlue, which presently represents 84% of telcoBlue's issued and outstanding common stock.

ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS

On January 22, 2004, we acquired all the issued and outstanding stock of PCM in exchange for 28,700,000 shares of telcoBlue, Inc. common stock through a tax-free stock exchange, the terms and conditions which are set forth in an Agreement and Plan of Reorganization dated January 15, 2004.



2. In an Agreement and Plan of Reorganization that was included in the same 8-K above, it was stated the 28.6 million TBLU common shares would be issued to the undersigned shareholders of PCM on a pro-rata basis. James Turek owned the majority of the PCM common shares outstanding, one million. The amount owned by the son of James Turek, James N. Turek, II, was only one thousand common shares:


http://www.secinfo.com/duV3u.1p.d.htm

"...TBLU shall caused to be issued and deliver to PCM one or more stock certificates registered in the name of the undersigned shareholders of PCM, on a pro-rata basis totaling 28,600,000 shares in exchange for 100% of the outstanding shares of PCM Common stock..."

and

"...One million shares of Class A common stock has been issued to James Turek, 1,000 shares of Class A common stock has been issued to Brandon D, Turek, 1,000 shares of Class A common stock has been issued to James N. Turek, II and 1,000 shares of Class A common
stock have been issued to Ed Garstka..."



3. The SEC filing mentioned in paragraph #1 above also stated that the amount of TBLU common shares owned by James N. Turek, 28.7 million, represented 84% of TBLU’s issued and outstanding common stock.


4. In a 10-Q filed 6 months later, on August 23, 2004, TBLU stated that the 28.7 million TBLU shares were issued not to James N. Turek, the CEO of TBLU and PLNI, but to his son, James N. Turek, II:


http://www.secinfo.com/d12TC3.1cjh.htm

Telcoblue Inc · 10QSB · For 6/30/4
Filed On 8/23/4 3:12pm ET · SEC File 1-16099 · Accession Number 1144204-4-12926

"On January 22, 2004, telcoblue, Inc. acquired all the issued and outstanding stock of Promotional Containers Manufacturing, Inc. ("PCM"), a private Nevada company in exchange for 28,700,000 shares of telcoBlue, Inc. ("TELCO") common stock through a tax-free stock exchange, the terms and conditions set forth in an Agreement and Plan of Reorganization ("Agreement and Reorganization"). The company presently trades on the Over the Counter Bulletin Board stock exchange under the symbol, "TBLU".

The 28,700,000 shares were issued to James N. Turek, II, the son of James N. Turek, Sr., the President of telcoBlue, Inc. "



5. Subsequent 10-Q SEC filings by TBLU also state that on Janurary 22, 2004 the 28.7 million TBLU shares were issued to the son, James N. Turek, II.


6. In the section titled “Security Ownership of Certain Beneficial Owners and Management”, that was part of the 10-K filed by TBLU on June 9, 2005 for the year ended December 31, 2004, it was stated that the son, James Turek II, was the owner of the 28.5 million TBLU common stock shares:


http://www.secinfo.com/d12TC3.zY1g.htm

Telcoblue Inc · 10KSB · For 12/31/4
Filed On 6/9/5 4:01pm ET · SEC File 1-16099 · Accession Number 1144204-5-18495

"Item 11. Security Ownership of Certain Beneficial Owners and Management.

The following table sets forth information as of December 31, 2004, regarding the ownership of telcoBlue's common stock by each shareholder known to telcoBlue to be the beneficial owner of more than five percent of its outstanding shares of common stock, each director and all executive officers and directors as a group. Except as otherwise indicated, each of the shareholders has sole voting and investment power with respect to the shares of common stock beneficially owned.

NAME AMOUNT OF COMMON STOCK PERCENT OF COMMON STOCK
BENEFICIALLY OWNED BENEFICIALLY OWNED
--------------------------------------------------------------------------------
James Turek II 28,500,000 75% "



7. As of today’s date, there have been no form 4 SEC filings by TBLU, James N. Turek, Sr. or James N. Turek, II regarding the transfer of the 28.7 million TBLU common stock shares from the father to the son. The 28.7 million TBLU shares represent approximately 80% of the outstanding shares of TBLU and had a market value as of the date that TBLU issued them to either the son or the father of $2.6 million (January 22, 2004). The father, James N. Turek, Sr. has been involved in bankruptcy proceedings during this period: http://snipurl.com/kvlj


8. Who really received the 28.7 million TBLU shares of common stock? Who really owns the shares?



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[PLNI]: The BlueLinx Catalog

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"BLUELINX Corporation, the largest building distribution company in the United States, serves as the exclusive domestic distributor of Plasticon's patented recycled rebar support products."

http://snipurl.com/l003



and what someone has to say about PLNI in the BlueLinx Catalog:


http://www.siliconinvestor.com/readmsg.aspx?msgid=21996250

To: rrm_bcnu who wrote (1126)
12/22/2005 10:13:40 AM
From: Farnzworth
Read Replies (2) of 1139

rrm, you are the guy that needs to catch up on DD. If you had a BlueLinx catalog for their "Concrete Reinforcement Products" you would see that the company name "Plasticon" is NOT in it. There is one page with "Bar supports - Plastic" that shows plastic products similar to what Plasticon sells. Go to the BlueLinx website and show me "bar supports - plastic" or Plasticon. This shows me that Plasticon either does not have a good brand name or that BlueLinx does not want to be tied down to having PLNI as a sole supplier for these types of products. If you knew the basics of distribution, you would know that a distributor will switch suppliers in a heart beat if he gets a better deal from another manufacturer. I happen to know a large manufacturer (injection molding and extrusions)that has a national salesforce, excellent product website, well financed, and sells through distribution that is currently looking at rebar support products. By the way, this manufacturer does not allow their products to be displayed in a distributors website or catalog without their brand name.



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[PLNI]: A History of False and Misleading Statements by Two Stock Promoters

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The purpose of this section is to chronicle the false and misleading public statements made by these two stock promoters on the message boards: http://snipurl.com/kyyo and http://snipurl.com/kwrs. The section will be updated periodically.


1. By: rrm_bn4u 14 Nov 2005, 09:00 PM EST

http://ragingbull.lycos.com/mboard/boards.cgi?board=PLNI&read=21393

False Statement:

"The Plasticon acquisition of ProMold was completed on the 9th as scheduled. All funding for the acquistion was private and did not involve any dilution of stock."

the_worm06 Comments: According to a press release issued by PLNI, the ProMold acquistion was still not completed as of the date of the press release, Dec. 9, 2005, almost a full month after rrm_bn4u's false statement: http://theworm06.blogspot.com/2005/12/plni-false-misleading-statements-on.html. The false statement above was derived by the poster based on his conversations with Bill Howe, the investor relations consultant to PLNI. In the following posted message, rrm_bcnu states that "your affirmations are the same as saying it yourself": http://www.siliconinvestor.com/readmsg.aspx?msgid=22002348





2. By: rrm_bn4u 13 Oct 2005, 09:41 AM EDT

http://ragingbull.lycos.com/mboard/boards.cgi?board=PLNI&read=16094

False Statement:

"Anyone who sells off into this run will regret those sales for months."

the_worm06 Comments: This statement was made on October 13, 2005. The PLNI stock price closed at $0.0101 on that date. More than two months later, on December 21, 2005, the PLNI stock price closed at $0.004, dropping more than 60% from the date that rrm_bn4u made the statement above. Anyone who sold at the time of rrm_bn4u's comment, against his advice, would have prevented a loss of 60% on their value of PLNI stock and would not have regreted it.

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3. From: rrm_bcnu12/18/2005 12:05:55 AM

http://www.siliconinvestor.com/readmsg.aspx?msgid=21983133

False Statement:

"Only new shares issued from the Authorized Shares to the Outstanding Shares are dilutive (have a long term negative effect), and only then if they do not improve the company's cash flow."

the_worm06 Comments: details to follow.

4. From: rrm_bcnu12/18/2005 12:05:55 AM

http://www.siliconinvestor.com/readmsg.aspx?msgid=21983133

False Statement:

"If you issue shares to buy hardware that allows you to increase sales... that isn't dilutive to true valuation."

the_worm06 Comments: details to follow.




5. From: rrm_bcnu12/18/2005 12:05:55 AM

http://www.siliconinvestor.com/readmsg.aspx?msgid=21983133

False Statement:

"Shares that have been repurchased by the company are not considered issued stock, and are removed from the Outstanding Shares total, thus improving the metrics and the PPS.."

the_worm06 Comments: Part of the sentence above is false. A repurchase of shares by the company will not necessarily lead to an improved PPS (price per share) of the company. Two important parameters that should additionally be considered to determine whether the PPS would improve in a repurchase of shares are (1) the price that is paid per share in the repurchase and (2) the missed opportunity cost of spending the cash on the repurchase.

An example of (1) above (overpaying for the repurchase) that would result in no improvement of the PPS, or even a drop in PPS, would be if the company overpays for the repurchase of the shares by a considerable amount. For instance, in an extreme case, if PLNI borrowed $100 million and used the $100 million to purchase only 200 million PLNI shares from a particular stockholder (at 50 cents per share), the company would have retired only 200 million of the 2.3 billion common shares outstanding and would have burdened PLNI with $100 million of debt, carrying interest expenses of about $10 million per year (at a 10% interest cost). This repurchase would cause the PPS to drop.

An example of (2) above (missed opportunity cost) that would result in no improvement of the PPS, or even a drop in PPS, would be if the company was carrying significant cash, such as $20 million, and the market was assuming that the $20 million would be used for a lucrative acquisition - and instead the company used the cash to overpay for a common stock repurchase. This repurchase also would cause the PPS to drop.

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6. From: rrm_bcnu...12/26/2005 4:12:09 PM

http://www.siliconinvestor.com/readmsg.aspx?msgid=22004677

False Statement:

"The way I read this these people are already convicted in court and have refused to halt their activity. Are they crazy or just want some time in the state penn.?"

the_worm06 Comments: This is a completely false statement. No one has been convicted. The information that this promoter is referring to is a press release by a company copying a letter from their crooked attorney regarding a lawsuit. To state that someone has been convicted and to state that they might be headed towards the state penitentiary implies that they have commited a crime. No one has committed a crime. The promoter that posted these remarks is a step away from being sued for several millions dollars for posting defamatory statements and libel against a known individual, unless a full public apology by this promoter, rrm, is posted in the near future. It is recommended that this poster contact his attorney immediately regarding the seriousnous of his statements.

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7. jmhollen......Wed Dec 28, 2005 7:32 pm

http://snipurl.com/l4io

False Statement:

"PLNI's new subsidiary, Semco...................... "

the_worm06 Comments: As of the date of the post, PLNI had yet to formally announce that the acquisition of Semco had closed, therefore it could not have been a subsidiary of PLNI at the time of the post. This is an attempt by the promoter jmhollen to mislead the investors, by posting false and misleading information about PLNI, into believing that the assets and business of PLNI are greater than they really are.

More to follow in the near future




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[PLNI]: An Update on the Bankruptcies

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Discussion on the $4.7 million in unsecured claims in the bankruptcy case against James Turek, the CEO of PLNI:


http://www.siliconinvestor.com/readmsg.aspx?msgid=21985866


To: rrm_bcnu who wrote (2430)
12/19/2005 11:09:44 AM
From: Jeffrey S. Mitchell
Read Replies (2) of 2528

As far as I can tell the plan was submitted and stock was issued on or near 2/23/05.

According to the US Trustee handling the case, whom I spoke to a few minutes ago, this is likely not the case. He made sure to say that once an agreement is reached there is no requirement that he be informed of who got what and when-- only that either motions to compel were filed (i.e. people were not getting their money and were looking to the courts to enforce the judgment; none have been filed so far) or that the entire case was ready to be discharged (i.e. everyone got their money; nothing on this either).

Once a judgment is reached, a confirmation letter goes out. Turek's confirmation letter is dated 4/12/05. This letter was amended on 5/10/05, with up to 10 days allowed in case of a dispute. Therefore, unless there was a dispute, which he has no knowledge of, the order would have been final by 6/1/05 and only then would Turek be obligated to start giving out stock.

The Trustee sent out a request for status letter one week ago and has so far not gotten a reply. He doesn't expect the detailed information I requested (who got what shares and at what price) to be given to him in return, but who can say. As for whether stock transactions such as this need to be filed with the SEC, that was beyond his expertise. He was unaware of any agreement that allowed Turek to issue 75% (as opposed to 100%) of the judgment in stock and said I should really call the debtor's attorney... which I did but am awaiting a return call from. Feel free to get these answers from PLNI and we'll compare notes.

- Jeff

P.S. Let's hope we can both accomplish this goal in a civil manner.



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http://www.siliconinvestor.com/readmsg.aspx?msgid=21986146


To: jmhollen who wrote (2439)
12/19/2005 12:17:12 PM
From: Jeffrey S. Mitchell
Read Replies (1) of 2531

The particular person I talked to was Charles Edwards. The person I am awaiting a call back from is C. Edwin Rude. Their contact info and more info on the case is contained in the link I posted ( http://myturl.com/0020P ).

- Jeff


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http://www.siliconinvestor.com/readmsg.aspx?msgid=21986964



To: rrm_bcnu who wrote (2436)
12/19/2005 3:42:42 PM
From: Jeffrey S. Mitchell
Read Replies (1) of 2531

I just talked to Atty. Rude. I'm sure Atty Rude will tell Mr. Turek he spoke to me for anyone who wishes to verify I did (probably best for disbelievers to verify my words that way instead of everyone calling the attorney themselves). In any event, Mr. Rude didn't have all the details in front of him and thus couldn't get into specifics, but he did try to be helpful as opposed to try to get me off the phone. He said in a few days he would see if he could get me the details of the plan. I guess whether he does or not will depend on what is considered public information and what control Mr. Turek has in all this.

Whether it's $4.7m, $3M, $2M or whatever, that's a lot of stock that, if dumped, could affect the share price significantly. It would also explain things much better than "the evil basher short-sellers must be responsible" although I somehow doubt that alibi will ever go away.

So... to be continued...

- Jeff




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[PLNI, TBLU] - Plasticon Forgives $140,507 loaned to Telcoblue Inc.

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Telcoblue Inc. (TBLU) filed today their 10-Q with the SEC for the period ending September 30, 2005. James Turek, the CEO of PLNI is also the CEO of TBLU. As can be seen below, PLNI loaned TBLU $140,507, then forgave the amount, never to receive payment from TBLU. Where did did PLNI obtain the cash for this loan? From sales of PLNI common shares? Is PLNI diluting its stockholders in order to transfer funds to TBLU, never to receive payment from TBLU? What happened to the $140,507? Was it paid to certain "consultants" of TBLU?


http://www.secinfo.com/d18jvt.z8.htm

Telcoblue Inc · 10QSB · For 9/30/5
Filed On 12/20/5 10:44am ET · SEC File 1-16099 · Accession Number 1331186-5-7

4. RELATED PARTY TRANSACTIONS On September 20, 2005, Plasticon International, Inc., a Wyoming corporation, (formally Wicklund Holding Company (WHC)), forgave a debt of $140,507 owed to WHC by telco Blue, Inc. James N. Turek, the President and CFO of telcoBlue, Inc. is also the President of Plasticon International, Inc. and WHC. The result is an addition to other income in the amount of $140,507 for the period.




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[PLNI]: The "Promotional Containers" Questions

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1. What is "Promotional Containers Inc."?... Who owns this company?... Is it incorporated in Nevada?

2. What is "Promotional Containers Manufacturing, Inc."?...Who owns this company?...If it is incorporated in Nevada, then why does the Nevada Corporation website not include this company in its database?

3. What is "PCM, Inc."?...Who owns this company?...Is it incorporated in Nevada?

4. What is the relationship between Promotional Containers, Inc., Promotional Containers Manufacturing, Inc. and PCM, Inc.?

5. What is the relationship between the three companies (Promotional Containers, Inc., Promotional Containers Manufacturing, Inc. and PCM, Inc. ) and the following individuals and entities?

a. James Turek
b. Edward J. Garstka
c. Plasticon International, Inc. (PLNI)
d. Telcoblue, Inc. (TBLU)
e. Georgia-Pacific
f. BlueLinx
g. Sports Wheels, Inc.
h. Wicklund Holding Co.

details to follow





_________________________________________________________

[PLNI]: What is the Real Production Capacity of Pro Mold, Inc.?

1. In a press release issued by PLNI about the acquisition of Pro Mold, Inc. dated Dec. 9, 2005, PLNI states that:

"Pro Mold, Inc. is currently profitable and generates revenues of approximately $5 million annually."
http://snipurl.com/kwaf


2. In a separate press release issued by PLNI dated Nov. 9, 2005 regarding the Pro Mold, Inc. production capacity, PLNI states that:

"The new production facility allows for $20 million in production and sales annually at present production capacity..."
http://snipurl.com/kwam


3. By reviewing the public statements in press releases made by PLNI about Pro Mold, Inc. and exhibited in paragraphs #2 and #3 above, it can be concluded that Pro Mold revenues of about $5 million per year use only about one-fourth of the Pro Mold production capacity. However, in the press release issued by PLNI on Oct. 26, 2005 (http://snipurl.com/kwas), the company states that:

"Increased Demand for ProMold, Inc. Products Leads to $1 Million Backlog of Orders"

and

"...the company will adopt a 6 day per week, 24 hour per day production cycle to meet increased demand..."


4. By reviewing the three paragraphs above one has to ask the question: Why would a company that is operating at only one-fourth of its capacity of $20 million per year have to adopt a 6 day per week, 24 hour per day production cycle in order to satisfy a mere $1 million backlog of orders? Is this because PLNI has been issuing false statements regarding the true capacity of Pro Mold, Inc? Is this because PLNI has been issuing false statements regarding the true revenues of Pro Mold, Inc.? How about the increased demand for Pro Mold products?

Something just does not make sense here.







________________________________________

[PLNI]: A Promoter Attempts to Justify Massive Company Share Issuance

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Below you will find a copy of a post on the Silicon Investor message boards by the promoter "rrm_bcnu" ("rrm_bn4u" on the Raging Bull message boards) attempting to justify the 70% stock price drop in PLNI (to a low on Friday of $0.0043/share) during the last few months. During this period the company issued 500 million common shares in 3 months, to increase its total outstanding to 2.3 billion shares. In addition, total authorized common shares were also increased substantially, from 2 billion to 5 billion in October 2005, without informing the shareholders, while the company was publicly stating that it was going to begin a "share buyback" program.


Some comments on the rrm_bcnu posted message:

1. In dicussing the "Personal Reorg Chapter 11" of James Turek, the CEO of PLNI, rrm_bcnu fails to mention that Turek's bankruptcy is still undischarged. He also fails to mention that as part of the Reorganizaiton Plan, PLNI will have to issue treasury stock to satisfy $4.7 million in unsecured claims (http://snipurl.com/kvlj). In addition, rrm_bcnu also fails to mention that International Plastics and Wicklund Holding Company, two predecessor companies in the same business as PLNI and managed by Turek, also filed for bankruptcy.

2. rrm_bcnu further goes on to copy and paste a definition of Outstanding Shares from the following website - http://www.investopedia.com/terms/o/outstandingshares.asp, but says that it is in his opinion ("IMHO") and mixes it with statements that not only show his lack of knowledge of Corporate Finance and Accounting, but are actually false. He then proceeds to use the statement "true share valuation" without defining what it means, making some very naive and blatantly false conclusions such as:

"If you issue shares to buy hardware that allows to increase sales...that isn't dilutive to true valuation"

and

"So if Turek were selling shares would those sales be dilutive to your share value? NO!"


3. Forgetting that PLNI has issued 500 million shares in the last 3 months during the 70% drop in stock price, rrm_bcnu again falsely states that although the stock price has dropped significantly,

"However, the true valuation of your shares would not have changed, but the current share price would have temporarily declined."


4. rrm_bcnu asks as to who is buying all the shares that have been sold into the market by Turek and/or PLNI and/or promoters. He fails to mention the paid promotional firms Apple and The Green Baron Report that have pumped and hyped PLNI to unsuspecting investors.


5. rrm_bcnu then goes on to mention SEMCO, but PLNI has yet to formally announce the closing of the acquisition of SEMCO. He also mentions Pro Mold, which again has yet to be acquired by PLNI, according to the latest false and misleading press release by PLNI: http://snipurl.com/kq5k.


6. Finally, rrm_bcnu states that PLNI would recover in stock price and be worth 10-20x its current stock price of $0.0046 (at the Friday closing). To show how ridiculous this projection is, 20 x $0.0046/share is a stock price of about 10 cents/share and with at least 2.3 Billion shares outstanding, rrm_bcnu says that PLNI is worth over $200 million. It gets even worse - only recently, this same person was projecting a $575 million valuation for PLNI by October 2006: http://snipurl.com/kvl9
Remember that this is coming from the same person that has made the outlandish statements that Otc bulletin board companies have to pay about $1 million per company per audit in order to conform to Sarbanes-Oxley: http://snipurl.com/kvlb

The Silicon Investor posted message by "rrm_bcnu"


http://www.siliconinvestor.com/readmsg.aspx?msgid=21983133



From: rrm_bcnu
12/18/2005 12:05:55 AM
of 2378

I've read a lot of stuff about Jim Turek and a Personal Reorg Chapter 11 that is diluting the stock...

IMHO all stock currently held by investors, including restricted shares owned by Turek and other insiders, as well as those held by the public, are included in the company's Outstanding Shares. They are also known as "issued shares" or "issued and outstanding."

This number is shown on company's balance sheets under the heading "Capital Stock" and is more important than the Authorized Shares or Float. It is used in the calculation of many widely used metrics including "market capitalization" and "Earnings-per-Share (EPS)". Those metrics directly impact the stock price per share.

So even if Turek is forced to sell some of his personal shares, they are non-dilutive to your true share valuation. Only new shares issued from the Authorized Shares to the Outstanding Shares are dilutive (have a long term negative effect), and only then if they do not improve the company's cash flow. If you issue shares to buy hardware that allows you to increase sales... that isn't dilutive to true valuation.

Shares that have been repurchased by the company are not considered issued stock, and are removed from the Outstanding Shares total, thus improving the metrics and the PPS.

So if Turek were selling shares would those sales be dilutive to your share value? NO!

Would the sale of shares drive the price down? It's a chain of events... The higher the availability of shares for sale, the cheaper the Bid price. The more perceived panic or doubt, the more shareholders will offer their shares at a lower Ask. The lower the Ask, the lower the Bid... and the lower the resulting PPS. It seems simple to those of us whove been around a while.

However, the true valuation of your shares would not have changed, but the current share price would have temporarily declined. The stock becomes oversold and undervalued. That usually means that speculators and traders would purchase shares at the cheap price, and ride the price wave back up until the real valuation is exceeded by some value. The stock is then overbought and overvalued.

Why would anyone want to create such a negative impression? If you were playing the stock short you would want to buy-to-cover at the lowest possible price. Thus, it would pay you in the long run to short sell as many vapor shares as possible, and to spread confusion in the form of personal opinion... like the word that the company was continuing to dump shares into the OS and float, that it was lying to shareholders, that management is hosed, and that the entire BB deal is hosed up. Such manipulation is illegal if it is orchestrated to move the price lower for profit.

The key to understanding all this is the answer to the following question:

Who is buying all these shares? Every share sold has a buyer. If the company were really the pits, who would buy it? Few, if any, would risk real capital on a hoax. No buyers and lots of sellers equals a dramatically lower price. I mean the price would drop in a matter of minutes... days at the most. Look at HTDS when the knife fell. It was not a slow decline in price over months and weeks as someone struggled to shake loose a few "weak hand" shares.

Novice traders and investors whose sight is blurred by confusion just look at their cost basis and compare today's price. At some point we all do that. But that is the reason seasoned traders search for truth. What does the staff secretary at ProMold say about "24 hour production?" What does she say about Plasticon acquisition? What does the Sales Manager at Semco say about 2006 sales? What does he say about Plasticon acquisition? What does the Line Supervsor at R&S sayabout Plasticon products? What about his ordering? How about the BlueLynx folks.. do they confirm high order rates and what do they say about Plasticon?

Think about this whole event...

I still believe that the PLNI share price will recover based on what I have researched from ProMold, Semco, and BlueLynx. If just half of what the previous six months PR's have stated comes to pass, this stock will be a 10-20x runner in my opinion.

Cheers

rrm





_________________________________________

[PLNI]: $4.7 million and Stock Dilution

$4.7 million

That is the amount of unsecured claims in the bankruptcy case for James Turek, the CEO of PLNI, listed below.

This is from the Third Amended Reorganization Plan that is included in the public court documents. It also states that PLNI will issue treasury stock to satisfy the $4.7 million in unsecured claims. It states that the PLNI stock will then be sold by the creditors.

Does anyone know the amount of PLNI stock that was issued by PLNI in order to satify these claims?

Has the PLNI stock been issued yet or is it planned to be issued in the near future?




FROM PACER:

U.S. Bankruptcy Court
Northern District of Florida (Panama City)
Bankruptcy Petition #: 02-20411-LMK

Assigned to: Judge Lewis M. Killian Jr.
Chapter 11
Previous chapter 11
Voluntary
Asset
Date Filed: 05/14/2002

JAMES N. TUREK
3166 CUSTER DRIVE
SUITE 303
LEXINGTON, KY 40517
SSN: xxx-xx-0382

Debtor represented by
C. Edwin Rude, Jr.
C. Edwin Rude, Jr. Attorney at Law
211 E. Call Street
Tallahassee, FL 32301-7607
850-222-2311
Fax : 850-222-2120
Email: edrudelaw@earthlink.net

United States Trustee
110 E. Park Avenue
Suite 128
Tallahassee, FL 32301
850-521-5050

U.S. Trustee represented by
Charles F. Edwards
Office of U.S. Trustee
110 East Park Avenue
Suite 128
Tallahassee, FL 32301
850-521-5050
Fax : 850-521-5055
Email: charles.edwards@usdoj.gov

02/23/2005 286 Third Amended Chapter 11 Plan As Restated Filed by Debtor JAMES N. TUREK (RE: related document(s)197 Chapter 11 Plan, ). (Attachments: # 1 Exhibit A# 2 Exhibit B# 3 Exhibit C)(Rude, C.) (Entered: 02/23/2005)




___________________________________________________

[PLNI]: The Missing Press Releases

What happened to the following two press releases issued in 2004 that are missing from the PLNI website?

Has the company been caught issuing more false and misleading press releases?

The PLNI audited financial statements, when they are finally filed with the SEC, should provide some answers, especially when the revenue levels of PLNI during the last 12 months are compared to the December 14, 2004 PLNI press release below:


Missing Press Release #1

http://snipurl.com/kuiw

Plasticon International New Revenue Growth

14 Dec 2004

-- The trucks are rolling --

LEXINGTON, Ky., Dec. 14 /PRNewswire-FirstCall/ -- Plasticon International, Inc. (NASDAQ:PLNI) announced today that the trucks are rolling, with orders exceeding 8 truck loads per month reflecting $200,000.00 to $250,000.00 in new sales monthly.

James N. Turek, President of Plasticon International stated, "Our exclusive distributor with sixty plus warehouses is gearing up to meet spring construction demands. Acceptance of the PAC Chair III, our newest product has been the driving force for these new sales."

You can access an overview of Plasticon International, Inc. products by visiting its corporate website: http://www.wicklundholdingcompany.com/ .

For further information, please call toll-free and speak with one of our Investor Relations Representatives at Equitilink:Equitilink LLC 877-788-1940 toll-free 858-824-1940 local or international callers

Forward-Looking Statement

This Press Release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the actual results related to the forward-looking statements could differ materially from those anticipated or implied in the forward-looking statements.

Source: Plasticon International, Inc.
CONTACT: James Turek, President of Plasticon International, Inc.,+1-859-245-5252
Web site: http://www.wicklundholdingcompany.com/


========================================


Missing Press Release #2

http://snipurl.com/kui8

Plasticon International, Inc. Announces Today the Audit is Near Completion

11 Nov 2004

LEXINGTON, Ky., Nov. 11 /PRNewswire-FirstCall/ -- Plasticon International, Inc. (Pink Sheets: PLNI) announced today that it is nearing completion of the audit of its financial statements.

Mr. James Turek, president of Plasticon International, Inc. stated, "We are extremely excited with the progress of the audit of our financial statements. Upon completion of the audit the company will be in a position to make application for listing on the OTC Bulletin Board."

Mr. Turek further stated, "The company has been an SEC reporting company a number of years and is pleased that the completion of the audit will allow for the company's SEC filings to be brought current which will provide the investment community with a complete and accurate picture of the company's progress."

You can access an overview of Plasticon International, Inc. products by visiting its corporate website: http://www.wicklundholdingcompany.com/ .

Forward-Looking Statement

This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the actual results related to the forward-looking statements could differ materially from those anticipated or implied in the forward-looking statements.

Source: Plasticon International, Inc.
CONTACT: James Turek, President of Plasticon International, Inc.,+1-859-245-5252
Web site: http://www.wicklundholdingcompany.com/

[PLNI]: Stock Price Projection

PLNI stock price projection by the_worm06:


$0.001 per share

[PLNI]: The "AUDIT"

PLNI has yet to complete the audited financials statements and file with the SEC as of today.

Below you will find public statements from PLNI press releases regarding the timing of the completion of the audit, going as far back as 16 months ago - Sept. 2004. One of the press releases, issued on November 11, 2004, more than a year ago, even exhibited the heading " Plasticon International, Inc. Announces Today the Audit is Near Completion".



September 21, 2004
"De Joya and Company is scheduled to begin a full financial audit of Plasticon International/Wicklund Holding Company on October 7 th in preparation for seeking a listing of Plasticon’s shares on the OTC Bulletin Board. "


November 11, 2004
http://snipurl.com/kui8
"Plasticon International, Inc. Announces Today the Audit is Near Completion"

"Plasticon International, Inc. (Pink Sheets: PLNI) announced today that it is nearing completion of the audit of its financial statements."

"Mr. James Turek, president of Plasticon International, Inc. stated, "We are extremely excited with the progress of the audit of our financial statements. Upon completion of the audit the company will be in a position to make application for listing on the OTC Bulletin Board."

"Mr. Turek further stated, "The company has been an SEC reporting company a number of years and is pleased that the completion of the audit will allow for the company's SEC filings to be brought current which will provide the investment community with a complete and accurate picture of the company's progress.""


May 18, 2005
http://snipurl.com/kswt
"Plasticon Takes Major Step Forward in Transition from Pink Sheets to OTCBB; President and CEO Jim Turek Announces That Audit of All Company Financials Will Be Completed in 4 Weeks"

"Plasticon International Inc. (Pink Sheets - PLNI) today announced that it has come one step closer in the company's transition strategy to move from the Pink Sheets to the OTCBB. An audit of all company financials will be completed in 4 weeks."

"This audit is an important milestone in terms of demonstrating to our shareholders and the public that we are serious in our goal of moving the company forward," said Jim Turek, President and CEO of Plasticon International, Inc. "We are pleased to announce that we are 4 weeks from a completed audit. Upon completion, we will immediately be filing the necessary documents with the SEC to become fully reporting."


June 2, 2005
http://snipurl.com/ksxd
"As a final note, Mr. Turek mentioned that he will also be discussing Plasticon's upcoming transition from the Pink Sheets to OTCBB. "Our transition strategy is a very important issue for institutional investors, investment banking firms and high net worth investors," Mr. Turek said. "A full company audit will be completed in weeks, and that is a significant step towards becoming fully reporting, transitioning to the OTCBB and eventually becoming a big board stock. There are many positive developments with Plasticon International to report, and I'm looking forward to presenting at this important forum."


June 17, 2005
http://snipurl.com/kswz
"Mr. Turek said that the company's top priority right now is to have the company audit completed by the end of July. "I am confident that we can meet this deadline. This is a very important step for us. Once the audit is completed we will immediately file the necessary documents with the SEC, in order to move Plasticon to the OTCBB. We expect this to be accomplished in the next 30 to 90 days. ""


September 19, 2005
http://snipurl.com/ksyu
"There is one very important issue that I am pleased to share with you: Plasticon is currently in the final stages of its audit. Although we cannot offer an exact date, based on our tireless efforts, our auditors have indicated that the Plasticon audit should be completed in the very near future. Upon completion, the company will file with the NASD to move Plasticon to the Nasdaq Bulletin Board (OTCBB). I acknowledge that this process is taking longer than we expected. However, due to the meticulous nature of audits in this day and age (Sarbanes-Oxley) the audit process has extended beyond our original projections. Let me reassure you that we are doing everything possible to complete the audit, and we are close to the end of this process. We are keenly cognizant that it is in the best interests of the company and its shareholders to complete the audit as expeditiously as possible and move Plasticon to a more transparent exchange: the Nasdaq bulletin board (OTCBB). "


September 19, 2005
http://snipurl.com/ku2r
"Plasticon International, Inc. in Final Stages of Audit for Uplisting to NASDAQ Bulletin Board (OTCBB)"

"Plasticon International Inc. (Pink Sheets:PLNI) is pleased to announce that the company is now in the final stages of completing its audit, which will allow the company to uplist to the NASDAQ Bulletin Board. "

"In an open letter to the shareholders posted on the company's website, Plasticon President and CEO, Jim Turek stated, "Plasticon is currently in the final stages of its audit. Though we cannot offer an exact date, based on our tireless efforts, our auditors have indicated that the Plasticon audit should be completed in the very near future. Upon completion, the company will file with the NASD to move Plasticon to the NASDAQ Bulletin Board (OTCBB). I acknowledge that this process is taking longer than we expected. However, due to the meticulous nature of audits in this day and age (Sarbanes-Oxley) the audit process has extended beyond our original projections. Let me reassure you that we are doing everything possible to complete the audit, and we are close to the end of this process. We are keenly cognizant that it is in the best interests of the company and its shareholders to complete the audit as expeditiously as possible and move Plasticon to a more transparent exchange: the NASDAQ bulletin board (OTCBB)."


September 28, 2005
http://snipurl.com/ku2x
"In the Webcast, Mr. Howe gives an overview of Plasticon's innovative products, the size of the rebar supports market, and the company's exclusive sales agreement with the largest building materials distribution company in the United States. In addition, he specifically addresses the fact that Plasticon's audit is in its final stages and that upon completion, Plasticon intends to make the necessary filings to become fully reporting and move to the NASDAQ bulletin board (OTCBB). Finally, he also gives current and prospective shareholders an update on a number of important acquisitions. "



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[PLNI]: The relationship between Silicon Investor's "SI Admin (Dave)", PLNI and PLNI's Promoters, e.g. John M. Hollen

http://www.siliconinvestor.com/profile.aspx?userid=9086592


Details to follow in the near future.

[PLNI]: The Recent Green Baron Report Update on PLNI

Below please find two posted messages from Allstocks.com

Notice that The Green Baron Report is involved in distributing the false and misleading PLNI press relase regarding the closing of the acquisition of Pro Mold, inc.

The second posted message by "StockHunter" gives a good summation of the questions that should be asked regarding the capital structure of PLNI and the involvement of The Green Baron Report.

http://snipurl.com/koth





-----------------------------------------------------------------------
Chopper
Member Member Rated:
posted
December 11, 2005 10:42

Besides the fact they are a promoting website.... I do like the fact they put their money where their mouth is and supported the stock.



Special Update from the Green Baron


Plasticon International (PK: PLNI)
Pre-Market News Alert:

Plasticon Completes Pro Mold, Inc. Acquisition

Plasticon International has been a Green Baron favorite for much of 2005. Members who followed our May 2005 profile were treated to a stock that rallied from .0052 to .0199 in less than 30 days. The stock traded back and forth between .011 and .019 for much of the year until recently. Amazing enough, Plasticon has given back nearly all its gains from this year at a time when it appears things are just getting started at the Company. Today’s release confirms a number of important developments for Plasticon.

The Green Baron Report has plans to interview CEO Jim Turek and Senior Consultant Bill Howe at least one or two more times in the near future. Both gentlemen are eager to report what has been happening over the past few months in great detail, but must be careful about appearances and interviews during what appears to be the final stages of its audit.

Our parent company, Evergreen Marketing, Inc. has recently purchased stock through private transactions in Plasticon. We have also suggested our closest high net worth contacts to consider supporting Plasticon due to its extremely promising future. Although we would like to articulate our feelings about Plasticon stock more at this time, we also must be mindful about our support due to our personal financial interests. Instead, we will continue to present all Plasticon news announcements and conduct interviews with key PLNI parties to keep all members and the investing public updated on the latest events. We will continue to comment where it seems appropriate to do so.

LEXINGTON, KY--(MARKET WIRE)-December 9, 2005 -- Plasticon International Inc. (Other OTC: PLNI.PK) is pleased to announce that the company has successfully completed the privately financed and definitive agreement for the acquisition of Pro Mold, Inc., pending SEC approval. Plasticon will be receiving plant equipment and current contracts valued at close to $5 Million.

Pro Mold, Inc. is currently profitable and generates revenues of approximately $5 million annually. Pro Mold, Inc. is one of the premiere injection molding companies of the Midwest. The Pro Mold facilities will be wholly owned by Plasticon, and will become the centerpiece for manufacturing operations. As a result, Plasticon will no longer rely on contract manufacturers, thus improving the company’s bottom line.

The Pro Mold facilities allow Plasticon to greatly advance production capabilities. With the addition of the new high-capacity molding machine that Plasticon recently purchased, the plant will now be able to produce up to $28 to $30 million in and sales annually.

"This acquisition symbolizes a move to the next level for Plasticon, we can now control the future of the company through our own proprietary manufacturing methodology. This is a great day for Plasticon and our investors." stated Jim Turek, President and CEO of Plasticon International, Inc.

About Plasticon International, Inc.

Plasticon International (www.plasticonintl.com) designs, produces, and distributes high-quality concrete accessories, transportation signage, plastic lumber, and office supplies which are all produced from recycled and recyclable plastics. Plasticon is a leader, an innovator of cutting-edge design, engineering, and production of industrial and commercial products. Plasticon is a green Company, environmentally friendly, using recycled plastics to produce its line of products.

For more information, please visit the Plasticon web site online at http://www.plasticonintl.com.,/ or Contact Investor Relations at: 1-866 THE APPL(E)--------------------

It will run when you least expect it. :)

Posts: 837 From: NC Registered: Mar 2005 IP: Logged



---------------------------------------------------------------------------------------------

StockHunter

Member
posted
December 11, 2005 13:14

The GB update is a big red flag IMO. They make their money by receiving shares and then selling them. When the stock goes down, they have to pump harder to protect their position and to sell more shares. The most disingenuous statement in the email is :

“ Amazing enough, Plasticon has given back nearly all its gains from this year at a time when it appears things are just getting started at the Company. “

Come on. They absolutely know the why and how this happened because they were an integral part of the fall. From Sept 1 to Dec 7 the number of shareholders increased by 31% while the stock lost 63%. The GB pump brought in new investors who bought from those distributing virgin shares into the market. While these shares could have come directly from the company, a conduit like GB is also a likely source.

More info and spin from the GB:

“We have received 18,500,000 shares of free trading common stock from a consultant of Plasticon International, Inc. (PLNI); Evergreen Marketing acquired an additional 10,849,829 shares of PLNI through private market purchase and finders fees. Evergreen Marketing partners acquired a total of 9,993,106 through private market purchases. We have also funded the company an additional $100,000 through a private purchase of shares. We invested another $50,000 US through a private purchase transaction. “

Its too bad we don’t get to see their books. The likely translation of this spin (IMO of course) is GB receives shares, sells them, keeps some for themselves and returns some (“private purchase”) to Plasticon in return for more free or heavily discounted shares which they sell into the market. This cycle will go on as long as needed and as long as it works. GB makes money, Plasticon raises money, and our stock gets diluted.

I would suggest everyone interested in following a GB recommendation look at their disclaimer and go through all the companies they have represented (helped raise funds through stock sales). Their clients cannot raise money on their own so they need to sell shares. Many if not most of these companies fail and even fewer shareholders make money by purchasing the shares they help distribute into the market. Notice in the disclaimer they state they can sell stock even while are recommending its purchase.

Originally I was hopeful the o/s and float disclosures would force the company to issue a PR with complete explanation. The fact they went to GB and Wall Street News for a pump, ignored mine and others written requests for clarification, and used the old phone chat with a friendly investor route to spread their message makes me skeptical.

IMO, this is what you will likely not see in Mondays PR (if there is one). There will be no share numbers, certainly not float numbers. The float is likely much higher than the 690M stated (see earlier posts) so they will only make vague references to previous numbers, dates and sources.

They will not state the exact source of the sales, only ‘fill in the blank’ inference. They will not spell out how many more shares and from what source further dilution can come. They will not explain why BAC lied to investors after having been informed of the change in a/s, and why they lied about having that information. (I sent it to both BAC and Turek in October). If they blame BAC for the misinformation they need to explain why they weren't fired and continued to knowingly give out this false info.

We need to demand explicitly stated written answers to basic questions. Since they claim the audits numbers are done and they want to be fully reporting, they should start now by acting like a fully reporting company. HISC is waiting to go OTCBB and they still release sales and unaudited results and spell out their capitalization. There is no reason for silence or secrecy, only the ability to do so since they are pink.The best way to protect our investment is to demand explicit and timely answers.

The best way to lose money is to help them promote false information they feed out through second hand sources, phone conversations and inuendo.

Posts: 240 From: California Registered: May 2005 IP: Logged

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[PLNI]: False & Misleading Statements on the Pro Mold Acquisition

1. In a press release (Exhibit A) issued by Plasticon International, Inc. (PLNI) on December 9, 2005, PLNI stated in the headline:

"Plasticon Completes Pro Mold, Inc. Acquisition."


2. The text of the press release stated that "...the company has successfully completed the privately financed and definitive agreement for the acquistion of Pro-Mold, Inc., pending SEC approval...", implying that the acquisition of Pro-Mold, Inc. was not completed as of the date of the press release as stated in the headline.


3. The text of the press release further stated that "Plasticon will be receiving plant equipment and current contracts valued at close to $5 million", implying that the acquisition of Pro-Mold, Inc. was not completed as of the date of the press release as stated in the headline.


4. The text of the press release further stated that "The Pro Mold facilities will be wholly owned by Plasticon...", implying that the acquisition of Pro-Mold, Inc. was not completed as of the date of the press release as stated in the headline.


5. The paragraphs above imply that even though the headline to the PLNI press release stated that the acquisition of Pro Mold had been completed, the text in the press release completely contradicts the headline. According to PLNI, the Pro Mold acquisition is still dependant on SEC approval. Many of the other statements in the press release, such as the fact that the Pro Mold facilities were not wholly owned by Plasticon as of the date of the press release further contradict the headline of the press release issued by PLNI. It can be concluded that PLNI issued a false and misleading press release in an attempt to convince PLNI stockholders and potential investors that the assets and business of PLNI were significantly greater than the actual amounts as of the date of the press release. One needs to go no further than the completely contradicting statements in the text of the very same PLNI press release to prove that the headline of the press release was false and misleading.




Exhibit A


Plasticon Completes Pro Mold, Inc. Acquisition

LEXINGTON, KY, Dec 09, 2005 (MARKET WIRE via COMTEX) -- Plasticon International
Inc. (OTC: PLNI) is pleased to announce that the company has successfully
completed the privately financed and definitive agreement for the acquisition of
Pro Mold, Inc., pending SEC approval. Plasticon will be receiving plant
equipment and current contracts valued at close to $5 Million.

Pro Mold, Inc. is currently profitable and generates revenues of approximately
$5 million annually. Pro Mold, Inc. is one of the premiere injection molding
companies of the Midwest. The Pro Mold facilities will be wholly owned by
Plasticon, and will become the centerpiece for manufacturing operations. As a
result, Plasticon will no longer rely on contract manufacturers, thus improving
the company's bottom line.

The Pro Mold facilities allow Plasticon to greatly advance production
capabilities. With the addition of the new high-capacity molding machine that
Plasticon recently purchased, the plant will now be able to produce up to $28 to
$30 million in sales annually.

"This acquisition symbolizes a move to the next level for Plasticon, we can now
control the future of the company through our own proprietary manufacturing
methodology. This is a great day for Plasticon and our investors," stated Jim
Turek, President and CEO of Plasticon International, Inc.
About Plasticon International, Inc.

Plasticon International (http://www.plasticonintl.com/) designs, produces, and
distributes high-quality concrete accessories, transportation signage, plastic
lumber, and office supplies which are all produced from recycled and recyclable
plastics. Plasticon is a leader, an innovator of cutting-edge design,
engineering, and production of industrial and commercial products. Plasticon is
a green Company, environmentally friendly, using recycled plastics to produce
its line of products.

For more information, please visit the Plasticon web site online at
http://www.plasticonintl.com/, or Contact Investor Relations at: 1-866 THE APPL(E)
Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934, and 1995
for all public news releases. Statements, which are not historical facts, are
forward-looking statements. The Company, through its management, makes
forward-looking public statements concerning its expected future operations,
performance and other developments. Such forward-looking statements are
necessarily estimates reflecting the Company's best judgment based upon current
information and involve a number of risks and uncertainties, and there can be no
assurance that other factors will not affect the accuracy of such
forward-looking statements. It is impossible to identify all such factors.
Factors which could cause actual results to differ materially from those
estimated by the Company include, but are not limited to, government regulation,
management and maintaining growth, the effect of adverse publicity; litigation,
compensation, and other factors which may be identified from time to time in the
Company's public announcements.

Contact:
Plasticon
http://www.plasticonintl.com/
Investor Relations:
1-866 THE APPL(E)
SOURCE: Plasticon International Inc.
CONTACT: http://www.plasticonintl.com/

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