[PLNI]: The disinformation campaign of Richard R. Matthews (rrm_bcnu) continues - Outstanding common shares vs. the Float
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Pay attention in the posted message from Investorshub.com below as the promoter Rick Matthews (rrm_bcnu) attempts to falsely use the trading volume of scam company PLNI's common shares and hence the "Float" to explain away why the Plasticon International, Inc. (PLNI) outstanding common shares could not have increased from about 4.9 billion to about 10 billion in the matter of about 11 months.
An increase in outstanding common shares does not imply that the float would also increase as the newly issued common shares can be restricted shares that cannot be traded and therefore not part of the Float of the company. rrm_bcnu somehow fails to mention that all that has to be done is for PLNI to issue its CEO Turek another 5.1 billion common shares in order to reach the 10 billion outstanding common share figure. This has nothing to do with the common share trading volume and float analysis posted by rrm_bcnu.
How probable is it that the company now has 10 billion common shares outstanding?
Lets take a look.
CEO James N. Turek, Sr. is also the Chairman, President, Secretary and lone Director of PLNI.
Of the 4.9 billlion common shares outstanding as of March 31, 2006, 4.3 billion shares were issued to CEO Turek, of which 3.1 billion of those shares were issued in the seven months from Sept. 2005 to March 31, 2006.
In addition PLNI has committed to issuing CEO Turek preferred shares that are convertible into 7.3 billion common shares.
So how probable is it?
You decide, but certainly don't decide based on the false and uniformed post of rrm_bcnu below:
http://www.investorshub.com/boards/read_msg.asp?message_id=16682029
Posted by: rrm_bcnu
In reply to: mary777 who wrote msg# 21728 Date:2/1/2007 1:56:37 AM
Post #of 21768
Lets examine the 10B OS you commented upon. This assertion has been made since the beginning of January or before by shorts and others.
On 16 June the company reported the OS at 4,977,740,339 and the Float at 2,804,576,805. Later on 01 October 2006, shortqueeze.com and yahoo.com reported a float of 4,130,000,000. The difference between the float of 16 June and 01 October is 1,325,423,195 shares. Extrapolating that difference, the OS on 01 October could have been 4,977,740,339 + 1,325,423,195 or 6,303,163,534 shares.
Bill Howe indicated in a CFRN interview on 08 August 06 an OS of 6,000,000,000 shares. So the 6,303,163,534 number doesn't seem too far out of whack for a guesstimation on 01 October 2006.
Since 01 October 2006 Plasticon has traded the following volume.
Oct-06 904,470,801
Nov-06 578,388,243
Dec-06 1,027,818,753
Totaling 2,510,677,797 shares.
As a daytrader you know it is very unlikely that all of that volume represents shares sold by Plasticon into the float. In reality some portion of that monthly total represents normal trading flips, tax loss selling of shares previously held, and short covering volume. But for the sake of discussion lets say that the volume does represent 2.5B shares sold into the float. That would yield a float of 8,813,841,331 shares. Over double the float reported on 01 October 2006.
On 01 October 2006 the closing price was .0007
On 01 January 2007 the closing price was .0005
Are you asking us to believe not only that every trade during the fourth quarter was from new dilutive shares sold into the float, but also that one can more that double the float in that dilutive manner to 8.8B shares and see the price decline by only .0002???
Doesn't make sense to me... but until the guessing game is resolved you can make any assertion you desire.
rrm
_____________________________________________
.
Pay attention in the posted message from Investorshub.com below as the promoter Rick Matthews (rrm_bcnu) attempts to falsely use the trading volume of scam company PLNI's common shares and hence the "Float" to explain away why the Plasticon International, Inc. (PLNI) outstanding common shares could not have increased from about 4.9 billion to about 10 billion in the matter of about 11 months.
An increase in outstanding common shares does not imply that the float would also increase as the newly issued common shares can be restricted shares that cannot be traded and therefore not part of the Float of the company. rrm_bcnu somehow fails to mention that all that has to be done is for PLNI to issue its CEO Turek another 5.1 billion common shares in order to reach the 10 billion outstanding common share figure. This has nothing to do with the common share trading volume and float analysis posted by rrm_bcnu.
How probable is it that the company now has 10 billion common shares outstanding?
Lets take a look.
CEO James N. Turek, Sr. is also the Chairman, President, Secretary and lone Director of PLNI.
Of the 4.9 billlion common shares outstanding as of March 31, 2006, 4.3 billion shares were issued to CEO Turek, of which 3.1 billion of those shares were issued in the seven months from Sept. 2005 to March 31, 2006.
In addition PLNI has committed to issuing CEO Turek preferred shares that are convertible into 7.3 billion common shares.
So how probable is it?
You decide, but certainly don't decide based on the false and uniformed post of rrm_bcnu below:
http://www.investorshub.com/boards/read_msg.asp?message_id=16682029
Posted by: rrm_bcnu
In reply to: mary777 who wrote msg# 21728 Date:2/1/2007 1:56:37 AM
Post #of 21768
Lets examine the 10B OS you commented upon. This assertion has been made since the beginning of January or before by shorts and others.
On 16 June the company reported the OS at 4,977,740,339 and the Float at 2,804,576,805. Later on 01 October 2006, shortqueeze.com and yahoo.com reported a float of 4,130,000,000. The difference between the float of 16 June and 01 October is 1,325,423,195 shares. Extrapolating that difference, the OS on 01 October could have been 4,977,740,339 + 1,325,423,195 or 6,303,163,534 shares.
Bill Howe indicated in a CFRN interview on 08 August 06 an OS of 6,000,000,000 shares. So the 6,303,163,534 number doesn't seem too far out of whack for a guesstimation on 01 October 2006.
Since 01 October 2006 Plasticon has traded the following volume.
Oct-06 904,470,801
Nov-06 578,388,243
Dec-06 1,027,818,753
Totaling 2,510,677,797 shares.
As a daytrader you know it is very unlikely that all of that volume represents shares sold by Plasticon into the float. In reality some portion of that monthly total represents normal trading flips, tax loss selling of shares previously held, and short covering volume. But for the sake of discussion lets say that the volume does represent 2.5B shares sold into the float. That would yield a float of 8,813,841,331 shares. Over double the float reported on 01 October 2006.
On 01 October 2006 the closing price was .0007
On 01 January 2007 the closing price was .0005
Are you asking us to believe not only that every trade during the fourth quarter was from new dilutive shares sold into the float, but also that one can more that double the float in that dilutive manner to 8.8B shares and see the price decline by only .0002???
Doesn't make sense to me... but until the guessing game is resolved you can make any assertion you desire.
rrm
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posted by the_worm06 | 2/01/2007 01:06:00 AM
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