PCES - $2 Million cash in bank ($.37 per share cash value alone) trading at $.05 x $.06 right now!
Here's the info. I like it. I think it could move up nicely. It's selling for about 6 cents right now. See what you think.
-------------------------------------
PACE Health Management Systems, Inc. (OTCBB: PCES)
pacesystems.com
1025 Ashworth Rd.
West Des Moines, IA
(515) 222-1717
Outstanding Shares: 5.3 million
Float: 1.8 million
Current cash in bank: $2,000,000. This equates to $.37 per share value in cash alone.
Currently trading at $.05 x $.06
PCES ("the Company") has concluded an agreement with 3M to sell substantially all of its assets in exchange
for $4.75 million in cash and assumption of the Company's liabilities.
The latest 10QSB says, "The Company's post closing Balance Sheet reflects cash, including the escrow
balance, in excess of $2.0 million with minimal debt."
The Company believes that the combination of cash on hand (which is about $2 million) and net operating loss
carry forwards make it attractive to potential partners.
The Company believes that it serves the best interests of its shareholders to seek a business combination with
another entity.
I just talked with the CFO (Roger Hughesman) and he confirmed that the Company has talked with several
potential merger candidates and is continuing to talk with candidates.
PACE is a fully reporting company. Check their SEC filings. |
