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Gold/Mining/Energy : PLAYFAIR MINING - PLY . V
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To: loantech who wrote (296)8/16/2001 7:22:32 PM
From: Brumell   of 505
 
Loantech: PP's can be written at a percentage of the closing price for the 10 previous days. I've forgotten the exact percentage (it varies with the price of stock) but I think for a 20 cent stock it's about 75 percent. In other words, PLY might have to do a PP for as little as 15 cents if 10 day previous closing prices have been 20 cents.... which they have.

It depends upon what they can negotiate. Under the circumstances, it may be akin to dealing with a loanshark...LOL.
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