TGL WHAAAAAAAT! Alerts, thoughts, discussion. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: SSP who wrote (1893)	6/29/1999 2:17:00 PM
From: Mr Metals	Read Replies (1) of 150070

YOU ALL BETTER TAKE A LOOK AT THIS... Subject 26349 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. THIS PAPPA GUY SOUNDS LARGE, VERY LARGE:-))))) John Pappajohn appears to be the main player in PCES. According to the SEC filings, Mr Pappajohn is a Preferred Shareholder AND he owns 34.5% of the Common Shares. Here are links that provide more information on him... pappajohn.com pappajohn.com pappajohn.com - Outstanding shares: 5.3 million (about 11.8 million fully diluted) - Float about 1.8 million. - The REAL story seems to be the people behind the scenes at PCES. MM

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next