PCES - paid $4.75 Million by 3M Corp!!! Message Board

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Microcap & Penny Stocks : PCES - paid $4.75 Million by 3M Corp!!!

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To: LANCE B who wrote (191)	6/30/1999 5:41:00 PM
From: Brad	Read Replies (1) of 523

Lance, You said... "ref another issue-float.if there were any deal the preferred shareholders would be converted to common shares in the merger and per his word would increase the float consideribly....." I agree. That is EXACTLY what I said in my post #163... - The share situation is also VERY interesting. There are 5.3 million shares outstanding and there are Preferred Shares that could be converted to about 6.5 million common shares, so the Fully Diluted Total Shares Outstanding would be about 11.8 million. According to the SEC 10K filing of Mar 31, 1999, John Pappajohn (a Preferred Shareholder) also holds about 34.5% of the common stock. Message 10330865 I don't understand what point you are trying to make.

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