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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium
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To: Kimberly Lee who wrote (27190)11/12/1999 3:49:00 PM
From: Dave Gore  Read Replies (4) of 108040
 
**IMMEDIATE ATTENTION: perhaps the Stock "Play" of the month for those of you interested in a pure speculation. May be worth DD-ing over the weekend.

PCLOP/PLCO/PLCOW - Play Co is a "brick and mortar" toy company that will keep 58% of the shares in a German IPO (Toys International,
their spinoff) scheduled to debut next Friday at about $14.00 US. The IPO will give them an international presence and mark their entre into eCommerce. The kicker is that this is IPO-ing on the German stock market, so there is lots of interest over there.

PLCO is trading just over $1.00 per share, but the really interesting play may be PLCOP preferred shares which can be converted to 6 shares
of common.

Very intriguing arbitrage play. The Germans are apparently very excited about the IPO and it is being called the "eBay debut of Europe" or some
such thing.

Should heat up next week. It is just getting discovered and "talked about" on SI and RB. Contacts have verified as many facts as possible with PLCO's legal counsel and it looks good, but this is an unusual "play" and a bit complex, so there's always a risk.

Check both RB and SI threads:

From RB:
By: stockfinder12
Reply To: 598 by stockdotcom
Wednesday, 10 Nov 1999 at 3:02 PM EST
Post # of 636

TRANSLATION: PLCOP $84.00/SHARE!!! (I think)

Here is the math;

(1) $100,000,000 ToysInternational.com IPO ($10M x $10; by early accounts it could be better than that.)

(2) Little PLCO $6 Million dollar company has an IPO worth $14.00/Share ($100 Million divided by 5.5 Million Shares)

(3) PLCO = $14.00/Share x 6 Share Conversion results in a share price for PLCOP of $84.00/Share.

PREDICTION: Its a dirty job making predictions but somebody has got to do it. I'm predicting PLCOP's High Price will be in the
range of $1-$84/Share. :)
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