PNEC (Old PLNE) 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.

Non-Tech : PNEC (Old PLNE)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: BudLong who wrote (78)	12/20/1999 9:08:00 AM
From: Ga Bard	Read Replies (1) of 101

SuzieQ the way I see it is that since May 1998 and it is almost the year 2000 JNC only has converted 35 whole shares out of the 500. They are Not really wanting to tank the stock because in the 20 months the preferred has been out there the dilution is minimal. Now the wording can be twisted but if there was a ton of stock out there then why did it lock up Friday and then gap down on 500 shares they drop the ask and BOOM buying hit and they gapped the ask back to 1.59 ... Not to mention most of Fridays trading was institutional and retail brokers and only 5% about of non trackable. thomsoninvest.net Oh the dilution is stated in the filings too. the number of shares outstanding August 1998 was 11,827,308 and on August 1999 11,996,114 (+168,806) and on November 30, 1999 12,147,803 (+151,689)... Wooooo!!! Does that look like JNC is trying to tank the company ... Not to me it doesn't ... Looks like JNC is extrememly friendly to the company. However, shorters are using it as a reason to short and scare off folks ... Oh well ... Gary

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next