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Pastimes : DD's DD

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To: Due Diligence who wrote (996)2/21/2000 5:27:00 PM
From: campe  Read Replies (1) of 2080
 
As far as another possible "pinky alert".... PCIE (E or Q) don't really know these days. However, I've got an updated email from Tony Broughton, the CFO. Also, PR last week indicating they found a "white knight" to buy off their largest creditor (and land lord). These guys are not quitters and are fighting for their company. I like that!

Bottom line is they currently have around 30 million shares outstanding, of which around 11 million are currently unrestricted and free trading. At this time management holds around 8 million, all restricted and which will remain so until the Company is in compliance with its SEC filings. They hope that we will resume their audit work soon as cash flow improves, and in any event have until April 2000 to be fully in compliance.

At a nickel per share, this one should be kept on radar screens over next 4-6 weeks.
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