Pacel (PLRP): If NASA likes them, shouldn't we? Message Board

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Microcap & Penny Stocks : Pacel (PLRP): If NASA likes them, shouldn't we?

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To: Warlock who started this subject	8/9/2001 9:06:38 PM
From: CBurnett	of 3171

Insiders cornering float of PLRP ! read By: the_carpenter $$$$ Reply To: None Thursday, 9 Aug 2001 at 12:53 AM EDT Post # of 35841 In my estimation there is a now about 100 mil shares that have been sold short by MM's... Many of us who have been here long term remember that at the last shareholders meeting 99.9% of the O/S was voted. Considering there were (as I recall) over two thousand individual investors...it is a statistical impossibility to have 99.9% of the share holders take the time to vote. 50% would have been a reach. The question is how to combat that? 8 other long term investors and myself are working on removing many, many shares from the float. We are holding for three to five years. Yes, this does help the day/week traders - but they also help with large volumes and bringing the company to the attention of others. This worked once before, and I am only thinking out loud, but many other investors (in another company last year) added 10% to 20% to their positions on a Monday. This later became known as Assault Monday and broke the back of the MM's that were at the time holding the share price down. Just some thoughts. carpenter

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