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Microcap & Penny Stocks : PCTR-Perceptronics

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To: Eric Fader who wrote (700)8/28/2001 12:52:37 PM
From: SgtPepper  Read Replies (1) of 710
 
From my earlier post:

>> 1. Adbdullah entered into an agreement to acquire the right to 60% of the company at a cost of 3.2 mil, while the company's entire valuation is currently only 2.3 mil. <<

They could have bought the whole company for less than they paid for their new shares. For some reason, they preferred to keep this company public.

My guess is that they plan to make money on the shares they are buying at 0.22 by selling to the public at higher prices. The float is still very small, so could be a big move when and if it starts.

Company has some new, high-powered prospects for clients in the real estate and energy industries. I think this is as good as I would have expected for PCTR. The current market environment is not kind to internet stocks.
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