PACC Message Board - Msg: 1741602

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Non-Tech : PACC

PACC 0.00

Nov 17 4:00 PM EST

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To: Jason Albert who wrote (269)	7/11/1997 1:07:00 AM
From: Christopher M. Miller	of 510

Jason, Another consideration for PACC is its strong management. PACC management has a strong track record and is breaking new ground. Their request to the SEC for a modified rights offering is a first for the industry. If apporved (and all signs indicate it will be) they will be able to raise considerable cash for the company without the normal dilution effect to common shareholders. Their mortgage background is most likely the genisis for this idea. Heavy insider ownership shows committment by management. Not only are the fundamental numbers strong but the "fundamentals" of financial management are strong as well. For all who thank Dave for his great work a nice way to repay him is to call the company as he mentioned earlier....never underestimate the power of the shareholder after all we own it! To Dave, thanks for all the help you have provided me..Chris Miller (finally made it to SI)

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