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Microcap & Penny Stocks : Payless Cashways- In Chapter 11 (PYLSQ-OTCBB)

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To: Wade Spencer Graves who wrote (16)11/3/1997 6:33:00 PM
From: Jim Spitz  Read Replies (1) of 41
 
I have been watching this with keen interest and stumbled onto this:

kcstar.com

place "payless cashways" (without the quotes) in the top search box and press the search. Then read both articles. I'd give the full address of the articles, but it runs off my screen (way too long to accurately type here).

Anyway the gist is that the stock is valued on paper to trade about $9+ post-reverse-split. So, according to the article, it should be trading about $0.09/shr now. It does say that it may trade above or below this amount, of course.

Personally, I think it is currently way over-priced right now and am staying out. I am going to keep my eyes on it, though.

Stay in the Black! jimS
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