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Microcap & Penny Stocks : PNWC - Pacific Norwest Capital
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To: snorkel who wrote (26)11/26/1997 9:45:00 PM
From: Rob Ady  Read Replies (2) of 295
 
Snorkel:

Without going into detail, I spoke with IR at Winchester today. I asked several basic questions to which the answer was "I am not sure/I do not know" or "they have not told us that". These questions would NOT have been "inside information" type questions but rather simple demographics about the company and general industry type questions that anyone supposedly representing a company should have known. The lack of knowledge was a complete joke and an embarassment. I will not print his name for his sake. I do not know if I spoke to who I should have or not but they knew less than I did about some things. IT was not reassuring to think that they represent promotion of the stock. No wonder it is hovering around a dollar! They certainly would not have made me a buyer based on that conversation. I was told one encouraging thing by this guy however and that is that a financing of
$100 000 000 is in the bank! News to me! Maybe he was not supposed to tell me that--who knows. That has not been announced that I know of but that is what he told me. That alone makes the stock worth $3.33 cash value (correct my math if I am wrong) without the limestone deposit!! I just hope the company continues with the current trend of news flow (irrespective of the damage done by IR) and announces a sales contract sometime soon because that is the only thing I will believe.

Rob
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