PLRN - OIL!!! Message Board

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Gold/Mining/Energy : PLRN - OIL!!!

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To: FARRIS who wrote (458)	12/19/1997 11:30:00 AM
From: FARRIS	Read Replies (2) of 476

I am extremely sad to report that the company has screwed us again. I got the new transfer agent's name from the NASD. Called them up moments ago. 6 million shares, half of which are warrants -- NO RESTRICTIONS ON EITHER -- were sent out yesterday via FEDEX. The MMs obviously know this now, so they killed the squeeze in about two shakes of a lamb's tail. The good news is these guys will not sell below .50 (my guess). So at least we have retained some of run-up. I will be averaging down once these shares hit the market. This company is sleazy to its shareholders, but they seem to have a good thing going. To those who sold first thing today -- I commend you on your luck. To those who felt bad about selling at .75 -- feel better. I still own all but 1500 of my shares which I just sold before the bid went to .50. I will hold at .50 and buy at .33 or less. I hate penny stocks. Hope no one got burned. Slotman? You did not get any shares did you? It was worth a shot. Hell, I bought 2000 at an average of .90 the other day. What a world.

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