PKS-PeakSoft Multinet Corp. (was PeakSoft Corp.) Message Board

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Gold/Mining/Energy : PKS-PeakSoft Multinet Corp. (was PeakSoft Corp.)

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To: Big Bucks who wrote (1047)	1/12/1998 11:48:00 AM
From: Steve	Read Replies (1) of 1470

Big Bucks: This is not good news. In September Peak got $1,000,000 U.S. and diluted the stock by 5 million shares. Now they have pissed away all that money and missed the biggest part of the retail season (Christmas) So lets screw the small investor again and raise more cash and make it so that everyone and their brother, except the small investor, has warrants at cheap prices. Just when I thought there could be no more bad news...Foster comes thur again and shows he has no idea how to run a company. It is sad, very very sad. See article below, I think it was written directed at Peak. The following is from Danny Deadlock of Canada StockAlert. It is a daily investor newsletter. Here is what he had to say about Canadian penny stocks: "The majority of the junior stocks are still coming under heavy year end selling pressure. Any stocks in a loss position are just being hit lower and I see we are getting a flurry of junior companies resetting and issuing options at these low prices as quickly as possible. Don't you just love when the small investor takes a large percentage of the risk, gets stuck with the high priced paper, and then the company is allowed to reset options by the truckload at a fraction of the original strike price. Nothing like stock market "insurance" and it would be nice to see the VSE and ASE put some form of restrictions on this practice to help protect the small investor a bit better - no wonder everyone is afraid to trade these exchanges. The directors often have little to lose... they off their stock at higher prices and then just replace it all with cheaper options. All the while the little guy is at a disadvantage to begin with but now the company just trades as they will with inside knowledge and knowing they have the "insurance" to back them up."

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