PKGP (Packaging Plus) Message Board

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Microcap & Penny Stocks : PKGP (Packaging Plus)

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To: ilh1 who wrote (40)	3/5/1998 2:32:00 PM
From: purecntry5	Read Replies (3) of 4783

Good chance to buy a little dip this afternoon. Its seems to be making a base around .125 for its move up tomorrow. I really think .25 is possible tomorrow. I mean the float has gone from an expected 80 million to only 20 million! When the problem that caused the stock drop is fully cured, the stock price goes up to a level where the problem occurred. That is a MUCH higher level guys. It will take a few days for the realization to occur. Until then I will be adding on some of the dips. Not to mention the Valleries Trucking aquisition in a SOON. See the excerpt from the Feb 25 news release! PLAINVIEW, N.Y., Feb. 25 /PRNewswire/ -- Packaging Plus Services, Inc. (OTC Bulletin Board: PKGP - news) announced that it has obtained the consent as the leading candidate under its formal purchase agreement for the purchase of all of the assets of Vallerie's Transportation Services, Inc., from the U.S. Bankruptcy Court in Connecticut. PKGP's President and CEO, Mr. Richard A. Altomare was quoted as saying, ''Although others may bid against us at the final hearing to be held on March 5, PKGP as the leading candidate, has secured a priority position for this purchase. Our offer has the support of all creditors at this stage.'' €á

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