PKGP (Packaging Plus) Message Board

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Microcap & Penny Stocks : PKGP (Packaging Plus)

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To: Richard L. Williams who wrote (67)	3/5/1998 10:29:00 PM
From: purecntry5	Read Replies (1) of 4783

You said it yourself Rich, the stock is 9 cents(actually 11 cents) so what do you expect?? MSFT numbers?? INTC numbers??? We arent talking abut an issue that is grossly overvalued here. You also said it yourself, how much lower could it go??and the answer is very little. The company has been having trouble, I admit that, but they are now turning it around. If management was sitting on their asses like I see some penny stocks, I wouldnt be anywhere near PKGP! ANd if we were at $1.00 right now with events the way they are I would fully agree with you that I would run screaming away. But its at a .11 and deserves more. Isnt this about picking stocks that are undervalued and letting them rise on their own merit? I guess you dont agree with that. Then you are not a speculator-to each his own. RISK is proportional to REWARD. And the upside for PKGP FAR outweighs the downside. With the current situation I would fairly value PKGP at .25-.30. With an agreement to take care of the convertibles I would put it nearer .50 and with Vallerie ~$1.00/share. I will sticking around for all the above and more. €á

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