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Microcap & Penny Stocks : PFCK Gets $50 million cash infusion
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To: LPasko who wrote (61)3/20/1998 1:37:00 AM
From: Randall E Westberg  Read Replies (2) of 716
 
A friend of mine heard of Peacock just the other day. He bought a few shares today at $1.02. Why he bought, beats me? He heard that this stock, according to a tip will be at $10.00 sometime soon.

He asked me to check it out for him today because his brokerage firm couldn't give him much information.

I started with the stock quote and then went to a chart of performance. I pulled up quotes dating back to 7-22-96.
I see that for the past 2 years the stock has been in a range of between 1/8 and 1/4

Next I went to SI to check through any postings. I found a good deal of activity regarding the stock over the past week or so, but really no information of substance.

Next I went to EDGAR and read recent filings such as the 10K.
Peacock was incorporated 2-16-84 under the name Oravest International, Inc. and later changed its name to Camdon Holdings, Inc. and then American Temperature Control, Inc. then to Connectivity and technology, Inc.and then to Peacock Financial Corporation on
2-27-96.

But there is also the subsidiary of PCF, formed on 5-22-86.

Now on 2-27-96 Peacock Financial services completed an agreement and plan of reorganization and Peacock issued 7,767,702 shares common and 672,300 preferred stock in exchange for all common stock in PFC. Following this the name PFC was changed back to Peacock Financial Services.

I thought I read somewhere that there was a reverse split in the stock something like 1 share for every 100?

Anyone care to explain?

Thanks
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