PFCK Gets $50 million cash infusion Message Board

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Microcap & Penny Stocks : PFCK Gets $50 million cash infusion

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To: Ryan Yu who wrote (210)	4/15/1998 12:03:00 AM
From: Randall E Westberg	of 716

According to Ryan Yu, <<I just talked to Bruce Merati, the CFO of Peacock and conversated upon the S-8 form registered with the SEC. He noted it to be some kind of mistyping and reassured me that the company is in the Financial/Real Estate classification>> Here's a couple of questions : In the SEC filing : (1) Mr.Merati is referred to as a consultant? I was led to believe he is the CFO. (2) Has Mr. Merati sold his 400,000 unrestricted shares granted to him at $.05 per share in accordance to the 3-24-98 SEC filing? sec.gov (a) GENERAL PLAN INFORMATION (1) The title of the "plan" is: "Bruce Merati./Compensation Contract", and the registrant whose securities are to be offered pursuant to the plan is Peacock Financial Corporation. (2) Bruce Merati is a consultant to the registrant, and in such consulting capacity has entered into a written compensation contract for services rendered to registrant. Such written compensation contract is defined as an "Employee Benefit Plan" pursuant to Rule 405 of "REGULATION C-REGISTRATION" under the Securities Act of 1933. (3) The plan is not subject to the provisions of the Employee Retirement Income Security Act of 1974 ("ERISA"). (b) SECURITIES TO BE OFFERED (1) 400,000 shares of registrant's common stock (2) The Capital Stock to be issued are the common shares of the registrant that are fully paid and non assessable, with the same rights and privileges as all other common stock shareholders of the registrant. There are no restrictions on alienability of the securities to be registered, nor is there any provision discriminating against any existing or prospective holder of such securities as a result of such security holder owning a substantial amount of securities. (d) PURCHASE OF SECURITIES PURSUANT TO THE PLAN AND PAYMENT FOR SECURITIES OFFERED. (6) The plan is not subject to ERISA. The shares of registrant's common stock to be issued to Bruce Merati is compensation for services rendered to registrant. The securities issued pursuant to this Registration shall be issued by registrant without the payment of any fees, commissions or other charges of any kind. (e) RESALE RESTRICTIONS There are no restrictions on the resale of the securities purchased under this plan that may be imposed upon the purchaser.

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