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Microcap & Penny Stocks : PKGP (Packaging Plus)

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To: Richard Mazzarella who wrote (1206)5/12/1998 11:05:00 PM
From: Mr Metals  Read Replies (3) of 4783
 
there are still floorless debentures being converted

That has to be the answer. If PKGP keeps trading 10MM shares a day that would be 200MM shares a month or 2.4 Billion shares for the year. There's no way this volume can continue like this. I still don't know how many damn shares this company has outstanding, do U? When these guys are finished converting IMHO the stock could soar. I've seen to many convertible debenture disasters (CMYN NASDAQ, $21.00 down to 1/32nd) OUCH:-( I hope PKGP doesn't end up like that:-)

Mr Metals
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