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Microcap & Penny Stocks : PKGP (Packaging Plus)
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To: Steve Casey who wrote (1327)5/13/1998 4:42:00 PM
From: dexx  Read Replies (1) of 4783
 
I read Snake Charmer's post a while back showing the volume and price for the last month.

The following scenario could be happening, IMO.

Given the very high volume with no significant price movement, it has all the earmarks of a Reg. S (or similar) situation where the conversions are being bought up as they enter the market. This creates large volume, but applies no upward pressure on the stock's price.

Can someone tell me if this is a reporting company? Thank you,

Dexx
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