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Microcap & Penny Stocks : PKGP (Packaging Plus)

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To: Jim B who wrote (1352)	5/13/1998 7:41:00 PM
From: Richard Mazzarella	Read Replies (2) of 4783

Jim, thanks for posting. <<"On January 16, 1998, the Company, in a press release, announced the suspension of conversions with respect to its "offshore" convertible debentures, since the Company believes several debenture holders had breached the terms of the Subscription Agreements relating to the debentures. The Company expects this matter to be resolved on terms favorable to the Company. ">> Could the large recent volume be that "this matter to resolved on terms favorable" failed? Were you or anyone else told anything about the status recently?

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