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Microcap & Penny Stocks : PKGP (Packaging Plus)

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To: Jim B who wrote (1746)	5/16/1998 10:16:00 AM
From: Richard Mazzarella	Read Replies (1) of 4783

Jim, it's nice to see that the people with concerns finally have your attention. IMO, the MMs just trading shares to produce the high volume isn't credible. Large naked shorting maybe, the spike Friday had the appearance of MM covering. However, I've seen this kind crap many times and my money is on floorless. Any analysis should consider that the company has somewhere upward of 100MM shares now (the delay in the 10Q may be that they are still trying to get an accurate count). A worst case analysis would protect our bottom side. Care to take a shot?

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