PKGP (Packaging Plus) Message Board

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Microcap & Penny Stocks : PKGP (Packaging Plus)

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To: Jim B who wrote (1754)	5/16/1998 9:17:00 PM
From: Chris O'Keefe	Read Replies (1) of 4783

1) There was a very short time frame not too long ago when ONLY 9million shares were currently outstanding and YET, 93million shares traded. How is that possible? Floorless debentures?? I don't think so... More likely a huge naked short position. A question on this naked short position: Are we safe in saying it's over now? I mean, if John-Doe-the-evil-shorter borrowed (illegally, of course) millions of PKGP shares at, say, .25/share, wouldn't this past week be an ideal time to cover due to all the speculation about a miracle PKGP turnaround? Talk about risk-to-reward ratio, if a shorter thinks, "Hey, PKGP might go to .01/share," I agree he would have a motive not to cover. But with the name change press release (which came out on May 12) and the big Yahoo rumor which we all knew about late Thursday (the 14th), what in heaven's name would a shorter be thinking to not have covered last Friday (the 15th)? Thoughts? --Chris

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