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Microcap & Penny Stocks : PKGP (Packaging Plus)
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To: wlcnyc who wrote (2370)5/21/1998 9:04:00 AM
From: John S. Baker  Read Replies (1) of 4783
 
Bill ... I *think* you are correct, but in this case nobody knows the exact details because they have not yet been announced. Go back and read the press release(s) and notice that the company has merely announced its intentions; it has not stated how many warrants will be issued per share, nor what their conversion/strike price will be, nor the effective date, nor the distribution date, nor the eligibility date.


I anticipate that this will play out over the next week or so, but that's just my personal guess.
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