Doing this "soon-to-be-member" a favor...
OK Here is my contribution... I just finished talking to ICC about PKGP. Here is a quick run down and my opinion.
Question> How many PKGP shares are outstanding right now.
Answer> We believe there are about 30-35 Million shares outstanding. The numbers will be finalized in the next quarterly report.
Question> When can I expect the quarterly report.
Answer> Within 5-10 business days.
Question> There has been a rumor going around about a large short position on this stock. Can you elaborate on this.
Answer> "We DEFINATELY feel there is a LARGE SHORT POSTITION ON THIS STOCK"
Question> How Large, i.e. How many shares?
Answer> We estimate 30-90 million shares shorted.
Question> When will PKGP be added to ICC's Main Web Page?
Answer> PKGP should be on the Main Web Page within 5-7 business days.
OK, as for my opinion. I thought the guy I talked to was superb. I am fully under the impression that PKGP will not go Bankrupt (i.e. this is what the shorters were counting on). I feel that ICC sees a bright future for PKGP. The rep said that if the stock has been massively shorted, it was done illegaly by the debenture holders through Canada I beleive.
I urge you people to call ICC and talk to them yourself. Don't take my word for it... Ask them the pointed questions... Don't be lazy... Lets just say I increased my position significantly.
Oh, and I asked the rep. "Wouldn't the shorts have covered by now, considering how cheap the price is." He started explaining it to me, and I don't remember word for word, but from what I understand the shorts stand to make alot more money if the stock goes to zero than if they covered right now at this low price. It had something to do with the discount that they get buying the stock. Also the tax right off I guess...
Anyways... I am extremely long now... Call ICC (I CANT BE ANY MORE CLEARER ON THIS) CALL THEM...!!!
Someone please post this on the SI board... I will be joining SI shortly.
Thank you...
ALSO another post
Here's a "pasted list" of the MMs who are hoping for July 1 to never come.
MARKET MAKERS list:
ACAP Financial Inc.
Tel#801-364-6650 Fax#801-364-6657
Alfred Securities
Tel#212-433-7808 Fax#212-385-0987
Comprehensive Capital Corp.
Tel#516-832-8600 Fax#516-832-8648
Fahnestock & Co., Inc.
Tel#212-422-7813 Fax#212-269-2975
Herzog, Heine, Geduld, Inc.
Tel#201-418-4000 Fax#201-418-5006
Hill Thompson Magid & Co.
Tel#800-631-3083 Fax#212-233-2206
Knight Secs. LP
Tel# 800-232-3684 Fax#201-557-6891
Lumiere Securities Inc.
Tel#303-792-0700 Fax#303-792-2420
Merit Capital Associates, Inc.
Tel#203-341-3500 Fax#203-341-3515
M.H. Meyerson & Co., Inc.
Tel#201-459-9500 Fax#201-459-9510
Naib Trading Corp.
Tel#800-952-6559 Fax#954-938-5290
Nash, Weiss & Co.,Inc
Tel#800-526-3041 Fax#201-432-4756
Paragon Capital Corp.
Tel#212-785-4700 Fax#212-742-0469
Sharp Capitla Inc.
Tel#800-355-5781 Fax#212-267-4217
Sherwood Securities Corp.
Tel#212-249-8000 Fax#201-946-4510
Troster Securities Corp.
Tel#800-222-0890 Fax#201-332-0176
Wall Street Equities Inc.
Tel#212-425-4768 Fax#212-742-2373
Whale Securities Co., LP.
Tel#212-484-2000 Fax#212-484-2026
Wien Securities Corp.
Tel#212-227-7733 Fax#201-216-0991
William V. Frankel & Co.
Tel#800-631-3091 Fax#201-434-4877
Wilson-Davis & Co.
Tel#800-448-4565 Fax#602-951-1824 |
