SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : PKGP (Packaging Plus)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: BRANDYBGOOD who wrote (2954)6/3/1998 8:39:00 PM
From: TheBigSur  Read Replies (2) of 4783
 
BRANDYBGOOD:
The name change called for by management will cause a scenario whereby the transfer agent must take possession of all the PKGP stock certificates in order to issue the new stock certificates in the companies new name. What this does is force closure. Something that rarely happens in the arena of bb stocks. In other words all certificates must be accounted for. There is a widely held belief here that a large short position exists on this stock. So if you sell stock that you don't own yet, (ie. shorting) you'll have to become accountable for those shares by June 30th. The only way to do that is to buy those shares in the open market. The more people that hold their stock the harder it becomes to buy shares in the open market and the price of the stock goes in every direction trying to shack free enough shares to meet closure. This will be a ride well worth being in. IMO

MWS
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News