PFCK Gets $50 million cash infusion Message Board

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Microcap & Penny Stocks : PFCK Gets $50 million cash infusion

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To: DIY Investor who wrote (321)	6/24/1998 8:58:00 PM
From: Ryan Yu	Read Replies (2) of 716

According to the web site, Hawthorne Group Issued a 3-year loan of ten million to Peacock for real estate developments. This money will go to good use in development around the Eastside Reservoir, Texas, and Colorado. Why will this money go to good use? Because in exchange Hawthorne recieves 50% ownership in Peacock in "New Common Shares Issued" If Hawthorne only has only 1.5 million shares, thats what $330,000 at current market prices? If this is true, then Peacock has a hell of a deal with the loan. According to the web site Preferred Shares Authorized increased to 100 Million will hopefully attract more capital, from the likes of the Sultan of Brunei as rumor has it. Welcome to the PFCK thread DIY investor, and if you do invest all I can say is be very careful taking that step. Peacock's financials look good but something funny is going on, the price keeps tumbling, volume is at an all-time low, and we investors have no clue the cause of this cold air. Any comments on PFCK? Ryan

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