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Microcap & Penny Stocks : PKGP (Packaging Plus)

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To: Qone0 who wrote (4124)6/25/1998 12:19:00 AM
From: John S. Baker  Read Replies (1) of 4783
 
35.7 million shares outstanding (total) x $0.061 per share = market cap of $2,177,700.


Yet this company just borrowed about $4 million *more* without adding any assets.


Something is fishy here.


Might it be that there are LOTS more shares out there than has been reported?
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