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Microcap & Penny Stocks : PKGP (Packaging Plus)
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To: Jester who wrote (4280)6/27/1998 8:39:00 AM
From: peacelover  Read Replies (3) of 4783
 
Jester

I am also puzzled be the departure of ICC at this juncture. If ICC believed of a short squeeze assuming there are no more than close to 40 mil. shares, but now found out that they have been duped because the management of pkgp has been issuing more shares without informing ICC and us, investors, ICC may have thought it is better to leave now than stay with the management and be sued together of misinformation. Remember, a lot of the investors have gone to the sec and complained about the heavy shorting of this stock by the mm's. Now then, if we were to learn that all these naked shorts were not really naked shorts but more shares being surrepituosly dumped by pkgp management, that will be a sad day for us. I hope Mr. Altomare has more sense than this and that is not the reason why ICC no longer represents pkgp. Also, why would the new investors give pkgp money on the assumption that only 4 mil. shares will be added as floats if we were to believe that pkgp has been dumping more shares on the market above the 40+ mil. which we all have heard of? I wish ICC's departure will be explained better. For this stock to move, all doubts have to be cleared. I hope pkgp's leaders realize this and do it sooner than later. Peace and good luck.

peacelover
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