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Microcap & Penny Stocks : PKGP (Packaging Plus)
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To: sedahS who wrote (4307)6/27/1998 12:14:00 PM
From: Jester  Read Replies (1) of 4783
 
It is common for investors in a stock to be suspicious of news. That is normal. Being suspicious is good. As a result, people have a tendency to doubt bad news regardless of the source. I used to call ICC fairly regularly after they had signed the contract with PKGP to ask when they would be adding the company to the intro page of their website. They already had it under the 'request info' page. It took them 3 weeks to get it on the website, but they did it. It took them 1 day to have it removed.

If the float is 100 million and the estimate of the short was 30 - 60 million, then the naked short doesn't exist. No short squeeze. Also I would expect a major dilution due to a count that high. Also, a reverse split would seem inevitable. Every share out there issued by PKGP must be honored regardless of how many there are.

This, in addition to their main source of business, APAC, which is almost non-existent as a formed business could spell big trouble in the near future. It's time for the company to provide some answers. I will probably quit posting here after this unless people want me to respond to specific questions, because I have no further interest.

Investors should continue to be skeptical of my posts and everyone else's until the company starts answering some questions. Good luck to all.

djb
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