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Microcap & Penny Stocks : Escala Group, Inc

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To: Bill on the Hill who wrote (5)11/1/1998 2:27:00 PM
From: Bill on the Hill   of 31
 
PNLK Tie-in???

Taken from GMAI thread on Yahoo.

PNLK Tie In : PICK Tie In HTFDPHIL
Aug 31 1998 10:12AM EDT
GMAI owned 4 million shares of PICK at cost of .01 and they were able to sell shares of it over time to augment their income big time - probably close to $ 4 million. GMAI owns 200,000 shares of PNLK (freebie deal) but they can't sell PNLK for a couple more months - with only 4 million GMAI outstanding if PNLK goes up then it's boat loads more dollars for GMAI share holders. This info is taken from qtrly reports and year end report.


Very interesting to me. I have been in PNLK since April. How did Greg Manning get a freebie deal for 200k of PNLK shares? They must be part of the restricted shares PNLK tied up for a year.

Bill
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