Pacel (PLRP): If NASA likes them, shouldn't we? Message Board

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Microcap & Penny Stocks : Pacel (PLRP): If NASA likes them, shouldn't we?

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To: Chris O'Keefe who wrote (1948)	12/2/1998 3:26:00 PM
From: lakers17	Read Replies (3) of 3171

I've been lurking here and have some questions......... I talked to the company and was told the outstanding shares are now 23 million and the authorized are 40 million. The float is around 3 million which was not definite. My main concern is the convertible debt. I was told that it could be exercised in small pieces but it doesn't seem that restricted. At these stock prices it could quickly raise the shares outstanding to their authorized levels. I was told by the company that it could sink the company if exercised. Any feedback here on this convertible from a knowing investor. I'd appreciate the help. Lakers

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