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: ColleenB who wrote (1967)	12/2/1998 8:21:00 PM
From: Provocateur	Read Replies (1) of 3171

Colleen, Yes it is disappointing. But life will go on. I'm not sure exactly what the convertibles were changed into. I was only estimating. Probably somewhere between 1 and 3 million shares when all is said and done. I can't say for sure as I don't have access to the documents. Continuing with my speculation, I don't know who the recipient/s might be, but I have a good feeling it wasn't Wall Street Financial nor the 2 PR firms. No, they would take their shares in a straight manner. This is likely someone who Wall Street Financial works with on a regular basis. Someone who converts shares for profit as a living, either as an institution or as an individual. The holder/s of the convertibles come up with the cash/credit line in return for the debenture instrument...and then proceed to drive the share price down so they can convert a larger number of shares. The number of shares isn't usually a set figure, but instead set within a dollar amount. Instead, the share price at which they can be converted is set with floors and ceilings. Considering that this is a Bulletin Board stock, I'm sure the terms were advantageous to the holder. Unfortunately, this is the reality for BBs and even many small to mid cap sized NASDAQ companies. It is a necessary evil. As far as this goes, to me it seems more like it was but a minor part of the acquisition or a business credit line, but still inter-connected. Quite often, such financings are broken down into different groups to supposedly help ease the burden here. So I think we got a mix of cash, shares and convertibles. Prov

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