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Microcap & Penny Stocks : Pacel (PLRP): If NASA likes them, shouldn't we?
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To: lost a mint who wrote (2218)1/5/1999 8:03:00 AM
From: ColleenB  Read Replies (2) of 3171
 
lost a mint,

thank you for stopping by and chatting with Dave Calkins. As already stated, we now have three independent confirmations by posters here on this thread who have visited the office and chatted with the CEO, and on a holiday, no less.

you said....
He said he was in negotiations with a distributor and they would be available in stores like Staples and Office max sometime late this year(not exactly sure on this, I didn't take notes).

this sounds GREAT!!!... but I thought he was going for large agencies to market his product to.... ie, electric companies, hospitals and such.

I'm glad this information is out...
There were two things he was very clear about: First, Pacel will not be a reporting company until the end of march

I had a feeling that this was how it was going to turn out... mainly because there was no mention of the auditors already working from any people who have contact with the company. I've looked into this and an audit will take on the average of 3-6 months... so Calkins is being reasonable in his projection of the release of this information. Question, will these be audited financials for the entire 1998 operating year?

Second, Pacel will not show a profit for 1999. At first I was concerned about this but after talking with him I realized it was not a problem. ....... Pacel will not show a profit for 1999 because he is using the revenue for the expansion of the business.

this is very reasonable, easy to swallow and nice to know.

Thanks again.... maybe in 6-8 months time, you could change your name to "bagged a mint"

colleen
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