Here is an update on the current market float of PLRP. This information was retrieved from two sources. The Olde Monmouth Stock Transfer Co., and info received from Pacel itself.
Number of shares issued: 28,885,991
Shares held by Dave & Kay Calkins (restricted): 12,500,000
Shares held under Court injunction, pending resolution of a Lawsuit against Solutions, Inc. and Floyd Kephart: 3,500,000
Shares held by Keith Hicks, Jr., a member of the Board of Directors, which are under volume restrictions, yet still classified as free-floating: 1,040,000
This leaves the actual free-float total of: 11,845,991
Colleen, according to the Financial Statements from 1996 & 1997, "Pacel Corp was formed on May 3, 1994 under the laws of the State of Virginia." This should answer your previous question.
I hope this info is helpful. I do wish someone can logically explain the reasons why the MM's seem to be holding down this stock. I can't seem to make sense of it all. Thanks. |
