Rande Is. . .FISHING. . [under $1.50] Message Board

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Microcap & Penny Stocks : Rande Is. . .FISHING. . [under $1.50]

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To: DMcMannes who wrote (943)	3/5/1999 12:55:00 PM
From: Rande Is	Read Replies (1) of 4766

Welcome to the FISHING thread, Dale. Best to go back and read as many of my general posts as you can find. . .here and on the HOME thread. . .there are volumes of tips and lessons about the way the trading world really works. . or as best as we are able to figure out. Par value represents the initial value of the company with respect to each share issued. For instance, if you start a company with 1,000 dollars and you issue 1 million shares, then the shares would carry a par value of .001. Every stock is different. . .but most are .01 or less. Pick a half dozen companies, then check their SEC filings and look up the par value of the common stock. Now often the preferred has a greater par value than the common. If I am not mistaken the PLCO common par value is .001, whereas the pfd is .01 [10 times more at issuance]. That is why they are willing to convert the preferred into so many commons. Glad to have you here, Rande Is

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