PCES - paid $4.75 Million by 3M Corp!!! Message Board

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Microcap & Penny Stocks : PCES - paid $4.75 Million by 3M Corp!!!

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To: dexx who wrote (1)	3/5/1999 1:24:00 PM
From: DoubleOddBuck	Read Replies (2) of 523

LAST PARAGRAPH OF LATEST SEC FILING : The net proceeds from the sale will be retained by the Company pending a determination of whether to engage in a follow-on transaction. It is the intention of the Company to seek a business combination with another entity, before considering possible liquidation and distribution of its assets. The Company believes that with the cash on hand and net operating loss carryforwards, subject to the limitation of such carryforwards under the Internal Revenue Code, such a combination may be attractive to potential partners and would better serve the interest of the Company's shareholders. If no suitable business combination is identified within a reasonable period of time, the Company may elect to liquidate and distribute the remaining net proceeds to shareholders. If the Company liquidated at the present time, all of the net assets of the Company would be paid to holders of the Company's preferred stock. END COPY : Do they anything on the go or are the preferred shareholders going to get it all ??????

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