PICK Communications Corp. Press release Message Board

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Microcap & Penny Stocks : PICK Communications Corp. Press release

PICK 56.19

-1.5%

Jan 16 4:00 PM EST

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To: Joseph Biamonte who wrote (609)	5/7/1999 11:28:00 PM
From: Z man	of 746

Right Joe you cannot ignore the facts...they are insolvent. I won't argue about their tech. That's why I bought "in" in the first place. All they need is 3 creditors who have not been paid to petition chapter 11 and it's all over. Read my previous post. To stay alive they have to give away equity which decreases shareholder value. Why do you think the bond holders are happy with the deal...they now own a good piece of the company..something they didn't have before...Now more cash is needed. New money coming in to save the day will be really expensive. They should have taken the deal which was on the table to get Commenwealth out. But that's gone now....Good Luck Zman

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