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Microcap & Penny Stocks : Rande Is. . .FISHING. . [under $1.50]
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To: Baton who wrote (2074)5/10/1999 10:12:00 PM
From: makin_dough99  Read Replies (1) of 4766
 
Remember to add into your equation the following:

When the PLCOP converts, the common will get hit hard and may not sustain a price like $5 as you suggest. IMO the Pfd. is a better buy but may be a longer term hold than the common and may not increase as fast as the common.

Also - As far as I know (read the filings) the PLCOP was paid, in part, to retire a note owed by PLCO. The noteholders who received PLCOP have been selling to get their investment back. That is why I believe the Pfd. is so low. There should be no other reason for the Pfd. to be selling at this price.
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