Hi, Douglas. You are correct about this having been issued before. Note the date of the release.
Peacock Financial Announces Stock Buy-Back Program
SAN JACINTO, Calif.--(BUSINESS WIRE)--Sept. 1, 1998--Peacock Financial
Corp. (Nasdaq/OTC BB:PFCK) Tuesday announced that it will, from time to time,
repurchase its common shares in the open market over the next several months, as cash
reserves permit.
According to Peacock Financial President Steven R. Peacock: ''Management believes
the public is not valuing our shares fairly, and feels that our stock is severely undervalued
in light of recent announcements of imminent financing for the company. We are aware
that the overall market volatility has subjected our stock to recent selling pressure, which
has created an excellent buying opportunity.''
Peacock Financial is a publicly traded investment-holding company with a rich history in
real estate development through its wholly owned subsidiary, Peacock Development
Corp. The public company recently announced its intention to acquire Linzy Capital, a
boutique investment-banking firm with headquarters in Las Vegas.
Safe-harbor statement under the Private Litigation Reform Act of 1995: The statements
contained herein that are not historical are forward-looking statements that are subject
to risks and uncertainties that could cause actual results to differ materially from those
expressed in the forward-looking statements, including, but not limited to, certain delays
beyond the company's control with respect to market acceptance of new technologies
or products, delays in testing and evaluation of products, and other risks detailed from
time to time in the company's filings with the Securities and Exchange Commission.
I am not concerned about the reissuance of this information. As a matter of fact, I see this as favorable reaffirmation of their current position.
Still long,
The Dad (4 of many) |
