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Microcap & Penny Stocks : PLCO Internet collectables, childrens toys...etc

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To: Rande Is who wrote (445)6/2/1999 9:11:00 PM
From: kbert  Read Replies (1) of 1296
 
Rande,
I have a problem with Breaking Waves claiming %25 of PLCO
If I read the last filled statement of ownership
from www.freeedgar.com,
I see:
They claim to have 1,400,000 shares of common stock
....
which is supposed to be approximately 25.4% of the outstanding shares????
HOW CAN THAT BE ???
I thought number of common outstanding shares was much
bigger IF WE TAKE PREFERRED INTO ACCOUNT
What do you think ?
Seems to me that PLCO is flying on its own and these guys
don't control its future as much as they would like to.
Which I think is good for PLCO.
:)
Archie
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