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Microcap & Penny Stocks : PCES - paid $4.75 Million by 3M Corp!!! -- Ignore unavailable to you. Want to Upgrade?

To: Mandinga who wrote (280)	8/12/1999 1:38:00 PM
From: SSP	Respond to of 523

"This one looks REALLY good, but remember: if it sounds too good to be true... But hey, maybe this one will make me rich, who knows?" Yes it looks really good - that's why I bought a lot of shares, but it doesn't 'sound' really good - the company isn't talking - it's just us reading between the lines! If we get richer from this company - we deserve to because we took the risk and did some DD work! Regards, SSP

To: Mandinga who wrote (280)	8/12/1999 2:41:00 PM
From: Brad	Read Replies (1) \| Respond to of 523

Mandinga, You asked about shares outstanding, warrants and options. The SEC filings show about 5.3 million shares outstanding (fully diluted including preferred shares, warrants, etc... about 12.7 million... see SEC statement below). Yahoo shows 1.8 million in the float. The recent 13-D filing by Mr Pappajohn regarding his purchase includes the following statement. Perhaps this will best answer your question. "(a) As of the date of this Statement, Mr. Pappajohn beneficially owned an aggregate of 3,475,218 shares of Common Stock,(assuming the conversion of 1,250,000 shares of Series A Preferred Stock into 2,500,000 shares of Common Stock) and Warrants to purchase another 1,642,487 shares of Common Stock. Such shares of Common Stock and the Warrants represent 40.25% of the outstanding Common Stock of the Company based upon 12,714,271 shares of Common Stock actually outstanding as of July 20, 1999, assuming conversion of all of the Series A Preferred Stock and Pappajohn's Warrants into Common Stock." sec.gov Your Questions 1 and 2 should be answered by the info above. Regarding Question 3... Yes, you are correct. Regarding Question 4... I agree. Regarding Question 5... Yes, and others at Equity Dynamics as well. Now, however, they are very firm about not saying anything. I doubt that any of us will know anything until something is announced publicly.