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Microcap & Penny Stocks : PLCO Internet collectables, childrens toys...etc -- Ignore unavailable to you. Want to Upgrade?

To: Israel who wrote (742)	8/29/1999 4:18:00 PM
From: chalu2	Read Replies (1) \| Respond to of 1296

My experience with these convertible preferreds is that they continue to trade after the conversion period kicks in. Many never convert, even if it would be useful to do so, out of ignorance. Or, people decide they are happy with a PLCOP price that is 6x the PLCO price, and see no reason to convert. I think PLCOP will be around well after December 1999 for these very reasons. If anyone has a scenario providing them with an easy 100x return here, they must assume they are mistaken under the Inexorable Laws of the Universe (Law No. 1 states: "No small investor shall ever get obscenely wealthy, unless hit by a car driven by Bill Gates).

To: Israel who wrote (742)	8/29/1999 4:29:00 PM
From: Pied Piper	Respond to of 1296

"Section 6. Exercise of Warrants. Subject to the provisions of this Agreement, each registered holder of a Warrant shall have the right to purchase one (1) share of Preferred Stock at a price of $5.00 for a period of four years, until , 2002, commencing one year from the date the Offering closes." Therefore, I was wrong. The date when one could start to exercise the right was in 1998 (not 1997). Therefore one can exercise this purchase right until, as it says, some time in 2002. The complete details are at: sec.gov Piper