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

To: David Helms who wrote (961)	11/16/1999 11:09:00 AM
From: Dave Gore	Respond to of 1296

UPDATE ON PLCO/PLCOP/PLCOW: German IPO priced at top of range today; great interest, bodes well. Now, what do you buy? PLCOP up to $4.00, Warrants (PLCOW) are getting interesting. Once PLCOP gets over $5.00 the warrants will run dollar for dollar with the P's. I still like the PLCOP's, even at $6.00, assuming the PLCO price holds, since the P's get you 6 shares of common (PLCO) after conversion. This equates to $1.00 per share net cost. Since the PLCO's are priced at $1.43, that is a good deal. Of course right now you are only paying 67 cents for the PLCO's post conversion, since the PLCOP's are only at $4.00 CURRENT PRICE OF WARRANTS (PLCOW) = 94 cents PRICE OF WARRANTS if PCLOP goes to $10= $5-7 (with time value) CURRENT PRICE OF PLCOP = $4 MAKING your net cost OF PLCO's after conversion = 67 cents YET CURRENT PRICE OF PLCO's = $1.43 CONCLUSION: Keep buying PLCOP's for now and watch warrants closely What's encouraging is that the volume is still light and the stock is moving up slowly but surely. Also the IPO has been priced now at the top of it's range and is apparently many times oversubscribed. IPO trades Friday.