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

To: Investor Clouseau who wrote (1054)	11/23/1999 1:31:00 AM
From: J.S.	Respond to of 1296

IC, In the long run either ETYS is way overvalued or PLCO way undervalued or both (probably both). In the short run who knows. Minor detail (per the SEC filing): share count could go to about 75 million if the P's and W's catch up to the C's (which is expected here). The debentures convert to series E preferred but do those become eligible for conversion at the same time as the ones on the open market....if not the debenture holders could do some serious shorting (against the box) if they have not done so already. The pressure would be on the P's and not the C's. I think this is why there has been such a discrepancy between the two. Here is the best scenario: PLCO buys back the debentures with the new money raised in the recent IPO. If the debentures are what has been holding this stock back then this thing flies. Anyone float that question during conversations with PLCO? Joe

To: Investor Clouseau who wrote (1054)	11/23/1999 10:47:00 AM
From: Investor Clouseau	Read Replies (1) \| Respond to of 1296

PLCO being severely undervalued. This from today's news release; >>>Toys sold 2 million shares, or a 16.7% interest in Toys, in the IPO for gross proceeds of approximately $27 million. The offering was priced at 13 Euro per share, which was the top end of the price range. The 13 Euro share price is approximately equal to $13.52 per share. The 13 Euro share price represents a post-IPO valuation of Toys of approximately $162 million. Play Co. Toys retains majority ownership of Toys with a 58.4% equity interest in the subsidiary and, as a result, will continue to consolidate Toys' operations in its financial statements.<<< Toys (PLCO) still unnoticed and valued at approximately $6 million currently. Sheesh, only a 30 bagger! No wonder nobody wants it! :) IC (very glad there is no logic in the market sommetimes!)