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Microcap & Penny Stocks : Rande Is. . .FISHING. . [under $1.50] -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (2900)	11/26/1999 2:19:00 PM
From: Due Diligence	Respond to of 4766

Since PNEC is under $1.50, now...... Spoke to both PNEC Chairman,Wallace Giakas and CEO, John Arnone, last week. Have been familiar with this company for a while. It's near it's low and has traded as high as $7.25 in the past. One time it broke over $10. PNEC is fully reporting with revenues in the $40,000,000 range. The float is under 3 mil. and total outstanding about 12 mil. Per PNEC's last release, the new business to business Web site is scheduled to be launched the within the first two weeks of December. The Financials are to be filed November,30 and should be positive. They are in the process of looking for acquisitions. Watched the trading all last week to see if covering was occurring and/or buying at the bid. Many trades going off at the bid, but no retraction at $1.50 level for days till today. Maybe a friday thing? There is an PNEC thread on SI for DD purposes. With fully Reporting status, financials coming, Web launch, and near the floor, PNEC may be one to watch in the coming days and weeks.FWIW DD siliconinvestor.com siliconinvestor.com quote.yahoo.com