Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : PCNA: Take 2! -- Ignore unavailable to you. Want to Upgrade?

To: Pask who wrote (98)	12/19/1999 1:32:00 PM
From: Glenn Petersen	Respond to of 101

Don't get too excited. PCNA is merely registering shares for its public relations firm. From the S-3: SELLING STOCKHOLDER The 225,000 shares of common stock are being offered for sale by InterWest Associates. Ajay Anand, a partner of InterWest, is a beneficial owner and has the power to sell the shares. InterWest Associates is currently providing financial public relations services for us under an agreement entered into on July 8, 1999. We are paying InterWest Associates a fee over the 12 month period of the agreement at a rate of $6,000 for the first month, $5,000 for each of the next two months and $3,000 per month for the remaining nine months. We have had no other relationship with InterWest Associates in the past. InterWest Associates has advised us that it does not own any of our securities except for warrants we issued to it permitting it to purchase from us 225,000 shares of our common stock. It intends to offer for sale all 225,000 shares of common stock.