To: Patricia Trinchero who wrote (31015 ) 2/10/2000 11:35:00 AM From: Scott H. Read Replies (2) | Respond to of 40688
I still belive in PNLK to make it big. But with the e looming on the horizon tomorrow, I am very nervous and there is more risk. I do not think glenn has misled us or that they have not been working on this issue. My major problem is that we are dealing with overworked drones at the SEC who will get to things when they are good and ready. I work with many government contracts and I know from my own experience that the gov't is slow and uncaring of corporate concerns. Has anyone looked at the number of BB companies out there? It seems like there are thousands. All filing papers with the SEC. So PNLK responded to comments yesterday. These probably get added back to the bottom of the pile, which may take the SEC another week to get to (they have 5 or 7 days or something like that, but they seem to be behind schedule). Meanwhile, we get an e added. How will the market react? Who knows? The issues and concerns remain, and these will be there until we get a "pass." There is uncertainty, and the POSSIBILITY (IMO very slim) still remains that we have a month to get this taken care of or PNLKE gets de-listed. If this has been going on since June, why has it taken so long with the SEC? Do they see something we don't? I can't believe this, or it would have been raised by now. I do not think Glenn is hiding anything. So the stock could sell off. I looked at a few other companies that had the e added and they almost all dropped in price afterwards. Even if it is just the MMs using the situation to step the price down and create a panic sell-off, it could happen to us and every holder should be prepared to stomach a drop. IMO we will not drop much below 1.50 - 2.00 if it does occur. If you truly believe in the company, use the drop to buy more. Maybe our price already has the e factored in. I don't know right now. Anyway, i can't take the uncertainty, so I sold half of my position today. For me, it makes sense. I know the risks - either it costs me more to get back in, or I can buy more next week at a better price. I hope by this summer or fall, when we are over $20 a share, it won't matter to me if I got back in at $2 or $3. Still long, but not quite so strong.