SI
SI
discoversearch

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.
Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: Archie Meeties who wrote (74601)9/26/2000 12:12:31 AM
From: isopatch  Read Replies (1) | Respond to of 95453
 
Archimedes. Talk about an UGLY STICK! Did you see the PRZ 2ndary?

Boy, I've seen managements drop the ball many times over the years. But what a fiasco. No dog & pony show, no PR build up, no sales pitch from management. NADA!

Apparently they didn't even ask Lehman to get what in the brokerage biz is called "indications of interest" from large retail and institutional buyers. In this manner, most offerings are placed in advance of releasing the stock.
That process is precisely to prevent what's just happened as they simply dumped several million shares of stock onto a thinly traded market! And surprise, surprise? PRZ has taken a cliff dive from the 26 to 17 3/8 in a week!

Couldn't buying a bit at todays closing price. Could be early. But at some point, even this POS is a bargain. And my guess is we're getting close.

Wonder what the fallout of this is going to be. Imagine some heads will roll in the PRZ executive suite. If so, my bet is the stock rallies hard on the news.

Are you ahead or behind on your warrants?

Isopatch