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 : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?


To: D.R.A. who wrote (2228)4/30/2001 2:46:48 AM
From: Al Collard  Respond to of 11802
 
Hi D.R.A.,

Your in with PMC-v @$.19 for 52,631 shares.

Chart for Payment Services Int(PMC-v):

stockcharts.com[l,a]djclnimy[pb50!c20!b100!b200][vc60][iUg!Ll14!La12,26,9!Lf!Lh14,3]

Looking at the chart for PMC we can see the stock has been in a long downtrend and is currently trading under all it's major MA's. The first line of resistance is it's 20EMA @$.20 and it needs to clear this hurdle to right itself. The ADX is negative but the MACD appears to be crossing over to the upside. The Stochastics does appear to be a tad on the oversold level. All in all a fairly neutral chart.

Good luck with this pick,
Al



To: D.R.A. who wrote (2228)5/2/2001 10:36:02 AM
From: Al Collard  Respond to of 11802
 
D.R.A., news out on your pick PMC-v:

Payment Services Interactive to sell shares

Wed 2 May 2001

News Release

Mr. James Mundle reports

The company and certain of its insiders have entered into an arrangement
with Octagon Capital Corporation for the sale of 3.72 million previously
issued common shares of the company. Under the arrangement, the 3.72
million common shares of the company will be sold by Octagon, through the
facilities of the Canadian Venture Exchange, at a price of 11 cents per
share. The gross proceeds to the selling shareholders will be $409,200.
The company also announces that, subsequent to the sale of the 3.72 million
common shares, the company will complete, subject to regulatory approval, a
non-brokered private placement of up to 3.72 million common shares. The
common shares will be sold at a price of 11 cents per common share for
total gross proceeds of up to $409,200. Certain company insiders and
shareholders, who participated in the above-mentioned sale of previously
issued common shares, will participate in this financing.
The company also announces that it has negotiated a non-brokered
arm's-length private placement of a $300,000 convertible note. The note,
which is to bear interest at 15 per cent per year and is due 12 months
following issuance, shall be convertible, at the option of the noteholder,
at any time into common shares of the company at the market price permitted
in accordance with CDNX rules.
Proceeds of the private placements above described will be used to finance
the company's working capital requirements.