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 : PCTR-Perceptronics -- Ignore unavailable to you. Want to Upgrade?

To: Eric Fader who wrote (700)	8/28/2001 12:52:37 PM
From: SgtPepper	Read Replies (1) \| Respond to of 710

From my earlier post: >> 1. Adbdullah entered into an agreement to acquire the right to 60% of the company at a cost of 3.2 mil, while the company's entire valuation is currently only 2.3 mil. << They could have bought the whole company for less than they paid for their new shares. For some reason, they preferred to keep this company public. My guess is that they plan to make money on the shares they are buying at 0.22 by selling to the public at higher prices. The float is still very small, so could be a big move when and if it starts. Company has some new, high-powered prospects for clients in the real estate and energy industries. I think this is as good as I would have expected for PCTR. The current market environment is not kind to internet stocks.