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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Taki who wrote (132853)	5/18/2004 1:34:56 PM
From: Taki	Read Replies (2) \| Respond to of 150070

PCES.10.Q out.Clean shell,and $1,9 million in cash,and no material liabilities.Number of Shares Outstanding Class May 12, 2004 only 5,716,074 only. .33 per share in cash.When will be filled?I can imagine where the stock will go if it does a successful R/M.With so few shares outstanding.A $1 or more not out of the question IMO. Following the Transaction, the Company has no ongoing operations and no revenues and has minimal operating expenses. The Company presently has no employees. The Company’s March 31, 2004 balance sheet reflects cash and cash equivalents of approximately $1.9 million and no material liabilities. The net proceeds from the sale will be retained by the Company pending a determination of whether to engage in a follow-on transaction. The Company has been seeking a business combination with another entity, before considering possible liquidation and distribution of its assets. The Company believes that with the cash on hand and net operating loss carryforwards, subject to the limitation of such carryforwards under the Internal Revenue Code, such a combination may be attractive to potential partners and would better serve the interests of the Company’s shareholders.