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To: Taikun who wrote (59765)	1/31/2005 9:48:03 PM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

David, I believe if one can get 500 folks or some such number to hold shares, and arrange for a 'market-maker', then the shares can trade on PK. There were some quite famous ('private') insurance company scams run this way, where some guy 'listed' a group of such 'private' companies, injected his baseball card and such into the balance sheet, had valuers do the valuation thing, and then rented out the capital/capacity to mainline insurance companies wishing to increase underwriting capacity based on leased capital. The whole scheme runs well as long as there are no losses above and beyond the capital of the capital leassee, since capital leasor only got highly 'quoted' baseball cards. The PK listing was necessary because the insurance commissions of the states only allowed the capital to be leased from traded companies. The whole scam blew up, and the prosecution fell between the cracks of SEC, Insurance Commissions. The scamsters got away clean. It was featured in Barrons a few years ago. The loop hole, at least in so far as the insurance angle was supposedly closed. Interesting situation you have found. Chugs, Jay