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Gold/Mining/Energy : PKS-PeakSoft Multinet Corp. (was PeakSoft Corp.) -- Ignore unavailable to you. Want to Upgrade?


To: Big Bucks who wrote (1098)1/26/1998 7:41:00 PM
From: Steve  Respond to of 1470
 
"By purposefully delaying the annual report it was apparent to me that PeakSoft was not doing well and was trying to "hide" behind obvious delays to keep investors from pulling out."

I cannot agree more. If NetMagnet does not sell in these next 2 months then this company is done. They will not meet the requirements to get the second phase of financing from Elliott.

What bothers me more is that everyone and there brother, I'm talking 500,000 shares or more, is looking to get out as soon as this thing gets to $0.80 CDN or better.

It is also very very disturbing that the day before these bad numbers came out, Peak's stock traded at a 52 week low of $0.35 CDN. The news of these earnings had obviously leaked out.