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Microcap & Penny Stocks : PKGP (Packaging Plus) -- Ignore unavailable to you. Want to Upgrade?

To: purecntry5 who wrote (54)	3/5/1998 5:30:00 PM
From: Lawrence Burg	Read Replies (2) \| Respond to of 4783

Scoop of sorts... Spoke to Vallerie Transport (800) 829-0830 The auction was put off by the judge until 16 March, pending delivery of "additional info". This might explain the $ deflation. I'm almost sorry to report it, for what it may do to $ tomorrow, 'tho I'm sure others know by now. It was said that PKGP is top pick due to rep of mgmt.

To: purecntry5 who wrote (54)	3/5/1998 8:08:00 PM
From: Richard L. Williams	Read Replies (1) \| Respond to of 4783

CB-- Thanks for the link. I went from being mildly interested in this stock to fleeing at full speed. Reading that report made it quite clear to me that this stock is trading where it's at because of its fundamentals. This company is bleeding money at a furious rate! Losses of $3m?!? Constant Reg.S sales just to keep its head above water? Paying the CEO with stock because the company has no cash? On and on, every paragraph I read made my blood chill. This company is on a downbound train, CB! I didn't see a single ray of light in that grim, bloody report, CB. Counseling people to buy this stock is foolishness. Maybe it will pop on a momentum play, but as soon as people look at the teeth of the horse that they have strapped to their wagon, they'll be cutting it loose, posthaste! Bottom line on this one is: Good Luck! You're gonna need it! Happy hunting! Rick