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Microcap & Penny Stocks : PFCK Gets $50 million cash infusion -- Ignore unavailable to you. Want to Upgrade?


To: Ryan Yu who wrote (210)4/14/1998 10:54:00 PM
From: Randall E Westberg  Read Replies (1) | Respond to of 716
 
Ryan Yu,
Do you know something I don't. If the SEC made a mistake I would think Steven Peacock could get this resolved immediately.

sec.gov



To: Ryan Yu who wrote (210)4/15/1998 12:03:00 AM
From: Randall E Westberg  Respond to of 716
 
According to Ryan Yu,

<<I just talked to Bruce Merati, the CFO of Peacock and conversated
upon the S-8 form registered with the SEC. He noted it to be some
kind of mistyping and reassured me that the company is in the
Financial/Real Estate classification>>

Here's a couple of questions :

In the SEC filing :
(1) Mr.Merati is referred to as a consultant? I was led to believe he is the CFO.
(2) Has Mr. Merati sold his 400,000 unrestricted shares granted to him at $.05 per share in accordance to the 3-24-98 SEC filing?

sec.gov

(a) GENERAL PLAN INFORMATION

(1) The title of the "plan" is: "Bruce Merati./Compensation Contract",
and the registrant whose securities are to be offered pursuant to the plan
is Peacock Financial Corporation.

(2) Bruce Merati is a consultant to the registrant, and in such consulting
capacity has entered into a written compensation contract for services
rendered to registrant. Such written compensation contract is defined as
an "Employee Benefit Plan" pursuant to Rule 405 of
"REGULATION C-REGISTRATION" under the Securities Act of 1933.

(3) The plan is not subject to the provisions of the Employee Retirement
Income Security Act of 1974 ("ERISA").

(b) SECURITIES TO BE OFFERED

(1) 400,000 shares of registrant's common stock

(2) The Capital Stock to be issued are the common shares of the registrant
that are fully paid and non assessable, with the same rights and
privileges as all other common stock shareholders of the registrant.
There are no restrictions on alienability of the securities to be
registered, nor is there any provision discriminating against any
existing or prospective holder of such securities as a result of such
security holder owning a substantial amount of securities.

(d) PURCHASE OF SECURITIES PURSUANT TO THE PLAN AND PAYMENT FOR SECURITIES
OFFERED.

(6) The plan is not subject to ERISA. The shares of registrant's common
stock to be issued to Bruce Merati is compensation for services
rendered to registrant. The securities issued pursuant to this
Registration shall be issued by registrant without the payment of any
fees, commissions or other charges of any kind.

(e) RESALE RESTRICTIONS

There are no restrictions on the resale of the securities purchased
under this plan that may be imposed upon the purchaser.



To: Ryan Yu who wrote (210)4/15/1998 12:19:00 AM
From: Randall E Westberg  Read Replies (1) | Respond to of 716
 
<<< 2) We all know that Peacock is already developing a new community near the Eastside Reservoir near San Jacinto in Riverside County.>>

No, I don't think we ( all ) know... Can you be more specific?

Shall we all believe and assume the above statement to be true.

I don't think that would be a prudent assumption.



To: Ryan Yu who wrote (210)4/15/1998 12:49:00 AM
From: Randall E Westberg  Read Replies (1) | Respond to of 716
 
According to Ryan Yu :

3) Bruce humbly told me that the company is still a small company
with a hopeful financial backing by the Hawthorne group. They are attempting to get the stock out of penny-stock OTC BB status and onto the Nasdaq exchange by strong development. I guess we'll have to wait and see.

<<< a hopeful financial backing by the Hawthorne group.>>>