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

To: Jim Reome who wrote (2402)	5/21/1998 1:50:00 PM
From: William B. Hill	Read Replies (1) \| Respond to of 4783

Hi Jim! Just wanted to mention another stock but only for comparison of short squeeze potential. Eutro is similar to PKGP in the way that it recieved much attention on the NET for the potential of a short squeeze trap. In a few weeks it ran from subpenny to .27...all based on the likelyhood of a short squeeze. Many EUTO investors got together and called in their certs totaling aprox. 23mil. That was over the expected float because of a preferred share conversion and Eutro retiring shares. What broke up the squeeze was this: 4 co's that owned 50mil shares as collateral for a financing deal, was selling during this time adding 50mil back into the float. When investors found out about this...many sold driving the price down to .10 level and finally to .03 level where it is today. With PKGP, the squeeze is a much more obtainable senario in that people don't have to call in their shares. If there is a large short position (even w/up to 35mil in the float) the up and coming name change will force the shorts (naked shorts that is) to cover as the one for one stock cert swap occurs. EACH INDIVIDUAL STOCK MUST BR ACCOUNTED FOR!!! This would be the price explosion of the decade, especially if there is as much as 93mil shorted! Total authorized shares is a must know along with the exact current outstanding shares to ensure investor confidence here. As far as EUTO's future...I strongly believe in it as it has established a definate low (IMHO) and has no where to go up especially since they are actively handling the 50mil share issue and landing more contracts. Brettster