Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: jaybird who wrote (2581)	5/28/1998 10:46:00 AM
From: Tim Luke	Read Replies (1) \| Respond to of 4783

Still here and still long!

To: jaybird who wrote (2581)	5/28/1998 11:11:00 PM
From: Steve Morytko	Read Replies (1) \| Respond to of 4783

Hi jaybird, I wanted to be sure to get back to you. No, I'm not a MM. In fact I am a very small shareholder. I do find it interesting that if someone dares to mention anything negative or raise any doubts about PKGP they are subjected to ridicule or accused of not doing any research. Are you suggesting negative opinions are not welcome? Are you suggesting PKGP is not an extremely risky investment. This board reads more like an info-mercial rather than a discussion group. I prefer to hear healthy discussions that include the upside and the downside. I'd feel a lot better about the supposed shorting of PKGP if it were published somewhere - it's not - therefore I presume the short figure is 0. The number of short shares is alleged to be somewhere between 30 and 90 million!! From Edgar Online: www4.edgar-online.com "Indicate the number of shares outstanding of each of the issuers' classes of common stock, as of the latest practicable date. CLASS OUTSTANDING AT DECEMBER 31, 1997 ----------------------------- -------------------------------- Common Stock, Class "A" 9,645,282 Class "B" 1,280,000 " and "CASH PROVIDED BY FINANCING ACTIVITIES Sale of common stock from treasury 0 59,320 Proceeds from notes and loans payable 0 278,000 Proceeds from issuance of convertible debt 3,714,097 0 Repayment of notes and other liabilities (501,905) (386,201) ----------- --------" It hardly seems believable there could be anywhere near 30-90 MILLION shares shorted. To make it believable some say it's illegal? It's been suggested that Market Makers (all 30 of them by some accounts) are doing all the "illegal" shorting. Really!? And you wonder why I'm asking questions and pointing out problems with PKGP's story? And now it seems that some of the honest promoters of PKGP are removing it from their list; various dates are being pushed farther out; ICC is supposed to be some big shot PR firm? you can't tell that by looking at their home page; oh yeah, and what would a PR firm say about a client - something negative? ... hmmm. Now suppose they do get financing, isn't it possible they'll issue even more shares resulting in considerable share dilution for existing shareholders. What's that convertible debt? There's something to worry about. Worse, they could get no financing and go under - stock=$0.00. I hope you don't miss this amongst all the new posts about how everybody doubled down today or how they're holding for the golden moment. I hope it comes, but I'm significantly more skeptical since my friend Tim recommended PKGP. Steve