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

To: Chris Holdsworth who wrote (2833)	6/2/1998 10:56:00 PM
From: john f.	Respond to of 4783

Hello All my second post here. Am trying to accumulate as quickly as possible. Another 10,000 today. IMO this is a great opportunity, and who knows what we will see in July. Upside potential staggering. Good luck to us all.

To: Chris Holdsworth who wrote (2833)	6/2/1998 11:46:00 PM
From: TraderGreg	Read Replies (1) \| Respond to of 4783

Does anyone know how the float is actually calculated? Total Outstanding shares - 144 Restricted shares = Float, however, some like to talk about a trading float. Why? Because if the CEO holds10 MM shares of a 30 MM float and those 10 MM shares are in cert form behind a VanGogh, then are they really part of the float? Probably not. What happens to the individual who does not cover by July 1st? He will be given the normal three days to cover. If he appeals/stalls/begs/cajoles, he may get another 3 day extension. If he is incommunicado or fails to deliver, ultimately, the brokerage will liquidate whatever is in the shorter's account and cover. If there aren't sufficient funds/equities to liquidate, the brokerage will cover and sue for damages. If the brokerage goes under trying to cover, then I believe, but am not sure, SIPC will cover. This isn't like buying stolen goods. An illegal naked short sell creates a legitimate shareholder. It is only a matter of when the cover occurs, not if. I'm assuming that PKGP can no longer be shorted illegaly. Is this correct? No stock CAN ever be shorted ILLEGALLY, but that fact won't stop illegal shorting. All you can do is support the stock thru buying that forces shorters to cover and move on to a new patsy...for a while, until they see weakness again. If there are 37 million shares outstanding, and warrants are paid to these shares, does this actually dilute the stock? It could if the strike price on the warrants was just above the current price. However, warrants are usually at prices well above the current price. Moreover, often the warrants are not converted, rather, they are just traded as separate instruments. TG