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

To: peacelover who wrote (3159)	6/5/1998 11:14:00 PM
From: StandFast	Respond to of 4783

Peacelover, Not sure about the certs, never been through a name change before. But from what I understand, since they will be in your name, I think PKGP will have your name on their rolls and contact you with any info. As for the shorting, I don't think complaining will do anything, evan if they were not shorting, it is my understanding the MMs can set whatever price they want for the shares. So it really would not matter. From what I understand of the market (anyone correct me if I'm wrong :)) Is that the MMs make their money off shorting and the spread. If everyone were to buy and hold, the MMs would have less shares to trade therefore they would make less money. In order to make more money, they would have to raise the bid to entice the holders to sell. If the holders sell, there are more shares on the market, but now the MMs have to sell these shares, so they raise the ask ( the share price goes up) Now whomever buys is locked in at a higher price, and therefore in the future the MMs have to raise the bid to get the shares back into circulation. I hope I did not bore you with my retoric, but I was attempting to answer your questions the way I understood them. I'm long too, but the end of the month is near, and besides we get warrants too! Standfast

To: peacelover who wrote (3159)	6/6/1998 9:43:00 AM
From: Michael L. Bland	Read Replies (2) \| Respond to of 4783

Peacelover, You asked, "I have a few k's in this stock and I will not part with it for quite a while. In fact I am in the process of getting my certs thru Schwab which is my brokerage co. Once I get my certs, do I hold them or send them to pkgp? Also, how come management of pkgp does not complain to nasd if there is so much naked short by mm's? This is absolutely illegal if the mm's are really doing this? Also, what will stop the mm's from doing the same thing to universal packaging after the name change"? First of all it's not really all that important to take possession of your certs at the present time. When PKGP changes its name and declares a dividend on June 30th, all certs will be called, this will create the short squeeze(if we have the short interest which has been speculated). In fact it takes some brokerage houses three weeks or more to deliver certs. Anybody requesting them now would be hard pressed to get them before they are called because of the above mentioned events. The way to keep this same thing from happening again is for all shareholders of the new PKGP stock after the name change and dividend declaration to then take possession of their new certs. That way the brokerage houses can't lend out shares for shorting. Best regards, Mike