SI
SI
discoversearch

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: Chris Holdsworth who wrote (4248)6/26/1998 1:18:00 PM
From: Richard Mazzarella  Read Replies (3) | Respond to of 4783
 
Earlier today I asked quietly, but got no answer, maybe nobody heard me? WILL THE NEW NAMED COMPANY ISSUE ONE NEW SHARE FOR EACH SHARE OF PKGP?????????????????????



To: Chris Holdsworth who wrote (4248)6/26/1998 1:25:00 PM
From: William B. Hill  Read Replies (1) | Respond to of 4783
 
Laker 17, sorry you're offended by all the talk of short squeezes but
it appears because of the stalled and fluctuating price of PKGP,
we have a potential squeeze sit. YOU ARE ABSOLUTELY RIGHT about buying
a stock based on fundamentals. And we shouldn't wait around for squeezes. I mention it because with all that's going on lately,
it becomes evident, IMHO, that MM's are holding the price down on
both buying and good news. It would cause one to believe they are
accumulating all they can by keeping the price lower before the
name change forces a 1 for 1 exchange. I cannot come up with a better
senario for what's been going on...can you? Daytraders? I think not.

Anyway, it's good advise at these levels to hold or add pending a
possible squeeze. If it doesn't happen...so what! We are all here
for the fundamentals of a great company...right?

Brettster



To: Chris Holdsworth who wrote (4248)6/26/1998 2:43:00 PM
From: TraderGreg  Read Replies (1) | Respond to of 4783
 
I believe shorters will cover with whatever the PKGP equivalent at the time.

I have no idea how long it will take for the physical exchange of certs from old PKGP fomr to new PKGP form. The stock will trade with whatever symbol is active at the time.

TG



To: Chris Holdsworth who wrote (4248)6/26/1998 10:58:00 PM
From: Coolbreeze  Read Replies (1) | Respond to of 4783
 
Chris, PKGP share trading--

1. June 30th---Name change to Universal Express

2. July 1st---PKGP symbol changes to new symbol after the close

3. July 2nd---Trading begins on Universal Express with new ticker symbol

As I see it all shorts have a 3 day window (just basically shuffling of paperwork (there would not be any window if ALL shares were in certificate form and held by individual investors))

I have also been told by the SEC that the company has the final sayso as to how long old shares of PKGP can be exchanged before they are considered worthless.

CB