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: betty blank who wrote (4271)	6/27/1998 2:47:00 AM
From: Jester	Read Replies (3) \| Respond to of 4783

I have followed this stock for months and the relationship that PKGP formed with ICC was the most positive thing they did in that time. I have kept a link to the ICC web page on my computer since the 1 year contract was signed. The PKGP name and logo have been completely removed from the site. After speaking with the ICC president a month ago I would be very interested to hear what has happened that ended the relationship. I have a guess that I have decided to share with this thread and this is ONLY A GUESS. It has been posted here before that the only unknown portion of this stock was the size of the short position. In fact the actual size of the float is also unknown. To date, it has only been estimated. Apparently, the actual size will not be known until all shares are exchanged for new. My guess is that the size of the float is much larger than has been estimated. This stock has traded like they were making new shares in the back room and selling them as fast as they could produce them. It shows absolutely no signs of a short squeeze of any kind. In almost every post I have made before I said that the wild card was the unknown float. Remember that all legitimate PKGP shares must be honored and re-issued. If the float is too large it may elevate the market cap and dilute the share price as a result. This may necessitate a reverse split by the company. These are never good for the shareholders. Never. If you are playing this stock for a short squeeze, forget it. The reason to stay in would be a belief in the company. I would definitely ask the reverse split question. If the company indicates one could happen, there is big trouble. Note-ALL OF THIS IS MY CONJECTURE. Somebody agreed to loan them money so they convinced somebody they had a good plan or they had something big to put up as collateral. My next step on Monday morning would be to ask the company about the possibility of the reverse and get AS MUCH INFORMATION AS POSSIBLE on the details and conditions of the financing. There are some big question marks here. Losing ICC when they sorely need an investor relations company is an extremely bad indication. Expect to see a press release very soon on the ICC situation. My guess is if they can explain the ICC thing adequately to the investors they will hold OK until July 1. After that, unless they have something big up their sleeves there could be big trouble. Make sure you have all your questions answered so that you are comfortable with your investment. This is not a momentum play so if you stay be prepared to be long. Too many ????????s on this one. djb