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Microcap & Penny Stocks : PFCK Gets $50 million cash infusion -- Ignore unavailable to you. Want to Upgrade?

To: Offworld who wrote (328)	6/30/1998 6:44:00 AM
From: DIY Investor	Read Replies (1) \| Respond to of 716

No Sultan News, but, PFCK Announces Intent to Acquire Linzy Capital Note that the press release's book value number differs from the the book value of .13 reported by Yahoo. Also, the purchase price is quite uncertain ($1 mil to $5 mil and to include goodwill). The intent seems to be to offer a mutual fund for real estate developments and microcap stocks. SAN JACINTO VALLEY, Calif., June 29 /PRNewswire/ -- Peacock Financial Corporation (OTC Bulletin Board: PFCK - news) announced today its intent to acquire Linzy Capital, a Las Vegas based fund manager and investment firm specializing in raising capital for micro cap public companies. The terms of the acquisition, expected to close by July 31, 1998, calls for Linzy Capital to be purchased for restricted stock in Peacock Financial Corporation valued at $.37 per share, which is Peacock's current book value. The purchase price, expected to be between $1 million to $5 million, will include Linzy's liquid stock portfolio, its position as manager of three micro cap investment funds and its proprietary trading programs, as well as goodwill. Steve Peacock, president of Peacock Financial Corporation, is quoted as saying, ''The acquisition of Linzy Capital completes the Company's stated business plan of forming an investment banking subsidiary to finance small public companies unable to raise capital through conventional sources. There is a substantial need for this type of financing and we are fortunate to have found an operating company with similar business philosophies and a successful track record. According to Clyde Feyrer, president of Linzy Capital, ''The Peacock acquisition culminates Linzy's desire to become part of a publicly traded company with a real estate development background that will work with us to form a mutual fund with an investment strategy of placing its funds equally between secured real estate and micro cap public companies. Peacock Financial Corporation is a master developer with a twenty-year background in master planning, various forms of housing and inner-city redevelopment projects. The Company's most recent developments are near the Eastside Reservoir, a $3 billion recreational lake currently under construction by The Metropolitan Water District of Southern California in central Riverside County. For further information, please contact the company's president, Steven Peacock, at 909-487-8911. SOURCE: Peacock Financial Corporation

To: Offworld who wrote (328)	6/30/1998 1:07:00 PM
From: Ryan Yu	Respond to of 716

Nah, I've been losing my shirt playing BNEZ. What is up with the Sultan anyhow? Where is Mr. E.Z.MONY with the on-location news that we need? So Peacock is purchasing Linzy Capital for $1-$5 million, that must mean he's getting a cash influx from somewhere whether it be Hawthorne or the Sultan since the stock is dirt cheap Did any of you PFCKers feel the same way I did when the 'cock dipped below .20? Sorry for not getting back to you a week ago DIY investor, i've been too busy sobbing over this stock. Miscounted figures is not a first time with this stock but I am betting that their quarterly reports' numbers have some truth to them, than the web site or Investors' Relations Ms. Anahita. Good Luck fellow PFCKers Ryan