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Microcap & Penny Stocks : Pacel (PLRP): If NASA likes them, shouldn't we? -- Ignore unavailable to you. Want to Upgrade?


To: Warlock who wrote (19)9/10/1998 11:04:00 PM
From: Dusty  Read Replies (1) | Respond to of 3171
 
Patrick, you may not realize this but in view of current events taking place on SI and other threads it would be wise for anyone who begins a new thread to do a full disclosure. In fact it is my understanding that the SEC may be observing all who begin threads and are watching closely to see if public disclosure is made.

There is much underhanded activities taking place on many threads and
the toll has been heavy on many investors.

I thank you for your response and I would strongly encourage yourself and others posting extensive due diligence to include a disclosure statement with their post. As posters of information we must all realize we can be held fully accountable for anything we post; or fail to disclose.

Regards,

Dusty



To: Warlock who wrote (19)9/10/1998 11:05:00 PM
From: broke2  Read Replies (2) | Respond to of 3171
 
I have a serious question. Say I buy 10,000
shares a PLRP now for say .50 and sit on them
till this IPO or secondary public offering,
at $10.00,that is supposed to happen after the
first of the year sometime comes about. Do my
10k shares automatically become worth $10.00,
or do they get canceled in the new offering,
or do they do a big reverse split to bring the
shares I have bought at .50 up to $10.00.

Now I know they will not be worth $10.00 because
everybody in the world would be trying to get shares
of any stock that would just convert from .50 to $10.00
in six months or so. And I don't think the SEC would let
any company just cancel their existing stock just because
they wanted to. So that leaves a 1 for 200 reverse split as
the only alternative as I see it.

So I guess my question really is which one will it be or are
there other ways I have not thought of. Because no company
can have common stock selling for 2 different prices.
broke2