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

To: Chris O'Keefe who wrote (1870)	11/23/1998 6:15:00 PM
From: mark g	Read Replies (2) \| Respond to of 3171

It would be interesting to learn of the whereabouts of the 1m shares that Pacel is trying to get back (The Fly's post #1849) through litigation. Given the recent price trend, I don't think it is too much of a stretch to assume that they have been methodically dumped over the last several weeks on the open market. This is one subject that is never addressed on this thread. Since Pacel has a pretty low float, this is probably not a long term problem. However, one day Pacel will issue financials, new contracts, news,etc and the price will trend upwards. If there are more shares to be dumped, or if there are other litigious circumstances elsewhere the increase in value could be minimized. Clearly, the sells outnumber the buys and it seems the volume of distribution is actually greater than the (alleged) float. Please don't misunderstand me. This is not a bash. I bought with the intention of being long and I do feel that Pacel's long term prospects are excellent. But this chronic dumping is a yellow flag, at least short term. Mark