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

To: Provocateur who wrote (2165)	12/26/1998 3:23:00 PM
From: Chris O'Keefe	Read Replies (1) \| Respond to of 3171

Hello all, I'm off to visit my Mom in Florida, but before I take off for about a week, I thought I would share a thought or two on Pacel. For me, the IR web pages turned out to be a plus and a minus all rolled into one. On the one hand it's great, of course, that Pacel is expanding its public relations role to include investor relations on its web page. There was a lot of detail there, too, not just fluff. What more could an investor want? The downside, as I see it, is that some of the reality that is now out depresses me. The sense I have had of Pacel (based in part on conversations with Dave Calkins) is that 1998 was to be a "break-even" year and that 1999 was to be a breakout year. Looking at the growth chart on IR page #3 tells me that Pacel currently plans to end 1999 with zero earnings per share (or negative earnings, as the case may be). On one of my phone conversations with Calkins I specifically asked if Pacel was going to produce a positive EPS at the end of this year (1998). He told me yes. In addition to the above, I'm starting to see a list of breakdowns emerge in terms of what Calkins has said. Calkins told one person on the thread that he would definitely have a 10SB done by the end of the year. It ain't gonna happen that soon. Calkins told another person on the thread that no debentures were ever issued. Yet this line can be found on IR page #4: "PACEL Corp. has approximately $100,000.00 in outstanding long term debt and that debt is convertible for stock." Calkins has told several of us that around $2.8M in revenues would occur for the end of the year. He may not meet that. Have you noticed that the press release that spoke of the revenue has mysteriously disappeared from the news wire and from the Pacel website itself? Maybe it was pulled for a reason other than it won't happen, but we have to wait now to find out. In spite of all I have written, I still intend to hold. Why? Two main reasons: For personal reasons, I'd like to hold this stock for at least half a year. That puts me here until around March '99 at least. The other reason is simply that I forgive Calkins for all these problems. My current opinion is that he is a fine businessman/owner, but just a child when it comes to stock-related issues. I still remember him telling me by phone (back in September) that he saw PLRP as a $5 stock by March. That's kind of laughable now. Calkins has dropped the ball in more than one place IMO, but I don't think he's a liar and I don't think Pacel is a scam company. I think he's made mistakes, yes, but not because he lied to anybody but just because he came to learn that more time was needed for all these wonderful things to happen. So in conclusion, I'm a little shaken up by what I see on the new Pacel IR webpages, but I do not want to sell just the same. It is my belief that the conservative numbers on the Pacel IR webpage represents Calkins' desire to not overextend himself at the dawn of the new year. In other words, the numbers could turn out to be much better and the chart and EPS predictions would simply be updated as the year goes on. Take care all and happy new year to all, Cheers, Chris