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

To: mike mulhearn who wrote (2280)	1/8/1999 4:32:00 PM
From: mike mulhearn	Read Replies (1) \| Respond to of 3171

Was there suppose to be more today?

To: mike mulhearn who wrote (2280)	1/8/1999 8:24:00 PM
From: Provocateur	Read Replies (4) \| Respond to of 3171

pacel.com Well, the least they could have done was put it out on a real newswire. That in and of itself was a suspicious/sleazy thing to do. This was something like 2-4 million shares. Looks like they get screwed by the guy who set up the deal: "PACEL Corp. has filed a civil suit...against Paul Hughes, broker, for failure to pay for a portion of the stock issued as part of the proposed financing for the CTM acquisition and other damages to PACEL related thereto." This is the really bad part. All this crap we have had to put up with...and for what....Looks like Calkins got scammed. Didn't he hire a major auditor to go over everything with a fine-toothed comb?: "PACEL Corp. has also filed a civil suit...against CTM and its owners alleging misrepresentation and breach of contracts; seeking consequential damages, loss of revenue, and punitive damages. PACEL believes that these issues resulted in a $2-3 million dollar reduction from expected revenues for the fourth quarter of 1998." How long is the "long run"...? Years I assume: "However, PACEL Corp. does expect, in the long run, that legal resolution of the problems will be beneficial to the overall financial strength of the company." At least now we see another reason why they have decided to remain quiet these last few months. All I can say is that I am glad I didn't add to my position. This might lower even more now, I hope not sub-pennies. I was very suspicious as to why they tightened the b/a on the lower side yesterday. I now see why. Regardless...I think it is obvious now that this company isn't undervalued. Without the acquisition being worth the several million it was purported to be, we are left with revenues for 1998 in the amount of what...somewhere between $50,000 and $280,000? This assumes a zero value for anything we acquired from CTM. How is Calkins going to make this work now is the next question. Poor guy put all his money into this company. All these new employees, new offices waiting for them, semi-worthless acquisition, legal fees from two lawsuits....I hope they don't start selling shares to stay afloat. This whole thing gives a new meaning to being "long" on a stock. I think it is time to give Calkins a call. Not that he will be play the straight and narrow, but I would be interested in hearing how he is going to dig himself out of this one. Should be quite a tale.....The only way I see Calkins doing this is by going full force on existing products. Bet the farm on it and focus on developing more profit-sharing deals for distribution. They can't waste their time, energy, nor resources waiting for the utility industry to get up off its ass. VisualWriter needs to become a success in 1999 if they are going to have a rat's ass chance in hell. Further, he needs to stop brooding about how he was screwed by everyone. PR screwed him, the broker screwed him, CTM screwed him, financier screwed him. It is done. All this brooding is alienating us shareholders. We need a clear, cut line of communication keeping the shareholders informed as to what is going on. That starts with releasing news on the wire, not hiding it on your web page. They also have kept so much they are working on under wraps that it isn't even funny. The way they treat shareholders and disseminate information, you would think they were a front for the CIA. Just because he controls the majority of the outstanding, doesn't give him carte blanche to ignore the rest of us. Though we are few, they need to support this hard core shareholder base. Prov