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Microcap & Penny Stocks : Short Term Picks From the 'Whiz' Kid -- Ignore unavailable to you. Want to Upgrade?


To: Soccrates who wrote (3853)3/5/1999 9:16:00 PM
From: LANCE B  Read Replies (2) | Respond to of 9115
 
there is no inaccuracy to my post..i was speaking
to roger the ceo of your so called company at the time..
i asked him many questions and left my name so he knew
for any problems in the future..
he advised that there was no pace healthcare..
PCES- IS A SHELL STOCK THAT TRADES ON THE PINK SHEET FOR
2 YEARS..THEY HAVE NO OPERATION,THEY HAVE NO BUSNIESS..AND THE
2 MILLION DOLLARS YOU ARE REFERING TO WAS TO BE USED TO BE PLACE
IN A PRIVATE BUSINESS ..
PACE HEALTHCARE HAS BEEN SOLD TO 3 M ALREADY,THEY ARE GONE,HISTORY.
DONE..OUT OF BUSINESS..YOU GET THAT...OUT OF BUSNIESS ..NO MORE..
THE PHONE THAT NUMBER IS SM CORP..PLEASE CALL..PCES IS AN EMPTY SHELL..GET IT



To: Soccrates who wrote (3853)3/6/1999 4:45:00 PM
From: Israel  Read Replies (3) | Respond to of 9115
 
from the companies Nov 98 10qsb..

The net proceeds from the sale will be retained by the Company pending a determination of whether to engage in a follow-on transaction. It is the intention of the Company to seek a business combination with another entity, before considering possible liquidation and distribution of its assets. The Company believes that with the cash on hand and net operating loss carryforwards, subject to the limitation of such carryforwards under the Internal Revenue Code, such a combination may be attractive to potential partners and would better serve the interest of the Company's shareholders. If no suitable business combination is identified within a reasonable period of
time, the Company may elect to liquidate and distribute the remaining net proceeds to shareholders. If the Company liquidated at the present time, all of the net assets of the Company would be paid to holders of the Company's preferred stock.

In summary.. if they decide to not pursue any other business endeavor, and decide to liquidate the company.. Common stock holders get Nothing.. everything goes to the P's. Yep.. definitely a sound proposition for the common <not>!

Happy trading,
Israel.. finally get a chance to do some DD on PCES.. would have been a good trade, but nothing close to an "investment"