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Microcap & Penny Stocks : PCES - paid $4.75 Million by 3M Corp!!! -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (39)3/5/1999 8:53:00 PM
From: Soccrates  Read Replies (1) | Respond to of 523
 
I'm not sure I understand all of what you said, but if a reverse merger takes place the PCES shareholders (which includes me) will own part of the new company. Is this right? Is so, that sounds good to me. I know a little bit about public companies, and PCES has a legal obligation to protect the interests of its common sharelholders.



To: Zeev Hed who wrote (39)3/5/1999 10:31:00 PM
From: The Osprey  Read Replies (1) | Respond to of 523
 
Book value for the preferreds right now is about .73/share......approx on break up.Tax loss carry forwards for 1997 and 1998 total 5,919,578.
There are 2,875,000 Convertible Participating Preferreds o/s with a converion of i for 2 common as I see it.

Osprey


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