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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Ga Bard who wrote (7450)	5/23/1999 11:40:00 AM
From: Rande Is	Read Replies (1) \| Respond to of 57584

Will do, Ga Bard. . .I was aware of these and believe most of it to have been settled in 1998 when the stock sat at .50 for so long. . . there was quite a churn there over the months. As for Breaking Waves, often the PR refers more to FILM than PLCO, so it can get confusing. . . Breaking Waves swimwear is being marketed on the net by FILM [Hollywood Entertainment] for the shares offered them. Yeah, PLCO borrowed some during 98 to fund their expansion, however they have since become quite profitable, and I believe that the days of borrowing are mostly behind them. . .that is sort of the gambling part of this trade. . . The float figures came from the company about a month or so ago. . .but it certainly would not hurt to double check these figures again by calling the company directly and getting the very latest figures straight from them. The play of PLCO includes the PLCOP, which have the 6 to 1 conversion ration by years end. . . played together it reduces an element of risk from the common, since the preferred would still be worth 6 bucks when the common is just 1, upon conversion. Another part of play is betting that the compnay will continue to aggressively work to INCREASE shareholder value based on their desire to get re-listed on Nasdaq. If any movements happen from here out that would contradict that company goal, then red flags would go off all over the place. Most here have been holding free shares since about 1.50 on the preferred and have traded now and then to make profits above those holdings. Doubtful here that many are just entering at these levels. . .so risk level is reduced considerably. . . I first bought pfd at .30, so I am quite comfortable with risk factors. I do appreciate all warnings and your ability to spot the red flags. Penny stocks ALL carry an element of risk that must be considered by each person. And we go to free shares as soon as possible with each penny play. . .or we should. . . thus removing the risks, while maintaining the reward potential. Thanks again for your warnings. Rande Is