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Microcap & Penny Stocks : PLCO Internet collectables, childrens toys...etc -- Ignore unavailable to you. Want to Upgrade?

To: Joe Lyddon who wrote (497)	6/4/1999 4:52:00 PM
From: kbert	Respond to of 1296

IF PLCO Market cap was equal to ETOYS ( ETYS ) Market cap: with 160MM authorized shares, assuming the worse, PLCO should be at 31.3 and PLCOP at : $187.76!!! The warrants would be at $182.76!! I am just kidding, but: PLCO, why don't you have ETOYS Market Cap ??? :) Archie

To: Joe Lyddon who wrote (497)	6/4/1999 11:08:00 PM
From: Triffin	Respond to of 1296

< Which one is it ?? > AH .. If we could put on the arbitrage trade and ride it to the conversion date we wouldn't care .. Jim in CT .. any PLCO longs want to 'lend' me their shares ?????

To: Joe Lyddon who wrote (497)	6/7/1999 11:01:00 PM
From: KevinThompson	Read Replies (1) \| Respond to of 1296

Well, first of all I don't doubt that the conversion is true and valid in every sense. You can check that in their fillings with the SEC on Edgar's. But what we have here is either that the world just doesn't know about it or that maybe not all companies that convert securities at a 6:1 ratio are created equal. I think it is a little of both. I am suspicious that investors are concerned about the dilutive effects that the conversion at the end of the year will cause. What happens in January next year? Well the prfds get to convert to commons at 6:1, but are there any guarantees that the price of the commons would hold after further dilution? As I understand it (and I could be wrong), the common shares that are exchanged for the prfds are not taken from current shares outstanding, but rather are created new in the market - from shares that today's prfds represent. This makes things very speculative, not to mention that Dec. 29, 1999 is still a long ways off. However, if the common share's price (PLCO) really takes off between now and then, then in Jan, there is a much better chance that even after conversion, those holding PLCOP now will be richly rewarded. Of course, if the converse happens, and PLCO doesn't get going strong, then more dilution in Jan will probably mean that PLCOP will continue to decline between now and then and neither the commons nor the prfds will be very good to own. The other factor is that PlayCo. really needs to get on the horn when the right time comes - and others in position of being able to spread the word about the 6 to 1 conversion need to shout about it. Bottom line as far as I can tell will be what PlayCo does or doesn't do to increase the value to the shareholders (read as stock price increase). But there is not that much time left. EToys has already grabbed a big piece of the market capitalization pie - does the circle just keep expanding? Regards, KevinT