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PCES - $2 Million cash in bank ($.37 per share cash value alone) trading at $.05 x $.06 right now! Here's the info. I like it. I think it could move up nicely. It's selling for about 6 cents right now. See what you think. ------------------------------------- PACE Health Management Systems, Inc. (OTCBB: PCES) pacesystems.com 1025 Ashworth Rd. West Des Moines, IA (515) 222-1717 Outstanding Shares: 5.3 million Float: 1.8 million Current cash in bank: $2,000,000. This equates to $.37 per share value in cash alone. Currently trading at $.05 x $.06 PCES ("the Company") has concluded an agreement with 3M to sell substantially all of its assets in exchange for $4.75 million in cash and assumption of the Company's liabilities. The latest 10QSB says, "The Company's post closing Balance Sheet reflects cash, including the escrow balance, in excess of $2.0 million with minimal debt." The Company believes that the combination of cash on hand (which is about $2 million) and net operating loss carry forwards make it attractive to potential partners. The Company believes that it serves the best interests of its shareholders to seek a business combination with another entity. I just talked with the CFO (Roger Hughesman) and he confirmed that the Company has talked with several potential merger candidates and is continuing to talk with candidates. PACE is a fully reporting company. Check their SEC filings. | ||||||||||||||
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