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Re: gopackersgo post# 11643

Wednesday, 06/14/2006 4:03:19 PM

Wednesday, June 14, 2006 4:03:19 PM

Post# of 33332
Gopack - I don't think PLNI could float convertible or subordinated debentures.
An institutional buy could reduce the float but would still be outstanding unless it was restricted which would still come back in time unless they were convertible to preferred at a premium at the end of the restriction.
I have other complicated scenarios but I don't believe that JT would do most of them because of the corporations cash and working capital net position.
So, I guess I will wait and see.

I hope something is done soon for the long term holders. I know how it feels to believe in a company and watch my investment dwindle. I've been there more than once.

For me, it's OK because I am jumping back in as soon as I see the MM's start working on a spread of .0001 and my charts look better.
Just my opinion.

O.T. I was looking at some of your earlier posts and inadvertently put you on ignore. I assure you it was unintentional because I didn't even know where the ignore thing was. With Nano's help, I fixed it.
Looking forward to more PLNI conversation.


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