Thursday, February 28, 2008 10:11:12 PM
If it's old news, sorry. GLTA
Bruce Newman, Chief Executive Officer of Protocall Technologies Incorporated (OTCBB: PCLI), down 9% on 6 million shares, Wednesday commented on the recent unusual trading activity in the company's stock. "Our fundamental business and future prospects have not changed in any way from last week," Mr. Newman said. "We believe the recent high trading volume and decline in our share price was the result of large volume sales by institutional holders of Protocall convertible notes. These notes, which we utilize for short-term working capital, are periodically converted by holders into shares and then sold in the open market based on factors that we believe are often completely unrelated to our business."
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