Pacel Corp (PCOR): I agree the totals aren't very high. Su...

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Re: Martin Murray post# 57

Tuesday, 12/21/2004 5:38:08 PM

Tuesday, December 21, 2004 5:38:08 PM

I agree the totals aren't very high. Supposedly, they represented about 68% of the o/s two months ago which was around 484.7 million.

Many small company financiers set up death spiral deals. As a stock's price drops, they keep getting more and more stock. Who knows how much those guys hold today. Considering the company wants to raise the a/s to 10 billion, the o/s now is probably near or past the 2 billion mark.

I hope you get a really nice play here. These diluter stocks are really hard to play.

-----
"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."
-- Warren Buffett

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