I will have to take a look at that one. pces has 17 million in loss carry forwards, and about 1.75 million in cash. The float is 3,441,414 and o/s is around 5.7 million. It has been a shell for almost eight years and if they get a deal done it will fly. If you aren't too familiar with John Papajohn I would check him out, he is a very well respected in Iowa. There will be some dillution because the preffered holders will be owed shares, but he is looking for a perfect fit. He didn't wait almost eight years to put something sketchy in here, when this gets done it is going to be great. I wouldn't be suprised to see a bid above $2 if a deal is done. The only question is how long is it going to take. I just hope it isn't another eight years:)
There are a ton of shady shells out there, but this one is for real and when they do get a deal done, we will be cashing in.
IMO
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