[PLNI]: Save this post by promoter Richard R. Matthews (rrm_bcnu) for when PLNI is found to have issued billions of shares at below par value
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http://www.investorshub.com/boards/read_msg.asp?message_id=16656524
Posted by: rrm_bcnu
In reply to: Double E who wrote msg# 21680
Date:1/31/2007 11:52:06 AM
Post #21690 of 21719
EE: The market price of convertible debt should never drop below its intrinsic value. The intrinsic value is the number of shares being converted at par value times the current market price. Issuing shares below par is unusual, but below par/10??? Turek is smarter than that.
rrm
► Any analysis provided is my personal assessment of the indicated stock and should not form the sole basis of any buy or sell decision making by any reader. "Only cowards and losers live in the past."- Mike Ditka
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http://www.investorshub.com/boards/read_msg.asp?message_id=16656524
Posted by: rrm_bcnu
In reply to: Double E who wrote msg# 21680
Date:1/31/2007 11:52:06 AM
Post #21690 of 21719
EE: The market price of convertible debt should never drop below its intrinsic value. The intrinsic value is the number of shares being converted at par value times the current market price. Issuing shares below par is unusual, but below par/10??? Turek is smarter than that.
rrm
► Any analysis provided is my personal assessment of the indicated stock and should not form the sole basis of any buy or sell decision making by any reader. "Only cowards and losers live in the past."- Mike Ditka
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posted by the_worm06 | 1/31/2007 10:24:00 AM
2 Comments:
Wow, and to think that StockHOG has just confirmed another Auditor has signed on too without seeing a company PR. Amazing, keep digging for the truth like the worm you are!!
Amazing also is how they booted you from the treehouse squirrel message board of the pump crew for nothing but pointing out the obvious.
thanks
you might want to post this comment on one of the SLJB messages, however. This is a PLNI message.
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