Pinnacor (MM) (PCOR) 銘柄情報

what happen here

Unfortunately, there aren't any federal laws limiting the number of r/s a company can do. I haven't seen any state ones either. That's the problem!

Guess they decided they couldnt find anymore lambs to fleece with the current sp .0002x.0003. This is truly an amazing
display of picpocketing setup by rules and regulations that
favor organized theft.

Reverse split time again ==> 1-1000 r/s effective tomorrow

13:37 06/15/2006 PCCE Pacel Corp. Common Stock PCLO Pacel Corp. New Common Stock 1-1,000 R/S **

http://otcbb.com/asp/dailylist_detail.asp?d=06/14/2006&mkt_ctg=OTCBB

PCCE.OB - Hey guys. Saw my name on a link to this site with someone asking questions about my research into Pacel Corp. If you own stock in this company I suggest you dump it. It's a bogus deal. I traveled to their office but no one was ever there. No one returned my phone calls, or answered my letters, or my faxes. After all the r/s action it should be obvious that its a losing proposition and unfortunately its pretty much legal with loopholes and all. I spoke with the SEC to no avail. There is nothing they can or will do. I sold my stock a while back after I could not get any resolve. Just wanted to answer Perc's question. There are better opportunities out there to risk your money in, even if it means selling at a 90% loss, which most investors in this company are at already, if not more. Too much risk, not enough upside. Im available via my email or cell phone if you have any additional questions on this particular stock. rschadel@hotmail.com 1-864-444-3220. Good luck and happy trading.

Here's a docket summary of the civil case for the last six months.


1:03-cv-02182 SEC, et al v. Custable, et al
Joan B. Gottschall, presiding
Maria Valdez, referral
Date filed: 03/27/2003 Date of last filing: 01/10/2006

Case Summary
Office: Chicago Filed: 03/27/2003
Jury Demand: None Demand: $0
Nature of Suit: 850 Cause: 15:78m(a) Securities Exchange Act
Jurisdiction: U.S. Government Plaintiff Disposition:
County: Cook Terminated:
Origin: 1 Reopened:
Lead Case: None
Related Case: None Other Court Case: None
Def Custody Status:
Flags: CASREF, VALDEZ


294 Filed & Entered: 01/10/2006 magistrate judge status hearing
Docket Text: MINUTE entry before Judge Maria Valdez : Magistrate Judge Status hearing held on 1/10/2006 and continued to 6/14/2006 at 09:30 AM. Mailed notice (yp, )


292 Filed: 12/01/2005Entered: 12/13/2005 order on motion to withdraw as attorney
Docket Text: MINUTE entry before Judge Joan B. Gottschall : Motion by plaintiff Securities and Exchange Commission to withdraw as attorney Jerome Tomas [291] is granted. Enter order. The appearance of Jerome P. Tomas is hereby withdrawn. Attorney Jerome Peter Tomas terminated. Mailed notice (mjc, )


293 Filed: 12/01/2005Entered: 12/13/2005 order
Docket Text: ORDER Signed by Judge Joan B. Gottschall on 12/1/2005.(mjc, )


291 Filed & Entered: 11/17/2005Terminated: 12/01/2005 motion to withdraw as attorney
Docket Text: MOTION by Plaintiff Securities and Exchange Commission to withdraw as attorney Jerome Tomas (Attachments: # (1) Text of Proposed Order # (2) Notice of Filing # (3) Certificate of Service)(Levine, Steven)


290 Filed & Entered: 10/20/2005 magistrate judge status hearing
Docket Text: MINUTE entry before Judge Maria Valdez : Magistrate Judge Status hearing held on 10/20/2005 and continued to 1/10/2006 at 09:30 a.m. Mailed notice (yp, )


287 Filed: 09/30/2005 Entered: 10/04/2005 order on motion for order
Docket Text: MINUTE entry before Judge Joan B. Gottschall : Motion by Mark D. Toljanic, the court appointed receiver for an order providing for interim legal fees [285] is granted. Enter order to pay interim legal fees from registry account. Mailed notice (mjc, )


288 Filed: 09/30/2005Entered: 10/04/2005 order
Docket Text: ORDER To Pay Interim Legal Fees From Registry Account Signed by Judge Joan B. Gottschall on 9/30/2005.(mjc, )


285 Filed & Entered: 09/29/2005 Terminated: 09/30/2005 motion for order
Docket Text: MOTION by Receiver Mark D Toljanic for an order providing for interim legal fees; Notice. (cdy, )


286 Filed: 09/27/2005Entered: 09/29/2005 affidavit
Docket Text: AFFIDAVIT of Cathleen M. Keating regarding motion for order providing for interim legal fees [285] (cdy, )


284 Filed & Entered: 09/22/2005 magistrate judge status hearing
Docket Text: MINUTE entry before Judge Maria Valdez : Magistrate Judge Status hearing held on 9/22/2005 and continued to 10/20/2005 at 09:30 AM. Mailed notice (yp, )


282 Filed: 07/18/2005Entered: 07/22/2005 order on motion for order
Docket Text: MINUTE entry before Judge Joan B. Gottschall : Enter order to pay interim legal fees from registry account. Motion by Mark D. Toljanic for an order providing for interim legal fees from 04/01/05 through 05/31/05 [280] is granted. Mailed notice (cdy, )


283 Filed: 07/18/2005Entered: 07/22/2005 order
Docket Text: ORDER TO PAY INTERIM LEGAL FEES FROM REGISTRY ACCOUNT. Signed by Judge Joan B. Gottschall on 7/18/2005.(cdy, )


280 Filed: 07/15/2005Entered: 07/20/2005 Terminated: 07/18/2005 motion for order
Docket Text: MOTION by Receiver Mark D Toljanic for an order propviding for interim legal fees; Notice. (cdy, )


281 Filed: 07/15/2005Entered: 07/20/2005 affidavit
Docket Text: AFFIDAVIT of NORMAN V. CHIMENTI by Mark D Toljanic regarding motion for an order providing for interim legal fees [280]. (cdy, )


278 Filed: 06/30/2005 Entered: 07/06/2005 text entry
Docket Text: MINUTE entry before Judge Joan B. Gottschall : Defendant's agreed motion for a limited modification of the Asset Freeze. Enter Agreed Order. Mailed notice (eav, )


279 Filed: 06/30/2005Entered: 07/06/2005 order
Docket Text: AGREED ORDER Signed by Judge Joan B. Gottschall on 6/30/2005:Mailed notice(eav, )


276 Filed: 06/28/2005 Entered: 06/29/2005 motion for miscellaneous relief
Docket Text: AGREED MOTION by Defendants Active Investments, Inc., Frank J Custable, Jr for a limited modification of the asset freeze (gma, )


277 Filed: 06/28/2005Entered: 06/29/2005 notice of motion
Docket Text: NOTICE of Motion by Curtis Michael Kendall for presentment of AGREED MOTION by Defendants Active Investments, Inc., Frank J Custable, Jr for a limited modification of the asset freeze [276] before Honorable Joan B. Gottschall on 6/30/2005 at 09:30 AM. (gma, )


275 Filed & Entered: 06/23/2005 magistrate judge status hearing
Docket Text: MINUTE entry before Judge Maria Valdez : Magistrate Judge Status hearing held on 6/23/2005 and continued to 9/22/2005 at 09:30 AM. Judicial staff mailed notice. (yp, )


274 Filed & Entered: 06/08/2005 set/reset hearings
Docket Text: MINUTE entry before Judge Maria Valdez : Initial status hearing is set before Magistrate Judge Maria Valdez on 6/23/05 at 9:30 a.m., in Courtroom 1300. Parties shall deliver a copy of an initial status report, to chambers, Room 1318, four business days before the initial status hearing. The parties must follow the format for an Initial Status Report found on the Judge's website available at www.ilnd.uscourts.gov, or the parties can contact courtroom deputy, Yolanda Pagan, at 312/408-5135 for a copy. If the parties have recently prepared and filed an initial status report, the submission of the previously filed initial status report is sufficient. Judicial staff mailed notice. (yp, )


-- Filed: 06/01/2005 Entered: 06/07/2005 referring case to magistrate judge
Docket Text: EXECUTIVE COMMITTEE ORDER:Case referred to Magistrate Judge Maria Valdez. Signed by Executive Committee on 6/1/05. Mailed notice(cem)

The feds filed two lawsuits - one criminal and one civil. Neither of these has gone to trial yet. Here's a docket summary of the criminal case for the last six months.

Case Summary
1:05-cr-00340 USA v. Custable et al
Date filed: 04/07/2005

David Calkins (6)
Office: Chicago Filed: 04/07/2005
County: Cook Terminated: Reopened:
Other Court Case: None

Count: 1 Citation: 18:1343.F Offense Level: 4
FRAUD BY WIRE, RADIO, OR TELEVISION AND 18:2 AID AND ABET
Count: 5-7 Citation: 18:1343.F Offense Level: 4
FRAUD BY WIRE, RADIO, OR TELEVISION AND 18:2 AID AND ABET
Def Custody Status: Released
Flag: DENLOW

79 Filed: 01/27/2006 Entered: 01/31/2006 status hearing
Docket Text: MINUTE entry before Judge Blanche M. Manning : Status hearing held and continued to 3/2/06 at 11:00 a.m. Defendants pretrial motion deadline extended to 4/15/06. Responses to be filed by 5/5/06. Replies to be filed by 5/15/06. Time excluded to 5/15/06 pursuant to 18:3161 (h)(1)(I). Mailed notice (emd, )


73 Filed & Entered: 11/30/2005 set/reset hearings
Docket Text: MINUTE entry before Judge Blanche M. Manning : Status hearing reset to 1/27/2006 at 11:00 AM. Pursuant to the briefing schedule for the filing of pretrial motions, time continues to be excluded to 3/24/06 pursuant to 18:3161(h)(1)(F). Mailed notice (emd, )


71 Filed: 10/14/2005 Entered: 10/17/2005 status hearing
Docket Text: MINUTE entry before Judge Blanche M. Manning as to all defendants: Status hearing held and continued to 12/16/05 at 11:00 a.m. Time extended to file pretrial motions. Motions to be filed by 2/15/06. Responses to be filed by 3/10/06. Replies to be filed by 3/24/06. Time excluded to 3/24/06 pursuant to 18:3161(h)(1)(F). Mailed notice (las, )


70 Filed: 09/06/2005 Entered: 09/09/2005 order on motion for extension of time
Docket Text: MINUTE entry before Judge Blanche M. Manning : Defendants David Calkins and Sara Wetzel's motions for extension of time to file pretrial motions is granted [68][66]. All other defendants granted leave to join in their motions. Responses to be filed by 11/21/05. Replies to be filed by 12/2/05. Status hearing to stand. Time excluded pursuant to 18:3161(h)(1)(F). Mailed notice (emd, )


66 Filed & Entered: 08/30/2005 Terminated: 09/06/2005 motion for extension of time
Docket Text: MOTION by David Calkins for extension of time within which to file pretrial motions (gma, )


67 Filed & Entered: 08/30/2005 notice of motion
Docket Text: NOTICE of Motion by Daniel M. Purdom for presentment of MOTION by David Calkins for extension of time within which to file pretrial motions [66] before Honorable Blanche M. Manning on 9/6/2005 at 11:00 AM. (gma, )


65 Filed: 07/19/2005Entered: 07/21/2005 order on motion for extension of time
Docket Text: MINUTE entry before Judge Blanche M. Manning as to Custable, et al: Defendant's motion for extension of time within which to file pretrial motions is granted and is joined in by all defendants unless otherwise stated. Pretrial motions to be filed by 9/1/05. Responses to be filed by 9/22/05. Replies to be filed by 10/3/05. Status hearing reset to 10/14/05 at 11:00 a.m. Time excluded to 10/14/05 pursuant to 18:3161 (h)(8)(B)(I). Mailed notice (kmt, )


60 Filed & Entered: 07/11/2005Terminated: 07/19/2005 motion for extension of time
Docket Text: MOTION by David Calkins for extension of time within which to file pretrial motions (gma, )


61 Filed & Entered: 07/11/2005 notice of motion
Docket Text: NOTICE of Motion for presentment of MOTION by David Calkins for extension of time within which to file pretrial motions [60] before Honorable Blanche M. Manning on 7/19/2005 at 11:00 AM. (gma, )


59 Filed: 06/16/2005 Entered: 06/17/2005 transcript
Docket Text: TRANSCRIPT of proceedings for the following dates: 4/18/05; Before the Honorable Sidney I. Schenkier as to Frank Custable, Jr, Sara Wetzel, Suburban Capital Corporation, North Coast Investments, Inc., Robert Luce, David Calkins, Gary Heesch, David Giles, Christine Favara, Bradley Nordling, Jesse Boskoff (emd, )

I don't know. Perhaps he couldn't find anyone. Their website has been down a long time now. http://pacel.com/

WHAT WAS THE OUTCOME OF THE TRIAL?

{"Oh BTW, on 7 April 2005, the District Court in the Northern District of Illinois Eastern Division released a 23-count grand jury indictment against David Calkins and ten others. (Case 1:05-cr-00340). The government is prosecuting them for criminal offenses."}

Pacel Corp Now PCCE.ob
but only for the last couple of weeks

http://tinyurl.com/bbx9s

http://finance.yahoo.com/q?s=PCCE.OB

Q: HOW MANY OTHER REVERSE SPLITS DID THEY HAD LAST YEAR?

WHY IS THIS COMPANY STILL TRADING?

WHY DOES THE SEC NOT SHUT THEM DOWN?

AND THROW ALL THE PRINCIPLES IN JAIL? HUH ??
------------------------------------------------------

Posted by: matrix
In reply to: awakeinthemorning who wrote msg# 68 Date:3/4/2005 12:54:14 PM
Post #69

Pacel is a r/s heavy diluter stock. These types are very dangerous to play.

Stock prices basically move on supply and demand. If there is an endless supply of shares entering the float and extremely low demand, the price will naturally head downward. If these guys would ever stop diluting, the price could recover but they've been doing this same dilute r/s crap for years. So, the best you can ever hope for here is a short bounce before it heads even lower.

You're trying to calculate a marketcap based on a share structure after the last r/s. Of course, that makes the company look very cheap. Now, take into account all the r/s done:

Symbol Split Ratio DatePCOR 1:1000 R/S 02/25/2005PCCL 1:100 R/S 09/13/2004PACC 1:100 R/S 02/25/2004PCEL 1:30 R/S 03/17/2003PLRP 1:100 R/S 04/07/2002PLRPD 1:4 R/S 10/07/1999

1000 x 100 x 100 x 30 x 100 x 4 = 120 billion

One share at .005 today is actually equivalent to 120 billion shares valued at $600M pre-Oct 1999. Ten million today would be equivalent to 1.2 quintillion shares valued at $6 quadrillion. When you account for all those r/s, the company no longer looks cheap at all does it?

-----

Q: What did Ryan Schadel ever find out? huh ??

Press Release for December 30, 2005

http://www.prweb.com/releases/2005/12/prweb326813.htm

UPDATE-Shareholder of Pacel Corp. (PCCN) Requests Confirmation of the Number of Outstanding Shares

This is an update to a release on November 26, 2005 "Shareholder of Pacel Corp. (PCCN) Requests Confirmation of the Number of Outstanding Shares."

Atlanta, GA (PRWEB) December 30, 2005 -- As stated in a release dated November 26, 2005, Ryan Schadel, a shareholder of Pacel Corp. (PCCN), sent a letter to the corporate office of Pacel Corp. requesting confirmation of the number of outstanding shares of the company's common stock (Please see release dated 11/26/05).

"I expected some sort of response by now", said Mr. Schadel. "I have left several messages for company management as well but have received no correspondence. It is imperative that shareholders have access to accurate information regarding the company's capital structure. I have been contacted by other shareholders seeking access to this information as well. The company's stock is still trading at volume levels much higher than the number of outstanding shares the company has reported to the SEC. Under the circumstances, the shares are virtually worthless at this point."

Mr. Schadel says he intends to drive to the corporate office of Pacel Corp. to meet with company management if he does not receive the requested information by January.

------------------------------------------------------------

{"If the company has only 5 million shares outstanding, it seems impossible that nearly one billion shares could change hands in one day."}

Q: Is Pacel Corp one of many being naked shorted into oblivion?
Or just a R/S scammer?

http://www.prweb.com/releases/2005/11/prweb314807.htm

Shareholder of Pacel Corp. (PCCN) Requests Confirmation of the Number of Outstanding Shares

A shareholder of Pacel Corp. has sent a letter to the company's corporate office requesting information regarding the company's outstanding shares.

Atlanta, GA (PRWEB) November 26, 2005 -- Ryan Schadel, a shareholder of Pacel Corp. (PCCN-OTCBB), has sent a letter to the corporate office of Pacel requesting confirmation on the number of outstanding shares of common stock the company has issued.

A Form 8-k filed with the SEC on October 25, 2005 states that "..the registrant completed a 1 for 1,000 reverses stock split of its issued and outstanding common stock. After the reverse stock split, the registrant will have approximately 4,983,442 shares of common stock issued and outstanding."

The company's common stock, which trades under the symbol PCCN on the OTC, has seen a dramatic increase in volume over the last 4 days. Share volume for Wednesday November 23, 2005 exceeded 900 million shares on the OTC.

"If the company has only 5 million shares outstanding, it seems impossible that nearly one billion shares could change hands in one day." said Mr. Schadel. "It is important that all shareholders get an understanding of what is happening with the trading of the company's stock." Mr. Schadel owns several million shares of the company's common stock.

###

1-1000 r/s effective Monday

13:35 06/20/2005 PCLL Pacel Corp. Common Stock PCCR Pacel Corp. New Common Stock 1-1000 R/S **

http://www.otcbb.com/asp/dailylist_detail.asp?d=06/17/2005&mkt_ctg=OTCBB

How did things turn out for you here dude? You pumped this stock as having such great potential for a nice run up then mysteriously disappeared. The price went the other way instead and has been sitting at .0001. Told ya so.

Oh BTW, on 7 April 2005, the District Court in the Northern District of Illinois Eastern Division released a 23-count grand jury indictment against David Calkins and ten others. (Case 1:05-cr-00340). The government is prosecuting them for criminal offenses.

I'm out as of yesterday, after I sold it showed signs of hope (.0054x.0055) I guess they didn't feel like dumping for a day. That's the trick with these, they do get their pops and runs but I'm out for at least right now. I see the 1,450,000 at .004 at 12:15 - a sell under the bid (I'm guessing). That's $5,800 in someones pocket, good job to have I guess - do that 5 or 8 times a week. Good luck to all, there could be a turn around but I have other plans fo my $$$ right now.

I'm out!

awake -

here's some reading regarding reverse splits and put that in context with the history of Pacel => the conclusion is up to everyone's interpretation whether Pacel fits the described scenario.

http://www.faulkingtruth.com/Articles/Investing101/1010.html

Excerpt:

7. Restrict reverse splits. This is extremely important. If an individual files for bankruptcy, he or she can't declare bankruptcy again for seven years. Why should a publically traded company be any different? One reverse split is one too many, in my opinion, but multiple reverse splits should be against the law. The most corrupt companies sell hundreds of millions (or even billions) of shares of stock on a regular basis, then declare a reverse split, in effect reducing the number back to near zero, and promptly sell another billion or more shares into the market. In the world of OTC stocks, reverse splits are almost always the kiss of death, especially when they are followed by another round of dilution. I could name a dozen companies off the top of my head that do this for a living (and there are dozens more), but I'm sure every investor has at least one that they've been burned on. Fill in your favorite ripoff company's name here.

8. When a company does declare a reverse split, reduce the number of authorized shares accordingly. In other words, if a company has 500 million authorized shares available, and they sell them all to keep the company afloat, they shouldn't be allowed to declare a reverse split and start all over again. If they are truly declaring a reverse split to reduce the float (say, by enacting a 10 to 1 reverse split to reduce the number of shares to 50 million), then the authorized shares should be reduced proportionately. If they only care about freeing up more shares to sell, let them go to the stockholders for approval.

End Excerpt

Again, it is NOT a given that authorized shares are reduced by the r/s ratio unless corporate by-laws state this explicitely of state law requires it. And given the fact that Pacel has gone through several r/s without reducing the # of authorized shares it is safe th assume that it wasn't the case this time around.

You pointing to the r/s announcement does NOT indicate the reduction in a/s only in o/s and p/s.

Cheers

It is available at the company why else do you think they did do this RS 1:1000?
Better buy now and make some money.
6 cents is not that far away you know I could tell you that it is this week but I think you would not believe me.
Btw my info is also on:
http://knobias.com/individual/public/index.htm
Type: pcll
look at the bottom.

You're posting o/s and a/s. I asked for the total number of open short positions. Since you claim there could be a squeeze here, you should be able to provide the number of open shorts as your basis.

BTW, as I previously showed, the SoS shows the a/s is still sitting at 10 BILLION here.

https://esos.state.nv.us/SoSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?CorpID=475964

Authorized Shares: 10,000,000
Source: Stock Split ( 02/25/2005 )

Outstanding Shares: 1,204,667
Source: Stock Split ( 02/25/2005 )

Please post the total number of open short positions here and the source. You do know it right?

A short-covering eruption could trigger a sizeable squeeze that could take the stock higher quickly and with news it could be Spectacular.
The RS 1 : 1000 should be good for something.

Many shares were sold for a higher price, where does the money go?

Unfortunately, the majority does not go into the company itself. A lot will go into the pockets of insiders, consultants, financiers, day/swing traders, and paid promoters. Others can get a piece of the pie too if they learn to play the price swings.

Nevada SoS' database shows the authorized for Pacel is still sitting at 10 billion.

https://esos.state.nv.us/SoSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?CorpID=475964

A reverse split only effects the outstanding not the authorized. It is totally optional for a company to lower the authorized when doing a reverse split. Some companies do lower it, some actually raise it, but most keep it the same.

Awake - I think the math makes the 10 billion to become 10 million - (10,000,000) because 1 billion is 1000 million. But I have to agree with Klaus in post #73 and Matrix in #86 - the A/S could just have stayed the same. Say there were 9 billion O/S at the time of the split, that becomes 9 million but was probably quickly diluted with the dumping of new shares right away, raising the O/S. They can keep dumping until they get to 10 Billion again.
I tell people that I trade penny stocks and they think it is some kind of "little game" until I fully explain it. CMKX just noted that thay have 700+ billion shares O/S (I think).
700 billion x .0001 = 70 million dollars! Many shares were sold for a higher price, where does the money go? The trick is to get a piece of that pie instead of contributing to it LOL.
OK - correct me if I'm wrong but QBID was GAAY and was something else before that, a R/S "repeat offender". After it became QBID it was diluted down to .0001, about where the next reverse split usually occurs - but there was no R/S. There was rumor, news, and a turn around. it ran to the .0025 area, evetually broke out at .0038 or .0045 or whatever and was .027 within days. I know because that was my first run and it blew my mind and actually became a deficit to me - too much money too fast but I guess things could be worse. GLTA

The Stochastic chart on the bottom shows are quadruple bottom at the zero level, which is considered a low risk entry point in the stock.
http://stockcharts.com/def/servlet/SC.scan?s=TSA[t.t_eq_s]![t.e_eq_n]![as0,20,tv_gt_40000]![yn_eq_1]

To: ir@pacel.com <ir@pacel.com>

Good day!

I haven’t seen any news on PCLL lately.

Can I expect some news soon?

I have seen your reverse stock split 1/1000 and my question is are you still in business and what is the AS and the OS now?

Kind regards,

Hans.

I say 6 cents is on the corner:

http://www.stockta.com/cgi-bin/analysis.pl?symb=PCLL&mode=table&table=fib&num1=5&mod...

As part of its change of corporate domicile from Virginia to Nevada, as described in Section 8 of this Report, the registrant increased its authorized capital stock to 10 billion shares of common stock, par value $0.001. The registrant's authorized preferred stock remained at 5 million shares, par value $0.001. Information regarding the increase in the authorized capital stock was contained in the registrant's definitive Information Statement filed December 27, 2004.

With the RS 1-1000 the AS now = 100.000.000

Companies are not required to modify the a/s when r/s'ing the o/s. It's totally optional. In most cases I've seen, they kept the a/s the same.

Having an "E" appended to the symbol doesn't mean dilution must stop. A company can no longer file future S-8 registrations though until they get their filings up-to-date. They can still use other ways to dilute.

I agree it sucks. Unfortunately, there's no federal law prohibiting a company from doing repeat r/s. AFAIK, there's no state laws for it either. You can get mad at the SEC, but they're powerless because there's no laws against this for them to use.

Exactly... they have to modify their Articles of Incorporation after the R/S, just as I wrote. The R/S modified both A/S and O/S, and for them to continue the dilution, they need to modify the Articles of Incorporation first. If they have an "E" appended when they R/S, then it appears that they can't do that, or any dilution until the "E" is removed, although I have not confirmed this. Example is GLKCE.

You haven't been in enough r/s then. A lot of times these companies will keep their a/s the same after doing a r/s. They do have mod their articles of incorp if they want to raise or lower the a/s.

I would love to hear the figures from the TA...

Until the SEC gets off their A$$, and actually does something about it, you will continue to see the legalized fraud that this represents.

I have never had a stock R/S while I was long, thank God.

But, I've certainly played numerous R/S POS stocks after the R/S.

Very risky play, but also potentially very rewarding.

I played GLKCE very well. It had a similar story, but without the post-R/S dilution I think we have here...

True "if" there is no excessive dilution. I suspect there is already some dilution occuring. Where else is NITE getting all those shares they've been selling for the last 3 days.

I'm long, but I make no allusions that dilution isn't occuring. The key is that, hopefully, not much is occuring yet...

Not true. I've played a lot of R/S POS stocks after they R/S, and things have settled, and the A/S was always adjusted. The company has to then change their Articles of Incorporation to increase the A/S after the R/S.

I'm not a past investor here. I'm just watching to see how long the system takes to shut it down. I've watched a bunch of folks though lose their money in this stock. The only investors who might recoup some losses are the current crop because each r/s done raises the price point for breaking even.

These heavy diluters are really hard to play. You never can tell when they will temporarily turn off the spigot to allow the price to bounce. If they do, it doesn't last very long before they turn it back on. The next r/s may not happen for awhile with the a/s sitting at 10 billon.

Good luck in playing.

matrix, That would make me a lazy due diligence investor nevertheless I applaud your comments although they are perhaps not unbiased as being a previous past investor.
Your comment is duly noted and appreciated as I start to learn something here.
I hope for some more news from the company for a respectable bounce up and that might well be 5 cents.
Attractive enough maybe to recap some of the losses to previous investors?

I recommend you go back and read older PRs. This company has released great news before and hasn't generated previously projected revenues.

Current marketcap is a useless measure. As I've already shown had they not r/s the o/s would be 1.2 quintillion today and growing. Although you choose to ignore history, the marketplace does not. Years of burning investors is not easily erased and accounts for the very low demand here.

You may think they have great potential based on their latest stories and a marketcap using a severely r/s o/s. Reality is it's all part of a game to help attract new investors like you to absorb the endless stock dumping. Sometimes these heavy diluters though will have nice short-term price bounces to play. If you hold long-term here more than likely you will get burned just like most of your predecessors have.

http://www.stockta.com/cgi-bin/analysis.pl?symb=PCLL&mode=table&table=fib&num1=5&mod...

KlausVT, thank you. I have this: Gary Musselman, President of Pacel, stated, "the funds that Compass Capital Group provided, allowed us to close our last acquisition, Rossar, LLC, and fund our corporate reorganization. This reorganization established Asmara Benefit Services, Inc. as our licensed insurance agency, Piedmont HR, Inc., as our Risk Management and Safety Analysis, and The Resourcing Solutions Group, Inc, as a PEO/ASO company that will shortly be directly competing with leaders in the PEO industry. This capital infusion has allowed the company to proceed with our plan become a leading force in the Human Resources Outsourcing Industry."


Maybe just maybe they will become a leading force in the Human Resources Outsourcing Industry

$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

You have to take risk...

awake -

your calculation is based on the mistaken assumption that the authorized shares have been reduced by the r/s ratio which is NOT true. It still remained at the pre r/s #. Hence the potential for severe dilution. It's only true for the OS at the moment as the OS are, of coures, reduced by a factor of 1000. Given the company's history of continuous dilution you can draw your own conclusion where the OS will be in a short while.

I think that's what is reflected in the current p/s. And who knows, how many shares were dumped right after the r/s.

Cheers

Thank you for your contribution is this debate; my conclusion is that it is a hell of opportunity pictured wisely with your writing:
“Good news coupled with a selling stop” that would be the ingredients for an instant peak towards much higher levels.
Anything can happen and I do not see this going down more.
With an investment of $25.500, - you can phone them and say: Hello I am the new boss.
Wow; could that be possible?

Awakeinthemorning, My opinion and experience tells me there ARE more shares, a few days ago (when I first bought some) it was trading like there was more demand than supply for that day (or else MM's created that illusion) I fell for the trick and bought. By the next day the price dropped as NITE stayed in control, I saw the 4 million and 1 million sells just under the bid (at 1:27 and 1:29pm) along with other big sells, that's the dilution already. I thought they need to file to issue more, I don't know if that's always the case - I'm still learning all this. Not much money involved for me here so I did the common mistake, averaged down at .007 as it looked to have bottomed. OK, fine, now I wait but my patience will wear thin soon...as long as they dillute it will go down, good news coupled with a stop or slowing down of dilution could create an awesome little run. Like I said, not much money in this one so I was able to study it without all the negative emotions. I watched NITE stay well over the other MM's when he could - that gave him room to totally contol the pps. I could go on and on but I think I already have. The transfer agent never got back to me. The bright side(?), these are pennies stocks - anything can happen.

Thank you for your reply, nevertheless you take the Milky Way based on a valuation in the past but my today’s current valuation remains valid:
So, my math is correct the company now has 10.000.000 shares. Correct 10.000.000 x ½ penny = US$50.000, -. Correct
Certainly in the light of some recent developments this is not the same company from the past.

Because there are NO more shares now.
Correct me when I am wrong.
Pacel now has clients in 11 states with annual gross billings in excess of $41 million.
Can you calculate a market cap based on a share structure?
Now it is 10.000.000 shares valued at $50.000, -
I think it will go up towards 2 – 5 cents.
Please let me have your input.
Thanks.

Pacel is a r/s heavy diluter stock. These types are very dangerous to play.

Stock prices basically move on supply and demand. If there is an endless supply of shares entering the float and extremely low demand, the price will naturally head downward. If these guys would ever stop diluting, the price could recover but they've been doing this same dilute r/s crap for years. So, the best you can ever hope for here is a short bounce before it heads even lower.

You're trying to calculate a marketcap based on a share structure after the last r/s. Of course, that makes the company look very cheap. Now, take into account all the r/s done:

Symbol Split Ratio Date
PCOR 1:1000 R/S 02/25/2005
PCCL 1:100 R/S 09/13/2004
PACC 1:100 R/S 02/25/2004
PCEL 1:30 R/S 03/17/2003
PLRP 1:100 R/S 04/07/2002
PLRPD 1:4 R/S 10/07/1999
1000 x 100 x 100 x 30 x 100 x 4 = 120 billion

One share at .005 today is actually equivalent to 120 billion shares valued at $600M pre-Oct 1999. Ten million today would be equivalent to 1.2 quintillion shares valued at $6 quadrillion. When you account for all those r/s, the company no longer looks cheap at all does it?

I think I might be right with a strong and very high rebound on PCLL because right now the price is ridicules low but I am sure although I have read every filing and that I am missing some crucial information that it should be valuated much higher very soon.

The 1 for 1000 reverse stock split should affect a little more than only ½ a penny.

-Quote-

As part of its change of corporate domicile from Virginia to Nevada, as

described in Section 8 of this Report, the registrant increased its authorized capital stock to 10 billion shares of common stock, par value $0.001. The registrant's authorized preferred stock remained at 5 million shares, par value $0.001. Information regarding the increase in the authorized capital stock was contained in the registrant's definitive Information Statement filed December 27, 2004.

-Unquote-

If my math is correct the company now has 10.000.000 shares correct?

10.000.000 x ½ penny = US$50.000???????

Monday , January 03, 2005 15:07 ET
Pacel Corp (PCOR) announced that it has acquired certain assets of Rossar HR LLC d/b/a YourStaff Solutions(TM), a Pennsylvanian limited liability company. YourStaff Solutions(TM) specializes in quality human resource management services and guidance for small to mid-sized businesses. The company has averaged billings of $11 million over the last four years


Monday , January 03, 2005 15:04 ET
CHARLOTTE, N.C., Jan 3, 2005 (BUSINESS WIRE) --Pacel Corp (OTCBB:PCOR) announces that it has acquired certain assets of Rossar HR LLC d/b/a YourStaff Solutions(TM) (YourStaff Solutions(TM)), a Pennsylvanian limited liability company.

YourStaff Solutions(TM) is a Professional Employment Organization (PEO) founded in 1987 originally as YourStaff Inc. by President and CEO Marcia J. Sartoti. The company specializes in quality human resource management services and guidance for small to mid-sized businesses. The company has averaged billings of $11 million over the last four years, making it an impressive industry leader. YourStaff Solutions(TM) currently services 17 U.S. and International clients which will add a significant number of work site employees to Pacel's already growing employee base. Pacel now has clients in 11 states with annual gross billings in excess of $30 million.

I just emailed the transfer agent (Transfer Online)to see if I can get the share count. NITE seems to sure have a boatload, the churn has been on for 2 days now.

Hello, anybody home?

1-1000 r/s effective 25 Feb 2005

13:30 02/25/2005 PCOR Pacel Corp. Common Stock PCLL Pacel Corp. New Common Stock 1-1000 R/S **

http://www.otcbb.com/asp/dailylist_detail.asp?mkt_ctg=OTCBB&d=02/24/2005