whpos35 on Tue, 13 Nov 2001 01:49:02 +0100 (CET) |
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[Nettime-bold] Stock Market News - PPIM |
Stock Alert Newsletter PPI Capital Group, Inc. Symbol: PPIM Exchange: OTCBB Recent Price: $2.50 52 Week Range: $1.00 - 6.25 Shares Outstanding: 11.9 million Estimated Float: 1.5 Million PPI Capital is a financial technology company with a unique twist. They are the operator of Direct Placement, Inc., the acknowledged leader providing information on PIPE offerings, as well as an investment banker handling those securities. A PIPE is when a company sells a block of stock to investors privately, often at a discount from the market price. In today’s slow economy, many public companies are willing to give up a few dollars in order to raise money quickly. Because of this, bigger names are flocking to the market, along with major mutual funds like Fidelity and Franklin Templeton. So far this year, there have been $64 Billion in PIPE financings, compared to $58 Billion in all of 2000, up from $12 million as recently as 1998. On October 8, PPIM announced that they were acquiring a California brokerage called PCH Securities. They expect to use PCH as a vehicle to buyout other stockbrokers while prices are currently depressed. Due to this aggressive strategy, we believe that the company is about to make the turnaround into a well-known, profitable firm. Since PPI Capital only went public in June, this is the first time they have been featured in a stock market write up. This gives Stock Alert readers a “ground floor” opportunity. PPI has a float of just 1.5 million shares, so a relatively small amount of buying could move it up substantially. We believe PPIM is attractive at prices up to $4, looking for the stock to retest the $6.25 peak reached in June. Read a feature story from Forbes: CLICK HERE http://www.forbes.com/best/2001/0910/012.html Read a feature story from Business Week: CLICK HERE http://www.businessweek.com/bwdaily/dnflash/jul2001/nf20010711_909.htm To Subscribe to Future Communications - Click Here: mailto:sungoldus44@uol.com.co?subject=Sub-PPIM To Unsubscribe from Future Communications - Click Here:mailto:sungoldus66@yahoo.com?subject=Exlude-PPIM Disclaimer: The publisher of Stock Alert Newsletter has received a fee of 5000 shares of PPIM from a shareholder, and may buy or sell shares at any time. Network Media Services provides an e-mail delivery service on behalf of securities issuers and publishers that circulate information about a company or the company’s securities. The publisher of this newsletter has agreed to pay Network Media Services ten thousand dollars as payment to circulate this newsletter via electronic mail to e-mail addresses contained in Network Media Services database. To read entire disclaimer, please click here: http://dyzklay77.tripod.com.co/index1.html _______________________________________________ Nettime-bold mailing list Nettime-bold@nettime.org http://amsterdam.nettime.org/cgi-bin/mailman/listinfo/nettime-bold