PCBM short squeeze - 500 Beiträge pro Seite

[dirkbe]

PCBM shareholders are writing history. More than 300 shareholders have demanded a "paper call".
This means they want their brokers to actually deliver their certificates to stop the stock from
being shorted. This is the first time in OTC history !

As the MM will have to start covering their short positions this could lead to a short squeeze.
PCBM is now trading at 0.14. The 52 week high was $0.6

Take a look at the PR:


PCBM Shareholder’s Group Demand Certificates To
Eliminate Short-Selling

Unified Group Of 363 PCBM Shareholders Seeks Venue In
Which To Preserve OTCBB Investments

AMARILLO, TX
-- (INTERNET
WIRE) --
09/07/2000 -- A
group of 363 individual shareholders of Pinnacle Business Management
Systems [OTCBB: PCBM], organized as the PCBM Shareholder’s Group, has
completed their effort to request all of the "float" shares into certificate form,
according to Jeff Andle, spokesperson for the group. "Mr. Andle’s statement is
based on the collective reporting of the group of shareholders and the best
available estimates of the available free-trading shares, as well as certificate
requests of 10.5 million shares by a single investment fund anchoring the effort,"
said Bill Kinkead, legal counsel for the group.

"One has to assume that based on SEC filings and other public documents that
there are 29.5 million free trading shares in circulation," said Andle. An additional
11.6 million shares are believed to be frozen in certificate form; these additional
shares being associated with the retirement of 105 million shares discussed in
PCBM’s press release dated July 21, www.pcbm.com/press/000721.html, and
Gordon and Associate’s press release on the same date,
www.pcbm.com/press/000721b.html).

Further to this effort, individuals within the PCBM Shareholder’s Group have
collectively requested certificates on at least 6 million additional shares that are
expected to be undeliverable by brokers and clearinghouses. The resultant
"paper call", according to Kinkead, is expected to have dramatic consequences
on several broker-dealers and market makers that are believed to have enacted
trades in which their clients sold the stock short. Additional certificate requests
are anticipated by members of the PCBM Shareholder`s Group, above and
beyond those reported in this release. "Litigation may eventually be necessary to
preserve the rights of several thousand shareholders of PCBM who are unable to
obtain certificates for their shares," said Kinkead.

This action was taken by the Shareholder’s Group in response to a perceived
short position of at least 40 million shares. Initially, starting June 19, 2000, the
shareholders attempted to "buy up" the float; the effort met with increased selling
pressure. "In conjunction with this effort, the company asserts that it has not
increased the number of free trading stock certificates, which leads the
shareholders to assert that short selling is still occurring," said Andle.

As a result, the Shareholder’s Group determined that the removal of shares into
certificate form would be necessary in order to stop the short-selling. Today`s
announcement culminates a two-month effort by a loosely confederated group of
over 200 individual shareholders in the US and Canada and another 163
individual shareholders in Belgium.

Shareholders within the Group contend that they collectively own over 82 million
shares while the company states that only 42 million free trading shares exist.
The effort to request all of the company`s stock into certificate form was severely
hampered by two factors. (1) The Belgian shareholders claim over 16 million
shares; however they uniformly report that obtaining certificate form paper on US
stocks is difficult.

(2) More serious are the strict constraints associated with IRA accounts.
Demands for certificates from IRA`s are treated as a premature withdrawal and
are potentially subject to strict tax consequences if not returned within 60 days.
"This effort has indicated that shares held in IRA`s are unwittingly offering a "safe
haven" of almost untouchable stock in "street name" against which market
makers and large institutions can sell short," said Kinkead.

According to Andle, this is one of many stocks on the OTC bulletin boards that is
facing heavy short selling and the efforts by the PCBM Shareholder’s Group
prompted similar efforts at Finder’s Keepers [OTCBB: FDKP], Titan [NYSE: TTN],
and may be expected to generate similar efforts in other stocks suffering from
perceived shorting.

About Kinkead Law Offices and the 363 member PCBM Shareholder`s Group:

Kinkead Law Offices is located at 6937 S. Bell, Suite G, Amarillo, TX 79109. Bill
Kinkead, managing attorney of the firm, may be contacted by mail at that address
and by email at [e-mail]. The Firm maintains a website at
www.billkinkead.com/pcbm to provide information and a forum for the 363
member PCBM Shareholder’s Group and other PCBM shareholders worldwide.
Telephone inquiries should be directed to [phone].

Safe Harbor for Forward-Looking Statements:

Except for historical information contained herein statements in this press release are forward-looking
statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of
1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause
the company’s actual results in the future periods to differ materially from the forecasted results. These
risks and uncertainties, include, among other things, product price volatility, product demand, market
competition, risk inherent in the company’s domestic and international operations, imprecision in
estimating product reserves and the company’s ability to replace and expand it’s holdings. This press
release is based on the best available data and is subject to potential errors of reporting or counting.

Contact: Bill Kinkead
Company: Kinkead Law Offices
Phone: [phone]
Email: [e-mail]
URL: http://www.billkinkead.com/pcbm

[dirkbe]

From www.marketlegends.com

Pinnacle Business Management (OTCBB: PCBM - news) commenced operations
in 1996 in Florida. A holding company focused on a broad and deep expansion
across many markets, PCBM operates Fast PayCheck Advance, a firm that offers
individuals secured short-term loans and is licensed to operate in nine states.
The news about the short squeeze is spreading at a very fast pace!

Recently PCBM agreed to aquire a group of companies in Pittsburg Pa. including
an Area Auto dealership, At&t wireless provider, and an NEC telecommunications
distributor.
Today in the late afternoon there was a press release thru "internet wire" about
a group on shareholders trying to "certify" the number of shares in the company`s
float. They are requesting to see certificates of the stocks in question resulting in a
"paper call". They claim that the price of the stock has been met with selling
pressure despite heavy buying and want an accurate accounting of the stock in
circulation. The price of PCBM took off in the last hour of trading after the PR before
profit taking set it slightly back. This is certainly a unique effort in holding MM`s and
the company accountable for reported shares in a float. The last 3 day`s volume on
the stock have been extremely heavy. As word tonight undoubtably spreads
through the message boards, we believe this will bring much attention to this stock
action tommorrow.
Put this one on tommorows stock watch (= Friday 9/8/2000).

Personally I think you`d better watch PCBM at least the next two weeks!!

[Diva]

Hallo Dirk,

I will watch it, thanks for the informations

regards

Diva

[dirkbe]

You`re welcome, Diva

More info regarding PCBM`s latest PR of Wednesday, Sep 6

As you probably know PCBM acquired a new company in Pennsylvania.
Based on this acquisition PCBM could have a fair share value of $0.47 to $0.59

PCBM acquires $12M assets on 85M share OS is a book value of 15 cents.
$4-5M of earnings before taxes is .047 to .059 EPS,
so even at a P/E of 10, that`s a 47 to 59 cent stock.

Even without verifying that share retirement has or does occur, that is still 5-10 cent book and
15-30 cent immediate value. Throw in the implications of the revenue stream and banking
alliances from the deal into the core business and it just keeps getting better.

Here`s the PR to back up the story

Wednesday September 6, 10:14 am Eastern Time

Press Release

Pinnacle Business Management Expands Focus With Auto
Mall Acquisition

Holding Company Takes Control of Successful Pennsylvania Business

CLEARWATER, Fla. & PITTSBURGH, Pa.--(BUSINESS WIRE)--Sept. 6, 2000--In the first step
in its development as a multi-industry, multi-market holding company, Pinnacle Business
Management (OTCBB: PCBM - news) has entered into a letter of intent to acquire the All Pro group of companies, a Pittsburgh, Pa.
area automotive dealership, AT&T Wireless provider and NEC telecommunications distributor.

Under terms of the $19.5 million deal, PCBM will acquire All Pro group of companies (located on Route 19 South in the Western
Pennsylvania community of Peters Township) from the private firm of Lo Castro & Associates. According to PCBM president Bruce
Hall, the deal includes $12 million in hard assets. Also, as a part of the transaction Lo Castro & Associates founder Vincent Lo Castro
will become a board member of PCBM.

[dirkbe]

3 more MM`s. Total now 24!
7 of them have an ASK of +$0.2 already