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I know this stock has a shakey history, but may be a nice play to at least double or triple your money. Pretty nice PR released this morning and sitting at .0002 right now. The chart shows that it can easily go to .0004-.0005 and if lucky maybe a bit higher. Might be a nice short hold. Any thoughts?
PACEL Corp. 10Q Demonstrates Continued Improvement Monday May 22, 10:33 am ET
CHARLOTTE, N.C., May 22 /PRNewswire-FirstCall/ -- PACEL Corp. (OTC Bulletin Board: PCCE - News) filed its first quarter 10QSB, for the quarter ending March 31, 2006, on May 19, 2006. First quarter results show continued improvement started in 2005. ADVERTISEMENT
PACEL acquired United Personnel Services, Inc. in March 2006 and closed the acquisition of World Wide Personnel of Maine, Inc. effective April 1, 2006. Results of the purchase of World Wide will show further improvement in the second quarter of 2006.
Gross Profit for the first quarter increased approximately 13%, operating expenses were reduced by 34% and the bottom line has a virtually a $1 million improvement over the same time period in 2005.
In May 2005, PACEL significantly restructured its internal operations. Several underperforming contracts were sold and administrative overhead was significantly reduced. First quarter results for 2006 clearly demonstrate the positive impact of this restructuring.
"PACEL results and direction are clearly improved over a year ago," stated Gary Musselman, President/CEO of PACEL Corp. "Our management team and staff are committed to expanding and growing PACEL both organically and with future acquisitions. We are confident the company is headed in the right direction and that we will continue to show improvement."
Cautionary Statement for the Purpose of Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995: Forward-looking statements in this news release are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Certain important factors could cause results to differ materially from those anticipated by forward-looking statements, including the impact of competition, the success of existing and new product releases, the management of our growth, and other factors discussed from time to time in reports filed by the company with the Securities and Exchange Commission.
Rex
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lol. Reigning Heavy Weight Champion of the World of Reverse Splits. Proceed with caution.
cactus33
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is it back at .0002 hmmm.. maybe a nice double.. i got a double on this pos a while back.. i dont know.. man this thing is a pos.. its unreal.. it really is..
JerZeyDeViL
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Yeah....not saying this is a hold. Just think it may be a nice stock to hold for a few days and try to double up. Chart shows that it loves hanging out at the .0004-.0005 area for some reason. I'm gonna try to get in tommorrow at .0002 if they let me =)
cactus33
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thats when it was being heavily day traded.. it may get that hype again to go to .0005 again but, their are a lot of bagholders here.. i can think of better risks
Johnwayne
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God help us. Somebody kicked this old dog in the ribs? Better off to let this old flea bag sit in the corner and lick his nuts all day.
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