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PACIFICNET INC Message Board

  • leitchs leitchs Feb 18, 2006 4:45 AM Flag

    Fully out with nearly 100K gain!!!!

     

    This thing is so predictable!!!! In for 100K shares averaging $6.99. Out averaging 7.98!!!

    What money machine Pact is becoming!!

    Now that I have sold let's get this baby back into the $6s for some more buying. Right after earnings (assuming Pact doesn't delay or post after they say they are going to) is historically the best time to buy as it ALWAYS tanks after earnings are announced!

    I can't figure out what the h*ll generator is doing.... I feel bad for him. He is long and short and then long and short. He can't figure out when to sell and when to go short. Now he is threatening to beat up people on a yahoo message board. I think he has hit rock bottom now.... SELL and buy back cheaper buddy!!!!

    Good Luck.!

    This topic is deleted.
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    • Why are you so upset "stupidest of the sock puppet characters"? (LOL).
      Isn't this what you and your alter-ego goons wanted when you began your program of insults on this board? (LOL)
      Has being the butt of the joke not all you expected it to be? (LOL)
      Has being singled out as one poor wannabe-player (Ank) posing as a troop of miserable, misspelling cretins not been as fulfilling as you imagined it would be?(LOL)

      The real joke here is the constant insistence by your pack of musty sock creatures, that somehow money/success/accumulation (real or imagined) makes you superior in any way. Your small-dicked habit of wanting everyone to recognize and admire you, as well as credit you is beyond pathetic. Your inability to find fulfillment in the real world has you resorting to demanding recognition from strangers. If I could stop laughing at you, I might actually feel pity. You're a grown man who would still be on his mommas sagging tit if he could....LOL!

    • <<Now that we know your true identity why do you go back and play with your sock puppets. You sure seem to know allot about sock puppets! lol>>

      I "play" with you sock puppets every day. If you truly were individuals, then the divided IQ share would put you at about 10 points each.

      Usually after the first few attempt at "witty" comebacks, you revert to foul-mouthed playground screaming. I expect no less this time around. Eventually, you all go into hiding until you think it's safe again.LOL

      Thanks for the "allot" error ktyde/Ank. your trepidus grasp of the English language is your defining fingerprint and common shared element in all of your ignorant posts. LOL

    • you got it--buckle up--its GO TIME!!

    • I specifically like this wording,

      "We believe that this additional capital will allow us to continue our rapid growth in our target markets," said Victor Tong, PacificNet's President. "We believe the investment will further our current initiatives such as iPACT, iMobile and ChinaGoHi and greatly enhance our customer base, revenue, profit, and our shareholder value."

    • sounds good to me with that conversion price of $10/share and additional options at $12.

      Institional investors betting it will get there and beyond.

    • Holy crap! $10 share....and warrants at $12.20....these institutions must think pact is gonna fly!!!

    • - Company to Issue $8 Million Senior Convertible Notes to Institutional Investors with an Initial Conversion price of $10.00 Per Share -


      HONG KONG, Feb. 28 /PRNewswire-FirstCall/ -- PacificNet Inc. (Nasdaq: PACT - News) a leading provider of Customer Relationship Management (CRM) and telemarketing services, call center, Direct Response Television (DRTV) and Value-Added Services (VAS) in China, announced today that it has entered into definitive agreement for the private placement of $8 million Senior Convertible Notes with several institutional investors. Proceeds from the financing will be used to provide the Company with additional working capital to expand its telecom value-added services (VAS), business process outsourcing (BPO), and CRM operations, and to make further synergistic acquisitions in China along with working capital and for general corporate purposes.

      The $8 million aggregate face amount of the Company's Senior Convertible Notes has an initial conversion price of $10.00 per share. The investors were also issued warrants to purchase 400,000 shares of the Company's common stock at $12.20 per share, subject to certain anti-dilution provisions. The interest rate on the Note will be set at 5%, 6%, and then 7% for the first, second, and third year, respectively.

      C.E. Unterberg Towbin advised the Company and acted as lead placement agent in this transaction.

      "We believe that this additional capital will allow us to continue our rapid growth in our target markets," said Victor Tong, PacificNet's President. "We believe the investment will further our current initiatives such as iPACT, iMobile and ChinaGoHi and greatly enhance our customer base, revenue, profit, and our shareholder value."

      PacificNet has agreed to register the shares of common stock issuable upon conversion of the Senior Convertible Notes and upon exercise of the warrants for resale under the Securities Act of 1933, as amended. The securities have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration under such act and applicable state securities laws or an applicable exemption from those registration requirements.

    • Now that we know your true identity why do you go back and play with your sock puppets. You sure seem to know allot about sock puppets! lol

    • I guess Ank had to do something with the matching sock. LOL.

      Speak to us in the same broken illiterate English cat-gal. Confirm that you too are from Ank's bastard puppet litter.

    • seems like he is! lol

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PACT
7.240.00(0.00%)Mar 27 4:00 PMEDT

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