THE NEW PNC TELECOM

Yes The 7th Duke of Corn, it is. What's more I've explained my suspicions regarding the secret offshore company "Formal Property Management Services Ltd" (what have they got to hide?), quite simply they own the shares but have written short CFDs over them and hence have no economic exposure to the shares.

Because, afterall, anyone buying at these levels would have to be mad. Why pay 1.5p when if you just become a "friend of PNC Telecom" then you too will be able to buy shares at a mere 0.1p as are the other "friends of PNC Telecom" that have bought them and then dumped them onto the market. And why pay 1.5p for shares of a company whose fully diluted net asset value per share is approcimately 0.11p?

regards

JakNife