ADRE --from 5 cents to 12 cents july 15,1998 Message Board

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Microcap & Penny Stocks : ADRE --from 5 cents to 12 cents july 15,1998

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To: francis terry who wrote (192)	12/21/1999 5:34:00 PM
From: JOE TURMAINE	Read Replies (1) of 216

Francis, this one?? Hi Terry: By all means, pls make copy and post it on SI. The volume we are seeing as I see it could be due: 1. Individuals slowly taking a position or averaging down. 2. Institutions who put in a low bid out there to scare some of the shareholders into selling. Whatever the case, I believe we will see this stock slowly move up to the level at which the creditors are converting to stock. If it makes this move to this level, this is a pretty good signal that Audre is emerging out of bankruptcy soon. Audre was worth at one point I believe $100-125 million dollars with debt and no real revenues. Audre at this moment in time will have no debt to speak of and proven revenues. Makes sense to me that this would make this stock easily trade up to $1-$1.25 level. Will probably be more (I hope it does) if you factor the emotion and hoopla that will ensue if and when Audre gets out of bankruptcy.

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