Escala Group, Inc Message Board

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Technology Stocks : Escala Group, Inc

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To: Glenn Petersen who wrote (146)	5/10/2006 12:04:01 PM
From: Robert T. Quasius	Read Replies (1) of 160

I got out of ESCL a while back after they renamed the company and some Spanish executives from AFINSA took over. AFINSA's business model has always made me nervous, but I previously saw nothing wrong with Greg Manning's operations. However, with the name change, top leadership change, and relocation of the corporate HQ to a pricy area of Manhattan, I took a nice profit and exited. I haven't seen any indication that the scandal extends into the U.S. operations. It seems that Escala in the U.S. was used for buying and selling activities, not the ponzi scheme. If AFINSA unloads the shares it could depress the price and create a buying opportunity, but it is way too early for me to re-enter now. Also, AFINSA served as an outlet for Greg Manning, so any you cut it the news is negative for ESCL.

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