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Microcap & Penny Stocks : AWLT wines and gourmet food - Italy Direct

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To: Due Diligence who wrote (17)10/30/1997 6:54:00 PM
From: Greg Wilder  Read Replies (2) of 2595
 
Here's an email that I received from the president of AWLT, Mr. Landi. The interesting points are about Mark Shultz, and the short sellers. Wonder if there any any naked shorters out on AWLT like OVIS/RMIL, EUTO, or BANY.

=========== Text of Message ============

Mr. Wilder,

A little information, simply because we don't want to get tarnished by
someone else's lousy reputation:

Mark Schultz was introduced to Araldica in mid-1996; made some
commitments to the company; reneged on them shortly thereafter, at which time (about year end 1996) we disassociated ourselves from him and any "further assistance".

We'd like everyone to evaluate us on our performance over time: ignore
everyone's hype; and even ignore our battered stock price.ÿ Someday, we can only hope it is soon, it should be back above the $1.00 level where it belongs (in our opinion) -- perhaps after the short sellers get sufficiently burned playing with us.

Frank J. Landi, President
Araldica Wineries, Ltd.
2 Hamilton Ave
New Rochelle, NY 10801

Phone (914) 636-0500
Faxÿÿ (914) 636-0518
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