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Microcap & Penny Stocks : ACRT about to move to new highs
ACRT 0.110-7.6%Dec 30 4:00 PM EST
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To: Goulds who wrote (3873)3/19/1998 5:06:00 PM
From: Andrew Q. Viet  Read Replies (2) of 7054
 
Repost:

To: Aaron (1100 )
From: John Chew
Wednesday, Jan 7 1998 8:52PM EST
Reply # of 3877

Here are the facts regarding Mr. Aharoni.

1. He was an influential and successful businessman in Israel 13 years ago.

2. He declared bankruptcy when the Israeli government changed the law on US dollar
denominated loans. (Israel was in the midst of a
currency crisis in the early 1980's). He had 20% leveraged loans on real estate.

3. He left Israel to start over in the US.

4. Some might say he has had some success in the US. This rankles
some in Israel who are less successful and who were owed money.

In the 12 years he has been in the US and since Acrt has been
public, there have been no lawsuits or credit problems in
the US.

Unfortunately, because of his bankruptcy experience, he will not
incur debt to leverage the ROE. Amos may be too conservative
in growing the company.

Note that the article came out just a few months ago, while news
of Aharoni's bankruptcy occurred 12 years ago? Strange timing.

Note the tone of the article. It is just a smear campaign in
a Hebrew Rag.

But along with the weak longs I mentioned a few days ago, some
18 month profit taking on Reg. D stock from $3.35 and market nervousness, ACRT is
easing off as expected.

Hopefully, Mr. Pinkie will tell us when to cover shorts. I am still waiting
for his "sophisticated" LBO analysis. Mr. Pinkie do not put your name on the Fax to
Dave at Individual Investor, you will reveal your
identity and what fun will that be?
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