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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 (4409)3/26/1998 12:15:00 AM
From: Mr. Pink  Read Replies (1) of 7054
 
Davef, Could you please elaborate, in a kind way, on the "solid financing? Summit has pulled its line of credit. Banco Portugues has a $3.4MM loan but 2mm is for the air conditioner business and only 1.4mm is for the TADs.

That leaves the Commercial Finance Institution, Ltd. from BVI. But that company shows only $50,000 in capital and a call to the administrator indicates that it is operated out of Israel.

Is this the solid financing you are referring to or did the company get a loan from Reliance Group Holdings? Thank you for your accurate information. You are very smart and Mr. Pink respects you.

Mr. Pink, kinder, gentler, pinker
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