Joe Copia's daytrades/investments and thoughts Message Board

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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: Jay Letterman who wrote (5084)	6/12/1998 11:34:00 AM
From: Boob	Read Replies (3) of 25711

Oh if it isn't the guy that was hyping SATKQ at 0.02 which now sits at 0.005...a mere 75% loss for the suckers who bought in on your hype. GARN is down 33% for the suckers who bought into the hype this morning as well...at least this time you realized it is better to hype a stock that actually exists...you are learning. Now, back to my point...I am going by what is IN WRITING and will speak very slowly so you can understand me... Go here if you don't believe what I am about to type: biz.yahoo.com From news titled "Garnet Describes Exchange Ratio of Proposed Merger" the exchange ratio in the proposed Merger is expected to be one share of Aviva Common Stock for 10 shares of Garnet Common Stock. Aviva's Depositary Receipts (which represent five shares of Aviva Common Stock) are traded on the American Stock Exchange under the symbol AVV. OK Now presently the bid price is .8125 on AVV which represents 5 common shares. Thus, to get 1 common share, divide .8125 by 5. Ok that give you .1625 for ONE AVIVA COMMON SHARE. Now, according to the latest news, you will receive on aviva common for every 10 GARN you own. Thus, to find value of GARN divide .1625 by 10. THat means GARN is worth 0.01625 and presently it is trading at .045...so for every 4.5cents you pay your investment now is worth 1.625 cents..wow! Now I challenge you to PROVE ME WRONG...show me something in writing that will change the MOST RECENT FACTS. Everything I am saying can be verified in writing...Prove me wrong!! I was right on SATKQ and so far I am right here too unless the company adjusts this ratio...but until then this is what's in writing so this is what I am going by Boob....this one's going the way of the SATKQ scam you organized as well....nuff said....write me in a month and we will see what a $1000 GARN investment today will be worth then.

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