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

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To: Riley G who wrote (1456)7/20/1998 1:46:00 PM
From: StandFast  Read Replies (1) of 2595
 
Yeah, I especially became interested in the part:
"The Wine Investment News investigation shows that:

The value of Araldica stock bartered for this asset has been vastly overstated by the company and may be worth less than $320,000 at Araldica's current stock price.

The Araldica stock was bartered to a company, with three bankrupt television units along with numerous liens and lawsuits which leaves questions about its ability to fulfill its obligations to Araldica.

The people to whom the stock was bartered admit that it will be impossible to determine whether or not the actual television time the company may eventually get will actually be worth $5 million.

None of the Araldica acquisitions announced in 1997 have closed.
"

No wonder they haven't given us anything other than a web site, no finacials or court case results!

I will have to research further before I give up however. But this on the surface smells pretty bad! don't want to land up like this guy:

AWLT = Elephant
Investor = Trainer

wwnonline.com
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