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Microcap & Penny Stocks : AWLT wines and gourmet food - Italy Direct
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To: JOE TURMAINE who wrote (1593)7/30/1998 7:59:00 PM
From: William Lewis Perdue III  Read Replies (3) of 2595
 
On June 23, 1998, Judge Peter C. Patsalos rejected Araldica's request for the appointment of a receiver and a preliminary injunction against Jon L Swan and Danielle Cheese Distributors.

The judge's order, which is filed along with voluminous other papers with with the Clerk of the Supreme Court in Orange County New York, and which I have obtained, said he rejected Araldica's requests because the documents Araldica filed with the court, "do not demonstrate, to the Court's satisfaction that it [Araldica] was able to perform its end of the bargain" consisting of $100,000 cash and stock.

The Clerk of the court told me that a Preliminary conference on the litigation was held on July 21 with no action taken except to schedule another 'Status Conference' on November 17, 1998.

I will be reporting on this and other facets of the company and its acquisitions in a story which is scheduled now for Monday.

Also, you or someone else posted a question as to why I would spend a month working on this story. I did it because that's my job. Sometimes I report on wine stocks for my own site and other times I report on telecom, data communications and the Internet for CBS Marketwatch and other outlets. (see cbs.marketwatch.com for a story on AT&T that ran today.)
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