AWLT wines and gourmet food - Italy Direct Message Board

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

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To: Slim Pickens who wrote (1645)	8/4/1998 5:25:00 PM
From: TLWatson59	Read Replies (2) of 2595

Slim: Come out from under the blanket. The announcement says, "reached an agreement in principal." That does not mean that it's all over but the shouting. As far as being a cash cow, you know even less about Danielle Cheese then you do about Araldica. The only thing you learned from this announcement is that despite their claims, Araldica had little to hold over Danielle from a legal standpoint. The contemplated exchange tells you that. If, and in my book that's a really big one, Araldica can come up with $700K in cash and a way to transfer the $1.5 million in Danielle debt, Mr. Swan walks away from a business which claims some $6.5 million in sales and earnings of $250,000. If these are after tax earnings the net profit comes out to less than 5%. Not too exciting. If they are pre-tax figures then the return is even less impressive. Without a pro-forma statement no one here knows whether or not the sales figure represents a growing number or a declining trend. More important there is not one of you that can assuredly tell me how many shares of AWLT there are presently outstanding and how significant $250,000 divided by the outstanding issue would be in E.P.S. One thing we do know is that without the Danielle Cheese assets, the net worth of AWLT is in the red according to the last given, albeit unaudited, balance sheet. That of course is allowing for the $5 million hot air asset they carry on the books. I know it would be easy to attribute the failure of this prominent news item to propel the stock to at least 15 cents to today's market behavior, but let's try to be honest with one another and admit that the market doesn't know Araldica exists. As I said, It's a hope and nothing more at present. The only sure winner if the deal goes through or not is Mr. Swan. You know with a two headed coin heads I win and Tails you lose.

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