ABTX - Agribiotech Message Board

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Microcap & Penny Stocks : ABTX - Agribiotech

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To: vestor who wrote (4537)	8/25/1998 5:29:00 PM
From: James Hutton	Read Replies (2) of 8359

According to the Bloomberg report, an analyst that follows the company said the drop was caused by lingering concerns based on last week's announcement that past earnings would have to be restated. He also dropped his estimate for this quarter to -.04, in line with what Investor Lady posted here last week. I can't believe that all of this selling was due to last week's announcement. The release clearly says that past earnings, etc. will not have to be restated. I'd say it has more to do with a big shortfall in what is supposed to be a good quarter for the company. The company should explain why this will be to allay market concerns, or at least get the bad news out. Jon

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