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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Albert Mou who wrote (2296)8/29/1998 12:48:00 PM
From: Cube  Read Replies (1) of 18998
 
Albert,

<<Without this exaggerated claim, MRVC may have closed Thursday at $17, and closed Friday at $11. >>

This reminds me of the discussion by former congressman Ben Jones (D) from Georgia on a TV talk show. The discussion was from a Clinton defender who said, "if it wasn't for Ken Starr, the President wouldn't be going through this." To which Ben Jones replied, "Yes, and if a frog had wings, he wouldn't bump his ass when he jumps."

You should be scared to death that the price has fallen into the 6's WITHOUT the uncovering of accounting irregularities. What do you think will happen then? Tip - the price won't go up! This management has lied to the longs of MRVC, and worse they clued the insiders first - then released the info publicly.

One last point, it will be months before the public documentation shows whether or not there was any insider selling the last few weeks. Any guesses??

Cube
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