IDCN - gold, garnet, etc. Message Board

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Microcap & Penny Stocks : IDCN - gold, garnet, etc.

IDCN 0.00001000

0.0%

Nov 14 9:30 AM EST

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To: BigTex who wrote (3354)	10/12/1998 11:09:00 AM
From: Gordon Gekko	Read Replies (2) of 5908

I have been in KKRO for quite a while. I am voting "NO" along with a lot of other people. KKRO's PR firm is calling the shareholders to convince them to vote "YES". I have hashed this stock with the people over at the Yahoo board and we feel that FRI is basically a dog of a company. They are losing money with huge debt payments to support (debt/equity 9:1). Their sales are not growing. The new company would take at least 2 years to turn around. FRI is using KKRO as a vehicle for growth and as a vehicle to obtain a public listing. If that is not enough then look at the performance of the stock since the merger announcement on June 10. Around $3 down to 5/8. I would say that Wall Street likes the deal. KKRO is turning the corner themselves with profitability in sights. Let them go it alone. The turn around time would be much quicker. GG

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