CAVALRY'S SHORT BUSTERS - MAGIC EIGHTBALLS PICKS Message Board

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Strategies & Market Trends : CAVALRY'S SHORT BUSTERS - MAGIC EIGHTBALLS PICKS

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To: Cavalry who wrote (1282)	10/24/1998 5:28:00 PM
From: Janice Shell	Read Replies (2) of 1637

pss still say billionaire bill gates secretly owns 93% of RACG, automotive performance group. D'you really want me to make a fool of you yet AGAIN? Oh yeah. And how could he own it "secretly"? Actually, he's not a bit secretive about the companies he has an interest in, or owns. Generally, he simply buys 'em outright. BUT if you want to own 93% in a company that makes up part of the portfolio of a mutual fund, um, sorry, Cav, this turns up under "beneficial ownership". Have you ever actually read any SEC filings? In addition to that, no company in which a principal owns a 93% interest would be a very good candidate for inclusion in a mutual fund. Obviously. My GOD you're an idiot.

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