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: Andrea Lastroni who wrote (2177)	10/29/1998 5:45:00 PM
From: William Lewis Perdue III	Read Replies (2) of 2595

I received the following e-mail from Riley G. ========= RILEY G. MESSAGE POSTED BELOW IN FULL AND UNALTERED ==== X-Sender: psicop@pop.pipeline.com X-Mailer: QUALCOMM Windows Eudora Pro Version 4.1 Date: Thu, 29 Oct 1998 16:00:02 -0500 To: Lewis Perdue <lperdue@ideaworx.com> From: Riley G <Riley.G@psicop.com> Subject: Re: AWLT story Lewis, Read what I wrote on the AWLT threads awhile ago. Will you please post this link on that thread. I was terminated from SI for fighting the illegal shorts in RMIL. siliconinvestor.com To: Pageup (1875 ) From: Riley G Monday, Aug 17 1998 10:57PM ET Reply # of 2172 It goes like this. Someone buys a large block of stock from the company at a deep discount. The stocks is restricted and can not be sold for a set period of time, but the owners of the stock can short against those shares and cover at a lower date. Lets say the 1 million shares were sold to someone at .10 cents a share when the stock was trading at .375 to .4375 cents. The owners start shorting it at .375 and are already seeing a .27 plus cent profit on the shares, and have to cover at a later date with their restricted shares. Note that these types of actions usually occur outside the USA (say CANADA).... Lets also say that the people that bought the discounted shares tried to get others to PUMP and HYPE the stock so they could short into the spiking share prices! This action happens everyday in many OTC stocks! Did it happen here? I would bet that it has! Riley G ____ You should also check out the GIDGET. siliconinvestor.com Gidget also reported to me that he recieved some 1 million shares from AWLT for the same thing as William I. Looks like a class action should be filed against AWLT by former and present shareholders! Riley G

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