Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Roger A. Babb who wrote (15373)	11/11/1998 10:41:00 PM
From: RockyBalboa	Read Replies (2) of 18691

Roger, some more points GK Intell.: They lie in their statements: On Sept 8th they stated that: "We ended our relationship with Dr. Ben-Dak and re-focused from the international to the domestic market concurrent with Rod Canion's election to the Board. Dr. Ben-Dak subsequently sold his stock at a below-market price of $1.50 per share on April 17 as part of a private placement. " (http://biz.yahoo.com/bw/980908/gk_intelli_1.html) WRONG: The 10-KSB issued in August reads that MR Ben-Dak still holds 200.000 (new count) execisable options. Or: "Furthermore, the $2.8 million of management salaries cited in the article primarily included grants of restricted stock options and restricted stock for the fiscal years 1997 and 1998, none of which have been exercised or sold. Of that $2.8 million, the actual cash compensation totaled less than $450,000 over the two-year period." Caution: They didn't mention that the stocks have been registered for immediate sale. Phew, thats a lot for a nonperforming company. C.

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