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Microcap & Penny Stocks : AmeriResource Technologies (ARET)
ARET 0.00010000.0%Jan 29 9:30 AM EST
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To: Mr. Jens Tingleff who wrote (5004)1/6/1999 12:24:00 PM
From: Siber  Read Replies (1) of 7609
 
I say the 20MM @ 6 cent will be easier than 200MM @ 0.6 cent.

But Jens, there is an old saying "equal it comes loose". It makes no difference as although the value looks higher, it is the same because we are now looking at 1/10!

As I said in an earlier post a reverse split for most stocks is the death knell.

You told me to get off the banking problem. Well, that is the problem. ARET is insolvent!!!

If they reverse at this stage, we are aboard a sinking ship.

They must produce!!! That is the only way to get out of the current predicament. But they can't produce because they have no money to pay the trades. Nobody will work for no pay. Nobody will sell supplies with no money in the bank.

I can't see how they can generate any revenue at this point. Tomahawk, although bailed out, will have the bonding problem because of the BK.

You asked what the options are. I don't know. I don't think ARET knows. Management has to do some fancy footwork to dig themselves out of this hole. They have to do it fast and a reverse is not the way to do it...that just makes the hole bigger. A loan? No. They probably won't find additional financing anywhere and even if they did they couldn't pay the interest. I have no answers.

We are all entitled to our opinion Jens....and this is mine. The bank problem is a major issue here. Reverse and we are finished.

Regards,
Helene
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