SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : AWLT wines and gourmet food - Italy Direct
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: tenn50 who wrote (2290)2/3/1999 2:22:00 PM
From: StandFast  Read Replies (1) of 2595
 
Could it be that we are getting bought out:

araldica.com

2. The company's President is currently in the process of mortgaging certain personal real estate, and will use a major portion of the funds derived therefrom to support the company with new loans. It is anticipated that these new loans from the President will be sufficient to support the company until (see below) its new operational cash flow becomes available.

3. The company has accepted a joint venture proposal made to it by a major American direct marketing organization, whereby the new joint venture partner will fund and service part or all of continuing new, national direct mail promotions (the company's "Knights of Italy" and "Wines of your ancestors" series), enabling Araldica to sell its custom-labeled premium Italian wines to its targeted Italian-American consumer base, which approximates 23,000,000 persons. Each national mailing (to be monthly, initially, and weekly after the initial 3 month period) is projected to generate gross sales of $260,000.

4. The company plans to withdraw from Bankruptcy Court protection on or before 4 January 1999, if certain of its current [minor] funding activities come to fruition as planned, and if allowed to do so by the Court, and if such petition to withdraw is uncontested by the company's creditors.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News