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Microcap & Penny Stocks : GBFE - GOLDEN BOOKS FAMILY ENTMT INC
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To: Ken W who wrote (359)2/17/1999 1:29:00 PM
From: Sethpop  Read Replies (3) of 476
 
Why should GBFE sue Faber??? He certainly didn't hurt the company or the stock...You have management to blame for that!!...In fact, he may have saved them from some serious shareholder lawsuits...The company was stupid enough to release information that was "pumping" the stock at the same time they were negotiating a re-organization plan that was essentially going to make the stock worthless....If Faber hadn't released the report the stock might have gone to 5 yesterday.
In fact, who knows, maybe someone in the company's legal department "leaked" the report to Faber to cool off the stock after some over-zealous PR and marketing people had released the morning's news about their website!! There has been no hope for common shareholders for quite some time...since their financial defaults pushed them into a situation where even IF a Disney or someone had wanted to buy them, the company would have had to go through a pre-packaged re-structuring essentially wiping out shareholders anyway!! If you believe in their INtangible assets and in the proposed management and like the proposed structure, the reports seem to indicate that your "old" GBFE stock will be exchanged for a warrant to buy some of the "new" stock that will be created..So you can pay more money to follow your belief (and also help pay off the creditors and provide new money for the company!!)
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