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Microcap & Penny Stocks : GIFS
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To: Jeff Morrison who wrote (2150)2/11/1997 10:23:00 PM
From: Michael Beattie   of 8012
 
Take a long hard look at the GIFS balance sheet.

They have no cash (surplus cash in gold coins?). Their deal for Congress involves no cash. The $.50/share earnings increase is fictious accounting income.

Their balance sheet is inflated fiction. A Big Six auditor wouldn't touch GIFS with a 50 foot 10-key and the auditor who signed the last opinion should lose his CPA license. I was in at $2.4375 and out by a stroke of luck at $2.50. No loss, no blood. Everyone should do some due diligence.

MAB
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