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Strategies & Market Trends : Due Diligence - How to Investigate a Stock

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To: Don Pueblo who wrote ()4/24/1999 10:19:00 PM
From: Mary Baker  Read Replies (5) of 752
 
Help...I am in need of information...

I am going to stick my neck out here...but what the hey!

I invested in RRRR in early February...I bought at $5.00 per share.

Now that the CEO was on CNBC and the price has gone up and up, the world has discovered this stock and of course the bashers, shorters and everyone else has appeared...I feel overwhelmed by negative information, that frankly I do not understand. These are my concerns:

1. Claims that RRRR has Convertible Debentures = Doomsday. I am not sure if they really do have these or not and what the implications are.

2. Claims that Apollo Management only has a "Letter of Intent" to invest 75 million into RRRR and this does not mean it will/can/did happen. Also, because the terms of the deal were not disclosed this is somehow "sneaky and underhanded"

3. A report that states RRRR was close to being delisted by Nasdaq because they did not hold the millions necessary to meet criteria.

4. A report from auditor with language such as "If RRRR can remain an ongoing concern"

If need be I can go and bring back the reports, filings, statements etc. Just give me an idea of what you think so far.

Thanks
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