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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: scouser who wrote (5797)	7/31/1999 12:25:00 PM
From: Ga Bard	Respond to of 150070

Ok lets look at the rhetoric of the PRs. 7-13 the company announced it was mergering from reoprgainzation. Within that news release this sentnce of exact rhetoric was clearly stated. The company will no longer operate under protection from its creditors The only protection I know of from creditors is bankruptcy. So where is the mislead. I do not see it. 7-28 is pleased to release its 1998 audited financials reflecting a net income of $5,266,956 representing a 17(cent) per share earnings. That means that coming out of bankruptcy the company had a net of 5M Maybe the word income is the problem. I still do not see the mislead since on the financial they do in fact show the 5M as net income. The company uses the McGladrey network, the world's 6th largest accounting firm. Now ther was no particular accounting firm mentioned. This sentence does not state it uses McGladrey just an accounting firm on that network. Which they clarified in the next new release. Because of frivilous lawsuits and greedy fee hunting attorneys laws have been passed to protect companies from convenient logic and interpretation. I believe the second release was to clarify the whole nine yeards to clear up any possible misinterpretation. However, you have to read the public reads on a 8th grade level of reading adn comprehension. Also mentioned wqas a warning The company anticipates issuing additional shares as acquisitions are completed. So basically after rereading these releases I do not see where they did anything wrong basically. People bough on assumption and sold when that assumption turned out wrong. GB