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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Theo who wrote (22438)	6/17/2000 9:47:00 AM
From: paper man	Respond to of 25711

Theo - quite an impressive list we are building here on JPEI. As I dig further, I am more fascinated with what I learn. This Mr. Prechter has bought his ASC Holdings - a nice operating shell and can move assetts into it fairly easily!! In addition to what you desrcibe, ASC Holdings has an agreement for income based on improvement in JPEI's EBITDA !! Also, Comerica Bank duly secured the JPEI holding of Mr. Prechter as collateral for a $US53MM note to Comerica Bank (strong). When is the last time we saw a large banl take penny stock as collateral for a $53MM debt???? ASC Holdings also OWNS Heritage Media Group ( includes 12 Southeast Newspapers, heritage Development ( a real estate firm ) and Heritage Network, an investment firm and Acceptance Insurance Companies. Thinking this company can make any acquisition it wants to with CASH -- and won't be utilizing any stock!! This little pennystock is like a GIANT roll.... good luck and great weekend to all!!