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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: StockDung who wrote (68464)	3/16/2001 12:59:10 PM
From: mmmary	Respond to of 122087

Easyriders Appoints CEO...not good news Their CEO, chairman and a few directors just resigned. They're just filling the slots with other employees to satisfy SEC regulations. I'm 99% sure they will be going bankrupt. Latest SEC docs show a big deal with the exchairman for millions of shares and dollars. He has to turn over all the shares he owns and money he borrowed from the company...within 30 days. If the company DOES NOT go bankrupt within a year, he can have it back. Sounds like bankruptcy to me. Price has gone from .30 to .16 cents on the news. Also, the "owner" of the company "gave" 2,000,000 shares to a company controlled by Bob Guccione. I think they may find a way to "sell" the magazines to Guccione. I use the word sell in the loosest sense as they supposedly "sold" a few other divisions of the company but the owner financed the sales and didn't make people pay up. Yes, they are giving things away. If you call the listed number for KC Publishing the purchaser of the 2M shares, you get Bob Guccione's office.