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Non-Tech : ACLN Ltd (NASD:ACLNF) -- Ignore unavailable to you. Want to Upgrade?

To: Terry D who wrote (29)	12/21/2001 12:41:42 AM
From: Yorikke	Read Replies (1) \| Respond to of 41

They just cancelled a large ship order. Claim the vessels are now to small for their needs. Will take a 7.5 million dollar write off in the next Qtr (?). Nobody seems to believe the stated reason. Other rumors of problems with the accounting systems, but I have seen no real discussion. As someone else asked....whose cars are they shipping to Africa anyway?? I've followed this and they have consistently posted higher earnings each quarter. It was very blue sky. But it seems to have gone down pretty quick for a firm with such implied strength. Some of the other threads on the company are posting 'get out now' notices. A bit late for that. A few people have been shorting this stock for the last three months. They are rolling on the floor laughing. Its interesting. I've always been concerned about a global recession killing demand for used cars in Africa. Low oil prices and poor commodity prices will do a number on the African upper and middle classes in the major countries they are shipping to.