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Non-Tech : BGLS (Manhattan Bagel Company) -- Ignore unavailable to you. Want to Upgrade?

To: Walter High who wrote (173)	11/23/1997 7:50:00 PM
From: lanac	Respond to of 194

ALL I can say on this company is, that it deserves to be where it is now, a penny stock Management of this company is corrupted! YES! CORRUPTED! I have never saw so much insider trading like I saw in BGLS, Let me tell you this, it was after the company announced its accounting mismanagement, or how you want to call it, that the stock went from 23 or close to that, to 8-9, and back up to 11-12, and the stock came to my attation, after that the company reported a surprise fiscal q loss, and here is what I saw The average day BGLS hade a volume of maybe 20,000, but 3 days before reporting the loss the stock went to 8, from 11 1/2, on daily volume of a whopping 400,000, yes 400,000 shares a day, on the next 3 days, just before the company reports a loss, and 3 weeks before they reported the loss, I personally spoke to the CFO of BGLS, and asked him a few times if there is ANY EXPENSE in this Q, ANY new expense that will hurt the fiscal quarter, and he told me and assured me that there is no such thing, and everything is on track, but a few weeks later I see that the new expanses was that a whole distribution center has closed down, and that made a loss for the Q, and the company went into the red I called the SEC and gave in a complain on what I saw, the SEC told me that they can only take complains but they cant give me a follow up, but they told me that this is something that looked like it was insider trading, so I really don't know what happened since then, and I also saw on other boards now that someone complained on heavy volume on the days before the news of filling chapter1,1 so all I can say THIS COMPANY IS CORRUPTED! MANAGEMENT IS CORRUPT HERE! I SMELL A RAT! MANAGEMENT SOLD ALTO OF SHARES BEFORE THEY FILED AND LEFT YOU IN THE DUST! SORRY! BUT NOT ME! If anyone can get the SEC to look in to this stock gofor it, there is what to look at