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Microcap & Penny Stocks : AWLT wines and gourmet food - Italy Direct -- Ignore unavailable to you. Want to Upgrade?

To: C. Riley who wrote (211)	12/8/1997 4:54:00 PM
From: Feraldo	Respond to of 2595

I would not say that it is pie in the sky, because of the fact that they started out with not much in sales. All they need is one big order, such as 2 million in caviar, and they achieve what they expect.

To: C. Riley who wrote (211)	12/9/1997 1:17:00 AM
From: C. Riley	Read Replies (1) \| Respond to of 2595

For those readers interested in analysis... In my previous post regarding EPS and book value, while the EPS projections incorporated all the acquisitions to date, the book value analysis was per their August 18th earnings statement and did not incorporate their recent acquisitions. Until the company discloses full financials with regards to all their dealings, it's just not possible to come up with a reliable book value estimate. With every acquisition, additional shares were undoubtedly issued and this number could be just about any number you can pull out of a hat. However, for the winery/vineyard acquisition, we have a known asking price of $1,450,000 for the property. Using this figure, guessing that the number of shares issued is now 15 million, and that perhaps 20% (or $290,000) of the sale price was paid in cash and the rest in stock, this would be an increase in assets of $1,160,000 or 7.7 cents added to the book value per share. It my goal to be as accurate and thorough as reasonably possible using available information. I do not want anyone to be mislead.