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

To: Jamey who wrote (239)	12/8/1997 11:48:00 PM
From: C. Riley	Read Replies (1) \| Respond to of 2595

For crying out loud, let me hold your hand... "Such inflated statements without basis in fact are nothing short of fraud. And if Araldica uses these inflated book values in their accounting, they will be guilty of fraud too! I wonder what the arrangement is between Araldica and StocksWatch?" The promotion claimed the winery/vineyard adds 40 cents to the book value of each share. If this were so and there were still only 10.6 million shares outstanding, that would put a value of $4.24 million on the winery which would be inflated. Now, I said if (the key word is IF) Araldica tried to show such an increase of 40 cents in book value from this acquisition, that would sure sound like fraud to me. And, because we know more shares were issued to finance this acquisition, there must now be more 10.6 million shares outstanding, making the 40 cents a share figure even more inflated. To wonder what the arrangement is between Araldica and an organization that would make such irresponsibly inflated statements is perfectly natural and reasonable, is it not? Do you believe everything you read? Still, I await any counter analysis which would show why this stock is selling at its current price.