To: John Crovelli who wrote (29890 ) 12/23/1997 12:28:00 PM From: campe Read Replies (3) | Respond to of 55532
Amazingly enough, it looks like we are re-living the GIFS movie script. Yes, folks talked about the movie rights there too. As a matter of fact, it looks like the same plot, just different characters. These memories are in no particular order, just a reflection back to early 1997... GIFS was halted on the day it was supposed to receive $100M from a sale of one of its subsidiaries. The $100M was coming in from an international source. The cash infusion date slid, and slid, and slid... The financials were a mess and contradicted themselves. We had our own hyping medical student calling the company 3 times a day. Instead of Mork, we had Lou who was trying to sell his restricted shares. We had a "cavalry" of one who was "buying up the float" and then sold it secretly. Our SAC leader (the cartel) loaded up on shares via his credit cards. We had a Big 7 accountant who reviewed the SEC filings and concluded that either it was true of the GIFS management was going to jail and that be one could be that stupid. We had our own die-hard nay - CC for those who know him. We had our resident lady, who through her own DD, went from a yeah to a nay. (Ellen should really look up Caroline). We had our own TA reports from TL. After the TN Insurance authority closed down GIFS (before SEC halt) we took a head count on SI and everyone was gonna hold strong and long. We went though a bunch of mergers and aquisitions and even bought another BB company. We had a small float (around 2M) and held by longs. Mo was a Who's Who in business with a background hard to verify. We had Kugler (as himself) warning us. We had the Lone Ranger (aka tonto); the only real person doing real DD and spending real cash on his DD (not just dimes in a phone booth). We had a CEO who was gonna fight the SEC to the very end and "rise from the ashes". Well he's off in S.A. hiding from bubba. GIFS was gonna have a 400,000 share buy-back to squeeze the shorts. The one thing we had that RMIL didn't was that scoundrel kid from WAACO feeding us lines of intrigue and misinformation. And there's more, much more similarities as I see them. Anyways, just reflecting back on 1997 as we enter the holidays. Merry Christmas to all and God Bless.