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Microcap & Penny Stocks : ACRT about to move to new highs -- Ignore unavailable to you. Want to Upgrade?

To: JessiDani who wrote (1045)	12/31/1997 10:33:00 AM
From: Mr. Pink	Respond to of 7054

Dear Madam: Book value represents the net assets of the company. Or total assets minus liabilites. This is the shareholders equity. Generally financial service companies trade in relation to book value. Thrifts may trade 1.3--2.5X book. Some banks 2--3X book. Many of the sub-prime auto lenders and mortgage lenders traded at significantly greater multiples for they too were "growth stories" where "book didn't matter". The sad story of GACC, Cityscape and many others is that book did matter and the crooked companies fell to zero. ACRT doesn't have the leverage to crap out to zero but it is probably worth no more than 5 bucks a share. Mr. pink is shorting more into the month-end rally. Don't fool yourself. There is nothing proprietary about there service. The value of the sales force is minimal. Have you been to there offices. They are shabby and in a low rent district in Manhattan. The CEO wears cheap suits because, although he owns 60MM worth of stock, he has no other resources and can't sell any stock. It is truly a pathetic story. Professor Pink, Esquire.