To: Due Diligence who wrote (348 ) 1/31/1998 10:37:00 AM From: Matthew J. Landi Respond to of 1100
Hey Jimbo, Sorry to "jump" into another thread, but .... A little information, simply because we don't want AWLT to get tarnished by someone else's lousy reputation: Mark Schultz was introduced to Araldica in mid-1996; made some commitments to the company; reneged on them shortly thereafter, at which time (about year end 1996) we disassociated ourselves from him and any "further assistance". We'd like everyone to evaluate us on our performance over time: ignore everyone's hype; and even ignore our battered stock price. Someday, we can only hope it is soon, it should be back above the $1.00 level where it belongs (in our opnion) -- perhaps after the short sellers get sufficiently burned playing with us. I can only remind everyone that we can not control the price of the company's shares; I'm as sorry as you are that all the recent good news has yet to have an impact. In my opnion, when the audit is completed, and the financial statements published, and we have finally filed to become a fully reporting company, the stock should take notice and react favorably. The stock price has to catch up to reality at some point! The following is the 1997 overview report of 1997: 1) The company increased its sales from under $1 million annually to approximately $10 million annually in the last 12 months. 2) The company will be reporting net earnings for the year (being determined by the audit); such earnings figures cannot be reported until they are made available by the company's auditors, upon their presentation to the company of the completed, consolidated, audited financial statements. 3) The companies balance sheets expected to be strong and well-balanced (a good formula/ratio mix between debt and equity). 4) The company commenced its first audit, which is presently nearing completion. Upon the publication of its audited financial statements (now anticipated sometime in February of 1998), the company will be filing its initial 10-K report with the SEC, and becoming a fully reporting company. 5) The only delay in the completion of the company's audit has been caused by its aggressive acquisition activity during the past year (7 companies), all of which is being incorporated in the audited financial statements presently nearing completion. 6) The company believes that it will be able to qualify for "NASDAQ Small Cap" listing in mid-1998, moving up a notch in respectability from its present "OTC Bulletin Board" status. 7) Upon completion of its acquisition financing this month, the company will be in a position to sustain it's operations indefinitely, through its own cash flow, with out he need for external funds. Thanks for hearing me out and allowing me to say my piece on your board here, hopefully I will learn to make money trading....someday. Matthew