To: docsox who wrote (1221 ) 1/24/1998 12:05:00 PM From: Mr. Pink Read Replies (2) | Respond to of 7054
To All: How nice to have Mr. Clemenza, another voice of reason on the thread. FACT ONE: Aharoni is a Criminal. No one is assassinating Mr. Ahahoni's character. He did it himself. A reputable Israeli English language paper recounted his nefarious activities whereby he fled the country and his family leaving his creditors holding the bag for his debts. Filing for bankruptcy is one thing. Running out on your debts is CRIMINAL!!!! FACT TWO: Company is absurdly overvalued by any measure. This is a FINANCE company.(MR. Pink is an expert in such matters having invested a substantial portion of His vast fortune in such companies over the years.) BOOK VALUE DOES MATTER. and the book value here is just a few dollars. Finance companies earn money by leveraging their balance sheets. If returns are excessive others will come in and replicate the process. (Remember sub-prime auto lenders and sub prime mortgage companies which were valued for a time on "growth". Competition and reality ultimately brought those back to earth. Fact Three: The "patent" is worthless. It is one thing to have a patent and quite another thing to defend it in court. Many companies engage in the supposedly proprietary TAD process. Actrade had never attempted to defend its proprietary method. You are an idiot if you think something as simple as creating a method to postdate a check is the basis for a 7X book 40X earnings company. Fact Four: THE COMPANY HAS ONLY BEEN ABLE TO FINANCE ITSELF USING SLEEZY BELOW MARKET PRIVATE PLACEMENT DEALS. Investment bankers are whores. Yet none will work on this company because of criminal mangement and the absurdity of the valuation. To compare the follish woman at Individual Investor to an analyst is absurd. Mr. Pink thinks that she is on CRACK cocaine. Fact Five: The company refuses to have conference calls because doing so would expose them to public humiliation. ********** As the great investor Jesse Livermore said in his seminal investment book, "Reminiscenses of a Stock Operator", 'There is nothing new under the sun'. Indeed there have always been charlatans, frauds, scams, crooked promoters, and there always have been gullible suckers who want to get taken for a ride in the latest get-rich-quick scheme. Thanks to modern technology it is easier for good samaritans like MR. Pink and MR. Clemenza to educate such naive ones. (after establishing healthy short positions, of course). It is not enough that a sucker is born every minute, but this thread and the rantings of Mr. Plovie, Chew and others proves, these suckers must shout out from the highest mountains and proclaim their foolishness to all. Good Morning. This has been another public service announcement by MR. Pink, good samaritan at large