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

To: Jonathan Cleveland who wrote (1878)	2/28/1998 9:48:00 PM
From: Andrew Q. Viet	Respond to of 7054

Safety of the TAD program: Message Boards Help - Edit Identities - Sign Out Top:Business and Finance:Stocks:Services:Business Services:ACRT (Actrade International Ltd) <- Previous Next -> Message 1466 of 1522 Reply Subj: Safety of the TAD Program By: Acrtrises35 Date: Feb 28 1998 9:02 A.M PST Reply To: Msg. 1464 by Acrtrises35 Safety. The TAD Program is designed with many safeguards to minimize the risk of non-payment. In management's opinion, although no assurance can be given, the following features of the TAD Program will reduce the risk of non-collection: 1. Diversification. By accepting TADs issued by a large number of customers, the risk of loss is reduced. Each Seller typically deals with TAD's from many unrelated companies. Therefore, the extent of Capital's exposure from nonpayment by any company is limited. 2. Reserve Against Non-Payment. When Capital advances a portion of the purchase price before the due date of the TAD, it will withhold a "reserve" from the total aggregate amount of TADs purchased from each Seller to protect against the non-payment of any TAD. The collection of every TAD purchased is cross-collateralized by the full proceeds of all TADs collected for each Seller. 3. Guarantees and Insurance. Most TADs are unconditionally guaranteed by the participant and, where appropriate, by the participant's individual principals. Further, in many cases, Capital is able to secure collection of TADs it will purchase through a business credit insurance policy it has secured through American Credit Indemnity Company which became effective May 1, 1996. This policy covers losses up to $3 Million. Finally, when TADs are tendered for sale by a Seller, Capital reviews the total relationship with the Seller and its customers, including past payment record for TADs previously purchased, etc., before deciding whether or not to purchase the TADs being presented. Since the introduction of the TAD Program on a test basis in fiscal 1993,Capital's growth has exceeded management's expectation. Gross revenues from the TAD Program have increased from a modest $247,809 in fiscal 1993, to $927,757 during fiscal 1994 (the first full year of operations for the TAD Program); $3,703,493 in fiscal 1995; $7,993,932 in fiscal 1996 and $21,668,573 during fiscal 1997. See, "MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS" below for an analysis of Capital's operations. As of the date of this Report, management is not aware of any other financial service program offered in the United States which utilizes trade acceptance drafts. The Company has filed for patent protection on the processes involved in the TAD Program, which application is currently pending under Number 08/506,539. No assurances can be given that the Company may be able to secure patent protection for this innovative program. Note: the patent was granted in early 1998 ACRT Quote ACRT Profile ACRT Research <- Previous Next -> Message 1466 of 1522 Reply Go to: Start \| Most Recent Message \| Message List All Boards Only in this Board All Boards & Topics Authors Disclaimer Yahoo! is a trademark of Yahoo! Inc. Copyright c 1994-98 Yahoo! All Rights Reserved.

To: Jonathan Cleveland who wrote (1878)	2/28/1998 10:51:00 PM
From: limit	Read Replies (1) \| Respond to of 7054

JC I am starting a company. I thought of great new idea, buy receivables at a discount and pocket the profit. IPO will start at $3...no $15. Looking for your check

To: Jonathan Cleveland who wrote (1878)	3/1/1998 12:29:00 AM
From: Jean-Philippe Chevalier	Read Replies (2) \| Respond to of 7054

My God! That must be the greatest sentence I have ever read. Did you learn to do that in collage?

To: Jonathan Cleveland who wrote (1878)	3/1/1998 11:47:00 AM
From: Mr. Pink	Respond to of 7054

Mr. Cleveland: Mr. Pink had no idea you were a peace officer. It is a difficult job and Mr. Pink has the utmost respect for those brave and hard-working individuals that monitor the subterranean vermin of the subway system. Given your background in law enforcement, Mr. Pink hereby appoints you Bailiff. You will not be able to use excessive force with members of the court room, though. So think about it before accepting the position. Thank you for your warm words and Mr. Pink shares your desire to "turn it off". See you at the trial. Mr. Pink