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Strategies & Market Trends : BFT: Will the tulip craze ever break down? -- Ignore unavailable to you. Want to Upgrade?

To: dealmakr who wrote (31)	3/10/1998 11:03:00 PM
From: Pancho Villa	Read Replies (1) \| Respond to of 650

>If the Connecticut thing picks up anywhere else, could get interesting.< My understanding is that other lawsuits are cooking in the New England states. The nature of the case requires that it be handled on a state by state basis. If you look at it, in the age of customer satisfaction a dinosaur like BFIT can not survive. BTW, some big cats are already asking who the hell is this guy Pancho Villa, can we trust him on the analysis? Pancho

To: dealmakr who wrote (31)	3/11/1998 3:42:00 PM
From: Pancho Villa	Respond to of 650

Mr Hillman why do you need to mislead investors by creating the most weird ratio I have ever seen! Debt-to-Market Capitalization Ratio! Wow! The one I learnt at school is called Debt/Equity ratio This ratio in your Q3 97 10Q is close to 10X! Do you think this is a bit high? However in a November press release you said: AN INTERESTING PRESS RELEASE SHOWING MANAGEMENT IS LYING ON THEIR FINANCIAL SITUATION: CREATION OF A NEW RATIO! [sorry folks Yahoo took away the link. I did cut and pastethe quote bellow from it a few days and months ago. Will look for it somewhere else!] biz.yahoo.com "The company in August raised about $90 million in an eight million share common stock offering, which helped to reduce its total debt-to-market equity ratio to about one-to-one [what a big lie!], Hillman said." You read this and then you think Pancho was lying to you when he told you that the debt equity ratio was almost 10X. Well, Mr. Hillman just invented a new ratio! debt to Market capitalization! a rare mix of accounting standards based on historical values with the current market value of the equity (also, I believe they used long term debt only and not total debt as they say in the release). I wonder if they will still use this version of the ratio once the stock price falls to under 5 bucks. IMO, this is the type of deceiving tactics companies have to use when they have nothing of value to promise stockholders!