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

To: BRian Dodd who wrote (3315)	3/13/1998 7:09:00 AM
From: Goulds	Respond to of 7054

Repost, Yahoo. II article on ACRT in Individual Investor: mba50 ACRT Denies Rumors, Announces TAD Program;Buy (3/12) <Picture> Over the last few months, negative rumors have beaten down Actrade (ACRT) shares. We constantly speak with management regarding these rumors and they've consistently denied all allegations, saying that short sellers just want to discredit the company. Recent rumors about a secondary offering and president and CEO Amos Aharoni selling stock to pay debts are false. The company clearly stated that they don't have any plans for a secondary since ACRT does not need additional capital at this moment. Also, Aharoni did not sell his stock and there has been no insider selling at all. Mr. Pink, the person who started all these rumors on the Internet, has continually posted negative messages about ACRT in order to jeopardize the company and benefit himself and other shorts. The mere fact that he uses an alias casts a pall over his credibility. These rumors have caused many investors to lose confidence in the stock, further contributing to short selling. Mitch Menik, ACRT's Investor Relations Manager, described it as a "bear raid" where short sellers are trying to manipulate the price of the stock by selling a large amount of shares -- a violation of Securities and Exchange Commission rules. ACRT has taken steps to gain back investor confidence. The company issued a press release denying the rumors and confirming the outlook for continued strong financial results. In a further sign of support for the stock, ACRT's board authorized a repurchase of the company's common shares. Since then, the shares have rebounded from recent lows to a recent $14.31. In other news, the company also announced a new 12-month TAD program which allows payments of between seven and 12 monthly installments in connection with the purchase of specific equipment. Originally, the TAD program allowed clients to make installment payments of up to 6 months. ACRT management claims there will be increased demand for the TAD program, as many customers have expressed an interest in a 12-month program. ACRT also said that it secured a special credit protection policy for this program. Management sees continued growth in earnings and revenues due to the TAD program. For the third quarter, ended March 31, earnings are expected to be between $0.14 - $0.16 per share -- a 400% increase over the previous year's quarter and up about 19% more than the previous quarter. Revenues should be between $26 million and $29 million, which is more than 370% greater than last year's quarter and about 19% over the previous quarter. Full year revenues should surge to more than $100 million, enabling earnings to reach between $0.48 and $0.54 per share. ACRT:

To: BRian Dodd who wrote (3315)	3/14/1998 4:27:00 AM
From: Andrew Spurlin	Read Replies (1) \| Respond to of 7054

Nice post Brian ! I am not long or short in ACRT but if you look at the 1 year chart the trend is still down since Dec - Jan . II picked them in November ( I think) so they peeked following that and appear to be heading to lower lows, with a few up rally's along the way...IMHO Until the have a big 6 accounting firm give them a thumbs up on their financials I think the smart money (wall st) will stay out. I read II also. Andrew