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Microcap & Penny Stocks : AWLT wines and gourmet food - Italy Direct -- Ignore unavailable to you. Want to Upgrade?

To: Slim Pickens who wrote (641)	3/15/1998 11:37:00 AM
From: JOE TURMAINE	Read Replies (1) \| Respond to of 2595

Slim, I do not believe that NASDAQ would second guess a reputable accounting firms audit. If our auditors accept the pre-paid advertising NASDAQ would not likely question its legitimacy!! Our auditors owe us nothing and would not compromise what is legitimate. They will deal only in "accepted accounting principles". We got a super (IMO) deal on the advertising, but if it's good enough for the auditors then why would NASDAQ question it? If we were relying on the advertising for the vast majority of our asset base I can see there being some question raised, but this is not the case. JOE

To: Slim Pickens who wrote (641)	3/15/1998 4:12:00 PM
From: TLWatson59	Respond to of 2595

Management Technology (MTCI) claimed a $4million asset in prepaid TV Advertising with the same company that AWLT made a deal with, in order to hold on to their OTC-BB listing. In both cases the companies exchanged shares of common stock at a value far exceeding the then market value of the stock. Check the AWLT news release see the value placed on the shares they ostensively sold to the Louisiana TV Advertiser in exchange for air time then check the market price of the stock. If that advertising time had any real value would you accept those shares at a value of say $2.50 per share when for that amount of money you could have bought say 10 times the number of shares in the open market. Unlesss of course you were allowed sell those shares anytime you wished and could cash in essentially freebee stock for bucks. You may want to put through a call to NASDAQ listing in Washington DC and put the question to them.

To: Slim Pickens who wrote (641)	3/15/1998 4:46:00 PM
From: TLWatson59	Read Replies (1) \| Respond to of 2595

SlimPickens: From the 8K issued by MTCI in August, 1997:, " the Registrant (the "Company") entered into two subscription agreements to sell an aggregate of 10,000,000 shares of common stock of the Company to Nethold Limited and to Starington Holding, Inc. for a total cash consideration of $600,000. Shares issued pursuant to these agreements are not registered and bear a restrictive legend." " On July 3, 1997, the Company entered into a subscription agreement to sell 2,500,000 shares of common stock of the Company to Hillside Industries, Inc. for a consideration of $150,000. Shares issued pursuant to these agreements are not registered and bear a restrictive legend." "On August 15, 1997, the Company entered into an agreement with Access America, Inc. ("Access"). Access to purchase advertising time on certain networks with a fair market value of $4,000,000. The Company agreed to issue Access 2,000,000 shares of common stock valued at $2.00 per share and further agreed to issue Access additional shares of common stock if the company's common stock is traded below $2.00 per share on August 11, 1998, such that the total value of the shares issued and issuable to Access shall be $4,000,000." Thus in a similar time frame MTCI sold 12,500,000 at .06 per share yet one month later with no appreciable change in market price Access America accepted 2 million share valued at $2 per share for $4million of advertising time. There was of course a caveat in that MTCI had to agree to increase the number of shares to whatever number times the market value on August 11, 1998 would equal $4 million if the market price were below $2.. The only drawback to that proviso is that currently MTCI stock now trades in the Pink Sheets at less than 4 cents, having been delisted by NASDAQ for failing to meet financial requirements. The company has already entered into agreements which call for them to issue more shares than are authorized (200 million) and now come August 11, 1998, Access America is left holding the perverbial bag. So unless the people at Access America are the world's biggest fools, which I seriously doubt, it isn't difficult to put a real value on any "advertising time" they exchange for stock.