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


To: Norman Stone who wrote (649)3/16/1998 10:27:00 AM
From: JOE TURMAINE  Read Replies (1) | Respond to of 2595
 
Norman, my only real objection to the post was the reference to the other stock being relegated to a 4 cent pink sheet stock. I took that as a scare tactic, regardless of motive. I do appreciate sincere post pro or con. From where I sit I need all the info I can get.
I agree 100% that "AWLT is being very straightforward in trying to meet the NASDAQ listing req's."
Happy lurking!
JOE



To: Norman Stone who wrote (649)3/16/1998 3:54:00 PM
From: TLWatson59  Read Replies (1) | Respond to of 2595
 
Norman: Thank you for your vote of support. Joe, however was right in questioning why I would make comparisons between AWLT and any other company. The truth of that matter is very simple. It was not the fact the other company's stock was now in the pink sheets or trading for a penny or two. What caught my attention was the similarity between the two transactions. In both cases, stock was exchanged for a supposed commodity with a stated asset value in one case of $4 million when the actual market value of the shares of the issuer was approximately $60,000 and $5 million in the case of AWLT when the actual market value on the date their shares were issued to Access America was approximately $750,000.

Simple common sense should tell someone that some other kind of quid pro quo had to have been agreed to by both issuers to Access America. In the case of MTCI, we know what that was. It was a guarantee to issue more shares which would equal the original $4 million credit extended to them. Unless the management of Access America ranks among the world's most prolific philanthropists or on the other other extreme, the world's biggest fools, it would only seem reasonable that some type of guarantee or other goody had to have been granted to them by AWLT. This would seem especially so in light of the fact today's stock price is less than half the market price when the 2,000,000 shares were issued to Access last summer.

Then again I may just be a whacko with a suspicious mind.