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


To: Goulds who wrote (4430)3/25/1998 10:55:00 PM
From: Jean-Philippe Chevalier  Read Replies (2) | Respond to of 7054
 
Dave,

As you have abdicated your leadership of the Actrade long position, I find it strange that you are sending me a post. As you know, I am not affiliated with Dan Loeb or any of you financial district moguls. I represent the small investor here. I don't care about your opinion on Actrade's use or non-use of GAAP. I want the little guy to be aware that questions in this area still exist. A determination can't be made just by reading posts such as yours on this thread. So far, there is no basis for the current valuation of Actrade's stock. You won't post it and Actrade won't post it. It should make one think.

I do not presume to be able to affect the stock price in any way. Most of the share are in the hands of institutions, long or short. A few buys or sells here or there has little impact. You know this to be true as well. I am not here to stir up trouble or create controversy. I just call 'em as I see 'em. If you would like for me to quit calling you a liar, then I suggest you quit lying. That is pretty simple, isn't it. For example, the statement that just got you in trouble was the GAAP thing. Now I know that if you KNOW that Actrade complies with GAAP, then you have looked at the books as an accountant or as an insider with the aid of an accountant. If true, this would mean that you lied about not being associated with Actrade. Now if you are not an insider with Actrade, then you lied about your KNOWLEGDE that Actrade complies with GAAP. It is that simple. Oh yes, the other possibility. You assumed from information posted on this thread that Actrade complies with GAAP. Then you would be a fool and a liar as it would be foolish to base an opinion on the banter posted here. I think you are many things, davef, but I don't think you are a fool.

One other thing. Neither one of us believes that my question about the top five TAD customers is stupid. You said yourself last night that disclosure would clear the air for a lot of small investors, my constituency. So with that said, I don't think I will go away. I will instead continue to post my intelligent posts here for all to read and contemplate.

You are welcome, Dave.

Don



To: Goulds who wrote (4430)3/25/1998 11:57:00 PM
From: Mr. Pink  Read Replies (1) | Respond to of 7054
 
Kinder, Gentler, Pink:

Davef: Could you please explain why ACRT should book revenues as the gross amount of the TAD transaction, rather than booking interest income and fees generated as revenues? This is the method favored by Capital Factors, a close comparable. Mr. Pink has retained a big six firm to study ACRT's accounting methods.

He should have the results next week.

Mr. Pink