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Strategies & Market Trends : Mick Orgas looks into his Crystal Ball.... -- Ignore unavailable to you. Want to Upgrade?

To: CJacks who wrote (309)	3/26/1998 7:58:00 PM
From: myturn	Read Replies (2) \| Respond to of 461

I personally can't vouch for Trader Jimmy's rumor, but I do know from being very DD over the last couple of weeks, something big is up with REDI. You need to pull up REDI on SI and on Yahoo. These are qoutes from Sanford Waddell that I've posted on yahoo and SI. 1.They only have 8 million shares outstanding. 2.The bankruptcy is not finalized. 3.They will issue a press release when it is finalized. 4.In the 10Q, it states that they will remain a publicly traded company, with a carry forward of 12 million in future tax write offs. 5.They have no interest of reorganizing. 6.The 10Q also states they will have 8 million dollars in notes. Whoever takes over this shell will have all of these assets. REDI closed @.025 up 78% from previous close. If a company wanted to purchase REDI at today's close, they could buy it for $200,000. I personally don't believe Sanford will sell it for less than .50 a share. If what Jimmy is saying is remotely true, which could be very possible, even at .75/share, that's a bargain. Especially with all these assets.