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


To: Sasquach who wrote (4624)3/30/1998 12:50:00 PM
From: Goulds  Respond to of 7054
 
SASQUACH, before you begin, a good description of what is going on was on the front page,C section, of the Wall Street Journal, March 23, 1998.

ACRT is obviously a fine investment. Rated as one of the magic 25 by individual investor for 1998, as well as 1/2 a dozen more publications and sources. Their earnings speak for themselves.
About December, ACRT was seriously oversold due to all the publicity, and was priced about 30.
A group of somewhat shady investment managers and houses started shorting the stock, assuming it would go down. Nothing wrong with that, but, they went one step further. They have Mr Pink, start slandering and lying about ACRT, it's management, accountants and everyone else associated with the company.
They called up ACRT customers and said ACRT was going out of business. they did the same with insurance Companies as well as personal friends and contacts of key management personnel.
The price was driven down to below 11 on the slanderous garbage, and the fact that shortsellers far and wide jumped on to grab some of the profits as the shortselling frenzy continued.
Key West Securities, posing as a real analyst group, issued a sell recommendation on ACRT. The next day, they are temporarily out of business as the SEC is searching for their management to subpeona for another stock manipulation case. Further, it is discovered they hold a large short position of ACRT. They are tied in with Dan Loeb, of Third Point Management, and it is discovered they have joint offshore accounts. Mr Pink, works for Dan Loeb, usinf information Loeb supplies him in a twisted and maligning fashion.
When the dust settled, it was discovered that so many people shorted this company out of greed, that over 50% of the tradable float is now shorted. It will take 10 solid days of nothing but buying for them to cover.
Further, 25% of the tradable float is now owned by funds and institutions.
This has created a short squeeze. The price will go up due to a lack of tradable shares, and as the price goes up, the shorts will be forced to buy back the shares they shorted to cover their position, forcing the price even higher.
This is a very brief synopsis. For more in depth information with good links, ect I'd suggest you try wading through the Yahoo thread as well. Copies of all the Individual Investor reports can be found over there as well.
Here's their link: messages.yahoo.com




To: Sasquach who wrote (4624)3/30/1998 1:41:00 PM
From: scott  Read Replies (2) | Respond to of 7054
 
Post 4630 a brief synopsis?? That is the World of ACRT according to Davef. That was not written in the WSJ article...far from it.

Davef is either a paid employee of arct or just really a miserable person who has loads and loads of time to promote acrt.

Scott



To: Sasquach who wrote (4624)3/30/1998 4:11:00 PM
From: Mr. Pink  Read Replies (1) | Respond to of 7054
 
You should read the literature. Start with the ACRT going to zero thread and keep these points in mind. Don't forget that when you invest in ACRT you invest with criminal Amos Aharoni, fugitive from Israel who fled via camelian transport in the middle of the night.

MP

Started By: +Mr. Pink
Date: Feb 3 1998 6:50PM EST

NEGATIVES

**Company is run by criminal Amos Ahoroni. A fugitive from Israel and a scoundel who left
his debts behind in Israel.

read all about it

www3.haaretz.co.il.

**OUTRAGEOUSLY OVERVALUED. Company is overvalued with market cap at 18 of
$145MM and book of only $18 Million.

**Company derives most of it revenues from distributing air conditioning devices overseas.

**Revenues overstated due to booking TAD sales, essentially receivables financings, by
grossing up revenues to reflect total amount of financing instead of booking interest income
and fees as revenues. (see CAPF, a legitimate public factoring business for legitimate
accounting practices.)

**Meager earnings from TAD business.

**Accounting firm is bucket shop in New Jersey, not a legitimate big 6 firm.

**3 cfo's have left over last couple of years.

**financing drying up. Summit line cancelled. BVI line is totally bogus. company doesn't
exist. Sleazy reg D or S deals no longer an option due to exposure of criminality.

**TAD "patent" not enforceable. 10Q reads like puff piece. full of hype.

POSITIVE

**Excellent vehicle to minimize capital gains taxes in 1998.
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ABANDON HOPE ALL YE THAT ENTER HERE.