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Microcap & Penny Stocks : TASA. Can someone with KNOWLEDGE help!!!! -- Ignore unavailable to you. Want to Upgrade?

To: Bob Davis who wrote (356)	4/16/1998 8:09:00 AM
From: Gerald Merna	Respond to of 601

Congratulations Bob. The Napeague Letter was mentioned in PC World's latest article on online investing resources. Take a look at: pcworld.com Jerry

To: Bob Davis who wrote (356)	4/22/1998 6:05:00 PM
From: Thomas Kirwin	Read Replies (1) \| Respond to of 601

...Give Me A Break This was posted on the Yahoo! message board by a woman whose profile indicates occupation as principal. Can you believe that SI spell check picked out no less then three misspelled words. Stay away from her school! messages.yahoo.com@m2.yahoo.com brendakaplan (F/New York, NY) Apr 22 1998 1:45PM EDT This is a stock that seems much hype and manipulated by internet touts. More importantly, I worked for one of Drake's competitors a few years ago and have some concerns: 1. When TASA actually acquires Drake they will lose fiancial aid for a period of time because of the change of ownership. I understand that this could take three to six months (although regulations may have changed over the past two years). TASA is not exactly flush with cash. I suspect that over 90% of Drake's revenues are dependent upon financial aid? What is the plan for meeting Drake's obligations without revenues? 2. As I recall, Drake has problems with guranteed student loan default rates which could eventually cause Drake schools to lose financial aid entirely. Judging from the catalog, Drake has converted some of its locations to non-profit to cope with this problem. Does TASA have a strategy? 3. Considering their balance sheet, the stock repurchase and the impending temporary loss of Drake's revenues, TASA seems to be borrowing a lot of money to purchase a business they know nothing about. Do they even have a commitment from a bank? 4. The 8K says NOTHING. I requested by e-mail (on behalf of my investment club) that TASA answer some of these questions. No reponse whatsoever? Does anyone out there have any answers? Here Is Your Break.... jerboa1 Apr 22 1998 5:37PM EDT Ms. Kaplan, In each and every press release it is clearly stated, "For further information, please contact either Mr. Andrew Simon 914-277-8100 or Mr. John M. Dutton at 213-630-4401." I strongly suggest that start your do-diligence with these individuals. Of course, another information source is Ted Allocca Sr. and Jr of Comprehensive Capital. They can be reached toll free at 1-800-676-5727. You raise some good questions that I am sure will be answered by Mr. Dutton, et al. Of course you can wait until the SEC 8-K/A is filed after the acquisition. This document will contain SOMETHING regarding the entire deal. Please report back once your investigation is complete. Regards, Tom