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

To: Slim Pickens who wrote (1157)	6/9/1998 5:29:00 PM
From: Ferick	Read Replies (2) \| Respond to of 2595

The following is from Eric Thurston.: Hey fellow AWLT thread posters: Can someone please post this message for me? In response to Lazarus's posts, could someone please point out to him that the case is being tried in NY Supreme Court. It is my understanding that to appeal it would mean it would need to go to the New York Appeals Court (which really is designated to decide extremely difficult cases which can then serve as precedent for future decisions in the supreme court) or to the US Supreme Court. Could someone also please point out to him that the stock is trading on a number of factors, not just favorable ruling in the Danielle case? If audited financials show FY97 EPS of 0.025, that would put current PE at < 10. This would make AWLT severaly undervalued, whether the Danielle ruling is favorable or not. If the ruling IS unfavorable, AWLT has already stated that it would expect to reduce the previous financials by no more than 10% in any category. This, in turn, could not amount to more than a 10% reduction overall. If reduced to FY 97 EPS of 0.0225 (reduction of 10%), this would put current PE (which is trailing!) at around 11. Thus, whether the ruling is favorable or not, AWLT is an undervalued company with bright prospects. If Lazarus sold for his own reasons, fine... but he needn't assume that he has the definitive answers as to why others might hold or might buy at current levels. Thank you.

To: Slim Pickens who wrote (1157)	6/9/1998 11:58:00 PM
From: Lazarus	Respond to of 2595

There is one other concern that I have.... AWLT ran up to .28 in March and fell back down. This means that there are a number of folks who bought the stock at .28 then [...and a couple of days ago] ....who, if they haven't sold, would probably be happy to see the stock get back there so they can sell to break even. As for me....there is no one here who has a clue as to how strong or weak my hands are. But I know this....most of you ...like me, bought at much lower prices...and if the stock begins to show weakness...I speculate you guys...regardless of what you say, will start hitting the sell button. YOU WILL RISK YOUR PRINCIPLE - BUT NOT YOUR PROFITS. I figure some of you ... like me ... are sitting at your station all day with REAL TIME ...watching every friggin tick....and when you see more RED than GREEN...SELLS over BUYS...your gonna dump. Now ... that is what I speculate... and I consider myself to be better at speculating than investing. Lazarus