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

To: Garfield who wrote (1573)	7/24/1998 10:03:00 AM
From: StandFast	Respond to of 2595

Bought more yesterday to average down. It seems AWLT usually drops to this range then goes back up to the .20's . Anyone else notice this trend? Even without news this is cheap!

To: Garfield who wrote (1573)	7/24/1998 10:10:00 AM
From: Ferick	Read Replies (1) \| Respond to of 2595

I was able to access www.wineinvestmentnews.com this morning and read and reread the info. One interesting point made is this: 3. Should it be determined that there is any problem with the valuation of the transaction (which was approved at the time by its independent auditors, Goldenberg, Rosenthal, Friedlander), the company will immediately restate- as and if required- the asset value thereof, and publish such restatement, as it has done in the past. At this point, the current value of the advertising time is worth $160,000. This is easy to fix. All that needs to be done is for the auditors is to re-evaluate the transaction and the company issue a statement to the effect and everyone is happy.......except the stockholders. I can understand why there has been no advertising yet. I wouldn't start work on $5,000,000 worth of tv ads if I thought it would only generate $160,000, either. And by the way, the info at www.wineinvestmentnews.com sounds very credible and factual. Now we have to wait and see what another lawsuit will bring. This company may be tied up in litigation long after we're all dead and gone. What a way to run a company. The right hand doesn't know what the left hand is doing and nobody talks. I can just imagine how Mr. De Santis got his current position. Nah, Lou, you don't have to know nothin'. All you have to do is sit there and answer the phone and play dumb if anybody asks what's going on. I can just see the sign on the door; "Closed, gone acquiring." I'm inclined to buy Perdue's story. I'll bet he's got a tape of the conversations. I know I would. What about that letter under the IBD letterhead? I think that is a no-no also. Blame it on Zangani.