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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Spunky Beaver who wrote (2314)	8/29/1998 8:12:00 PM
From: Phil(bullrider)	Read Replies (1) \| Respond to of 18998

Spunky, I don't see how anyone could list LHSPF with the other scam stocks that have been mentioned on these threads unless they were mistaking LHSPF for LHSG. That is why I questioned Christian when I thought he implied that it was the same company. He has since admitted he was in error, therefore I agree that it would be perilous to short LHSPF. I would simply like to offer my personal history on LHSPF. I went long at around 46 a while back. It climbed to around 90 and split, and proceeded to around 60. Then it began a decline, whereby I sold my original shares to secure my investment, at around 49. It would have to fall to "0" for me to lose money, and since I believe it to be a sound investment, I don't plan to sell anytime soon. Just a couple of thoughts from a "bull". It may still be overvalued, but not when your cost basis is zero. Short it if you like, and if you can convince me that I should, I might sell and short it too. Until then, Good luck, and have fun, Phil

To: Spunky Beaver who wrote (2314)	8/29/1998 8:29:00 PM
From: Phil(bullrider)	Read Replies (1) \| Respond to of 18998

To All, Some info on sexi REXI, <<<<<<<<<<<<<<<<<< Message 5618232 <<<<<<<<<<<<<<<<<<< To: +Alec Epting (3 ) From: +Candle stick Friday, Aug 28 1998 7:10PM ET Reply # of 5 Resource America Authorizes 50 million dollar Buyback Friday August 28, 1:39 pm Eastern Time Company Press Release Resource America Authorizes Buyback PHILADELPHIA--(BUSINESS WIRE)--Aug. 28, 1998--Resource America Inc. (NASDAQ:REXI - news; the ''company'') announced today that its board of directors has authorized a repurchase by the company of up to $50 million of its corporate securities. >>>>>>>>>>>>>>>>>>>>>>>>> Just seems to me that management is attempting any last ditch efforts they can to salvage what is left. Just because they announce a stock buyback, doesn't mean they will purchase a single share. Just in my humble opinion, Phil

To: Spunky Beaver who wrote (2314)	12/16/2000 12:30:17 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 18998

A call from the past..... ....http://www.siliconinvestor.com/readmsg.aspx?msgid=5622604 and what's going on nowadays: >>>>>>>>>>>> Lernout to detail restructuring next week By Gilles Castonguay BRUSSELS, Dec 15 (Reuters) - Belgium's beleaguered Lernout & Hauspie (L&H) said on Friday it might disclose plans to sell all or part of itself next week when it appeals against a recent court decision denying it bankruptcy protection. The developer of speech recognition technology also said it would give more details about the state of operations when it files its appeal in the western Belgian town of Ghent early next week. ``We are going to put it together in a restructuring plan,'' L&H Chairman Roel Pieper told a conference call, the latest in a series designed to keep the market abreast of developments. ``We are continuing to discuss with outside parties with potential interest in parts of the company and the whole of the company,'' he said. "Some of these discussions are at an early stage, some are more serious. ``We are going to consider everything possible at the moment as we try to get the concordat,'' he added, referring to the Belgian equivalent of U.S. Chapter 11 bankruptcy protection. L&H's translation business is seen as the most attractive to suitors since it runs virtually independent of the other units. Fortis analyst Patrick Michielsen said L&H needed help to stay in business. ``The restructuring is going to depend on outside partners,'' he said. FALLEN LEADER L&H used to be a leader in its field until reports about discrepancies in its sales figures came out last spring, prompting a fall in its stock, the opening of two regulatory investigations, and a slew of lawsuits. It also saw the company order an audit of its books, which eventually led to it announcing a restatement of its financial statements for the last two and a half years. The complete results of the KPMG audit have to be released. ``Next week, we expect to have an update...(of) items on our financial structure...to include in the appeal,'' said Pieper. L&H has received $20 million out of a total pledged $35 million in debtor-in-possession financing, an amount which Pieper said would keep the company running for months. L&H's stock has lost its listing on the U.S. Nasdaq market after having been suspended from trade for more than a month. It remains suspended on the Easdaq exchange in Brussels. Pieper, who defended L&H's previous restructuring plan that was part of its rejected plea for bankruptcy protection, said the appeal would seek three to six months protection. The commercial court of Ieper, the western Belgian town where L&H has its European headquarters, rejected its request on December 8, saying it did not have enough financial information or a satisfactory business plan. The court's decision came less than two weeks after L&H got U.S. protection from its creditors, who called in their loans. On Tuesday, the commercial court granted a request by Deminor, a consultancy representing more than 1,000 L&H shareholders, to appoint a board of administrators to oversee L&H's assets, preventing it from selling them without its consent. Pieper welcomed the move, saying it gave L&H some of the protection it had sought.