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Strategies & Market Trends : Resource America (REXI) -- Ignore unavailable to you. Want to Upgrade?

To: PaperProphet who wrote (123)	9/30/1998 9:23:00 PM
From: Pluvia	Read Replies (1) \| Respond to of 220

<<<Do you have a source for your information.>>> Yes of course, as you shall soon see. Try looking at some of my past research, it might give you a better feel for the quality of my work. The accusations in this research bit I did had not until my post been reported anywhere. Since my report, SRCM admitted losing customers valued at $25.9 million (a majority of their recent $44.6 million Brite & VNN purchase). The company has also been served class action law suits by 10-12 law firms accusing them of fraudulent reporting in their Q's, failing to inform shareholders of the loss of customers (which they now admit was valued at $25.9 million), while insiders sold a boatload of stock. Message 5495492 After this bit, all of the accusations I made against the company were admitted to be true by the company. They were served with 10-12 class action law suits, in which they were accused of making fraudulent press releases and miss-reporting financials in their Q's. Their stock was halted about 5 months ago, due to their auditor quitting and pulling their 97 opinion, and the NASD has initiated de-listing procedures Vs the company. fool.com Hope this helps Steve