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Microcap & Penny Stocks : IELSF-Flight to Fortune Or? -- Ignore unavailable to you. Want to Upgrade?

To: Carl R. who wrote (421)	10/16/1998 1:07:00 AM
From: Intrepid1	Read Replies (2) \| Respond to of 520

Carl, thanks for the explanation. It makes perfect sense if they have already converted their shares. If this is indeed the case, the company has been less than forthcoming with some of its major shareholders. If the "bandits" have not yet converted, their recent selling appears to have violated the uptick rule. The company under the leadership of Mr. Geller clearly failed to anticipate what Zeev Hed warned this thread about several months ago. As Chairman of the company which has lost 90% of its market value due to events which were obvious even to outsiders, Mr. Geller must take full responsibility and resign immediately. Harrah's, who placed Mr. Geller in charge, must now use its influence as the controlling shareholder to oust Mr. Geller and name a new and more shareholder friendly Chairman. purething