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Microcap & Penny Stocks : ABTX - Agribiotech -- Ignore unavailable to you. Want to Upgrade?

To: R Hamilton who wrote (6990)	1/15/1999 4:14:00 PM
From: sherine elgohary	Read Replies (2) \| Respond to of 8359

Bizarre is right!!! Will the company issue a statement I wonder. I hope this does not jeapordize negotiations. Has anyone spoken to JF about it?

To: R Hamilton who wrote (6990)	1/15/1999 4:29:00 PM
From: InvestorLady	Read Replies (2) \| Respond to of 8359

I just got off the phone with JT who was kind enough to return my call...he was calling as many as he could while putting together a response press release. Look for one soon. As far as the charges in the Weiss lawsuit, remember ABTX went through a full SEC review and did not restate anything. I learned that ABTX has gone through a second review due probably to all their financings lately and no changes were made, NO restatements. Additionally, I think it is important to look at the general market the dates of ABTXs highs and lows and how far other Nasdaq stocks were trading off their highs as well. It was a horrendous summer. Even though ABTX was getting hammered by the shorts, they have pulled out of it. The 20% they are talking about in the lawsuit is in regards to the adjustments made based on WHEN ABTX recognized revenue. Remember that change? ABTX was going to do it July 1 with the NEW FISCAL YEAR, it was planned that way. But to avoid SEC delays they pushed that up to April 1, to book via acquisition date and not a prior agreed upon date as they had in the past. ABTX was in the practice of effectively manageing the business for a period of time, prior to taking ownership. This was to avoid any surprises and it worked for one company that they ended up not buying. Given the company's biz is heavily weighted in the second quarter, this ownership recognition change did have an impact on how the numbers showed up on the books, for ABTX, but they own those companies outright now. This is not illegal, wrong or even a major issue, imho. Look for a release to see what JT has to say. Given the way the stock reacted, perhaps the worst is over? We do havea 3-day weekend for this to be digested. Frankly I expected a much bigger drop from this news, even hedged a little. The strength of the bounce off of 13 1/2 was good to see. Another day in the SAGA of ABTX. Lady