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Microcap & Penny Stocks : GBFE - GOLDEN BOOKS FAMILY ENTMT INC -- Ignore unavailable to you. Want to Upgrade?

To: Jules who wrote (327)	2/16/1999 8:44:00 PM
From: tom pope	Respond to of 476

>>Why would the company put out a positive news release if they were bankrupt?<< Because they are bankrupt. >> And if they did it to raise the share price isnt that a bit unethical?<< Not really. It's self-preservation. Well, maybe you're right. It is a bit, a little bit, unethical. Which doesn't mean that GBFE isn't very tempting at these prices.

To: Jules who wrote (327)	2/16/1999 8:57:00 PM
From: Bill on the Hill	Read Replies (2) \| Respond to of 476

No one will probably ever know what happened behind the scenes today. As far as unethical actions by GBFE what is wrong with a company trying to get the best deal for their shareholders or promote the company? If the news was real and they were moving ahead with marketing of their books over the internet then the timing of CNBC's comments were very suspicious. Just read this report and it will tell you what the Street thinks of daytraders. cbs.marketwatch.com Could have been a matter of trying to keep the share price down. Could be a matter of holding the daytraders back. Could be that CNBC is nothing but an arrogant bunch of a**holes that they are. Any way it shakes out the little investors are learning the game and the rules are changing daily. We better get our game plan down and learn to outflank them. This is war folks and we are on the frontlines. I think we better get used to it as the powers that be will do more than little tricks like this to shake us out of their tree. We have come to the party dressed in blue jeans and without our engraved invitations. It is really pissing them off. The fun is just beginning. Bill on the Hill - wearing fatigues.

To: Jules who wrote (327)	2/16/1999 9:10:00 PM
From: Sethpop	Respond to of 476

Suggest you read the old threads on Bradlees, Caldor, Discovery Zone, Ames, Edison Brothers, Marvel, Mercury Finance and all the other public companies that have filed Chapter 11....Shareholders can't believe they were wiped out while the stock was allowed to continue to trade and the companies continued to release information (sometimes positive) about their current operations. If you look at the balance sheet of this company...what you realize is that whomever decides to "acquire" them (whether it is current management and noteholders, Disney, etc.) need not give anything to the common shareholders...Any rational purchaser would require a Chapter 11 to "cleanse" the company before creating any contract...Why carry all of the "sins of the past." This company is gone in its present form and the current shareholders, at best, will get a virtually worthless "out of the money" warrant to shut them up...if they do that well!! The reality is that the common shareholders are at the very BOTTOM of the feeding trough once a company is in the kind of financial straits that this one is in...notwithstanding its wonderful INtangible assets.