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Non-Tech : GRIN (Grand Toys International Inc) -- Ignore unavailable to you. Want to Upgrade?

To: Frank McVerry who wrote (160)	3/13/1999 5:44:00 PM
From: katmando	Read Replies (1) \| Respond to of 495

Frank, Good comments. I'm still sizzling. 1. "Is mgmt committed to making changes...?" I don't know. Their e-mail response was heartening. No bs. I don't know if their changes will help. Can we risk sitting this out 'til they decide to announce 1Q Earnings? 2. "Exchange rate problems in '99" I don't know. This needs to be examined. 3. "How is TOY doing in '99" Better,IMHO. TOY went from high of $ 35 in '97 and landed with a thud in Feb 98 @ $15 approx. Lately, up to $18 level in last few days. The Furby is a rabbit that mgmt keeps releasing. We chased that rabbit all over last qtr only to discovered that it was not very important to earnings. Now, GRIN has released a new rabbit: 50 % increase in sales in Jan & Feb '99. I told CFO it looked like hype. He replied, in writing, that it was a fact. So, 1Q99 will be a big Qtr. Key Issue: Can GRIN take increased sales to the Bottom Line in 1Q99??? Key Issue: Does GRIN really care about it's external shareholders when the float is only a tiny 300K out of 1.6 Mil shares??? CFO wrote something about wanting to make amends to shareholders in 1999. Like I said, I'm sitting on this for a few more days because I remember what a rotten company AOL was in '96 and '97. Gotta be careful about dumping something that may be of value. Kat