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Non-Tech : London Pacific Group - LPGL doubles... -- Ignore unavailable to you. Want to Upgrade?

To: DwcOkla who wrote (154)	4/15/1999 8:47:00 PM
From: maven2010	Read Replies (5) \| Respond to of 737

I had to come back to respond to this one. Very funny, indeed. I love getting flamed by people that don't have a clue. Christ, I make $100 million investments for a living! You don't get to that position by day trading internet stocks. . . Have you ever seen US GAAP financials from the majority of European companies that have level I ADRs on NASDAQ? How about for Japanese companies that trade on the pink sheets? Ever seen US GAAP financials for those? This I would pay to see. Nope, you haven't, and likely never will. Do you even know what a level I ADR is? Example: Fortis AMEV is one of the largest financial institutions in the world, and they have a level I ADR that trades under FAMVY. Do they present US GAAP accounts? No, they file a 20-F instead, and if you are a shareholder you get an annual report in English--but with the Dutch GAAP accounts. I would direct you to the Deutsche Morgan Grenfell website where they have a complete discussion of the differences between various ADRs, and the exemptions to SEC reporting requirements for level I ADRs. adr-dmg.com You are clearly just as masterful with your use of the English language as you are with your knowledge of SEC requirements. I imply. You infer. Get it? You inferred that there is something underhanded about LPGLY's accounting from my post. I merely stated that capitalizing one time balance sheet gains is not intellectually honest, since no buyer will pay more than 1x for gains that are not, by their nature, recurring. Get a clue before flaming away. Let me know the next time you've got a $50 million position to move. . .I'd be glad to take the other side. maven