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Technology Stocks : ALU - Allou Health & Beauty: Another Web Play -- Ignore unavailable to you. Want to Upgrade?

To: AJ Berger who wrote (372)	5/9/1999 12:23:00 PM
From: Questerr	Read Replies (1) \| Respond to of 418

"the online community is only now coming into flower. that there is some online distribution priviledge that is no longer allocated is ridiculous, as E-Commerce is only now coming into it's own." Where in any of my aforementioned statements did I refer to exclusive on-line distribution rights? "I know how desperately you ALU holders want to get your money back, but don't spread garbage in the name of company princeaples unless they are willing to publish them in company press releases or as part of their 10K or 10Q statements of company assets since if they truely were assets worthy of NYSE consideration, they would have already been inventoried officially, and not as part of some candid conversation with a typical shareholder, no matter how resourceful" As human beings, generally, I don't think we are always cognizant of the treasure troves we have even in our grandparent's attics (antiques, etc.), let alone our own closets. Again this license has grown in value over time - didn't have much intrinsic value very long ago. Determining its exact value might be difficult given that it is an illiquid asset. Remember Allou is pointing to this recent acquisition as a proxy for its possible value - they would never publicly announce we are assigning an unverifiable value of X to our balance sheet for the license! Don't you think companies like GE or USX may own or lay claim to assets which could be deemed valuable - that might not make it onto their balance sheets or that they were previously unaware of? Would US Steel be remiss if one of its plants sat on top of a diamond mine and they didn't know it? Allou's license is not a gem, it is just a piece of paper giving them certain rights - you tell me how you would determine its worth using GAAP principles?