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Spectrum Group International Inc. Message Board

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  • speakupbebrief speakupbebrief Jan 29, 2007 6:01 PM Flag

    ESCL's 2003 to 2007 Non-Reliance on Previous Financials, Audits or Interim Review

    Thanks for the great "heads up."

    Why not just short the stock and keep all the money you are going to make for yourself?

    Personally, I'm waiting for the earnings report.

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    • i've been waiting for earnings since Sep 13th.

      They tease earnings,.

      They just don't report.

      This company can't survive.

      They have made dozens of Keystone Cops type moves that make the SEC investigation and the dozens of class action suits likely to cost them millions.

      Eventually, the Spanish authorities will take control and liquidate.

      Now we know...

      the only money they made ...they didn't really make... and they don't let is know how much they're losing.

      I'm still short.

      When the company was delisted I had a price of $3 to cover.

      Amazingly, it hasn't gotten there yet.

      • 1 Reply to oopakcuh
      • I completely understand why you were short ESCL at one point, but being short now makes no sense unless you are a thrill seeker with a financial death wish. ESCL has its issues to overcome no doubt, but it is nowhere near the train wreck many unscrupulous posters have claimed it is.

        There is much better risk/reward short plays out there, this one has already produced a lot of fruit. In spite of the famous quote; "greed is good" you may wish to take another quote into account...."...pigs gets slaughtered."

        If you keep pushing it trying to squeeze that last drop out of something, then you would deserve to lose it all back on a quick run up. Only a fool would ignore the facts that many people are still infatuated with this company, it has a small float, and there are still many short shares to be covered.

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