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Cohen & Steers Global Realty Majors ETF Message Board

  • I_might I_might Apr 14, 1998 10:41 AM Flag

    Management answers questions in letter

    My shares are in street name. Just yesterday, I received a letter from Gristedes Sloan's dated March 10, 1998. The letter answered most of the questions on this board. Has anyone else seen this, and if so what do you think?

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    • dear sir
      why havesnt the stock traded since
      may 1
      thank you

      • 2 Replies to stork17
      • On the face of it--the company may be
        undervalued. Their recent results suggest growth. And the food
        retail industry is consolidating. Yet interest and
        volume in this stock seem quite
        limited? Are any
        NYC-area investors aware of problems that might
        impede
        appreciation?

        Thanks.

      • The 10-K and 10-Q forms that were to be filed by
        May 1 are not yet filed. The Dow Jones newswire said
        on about the 5th that they would be filed on or
        about the 13th. I am surprised they are not filed yet.
        I went on vacation and just got back. If they are
        not filed by Tuesday the 26th, I think I will call
        investor services to see if I can find out what is going
        on.

        The crux of the problem appears to be difficulties
        with the reverse merger when Gristede's and Sloan's
        merged with Red Apple. The rules governing the reverse
        merger are difficult to deal with, so says
        GRI.

        Dow Jones also said there was perhaps a $0.39 loss
        per share. If the SEC forms were not filed, I don't
        know what they base that on.

        If you hear
        anything let me know what and where you found it.

 
GRI
45.3484-0.1516(-0.33%)Apr 20 3:43 PMEDT