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Ascential Software Corp. (ASCL) Message Board

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  • InvestmentGuru2001 InvestmentGuru2001 Apr 5, 2002 3:39 PM Flag

    Another possibility...

    Nobody wants ASCL. PG is not viewed as a legitimate CEO, and the company has ZERO earnings and no salable product. Maybe some small Internet startup may buy ASCL's hard assets, like its computers and furniture for around $300K after the company goes bankrupt in less than a year. In the meantime, PG will have lined his pockets with millions of our dollars.

    We should have sued two years ago when I proposed another class action suit. Now, by the time a lawsuit could go forward, there will be NO assets left to sue for.

    Face it. We have all been ripped-off completely by PG and BOD. The good news is that you'll have a write-off on this year's taxes.

    My prediction? Bankruptcy by December of this year, although PG would probably like to hasten it to September.

    We have been played as the biggest suckers in the market, right behind those investors at ENRON. But at least at ENRON, some people will go to jail. PG simply got away on his incompetence...

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