To: dkgross who wrote (2136) | 7/13/2000 10:14:58 AM | From: LORD ERNIE | | | News a few days old:
-- Gourmet's Choice Coffee Co., Inc. (OTC Bulletin Board: GMCH) announced today that the Company's accountants have made substantial progress with regards to the completion of the financial statements. The Company anticipates completion of its financial statements within the next several weeks.
In other news, GMCH announced that it anticipates the closing of the acquisition of the roasting facility to be completed this week. The Company also wishes to remind shareholders that the Rights Offering for Gourmets Coffee.com, Inc. is scheduled to terminate on July 14, 2000. Any shareholders who have questions concerning the Rights Offering, please call 972-788-4193.
Gourmet's Choice Coffee Co., Inc., is a United States Holding Company whose strategy is the acquisition of both domestic and international beverage companies that complement its existing business, distribution and product lines.
For further information contact investor relations at 800-324-3464 or visit gmch.net. |
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To: LORD ERNIE who wrote (2140) | 7/19/2000 9:39:53 AM | From: George Castilarin | | | Does anyone here know much about coffee prices, and how to play them. The frost in Brazil seem like it will sent the prices through the roof.
July 18, 2000 CLOSING N.Y. COFFEE: SEPTEMBER EXPLODES TO $1.2200 Coffee futures exploded higher since the opening, reaching a high of $1.2000 and early in the afternoon, September delivery reached the session high of $1.2200, erasing some gains in profit taking by the close. December delivery reached a session high of $1.2485 late in the session, also erasing some of the gains by the close, but both closed with huge gains in wild action as is usual in a weather-related market, traders said. "Severe frosts in Brazilian coffee areas are in the market and participants think that September delivery could easily reach $2.7800 by the end of the month and could even go higher to test the lifetime highs of coffee prices in the New York market (CSCE), of $3.3800, high reached 25 years ago today, on July 18, 1975, when a black frost hit the Brazilian coffee growing areas," an analyst said. "Now, everybody is buying September and December contracts as they see prices being very cheap now and they could easily be duplicated by month's end so they are analyzing how and when the strong rally caused by the black frost in 1975 started, and reached the $3.3800 high," the analyst added. |
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To: George Castilarin who wrote (2141) | 7/19/2000 12:46:24 PM | From: LORD ERNIE | | | You can buy coffee on the special future market let us say for January 2001; You don't have to pay the coffee you buy, but if the price goes down you have to pay the difference and if the price goes up they pay you the difference; You have only to give a ganrantie!Because I am playing in Europe (Amsterdam and London) the terms could be a little different ;-$))) |
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To: LORD ERNIE who wrote (2142) | 7/20/2000 10:03:43 PM | From: Roy F. Baker | | | Ernie, Every stock you get in seems to $hit the bed! What in heavens name does this statement mean <<You have only to give a ganrantie!>> (which you wrote in the previous post) other than there is a reason your picks suck. How do you expect someone to take you seriously when you send out statements like that? |
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