Shearson Financial Network (fka SHSNQ)

[mjc1]

Iwantmoney...

Everything I posted is what they told me. I stand by that.

"Lied" is a strong word, so I won't go there. I will go with "misled", "misunderstood", or perhaps "sandbagged". Obviously, the 8-K issued today contradicts what I was told.

In light of this, from now on I will not post the results of my conversations with these guys. IMO they are not the most forthcoming or accessible principals I have spoken to, so perhaps it's best this way. Mind you, I did NOT say dishonest.

While I don't like that they told me one thing and did another, the fact is that, as far as I can see, between RPT and Allstate they have added over $9,000,000 to the Net Asset amount they reported on the 10-Q. If the Outstanding shares are still around 300 million, they they've added an ADDITIONAL .03/share in Book Value, and we're trading below .02/share.

I've spoken to another boardmember privately, and we've discussed some possible reasons why the PPS may be down here. I will not discuss publicly, but we feel they are valid POSSIBLE concerns which have in no way, shape or form come to pass at the present time.