Tokyo Joe's Cafe / Societe Anonyme Message Board

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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme

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To: Andrew H who wrote (2701)	6/4/1998 10:19:00 PM
From: Dave Gore	Read Replies (2) of 8798

I called their new PR firm and had a heart to heart and I received an investor packet. The Dec filing says they have just under 10 million shares (incredibly low) , but it is true that since then there have been perhaps 10-30 million more shares added. It apparently is really hard to know for sure. They really are profitable and there really is no apparent reason other than the shorters, and naked ones at that, for the low stock price. They are driving this thing down to be able to purchase more shares at some point. Pure and simple. You are all familiar with this type of scam now by the shorters to acquire more shares, since the # of shares they receive is based on a DOLLAR AMOUNT THAT THEY NEGOTIATED rather than a SPECIFIC # OF SHARES, so the lower the stock price at exercise time, the more shares they get. When the stock price does go up, they make more money. those that know...do I have this right? It was stupid of the company to craft the deal this way to gain neded financing, but many did and now this is usually the result, I am told. I suggest any interested pull up the latest news release and call the PR firm or check the PKGP thread. Maybe you can shed more light on this.

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