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

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To: Rock_nj who wrote (4725)6/17/1998 1:04:00 PM
From: BigWave Dave   of 8798
 
ARXA- fast mover news

From: Patrick Gundlach Tuesday, Jun 16 1998 11:27PM ET
Reply # of 232

News items are ready to be released. They are now waiting for market conditions to be right to release, so I'm not sure what day it will be. They'll announce a sale of a nearly non-producing oil well to a Fortune 500 company for $840,000. This will more than provide the capital to rework their offshore wells, allowing them to begin producing. Also, they've secured $2 million in financing at very favorable terms.

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