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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme
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To: TokyoMex who wrote (892)6/1/1998 2:22:00 PM
From: musicguy   of 8798
 


GMTI News today new acquisition
biz.yahoo.com

Tokyo, I was in this one before the split, and you were mentioned on the GMTI thread, that is how I found your Cafe SI... (aren't you glad I did?)

Greenman gets paid to dispose of old tires, them strips the steel belts out,
recycles the metal, and recycles the rubber into "crumb rubber" (one of the uses of which is mixing with
asphalt to make more durable roadways...) They get $$ when a tire comes in, and $$ when the scraps go out.
They get paid on both ends.

Todays acquisition gives them another strategically located facility, and absorbs a competing tire recycling
Co..

Good looking company, and price is down today ... trading near it's post split low... @ 2 5/8 2 3/4 B/A
17,000 vol so far (well below avg)

For those who don't recall:
"GreenMan Technologies, Inc. develops, manufactures and sells ''environmentally friendly'' plastic and
thermoplastic rubber parts and products that are manufactured using recycled materials and/or are themselves
partially or wholly recyclable. For the nine months ended 2/28/98, revenues increased from $1.4 million to
$7.9 million. Net loss from continuing operations decreased 7% to $2.8 million. Results benefitted from
acquisitions. "

float 1.4 million

I am in @ 2 5/8

MG
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