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Microcap & Penny Stocks : TFRY (was FRYA) Tasty Fries, Inc.
TFRY 0.000010000.0%Dec 5 9:30 AM EST

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To: Chris O'Keefe who wrote (1785)1/27/1999 9:04:00 AM
From: Chris O'Keefe  Read Replies (2) of 2405
 
<<Has anyone visited to check the machine out? >>

OK, OK, I see now that this isn't so necessary. I've done more research and it appears the machine has been seen and tested on many, many occasions. The problem appears to be bringing mass production assembly costs down to something reasonable. From what I read, CEO Kelly wants to sell these machines at $9,000 a pop, but for him to make one is many times that cost.

For others of you doing DD, I did myself a favor and read news clips on TFRY dating back to over a year ago (See tastyfries.com ). The picture is much clearer to me now--the company has made claims that they were exiting the development stage...yet here they are, still in development stage. In spite of the negativity here on the thread (which is deserved), I confess that the reasons for the delay appear to me legitimate. Kelly discovered that he needed a better method of mass production, and that's what he's now working on.

The negativity here is deserved, however, because of some of the incredibly bold statements put out in past TFRY news releases stating that contracts were in place and vending machines would be shipped out within 60 days. These statements were almost shamelessly optimistic and still Kelly paid himself a six-figure salary. Doesn't look good in my eyes.

Still, this is now on my radar. An interesting stock to say the least.

Chris
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