Afton Foods ( AFF ) -Franchise Consolidator Message Board

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Microcap & Penny Stocks : Afton Foods ( AFF ) -Franchise Consolidator

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To: J.C. who wrote (4)	2/15/1999 9:43:00 PM
From: David Michaud	of 60

Update on TSE Listing Application: Final documentation has been submitted for TSE review. All TSE requests have been satisfied. It will likely take the TSE 10-14 days to review the material - hopefully, there will not be any further questions or queries. Looks like the listing committee meeting will not occur until the first or second week of March. Financial Results: Q4 results to be released in early March. On track with expectations for revenue of about $7.5 million in revenue, and $1.5+ or $0.022 in earnings for the year. ________________ Put a PE of 15, and this makes $0.33/share or 150% of today's price... ________________ This ignores the company's planned acquisition program... Acquisition Program Planned: The company is continuing negotiations with major acquisition targets and potential financiers. The company hopes to conclude an acquisition shortly after receiving its TSE listing. The company plans to target NATIONALLY-RECOGNIZED franchise chains which it can effectively co-brand with its 241 Pizza concept. It will likely focus on franchises with a strong presence in Western Canada where it wants to expand the 241 Pizza concept. Hopefully AFTN reacts like Comac did when it acquired Dominos Pizza in 1996! Of course, this will depend upon the price paid for the acquisition relative to the cash flow/earnings being generated by the target company.

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