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Microcap & Penny Stocks : TFRY (was FRYA) Tasty Fries, Inc.
TFRY 0.000010000.0%Mar 7 3:00 PM EST

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To: Doug Maier who wrote (841)5/8/1997 6:33:00 PM
From: Stephen Hinchey   of 2405
 
Ed Kelley has the interest in Premier MFG, not S&H. They are an unaffiliated
3rd party, which in my opinion was the way to go in the first place.

The Premier deal didn't work out, primarily for legal reasons and other concerns.
S&H Manufacturing is an unafilliated 3rd party, as stated in the 10-k.
At issue now, as usual, is money. Tasty Fries has none, and they need som.
Same old story with most start ups. I have faith that Ed will come up with a deal
that gets the job done in Pennsylvania. The manufacturing in Israel should
probably be an easier issue to complete.

Shareholders have not faired well during this process, primarily due to the
unbeleivably poorly timed reverse split. That process cut everyone's stake in
the company to peanuts, and virtually overnight. The issue of dillution
also comes into play with these types of firms, and Tasty Fries is certainly
no different in that regard either.

Interesting story, part of Americana.
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