Afton Foods ( AFF ) -Franchise Consolidator Message Board

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

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To: Dave V who wrote (51)	8/4/1999 2:08:00 AM
From: David Michaud	Read Replies (1) of 60

Name: Kelly E-Mail: kchaplin@stockreviews.com Date/Time: 8/3/99 1:05 PM AFTN - The stock has very limited downside risk, with a book value of about $1.10 per share, and good revenue/ earnings growth in its core operations. Right now it's a waiting game with the TSE, which appears to move even slower than your average government department, if that's possible. Given that AFTN meets listing requirements and has done everything asked of it by the TSE, there's no reason the listing shouldn't be granted by mid-August, but then we've heard that before. If the acquisition is made prior to the official listing, then AFTN would have to re-file with the TSE. However, with strong financial backing in place, the TSE listing is pretty meaningless as far as the actual business of the company goes, whereas the acquisition is important. If the acqusition looks to be in jeopardy at any point, expect the company to move fast on it.

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