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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes
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To: PMS who wrote (20205)5/21/1998 12:56:00 PM
From: James Mitchell  Read Replies (1) of 34592
 
ARET followers:

ARET is in a joint venture with Dunn on this one (60/40 split, with ARET being the
40%). This is about a 500-700 million dollar deal (not sure if this is gross for the whole
project, or just the portion in which they'll be participating, or what...). They typically net
5-7% on these deals. If I'm understanding and calculating correctly, we're looking at a
potential net here of more than $14M. Would appreciate it if a more number-minded
person can double-check me on this.

He told me that their partner in this venture, Dunn, is the 1st or 2nd largest contractor in
America.

ARET has done (is doing?) many projects for GM and that less than 90 days for the
winning bidder to be identified is quite typical of this line of work.
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