Tokyo Joe's Cafe / Anything goes Message Board

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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes

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To: RCJIII who wrote (22688)	6/1/1998 2:19:00 PM
From: musicguy	Read Replies (1) of 34592

GMTI News today new acquisition biz.yahoo.com I think we all remember this one... Greenman gets paid to dispose of old tires, them strips the steel belts out, recycles the metal, and recycles the rubber into "crumb rubber" (one of the uses of which is mixing with asphalt to make more durable roadways...) They get $$ when a tire comes in, and $$ when the scraps go out. They get paid on both ends. Todays acquisition gives them another strategically located facility, and absorbs a competing tire recycling Co.. Good looking company, and price is down today ... trading near it's post split low... @ 2 5/8 2 3/4 B/A 17,000 vol so far (well below avg) For those who don't recall: "GreenMan Technologies, Inc. develops, manufactures and sells ''environmentally friendly'' plastic and thermoplastic rubber parts and products that are manufactured using recycled materials and/or are themselves partially or wholly recyclable. For the nine months ended 2/28/98, revenues increased from $1.4 million to $7.9 million. Net loss from continuing operations decreased 7% to $2.8 million. Results benefitted from acquisitions. " float 1.4 million I am in @ 2 5/8 MG

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