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

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To: musicguy who wrote (23293)6/3/1998 5:59:00 PM
From: dwight vickers  Read Replies (5) of 34592
 
Hey the first NTN news was "silly".

Most of what they release is "silly".

It usually comes as a prelude to the bad news....which was released at the close.

Their deal to sell IWN was cancelled. No money coming.

Fluffed the PR to make it not sound so bad.

Now that they're down to $3.8 million cash, after burning through $17 million in the last year, I wonder what they'll tell long suffering shareholders about how they plan to pay for the updating of their old and decrepit network?

No way to get financing---cash on hand is it. They may still get a little from the Learnstar sale, if that one doesn't fall through too (50/50). But it won't go far the way they pay themselves.

Hey--I know. Maybe Snoot1st will share the money he's going to win from me in his defamation "lawsuit".

Dwight (There's due diligence, then there's due diligence)
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