Tokyo Joe's Cafe / Anything goes Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Micropicker who wrote (24943)	6/12/1998 12:19:00 PM
From: Micropicker	Read Replies (3) of 34592

SPTK - Buy ahead of the news? The Nevada State Gaming Commission is voting next Tuesday on whether to allow Spintek's Accuhopper system to be used in Nevada to verify how many coins were placed in the hopper of a slot machine. Presently 2 signatures are required on each fill slip. The vote will allow a single signature, with the Accuhopper system acting as the second signature. This represents a potential windfall to casinos who will no longer require two people to fill slot machines. SPTK already has agreements with Bally's and IGT, all they need is approval. The stock jumped from the mid .50's to 75 cents last month on no news, but has drifted back. My guess is that the system was perfected at that time and "quasi"-insiders bought in, only to learn that there was one more approval before the system could be widely employed. The jump back to 75 cents could happen quickly. Shares issued 18,673,055 Directors and Execs own 21.6% of common 3 large shareholders own 58.5% of common This leaves a public float of less than 2 million The last insider trade was the CEO buying 1.5 million shares!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next