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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme

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To: Baghul who wrote (7614)7/15/1998 10:27:00 AM
From: Chris O'Keefe  Read Replies (1) of 8798
 
LMTI: I've been told by the IR woman for LMTI that there is the possibility of a press release today. The PR will be of the 2nd quarter financials for LMTI and I'm told they are good.

Apparently the company is returning to profitability. Details: Company is into laser printing services. About a year-and-a-half ago they created a custom-made 8-color printer which was supposed to be a huge hit. However, the printer had repair problems and other issues may have been present because several big investors bailed and the stock tanked. Like I say that was over a year ago and the price never fully recovered. Just a few days ago the price was around .26/share.

Yesterday, volume shot up and I called the company. The 8-color printer has been improved after all this time and apparently is already making profits for the company.

LMTI bid/ask currently at .40/.44. Given the suppressed history of the stock price, once news comes out, I would think it a very safe bet that a profit can be made. How much higher? Your guess is as good as mine, but I'm looking to see .60 to .80. Of course, it all depends on what's in the 2nd quarter report, which I haven't seen.

Good luck,
Chris
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