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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes
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To: musicguy who wrote (29343)7/21/1998 9:41:00 PM
From: CoffeePot  Read Replies (1) of 34592
 
I've been in and out of PRWT numerous times, though it has a good business strategy the problem is it has a extremely high float and shares OS, with the float being somewhere around 200mm That being the case it takes a ton of buying to get it moving. While a stock like BYWD can double on less that 1mm shares on a float of 12.5mm More importantly that just the volume to float ratio this shows that few people are willing to sell at low prices, thus people feel the stock is undervalued and the price will continue to move up, likely far higher than todays close and a higher price is easily justified.

Most recent financials: Net sales for the QUARTER ended March 31, 1998 increased to
$754,862 compared to net sales of $515,371 for the same period last year, an increase of
$239,491 or 46.5%. Net income for the quarter was $116,981 or $.01 per share compared to a
net loss of $(40,376) or less than $(.01) per share for the same period last year.

That's a HUGE improvement!!
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