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Microcap & Penny Stocks : TFRY (was FRYA) Tasty Fries, Inc.
TFRY 0.000010000.0%Dec 12 9:30 AM EST

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To: Janice Shell who wrote (631)12/21/1996 11:50:00 AM
From: Richard Mazzarella   of 2405
 
Janice, your comment about Kelly being hurt is true, but I would not be surprised to see Kelly get paid (and bonuses) with some of those new expensive shares. (Who sold all those shares that took the price from $0.20 to $0.12 just after an announcement? Planned?) He held off a Chapter 11 last year that would have actually been better for the company. He said it was to protect shareholders. So he protected us with the Chinese water torture of delay and reverse split. I had a feeling that this was coming because with all those shares and a reasonable capitalization TFRY would always be a penny stock. The positive side is that FRYA could get mainstreamed NASDAQ if the price can hold. I will sell immediately and buy back again if I see the stock stabilize and move back up. TFRY not having earnings is a formula for a bloodbath. I have seen some stocks return back to their previous price after a reverse split (not split adjusted) (Study LONE/CHIP). I don't know what is going to happen, but I will not lose any more money here. The IRS will at least give me a good % back.
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