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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

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To: Tokyo VD who wrote (33687)	12/24/1998 10:04:00 AM
From: R Hamilton	Read Replies (1) of 119973

if i knew that for sure.......i'd be somewhere warm right now!!! ;-) won't be here long this morning......happy with my 11 points rhonda ps....you might be facing some heavy selling Delias Stake Cut by American Retail to 4.5%; More Cuts Planned Washington, Dec. 15 (Bloomberg) -- American Retail Enterprises LP cut its stake in Delias Inc. to 4.5 percent from 5.5 percent and said it will sell more of its stock in the catalog clothing retailer. New York-based Delias bought 26 Screeem! and Jean Country stores from American Retail last July for $13.1 million of stock and $10.0 million cash as the catalog retailer pushed into mall- based stores. American Retail, headed by William Siegel and Ronald Lubel, got 812,501 Delias shares in the sale, giving the privately held company its initial 5.5 percent stake in Delias. Baldwin, New York-based American Retail has since sold 152,800 of the shares, in open-market sales between Thursday and today for $9.19 to $11.81 each, according to its Schedule 13D amendment filed to the U.S. Securities and Exchange Commission today. The shareholder plans to sell ''some or all'' of its remaining 4.5 percent stake of 659,701 shares, the filing added without specifying when or how many shares it may sell. Delias shares fell 23/32 to close at 9 7/16. The shares have fallen by about half during the past six months. 19:28:47 12/15/1998

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