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

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To: Tom Latham who wrote (34451)	12/28/1998 7:48:00 AM
From: JustInTime	Read Replies (1) of 119973

For those of you considering jumping into OSFT this morning: (I copied this from a Yahoo message board) recent filing of Form 10QSB. Here are some excerpts: As of September 30, 1998 "...the accumulated deficit is $6,933,101." As of September 30, 1998 "The Company has working capital of $660,335..." "The Company expects to report losses for the year ended December 31, 1998." "The Company's management believes that the combination of cash on hand and operating cash flow, together with proceeds from the sale of equity securities, will provide sufficient liquidity to meet the Company's cash flow requirements at least until December 31, 1998." "Continuing operations thereafter will depend on cash flow operations and the ability to raise additional funds through equity, debt or other financing." "There can be no assurance, however, that such funds will be available." For the Company Filing here is the source: sec.gov

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