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

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To: Probart who wrote (56358)2/17/1999 2:05:00 PM
From: JeffA  Read Replies (1) of 119973
 
Wednesday February 17, 1:25 pm Eastern Time
Golden Books talks with creditors about overhaul
NEW YORK, Feb 17 (Reuters) - Golden Books Family Entertainment (Nasdaq:GBFE - news), the childrens' publisher and entertainment firm, said Wednesday it was negotiating with major creditors in an attempt to restructure the company.

Trade in the stock was halted by Nasdaq early Wednesday after a volatile session the previous day. The stock price jumped 63 percent on Tuesday from Friday's close, then tumbled 26 percent within two hours.

The stock was Nasdaq's most active issue Tuesday after closing at 1-1/2 on a New York Times report that Walt Disney Co. (NYSE:DIS - news) might make a bid for it.

In the plan under negotiation, Golden Book shareholders
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