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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: westpacific who wrote (98375)	9/22/1999 9:54:00 AM
From: Kevin McKenzie	Respond to of 119973

EPAY illustrates how absurd this market is. EPAY is essentially an internet business-to-business enabler. They have revenues of $40 million and total shares outstanding of 10 million. At their current price, they have a market cap of about $150 million. These recent BtoB IPO's have market caps in the billions, much lower revenues and negative earnings of a dollar or more. Simply because these newer stocks are newer, and have no overhead "resistance" they trade for ridiculous prices and EPAY gets hammered. EPAY was a wonderful bounce from under 14 though.