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

To: Manfred who wrote (119775)	4/24/2000 3:15:00 PM
From: Gator	Respond to of 119973

Remarkable! ECMV ($3 1/2) sitting on over $10/share in cash/cash equivalents. They own 1.5 million shares of EDV free and clear, currently trading at $64, currently worth $96 million. They are holding 0.5 million shares of EDV pending an excerise of an option with an $8 grant price which will generate an additional $4 million when exercised. They own 11% of SGDE, worth an additional $2.5 million or so. They also have holdings in several other companies, including TaketoAuction.com, which they plan on IPO'ing, and wholly own Perfumania stores (270 brick and mortar stores), which will generate about $200 million in sales this year and has 16 straight months of strong same-store sales. ECMV only has about 11 million shares outstanding, fully diluted, so just on the cash/cash equivalents alone, the company is worth about $10/share. Throw in Perfumania (which they plan on eventually spinning off as a separate company in an IPO, according to recent press release), and the company is worth probably double that. Earnings expected this week. CEO says they will be strong. Institutional coverage is very light on the stock, but word is starting to get out. All the info can be confirmed on FreeEdgar filings and recent press releases. Some information can be found at an informational website at ecomv.com. CEO interview at Wall Street Transcripts at: twst.com. Gator