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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes -- Ignore unavailable to you. Want to Upgrade?


To: Andrew H who wrote (3950)4/2/1998 10:43:00 AM
From: Big Dog  Read Replies (1) | Respond to of 34592
 
not worth the time anymore. will not respond to this loser.

BIG DOG



To: Andrew H who wrote (3950)4/2/1998 10:46:00 AM
From: Rande Is  Read Replies (1) | Respond to of 34592
 
Andrew, I beg to differ. Joe, please read some DD on ICUT. I have worked on it over 5 months. Posted twice yesterday.

Spoke with CEO yesterday morning. 27 years he has been selling knives. Steady growth of a few stores a year = 22 mall stores, many in New York. Proud heritage of only the "finest quality and value" in sporting and culinary knives. Well respected in industry. The "Sunglass Hut" of knives.

STATS: 2.5 mil float. CEO and family hold 72percent of outstanding.
Fully reporting. 1.3 mil in pvt. placement past November. 20percent improvement on store sales over Christmas will bring company close to profitablity. CEO converted all shares 5 months ago. CEO does not believe in dilution or reverses, as he would be most hurt by it.
10Q due April 30 or thereabouts. Phasing out last 8 big mall stores for more profitable kiosks.

This is a real company with real products. Right now, it is my belief that the MMs keep raising price, due to short supply. I see this as an intermediate hold.

Once again, I would love to hear your views, Joe. I liken this one to Carver in many ways. Hope you prefer posting to email, please advise.

Rande Is