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

To: TokyoMex who wrote (14809)	5/6/1998 6:30:00 AM
From: Ie Coan Bie	Read Replies (1) \| Respond to of 34592

Regarding CNKT, Got this minor opinion from Yahoo Msg Board, any thought ? messages.yahoo.com@m2.yahoo.com >>>>>> Beware this stock! ciderqwest May 5 1998 10:45PM EDT For anyone getting into Connect now, please be careful. Take a look at the long term chart -- lots of people have lost small fortunes on this one. The reverse split screwed over the common stock holders and provided a windfall for the p. stock holders. For those of you that don't know, Connect's 5 for 1 reverse split reduced the number of outstanding shares by 80%. This means that people such as myself went from having 1000 shares to having 200. (Sorry for explaining this, but there are novices out there that read these threads.) On the surface, this is not a big issue. What IS a big issue however is that Connect then converted the p. stock to common, which effectively increased the shares outstanding almost back to the original amount. The short of it: THE ORIGINAL COMMON HOLDERS NOW HOLD 1/5 THE STOCK THEY HAD BEFORE, AND THE P. STOCK HOLDERS HAVE THE VAST MAJORITY OF THE SHARES. Again, I advise new investors to look at the chart. It proves that the long term common holders have gotten the shaft. Don't get me wrong, I am happy Connect is recovering some. However, pre-split Connect still is not even back over $1 per share. Hopefully, Connect will continue to rally and the original common holders will regain most of their lost market value. Regardless, the fact remains that the common stock holders got shafted and only the p. stock holders have made any sort of long term profit. Good luck, and remember to use the past as a guide. >>>>>>> Abi