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

To: PMS who wrote (20205)	5/21/1998 12:56:00 PM
From: James Mitchell	Read Replies (1) \| Respond to of 34592

ARET followers: ARET is in a joint venture with Dunn on this one (60/40 split, with ARET being the 40%). This is about a 500-700 million dollar deal (not sure if this is gross for the whole project, or just the portion in which they'll be participating, or what...). They typically net 5-7% on these deals. If I'm understanding and calculating correctly, we're looking at a potential net here of more than $14M. Would appreciate it if a more number-minded person can double-check me on this. He told me that their partner in this venture, Dunn, is the 1st or 2nd largest contractor in America. ARET has done (is doing?) many projects for GM and that less than 90 days for the winning bidder to be identified is quite typical of this line of work.