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

To: kfdkfd who wrote (764)	6/1/1998 9:19:00 AM
From: TokyoMex	Respond to of 8798

TAVA we re bought at 8 3/4 did we not ? Sold at 10 7/8 and rebought at 10 1/4 - 3/8 ,, sir TAVA we hold !!!!!!!!!!!! Need you to ask ???????? ;-)))))

To: kfdkfd who wrote (764)	6/1/1998 9:21:00 AM
From: TokyoMex	Respond to of 8798

Thursday May 28, 1:38 pm Eastern Time New York shuts firms accused in microcap fraud NEW YORK, May 28 (Reuters) - The New York State attorney general's office said Thursday it has shut down three firms accused of a ''microcap'' stock fraud that cheated hundreds of investors out of more than $3 million. In a statement, the attorney general's office said temporary restraining orders and preliminary injunctions have been issued to close the firms and block 36 individuals from engaging in the securities business in New York State. Among the 36 is the owner of a Staten Island-based ''Psychic Cafe'' which was touted to investors as a hot theme restaurant investment. Civil suits filed in the New York State Supreme Court named Stone Asset Management Inc., J.P. Michaels Associates and Abbey-Ashford Securities Inc. The lawsuits allege that the firms and the individuals engaged in fraudulent and deceptive practices in the sale of low-quality, high-risk securities. ''These firms are examples of a growing trend in boiler-room scams,'' New York Attorney General Dennis Vacco said. ''Now, instead of merely using high-pressure, cold-calling techniques to persuade people to buy stock in little or unknown companies, these firms invent people and pretend to be them.'' Investigators said potential investors were invited to the restaurant, which featured fortune tellers. The sales pitch included plans for opening a large restaurant in Manhattan, taking the theme worldwide through franchising, and a public offering of stock. The three firms are located in Manhattan. Paul Lemole, attorney for Gabriel Frattalone, owner of the Psychic Cafe, was not available for comment. Steven Ross, an attorney representing one of the owners of Stone Asset, declined comment, saying he had not seen the court papers.