SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme -- Ignore unavailable to you. Want to Upgrade?


To: Provocateur who wrote (3862)6/10/1998 2:50:00 PM
From: Due Diligence  Respond to of 8798
 
AAFG:
Been watching this one for the dip. Received this EM last week. Passing on the info.
Jimbo

"AAFG" - All American Food Group

I have been following AAFG since before their reverse split when they
were trading between .125 - .25 a share. Since the 10/1 reverse split
it has been trading between .50 - .75 a share. That would mean that
it would have been trading at .05 - .075 before split.

So what's wrong with this picture? Well if AAFG has 40 bagel stores
in NJ & TX that would mean that each store was worth around $11,000.00
I don't know about you but I'd open bagel stores all day for
$11,000.00 each. In other words it can't be done, and to open a
decent bagel store is a minimum of $40,000.00 and as high as $100,000.00

AAFG's IPO was only in 07/10/96 and I would still consider them a
start up company. With 598,000 shares outstanding and 500,000 shares
in the float when people find out about them, look out. Lastly AAFG
is very good about putting out news and they seem to be a first rate
operation. So please do a little DD and check out their web site,
read the news and follow the charts. Have a great weekend.

thebagelpage.com

hoovers.com

biz.yahoo.com