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

To: musicguy who wrote (25501)	6/15/1998 3:48:00 PM
From: Frederick Langford	Read Replies (1) \| Respond to of 34592

Big question: Will China devalue it's currency? Fred

To: musicguy who wrote (25501)	6/15/1998 3:52:00 PM
From: barbara sperino	Read Replies (1) \| Respond to of 34592

NVXE Should see news tomorrow or wed. good news!

To: musicguy who wrote (25501)	6/15/1998 4:08:00 PM
From: Yo Yo	Read Replies (1) \| Respond to of 34592

<< Who wants to work on a project?>> I'll take a stab at it. China Pacific,(CHNAE:Nasdaq, $0 5/8, soon to be delisted). (For those who want the full story on CHNAE, read the last 3 years worth of posts on AOL stock boards you'll get an education in how to identify investments to avoid.) Dogshit stock. Perfect for those who like to trade Bulletin Board hype stocks. But investors should run, not walk away from it. Book value of $6 is based on Hong Kong Real Estate bought at market peak last summer and obsolete and uncompetitive Chinese steel plant that is losing money with falling steel demand. Has issued discount priced Regulation-S shares to private investors like they were after dinner mints. Chinese management refuses to provide required financial info to U.S. management. No SEC filings this year because of it. I wonder what else they are not telling us? Past profits were based on government subsidies, which have been eliminated. Chinese Won soon to be devalued? (Very likely). What will that do to the book value? Company has historically mislead investors with unrealistic future activities for the last 3 years. Then there is the CEO, Clement Mak, a real gem. These could be some of the reasons the stock is down from an all time high of $26. Do your DD well. Yo Yo