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

To: Yellow Jacket who wrote (7843)	7/17/1998 3:56:00 PM
From: Mr. Stress	Respond to of 8798

Stock symbol: NAVR Stock name : Navarre Corp. Alert Bid : 6 1/4 Alert Ask : 6 3/8 News: : With the IPO of Broadcast.com(Nasdaq:BCST) we have found a potential good looking sympathy play with NAVR. There should be quite alot of talk this weekend about BCST and streaming audio/video. NAVR owns netradio.com/netradio.net.Rumors saying that the convertalbe preferred shares are in safe hands. Comapny near breakeven which is suprising for an internet company.Short position is 1.8 million.

To: Yellow Jacket who wrote (7843)	7/17/1998 3:57:00 PM
From: TokyoMex	Read Replies (2) \| Respond to of 8798

Because I suspect there will be no preferred for sale. ExtremeJim May 4 1998 9:21PM EDT NAVR's announcement this morning that they have completed the private placement of the preferred issue also contains the news that one Alfred Teo has been appointed to the board of directors. This suggests to me that Mr. Teo is the one who got the preferred shares. Mr Teo and his wife have purchased over 15 percent of the common stock of Musicland Stores Corp. (NYSE:MLG) over the past two years, and from his public SEC filings they have lavish appreciation in that stock, as he bought at prices ranging from under a dollar to just over seven. (Today's close for MLG, 12 3/4.) The bad news is, you can't buy the preferred because Mr. Teo won't be selling. The very good news is, he has proven to be a long-term friend of Musicland rather than a short-term speculator, meaning that Navarre will not be dropping to 2 5/8 as June 30 approaches, at least not because of this private placement that last week threatened to dilute the public float. In the case of the other stock he seems willing to wait for a two-, four-, six-, or twelve-fold return. Just a theory, you understand. By the way, you could walk between the Musicland and Navarre corporate headquarters in about an hour, and Navarre is a Musicland vendor, and Mr. Teo's New Jersey companies make, among other things, plastic shopping bags that record, video, and software stores use. I think I will stay long in Navarre. ÿ NAVR:ÿ Quote ÿ\|ÿ Profile ÿ\|ÿResearch