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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies -- Ignore unavailable to you. Want to Upgrade?

To: TokyoMex who wrote (3680)	9/11/1998 10:42:00 AM
From: Shadow	Respond to of 119973

Our old friend HDIE is making a nice move today!

To: TokyoMex who wrote (3680)	9/11/1998 11:00:00 AM
From: Charlie	Respond to of 119973

SANTA MONICA, Calif., Sept. 11 /PRNewswire/ -- Fremont General Corporation (NYSE: FMT), a national insurance and financial services holding company, has agreed to purchase PacificAmerica Money Center, Inc. (Nasdaq: PAMM) for $10 per share, or an aggregate of approximately $55 million. It is currently contemplated that approximately 75% of the consideration for PAMM will be paid in cash and 25% will be paid in common stock of Fremont. The transaction is subject to a number of conditions, including completion of satisfactory due diligence, negotiation of a satisfactory definitive agreement, receipt of a fairness opinion, receipt of approval of a majority of PAMM stockholders and regulatory approval. The parties have agreed to proceed in good faith to complete due diligence and the negotiation of a definitive merger agreement by October 31, 1998. The transaction is expected to close in the first quarter of 1999. Fremont is getting a deal.. JMO PacificAmerica Money Ctr. Ticker: PAMM Page 1 of 10 Complete Financials: June 1998 Exchange NASD FY END DEC ISSUE DATA (09/04/98) PER SHARE DATA RATIOS Price $ 4.38 EPS (TTM) $ 3.56 P/E (TTM) 1.23 52W High $ 29.50 Div. Rate $ 0.00 Yield 0.00 % 52W Low $ 3.50 Book Value $ 11.32 Price/Book 0.39 Shrs Out 5.02 Mil Cash $ 1.35 ROE (TTM) 39.98 % Float 4.00 Mil Rev (TTM) $ 2.57 ROA (TTM) 8.63 % Mon. Vol 0.66 Mil Curr. Ratio NM Beta 2.00 LT Dbt/Eqty 0.84