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Microcap & Penny Stocks : TFRY (was FRYA) Tasty Fries, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Andrew Garrison who wrote (1680)	10/2/1998 2:26:00 PM
From: Andrew Garrison	Read Replies (1) \| Respond to of 2405

The link will expire soon ... so here's the article ... NOT to imply that Stock Detective should be taken without a grain of salt. After all, it's Access, Inc. -- and I hear that they're the same owners as the infamous Future Superstock. In other words, they play both the goodguy and badguy role to squash the competition in the smallcap market. And to top it off, Access, Inc. is a penny stock itself! (and notice they don't mention how TFRY's been on the upswing ...) ---------------------------------- Tasty Fries Inc. (OTC BB: TFRY) appears to be in its third pump 'n dump cycle, having found a fresh group of investors who will swallow its french fry vending machine premise. The company's share price ups and downs stretch back at least 18 months, further if you go back to the days when Tasty Fries was king of the card decks. Since its inception in 1985, the company has earned no revenues and accumulated a $12 million deficit. But don't look for any belt tightening. This year, Tasty Fries will pay its top three executives a total of almost $500,000. Most of that deficit has piled up behind R&D on the company's centerpiece; the hot fry vending machine, which it still apparently hasn't managed to perfect. Nor is it clear what the costs on the machine will be. In documents filed with the SEC, Tasty Fries Inc. says it expects to sell the machines for $9,000 apiece, but doesn't say how much they cost to produce. There also are no details about how much an order of fries will cost, or even how much it will cost to operate and maintain the machines, which will contain perishable food. Nor is there evidence of a solid marketing plan determining demand for the machines, which Tasty Fries says will be placed on college campuses, in airports and other vending machine messes. Funny, seems like Mickey D's and Burger King are already in most of those places, slingin' fries for less than a buck. Oh, and that press release alluding to $120 million in financing. Read carefully. It's a factoring deal, which means TFRY is only getting advanced money for legitimate sales it has already made to credit-worthy customers; legitmate and credit-worthy being the key words here. In many cases, factoring is a alarm (or red light, if you will) that a company is in such desperate financial condition it'll give up a portion of its sales in order to get the cash 30 or 60 days sooner. Bon appetit.