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

To: Big Blue who wrote (10968)	11/13/1998 11:51:00 AM
From: Charles T. Russell	Respond to of 119973

CMGI - 3/4

To: Big Blue who wrote (10968)	11/13/1998 12:16:00 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 119973

I posted that info when the stock was $4 >>Greg Manning dismisses takeover chat on Internet NEW YORK, Nov 13 (Reuters) - Greg Manning Auctions Inc. (Nasdaq:GMAI - news) dismissed Web site chat about a possible takeover of the company despite its stock leaping more than 200 percent in the past two days. ''We have no discussions with anyone at this point on a takeover,'' said Greg Manning, the company's chief executive officer, president and chairman. The company was receiving much attention from investors on Web sites such as Silicon Investor. ''You can read the chat rooms and see what people are saying about who we would possibly be a logical candidate for, but nothing has come down to us here from anyone that is potentially interested in us,'' Manning said. Midmorning Friday, the stock was up 7-17/32 at 18 after hitting a 52-week high of 21-3/4, with 3.3 million shares changing hands, well above the average daily turnover. The stock closed up 5-9/32 at 10-15/32 on Thursday. The New Jersey based company, which acquired privately held Teletrade for $6 million in October, said there was no fresh news behind the leap in shares. ''It's primarily small trades,'' said Manning said. ''There seems to be quite a few investors becoming aware of our company.'' Investor interest was not solely based on the current frenzy in Internet-related stocks, he added. The company sells stamps and other collectibles over the phone and on the Internet. In its first fiscal quarter that ended September 30, the company earned $0.04 per diluted share, compared with a loss of $0.07 in the prior year. ''The second quarter is looking strong at this point,'' Manning said. In addition, I have been in and out of this stock for years, and I believe a Spanish co. owns quite a bit of gmai. The time for a takeover was under a buck-fifty. Duh! --------------------------------------------------------------------------------