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

To: Ed Swanson who wrote (37096)	12/31/1998 10:05:00 AM
From: Ed Swanson	Read Replies (2) \| Respond to of 119973

FP-WOW $900 million in loan sales above par. I know they have had there troubles but this is definite good news for a turnaround. Wednesday December 30, 2:59 pm Eastern Time FirstPlus sells about $900 mln in loans DALLAS, Dec 30 (Reuters) - Consumer finance company FirstPlus Financial Group Inc. said Wednesday it sold about $900 million of high loan-to-value mortgage loans to a large U.S. national bank at various prices above par. The company said a servicing agreement names it as servicer of the loans for an interim period. Cash proceeds from the sale primarily repaid warehouse-lending facilities, which financed the origination of the mortgage loans, it said.