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

To: Sandra who wrote (45249)	1/20/1999 3:42:00 PM
From: Mr. Big	Respond to of 119973

TSATA buyout to be announced this week - TCI or WEBtv?

To: Sandra who wrote (45249)	1/20/1999 3:43:00 PM
From: STEAMROLLER	Read Replies (2) \| Respond to of 119973

JB Oxford Holdings ADR {JBOH:NASDAQ} has been advancing on much increased volume since mid-December. For many months the stock had hovered at 75 cents a share, while today the stock opened at $2.93 and is currently trading over $3 a share. This could be pivotal territory for the stock if heavy volume accompanies any other swings upward, as it represents significant resistance. Longer-term resistance exists at $4 and $5. The mid-December movement came upon news that the company redeemed all of the 9% senior secured convertible notes held by 3421643 Canada Inc. for $500,000. Simultaneously, JB Oxford repurchased certain stock options held by Elliot L. Bier, an affiliate of the Canadian company, and Mr. Bier resigned as a director of JB Oxford Holdings. The redemption and subsequent retirement of the purchased options will reduce the company's interest expense by $45,000 annually and future dilution by more than 760,000 shares. The company provides securities industry services, mainly clearing and execution services for broker-dealers, discount brokerage services, and electronic and telephonic trading services Disclaimer - Trading involves risk, including possible loss of principle and other losses. Your trading results may vary. No representations are being made that these techniques will result in or guarantee profits in trading. Past performance is no indication of future results. If you have questions, comments, or requests for additional information in this section or on this particular article, send an email message to this author by clicking here. We will read each message, and attempt to answer some of the questions in this space. Your feedback is important.