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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 (48677)	1/28/1999 11:50:00 AM
From: Annette	Read Replies (4) \| Respond to of 119973

Does that mean you are "hooked on FONX?" :-)

To: TokyoMex who wrote (48677)	1/28/1999 7:48:00 PM
From: StockDung	Read Replies (2) \| Respond to of 119973

So Joe I hear your hooked on FONX, maybe you can learn to read and spell. July 6, 1998 Sponsored by WallStreet Guru Fonix Corporation (NASDAQ: FONX) recorded barely $1 million in sales last year, yet its top three executives combined are paid $916,155, not including options and warrants. Those salaries are due to increase to $425,000 apiece for the next two years and then jump to $550,000 in 2000 before topping out at $750,000 in 2001. Salaries in the last two years in the contract are subject to review by the board of directors, but each of these three overly compensated executives is a member. And these men have a further stake in the company. Each could earn bonuses of up to 50 percent of their base salary, depending on Fonix's stock price throughout the year. Last year, the company paid more than $2 million in bonuses, according to a proxy filed with the SEC. All of this comes in addition to the lucrative $50,000 per month management agreement Fonix has had since 1994 with Studdert Companies Corp., which is owned by Fonix's three top executives. Recently some of those payments have been in the form of stock, rather than cash. Fonix claims to be the cutting-edge developer of voice recognition software - the applications that allow you to talk and your computer to type, among other things. There's no evidence of a commercially viable product, however Fonix announced last week that it will acquire all of the shares of Articulate Systems, an established competitor, in an undisclosed deal of cash and stock. Perhaps investors considering this buying shares of Fonix should perhaps instead take up lip reading. Thanks to the Stock Detective's vigilant readers and a bevy of stock promoters, we're flush with tips about stocks that most people should think twice about before investing. All them may not warrant full Stinky Stock status, although we're sure a few inevitably will come from this list. Until they reach that benchmark, Stock Detective wants to warn readers about stocks that should have you seeing "red." What sets them apart? Take your pick: volatility, high volume, wild price swings, outrageous claims, a stack of vacuous press releases, or maybe a share price that doesn't seem to add up from the sum of the company's parts. As always, tread lightly…