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


To: brent gephart who wrote (50548)2/2/1999 11:53:00 AM
From: Tomstocks  Respond to of 119973
 
BIOMF was just upgraded by Merryl Lynch so watch for an afternoon rally!



To: brent gephart who wrote (50548)2/2/1999 11:54:00 AM
From: phunter  Read Replies (1) | Respond to of 119973
 
SIRL, picking-up speed!!! FNHC ready to move!!



To: brent gephart who wrote (50548)2/2/1999 12:30:00 PM
From: brent gephart  Read Replies (2) | Respond to of 119973
 
FNHC is ok. But FLGS made .90 cents in 4th quarter and does online mortgages, with only 6 in float and 14 outstanding and over $200 million in revenue.



To: brent gephart who wrote (50548)2/2/1999 12:33:00 PM
From: GBT  Respond to of 119973
 
OUT OF FNHC. This post from YAHOO, take it for what its worth. Just
passsing on information.

Some thoughts for those of you still in Finet. (don't get all bent out of shape edowstock10000 - take em or leave em)

1)NASDAQ is investigating and requiring special filings from Finet. Not a good sign.
2)Finet issues SEC filings claiming to be an e-commerce company. Very misleading and could land them in trouble with the SEC (and a basis for shareholder lawsuits in my opinion)
3)Finet has been late with all 3 quarterly filings this year
4)Each late Form 10Q has been wrong (even though late) and has had to be amended. (Finet has filed over a dozen amended SEC documents in the last 2 years - I believe this is an SEC record.)The SEC protects investors by requiring timely filing of accurate financial info. They cannot be pleased with FINET and must be assessing huge fines.
5)Finet files a 10QSB one quarter (Q3 last year) and a 10Q first quarter this year and then back to a 10QSB the next - how can they go from small business to large business back to small business. LATE INCORRECT MISLEADING SEC FILINGS FROM A COMPANY UNDER SCRUTINY FROM NASDAQ are a ticket to the pink sheets.
6) Management is incompetent - how do explain the inability to show improvement and how does top management make huge mistakes like Mical? What kind of board of directors lets this happen?
7) Enough with the puff press releases. The public ain't buying em anymore.

My predictions (my opinion only - do not make investment decisions based on anything but your own research)
1. 30 million new shares will be issued to suckers over the next 3 months to cover expenses (taking total over 100 million)
2. Record loss for this year (no crystal ball needed)
3. Management gets big raises and amends plans to have all their options immediately vest.
4. NASDAQ boots em - March 99
5. edowstock10000 refuses to let go and average costs down to 3 cents per share on the bulletin board
6. Out of cash end of Q1 99
7. Chapter 11 May 99
8. edowstock10000 puts his Finet stock certificates next to his Boston Chicken certificates





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