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

To: proud dad who wrote (53986)	2/9/1999 10:09:00 PM
From: QuietWon	Respond to of 119973

Note these names and if come across them, pls alert - alleged illegal shorting scheme - co is taking these firms/individuals to court In the suit the Company asserts, among other things, that the defendants -- who include entities holding various series of the Company's convertible preferred shares and individuals affiliated with those entities -- purchased the preferred shares as part of an illegal scheme and conspiracy which involved manipulative short-selling of the Company's common stock. This alleged scheme of market manipulation commenced in early 1998, artificially depressing the market price of the Company's common stock and reducing its market capitalization. In addition to damages, the Company seeks, among other things, a declaration that it has no further conversion obligations under the convertible preferred shares. The Company also claims that various of the preferred shareholders beneficially own 10% or more of the Company's common stock, thus triggering reporting obligations with which they have not complied and entitling the Company to, among other things, disgorgement of all short-swing profits. The defendants named in the suit are Thomas Kernaghan & Co., Bronia GmbH, Augustine Fund, L.P., Sovereign Partners, L.P., Atlantis-Capital Fund, Ltd., Mark Valentine, Stephen Hicks, JNC Opportunity Fund, Ltd., Encore Capital Management, L.L.C., Neil T. Chau, James A. Skalko, Frederick A. Lenz, Spratt Family Trust, James W. Spratt III, and Susan M. Spratt.