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

To: Leland Charon who wrote (54055)	2/10/1999 9:31:00 AM
From: Gator	Read Replies (2) \| Respond to of 119973

MOKA $2 - Special Situation. Being bought out by DDRX. Value $3.14. DDRX upticking today (bid up to $5 1/4 from $4 3/4 close yesterday). Each 1/16 uptick in DDRX bid adds another penny per share to the buyout value to MOKA. Deal Summary: $10.75 million in cash, 1,667,000 shares of DDRX common stock and either $14.25 million in cash or $14.25 million worth of cash and stock based on successful completion of a secondary offering by DDRX. With 10,760,000 shares outstanding on MOKA common stock, the total deal is currently worth about $3.14/share. Great deal for DDRX, since MOKA's book value is over $4/share. Good deal for MOKA as well, since as DDRX share price goes up (which is expected), the 1,667,000 shares of DDRX common stock become more valuable, raising the deal worth to MOKA. Gator