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Microcap & Penny Stocks : Afton Foods ( AFF ) -Franchise Consolidator -- Ignore unavailable to you. Want to Upgrade?


To: DaveU who wrote (11)3/2/1999 8:21:00 PM
From: David Michaud  Read Replies (1) | Respond to of 60
 
The TSE has requested a copy of the company's audited financial statements before the listing committee meeting. The statements should be available from the auditors no later than the week of the 15th-19. The next listing committee meeting would be on the 25th.
Based on comments from Afton's lawyer, management is very confident that its application will receive approval before the end of the month. Financing for potential acquisitions is going very well. A major potential lender is currently doing its due diligence - had 4 individuals at Afton's head office last week going over things. Patience with this stock has been rewarded. We are finally entering the home stretch after several delays.
Afton's management has been forthright in its discussions with us and we have confidence in their ability to more forth with the business plan over the next few months. This should prove to be an exciting time for AFTN shareholders who remain patient. While profit
taking at this level may be tempting, based on the news that should be forthcoming (financials, potential listing, and acquisition(s)) over the next 2 months, it may be hard to find a more attractive spot to park your cash.

Good luck to everyone,

Grant ---reprint from StockDepot.com



To: DaveU who wrote (11)3/2/1999 8:30:00 PM
From: David Michaud  Respond to of 60
 
Say a bid and ask of 0.16 and 0.17

You put in a bid at 0.16

That means:
Buyers must pay 0.17 to garanty a fill
Seller must sell at 0.16 to garanty a fill

The MM does not have to sell to you at 0.16
He sell at 0.17
Once in a while one might get filled at 0.16 , but no garanty

It. then does not go on the tape.