Angelo and Maxies, Inc AGMX (.735) is getting out of the restaurant
business. "The Company consummated a sale of three of its then-existing
five steakhouses on January 7, 2004 and executed a definitive agreement
on June 22, 2004 to sell its remaining two steakhouses and related
intellectual property.
http://biz.yahoo.com/e/040812/agmx.ob10-q.html

According to recent 10Q (for quarter ending 9/27/04) they have $7.1 million in cash and cash equivalents.
http://www.sec.gov/Archives/edgar/data/820757/000110465904035684/a04-13609_110q.htm

2,005,131 s/o as of 11/5/04
Market Cap: $1,473,771

Mmm? What are they going to do with all that cash?
I'll keep you posted.

George Pessin
GP@Pennyheaven.com

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