Cinema Star currently owns and operates 64 "luxury screens in southern California, a total of 8 locations....these are state of the art brand new theaters with larger highback seating, bigger screens and thx soundsystems, luxury is the theme here....
Now the story, the main market maker and underwriter of the stock recently lost thier right to make a market due to capitalization problems.....the stock fell from as high as 10 to 7/8 of a dollar today. The MM is now back in business, and I expect the stock to make a rapid move up
My question is this....7 million shares at 7/8 = 6.125 million dollars...for 64 screens with very little debt (7 million $, I believe) DOES ANYONE KNOW WHAT THE INDUSTRY VALUES A MOVIE SCREEN AT? It seems to me that this company is being given away and could easily be aquired by a bigger chain...more info at cinemastar.com |
