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Microcap & Penny Stocks : ROTI - Harvest Restaurant Group Inc

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To: Gary West who wrote (35)4/3/1998 7:43:00 PM
From: Ernie Kelley   of 1702
 
I just started looking at ROTI on a friends recommendation. From reading the news announcement I would say that they aren't buying a string of juice bars as much as being bought. "Harvest said its stockholders will retain all of their current shares equaling about 25 percent of much larger international combined company." If Surf City founder Kevin Blackwell will become the CEO I think control just changed hands. The only thing strange is that there is no mention of any agreement in Edgar. If there is no money involved maybe ROTI is just getting absorbed for it's debts. Also the current shares are going to be 25% of what company, it appears that Surf City is privately owned? What am I missing?
Happy investing, Ernie
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