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Microcap & Penny Stocks : KAFE (Country Star Restaurants)

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To: Robert L.Stone who wrote (61)5/15/1997 10:38:00 PM
From: wfrazee   of 876
 
I forget the name of the group but there is one large holder of CCEE stock - I'll check the S-1. I think the recent downtrend indicated they were unable to get the creditors to settle for .40 on the dollar as they offered. Maybe they've came to some settlement or got some additional financing. I've been trying to get them on the phone to find out about this and if Alanta reopened or not.

BTW - a co-worker of mine stopped by Country Star Las Vegas on her vacation and brought me back a T-shirt. She said she really liked the looks of the place but didn't eat there. The dining area is somewhat separate from the bar area. She talked with one of the workers who indicated business traffic was down for a while (no reason known) but is now picking back up. The person also informed her a C&W dance place is being built in Vegas and Country Star is hoping that will attract additional people to the resturant.
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