So... I just had to jump in and buy a small buttload @ 2.25 ,thinking
I was getting a deal since they had paid $4.?? NOT!!! I've been watching it go down for a year and now they want to do a reverse split. the moral of the story is. don't take stock tips from songwriters... by the way,what does <g> mean? good luck jh
James, <g> means GRIN.
There have been lists floating around for years on little typing insignias and you might want to get one to understand them.
Here are a few to get you going though so when you see them, you will know what they are.
:) Smile
:( Sad face
<g> grin
<BG> Big grin
ROTFL Rolling on the floor laughing
BTW By the way
IMHO In my honest opinion
Etc.........
Back to the regular scheduled programming of talk/chat about CAFE.
Did some research today on the stock. IF I take trust in the 25 year old investor who is running the show now, and who also loaned the company money, and who also hired his buddies as directors/consultants?, and is giving himself $240,000.00 a year; then it looks like he wants it to succeed. I can't really delve into it now to determine full story so am holding off on any buying decisions.
The meeting is next week in Las Vegas where I was just at. Too bad I didn't know about it in advance as I might have scheduled my trip til then.
Couple things that caught my eye in my research today;
1) 25 yr old Rubin running the company and he has loaned the company money as well as placing his friends as directors? All about 25-30 years old. Maybe school buddies or long time friends?
2) Reverse split, yet asking to get more shares of up to 250 million if I remember correctly. This is alot! Edgar filing shows that they want a reverse split to bring the price up, yet want to issue more stocks.
3) Rubin says he needs to totally reorganize the structure as it is top heavy, yet his directors are getting a 1/4 mil each.
4) I think the Atlanta restaraunt would have been good for the olympics, but the location there for a theme restaurant may not be a good idea. The location may not warrant such a restaurant to get daily revenue from the locals. The other 2 locations though for Las Vegas and Hollywood are good ones. If I saw something that they would PERMANENTLY close the Atlanta one and concentrate on advertising to promote the other 2, I would feel alot more comfortable just with this and warrant a buy on my side. I don't think they should go with the Atlanta location. Things may change though if they really do some form of shake-up to spark life into it to attract the locals on a constant basis.
5) Have they actually settled with their creditors for 40% on the dollar? If they have, then it will be nice. If not, the company is in trouble with the debt they have.
Just some ramblings and rememberings of what I saw today while reviewing the stock over the net research sites.
Tim |
