SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : KAFE (Country Star Restaurants)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Tim Fierro who wrote (84)6/23/1997 4:43:00 PM
From: wfrazee   of 876
 
Last I talked with IR, the company was still negoating with creditors on a settlement on the debt.

I think the last 10Q indicated some kind of deal to put about 10 slots in the Vegas restraunt.

I think the $250,000 was payments for two former company officer's who were kindly asked to leave when new management took over. It was a retainer that's supposed to run out very soon. Definately, this capital could be used better elsewhere.

The Orlando investment was put on hold or canceled until finances get better. I think that would be a great place to locate a flagship restraunt. I don't know Alanta very well but I never did have a warm fuzzy about the long term prospects of a restraunt there. Why not Branson, Tennissee, or some other "Country" locations? If the Vegas restraunt doesn't start improving, then I question the long term viability of the company.

I don't like the idea of a reverse split, but the don't want to get delisted either. I don't like the increase in shares - I think they are asking for too many.

I'm not concerned about the youthful crowd running this company, seems they've already made more logical business decisions than the last group. The temp closed Alanta to stem the losses, they started to work a deal with creditors, brought in limited financing, and halted the ambitious expansion plan that would have soon put us in bankrupcy. Their long term stragetic plan makes sense if we can get over the short term financial problems.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News