KAFE (Country Star Restaurants) Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: wfrazee who wrote (110)	7/29/1997 4:38:00 PM
From: wfrazee	of 876

Sunday's edition of the Honolulu Advertisor had an article on theme restraunts. There were a couple of sentences on Country Star. Basically they stated Country Star is experiening serious financial difficulties and had to temporarily close the Alanta property. This we already knew. This stock is not for the faint of heart, there is now a lot of competition in the theme restraunt business. If the company does not succeed in a debt reduction with its creditors bankrupcy is likely. The increased shares authorized at the annual meeting should help finance operations for awhile. Feedback still indicates low traffic flow thru the Las Vegas restraunt. All this said, I still have a bit of faith that the current management can turn this thing around. They are still working on a debt settlement with the creditors and are optimistic about that. Their action to close down the Alanta property temporarily until finances get better was also a good idea and necessary. Their long term stragetic plan includes either franchising/licensing to minimize capital outlays by the company for future restraunts. I doubt there's any quick profit to be made in the stock of this company. Still holding based upon long-term potential.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next