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Non-Tech : RAINFOREST CAFE

RAIN 3.560

-0.3%

12:14 PM EST

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To: Terry Audette who wrote (373)	8/4/1996 4:09:00 AM
From: Dennis Vail	of 4704

Terry,Thanks for the info on INTC,DANB and RAIN.Funny,but driving home I was thinking the exact same thing about RAIN and STRAT. Got the S&P on STRAT and it sounds like all the scary stories came out of Salomon Brothers on 7/22 "Analyst Bruce Turner tells salesforce to sell stock now...Sees real possibility of Ch.11 filing within the next year...Says problems continue to plague Strat Tower,Hotel and Casino...Says co. has delayed opening of retail/entertainment,additional hotel rooms;casino continues to perform miserably...Notes GND,42% owner ,loaned co. $48.5M at 14.25%,but doesn't think generation of about $27M in EBITDA will be enough to service existing debt...Sees no reason for GND to infuse property with capital,continue placing shareholders at risk. My daughter just awoke.I'll get back to you about DANB tomorrow.I am by the way seriously considering Strat as a turnaround play after more serious rock turning over.Take a look at the chart if you get a chance.Like a stone it dropped. Dennis

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