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Microcap & Penny Stocks : KAFE (Country Star Restaurants)

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To: wfrazee who wrote (183)10/12/1997 11:23:00 PM
From: Richard Rose   of 876
 
Once again outstanding analysis over here from the EXSO veterans. You guys are great! I'm still scratching my head on this one. Did try to get in at 1/8, but got nothing. Frank, if I may ask, were you able to buy at 1/8? All valuable analysis aside, I don't think this one has the L/T prospects of a EXSO, therefore its S/T upside - if it comes - may not be driven as much by L/T factors. The restaurant business stinks and (someone correct me if I'm wrong) now is not the best time for theme restaurant stocks, though may not be a factor in this situation. That being said, there still may be quite a substantial S/T profit to be made once the Reg S stock dump etc. play out. Frank I assume your radar tells you so? I'm sitting on my hands trying to decide if the gamble is worth it 1/8+. Will be all over it at .03 - .06 if happens. Timing on the reverse split could be important. If management truly intends to hold out till either a miracle happens or NASDAQ forces the issue at a future date, feel more confident about S/T pop.

Zeev, how about going concern issue. What is your opinion from your analysis?

IMHO, perhaps best indicator of an impending S/T spike is analysis of MM activity.

Richard
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