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Microcap & Penny Stocks : KAFE (Country Star Restaurants)

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To: ChrisJP who wrote (291)11/6/1997 9:00:00 AM
From: james d. hargrave  Read Replies (1) of 876
 
Chris, I did'nt know the Schwab web trading would be cheaper for large blocks. Thanks for the info. Maybe I can have both?-
I've had this stock (CAFE) for over a year now and my average price is $2.07! so you can imagine my dismay w/this co.-I'm in the country music business,I play fiddle for Atlantic recording artist John Michael Montgomery, and I was working a sub gig for songwriters baker/myers (I Swear?) when they recommended this stock to me. They got in around $5.00!!! Of course, alot has changed in the past few months and this Rubin guy seems to be trying very hard to turn it around.BUT. Country music has been in a slump, judging from average ticket sales for artists and from what I've heard from the promoters that we work with. Sometimes I find it hard to believe that these guys are even "listed" w/2 restaurants and only one that seems to make money. If they do the reverse split to remain listed and don't open any new restaurants I don't see how they can possibly grow. I hope I'm wrong and I'd like to at least get my money back even if it takes 5 years (which it might). Here's a stock tip for you: Don't buy stocks that "songwriters" recommend!!!-good luck,jh
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