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Microcap & Penny Stocks : KAFE (Country Star Restaurants)

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To: Harold Feller who wrote (382)11/19/1997 5:25:00 PM
From: Richard Rose  Read Replies (1) of 876
 
Frank...we need ya man!

No clue on my part. Only speculation. Delay on the 10Q, pop in the conversions. Related? Desire to convert prior to 10Q? Why? If the 10Q is miserable, would not that aid in ability to convert at a lower price. If positive, would not that hinder conversion at lower price. Flip side - if 10Q horrendous, could that aid in a blow-up of the plan, whatever that plan, and in-the-know sellers are cashing out? Like I said, no clue!

For what it is worth to those of you on the edge (like it matters) I've decided to see this to the bitter end as this was gravy for me and willing to take a bath if happens. That's today. Don't hold it against me if I change my mind.

Something is up...just don't know what.

Zeev - Two restaurants are not worth a whole lot in terms of liquidation. My facts are not very good but think I read somewhere construction costs for large standalone anchor type theme deals are 5-15 million per unit. Think I read that the Cheesecake Factory has spent upwards of 12-15 million on key units...but memory fuzzy on that. Liquidation .10 on dollar?
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