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Microcap & Penny Stocks : KAFE (Country Star Restaurants)
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To: FawnVu who wrote (388)11/19/1997 10:45:00 PM
From: ChrisJP   of 876
 
Hi Fawn,

I got to the 10-QSB via:

freeedgar.com

I have no experience making sense of these things.

The .03 loss is not the important factor since there were so many new shares to divide the loss by ! I hope there's someone on the thread who can make sense of numbers -- especially those regarding how much money Rubin and Cameron have left to convert. Near the top of the report they claim there are 67M+ shares as of 11/10. After todays trading, there are closer to 80M shares.

At the top of page 4 it says as of 9/30/97 shares holders had $5.8M of convertable debt liability. There was a lot of volume beginning around Oct 8. I estimate total volume between then and now at over 100M shares. Obviously not all of these are conversions. Is it possible to try calculate how many shares were converted over the last month to determine if the $5.8M liability (and I'm assuming an additional $1,950,000) can be accounted for ? or does the 10-QSB say it all.

On page 10 they talk about Rubin converting $1,950,000 into 21M shares. Is this part of the $5.8M or is it in addition to it ?

Cameron converted $578,000 out of $4M into 5,750,000 shares. Apparently they can only convert up to 8M shares.

So the big question is: is Rubin done converting, or has he yet to start ? Any analysis of the 10-QSB would definitely be welcome.

Regards,
Chris
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