KAFE (Country Star Restaurants) Message Board

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Microcap & Penny Stocks : KAFE (Country Star Restaurants)

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To: frank 3 who wrote (393)	11/20/1997 7:57:00 PM
From: ChrisJP	Read Replies (2) of 876

HI Frank, Richard, and Harold, Well, today was the 5th consecutive day with the bid at 1/16. This given the dibenture holders the right to convert at 80% of 1/16 ! My understanding is they short to bring the price down, so they can get the best conversion price. But don't they have to cover ? Or do they cover by buying the stock they just converted ? What do you guys see possibly happening ? Yes I know a thousand witty answers come to mind. try to resist your urges to post them <VBG>. Regards, Chris

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