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Microcap & Penny Stocks : KAFE (Country Star Restaurants)
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To: ChrisJP who wrote (395)11/20/1997 9:56:00 PM
From: Harold Feller  Read Replies (1) of 876
 
Evening Chris

When $1.00 of floorless debt is converted into stock (lets say at1/16
or 16 shares to the $1) the note holder has been paid with stock.
This does not show up as trading volumn until the holder decides to
sell. They may not sell now, but wait for a higher price. They may
not convert to shares now but wait for a lower conversion price.

This is the "falling knife" as you/I/us have tried to grasp. I think
that most of us got a little paper cut jumping in at 1/8-5/32. With
the management converting we can not expect the company support
as with EXSO until they are ready. We can do a rough share count
and try to figure out at what point in the process we are at. Time is
not on our side because of the pending delisting/reverse split. Also
tax selling pressures are here.

We are on hold until "Zeev" nominates this stock to "The Hall of
the Multihorned Table".
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