KAFE (Country Star Restaurants) Message Board

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Microcap & Penny Stocks : KAFE (Country Star Restaurants)

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To: ChrisJP who wrote (400)	11/21/1997 8:30:00 AM
From: ChrisJP	of 876

I would like to add to the equation, unfortunately it will not simplify it. It's best to believe that Rubin is not interested in the restaurant business. That being true, why go to the trouble of re-opening the Atlanta restaurant ? My theory is that he's trying to make the company more attractive, especially when you factor in James Holton's claims that good news is forthcoming. How does this fit into Rubin's plans ? Has anyone had the chance to analyze the 10-QSB ? One could make the argument that Rubin et al. have max'ed out on their current dibentures (although they still have plenty of dibentures left, but as of 10/10 Cameron had already converted 6M of a max of 8M shares). Rubin has only loaned the company $500,000 out of a $3.5M lines of credit. I think the 10-QSB says he got a ton of shares when the company settled with him for $1,950,000. I don't have enough expertise to read the 10-QSB to determine if the argument is valid. I would appreciate any other thoughts on the 10-QSB. Regards, Chris

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