CINEMASTAR LUXURY THEATERS (LUXY) Message Board

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Microcap & Penny Stocks : CINEMASTAR LUXURY THEATERS (LUXY)

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To: John Arnopp who wrote (35)	12/11/1997 11:20:00 PM
From: Brad Zelnick	of 85

As advertised. Out with the old, in with the new. The meeting was clearly held in east jesus to filter out disgruntled shareholders who might have been tempted to spray the auditorium with AK-47 slugs. The new folks took over without a peep. My sense is that management will be chainsawed when the deal is complete. Current investors have been diluted out by a big amount. I have to read the proxy to see if new investors have a chance. This is a bulletin board stock, Nasdaq could make it disappear. I'm not at all certain that the new take-over kids would care. This is their thing now. They appear ready to run it, and will not monetize it anytime soon, even if it turns right around. Look at their previous Wometco cinema history. Good result, lots of time. You need to ask yourself what your opportunity cost is. Brad

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