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Microcap & Penny Stocks : KAFE (Country Star Restaurants)

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To: Harold Feller who wrote (493)12/29/1997 2:59:00 PM
From: ChrisJP  Read Replies (2) of 876
 
Hi Harold, David, and others,

The info I posted a few posts back is now an official PR release from CAFE. It hasn't appeared on Yahoo yet, but I definitely found it when I connected to www.schwab.com.

The bottom line is that they're closing the LV and Atlanta restaurants soon and the only value this company will have is from settlements and lawsuits (if successful). Oh yeah, the Hollywood restaurant is still operating, but Yahoo posters claim that Universal is trying end their lease too.

The silver lining is that selling the leases must have been Rubin's plan all along to make money and increase shareholder value. I guess this could still happen.

Regards,
Chris
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