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Microcap & Penny Stocks : KAFE (Country Star Restaurants)

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To: david m. uhler who wrote (705)2/27/1998 8:54:00 PM
From: ChrisJP  Read Replies (1) of 876
 
Hi Dave,

Here is the SEC filing for the shares Rubin printed for Cameron.

freeedgar.com

BTW, 700,000 shares is 9.1% of the company. Correct me if I'm wrong but don't they use these shares as collateral to then short the stock ? Then they convert some of the dibentures (which creates shares) as their way of "covering" the shorts. I still don't completely understand it, but it obviously works.

If this is their plan, then I say sell while it's at 9/32. That would be 1/16 better than I did.
Chris
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