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Microcap & Penny Stocks : ROTI - Harvest Restaurant Group Inc
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To: Mr.Manners who wrote (152)6/12/1998 12:03:00 PM
From: Turboe  Read Replies (2) of 1702
 
Mexican stand-off. I am not selling 'till I hear the news. They have a SIGNED Letter of Intent with Tanner's.

Tanner's:

(12 stores) x ($1.9M/store sales) = $22,800,000

Add 3 Roasters into conversion = 5,700,000

Add 2 new Tanner's = 3,800,000

Equals..............................$32,300,000

Food stores usually sell for 1x sales

ROTI gets 30% per PR on Dow

So asset-wise, we are looking at: 32,300,000 / .3 = 9,690,000 / 2.7M = 3.59 A SHARE
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