There oughta be a law . . .
KAFED, which was KAFE which was CAFED which was CAFE. ..should have gone out of business last year. Instead it has raped its shareholders twice in 1 year. Here is latest news:
Rande Is
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Thursday December 10, 1:03 pm Eastern Time
Company Press Release
SOURCE: Country Star Restaurants, Inc.
Country Star Restaurants, Inc. Announces Reverse Two Hundred-For-One Stock Split
LOS ANGELES, Dec. 10 /PRNewswire/ -- Country Star Restaurants, Inc. (the ''Company''), a Delaware corporation, announces a reverse two hundred-for-one stock split of its outstanding shares of Common Stock, effective as of the close of business on December 15, 1998.
Under the reverse split, every two hundred (200) shares of outstanding Common Stock, par value $.01 per share, will be converted into one (1) share of Common Stock, par value $.01 per share.
No fractional shares will be issued to shareholders otherwise entitled to such fractional shares, and, in lieu thereof, the Company will pay fractional shares in cash based on the closing price of the Common Stock on December 15, 1998.
Shareholders may exchange their existing stock certificates for new stock certificates by following the instructions that will be mailed to them by the Company's transfer agent, Continental Stock Transfer & Trust Company.
For thirty (30) days following the effective date of the stock split, the Company's Common Stock will trade under the symbol ''KAFED.'' Thereafter, it will again trade under the symbol ''KAFE.''
SOURCE: Country Star Restaurants, Inc.
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