KAFE (Country Star Restaurants) Message Board

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Microcap & Penny Stocks : KAFE (Country Star Restaurants)

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To: Floyd Bradley who wrote (23)	2/11/1997 2:36:00 AM
From: wfrazee	of 876

They have 5.7M shares outstanding and 25M authorized. They could keep issuing shares for a long time. The 5.7M doesn't include the warrents and convertable preferred they have issued as well. Shares for cash is my biggest concern with this company. They've told me the Hollywood restraunt is now profitable but that remains to be seen when the 10Q comes out in March. I also wounder if that excludes the one time settlement they got from Universal Studio's (appx $125K). Never the less, I see the recent decline in price as a buying opportunity. It the stock hits .31 again, I'll double my holdings. stocksmart.com - 97 EPS is expected to improve this year -.30 annual - first week open, the Las Vegas restraunt saw 12,000 customers (Las Vegas Review-Journal & Sun, 21 Jul 96) - 30% sales reported to be merchandise (bigger profit margin than food) - 18% sales from liquor (again, bigger profit margin than food) If they don't bankrupt the company in debt and worthless stock, it's got good long term potential.

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