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Non-Tech : BJ's Restaurants Inc.

BJRI 34.95

+0.7%

Nov 7 9:30 AM EST

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To: JustMy2Cents who wrote (368)	2/26/1999 5:13:00 PM
From: Robert T. Quasius	Read Replies (1) of 865

I talked with Alex Muerilo of LPL today about recent developments at CHGO. Here's a summary of our conversation. By the way, his phone number is 714-670-0934 if anyone else wants to talk with him. He said all of us shareholders are getting s-----d royally. The management contracts that would be cancelled are next to worthless anyway, and the warrants are next to worthless as well. Basically, ASSI is getting shares for $0.80 that are worth a lot more. He was in court today trying to get a preliminary injunction against the deal with ASSI, but was unsuccessful. Maybe we'll see a story in the LA Times about this court fight. It is his understanding that the Board doesn't need shareholder approval to do the deal. He plans to continue his lawsuit. He didn't make it a class action lawsuit because that takes time to organize, and he wanted to get a preliminary injunction quickly before the deal closes. I suggested he should consider making it a class action lawsuit, as I also believe we are getting s-----d. He also told me that he might just go ahead and do a tender offer, proxy fight, etc. He asked whether I knew other shareholders who might be willing to sell their shares. I told him there are quite a few on the SI Investor and yahoo boards. He does not believe that he would need to offer anything for the warrants. He was also curious about how other shareholders felt about the prior offer to the board. I told him that the other investors felt the offer was low relative to the future prospects of the company.

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