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Microcap & Penny Stocks : ROTI - Harvest Restaurant Group Inc

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To: RavenCrazy who wrote (1503)3/24/1999 8:12:00 AM
From: The Street  Read Replies (1) of 1702
 
Uh, nice DD Raven!

Bascially a "shell" merger between ROTI-- used to operate Harvest stores (like Boston Mkt) that tanked. So Tanners Grill (TRC) "bought" the company.

I say "shell" because ROTI still had some stuff TRC wanted-- like the investors in ROTI. They put up more money for TRC to save their ROTI investment. And some locations were desirable.

So, the Merger is done and all we are waiting for is NEWS and PR.

The company has SUCKED at PR and IR!

The new CEO, Clyde Culp, has been CEO of the largest Wendy's franchisee (146 stores), CEO of Embassy Suites, and COO of Holiday Inns.

So, this is a play on the CEO in my mind.

Finally, EVERYONE I have talked to from the Hotlanta area thinks highly of Tanners.....
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