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Microcap & Penny Stocks : CBRB : CBR BREWING - OTC:BB -- Ignore unavailable to you. Want to Upgrade?

To: Pat Maguire who wrote (23)	6/8/1999 2:32:00 PM
From: M. Merriam	Read Replies (1) \| Respond to of 35

Pat, I realize that you're trying to make the best of a potentially bad situation; however, if you read the company's own reports, you will know that local Chinese beers sell at a small fraction of trendy foreign beers, and Blue Ribbon, their present brand, is China's most popular foreign brand. You must be joking about giving up a high margin, foreign premium name for an unknown, low margin Chinese name being a fantastic idea. Besides, their track record in marketing new, Chinese-style products is less than great. Did you read about their attempts last year to introduce new, local-branded product? They failed to come even acceptably close to their initial sales targets and are having to rework the whole thing. Does their press release sound like they share your enthusiasm over this new development? Where do you get a break-up value of $1? Book value and break-up value are two very different things. As I read it, their entire business plan has been based on maintaining the Blue Ribbon brand. What now? Mike

To: Pat Maguire who wrote (23)	6/10/1999 2:58:00 PM
From: M. Merriam	Read Replies (1) \| Respond to of 35

Noticed this in a recent 10-Q: The inability of the Company to obtain an extension or restructuring of the License Agreement with Pabst US under acceptable terms and conditions would have a material adverse effect on the Company's consolidated results of operations, financial position and cash flows. and this: Generally, a 640 ml. bottle of local or regional beer would typically sell for 1 - 2 RMB, as compared to a foreign or premium beer, which would sell for 4 - 6 RMB. Mike