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Microcap & Penny Stocks : KAFE (Country Star Restaurants) -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (403)	11/23/1997 10:05:00 PM
From: ChrisJP	Read Replies (2) \| Respond to of 876

Hi Zeev, You keep refering to $9M of convertables, but I did not see anything like that amount in the 10-QSB. I saw something closer to $5.8M of convertables mentioned as shareholder debt liability. Also in the report, Rubin has offered CAFE a $3.5M line of credit of which the company has borrowed $500,000. The company also settled with Rubin for $1,950,000 worth of convertables. Cameron has converted 6M shares out of a max of 8M shares. This was as of Nov 10 but a lot of volume has occured since then. Is there a way to estimate how much of the volume was conversions ? I have no doubt that Rubin is still on the side of low stock price, but can we tell from the 10-QSB and the conversions since the 10th how much further he has to go ? Your calculations are based on a $9M dibenture (144 Million shares @ 1/16 !!!) that I do not see in the 10-QSB. Can you look at the 10-QSB and tell me what I've missed. Regards, Chris