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

To: ChrisJP who wrote (470)	12/15/1997 11:44:00 PM
From: FawnVu	Read Replies (1) \| Respond to of 876

Hi Everyone: Day 2, still no news. Didn't receive any fax from CAFE yet. I wonder what they're up to. Maybe D LEE(last post) is right, I don't know but it's getting too late and my mind is too fuzzy to speculate anything. Will sign off now and try to get ready for day 3. Fawn

To: ChrisJP who wrote (470)	12/16/1997 9:26:00 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 876

Chris, thanks for the e-mail. I have stopped following CAFE, but since you asked, I really do not see why 1/32 will be the end. Have they announced a reverse split? From few of the posts it seems they have or will. Does any one here knows how many shares are outstanding and how much of the floor less are left? If you assume that there will be 100,000,000 shares, the current value of the company is about $3 MM, but how much debt was removed from the balance sheet and how much more money will they need to turn this outfit to be profitable. Sure, if these outfits canm be made profitable and the profits do not stay with the Rubins, then $3 MM does not seems an outrageous price to pay, but if the split occurs and the conversion is not finished, then who knows how far this dilution can go. Zeev