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

To: Richard Rose who wrote (613)	2/1/1998 4:14:00 PM
From: ChrisJP	Read Replies (2) \| Respond to of 876

Hi Richard, We shouldn't count CAFE out yet. With the re-negotiation of their LV lease and the sale of the Atlanta restaraunt assets, their balance sheet should look pretty good. A year ago they had (I think) $5M in debts. At this point they should have $2M - $2.5M in the bank.This alone is good for .02 - .03 per share (assuming 80M - 100M shares.) IMO, all they have to do is earn 1/4 cent per share per quarter (i.e. $250,000) and the stock is worth .10. Granted, that's not a lot, but hey it's double what you can buy it for. The wild card is this change-in-ownership story (the SEC Form 4) and the 8 month lease on the LV restaurant. If the first one is true, I don't expect it to increase the value of the stock, but it will increase investor willingness to own. Does anyone care to speculate on the change in ownership ? If Rubin transfered his stock (instead of selling it), then why is he still cutting deals for CAFE ? Was the receiver of Rubin's stock the "good News" James Holton wanted Rubin to announce ? I can't get the story to add up. Any thoughts ? Chris P.S. Any other CMYN-like stocks going on? I passed on it and VLNT. It figures the one I went for (CAFE) turned out not to happen :-)