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


To: FawnVu who wrote (653)2/10/1998 4:40:00 PM
From: david m. uhler  Respond to of 876
 
Dear FawnVu

Good eye! I think this is going to back-fire. Drop like a box of rocks. Well I got my certs(vbg). When I return from vacation I will get on that wall papering project I have been putting off<hg>.

Regards
Dave U



To: FawnVu who wrote (653)2/10/1998 8:28:00 PM
From: ChrisJP  Read Replies (1) | Respond to of 876
 
Hi Fawn,

I still think there are more shoes left to drop here and I got the feeling exrubinfan did too. I can wait another week or 2. The way I look at it, with the reverse split, the bid/ask will be 19/32 by 5/8. Before we could only sell for 5/16 (10 times 1/32) now we can sell for way more, almost what we bought for (assuming you were buying at 1/16).
I can wait because in the absence of news, I think it will take a week or so before the stock drops down to what used to be 1/32.

In principal I do not like reverse splits either, but we're still waiting for COVN to say how much they're paying for CAFE.

Regards,
Chris



To: FawnVu who wrote (653)2/10/1998 8:51:00 PM
From: ChrisJP  Respond to of 876
 
To all, here's another fun fact to ponder:

Someone on the Yahoo thread said he was filled at 1/16 today after waiting almost a month. Volume wasn't that stupendous today. Why would the MMs finally fill at the ask after a month of not doing so ...... ?

Chris