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Microcap & Penny Stocks : TBRL - Timber Lodge Steakhouse -- Ignore unavailable to you. Want to Upgrade?

To: BK who wrote (36)	5/14/1998 3:59:00 PM
From: BK	Read Replies (1) \| Respond to of 42

I just spoke to Mr. Rowland at Corporate. I told him I would try to post his comments as accurately as possible. Q: There is a lot of concern on the internet message boards about the status of the TBRL/GBFC merger. Can you provide an update on where we are today? A: The proposed deal between GBFC and GBRI slowed down the TBRL merger. The SEC comments on the proposed deal are currently being looked at in Irvine CA and responses are being prepared. The paper will go back to the SEC and Mr. Rowland expects proxy materials to be out around 1 June. Mr. Rowland commented that GBFC was currently trading below the collar. Q: Do you think GBFC will make up the share difference to keep TBRL merger in the $6 range? A: $6 is a guarantee. Mr. Rowland's own dominant feeling is that GBFC will be trading in the 7.5 to 8 range when the merger happens. Q: What is the status of the JB to TBRL conversions? A: 5 sites ongoing. Phoenix area - Tempe, Mesa and North Scottsdale. Utah - Salt Lake City and Layton (SLC area). Also opening new TBRL in Rochester MN 24 June and trying to get lease in Plymouth MN. Mr. Rowland seemed very sincere and mentioned he had been fielding a lot of calls from concerned shareholders. He was very honest in the opinions he presented. I would STRONGLY encourage anyone to call if they have other concerns. Hope this helps. LOL Bruce Kennedy