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Microcap & Penny Stocks : Redneck Foods (RDNK) - Poised to become a national chain -- Ignore unavailable to you. Want to Upgrade?

To: Peter H. who wrote (71)	5/14/1998 10:31:00 AM
From: S. Day	Read Replies (2) \| Respond to of 125

Hello Peter, I too live in the Asheville area and have added to my initial RDNK position on two occasions (on the dips). I have kept a close eye on the company since first investing last December and remain very long this stock. Nobody knows how any stock will perform over the long run but large price fluctuations in this stock are to be expected. This is a very young company, a BB stock with a small float whose price can easily be manipulated by traders who are not long the stock. I will visit the Kissimmee location this June and report what I find but there is a very in-depth description of the restaurant at post #33. If you have any questions about the West Asheville location or any other matter I would recommend you call the Redneck Foods office at (828) 277-5577. I spoke with David Womack (president) recently and he is very personable and forthcoming with information. Remember, after any good news such as obtaining financing or the signing of a franchisee you will see a good "pop" in the price of RDNK. Hang in there, S. Day

To: Peter H. who wrote (71)	5/14/1998 10:57:00 AM
From: Warlock	Read Replies (1) \| Respond to of 125

Peter, Actually, I made the mistake of NEVER investing in the company. I liked it and brought it to the attention of SI, but I was wrapped up in other stocks. By the time I had some free, it had gone to $3 and didn't want to start chasing it. I think we are in sore need of news. From what I know, nothing is wrong with the company. I'm not sure what's going on at Asheville's former Woody's location. . . I'll try to inquire about it, but I probably won't get an answer until early next week. I'm under the impression some major financing deals are about to be announced. . . and some other big news was alluded too. I'd suggest hanging in there at this point. . . RDNK may drop a little more, but I think it should pop when news is announced.