Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Warlock who wrote (73)	6/24/1998 11:11:00 AM
From: Peter H.	Respond to of 125

Wednesday, June 24, 1998 Patrick, The promptness of my response to your message reminds me of an old joke about 3 monks living under a vow of silence in Tibet . . . but, more on that later. Thanks for the feedback. I have 1,000 shares at this point and yesterday spent about 30-minutes at Redneck's headquarters office in Asheville, NC. The gentleman I spoke with alluded to a couple of upcoming announcements within the next 30-days, including the aquisition of a couple of existing restaurant chains to be converted to Jeff Foxworthy B-B-Q sites. He advised me to "hang in there" (of course)and said that the stock has been depressed lately by profit taking by early investors. Headquarters is a modest installation. No "wretched corporate excess" here. They are a bare-bones operation, presently frustrated by the delays introduced by legal work delaying the announcements. Work has begun and is proceeding on the old Woody's site. It has been gutted and is being redecorated inside and out. It will be an upscale "Jeff Foxworthy's Smokehouse Grill" version of their series. The real money will be made if their franchising plans materialize, and I feel that the success of that effort will be dependent quite heavily on the visibility of Jeff Foxworthy and his on-going popularity. Afterall, look what happened to Roy Rogers Restaurants. People are fickle and times change. The quality of the food may be the long-term salvation. More, later. -- Thanks! -Peter H.