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Microcap & Penny Stocks : ROTI - Harvest Restaurant Group Inc -- Ignore unavailable to you. Want to Upgrade?


To: kbert who wrote (1393)2/10/1999 8:04:00 PM
From: Edward Mamula  Read Replies (1) | Respond to of 1702
 
The proxy certainly doesn't affect the stock price. There is nothing wrong with increasing the authorized number of shares. It makes it easier for the company to grow by merger and acquisition in the future. Right now, there are 11 company-owned Tanner's restaurants operating, and 2 franchised restaurants. Two more company owned stores and one franchised store are expected to open during the current quarter.

As for the stock's price, I only meant to imply that it is difficult to attract new investors to Tanner's when most of the information that a casual observer might see reflects the results of the Harvest Rotisserie restaurants (which no longer exist), and not the Tanner's restaurants.