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

To: V$gas.Com who wrote (1460)	3/12/1999 12:27:00 PM
From: rrufff	Read Replies (1) \| Respond to of 1702

I don't think the company will be happy issuing anywhere near what you state. In order to keep control, they need to keep the conversion to something less than their total shares. If you do the math, this means that they need a price of $3-$4 to keep control of the company. How they get there -- well hopefully these guys are as smart as we think they are. Authorized shares -- are just that -- not tradeable until issued and registered. That will take some time.

To: V$gas.Com who wrote (1460)	3/12/1999 12:51:00 PM
From: dougb 1	Read Replies (1) \| Respond to of 1702

I went to the shareholders meeting. Management's proposals were approved by over 2/3rds of the outstanding shares. No other business presented. Mr. Culp said that there would be a Press Release put out today and promised better communication with stockholders. Look for www.ricktanners.com in May. Tanner's is looking for existing business property for best value for expansion. My impression is that the company is very down to earth and hardworking. Mr. Culp appears very interested in developing Tanners for the long term. The Tanners business plan has been their main interest and he apologized for the lack of news to shareholders. IMO, the stock price at present levels seems to be of little concern as they will not be selling or trading in the short term. I feel better about Tanner's and I am more convinced that this will be a rewarding investment. I of course, have a long position in ROTI (new stock symbol forthcoming) Doug