Chart near low and company is doing what it says... Kinda unique for pinky...

 

Just got it @ .07

[This message has been edited by Bob Frey (edited March 29, 2004).]
 

Looks good to me from here...
 

FYI: That could be a while...

[This message has been edited by Bob Frey (edited March 29, 2004).]
 

I admit this looks real promising, but there seems to be genuine disintrest on both the part of the market and the MM.

If it does trade sideways for a bit that is fine by me...

Still think near short term is a double or more from here.

But hey what do I know...

Still, I agree, the short term looks promising.

They filled it...

[This message has been edited by Bob Frey (edited April 02, 2004).]
 

NEW YORK, Jan. 22, 2004 (PRIMEZONE) -- The following is an investment opinion issued by Investrend Research Syndicate:
Rascals International, Inc. (OTC BB:RSCA.OB - News), has enrolled in the unique shareholder empowerment platform administered by Investrend Communications, Inc., a provider of financial intelligence programs.

Institutional analyst coverage will be initiated by Investrend Research analyst Robert Vile, CFA, CPA. The company, along with the analyst, will also be participating in Investrend Broadcast's Company of the Week(tm) webcast in partnership with VCall. Investrend Research is located on the web at http://www.investrendresearch.com.

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Rascals International, Inc. is one of the premier comedy clubs in the United States, drawing upon its respected national recognition and rich history of providing the highest quality comedic entertainment in its growing chain of venues, both in its stand-alone and hotel-based operations. Rascals recently said it will open a 7,000 square foot, 350 seat comedy club located in the Palisades Center in West Nyack, NY, the second largest retail mall in the U.S.

Also, the company has announced a definitive purchase agreement to acquire 100% ownership of a nationally known chain of popular nightclubs that will add approximately $12.0 million of annual revenue, and a 20 percent pretax net to Rascals' existing comedy club operations during the 2004 fiscal year.

For more information, visit http://www.rascals.net.

An InvestorPower(tm) page has been created regarding the company at http://www.investrend.com/company/list.asp?sPathParam=yes.

Robert J. Vile, CPA, CFA has performed equity investment research for over 20 years, for both sell-side and buy-side firms. He has extensive research experience in the healthcare, technology, retail, consumer and energy sectors. Mr. Vile is currently the Chief Investment Officer of PrimeSolutions Advisors in Horsham, PA. Previously, Mr. Vile was a Managing Director at Trainer Wortham in New York, where he was a senior member of the Investment Research & Stock Selection Committee and managed the Large Cap Growth Strategy. Mr. Vile received his BS in Accounting from Susquehanna University in 1980. He was awarded his professional designations, Certified Public Accountant in 1981 and Chartered Financial Analyst in 1992.

Investrend Research has been the leading independent equity research publishing and distribution program since 1996, with over 65 AIMR-qualified professional analysts posting more than 550 reports to date. Anyone may enroll a company in the Investrend platforms. Enrollment fees for the Institutional Research platform is $28,300 per annum. Enrollment fees for ``Company of the Week'' webcasts are $2,840.00. These enrollment fees are being paid by the company. Analysts are paid in advance for their initial reports by Investrend Research to limit or eliminate pecuniary interests, and no one associated with the program may own or trade in the equities of companies under coverage.

Anyone interested in receiving alerts regarding

Bluewater rocks the his-ouse!!!

 

Issued = the number of shares the company has acctualy issued.
 

quote:

---

Originally posted by theyellowegg:
Is anyone playing this stock anymore? I went to the Jersey City NJ show and it was pretty busy but I have to admit the comic wasn't that great. I wonder why everyone hates this stock. Just hope this stock goes up a little, if my wife finds out how much money I've recently lost, she might file for divorce. LOL

---

thanks
 

BID:
1x.053
1x.052
2x.051
9x.05

nice support at a nickel!
 

what do you think bob, will it keep moving long term? will they dilute now?
 

Can pay a few beer tabs...

the chartd look very good.

do you think it could got to 2.00 as some are projecting?
 

[This message has been edited by osubucks30 (edited April 12, 2004).]
 

10K out....
 

are you getting back in on this dip?
 

[This message has been edited by timberman (edited April 16, 2004).]
 

So let me understand on RSCA we should run away from this stock?

Or should we still buy below .08?

Teufelmann.

 

quote:

---

Originally posted by Teufelmann:
Bob and Timber,

So let me understand on RSCA we should run away from this stock?

Or should we still buy below .08?

Teufelmann.

---

Never chase a stock and never try and catch a falling knife!

???

e2
 

if we will see 0,08 again...for me it seems that will be the last chance to buy cheap ...I've never thought that we will see this level again ! ....bec the target 2004/2005 is 2$ per share (!) ....don't forget it ! ....so 0,08$/share is NOTHING ! ...it's a gift !

Ciao

 

------------------
Chris
 

thanks.
 

I believe it was picked at .07 and then went down to .04 then jumped to .20

Remember, we are playing penny stocks, they are all QUICK buy's and sell's.

QBID is a temporary exception.
 

WEST ORANGE, N.J., Nov. 12 /PRNewswire-FirstCall/ -- Rascals
International Inc. (OTC Bulletin Board: RSCA) announced today that it has
obtained an equity based financing instrument to serve the Company's long term
capital needs. Rascals has entered into agreements with Cornell Capital
Partners, LP to provide RSCA with a $10,000,000 Standby Equity Distribution
Agreement, subject to an effective registration with the United States
Securities and Exchange Commission, covering the resale of the shares being
offered.
Pursuant to the terms of the Standby Equity Distribution Agreement with
Cornell Capital, Rascals has the right, but not the obligation, to
periodically require Cornell to purchase shares of RSCA common stock in
amounts up to $450,000 per month, to a maximum of $10 million over the course
of 24 months. The decision to sell common stock to Cornell Capital is
entirely at the discretion of Rascals, Inc. and there are no minimum drawdowns
required.
Commenting on the execution of the agreements with Cornell Capital, Ed
Rodriguez Chairman, CEO of Rascals stated, "This type of flexible financing
package will allow us to implement a more aggressive fundamental long term
business plan and enable the company to achieve its aggressive sales growth
expectations for fiscal year 2004."
"We anticipate opening three new Rascals comedy club locations, presently
in development, during the next 120 days. Our goal for 2004 is to open at
least four additional locations by year-end. The revenues generated from these
new clubs, combined with our aggressive acquisition strategy, should help
position us as one of the premier comedy club chains in the country. Rascals
is the only publicly traded comedy club operator in the U.S. currently."

They've got a pretty good backup. If we would be passing the 3/4 of the 24 month I would be scared too. But not at this point. I really do thing they finally getting the foot into the right door.

Also they are meeting there goal. Opening new standing comedy club as they said they would.

I'm still waiting on this. WEST ORANGE, NEW JERSEY – (January 14, 2004)-Rascals International Inc. (OTCBB: RSCA) announced today that it had signed a definitive purchase agreement to acquire 100% ownership of a nationally known chain of popular nightclubs. The purchase, for a combination of cash, stock and the assumption of debt, will add approximately $12.0 million of annual revenue, and a 20 percent pretax net to Rascals’ existing comedy club operations during the 2004 fiscal year. The parties anticipate closing the transaction in the First Quarter 2004.

Just a matter of time. I'm in no rush I keeping this one for a while.
 

I've bought some shares (like IBIZ too) ... RSCA will go to 1$ by the end of the year ... and maybe 2$ in 2005 .... all we need is some sleep ;-) ...and then wake up rich :-)

What RSCA need are some real numbers what shows that they on the right side and make real money/profit ! So wait for the next reports and we will see it's a good investment in the future ... hope so ;-)

...so be cool !
 

INFORMATION REQUIRED IN INFORMATION STATEMENT

Information Statement Pursuant to Section 14(c) of the
Securities Exchange Act of 1934

Check the appropriate box:

[x] Preliminary Information Statement [ ] Confidential, for use of the
Commission only
[ ] Definitive Information Statement

Rascals International, Inc.

(Name of Registrant as Specified In Its Charter)

Payment of Filing Fee (Check the appropriate box):

[x] No fee required.
[ ] Fee computed on table below per Exchange Act Rules 14c-5(g) and 0-11.
1) Title of each class of securities to which transaction applies:

.................................................................
2) Aggregate number of securities to which transaction applies:

.................................................................
3) Price per unit or other underlying value of transaction pursuant to Exchange Act Rule 0-11. (Set forth the amount on which the filing fee is calculated and state how it was determined.)

.................................................................

4) Proposed maximum aggregate value of transaction:

.................................................................

5) Total fee paid:

.................................................................

[ ] Fee paid previously with preliminary materials.

[ ] Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.

1) Amount Previously Paid:

......................................

2) Form, Schedule or Registration Statement No.:

......................................

3) Filing Party:

......................................

4) Date Filed:

......................................

--------------------------------------------------------------------------------

RASCALS INTERNATIONAL, INC.
501 Bloomfield Avenue
Montclair, New Jersey 07042

INFORMATION STATEMENT
To the Holders of Common Stock:

The purpose of this Information Statement is to notify you that the holders of shares representing a majority of the Common Stock of Rascals International, Inc., have given their written consent to a resolution adopted by the Board of Directors of Rascals to amend the certificate of incorporation of Rascals so as to (1) change the name of the company to "Headliners Entertainment Group, Inc." and (2) increase the authorized number of common shares to 500,000,000. We anticipate that this Information Statement will be mailed on May 4, 2004 to shareholders of record. On or after May 25, 2004, the amendment to the Certificate of Incorporation will be filed with the Delaware Secretary of State and become effective.

Delaware corporation law permits holders of a majority of the voting power to take shareholder action by written consent. Accordingly, Rascals will not hold a meeting of its shareholders to consider or vote upon the proposed amendment to Rascals' certificate of incorporation.

WE ARE NOT ASKING YOU FOR A PROXY.
YOU ARE REQUESTED NOT TO SEND US A PROXY.
May 4, 2004 EDUARDO RODRIGUEZ, President

--------------------------------------------------------------------------------

VOTING SECURITIES AND PRINCIPAL SHAREHOLDERS
We determined the shareholders of record for purposes of this shareholder action at the close of business on March 29, 2004 (the "Record Date"). On the Record Date, 100,000,000 shares of common stock, par value $0.001, were authorized. Each share of common stock is entitled to one vote. On the Record Date, there were 15,179,366 shares of common stock issued, outstanding and entitled to vote.

Rascals has issued only one class of equity securities: its common stock. The following table sets forth information regarding the common stock beneficially owned (i) by any person who, to our knowledge, owned beneficially more than 5% of the common stock as of March 29, 2004 (ii) by all members of Rascals' Board of Directors, and (iii) by the directors and officers of Rascals as a group. None of the persons identified below owns any securities issued by Rascals other than the common stock listed below.

Amount and
Nature of
Name and Address Beneficial Percentage
of Beneficial Owner(1) Ownership(2) of Class
----------------------------------------------------------
Eduardo Rodriguez 3,533,404(3)(4) 23.3%

Michael Margolies 3,528,963(3)(4) 23.2%

Gary Marks 25,750 0.2%

All Officers and Directors
As a Group (3 persons) 4,810,905(3)(4)
31.7%
____________________________________

(1) Except as noted, the address of all shareholders is c/o Rascals International, Inc., 501 Bloomfield Avenue, Montclair, NJ 07042
(2) All shares are owned of record unless otherwise indicated.
(3) The shares beneficially owned by Messrs. Rodriguez and Margolies each include 1,000,000 shares subject to the terms of the Restricted Stock Grant Program.
(4) The shares beneficially owned by Messrs. Rodriguez and Margolies each include 1,638,606 shares owned of record by Rodmar Holdings, LLC and 638,606 shares owned of record by Marod Holdings, LLC. Mr. Rodriguez and Mr. Margolies are the two Managers of Rodmar and of Marod. Mr. Rodriguez' wife owns a 50% interest in Rodmar and a 50% interest in Marod in trust for their minor children. The remaining 50% interest in each LLC is owned by The Margolies Family Trust. The Trustee of the Margolies Family Trust is Mr. Margolies' spouse, and the beneficiaries of the Trust are Mr. Margolies' spouse and children.

AMENDMENT OF THE CERTIFICATE OF INCORPORATION
TO CHANGE THE NAME OF THE CORPORATION
The Board of Directors of Rascals has unanimously adopted a resolution to change the name of the corporation from "Rascals International, Inc." to "Headliners Entertainment Group, Inc." The holders of shares representing a majority of Rascals outstanding common stock have given their written consent to the resolution. Under Delaware corporation law, the consent of the holders of a majority of the shares is effective as shareholders' approval. We will file the Amendment with the Secretary of State of Delaware on or after May 25, 2004, and it will become effective on the date of such filing (the "Effective Date").

The name change has been approved because the new name better represents the corporation's business plan. Until recently the corporation's business was focused exclusively on the operation of the Rascals Comedy Clubs. The corporation intends to continue that business in the future, but will also be involved in other entertainment ventures.

Certificates for the corporation's common stock that recite the name "Rascals International, Inc." will continue to represent shares in the corporation after the Effective Date. If, however, a shareholder wishes to acquire a certificate reciting the name "Headliners Entertainment roup, Inc." after the Effective Date, he may do so by surrendering his certificate to Rascals' transfer agent with a request for a replacement certificate and the appropriate stock transfer fee. Rascals' transfer agent is:

Interwest Transfer Company, Inc. 1981 East 4800 South, Suite 100 Salt Lake City, UT 84117 Telephone: (801) 272-9294 Fax: (801) 277-3147

AMENDMENT OF THE CERTIFICATE OF INCORPORATION
TO INCREASE THE AUTHORIZED COMMON STOCK
The Board of Directors of Rascals has unanimously adopted a resolution to increase from 100,000,000 to 500,000,000 the number of shares of common stock authorized by the Certificate of Incorporation. The holders of shares representing a majority of Rascals outstanding common stock have given their written consent to the resolution. Under Delaware corporation law, the consent of the holders of a majority of the shares is effective as shareholders' approval. We will file the Amendment with the Secretary of State of Delaware on or after May 25, 2004, and it will become effective on the date of such filing (the "Effective Date").

The purpose of the increase is to enable Rascals to enter into arrangements for the sale of its equity that are needed in order to fund the implementation of its business plan. Rascals has not entered into any agreement to issue the additional shares. However it is currently party to an Equity Line of Credit Agreement with Cornell Capital Partners, LP, pursuant to which some of the additional shares may be issued.

The Equity Line of Credit Agreement provides that during the two years commencing January 8, 2004 Rascals may demand that Cornell Capital Partners purchase shares of common stock from Rascals. The aggregate maximum that Rascals may demand from Cornell Capital Partners is $10,000,000. The number of shares that Cornell Capital Partners will purchase after a demand will be determined by dividing the dollar amount demanded by a per share price. The per share price used will be 98% of the lowest daily volume-weighted average price during the five trading days that follow the date a demand is made by Rascals.

During 2004 Rascals has sold a total of 7,955,121 shares to Cornell Capital Partners pursuant to the terms of the Equity Line of Credit Agreement, and received $650,000 for those shares. In addition, Cornell Capital Partners has made loans to Rascals, the remaining balance of which totals $850,000. The loans will be satisfied at a rate of $50,000 per week by Rascals issuing shares to Cornell Capital Partners under the terms of the Equity Line of Credit Agreement. The number of shares that will be issued in this way will depend on the market price of Rascals' common stock from time to time. At present, by agreement with Cornell Capital Partners, Rascals has reserved 52,044,879 of its authorized common shares to be available for issuance if needed to satisfy the outstanding loans.

We do not know whether any of the additional shares being authorized will be needed to satisfy Rascals' obligation to Cornell Capital Partners, nor whether Rascals will otherwise sell any of those shares to Cornell Capital Partners pursuant to the Equity Line of Credit Agreement.

No Dissenters Rights
Under Delaware law, shareholders are not entitled to dissenters' rights with respect to the Reverse Split.