RASCALS...LOOOOOOOOOOOOOOOOOL - 500 Beiträge pro Seite

[Berta Roker]

RASCALS hat ein autorisiertes Aktienkapital von 500 Mio. Aktien, das nur zu einem kleinen Bruchteil ausgenutzt ist. Hauptfinancier der Wachstumstrategie von RASCAL ist der venture capital-Fonds Cornell Capital Partners, der für seine Finanzierungsgelder RASCALS-Aktien bezieht. Auf diese Art und Weise erhöht sich die Zahl der umlaufenden Aktien ständig.

looooooooooooooool

[Schweinskopf]

Die Investorengruppe Cornell Capital Partners investiert in RASCALS 10 Mio USD. Folgende Überlegungen:

* Kapitalgeber prüfen in der Regel den Businessplan den Rascals vorgelegt hat intensiv
* Cornell Capital Parnters übernimmt periodenweise bis zu 450.000 Stück an Aktien, die jedoch erst ab Nov 2005 verkauft werden können
* Rascals Marktkapitalisierung???!!!!
Lt. Bloomberg 6,09 Mio USD (33,48 Mio Stück, Quelle Edgar)
Lt. Analyse InvestrendReseach beim Kurs von 0,05 ca. 520.000 USD...der Aktienkurs beträgt jetzt ca 0,16 USD ...demnach 1,5 Mio USD?????? Lt. Analyse beträgt die Aktienanzahl nur 10 Mio Aktien
Lt. Bigcharts.com beträgt die MarketCap 2,97 Mio USD, die Anzahl der Stücke 18,69 Mio.???!!!!!!!!!!!!!!!
* Unabhängig davon: Wenn ein Investor/Kapitalgeber 10 Mio investiert sollte die MarketCap mindestens 10 Mio betragen!!!!!!!!!!!!!!!!!!

Fazit: Wenn das Geschäft läuft, dann sollte sich die MarketCap mit Sicherheit in Richtung 20-50 Mio einpendeln. Würde also etwa 0,50 bis 1,25 USD entsprechen. Jedoch wird ein positiver Gewinn anders bewertet. Also können die 2 USD mehr als realistisch sein.

Voraussetzung wie gesagt: Das Geschäft muss laufen, und die Interessen von Manipulationen darf es nicht geben.

[Berta Roker]

#2

looooooooooooooool


wer solln das sein?

[Opla]

Bin gestern rein und heute raus. War ein guter Schnitt. Warte bis Sie noch mal zurück kommen und investiere den Gewinn dann long.
Sehe hier eine sehr grosse Gefahr seitens der Verwässerung. Sowas geht an der OTC sehr schnell. Und der größte Fehler der gemacht wird ist, dass Deutschland den Kurs wieder vorweg nimmt und sich hinterher alles wundert wenn Amerika nicht mitzieht. Lasst euch nicht von jedem hier blenden.

[Berta Roker]

#4


einer der wenigen, der es verstanden hat

[Berta Roker]

Heute betreibt RASCALS sechs Clubs in den Bundesstaaten New Jersey und Mississippi.



****SCHLAPPLACH****

[Schweinskopf]

Mensch Berta lass uns doch den Spaß (bist wie meine Oma)

mit Rascals Comedy

Habe mein Investment aus Gewinnen finanziert. Darüber hinaus ist dies keine Technologie Aktie. Schau mal ins Internet (z.B. Gästebücher ...positive Kritiken und und und....).

Mein größtes Problem: In Spitzenzeiten als Rascals nahe bei 2000 USD stand!!!! haben Sie Comedy Shows eröffnet, geschlossen, geöffnet...haben was mit Immobilien zu tun gehabt...????? Muss man wahrscheinlich erst verstehen, nicht anschauen und aus Gewinnen kaufen!

[broker9864]

kann man die nicht in deutschland kaufen und welche wkn bitte ?

[lux2001]

WKN 262743
ISIN US75405N2018
Symbol RII.BER
Börse Berlin
Aktueller Kurs 0,15
Differenz abs. +0,04
Differenz % +37,61 %
Kurszeit 12:47
Kursdatum 26. Mai 2004
Eröffnungskurs 0,14
Tageshöchstkurs 0,15
Tagesttiefstkurs 0,13
52 Wochen Hoch n/a
52 Wochen Tief n/a
Letzter Schlußkurs 0,11
Schlußkurs vom 25. Mai 2004

Salut

[Berta Roker]

#8

los schnell kaufen, gibt bald keine mehr, alle in festen händen

[broker9864]

kauf doch bei 0,11 gleich gehts runter wenn zocker und lemminge sich in die hosen machen

[Schinderluder]

Ich habe Heute auch den Börsenbrief gelesen. Irgendwie erinnert mich das an ISTEELASIA. Die letzten beißen die Hunde. Blooos die Finger weg davon.

Übrigens..die Herausgeber dieser Empfehlung...die dürften schon verkauft haben.

[Schweinskopf]

Warum so ängstlich????
Die fangen doch erst an das Ding hochzutreiben...werden heut noch 70% höher notieren.

Berta bitte nicht wieder belehren! (Bist sonst wie meine Oma)

Gruss Schweinskopf


P.S. Ein bißchen Spaß muss sein...und auch ein wenig Sonnenschein!

[broker9864]

oh heute noch 70% höher ok wenn nicht was dann ? bekomme ich dann das geld von dir oh mann was für lemminge

[falke80]

Broker hat zu 100% recht. Man sieht doch ganz deutlich das die Aktie jetzt langsam und dann immer schneller runter geht..
Die Amis werden zwar am Anfang noch mal zulegen, aber dann kommt der freie Fall.

[xtodaimand]

blödsinn wir haben bei 0,15 nur einen widerstand ..
wenn der gebrochen ist gibt es erst einmal ein hyp nach oben !!!!

[falke80]

Na klar, nach 65% plus in zwei Tagen, kommt da mit einer Doppelspitze, ein Widerstand. Den Unsinn glaubt doch mittlerweile keiner mehr. Wer ist den so blöd jetzt zu den Kursen noch einzusteigen?
Den will ich sehen...

[Berta Roker]

wie blöd muss man nur sein, sich in so eine pommesbude reintreiben zu lassen

den einzigen geschäftszweck, den solche buden haben, ist aktien zu verkaufen, mehr nicht

aber das kapieren eben die wenigsten

[falke80]

Und alle die es immer noch nicht verstanden haben lesen sich das mal durch:

http://www.sec.gov/Archives/edgar/data/1107802/0001107802040…

Gruß

[Dausend1000]

18 Cent in Berlin !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[Dausend1000]

19 Cent !!!!!!!!!!!!!!!!!!!!!!!!!!!

ich verkaufe kein Stück

[invest2002]

aber an alle kritiker: wer z.b gestern noch reinkam zu zb. 0,11 euro..der hat zwischenzeitlich einen fetten gewinn....und in solchewerte muss man ja keine 10000 euro anlegen...

invest2002

[Dausend1000]

20,5 Cent

[invest2002]

wirklich erstaunlich, wie ruhig es von den kritikern wird, wenn sie sich in der entwicklung geirrt haben..

invest2002

[Buergervroni]

im moment konsoliedrung auf hohem Niveau wie gehts weiter wenn wir dicht haben, heut noch einsteigen?

[Dausend1000]

ich bin zwar kein Freund von Charts, aber den ersten
dicken Widerstand seh ich erst bei 50 US Cent
Vielleicht erreichen wir diese 50 US Cent in den nächsten
4 Wochen.

[micjagger]

zu 24
die wollten doch alle nur noch billig rein

[invest2002]

billig war gestern...da war auch nach 18.00 uhr jede menge zeit in berlin zu kaufen...

invest2002

[Bitzenl]

Hey Dausend,
was sagste jetzt zu dieser tollen Empfehlung von Börse-Inside.Bist du auch,wie ich,gestern bei 0,104€ rein?
Ich habe Dir doch immer gesagt,das man durch Börse-Inside reich werden kann.

[Buergervroni]

langsam kommt wieder bewegung rein, schöne käufe aus dem ask kleiner ins bid aktuell 0,23 denke morgen eröffnen wir schön in d, also wer noch nicht drin ist viel zeit bleibt nicht mehr

[Buergervroni]

die nächste welle rollt aktuell 0,238

[Dausend1000]

#29
das funktioniert aber nur mit einigen Empfehlungen von Börse Inside.
aber wie ich gestern früh diese Mail gelesen habe
RASCALS 3000% Kurspotenzial KGV 0,3 da habe ich schon fast
reflexartig 300.000 Stück gekauft (zu 10,3 Cent)

[Buergervroni]

0,24 bezahlt mit 20K

[Buergervroni]

0,245

[Buergervroni]

neues th 0,248

[Buergervroni]

0,249 bezahlt

[Buergervroni]

0,25 sorry

[Buergervroni]

0,26 bezhalt

[gomezs]

[Buergervroni]

0,27 bezahlt

[gomezs]

In den USA ist alles möglich!

[kafutznik]

Sehr gut

[heikekarina]

80% Gewinn an einem Tag, das muss reichen. Ich bin raus. Viel Glück allen weiterhin investierten.

[kafutznik]

Gut gemacht,habe 102% und die hälfte verkauft der Rest ist umsonst auch gut

[heikekarina]

Glückwunsch. Rechnest Du mit einem Rücksetzer, oder war es reine Vorsicht?

[AF314]

0.20
Morgen 0.30
mal sehen

[micjagger]

Hoffe mal daß es fundamental noch viel weiter geht

[xtodaimand]

nein sowas nennt man gewinn mitnahme

[heikekarina]

AF314

bleib mal auf dem Teppich. So vermeidestDu am besten, das Du eine Schlappe erleidest, auch wenn ich Dir diesen Wunschtraum gerne gönnen möchte.

[heikekarina]

xtodaimand

da werden wohl noch mehr Gewinnmitnahmen einestzen

[heikekarina]

xtodaimand

da werden wohl noch mehr Gewinnmitnahmen einsetzen

[kafutznik]

Eine Gewinnmitnahme schadet nicht obwohl ich denke das es noch bestimmt bis 0,80 cent geht irgendwie so ein Gefühl

[xtodaimand]

deswegen verkauft man ja auch nur einen teil
der rest arbeitet weiter..oder man versucht morgen ein kleines bissel tiefer wieder rein zu gehen

[kafutznik]

Genau mal sehen wie die Amis schließen da kommt noch was da kaufen zu viele auf diesem hohen Nivoe so jetzt Fußball grins bis morgen war ein Geiler tag oder??Tschüssi und viel erfolg

[Buergervroni]

jetzt kommen aber große pakete ins spiel bin mal gespannt wie sie enden

[Schweinskopf]

Bin zu Hause! ...und natürlich zeitverzögert...Hast Du neue Kurse und Umsätze.

Insgesamt jedoch unwichtig wenn die Aktie tatsächlich deutlich zugewinnen kann (zunindest bis zum 11. Juni)!

Den wahren Charakter dieses Wertes wird es jedenfalls erst in den Folgemonaten zu erkennen geben.

[Buergervroni]

im Moment siehts "leider" so aus
Last: 0.225
High: 0.275
Low: 0.160
Open: 0.176
Change: +0.06
Volume: 16,865,800


Bid: 0.226
Ask: 0.235
Bid/Ask Size: 5,000 / 5,000


52 Wk High: 2.200
52 Wk Low: 0.045
%Change: 41.5%


Market Cap: N/A
Price/Sales: N/A
EPS: $0.00
P/E Ratio: N/A


Market Data Powered By ComStock
05/26/04 - 3:33 p.m. Eastern -- No Quote Delay.

Last 10 trades


Time Price Volume Exchange Info


15:32:16 0.225 5000 OTCBB
15:32:09 0.225 10000 OTCBB
15:32:07 0.225 5000 OTCBB
15:32:02 0.225 25000 OTCBB
15:31:30 0.222 5000 OTCBB
15:31:30 0.225 5000 OTCBB
15:30:48 0.222 5000 OTCBB at Ask
15:29:56 0.225 5000 OTCBB
15:28:40 0.230 20000 OTCBB at Bid
15:28:40 0.230 5000 OTCBB at Bid

[Schweinskopf]

Eine richtige "Paketschlacht"...Die Umsätze von gestern werden so übertroffen. Damit werden die umlaufenden Stücke von ca. 38 Mio Aktien (offizielle Zahl/Bilanz/Edgar) in zwei Tagen umgesetzt!!!!!!!!!!!!

[Buergervroni]

wenns so weiter geht werden wir hier wohl im roten bereich eröffnen, was meinst du wie es morgen weitergeht

[Schweinskopf]

Mal ganz ehrlich! Mir hätten die um 0,26/0,27 angelaufenen 100% genügt zumal ich "solche" Aktien normalerweise nicht einmal mit der Kneifzange anfasse. Wäre dies eine typische Technologieaktien gewesen ...nein danke. Mir hat es gefallen, dass die Aktie noch in der Nähe der Tiefstände lag als die ominöse Empfehlung kam. Habe mich aber schnell eingelesen, eingelebt in der Aktie und meine das diese tatsächlich ein Potential größerem Ausmaßes besitzt (was nicht heißt das Rascals Comedy nicht hochspekualtiv ist/schaue gerne auf Schulden, Eigenkapitalquoten, Wachstumsraten usw. welche im vernünftigen Vrhältnis stehen). Habe zudem Gewinne investiert. Bin deshalb völlig relaxt und zudem nicht durch andere OTC BB Vehicel vorbelastet.

Wie ich die Situation realistisch einschätze...das Ding geht weiter...vielleicht nicht morgen...aber die Wahrscheinlichkeit sieht nicht schlecht aus.

[derburnner]

Sogar sehr wahrscheinlich! Du hast den Punkt getroffen!

[BioTechAnalyse]

sk $0,241 -- kann ne "Jahrhundert"-Aktie werden ... so long

#bta

[derburnner]

Dann kann es ja weiter gehen!

[Schweinskopf]

Die höheren Umsätze wurden nicht mit merklich tieferen Kursen (sprich Einbruch) quittiert. Das halte ich für tendenziell positiv!




..." The Company is currently in negotiations is several locations for other hotel-based comedy clubs In each of these arrangements the hotel will provide the facility rent-free and operate the food and beverage service. Rascals will provide the show and the promotion only, receive a share of the food and beverage gross revenue, and keep all admission proceeds. The comedy clubs are a valuable asset to hotels as a new driver of food and beverage business. The average increase in food and beverage revenues have been $1.3 to $1.5 million annually. The hotel can also offer a new packages, such as pre-show dinner, dinner and show or room night packages to its customers. This is viewed as a distinct competitive edge in a local market...."

Auszug aus dem Report für diejenigen welche die Aktie nicht kennen

[derburnner]

Nachbörslich steigende Tendenzen!

[BioTechAnalyse]

16:18:41 0.220 500000 OTCBB at Bid

[cyberwilly]

Klarer Fall von Hop oder Top!

Schon bedenklich, wenn das Management selber sagt:

1. Rascals lacks the capital necessary to expand its operations.

Könnte trotzdem laufen wie einst Hartcourt.
Wurde auch durch Hoffnung und den eigenen
Schwung hochgerissen bis zur Verzehnfachung
(unter enormen Schankungen).

Was mich aber am meisten wundert: Bei Raging Bull
wird das Teil kaum diskutiert, obwohl die US-Umsätze
ja nicht schlecht sind.
http://ragingbull.lycos.com/mboard/boards.cgi?board=RSCA

Fragt sich, wer den Kurs bestimmt.
Deutschland oder USA?


Hier der ganze Quartalsbericht vom 19. Mai 2004.



U. S. Securities and Exchange Commission
Washington, D. C. 20549

FORM 10-QSB

[X] QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2004


[ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934

For the transition period from _____ to _____

Commission File No. 0-33145

RASCALS INTERNATIONAL, INC.
--------------------------------------------
(Name of Small Business Issuer in its Charter)

Delaware 84-1195628
-----------------------------------------------------------------------
(State or Other Jurisdiction of (I.R.S. Employer I.D. No.)
incorporation or organization)

501 Bloomfield Avenue, Montclair, NJ 07042
------------------------------------------
(Address of Principal Executive Offices)

Issuer`s Telephone Number: [phone]

Indicate by check mark whether the Registrant (1) has filed all reports
required to be filed by Sections 13 or 15(d) of the Securities Exchange Act
of 1934 during the preceding 12 months (or for such shorter period that
the Registrant was required to file such reports), and (2) has been subject
to such filing requirements for the past 90 days. Yes [X] No [ ]

APPLICABLE ONLY TO CORPORATE ISSUERS: Indicate the number of shares
outstanding of each of the Registrant`s classes of common stock, as of the
latest practicable date:

May 18, 2004
Common Voting Stock: 38,289,188

Transitional Small Business Disclosure Format (check one): Yes [ ] No [X]

<PAGE>


PART 1. FINANCIAL INFORMATION

Rascals International, Inc. and Subsidiaries
Condensed Consolidated Balance Sheet
March 31, 2004


Assets

Current Assets
Inventory $ 8,938
Prepaid consulting 985,604
----------
Total Current Assets 994,542
----------

Property and equipment, net 44,465

Other Assets
Construction in progress 544,547
Deposit on acquisition 725,000
Liquor license, net of accumulated
amortization of $24,592 26,508
Security deposits 2,500
Prepaid consulting, net of current portion 423,137
----------
Total Other Assets 1,721,692
----------
Total Assets 2,760,699
==========

Liabilities and Stockholders` Equity

Current Liabilities
Accounts payable and accrued expenses 2,091,409
Equity line of credit 850,000
Due to Rascals Montclair 167,297
Notes payable 392,000
Deferred income 13,312
----------
Total Current Liabilities 3,514,018
----------
Total Liabilities 3,514,018
----------
Stockholders` Equity
Common stock, authorized 100,000,000 shares,
$.001 par value, 15,179,838 shares issued
and outstanding 15,180
Additional paid-in capital 9,718,913
Accumulated deficit (10,487,412)
----------
Total Stockholders` Equity (753,319)
----------
Total Liabilities and Stockholders`
Equity $ 2,760,699
==========



See notes to the condensed consolidated financial statements.



<PAGE>


Rascals International, Inc. and Subsidiaries
Condensed Consolidated Statements of Operations




Three Months Ended
March 31,
2004 2003
(Unaudited) (Unaudited)
-----------------------------
Net Sales $ 238,551 $ 1,118,226

Costs and Expenses
Cost of sales 95,851 511,468
Restaurant operating expenses 39,962 382,255
Rent expense 21,726 38,825
Depreciation and amortization 3,091 10,606
--------- ---------
Total Costs and Expenses 160,630 943,154

Gross Profit 77,921 175,072

General and Administrative expenses
General and administrative expenses 504,647 300,171
Stock based compensation - 57,917
Stock issued for consulting services 321,108 5,459
--------- ---------
Total General and Administrative Expenses 825,755 363,547

Net Loss $ (747,834) $ (188,475)
========= =========
Earnings per share
Earnings (Loss) Per Common Share $ (0.06) $ (2.60)
========= =========
Earnings (Loss) Per Share-Assuming Dilution $ (0.06) $ (2.60)
========= =========
Weighted Average Number of Common
Shares Outstanding 11,720,862 72,408
========== =========






See notes to the condensed consolidated financial statements.


<PAGE>

Rascals International, Inc. and Subsidiaries
Condensed Consolidated Statements of Cash Flows


Three Months Ended
March 31,
2004 2003
---------------------------
Cash Flows From Operating Activities $ (190,523) $ (34,366)

Cash Flows From Investing Activities
Deposit on acquisition (725,000) -
Construction in progress (544,547) -
Proceeds from sale of liquor license 60,000 -
--------- --------
Net Cash (Used) in Investing Activities (1,209,547) -
--------- --------
Cash Flows From Financing Activities
Borrowings on line of credit 850,000 -
Issuance of common stock 475,000 -
Proceeds from notes payable 75,000 31,378
--------- --------
Net Cash Provided by Financing Activities 1,400,000 31,378
--------- --------

Net Decrease in Cash and Equivalents (70) (2,988)

Cash and Equivalents at Beginning of Period 70 31,075
--------- --------
Cash and Equivalents at End of Period $ - $ 28,087
========= ========





See notes to the condensed consolidated financial statements.


<PAGE>


Rascals International, Inc. and Subsidiaries
Notes to the Condensed Consolidated Financial Statements
For the Three Month Period Ended March 31, 2004
(Unaudited)


1. BASIS OF PRESENTATION

The accompanying unaudited condensed financial statement have been prepared in
accordance with generally accepted accounting principles for interim financial
information and with the instructions to Item 310 of Regulation S-B.
Accordingly, they do not include all of the information and footnotes required
by generally accepted accounting principles for complete financial statements.
In the opinion of management, all adjustments (consisting of normal recurring
accruals) considered necessary for a fair presentation have been included.
Operating results for the three months ended March 31, 2004 are not
necessarily indicative of the results that may be expected for the year ending
December 31, 2004. The unaudited condensed financial statements should be
read in conjunction with the consolidated financial statements and footnotes
thereto included in the Company`s annual report on Form 10-KSB for the year
ended December 31, 2003.

2. EQUITY LINE OF CREDIT

During the quarter ended March 31, 2004, the Company borrowed an aggregate of
$1,325,000 against the equity line of credit. Pursuant to the terms of the
agreement, the Company repaid $475,000 of the equity line of credit by the
issuance of 4,448,107 shares of the Company`s common stock. As of March 31,
2004, the outstanding balance on the line of credit was $850,000. Subsequent
to March 31, 2004, the Company received an additional $175,000 advance on the
equity line of credit.

3. CONSTRUCTION IN PROGRESS

During the quarter ended March 31, 2004, Rascals Montclair, a company owned by
a board member and the Company`s CEO, financed construction costs aggregating
$544,547 for a new Rascals Comedy Club located in Montclair, New Jersey.
Through March 31, 2004, the Company repaid Rascals Montclair an aggregate
$377,250. The balance due Rascals Montclair at March 31, 2004 of $167,297 is
due on demand and bears no interest rate.

4. DEPOSIT ON ACQUISITION

In January 2004, the Company entered into an informal arrangement with the
owners of a chain of dance clubs (the "owners"), whereby the Company is
contributing funds to a joint venture, which is using the funds to develop
"mega-entertainment complexes", each consisting of a Rascals Comedy Club and a
dance club. Through March 31, 2004, the Company has contributed $725,000 to
the project. The informal agreement with the owners calls for four "mega-
entertainment complexes" to be built. The Company will own one-third of the
equity in these complexes if it contributes at least $2.9 million to the
project. Subsequent to the quarter ended March 31, 2004, the Company
contributed an additional $125,000 to the project.


<PAGE>



5. SUBSEQUENT EVENT

Subsequent to the quarter ended March 31, 2004, the Company ceased operations
at the Rascals Comedy Club in Ocean, New Jersey. In connection therewith, the
Company sold its liquor license with respect to the Ocean, New Jersey club for
$285,000, $85,000 in cash and $200,000 in settlement of a debt to a note
holder of the Company.



<PAGE>



<PAGE>
Item 2. Management Discussion and Analysis

Forward-looking Statements

This Report contains certain forward-looking statements regarding
Rascals International, its business and financial prospects. These statements
represent Management`s present intentions and its present belief regarding the
company`s future. Nevertheless, there are numerous risks and uncertainties
that could cause our actual results to differ from the results suggested in
this Report. Among the more significant factors are:

1. Rascals lacks the capital necessary to expand its operations.
2. Our debts exceed the book value of our assets.
3. We have committed to issue shares of common stock that one of our
creditors will resell to the market until we eliminate $750,000 in
debt, which is likely to dilute the value of our common stock.

Because these and other risks may cause Rascals` actual results to
differ from those anticipated by Management, the reader should not place undue
reliance on any forward-looking statements that appear in this Report.
Readers should also take note that Rascals will not necessarily make any
public announcement of changes affecting these forward-looking statements,
which should be considered accurate on this date only.

Results of Operations

At the beginning of 2002 Rascals embarked on a new business plan. While
our business through 2001 consisted entirely of the operation of stand-alone
restaurant/comedy club facilities, in 2002 we began to develop alternative
locations for Rascals` comedy by organizing hotel-based clubs and by granting
licenses to utilize the name "Rascals." We also began to develop multiple
channels of distribution for the comedic entertainment produced in our clubs,
such as home video sales and pay-per-view sales. As the year progressed,
however, it became apparent that our efforts in developing and managing these
multiple channels of distribution, though profitable, were not cost-effective.
These distribution channels that we developed early in 2002 remain in place,
and we expect them to be a source of revenue in the future. However, in the
third quarter of 2002 we refocused our attention on the development of new
Rascals clubs, both hotel-based and licensed. Our focus today is on
developing a sufficient number of clubs to achieve an efficient level of
operations.

Recently we have expanded our new direction from hotel-based clubs to
clubs in entertainment venues, where a large, pre-existing clientele can be
converted into customers of our club. Our first two efforts in this new type
of environment are now under contract:

1. During the Summer of 2003 we reached agreement to lease a 7,000
square foot facility in the newly-developed Louisiana Riverwalk
Project, a $150 Million entertainment, dining and shopping complex
in Shreveport/Bossier City, Louisiana. If we can obtain the funds
necessary to develop the facility, we expect to open a comedy club
with beverage and snack service there in the summer of 2004.


2. In December 2003 we signed a ten year lease for 7,000 square feet
in the Palisades Center, the second largest retail mall in the
United States. Again, if the necessary funds become available, we
plan to open a 350-seat comedy club in the Palisades Mall later in
2004.

The most dramatic example of our new focus on entertainment venues is
our ongoing joint venture with JHF Properties, the owners of a chain of dance
clubs called either "Banana Joe`s" or "Cactus Lounge." In January 2004 we
entered into an informal arrangement under which Rascals is contributing funds
to JHF Properties, which is using the funds to develop "mega-entertainment
complexes, each consisting of a Rascals Comedy Club and a dance club, either a
Banana Joe`s or a Cactus Lounge. To date Rascals has contributed $975,000 to
the project. The first such mega-entertainment complex opened in Jackson,
Mississippi at the end of March. The second opened in Omaha, Nebraska in
April. Our understanding with JHF Properties is that an additional three
complexes will be built. Rascals will own one-third of the equity in these
complexes if it contributes no less than $2.9 million to the project.
Moreover, it is understood that if Rascals purchases the nine existing Banana
Joe`s clubs owned by JHF Properties, Rascals will also acquire 100% ownership
of the new mega-entertainment complexes. However, there is no contract in
effect that formalizes either the arrangement for development of the mega-
entertainment complexes or the acquisition of the nine Banana Joe`s.

Our efforts to increase the number of our clubs with a minimal capital
commitment have also led us into a number of licensing arrangements. For
example, we have given a license to a group which opened a 300-seat "Rascals
Comedy Club" in Jersey City, New Jersey during the first quarter of 2004.
Rascals provides the group with its plans and designs for the club, consulted
with the group during the development stage, and will provide bookings for a
fee. In return, the licensee pays an initial fee to Rascals and a monthly
royalty throughout the ten-year term of the license.

The transitions in our business plan has resulted in a marked disparity
between revenues and expenses. Since our new operations are only in their
early stages, we continued to realize most of our net sales from our
restaurant/comedy club facility in Ocean, New Jersey, which we closed in May
2004. Our overall operations generated a gross profit in the first quarter
of 2004 of $77,921. However, that gross profit was not sufficient to support
the corporate activities involved in developing our new business plan. These
widespread efforts to implement new revenue sources resulted in general and
administrative expenses during the first quarter of 2004 of $825,755. The
portion of general and administrative expenses that are payable in cash was
increased somewhat from the three months ended March 31, 2003 ($300,171) to
the three months ended March 31, 2004 ($504,647). However, the non-cash
expense increased by $257,732, as we incurred $321,108 in "stock based"
expenses during the recent quarter.

In 2003 86% of our revenue came from the two New Jersey restaurant-clubs
that we have operated since the 1980s. In 2004 we expect most of our revenue
to arise from new operations. This will occur because:

* We closed our West Orange club and restaurant at the end
of June 2003. In recent years that club had produced over
60% of our annual revenue. In May 2004 we closed our club
and restaurant in Ocean, New Jersey. That club produced
most of the remaining 40% of our revenues in recent years.
Each of these clubs will be replaced in a nearby location
- the West Orange club is being replaced by a new club and
restaurant in Montclair, New Jersey. But the Montclair
club will be owned by a licensee from Rascals and the
replacement for the Ocean club is likely to likewise be
built by someone other than Rascals itself.


<PAGE>


* We are now realizing revenue from our Cherry Hill hotel-
based operation which, albeit far less in amount than
revenue from West Orange or Ocean, will, after its start-
up phase is completed, produce far greater gross profit
margins.

* Our interest in the mega-entertainment complexes being
constructed by JHF Properties should begin to contribute
to our revenues in the second quarter of this year.

* The first three videos licensed from the Rascals Library
were introduced to the market for home videos in July
2003. They are on sale at Best Buy and other national
retail chains. Depending on the success of this marketing
effort, successive offerings may be made, which could
contribute substantially to our operating results.

These new directions in our operations bode well for the future.
Initial results from these ventures, however, are not likely to be profitable
due to start-up costs; so 2004 will be a year of transition. Our goal is to
return to profitability in 2005.

Liquidity and Capital Resources

On October 8, 2003 Rascals signed an Equity Line of Credit Agreement
with Cornell Capital Partners, LP. 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. Rascals may make a demand no more than once every seven trading
days. The maximum purchase price on each demand is $150,000. 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. Cornell Capital Partners is required by the
Agreement to pay each amount demanded by Rascals, unless (a) there is no
prospectus available for Cornell Capital Partners to use in reselling the
shares, (b) the purchase would result in Cornell Capital Partners owning over
9.9% of Rascals outstanding shares, or (c) the representations made by Rascals
in the Agreement prove to be untrue.

During 2004 Rascals has sold a total of 13,815,556 shares to Cornell
Capital Partners pursuant to the terms of the Equity Line of Credit Agreement,
and received $1,065,000 for those shares. In addition, Cornell Capital
Partners has made loans to Rascals, the remaining balance of which totals
$750,000. 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 our common stock from time to
time.


<PAGE>



From the funds provided by Cornell Capital Partners, Rascals has
advanced $975,000 to JHF Properties to fund the development of the four mega-
entertainment complexes that we are developing jointly with JHF Properties.
Our understanding with JHF Properties calls for Rascals to contribute at least
an additional $1,925,000 to the project, in exchange for a 33 % interest in
the four complexes. Our interest will increase to 100% if Rascals purchases
nine existing clubs owned by JHF Properties. Although we do not have a
contract for the purchase of the clubs, it is likely that purchase of the nine
clubs would require payment of at least $1,250,000 plus issuance of Rascals
common stock. We are currently investigating sources for the funds required
for this purpose.

At the present time, our liquid assets are negligible, while we had over
$3.5 million in accounts and notes payable on March 31, 2004. We also have
plans to fund the build-out of three new clubs during 2004 (Palisades,
Montclair, and Shreveport) in addition to funding the joint venture with JHF
Properties. Our plan is to use the proceeds from our equity line of credit
with Cornell Capital Partners to reduce our payables and to fund our building
plans. We are also actively seeking alternative sources of capital
investment, as the Cornell Capital Partners equity line is not likely to be
sufficient for all of our purposes.

Item 3. Controls and Procedures

Eduardo Rodriguez, our Chief Executive Officer and Chief Financial
Officer, performed an evaluation of the Company`s disclosure controls and
procedures as of March 31, 2004. Based on his evaluation, he concluded that
the controls and procedures in place are sufficient to assure that material
information concerning the Company which could affect the disclosures in the
Company`s quarterly and annual reports is made known to him by the other
officers and employees of the Company, and that the communications occur with
promptness sufficient to assure the inclusion of the information in the then-
current report.

There have been no significant changes in the Company`s internal
controls or in other factors that could significantly affect those controls
subsequent to the date on which Mr. Rodriguez performed his evaluation.

PART II - OTHER INFORMATION

Item 2. Changes in Securities and Small Business Issuer Purchase of Equity
Securities

(c) Unregistered sales of equity securities

From January 2004 through March 2004 Rascals sold a total of 4,448,107
shares of common stock to Cornell Capital Partners, LP. The shares were sold
for $475,000 cash. The sales were exempt pursuant to Section 4(2) of the Act
since the sales were not made in a public offering and were made to an entity
whose executives had access to detailed information about Rascals and which
was acquiring the shares for its own account. There were no underwriters.

(e) Purchases of equity securities

The Company did not repurchase any of its equity securities that were
registered under Section 12 of the Securities Exchange Act during the 1st
quarter of 2004.


Item 6. Exhibits and Reports on Form 8-K.

Reports on Form 8-K:

None

Exhibits:

31 Rule 13a-14(a) Certification
32 Rule 13a-14(b) Certification


<PAGE>

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Report to be signed on its behalf
by the undersigned thereunto duly authorized.

RASCALS INTERNATIONAL, INC.


Date: May 19, 2004 By: /s/ Eduardo Rodriguez
----------------------------------
Eduardo Rodriguez, Chief Executive
Officer & Chief Financial Officer



* * * * *

EXHIBIT 31: Rule 13a-14(a) Certification

I, Eduardo Rodriguez, certify that:

1. I have reviewed this quarterly report on Form 10-QSB of Rascals
International, Inc.;

2. Based on my knowledge, this report does not contain any untrue
statement of a material fact or omit to state a material fact necessary to
make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by
this report;

3. Based on my knowledge, the financial statements, and other
financial information included in this report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
small business issuer as of, and for, the periods presented in this report;

4. The small business issuer`s other certifying officers and I are
responsible for establishing and maintaining disclosure controls and
procedures (as defined in Exchange Act Rules 13a-14 and 15d-14) for the small
business issuer and have:

a) Designed such disclosure controls and procedures, or caused such
disclosure controls and procedures to be designed under our supervision, to
ensure that material information relating to the small business issuer,
including its consolidated subsidiaries, is made known to us by others within
those entities, particularly during the period in which this report is being
prepared;

b) Evaluated the effectiveness of the small business issuer`s
disclosure controls and procedures and presented in this report our
conclusions about the effectiveness of the disclosure controls and procedures,
as of the end of the period covered by this report based on such evaluation;
and

c) Disclosed in this report any change in the small business issuer`s
internal controls over financial reporting that occurred during the small
business issuer`s most recent fiscal quarter (the small business issuer`s
fourth fiscal quarter in the case of an annual report) that has materially
affected, or is reasonably likely to materially affect, the small business
issuer`s internal control over financial reporting; and

5. The small business issuer`s other certifying officers and I have
disclosed, based on our most recent evaluation of internal controls over
financial reporting, to the small business issuer`s auditors and the audit
committee of the small business issuer`s board of directors (or persons
performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design
or operation of internal controls over financial reporting which are
reasonably likely to adversely affect the small business issuer`s ability to
record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or
other employees who have a significant role in the small business issuer`s
internal controls over financial reporting.

Date: May 19, 2004 /s/ Eduardo Rodriguez
------------------------------------------
Eduardo Rodriguez, Chief Executive Officer



* * * * *
EXHIBIT 32: Rule 13a-14(b) Certification

The undersigned officer certifies that this report fully complies with the
requirements of Section 13(a) of the Securities Exchange Act of 1934, and that
the information contained in the report fairly presents, in all material
respects, the financial condition and results of operations of Rascals
International, Inc.

A signed original of this written statement required by Section 906 has been
provided Rascals International, Inc. and will be retained by Rascals
International, Inc. and furnished to the Securities and Exchange Commission
or its staff upon request.

Date: May 19, 2004 /s/ Eduardo Rodriguez
--------------------------------------------
Eduardo Rodriguez (Chief executive officer)

</TEXT>
</DOCUMENT>

[BioTechAnalyse]

im raging bull scheinen nur inglisch-deutsch zu quasseln (ja ja, englisch ist schwer) --- daher sind auch wenig us-Zocker aktuell im Wert -- denke eher, daß investments zur Zeit aufkaufen


bta

[cyberwilly]

Instis?

RB vermeldet jedenfalls keine.

Näheres auf der RB-Seite.
(In der Zeile über den postings auf I-Watch klicken.)

[Schweinskopf]

Bei OTC Werten ist es schwer Institutionelle zu erfassen. Können trotzdem welche dabei sein!

http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_tic…

[Janini]

Hallo
herzlichen glückwunsch allen,die heute viel Geld gewonnen haben. Die Aktie WKN 917633 Universal Communications ist übrigens auch nicht uninteressant Die stellen Maschinen her,die Wasser aus der Luft filtern können

[BioTechAnalyse]

nö, denke eher größere private Investoren -- es handelt sich hier ja um ein traditionsreiches Unternehmen im ShowBiz-Bereich das in usa sehr bekannt ist (bei uns weniger) -- das jetzt Kapital für weitere Projekte braucht --- die Größen im ShowBiz in us habe ja alle enormes kapital .... -- nur ne Vermutung ..

bta

[BioTechAnalyse]

naja, mich leitet eigentlich nur die Vermutung mit größeren privaten investoren, weil auch nach dt. Börsenschluß der Kurs nicht unter $0.20 ging, ... immer wieder Kauf größerer Pakete -- da scheint eine gewisse Kurspflege dahinter zu sein -- kann mich aber auch täuschen -- morgen weiß man wieder bißchen mehr ...

bta

[BioTechAnalyse]

außerdem war pari in us immer etwas höher -- also auch kein arbitrage-Geschäft im gange...

so long

[Schweinskopf]

Der nachbörsliche Kurs (0,22 bei 500 TSD Stücken) scheint ein Wehrmutstropfen zu sein. Hier will man wahrscheinlich die Handelsaktivitäten in Berlin beeinträchtigen. Möglicherweise ein Vorläufer eines großen Kursrausches nach oben (Tippe, daß die Kurse in Berlin zunächst mal deutlich nachgeben, in USA die Kurse aber im Verlauf stark steigen). Die US-Guys in den Boards (OTC BB-Spezialisten) wussten garnicht, dass man Rascals in Berlin kaufen kann, waren vom Umsatzvolumen überrascht.

[Fortschritt]

Higher and higher .......
Press Release Source: Rascals International, Inc.

Rascals sets flagship-opening date
Wednesday May 26, 7:21 am ET

MONTCLAIR, N.J., May 26, 2004 (PRIMEZONE) -- Rascals International Inc. (OTC BB:RSCA.OB - News) announced today that its flagship comedy club venue, located in the exclusive New Jersey enclave of Montclair, will have its Grand Opening on Friday June 11th. A private invitation-only cocktail party and show will be followed by two already sold out performances at 8:30 and 11:00PM.

ADVERTISEMENTConstruction difficulties have plagued this 12,000 square foot, multi level, state of the art facility, and it diverted management`s time, efforts and finances. Once open, Montclair will prove to be one of the largest grossing comedy club in the U.S. with anticipated annual revenue in excess of five million.

Ed Rodriguez, Rascals Chairman and CEO, had this to say: ``We can now turn our full attention and resources to our next major club location in the Palisades Center, the country`s second largest mall with over 20,000,000 annual visitors, located in the New York / Westchester suburb of Nyack. This club will open before Labor Day!``

``All of the financing is in place, the lease with the Center has been signed, the contractor has been selected, and acts are already being booked. With this opening, we will have opened 4 venues in less than nine (9) months, and before the year is over Louisville and Pittsburgh will also have opened.``

``I could not be more pleased with the pace of our expansion, as further evidenced by the public`s awareness of our potential and profitability.``

[xtodaimand]

na dann auf einen neuen erfolgreichen börsentag

[gomezs]

Da kommt was großes! Fette Eindeckungen bei den Amis!

[BioTechAnalyse]

ich rechne um 15.30 mit gap auf $0.31 -- also ungefähr 0,255€ -- Kursziel in us soll angeblich bis freitag $0.40 sein wegen private placements



happy trades

bta

[gomezs]

ENDLICH EIN GEILER WERT!

[TvC]

ich denke heute gehts runter.

0,17 bis mittag.

[gomezs]

Berlin 100% im Plus!

[Schweinskopf]

Die Kurse zeigen weiter nach oben. Berlin aktuell bei 0,249 mit Geld Brief 0,248/26. Ab 0,25 Euro nur noch in ein Cent Einheiten gehandelt. Dann wirds interessant!!!!!!!!!!!

Umsätze schon wieder über 1,77 Mio Stücken

Da passiert was großes

[broker9864]

ja da kommt was großes der abflug richtung 0,10 wieder

[Schweinskopf]

Entschuldigung. Wenn mir die Kurse davongelaufen wären würde ich mich nach anderen Alternativen umschauen und den Leuten die es nun mal richtig gemacht haben (wenn vielleicht auch kurzfristig) das einmal Gönnen!

Warum bist Du so????

[heikekarina]

@Schweinskopf

bin leider gestern raus. Vielleicht zu früh. Ich denke aber, wenn ich mir das Orderbch anschaue, das es vielleicht nicht so verkehrt gewesen sein wird. Wenn, ich mich irre. Dann Glückwunsch all denen, die noch dabei sind.

Best Bid
Volumen Taxe
5.000 Stück 0,241

Kauf Orders
Stücke Limit
2.000 0,246
25.000 0,241
26.100 0,24
25.000 0,236
21.000 0,235
Weitere: 45
Best Ask
Taxe Volumen
0,26 5.000 Stück

Verkauf Orders
Limit Stücke
0,26 195.000
0,27 109.000
0,28 315.500
0,29 121.000
0,3 100.000
Weitere: 7

[BUSINESSWORLD]

Eine fette Wand, da müssen aber noch viele kaufen

[Schweinskopf]

Darüber hinaus möchte ich Dich um zwei Stellungnahmen bitten!

Bezüglich

1) Warum bist Du so??? Wäre es nicht schön dem Nachbar um die Ecke den Erfolg zu gönnen. Derjenige hat sich mit der Thematik auseinandergesetzt.

2) Anstelle zu schreiben...jetzt gehts auf 0,11 einmal mit weichen und/oder harten Fakten glänzen. Wäre echt toll für die Gemeinschaft einen Beitrag zu leisten...und nicht nur Ich bezogen und unqualifizierte Thesen in den Raum zu stellen.

Mit Sicherheit habe ich Dich etwas zu hart angefasst. Wenn Du dies jedoch vertragen kannst und Stärke zeigen kannst wäre das Schön.

Liebe, gemeinschaftliche Grüße

[Schweinskopf]

#heikeKarina....

Es ist schwer sich richtig zu verhalten. Das ist eine hochriskante Sache und eine psychologische. Da ich in der Regel solche Aktien nicht anfasse musste es bei mir echtes "Spielgeld" sein.
Überlege aktuell ob ich nicht einfach rausgehe und auf eine moderate Eröffnung in den USA hoffe.

Danke für die Fairness


Schweinskopf

[AF314]

0.250 Widerstand
dannach bis 0.350
Heute Schluß 0.45 - 0.5

[Roulett.Profi]

Für mich war das eine Spaßaktie,aber der wo so einen Mißt glaubt was die bezahlten Börsenbriefe daherbringen der wird wohl bald eines besseren belehrt

Ps.wenn die heute bei den Amis im Plus schließt schmeiß ich mich weg,allen viel Spaß

[Schweinskopf]

# heikeKarina, Roulett.Profi


Verkauf...Ja oder Nein,

Wollte darüber nicht mehr nachdenken. Habe einfach glattgestellt mit +120% Gewinn (0,249 Euro) und werde, wenn die Aktie nach meinen Vorstellungen günstig ist in den US wieder zurückkaufen.

Andernfalls werde ich wieder solide anlegen.

Schweinskopf

[Dausend1000]

Ja is den heut scho Weihnachten.
Bin bei 24 und 23 cent RAAAAAAAAUUUUSSS!
39.000 Euro Gewinn in 48 Stunden.
Ich glaub ich krieg nen Orgasmus.


PS: Kaufe meine 300.000 Stück wieder, aber erst bei 15 Cent
also wahrscheinlich gar nicht, denn diese Rakete stoppt wohl erst bei 50 Cent.

[Schweinskopf]

Glückwunsch Dausend1000!!!!!!!!!!!!

Eigentlich könnten wir mal in einem Sauna-Schuppen gehen und uns verwöhnen lassen!!!!!!!!!!!!

Mal auf andere Gedanken kommen!!!!

[Schweinskopf]

So bin wieder drin!!!!!!!!!!!! Ungefähr Umrechnungskurs Closing!!!!!!!!!!!!!!!

[MagicWeasel]

Nach Rücksetzer wieder rein!Das Teil wird munter Richtung Norden gehen.

[gomezs]

Schaut euch den Chart an!!!

[Lan]

Und Tschuess, heute werden die Verluste von gestern ausgeweitet, Sorry!!!!!

Nach der Verkaufsempfehlung kein Wunder!!! Die haben bestimt Ihren Reibach gemacht!!!!

Bis dann