Ignite Restaurant Group Inc (fka IRGTQ)

[VelvetJones]

But, but but... This was a guaranteed winner. Say it ain't so "Joe". Where did all of the pumpers go? Why did they all run away after claiming anyone who said otherwise was a liar and a "paid basher"?

[Renee]

IRGTQ: BK PLAN effective. All shares cancelled:

http://otce.finra.org/DLDeletions

[OTC Whisperer]

That's what I was lead to believe after calling Landry's

[Captain OnThe Bridge]

So Happened to be watching the PBS News hour and saw Tilman commenting for the Golden Nugget on the controversy of increased security needs in Las Vegas resorts.

Which reminded me about this Ignite deal. where are we at on this?
weren't we waiting for final disposition date or something?

or is Ignite pretty much a dead shell with all of crab shack interest stripped out of it?

[OTC Whisperer]

"Reorganization Plan" is what the court document is called

[hockeypond]

So Landry's bought the assets only; the second part you mentioned reorganization. My question is reorganization of what? There is nothing left.

[artmaniac]

so who got left holding the bags?

[VelvetJones]

I have to ask this of anyone who truly thought they would get something. Do you have ANY sort of education in securities law and public companies? Judging from many of these posts I would say NO. If IRGTQ had been "bought" your shares would already be gone and you would have been paid. They also tell you before hand that this is going to happen and what the price would be. There would also likely be a share holder vote. That is how public companies work. When someone buys the assets at an auction, it's exactly that, the assets are sold. The corporation did not change hands. Bag-holders, I mean shareholders, are left "owning" a worthless shell that has millions or billions of liabilities attached to it.

[VelvetJones]

I love how Joe Crab and the other pumpers fled this even before the stock was cancelled. I guess they decided to cut their loses. I'm sure they'll find an new penny stock to scam on.

[rbtree]

Unlike LDIGGITY, I never owned this stock.

The people to be pissed at are those that front loaded and/or attempted to promulgate the false idea that the common shares won't be cancelled, which they will.

Those people are now gone, for the most part, and left with the money of the latecomers who are now stuck with illiquid shares that are hard to sell..shares that will eventually be gone.

[MPLuvJoes]

LDIGGIDY - So if you sold out, then why are you even here anymore? Just a question. You pessimists are really annoying. I enjoy reading discussion based in fact and not those who just live to poo poo on others dreams. I spent and very small amount of change for a lot of shares and really, I have better chances of a profit here than I do with the lottery. I started with nothing and I may end with nothing, but it is the excitement of the ride and possibilities. I believe in Joe's Crab Shack and love the restaurant that is the only reason I even invested.

[rbtree]

That is exactly what I was saying all along. And caught flak for it... Now the cheerleaders have flown the coup...

[OTC Whisperer]

I will tell you guys I sold out couple weeks ago after I called Landry's and was told they only bough assets, and not bought for shell. Then I called the trust through the court and they re-emphasized the reorganization plan is to go forward as planned...GLTYA

[sorc92]

Anyone hear any new news about what Tilman is going to do here ? As far as the commons ??

[the third leg]

Lol! Wow

[wealthmoney]

Just saw that on the news amazing!

[OrangeShovel]

Fertitta doing Fertitta... just bought the Houston Rockets for $2.2 Billion

[QServus]

Man this place is a graveyard haha

[dennisv]

What's behind IRGTQ movement? A Strong Uptrend!
https://flbcnews.com/whats-behind-ignite-restaurant-group-inc-irgtqs-movement/

[sorc92]

lol yup . Hope Tilman will keep these shares intact . But for now soup is the play .

[fred1963]

Yea hopefully we see some action here soon, right now all

the money is on the Soupman!

[PlayInTheGreen]

Atleast here we have a real billionaire in play and it's not a rumor it's the real deal.

Good luck

[fred1963]

Yea I agree

I don't mind the risk here, I know it's all or nothing and I don't have much invested. It sure would be nice though if the commons were kept intact, it would be a nice little payday. Good luck

[PlayInTheGreen]

Yes, I have bought blue chips that went into BK only to be resurected by a merger or buyout and made a lot of money...BK is always a risky play but it's a better shot than no name pennies with caveat emptors and non reporting status....

[fred1963]

Somebody is a believer, nice

to see 395,000 shares on the bid. If I recall correctly the deal should of closed at 12:01am today. Anyone have any updates of late? Thank you

[PlayInTheGreen]

Loading zone is coming for sure. Bid/ask at .20...good time to buy. The only thing that will hold this back is the time it takes to transfer ownership to Tilman.

[Diversified]

I see everyone is dumping this now. Loading zone coming up. Bring it!
$IRGTQ

[fred1963]

Where did you hear or read this

or are we closing tomorrow at 12:01 am?

Thank you Joe

[thirdcoast]

Be safe up there brother, we left Carlsbad,NM to board up the house wednesday and got outta there thursday. Just got the word our house is still intact. So many neighbors not so lucky, we are waiting on the all clear to return and assist all we can for several weeks.

[sorc92]

Man , you guys are getting pounded on . I can't imagine that much rain here . Be safe !!!

[Hoya Saxa]

Yep, it's still coming down heavy here in Houston. Stay safe fellow Texans.

[thirdcoast]

I look for Mr. Fertitta to extend a humanitarian outreach to his fellow Texans. We took one hell of a hit with Harvey in southeast Texas. Would make for great PR on the new launch!

[thirdcoast]

Gotta a link Joe?

[dennisv]

Google Alerts IRGTQ: http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=IRGTQ&insttype=Stock
http://insiderfinancial.com/ignite-restaurant-group-inc-otcmktsirgtq-gets-a-close-look

[Joe Crab]

Looks like the Aug 29 date got pushed back a week.

[dennisv]

People Getting Nervous! Some Speculation On A Payout?

[Joe Crab]

BINGO!
http://otcshortreport.com/index.php?index=IRGTQ

[dennisv]

IRGT(Q) returns to his glory's years!

[hockeypond]

Then show us the documents where it states this....both of you have never shown the proof. I went through the documents the best I could and never saw anything about "selective" purchases.

[Joe Crab]

Might see a LOT of buys coming in shortly after that epic run on the soup. Q players are always looking for the next one.

[Curt D]

Awesome! No Joe's Crab near me, otherwise I'd be doing the same thing!

[Diversified]

Accumulated 200k. Looking forward to the future here. Heading to Joes Saturday bringing the kid lo legoland. Haven't been there in quite some time.

[Curt D]

And this is why I'm holding my remaining shares through the 29th!

IMO he is waiting until the Aug 29th close date to explain how he is going to return Joe's Crab Shack to its former greatness.

[PlayInTheGreen]

Yah Tilman wants 57mil worth of used restaurant equipment, buildings not included...how in the world does that even make sense to anyone? Why would anyone even think that way? Clearly they wrote before they thought about it then deleted it realizing how ridiculous that sounds. Anyone that believes something like that deserves to lose their money it's just plain flat out stupidity.

[Joe Crab]

Exactly War- When National TV Media picks up this story, and Tilman issues his statements, I can see this ticker going crazy with massive momentum. Why wouldn't he want to capitalize on his own reputation to keep the ball rolling? Anyway Brother, thanks for the feedback, hang tough.

[Joe Crab]

LOL Nice catch. We all know that it is entirely illegal for one person to have two aliases on here, so it must be a coincidence that 2 posters that have the same speech patterns, anger and lack of knowledge show up at just about the same time to issue falsehoods. We all know that IRGTQ has a great chance of LIFTOFF on or shortly after Aug 29th and why that makes some people frightened and angry is hard to imagine LOL. IMO (I'm not a chartist), but I have observed the recent trades and it seems like this is being accumulated for another big run, probably a lot bigger than what we saw a few weeks back. National Television Media coverage has yet to hit this huge story even though the WSJ and FOX Food websites have put out basic stories that outline facts with little or no information coming from Tilman himself. IMO he is waiting until the Aug 29th close date to explain how he is going to return Joe's Crab Shack to its former greatness. (His creation which launched him to billionaire stardom). I do know that one of the units that was shutdown was only for repairs (Daytona Beach FL), and it could possibly end up on an episode of the TV SHOW Billionaire Buyer, to illustrate how Tilman is using innovation to bring his brand back to life. Yes, no one pays 57 million to lease buildings and restaurant equipment, the thought of that is absolutely laughable.

[PlayInTheGreen]

Where are the court documents and why did that board post get deleted?

Why would Tilman want to buy used restaurant assets? They're worthless to him....

Precisely...

[rbtree]

Precisely and well stated, VelvetJones

He bought some of the assets at auction, not the corporation. This is not a matter of debate, it is fact that is back up by court documents.

[Joe Crab]

Your nickname must be Sherlock. There is not a knowledgeable investor here that does not know about the shutdown of the poor performers. In fact this is a great thing because it shows cooperation with the old management. And it also shows that Tillman has done his homework, he knows who deserves to be fired. There is a reason why this company went bankrupt and it had nothing to do with Tillman. In order to turn it around it is going to have to cut back down to 60 Tillman is not the one who lead this company into the ground, therefore it should not be his burden to have to fire people who worked under the old management, at least they are doing it themselves, before the deal closes on August 29. But I know what you're trying to do, the stock has been under accumulation for the past several days, and you probably want more shares at a cheaper price, good luck.

[Johnstown]

IRGTQ this may not be the best way to advertise a takeover, nor show loyalty to any or all employees see link please.

http://pittsburgh.cbslocal.com/2017/08/23/joes-crab-shack-robinson-closes-doors/