InvestorsHub Logo
Followers 0
Posts 75440
Boards Moderated 6
Alias Born 05/24/2005

Re: boywonder1 post# 2071

Wednesday, 11/07/2012 12:20:10 PM

Wednesday, November 07, 2012 12:20:10 PM

Post# of 34567
From 2Months ago: Aug 8,2012 News:



“Big Three Restaurants, Inc. Announces Investment Banking Agreements for $10,000,000 in Acquisition Financing and $30,000,000 in a Firm Commitment Public Offering

ORLANDO, Fla., Aug 8, 2012 (GlobeNewswire via COMTEX) -- Big Three Restaurants, Inc. (OTCQB:BTHR) announced today it has signed two investment banking agreements with a leading New York-based investment banking firm to assist in sourcing capital. The investment banking firm was founded in 1925, is one of the oldest in the United States, a member of the New York Stock Exchange and a full-service broker-dealer employing over 500 people. The firm manages two Morningstar-rated funds with over $2.8 Billion of retail accounts, nearly 100 registered representatives and 20 investment advisors in six offices.
Under the first agreement, the Company has retained the investment banking firm as its exclusive placement agent and financial advisor in connection with acquisition financing of up to $10,000,000. The Company must meet various terms and conditions which it believes are reasonable and attainable.

The second agreement anticipates a public offering of $30,000,000 on a firm commitment basis. The planned offering is subject to the Company's successful acquisition of additional restaurant properties.

The Company's chairman and chief executive officer, John V. Whitman, Jr., said, "We are exceedingly pleased to establish this relationship with such a prestigious New York Stock Exchange member firm, which validates our business plan. We expect the assistance of this well established investment banker will accelerate our growth. We have launched an aggressive acquisition program, beginning due diligence on several acquisition targets. Our management believes we can satisfy the conditions in both investment banking agreements."

ABOUT THE COMPANY

The Company owns and operates Philly Westshore Franchising Enterprises, Inc., which franchises 35 independent Philly Westshore stores and Bobby V's Original Westshore Pizza, an eighty-three seat sports bar and restaurant in Tampa, Florida.

SOURCE: http://www.otcmarkets.com/stock/BTHR/news


MAY SEC FILING $4M ASSETS

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=81224421


CEO email:
john whitman
johnwhit9756@yahoo.com

Confirmed float/share structure

Source: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=81134785

As of 10/30/12 there were 30,852,732 total issued and outstanding with 13,091,960 Free Trading shares registered. Of the 13,091,960 F/T shares there are approximately 11,200,00 deposited in street name.

Thank you for your requests for information.

Warmest Regards,
John