ARC Group Inc. (fka RLLY)

[spongeboy]

Price is collapsing on tiny volume right after merger - do you think someone got stock in the merger and is selling a little?

or is it just weak hands ??? or shaking the tree?

we never have volume but here is wild price action.....

[spongeboy]

Here is 100 at $2.00 -- I am very surprised that the news generated zero volume - you would think employees or patrons of the 10 Wing Nutz restaurants would pick up shares to see what happens - espessialy when the management tem is known for success at Hooters... - unless the dont know abut the news ??

strange -

[One Man Army]

I gave the stock a little test this morning.. Yea.. Its as thin as ever lol

[One Man Army]

$ANPZ Daily Chart.. Breaking that $2 would be key but would rather it bounce around for this range for awhile before breaking

[One Man Army]

American Restaurant Concepts, Inc. Acquires 50% Interest In Wing Nutz
8:30 AM ET, 01/27/2014 - PR Newswire

LAFAYETTE, La., Jan. 27, 2014 /PRNewswire/ -- American Restaurant Concepts, Inc. (OTCBB: ANPZ), operator and franchisor of the award-winning Dick's Wings & Grill® restaurants, announced that it has acquired a 50% interest in Wing Nutz®.

Based in Salt Lake City, Utah, Wing Nutz is a leading franchisor of family-friendly, sports-themed restaurants offering premium baked chicken wings, baked sandwiches, and other baked foods. It also offers its own proprietary line of craft beers under the name "Nut Job Beers." Wing Nutz currently has 10 restaurants in Utah and one restaurant in Idaho, with an additional restaurant about to open in Utah and one in Las Vegas, Nevada. There are an additional six restaurants in the pipeline in other western states.

Under the terms of the deal, the Company acquired a 50% ownership interest in Paradise on Wings Franchise Group, LLC, which is the franchisor of the Wing Nutz restaurants and owner of the Wing Nutz intellectual property, in return for a combination of cash and stock. In a separate but related transaction, Blue Victory Holdings, a Louisiana-based private equity firm, acquired a 50% ownership interest in Wing Nutz Development, LLC, which holds the operating assets and liabilities associated with running the Wing Nutz franchisees.

"We are pleased to have acquired a significant ownership stake in Wing Nutz as part of our strategy to drive growth and shareholder value by expanding into other brands," stated Richard Akam, CEO of American Restaurant Concepts. "The Wing Nutz brand of premium baked chicken wings and other quality baked products complements our current Dick's Wings offering and expands our reach into the western half of the United States. This transaction increases the number of restaurants in which we have a financial interest by almost 70%, from 16 to 27, and will contribute greatly to our bottom line. We look forward to working with Will Miller and Will Owens and their team at Wing Nutz as we continue to grow our respective brands."

"ARC is a superb company that is run by an outstanding group of industry veterans," stated William Miller, Manager of Wing Nutz. "We are excited to have entered into this arrangement with American Restaurant Concepts and to continuing to expand our Wing Nutz brand throughout the United States."

"Wing Nutz is committed to providing our customers with the very best foods to enjoy, and by teaming up with ARC, we now have access to the substantial industry knowledge and resources necessary to take our business to the next level," added William Owens, Manager of Wing Nutz. "By working together, this will be a win-win situation for both companies."

[bargainhunter65]

Looks like ANPZ is taking a 50% stake in Wing Nutz. Wing Nutz is a small chain out of Utah. They have about 15 locations. I am not sure how much revenue the generate. This is very interesting indeed.

[One Man Army]

Saw that but had already gone over posting limit for the day.. lol, huge news but I'm not in a rush to tell everyone else about it yet.. haha.. Gotta load a few more Monday

[spongeboy]

8k is out - Here we Grow

http://www.sec.gov/Archives/edgar/data/1452872/000118811214000159/t78141_8k.htm

[spongeboy]

Acquisition announced after the closing bell! - no 8k yet

[Johnboy90]

All longer term stockholders received the letter by U.S. Mail.

[Rgess]

Anyone else get a letter in the mail from Rick Akam our Ceo?

It was thanking long term shareholders and laying out everything to be excited about for 2014.

[One Man Army]

Been edging back in over past few weeks and will continue to do so.. I had booked some @ pre split .38 cause there was a big bid then got out the rest when the Nocatee store temporarily closed b/c I was sitting on 6 figure long term gains and feared that closing plus the R/S was gonna take it down.. Simply had to book it.. I think that this 1.75 to 2.00 range is the same as last years bounce around .08 to .10.. Once it clears that $2.00 strongly we may start ripping back towards the highs

[spongeboy]

Stock is worth $1.95 - Until they announce an acquisition or new stores

heres why

Blue Victory (our largest lender (an insider and private)) didn't want it's loan paid back! They converted debt to stock at $1.95 -- converting the debt establishes a new market pps of $1.95 equal to .279 pre-split---- this was a brilliant move - still no volume as they clean up the CUSIP numbers but I smell big news - Remember the indiders can dilute stock (they didn't) the insiders can pump news releases to pump stock (they didn't) the insiders can simply give themselves stock for free and call it salary or marketing (they didn't) ---Blue Victory put up "real cash" as a loan and then converted it all to stock at $1.95, essentially buying stock when they did not have to -As such, $1.95 should be the post-split floor - the insiders spent real cash to buy for that amount - $1.95 I see this at $4.00 in 2 quarters if they do just a few little things right -- anybody think I am wrong?

[spongeboy]

New Company Formed by Kasturi!!
BILKAS LLS

http://www.bizapedia.com/fl/BILKAS-LLC.html

Formed for "Frozen Yogurt Sales - Retail"

Document NumberM13000007066
FEI/EIN Number463885263
Date Filed11/06/2013
StateLA
StatusACTIVE

[Johnboy90]

I agree with your thoughts completely!

[spongeboy]

Blue Victory (our largest lender (an insider and private)) didn't want it's loan paid back! They converted debt to stock at $1.95 -- converting the debt establishes a new market pps of $1.95 equal to .279 pre-split---- this was a brilliant move - still no volume as they clean up the CUSIP numbers but I smell big news - Remember the indiders can dilute stock (they didn't) the insiders can pump news releases to pump stock (they didn't) the insiders can simply give themselves stock for free and call it salary or marketing (they didn't) ---Blue Victory put up "real cash" as a loan and then converted it all to stock at $1.95, essentially buying stock when they did not have to - I see this at $4.00 in 2 quarters -- anybody think I am wrong?

[Rgess]

I am extremely excited for this to begin trading with the D removed.

Since ownership has followed thru with all their claims at this point, I expect at least 1 major acquisition announcement. I wouldn't be surprise if it is coupled with 1 to 3 additional restaurants.

[spongeboy]

10-Q dropped at 4:30

http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=9608568-845-117877&type=sect&dcn=0001188112-13-003362


We intend to open between 5 and 10 new Dick's Wings restaurants in domestic and international markets within the next 12 months.

On November 5, 2013, Blue Victory converted a total of $475,626 of principal and accrued interest that was outstanding under the credit facility into 243,911 shares of our common stock.


That is $1.95 per share

[Renee]

Yes, ANPZD will return to ANPZ after 20 market days. The suffix 'D' is attached to alert investors that a split has occured, and the 'D' can denote either a reverse split or forward split.

[TANERTY]

If I owned stock under ANPZ is it no good and i lost it all? Or after the 20 days will the stock refer back under ANPZ?

[spongeboy]

bid/ask $1.70 - $2.20

[spongeboy]

yahoo finance has bad data

[Brugg3]

Once I have some cleared funds I'll take a position again.

Sold at .37 bought at .07

[spongeboy]

200 volume $1.50 - $1.85 bid ask

[Rgess]

I think the most important thing you have said, "they have done everything they said they would do."

We are looking good here.

[spongeboy]

Last "Q" was June 30 and hit Aug 12 -- The "Q" for Sep 30 is due and should be out Nov 12 if they keep the same schedule - We have has 2 recent press releases with no "K" so I wonder what is brewing -

[Johnboy90]

Read the Akam announcement closely regarding the 1 for 7 RS. In it he specifically stated that there would be major acquisitions announced before the end of the YEAR!

[spongeboy]

The largest lender (an insider and private) doesn't want the loan paid back but wants stock instead !!! That is what turned me around. Reverse splits are almost always bad and pps usually falls to near pre-split levels -- but converting the debt establishes a new market pps of $1.95 - this was a brilliant move - still no volume so I suspect more news is in the wings.

[Johnboy90]

Funny how everyone's tune has changed. Oh yee of little faith. The management of this company is brilliant.

[spongeboy]

$1.85 x $3.00 bid/ask So far they have done everything they said they would do.

Sometimes they were a little late.. but..

There has been NO dilution

NO IR promotion

NO irreverent news for the sake of putting out news to pump

NO inside selling

Now we have almost No debt

Better share structure (I voted against split I would have rather seen them earn the higher pps)

Great team

Now post-split I smell a big acquisition or some other "big" news

They have been very quiet about the future except to mop up the mess left by prior management

I think they will directly own and manage for 15-28% margins instead of running for 7% royalties in the franchise model

Time will tell

Holding long

[Brugg3]

Yeah this is actually looking very good. I will be adding

[spongeboy]

I smell $4.00 pps news coming - inside debt converted to restricted stock!


LAFAYETTE, La., Nov. 4, 2013 /PRNewswire/ -- American Restaurant Concepts, Inc. (ANPZD), operator and franchisor of the award-winning Dick's Wings & Grill® restaurants, announced today that it has settled another of the Company's outstanding debt obligations.

On November 1, the Company agreed to issue 200,000 shares of common stock in full settlement of a total of $55,000 of principal and accrued interest due under a promissory note that had originally been issued to The Carl Collins Trust in January 2012.

This represents the second major debt settlement achieved by the Company during 2013. In April, the Company paid Bank of America $50,000 in full and final settlement of all outstanding principal, accrued interest and other amounts due under the loan agreement originally entered into by the parties in October 2008. The Company owed approximately $370,000 to Bank of America on the date of that settlement agreement.

"We continue to execute upon our strategy of improving our financial position to create shareholder value," stated Richard Akam, CEO of American Restaurant Concepts. "Between this note and our note with Bank of America, we have removed a total of $425,000 in debt from our balance sheet during 2013. This significant reduction in debt has strengthened our financial position and contributed to our bottom line through the termination of the related interest payments."

"A strong balance sheet will continue to be a focus for the Company as we move forward with our aggressive growth plan," continued Akam. "Our goal is to remove virtually all of our outstanding debt obligations from our balance sheet by the end of the year."

[spongeboy]

$1.95 !

.2786 pre-split

American Restaurant Concepts Announces Debt Conversion By Blue Victory Holdings


By PR Newswire, November 06, 2013, 08:30:00 AM EDT


LAFAYETTE, La., Nov. 6, 2013 /PRNewswire/ -- American Restaurant Concepts, Inc. (OTCBB:ANPZ), operator and franchisor of the award-winning Dick's Wings & Grill® restaurants, announced today that Blue Victory Holdings, Inc. has elected to convert all of the Company's outstanding debt into shares of common stock.

The Company entered into a credit facility with Blue Victory Holdings, Inc. on September 13 through which the Company can borrow up to $1 million on a revolving basis for general working capital purposes. Borrowings under the credit facility are unsecured, may be prepaid and re-borrowed without penalty, and bear interest at an annualized rate of 6%. Blue Victory has the right to convert all outstanding principal and accrued interest under the credit facility into shares of the Company's common stock. A total of $415,316 in loans made to the Company by Blue Victory prior to September 13 was incorporated into the credit facility.

As of November 5, the Company had $475,626 of principal and interest outstanding under the credit facility. Blue Victory elected to convert all of the principal and interest into shares of the Company's common stock at an effective conversion price of $1.95 per share. Accordingly, Blue Victory will be entitled to receive 243,911 restricted shares of common stock, which it intends to have issued directly to the 50 long-term, accredited investors that comprise its minority shareholder base. All price and share numbers reflect the recently completed 1-for-7 reverse stock split completed by the Company on November 4.

"The decision by Blue Victory to convert our debt into stock is a big endorsement for us," stated Richard Akam, CEO of American Restaurant Concepts. "This debt conversion shows the support Blue Victory has for our growth plan and the progress we have made to date in executing upon it. The debt conversion is also important because we now have the financial flexibility that we need to complete the next stage of our growth strategy. We are pursuing several major transactions that will diversify American Restaurant Concepts into other restaurant brands. We intend to use our credit facility with Blue Victory to help finance these deals."

This debt conversion represents the second debt settlement completed by the Company this month. On November 1, the Company issued a total of 200,000 pre-split shares of common stock (28,572 post-split shares) to the holders of the promissory note originally issued to The Carl Collins Trust in January 2012 in settlement of a total of $55,000 of principal and accrued interest. Earlier this year, the Company paid Bank of America$50,000 in settlement of $370,000 of principal, accrued interest and other amounts due under the October 2008 loan agreement. The Company has now settled a total of $900,626 of debt during 2013, representing virtually all of its outstanding debt.


Read more: http://www.nasdaq.com/press-release/american-restaurant-concepts-announces-debt-conversion-by-blue-victory-holdings-20131106-00595#ixzz2jsDWeYA5

[Brugg3]

Starts trading tomorrow

[spongeboy]

0.90 / 3.00 (1 x 1) anybody want to buy at $3.00 to get some volume?

1.8550.00 (0.00%) at N/A
Real-Time Best Bid & Ask
0.90 / 3.00 (1 x 1)

[Brugg3]

Okay cool lets see

[spongeboy]

Real-Time Best Bid & Ask 0.70 / 4.00(1 x 1)

[spongeboy]

1.855 now showing as "previous close"


1.8550.00 (0.00%)Real-Time Best Bid & Ask 0.60 / 5.00(1 x 1)

[spongeboy]

ANPZDAmerican Restaurant Concepts, Inc.
Common Stock OTCQB Real-Time Best Bid & Ask 0.55 / 5.00(1 x 1)


somewhere between .55 and $5.00

[Brugg3]

Anyone see the PPS yet??

[JJZander]

Reverse split news

[IX of Pentacles]

They re-opened Nocatee location with a new franchisee, DWG Acquisitions. See article in link below.
According to the Louisiana Secretary of State Website, DWG Acquisitions was formerly named Dick's Wings LA, LLC (name changed on 04/10/2013), and the officer listed for this entity is Seenu G. Kasturi.

http://finance.yahoo.com/news/american-restaurant-concepts-announces-reopening-123000382.html

There was an online bulletin board with a discussion about the previous owner and alleged problems she was having. Below is the link:
http://www.city-data.com/forum/jacksonville/1974094-nocatee-not-having-best-luck-keeping.html

[Brugg3]

Stupid.

[spongeboy]

Looks like they want to take it down to .10 to reverse split 50-1

[Brugg3]

Sold majority at .37 rest at .33

It was a fun ride

[spongeboy]

blub blub blub - the ship slowly sinks

[spongeboy]

8K just hit Friday after the close

[Brugg3]

Haven't heard anything yet.

[spongeboy]

Dear Stockholder:

You are cordially invited to attend a special meeting of stockholders of American Restaurant Concepts, Inc., a Florida corporation, to be held on Monday, October 21, 2013 at 10:00 a.m. local time at our corporate office located at 13453 North Main Street, Suite 206 , Jacksonville, FL 32218.

At the special meeting, you will be asked to consider and vote upon a proposed amendment to our Articles of Incorporation, as amended, to effect a reverse stock split of our outstanding shares of Class A common stock at any whole number ratio between 1-for-5 and 1-for-50, with the final decision of whether to proceed with the reverse stock split and the exact ratio and timing of the reverse stock split to be determined by our board of directors, in its discretion, following stockholder approval (if received), but not later than December 31, 2014.


SO WHAT WAS THE RESULT OF THE VOTE? WHEN DO WE GET HOSED?

[spongeboy]

The Jacksonville beach location of Dick’s Wings has closed. Please visit our other locations including our San Pablo location.

On Tuesday, the Stanfords opened The Blind Rabbit in the 5,000-square-foot space that had been the home for Dick’s Wings, located next to Brix at the corner of Third Street North and Second Avenue South.

Read more at Jacksonville.com: http://jacksonville.com/community/shorelines/2013-10-18/story/brothers-bring-gourmet-burgers-whiskey-bar-jax-beach#ixzz2iPf4LLH1