Bagger Dave's Burger Tavern (BDVB)

[ErnieBilco]

If you go back far enough they floated the buyback idea at .29 per share.

[traderjer]

All great points to consider. I’ve been involved a long time from BDAV to SAUC to BDVB. This is now an exciting set-up. Re: restaurant closings, a smaller location footprint is much easier to re-stage. More restaurants would be a liability. Re: concept, Bagger Dave’s is a great name for carry-out and delivery, the growth vector in fast casual. Re: Ansley, I know what it’s like when you can’t “get to” work on your baby. Upon closing he can finally do this. He will have about 11MM cash. He could buy us out or take us with him. He can’t walk away because shareholders have rights and he is a target for lawsuits given his cash position. Shares are limited and Ansley can create a lot of value for himself if he can turn BDVB around. He’s worked cash flow magic at BDVB while getting SAUC sold. I’m watching for the next key milestone which is The SAUC deal closing. And also looking for liquidity, with far more shares trading daily.

[MikeyInTheD]

I don’t know if I’d call SAUC a success for longterm shareholders. The stock was in free fall and company would have likely been delisted if they didn’t get a buyout offer. I believe in the model he built but it didn’t translate into success for shareholders. I hope you’re right on Bagger - I may start a position as a lotto ticket.

[ErnieBilco]

He will focus on this but not necessarily the Bagger Dave concept. He can build this like he built SAUC's success. Mike has been in this business a long time and could easily add other concepts under the BDVB stock ticker............ That's where the real value will come from.

He will find another concept that is up and coming and leverage his knowledge to bring up a concept that may not even be in franchising stage yet.

At a nickel I don't see why more shares aren't trading.

Stick with Mike and you will make money.

JMO having started with DRH @ .30 a share

[MikeyInTheD]

Do you think Ansley will focus his attention here or try to start from the ground up with a new concept without balance sheet problems? I know he once believed in Bagger Daves but the concept has really lost its luster and goodwill with customers. They’ve closed almost all locations and the concept seems broken. Everywhere sells craft beer and more seasoned burger-chain operators are struggling. I don’t know that Bagger Daves has a first-mover advantage anymore with craft beer. Red Robin is struggling and they have a bigger footprint and better executives. Why will Bagger Daves succeed? How many locations do they need in order to stabilize the balance sheet and cover fixed corporate overhead?

[traderjer]

The SAUC annual meeting is tomorrow! Look for a successful vote for the sale to ICV Partners and maybe some guidance on the deal closing date. Upon closing, BDVB regains the full attention of CEO Ansley and hopefully better things to come!

[Fedel]

Everything has its time. The company is still underestimated. The leader and creator will close the deal soon and completely immerse themselves in the BDVB workflow. Patience!

[traderjer]

Bagger Dave’s deserves a great carryout and delivery interface to strengthen its concept, add ample incremental sales and turn a profit. The name Bagger goes well with food to go.

[traderjer]

DRH (SAUC) is guarantor for a number of BDVB leases. As SAUC is being sold to private equity, how will these guarantees be transitioned?

[Fedel]

I agree. He will receive cash and be able to focus on BDVB. Increasing profits and the number of restaurants.

[traderjer]

Also he could take some cash from sale of SAUC and take BDVD private for more like 20-25 cents. Plenty of cash and actually cash flow positive. Either way, lots of hopium.

[traderjer]

Agree and have stepped up accumulating shares this week.

[Fedel]

He sold 64 restaurants for 130 million. Subtract the debt and get 34 million net. Divide by the number of restaurants and get almost $ 500,000 for each restaurant. Bagger Dave's Burger Tavern, Inc. has 8 restaurants and no debt. It can cost 8-10 million according to the most conservative estimates. And if they come to profitability, then we can see .50 $ + This is a great leader and a great future for Bagger Dave's Burger Tavern, Inc.

[Fedel]

Next in line is Bagger Dave's Burger Tavern, Inc. Now Michael Ansley can devote more time to promoting a restaurant chain. He has experience, time and money. Bagger Dave's Burger Tavern, Inc. still underestimated. Just look at the data. I suppose that investors or potential buyers can target it in the near future.

[Fedel]

https://www.crainsdetroit.com/mergers-acquisitions/new-york-city-firm-buy-diversified-restaurant-holdings-130-million-deal

[MikeyInTheD]

I haven’t been on the board in a long time...is your post a joke or for real? They are projecting to be profitable by the end of 2019? This company is the single most troubled restaurant stock I follow now that a couple others have gone BK. There is no value here - nothing unique and their early adoption of speciality beer menu has been matched by nearly every restaurant including most national chains. There is nothing unique here and the financials point to ultimate doom for the company. When was the last time you saw a restaurant chain close 75% of it’s stores with zero advance notice to customers, employees or shareholders and turn out to be a thriving business years down the road? What happened to the rumors of executives taking this private at .75 or even .40 as it was later rumored? Management could buy the concept for less than .01 if they wait 6 months.

[Fedel]

In the coming days, they will publish a report for the first quarter of 2019. I suppose that by the end of the year they will make a profit. Now the book value of the company is 5 times higher than the value of the shares.

[rednax]

Whoever bought my shares a .0795, thank you!

[Fedel]

No delay, it’s not due until May 15th.



From: ?????????
Sent: Tuesday, April 23, 2019 1:32 PM
To: info <[e-mail]>
Subject: first quarter of 2019



Good day. I am a shareholder of your company. At the moment I own more than 5% of the shares. In the near future I am going to increase the share in my portfolio, since I like your approach to business and I believe that the price of your company's shares is not undervalued. I am interested in the question regarding quarterly reporting for the first quarter of 2019. What is the reason for the delay? When do you plan to publish a report? Thank!

[securethebag]

No sellers move this bad boy on up

[securethebag]

Make these mm’s chase on the ask

[securethebag]

This is going .20++++ today is the start

[Fedel]

Spend a day off in order to study their reports. And I think you will be pleasantly surprised how well the guys do business and that soon they will make good profits!

[Fedel]

These guys spit on the price of shares. They are not going to pump them up to raise money and dump! They make great food! They do their favorite thing! Also, look at the reports, they reduce costs. And maybe this year will be profitable!

[Fedel]

There are very few stocks on the market! 40% from management, 20-30% from private investors. But ask yourself a question. Who will sell so low stocks that are undervalued! Look at the cost of the company in the reports. Take a walk next to each restaurant in the Google map and you will understand that unlike 99% of the OTC shares, this action is a real business !!!! Now the company's capitalization is 5 times lower than the cost of inventory and cash that the company has! The fact that she fell so low is just no attention from the action. When investors and small speculators realize that it is cheap, they will buy! And most importantly, at the whole stage of the fall there were no big sales!

[TJG]

Amazing how who ever this is moving it up can do so with so many 10K buys... same this as a month and a half ago when we touched 04

Lets see what happens this time...

[securethebag]

Otcx short af will squeeze this too

[securethebag]

Added some here this should be at least .20 a bunch of these restaurants around my house

[Fedel]

No sellers! A little push and go higher!

[Garyst]

Nice. I'm still in from a few weeks back on that spike. The thing with this one is it goes from hot to cold and back to hot every few weeks. In between pretty quiet.

[DispatchTrader]

Average .0167 it was a few days ago I believe

[Garyst]

Are you in from yesterday or the other week when it popped then?

[DispatchTrader]

Have my shares waiting patiently:)

[Garyst]

I'm still holding also from the other week.

[TJG]

Havent given up hope on this one...just waiting it out... still think there is something going to pop here.

[Garyst]

Nice bounce this morning.

[TJG]

Volume seems to be returning...

[TJG]

Glad to hear it... good luck getting the shares, nice to know they are going into strong hands.

[Fedel]

Good day. Yes, I will buy at these levels! Clearing my broker has opened access to these shares!

[TJG]

Fedel did you get a new broker...I see OTCX has that 55K up again and that was your magic number...

[TJG]

someone is buying.... not a lot but still they are buying.

[TJG]

Waking up a bit

[TJG]

Fedel as I mentioned before you may want to open an account with Etrade, they trade just about every OTC stock out there, including the Stop Sign ones.

IBKR makes no sense because BDVB is a Pinksheet Current stock so everything is up to date with them. Good Luck

[Fedel]

Thank you for contacting Interactive Brokers support!

BDVB shares cannot trade in IBKR because they do not meet the requirements of CNS. The BDVB symbol is in the "Closing Only" status as ordered by the clearing. IBKR specializes in e-commerce and you will not be allowed to open positions with a symbol that has not been tested in clearing. The BDVB symbol can only be closed on your IBKR account. You can also contact our trade department by phone to close the position. Our phone numbers can be found at this link:

[TJG]

192K offering on the BID... seems like someone wants in or wants to add to their pile....

[TJG]

BDVB has just filed their Attorney Letter and will remain current.

https://backend.otcmarkets.com/otcapi/company/financial-report/214095/content

So if we put the events of the past 10 days in order this is what we have.

1. Over 5 million shares bought on the open market, after being dormant for over a year, in which the daily average volume was 20,000 shares a day.

2. Financials were filed show strong revenue and little debt, with no convertible notes that are due or any dilution to speak of.

3. Attorney letter filed to maintain current status.

4. PR to announce merger, acquisition or expansion is all that is needed to make this the perfect storm. Lets see what next week brings shall we. Think when the opportunity arises I will add a few more to the pot.

And the Fake Wall just came down. Hmmmmmm

[Marauder65]

selling 1/2 my shares at .0195.. Going golfing will check later.. GLTA

[Garyst]

You may be right.

[TJG]

With volume low someone put up a ASK blocker to force folks to buy the sells at the cheap price...which normally translate into MM shorting a stock. They are selling people shares on the BID they dont have and as long as this goes back to low volume no one will ever be the wiser. My guess is that 90K is as fake an offering as there is.

[Garyst]

We sure went quiet after that massive volume day earlier this week.