Granite City Food and Brewery, Ltd. (GCFB)

[MikeyInTheD]

They are in bankruptcy so who knows if common holders will see much of anything. I’d sell if you are up in this trade.

[makinezmoney]

$GCFB: Make sure you lemme know of your runners


before they run !


THANKS !

[Golden Cross]

Great news...Might see a run here...Thanks

[makinezmoney]

$GCFB: NEWS.......... BBQ buyout


Press Release: BBQ Holdings, Inc. Announces Their Intent to Acquire the Assets of Granite City Food and Brewery
8:26 AM ET 2/13/20 | Dow Jones
Related Quotes


3:18 PM ET 2/12/20
Symbol Last % Chg
BBQ
4.10 0.00%
Real time quote.



BBQ Holdings, Inc. Announces Their Intent to Acquire the Assets of Granite City Food and Brewery

The company has executed an asset purchase agreement to acquire the Minnesota-based restaurant brand

MINNETONKA, Minn., Feb. 13, 2020 (GLOBE NEWSWIRE) -- BBQ Holdings, Inc., the parent company of Famous Dave's, Clark Crew BBQ and Real Famous BBQ, announced today that they have entered into an asset purchase agreement, pursuant to which BBQ Holdings will acquire the assets of Granite City Food and Brewery.

The Granite City Food and Brewery brand and its loyal customer following will contribute greatly to BBQ Holdings current and growing portfolio of restaurant brands. Founded in 1999, Granite City is highly regarded in the casual dining space for brewing their own award-winning beers and their beloved, made-from-scratch menu.

"This meaningfully accretive acquisition of Granite City Food and Brewery aligns with our strategy to accelerate growth and expansion as a multi-brand restaurant company," said Jeff Crivello, Chief Executive Officer of BBQ Holdings. "As an award-winning concept, Granite City is a fantastic addition to the BBQ Holdings family, and we look forward to the synergies we can create between multiple brands."

"Granite City, winner of Nation's Restaurant News Hot Concept award is known for their brunch, patios, and of course locally brewed craft beer. Granite City fits in well with our operating philosophy of great food and great service," said Crivello.

In addition to the announcement, BBQ Holdings, Inc., also recently opened several new restaurant concepts including Clark Crew BBQ in Oklahoma City, Real Famous BBQ in Utah and the first of several smaller-footprint concepts, in its home market of Minneapolis.

ABOUT BBQ HOLDINGS, INC.:

BBQ Holdings, Inc. (NASDAQ: BBQ) is a national restaurant company engaged in the ownership and operation of casual and fast dining restaurants. As of December 9, 2019 BBQ Holdings has three brands with 126 overall locations in 33 states and three countries, including 31 company-owned and 94 franchise-operated restaurants. While BBQ Holdings continues to diversify its ownership in the restaurant community it was founded with the principle of combining the "art and science" of barbecue to serve up the very best of the best to barbecue lovers everywhere. A wide variety of BBQ favorites including signature award-winning St. Louis- Style Ribs, Texas Beef Brisket, Georgia Chopped Pork, and Country-Roasted Chicken are offered. BBQ Holdings, through partnerships, has extended Travis' award winning line of barbecue sauces, rubs and seasonings into the retail market.

MEDIA CONTACT:

Jennifer Hoch

No Limit Agency

312-526-3996

[e-mail]

> Dow Jones Newswires

February 13, 2020 08:26 ET (13:26 GMT)

[MikeyInTheD]

The company is going to creditor-controlled sometime in 2020 and the share price is reflecting that reality. The balance sheet can no longer be supported. Management has cut every expense possible and it still isn’t enough. Cash burn has driven the company to the edge of the cliff and it’s going over soon.

I owned this company back when it was around $1.00 and sold for a decent return at the time. Held onto a small position because I thought it would be a takeover target. The day they announced they would no longer be a fully reporting company I sold the remaining shares I owned. The company signaled they didn’t have a plan to provide shareholders with any return on equity.

[RandyKCMO]

Historically, the most reliable information I've found is on the company's website l

https://www.gcfb.com/company-info/

However, it corresponds to the information on www.otcmarkets.com ( which I hadn't seen BTW).

The company's stock has certainly been trading like bad news is coming. I thought maybe it was year-end selling, but now I'm not so sure.

[Golden Cross]

$GCFB Tier_Change: Pink Limited to Pink No Information

OTCM Link
https://www.otcmarkets.com/stock/GCFB/disclosure

[RandyKCMO]

From my vantage point... from the Q1 Report below, it doesn't appear that Granite City has turned things around yet.

https://www.gcfb.com/wp-content/uploads/2019/05/OTC-Quarterly-Report-Q1-2019.pdf

Here's a link to the Fiscal 2018 Report (Revenue, balance sheet and cash flow)

https://www.gcfb.com/wp-content/uploads/2019/04/OTC-Annual-Report-2018.pdf

[RandyKCMO]

Seems over the last couple months... there has been some growing interest in GCFB stock.

It wasn't that long ago we were trading between 20 and 30 cents per share. Lately, we've seen the stock trading in the 40 to 50 cent range.

[RandyKCMO]

Still intrigued by this company and its shares.

Best information regarding the longevity and future is the company is available here...

http://www.gcfb.com/investors

I haven't read the current quarterly reports, but from my recollection is that in recent quarters, they've been making some progress.

[RandyKCMO]

Looks like the "powers that be" or those who know what's going on... seem to be supporting the stock and it's move north.

We shall see.

[RandyKCMO]

Not sure what happened yesterday. Or if no where over a 50k shares trade and today. GCFB goes back to it's own boring self.

Any explanations?

[MikeyInTheD]

Still no consistent volume here. We have had a period of some decent volume. I will never understand this company and the lack of management’s commitment to shareholders. It is like they operate as a private company with no regard for shareholders. There is value here - they just don’t care to unlock it.

[RandyKCMO]

Have followed this for a while. The new CEO... Lynch and company seen to be turning the corner. He turned around the Popeye's Chicken franchise and hopefully will do the same here.

The big overhang is the debt ($40million plus). They are actually in default of they're debt covenants.

And technically, they've not been opening new stores lately... They've actually closed a few of the less profitable ones.

Lastest financial report looked better, but not great. The reports are a little hard to find in the website but posted here:

www.gcfb.com/investors

On the plus side... low outstanding shares and pretty small flower. The company is pretty well opened by those who holds the debt so they have good incentive to turn it around.

[MikeyInTheD]

The most undervalued restaurant stock along with Papa Murphy’s. GCFB continues to open successful new locations and expand their Midwest footprint. I do not understand how the stock never gains any traction. The locations are in middle-to-upper class locations here in Detroit and are always packed on nights and weekends. I think the stock is unfollowed by 99.9999% of the investment community and the company didn’t do itself any favors when they voluntarily downlisted to save on reporting costs. The concept is solid and management seems to have some skill in restaurant operations. Maybe they need to hire someone to promote the stock or company more to investors. Attempting to uplist once again wouldn’t hurt either. Combining GCFB with another regional player might not be a bad idea either. Find a concept that has worked in the past but didn’t have the management team to run operations efficiently - thinking Bagger Dave’s or Grill-it (ticker GRLT). Both concepts received good consumer reviews but didn’t have the knowledge within management to make them successful and profitable.

[mov1es]

In a BK would options be wiped out as well as equity holders? Would assume they would reset them at a different price at time of coming out of Bankruptcy. Typically an equity raise would be set lower than current price to attract attention. Otherwise they would just keep pumping out new shares to the market and let average joe buy them.

I do agree that this could work long term with the new CEO. Not sure why he would have ever left Popeyes to take this over. Seems to be a step backwards.

[RandyKCMO]

Plus there was actually a few trades today. Plus a fairly serious sized bid in the .20's.

I don't think many pay much attention to the stock or its price.. so there are not many shares available.

My thought is that if a turnaround happens... 10K was released last month... not too exciting... but a few interesting points.

Available here: https://www.gcfb.com/investors/financials/

[RandyKCMO]

Agreed.

1. I guess I've not figured out the IBox picture thing yet. I'll work on this.

2. I'm not super hot on this company... though I did buy some shares. I figure if they do anything with an equity raise it will be at higher prices.

3. They have a new CEO (since March of 2017) and he's turned around Popeye's Louisiana Chicken. AND all his options are over a buck.

4. The company is pretty tightly held. I don't remember the exact numbers... 14 million shares 80-85% held by insiders.

Thanks for the comments.

[mov1es]

Didn't see your pics. Been burned on restaurant stuff before. This is a tough one to get excited about. In a segment that is being killed right now. Has been out of favor for a while. If market picks up for casual dining they may have some kind of future. Debt is huge concern. Could file BK if things do not pick up and then start over.

[RandyKCMO]

And this one...

[RandyKCMO]

Still Trying to figure out how to paste pictures and screen shots. :)

[RandyKCMO]

Lately, I've been seeing a lot of Granite City Facebook ads. I'm guessing these are targeted ads that show up on people's Facebook feeds that have liked Granite City or liked some metric determined by GC.

Here are a couple samples:

Screenshot of GCFB Facebook ad

[RandyKCMO]

In the month of MARCH celebrating St. Patrick's Day... Their monthly tap was BURNING BARN IRISH RED

and then on the 15th

RAISING LADDERS IRISH WHISKEY RED ALE
and on Saturday March 17 10% of sales will go to Local Fire Departments.

Pretty cool. More to post, but have to run.

Randy

[RandyKCMO]

Not sure I mentioned below... but part of my interest in Granite City Food and Brewery is that I like the restaurant and would like to see the company succeed (as well as make a return on my investment by it's success).

Anyway, I've been following their marketing strategy and promotions and over the last year and am intrigued. It seems our new CEO Lynch is engaging new and regular customers in some pretty practical ways.

One of their customer retention programs is their Mug Club Membership. It entitles their customers to accrue points and receive rewards for purchases. They are also informed of current and upcoming promotions.

EXAMPLE: During the month of February they had a $5.00 pitcher special and a certain apps for $5.00 a piece on Monday through Wednesday.

I went on a Tuesday and was given a coupon (by the manager) to return on Thursday through Saturday for another promotional special... two beers and two entrees for $25. Pretty good deal.

I appreciated the effort to continue and encourage return visits.

[RandyKCMO]

What concerns me about GCFB?

1. The obvious is will they survive and be about to come or from their deny burden.

2. How much debt do they have?

I'll post a more definitive list but I know they have a $40 million line of credit that is fully used and in default.

3. ???

[RandyKCMO]

What peeks my interests about GCFB this point in their history?

1 New CEO Lynch since March of 2017. He was the former CEO of Popeye's Chicken... and responsible for their turn around. It's been about a year and we should be finding out whether his initiatives are gaining traction.

2. Company is majority owned by venture capital firm (don't have the name handy, but will post later.). I think they have a 70-75% interest.

3. As a Granite City fan, I've been intrigued even impressed with initiatives and improvements in marketing.

4.

[RandyKCMO]

I've been a Granite City Food and Brewery fan for the last 10-15 years. Just recently... in the last 2-3 months I've discovered that they're a public company.

I'm thinking if nothing else I'd try to become a Moderator and try to update the Ibox and at least bring make information more available.

[RandyKCMO]

Anyone in IHUB still tracking or watching GCFB?

[jaws23]

GCFB opening a new store in 2014! Louisville Kentucky! Check it out!


http://seekingalpha.com/news-article/6603991-granite-city-food-brewery-ltd-set-to-open-restaurant-in-louisville-kentucky

-Jaws

[jaws23]

I am liking the positive movement here, coupled with what appears to be more interest! GCFB about to turn the corner within the next couple years! Ate at Cadillac ranch at Mall of America Yesterday, absolutely love their kettle chip appetizer!

My Opinion.

-Jaws

[jaws23]

Here are the results! Not to shabby! Go GCFB !

http://finance.yahoo.com/news/granite-city-food-brewery-reports-005300936.html

Jaws

[jaws23]

Alright alright! get your GCFB share while you can I hope these guys are turning a corner starting this year. Sure they are still opening some new places this year, but they are already starting to turn a profit, I hope to find out tonight that it has only done better.

GCFB has weathered its long storm and is ready to sail the seas again!

[jaws23]

I hope GCFB is only delisted for the short term, they really seem to be making a turn for the better in my opinion.

I foresee great things in the future for GCFB.

Once they get their ducks in a row they will hopefully start drumming up some publicity and get back on the big board. I am calling it, 2014 will be the year for GCFB! all my amateur opinion.

-Jaws

[Renee]

GCFB delisted from Nasdaq to OTCQB:

http://www.otcbb.com/asp/dailylist_detail.asp?d=04/25/2013&mkt_ctg=NON-OTCBB

[jaws23]

So, whats the good word on GCFB?? I guess I see potential but might need a little convinving. What are the chances they can turn things around and reclame some of the value it had back in 05-07??

[Penny Roger$]

~ Thurs-Fri $GCFB ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $GCFB ~ Earnings expected on Friday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.








http://stockcharts.com/h-sc/ui?s=GCFB&p=D&b=3&g=0&id=p88783918276&a=237480049




http://stockcharts.com/h-sc/ui?s=GCFB&p=W&b=3&g=0&id=p54550695994



~ Google Finance: http://www.google.com/finance?q=GCFB
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=GCFB#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=GCFB+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=GCFB
Finviz: http://finviz.com/quote.ashx?t=GCFB
~ BusyStock: http://busystock.com/i.php?s=GCFB&v=2


<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=GCFB >>>>>>



http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.

[Papa Bear]

GCFB ~~~~~~~

Authorized shares as of May 27, 2010 was 100,000,000

90,000,000 Outstanding
10,000,000 Preferred

http://sec.edgar-online.com/granite-city-food-brewery-ltd/def-14a-proxy-statement-definitive/2010/07/21/section13.aspx

GCFB
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[Papa Bear]

GCFB ~~~~~~~

Outstanding shares as of May 27, 2010 was 90,000,000


http://sec.edgar-online.com/granite-city-food-brewery-ltd/def-14a-proxy-statement-definitive/2010/07/21/section14.aspx

GCFB
GCFB
GCFB
GCFB
GCFB

[Papa Bear]

GCFB ~~~~~~ Sounds great and this restaurant chain looks very promising. It looks like they are acquiring locations at a pretty good pace .... that means positive and continual growth as well as increased shareholder value.

I will be updating the IBox here soon, but if you come across news about the organization, please let me know so I can post it for all GCFB shareholders : )

GO GCFB!

GCFB
GCFB
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[cooljet]

Hi....I created this board because of the mass potential it has. My uncle used to haul supplies to the resturant when it first opened and told me about GCFB, back when it was still under a dollar. You might also want to check out UFFC, a fast food restruant that serves healthy foods. Good luck and hope we make bank with GCFB......

[Papa Bear]

GCFB ~~~~~~ You have gotta love their mission statement:


To create an exceptional Guest experience by delivering outstanding hospitality and distinctive value to all of our Guests. We will do this by empowering our people. We are committed to providing that same value and return on investment to our Stakeholders. In order to achieve our mission we will conduct our business with the following core rivets in mind:

1.People
2.Product
3.Guests
4.Financials
5.Standards

[Papa Bear]

GCFB ~~~~~~ Shortly before we opened our third store, we launched our patented brewing process, Fermentus Interruptus™, which makes micro brewing for multiple locations more efficient. This process, conceived and designed by Mr. Burdick, allows us to ship sweet liquid called wort, from our central brewing facility to individual stores. When this liquid reaches the stores, we begin the fermentation process and complete the brewing. We use Fermentus Interruptus at all of our Granite City Food & Brewery® locations.

[Papa Bear]

GCFB ~~~~~~ Our founders, Mr. Wagenheim and Mr. Burdick, have over 52 years of combined hospitality industry experience. Mr. Wagenheim's experience includes that of corporate executive, owner/operator, manager and consultant for hotels, resorts, and individual and multi-unit restaurant operations. Mr. Burdick, a brewing chemist, has over 30 years experience in the restaurant, hospitality and brewing industry in both corporate and private positions.

[Papa Bear]

GCFB ~~~~~ Granite City Food & Brewery®, a casual dining restaurant with an on-site brewery. Our initial restaurant commenced operations in St. Cloud, Minnesota, in June 1999. Our second restaurant, located in Sioux Falls, South Dakota, commenced operations in December 2000, and our third restaurant opened to the public November 20, 2001 in Fargo, North Dakota. We now have 26 stores operating in 11 different states. At Granite City Food & Brewery®, we serve signature beers, including Duke of Wellington (an English ale) and Broad Axe Stout (an authentic Irish beer), and entrees such as London broil. We offer a broad menu of items that are prepared fresh daily and are served in generous portions at reasonable prices. Our handcrafted beers are moderately priced and offer unique styles and flavors not typically produced by major breweries.