Great American Food Chain Inc (GAMN)

[thepoet75]

I am so pissed right now, read the fukin sticker wrong thinking it was sup penny. 5 bagger last play and i lose out on like 4k because i miss read the fukin sticker and put in the wrong limit order. Almost feel like market orders are better

[stockhype]

You have to love stock psycho's alerts. The amount that man makes in compensation is astonishing, so are the gains those alerts usually produce.

[thepoet75]

Mother, i missed it... I thought i saw sub penny when i put in my limit order.

[Carlito]

.75 >>damnnnnnnn>> sold mine for Peanuts grrrrrrrrrrrrrrrrr

[RACKnRICKY]

new filings today 52w .10-.04

[vip1999]

who still have the restricted shares from... what 10 years ago?
I still can't get it unrestricted and sell it. I don't think they will be view as a serious company until the older shareholder get their money back.

[flemsnopes]

Looks like someone may have reversed the zero and the 7 on this 316 share order at .70, but if this holds, I may cough up the $250 to get the "restricted" legend off those 1000 cursed shares from 2006.

[seanm822]

i really think this is a good company...just need to keep us (shareholders) updated more and this thing could really move....IMO

[seanm822]

this would be a great stock if they had more news

[flemsnopes]

The following is an excerpt from the most recent disclosure statement. (link to full filing provided as well)

ITEM 16: MANAGEMENT’S DISCUSSION AND ANALYSIS OR PLAN OF
OPERATION (excerpt)

The Company is also in negotiations and has signed a letter of intent to acquire two additional concepts. It is anticipated that both of these acquisitions will close in the beginning of the third quarter of 2011. The Company will need to raise additional capital in order to close these 23 transactions. Although the Company believes that it will be able to raise this capital necessary to close these transactions, there is no guarantee that the capital will be successfully raised.

http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=54545

[socialmedia investing]

GAMN company news release
http://www.babelation.com/feed/great-american-food-chain-inc-gamn-otc-link-initial-company-information-and-disclosure-statemen

[flemsnopes]

Link to June 14 filings at otcmarkets.com

http://www.otcmarkets.com/stock/GAMN/financials

[flemsnopes]

Business of Issuer
The Great American Food Chain is a portfolio restaurant holding company specializing in the development and expansion of proven independent restaurant concepts into multi-unit locations through corporate owned stores, licensing, and franchising opportunities. The Company currently owns two concepts, Kokopelli Fresh Mexican Grill and Amici Italian Café. The Company also owns the trademark and intellectual property rights for www.KeyToTheCity.com, a web-based city guide for use by both local residents and tourists.


(KeyToTheCity.com appears to be under construction and not fully functional)

[flemsnopes]

Common Stock:
(i) Period end date: March 31, 2011
(ii) Number of shares authorized: 100,000,000
(iii) Number of shares outstanding: 7,005,747
(iv) Freely tradable shares (public float): 1,500,000
(v) Total number of beneficial shareholders: 1,100+
(vi) Total number of shareholders of record: 471

[flemsnopes]

In May 2011, the Company issued 562,500 shares of common stock, restricted under Rule 144,
to various shareholders for conversion of debt to equity.

[seanm822]

Let's get behind this thing. Lots of good opp here.

[flemsnopes]

The Athens franchise seems to be actively promotional. I hope that translates into bottom line profits.

http://www.connect2athens.com/epps/epsend.cfm?id=140

[Mark]

Some life today, interesting...still holding.

[Greed_e_Smurf]

sux that there's been no follow up news here. it looks as if the natives are getting restless.

[Mark]

Be nice to see some more news here...

[Greed_e_Smurf]

bid ut'ing and now they're starting to chew at .20 level

[Greed_e_Smurf]

now we've got an ask uptick to .20! nice!

[Greed_e_Smurf]

more nibbles coming in @ .15 watch for a move upwards

[Greed_e_Smurf]

someone has been nibbling the .15s for the past few days...

[Mark]

More news, nice....

[Carlito]

News !!>>> Great American Food Chain Acquires Amici Restaurants



Great Amer Food New (USOTC:GAMN)
Intraday Stock Chart
Today : Monday 7 March 2011

The Great American Food Chain, Inc. (PINKSHEETS: GAMN) announced today that it has acquired an 80 percent interest in Amici Restaurants of Madison, Georgia, www.amici-cafe.com.

Amici Restaurants is a 17 year old regional chain of full service family style Italian restaurants. Amici Restaurants owns and operates two restaurants, one in Madison and one in Covington, Georgia. In addition there are four franchise restaurants located in Athens, Augusta, Milledgeville, and Lake Oconee, and a partnership restaurant in Monroe, Georgia. Total system wide sales are estimated at $6.5 million.



Amici's founder Chris Torino will remain with the company and assume the position of VP of Brand Innovation. Mike Torino will hold the position of VP of Brand Development and will serve as a member of the Board of Directors of The Great American Food Chain, Inc.

The Great American Food Chain, Inc. has appointed Robert Andreottola as President of the company and Mr. Andreottola will also serve as a member of the Board of Directors.

Edward Sigmond, Chairman and CEO of The Great American Food Chain, was quoted as saying, "We are very excited about the opportunity to have the Amici brand as part of our company. Amici has an excellent reputation in its current markets and feel that it is well positioned to grow and into a competitive regional brand."

About The Great American Food Chain, Inc.

The Great American Food Chain, Inc. is a restaurant holding company specializing in the development and expansion of proven independent restaurant concepts into multi-unit locations through corporate owned stores, licensing, and franchising opportunities. GAMN is located in Dallas, Texas.

Forward-Looking Statements

Any statements in this press release about The Great American Food Chain's expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and are forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995 (the "Act"). These statements are often, but not always, made through the use of words or phrases such as "believe," "will," "expect," "anticipate," "estimate," "intend," "plan," "forecast," "could," and "would." There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including: limited operating history, need for future capital, risks inherent in the development and commercialization of restaurant concepts, protection of the Company's intellectual property, and economic conditions generally. Additional information on potential factors that could affect results and other risks and uncertainties are detailed from time to time in the Company's periodic reports. The Great American Food Chain claims the protection of the safe harbor for forward-looking statements under the Act and assumes no obligation and expressly disclaims any duty to update any forward-looking statement to reflect events or circumstances after the date of this news release or to reflect the occurrence of subsequent events.

CONTACT:

The Great American Food Chain, Inc.

Edward Sigmond

[phone]

Email Contact

[amandarose4]

try and get them done quickly.

[johngoodboy]

You maybe right. I just want to get them unrestricted. GLTU

[amandarose4]

lol, why do you say that. All penny stocks eventually go below a penny, especially a company here in financial distress. Hundrerds of tbhousands of dollars of debt, the little p and d job did bery little except stick new investors with other peoples, aka daytraders shares. You shall see my friend!

[hdsstocks]

You are wrong. This will never drop below a penny. LOL

[amandarose4]

you wil be too late. GAMN will be under a penny by then!

[johngoodboy]

Thanks. ScotTrade informed me that I need to contact the company and get the restriction lifted. I'll try and let you know what happens. GLTU

[eightyseven]

Amanda, there is a difference between good debt and bad debt (and yes, there is such a thing as good debt.)

In my experience (as limited as it may be) a company that takes out a loan to increase their cashflow is much different than a company that takes out a loan to keep their head above water. If GAMN was in trouble, it seems to me that they would be trying to survive instead of making acquisitions. The fact that they are taking on debt to buy undervalued restaurants and increase their overall revenues, says to me that they have a plan... And a future.

[flemsnopes]

The lady doth protest too much, methinks
Hamlet Act 3, scene 2

[amandarose4]

Pure debt, AUTO being a flipper her on IHUB, this one is a pig. AUTO will force to sell at bid so look for super cheapies soon here. Don't buy this pos

[flemsnopes]

Caution is certainly warranted with any "limited information" pink sheet stock, but GAMN seems to be making a concerted effort to document a business plan in a cost effective manner by using the pinksheets website (otcmarkets.com). "Bashing", just like "pumping" oftentimes belies an agenda on the part of the devotee, and the dilemma for interested parties becomes one of deciding whom to believe (if anyone). It is true, pink sheet stocks are the wild, wild west of investing, to be sure, and I wouldn't want to encourage anyone to close their eyes when jumping in or out. On the other hand, GAMN seems to be putting some cards on the table here - unlike most of their peers. Questioning the sincerity of such DD is fine, but I would simply opine that agendas come in all shapes, colors and sizes.

http://www.otcmarkets.com/stock/GAMN/financials

[amandarose4]

GAMN is in huge financial debt through their last filing. They have no equity for these purchases. All BS

[hdsstocks]

http://www.otcmarkets.com/stock/GAMN/news?id=27248&b=y

[amandarose4]

news is nowhere, the pump is over as the trading shows. a 100 share buy to make the stock look like it's up just reflects how desperate any pumpers left are. This is toilet material down, it's down the drain and flushed!

[hdsstocks]

How was it fake? go to OTCMARKETS.com and CHECK THE NEWS TAB!

[levelnever]

Amanda, this is incorrect, I have to respond as it appears you are coming at me here saying it's a fake link. I saw the news hit the pinksheets.com feed and reported it to the board, no fake link at all, now whether you it like it or not of course is another story. And of course, debate about the DD, good or bad, is always important.

While I never got in and currently do not yet have a position, this remains on my radar for two reasons, the low float, at last report ~1.2 million, the series of filings they made after 3 years without any and that first news release in years. Whether anything more happens too soon to know for sure and it has already made a very large run, but since February there have been things happening with the filings and news releases. Whether it turns into something more we will have to wait and see. But I do know from experience, any stock with a 1.2 million float has the potential to make massive moves.

Here is the link:
http://www.otcmarkets.com/stock/GAMN/news?id=27248&b=y


best,
level

[amandarose4]

and AUTo is the dumping mm here. Loook at the posters pumping this one. They are daytraders who pump to dump, just look at their posting history. AUTO mm is the dumping daytrading MM here. Just sit back and watch him on l2, lol

[amandarose4]

you are down 5 percent and the pump machine is now dumping. Have fun here!

[eightyseven]

GAMN - Not a bad start to the day ^38%

[hdsstocks]

Easily- weee

[CollegeGrad22]

yep, i agree. Held up well on Friday and was only a few ask slaps from really taking off. Volume still increasing....imagine a 500-750K+ day. Would easily hit a dollar.

[jimbojones]

Yup just have to get word out about the company

[hdsstocks]

Can't wait for next week, zoom zoom time IMO

[Greed_e_Smurf]

Woooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo!!!!!!!!!!!!!!! Just had to let that out since I got gagged on my 15th message on Friday before the run really started getting going. Maybe one day, I'll actually have to subscribe to the old IHUBer... GLTA! I'm still holding mine!

[jimbojones]

Yeah from what I've gathered former gamn wasn't the most successful company mainly due to the fact of the recession.Been tough time for restaurants everywhere, not sure if their restaurants went under or not. Amici looks like a great company with sales. Plus the reviews of the company itself are pretty good. This should start trading more like an stock. The ask is stable as well as the bid looks like a great couple months coming I'll call the company Monday.