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$RSTN RDE, Inc. (OTCQB:RSTN) (the "Company"), the owner and operator of Restaurant.com, the nation's largest restaurant-focused digital deals brand, is pleased to announce its partnership with MemberHub, the largest and fastest growing community engagement software company for K-12 parent groups. MemberHub currently serves over 12,800 organizations that engage with more than 2.8 million K-12 parents.
$RSTN Rosebud Restaurant Group was founded by legendary Chicago restaurateur Alex Dana, who has lived and made his career by that philosophy adding, "You can't look back if you want to move ahead." Mr. Dana has been moving ahead for the better part of four decades, expanding the success of his original Rosebud into Chicago's first major restaurant group and an international household name. Beloved by celebrities, politicians, global leaders and the everyman alike, all of Dana's Rosebud Restaurants throughout Chicagoland retain an authenticity and a high level of quality and service that has become an industry standard. In 1976, Dana opened The Rosebud on Chicago's Taylor Street in Little Italy. Slowly but surely, it became renowned for its delicious, authentic Italian cuisine made from fresh ingredients. Soon, it became a phenomenon-a hotspot for local and visiting celebrities. Mr. Dana has parlayed those early victories into a family of restaurants that has been woven into the very fabric of Chicago. From Carmine's to Rosebud on Rush, the Rosebud name has expanded to the suburbs and beyond with a new 10,000 square foot, three floor flagship location opening up in Prudential Plaza on Randolph Street early Summer 2021.
$RSTN Ketan Thakker, Chief Executive Officer of RDE, Inc., commented, "We are extremely excited to welcome Alex and his Rosebud Restaurants to our platform. We look forward to expanding our ‘Best Deal Every Meal' offerings for their well-known, high-quality restaurants. Our millions of registered users are always looking for new restaurant deals on our platform and especially in this pandemic environment with an opportunity to support a local Chicago restaurant."
$RSTN RDE, Inc. (OTCQB:RSTN) (Restaurant, Dining and Entertainment) is a pioneer in the restaurant deal space and the nation's largest restaurant-focused digital deals brand. Founded in 1999, Restaurant.com, Specials by Restaurant.com and our Corporate Incentives division connect digital consumers, businesses and communities offering thousands of dining, retail and entertainment deal options nationwide at over 184,000 restaurants and retailers. Restaurant.com prides itself on offering the best deal, every meal. Our restaurant certificates and gift cards allow customers to save at thousands of restaurants across the country with just a few clicks.
For more information, visit: www.rdeholdings.com
$RSTN Ketan Thakker, Chief Executive Officer of RDE, Inc., commented: "We look forward to executing on our vision in becoming "all things restaurants" and being a solid strategic partner to national and local restaurants. I'd like to thank the founders of SkyAuction , as it was a pleasure working with them over the past two years. We have since pivoted our Company strategy and focus toward the restaurant and dining industry with our acquisition of Restaurant.com and opportunities we have identified for long-term growth. I wish all the best to SkyAuction and their team as they have persevered and grown the business over the past ten years."
$RSTN The divestiture included a Seller Note of $2.5 million, which was converted into RDE, Inc's.common stock at $7.50 per share, and $179,000 of forgiven accrued interest.
$RSTN RDE, Inc. (OTCQB:RSTN) (the "Company"), a pioneer in the restaurant deal space and the nation's largest restaurant-focused digital deals brand, today provided an update on the divestiture of SkyAuction with a stock sale back to its founders.
low float! $RSTN should make a new high soon...
$RSTN Market Cap 31,150,697
04/07/2021
$RSTN Outstanding Shares 11,754,980
03/26/2021
BEST RE-OPENING TRADE OUT THERE....
$RSTN PROFITABLE IN A PANDEMIC.....
New Partner Fabio Viviani
Over 10 MILLION MEALS SERVED A YEAR with FABIO's network
LFG MOFO's!!!
PARTNER WITH T-MOBILE, FLORIDA POWER, HERTZ, ETC....
https://www.otcdynamics.com/rstn-rde-inc-ceo-discusses-corporate-resilience-and-resolve-in-audio-interview-with-smallcapvoice-com/?utm_campaign=twitter&utm_medium=twitter&utm_source=twitter
These clowns couldn't raise any capital at $3.50, so they are now trying at $2.50.
https://www.otcmarkets.com/filing/html?id=14814877&guid=oBApUF378EWht3h
$RSTN TOP "RE-OPENING TRADE"
Let's go...
$RSTN SHARK TANK DUDE
Celebrity Chef Fabio Viviani joins $RSTN Advisory Team
What a great coming out of the pandemic play we have with $RSTN
SIGNIFICANT UPSIDE HERE!!!
http://www.conferencecalltranscripts.org/summary/?id=177429&pr=true
This is TREMENDOUS news for $RSTN
https://www.cnbc.com/2021/03/08/cdc-issues-new-guidance-for-people-who-are-vaccinated-against-covid-.html
.06 cent profit last year instead of over a dollar loss in 2019. Might get some interest now.
This got quite all of the sudden and liquidity has dried up.
I think the stock goes parabolic in the next 30 days as they start announcing strategic partners.
Only for a brief moment.
Now back down to $3.47.
This stock can't seem to get out of its own way.
Still don't know why they think that they can do a capital raise at $3.50 with virtually no discount to the market price.
The shares will need to get to at least $5.00 to attract any meaningful buying interest.
Judging by the reaction of the stock price, nobody was impressed.
Did anyone listen to the investor presentation yesterday? What do you think? Looks like NASDAQ is a goal by end of the year.
More $RSTN news.....good stuff. What a story they have!!
https://finance.yahoo.com/news/rde-inc-partners-rosebud-restaurants-133000950.html
Yes sir. Float basically cleaned up. This could go PARABOLIC with any news. Target $20.00 or much much higher.
Once the legacy shares get cleaned up, $RSTN will go PARABOLIC.
The float is under 1.0 million and probably closer to 200,000 or 300,000 shares.
Insiders converted debt into equity at $7.50 and $9.00/share.
Let's go
Volume is picking up; almost 60,000 shares so far today.
New Report on $RSTN with $7.50 conservative valuation!!!
https://www.goldmanresearch.com/202101191302/Opportunity-Research/popular-undervalued-consumer-brand-set-for-major-gains.html
$RSTN former CEO took EQUITY at $9.00/share!!!
What we want to know is why the former CEO of Restaurants.com, Kenneth Chessick, when he decided to sell his company to UBID, was willing to take shares in the new company at a price of $9.00 a share?
Recent Mergers and Acquisitions
Effective March 1, 2020, we entered into an asset purchase agreement with Restaurant.com, Inc., a private Delaware corporation. We purchased substantially all assets, but no liabilities, of Restaurant.com for a total purchase price of $5,500,000, of which $725,000 was cash, $3,275,000 was in the form of 363,889 shares of our common stock and the balance of $1,500,000 was in the form of a three year promissory note bearing annual interest of 6%. Kenneth Chessick, the former President, CEO and Chairman of Restaurant.com entered into a 12-month consulting agreement with the Company.
Recent Financings
On August 15, 2019, we entered into a convertible note financing with EMA under which we issued a convertible promissory note in the principal amount of $112,750 from which will be deducted an original issue discount of $6,750, bearing interest of 8% per annum with a maturity date of August 15, 2020. The convertible promissory note is past due. The note is convertible into shares of our common stock at a conversion price equal to the lesser of: (i) $9.00 or (ii) the Variable Conversion Price (defined as 70% multiplied by the average of the three lowest volume weighted average prices of our shares of common stock during the ten consecutive trading day period immediately preceding the trading day that we receive EMA”s notice of conversion). We are required at all times to have common stock coverage of any potential conversion of a sufficient number of shares of our common stock into which the unpaid principal and accrued interest of the note is convertible. The initial coverage has been set at 11,087 shares. We issued a warrant to EMA (the “EMA Warrant”) exercisable for three years to purchase up to 18,667 shares that we are registering in this Offering Circular at an exercise price of $9.00 per share.
Also, when they divested the Sky Auction subsidiary the former CEO, Michael Hering took common stock at $7.50 a share
In July, 2020 we entered into a Consent and Agreement to Stock Sale Agreement and Mutual Release (“Stock Sale Agreement”), a Sales Marketing Agreement (“Marketing Agreement”) and a Consulting Agreement with each of Michael Hering and Salvatore Esposito, the founders of Skyauction.com, Inc. (“SkyAuction”). Under the terms of the Stock Sale Agreement, (i) we sold all 1,000 issued and outstanding shares of common stock of SkyAuction which we owned to Sky Auction Acquisition, LLC., a company controlled by Michael Hering, (ii) the past due principal amount of the note we issued to SkyAuction when we acquired it in November 2018, $2,500,000 (the “Merger Note”), was converted into shares of our common stock at a price of $7.50 per share or 333,333 shares of our common stock to be issued pro rata to the SkyAuction shareholders at the time of the merger with us, excluding Messrs. Hering and Esposito, and (iii) the accrued and unpaid interest totaling $180,000 as of June 30, 2020 under the Merger Note was forgiven.
https://www.otcmarkets.com/filing/html?id=14510195&guid=sAeqUa7s8DVwY3h
Added more $RSTN today.
No brainer to buy under $2.00 as they are doing the Reg A at $3.50
No float
Stock could go viral.
Added $RSTN today.... Reg A has started.
Bought at $1.50 while the deal is at $3.50.
A little volume and we are at $5.00 to $10.00/share
https://invest.rdeholdings.com/
I believe restaurant.com is launching their REG A at $3.50/share.
Look at their website.....
Anything under $3.50 is a GIFT.
LOAD NOW
Figures..decided to take the loss against my capital gains finally...better not materialize7
Someone knows something in my opinion
What's up with the share price today? Can't find any news....
The issue they have to get under control, before this can be worth anything, is that TheRestaurant.com certificates are not real gift cards. Customers pay Reastaurant.com , usually big corporations around $4 for a $25 gift certificate, in which Restaurant.com keeps all the money.
In theory this is actually a great business model if you can get away with it, but just doing a simple Google search and BBB search tells a very different story. If they can sell 100,000 of these coupons per month, they net $400,000 per month. The problem is, even with the influx of carry out and delivery, there are 1,000's of very unhappy customers.
If they can fix that, they may have something here, as it can help restaurants recover their business while driving customers to their restaurants. It will blow up on them if the Restaurants do not honor these coupons and have a seamless experience using them. I hope they use the $7.5 Million they raised to focus on the customer experience, which in their model is both the Consumer and the Restaurant that accepts the discount.
Might be worth a gamble, if they confirm the raise, and fix their consumer issues before they are shut down.
Good luck to all.
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