Schlotzkys Shell (fka BUNZQ)

[CPTMatt]

Somalia, a government free paradise?

http://memepoliceman.com/is-somalia-libertarian/

[Renee]

BUNZQ: Revoked:

http://sec.gov/litigation/admin/2011/34-64894.pdf

The Securities and Exchange Commission (“Commission”) deems it necessary and appropriate for the protection of investors to accept the Offer of Settlement submitted by SI Restructuring, Inc. (f/k/a Schlotzsky’s, Inc.) (“SI Restructuring” or “Respondent”) pursuant to Rule 240(a) of the Rules of Practice of the Commission, 17 C.F.R. § 201.240(a), for the purpose of settlement of these proceedings initiated against Respondent on June 16, 2011, pursuant to Section 12(j) of the Securities Exchange Act of 1934 (“Exchange Act”).

Solely for the purpose of these proceedings and any other proceedings brought by or on behalf of the Commission, or to which the Commission is a party, and without admitting or
denying the findings herein, except as to the Commission’s jurisdiction over it and the subject matter of these proceedings, which are admitted, Respondent consents to the entry of this Order
Making Findings and Revoking Registration of Securities Pursuant to Section 12(j) of the Securities Exchange Act of 1934 as to SI Restructuring, Inc. (f/k/a Schlotzsky’s, Inc.) (“Order”), as
set forth below.

III.

On the basis of this Order and Respondent’s Offer, the Commission finds that1:
1. SI Restructuring (CIK No. 1002178) is a Texas corporation located in Dallas, Texas. At all times relevant to this proceeding, the securities of SI Restructuring have been registered under Exchange Act Section 12(g). As of June 2, 2011, the company’s stock (symbol “BUNZQ”) was quoted on OTC Link (previously, “Pink Sheets”) operated by OTC Markets Group Inc., had seven market makers, and was eligible for the “piggyback” exception of Exchange Act Rule 15c2-11(f)(3).

2. SI Restructuring has failed to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder because it has not filed any periodic reports with the Commission since the period ended June 30, 2004.

IV.
In view of the foregoing, the Commission deems it necessary and appropriate for the protection of investors to impose the sanction specified in Respondent’s Offer.
1 The findings herein are made pursuant to Respondent’s Offer of Settlement and are not binding on any other person or entity in this or any other proceeding.

Accordingly, it is hereby ORDERED that:
Pursuant to Exchange Act Section 12(j), registration of each class of Respondent’s securities registered pursuant to Exchange Act Section 12 be, and hereby is, revoked.

For the Commission, by its Secretary, pursuant to delegated authority.

Elizabeth M. Murphy
Secretary

[Abag]

Bin Laden is dead, now everyone can eat more, go SCHLOTZKYS

[Abag]

WTF, 50k bought at ask, is this thing going today? Schlotzkys is definitely a real deal i have personally been to a couple of the locations here in tx.

[Abag]

Yes, i eat there on wednesdays every week, because my work orders lunch from there every wednesday. They do have great sandwiches. They are a great franchise, need more commercials though.

[parrot head]

I ate there Sunday after church here in eastern NC, took advantage of the $5 original meal :) I love Schlotzkys, they need to keep lowering prices though.

[Abag]

Yes there are 5 in the Dallas Fort Worth area in Texas, and they all are nice beautiful and profitable restaraunts.

[bampabruce]

There are 5 in the Phoenix area and all seem to be doing quite well.

[Abag]

Schlotzkys has shops open and doing business right here in Texas.

[bampabruce]

BUNZQ parent co. aquires Auntie Anne's

Oct 08, 2010 08:51 ET
Roark Capital Portfolio Company FOCUS Brands® to Acquire Auntie Anne's®
World's Largest Hand-Rolled Soft Pretzel Concept to Join FOCUS Brands' Sister Companies Carvel® Ice Cream, Cinnabon®, Schlotzsky's® and Moe's Southwest Grill®; Auntie Anne's Is Roark's 19th Franchise Investment and 8th in the Restaurant Industry


Auntie Anne's offers a variety of fresh, hand-rolled soft pretzel flavors, dipping sauces and signature lemonade products. Highlighted Links


FOCUS Brands website

Auntie Anne's FranchisingATLANTA, GA--(Marketwire - October 8, 2010) - Roark Capital, an Atlanta-based private equity firm, announced today that one of its portfolio companies, FOCUS Brands, has entered into a definitive agreement to acquire Auntie Anne's, the franchisor of the world's largest hand-rolled soft pretzel chain. Headquartered in Lancaster, Pa., Auntie Anne's has nearly 1,100 stores in 44 states and 21 countries. The transaction is expected to close later this fall.

FOCUS Brands' subsidiaries are the franchisors and operators of more than 2,200 ice cream shoppes, bakeries, restaurants and cafes in the United States, the District of Columbia, Puerto Rico and 38 foreign countries under the brand names Carvel, Cinnabon, Schlotzsky's, Moe's Southwest Grill and Seattle's Best Coffee. With the addition of Auntie Anne's, FOCUS Brands will have six franchise brands generating more than $1.4 billion in annual system-wide revenues through more than 45,000 points of distribution in 47 states and 42 countries.

"This world-renowned brand has been recognized repeatedly for offering a solid and rewarding business model for both their franchisees and their guests," says Russ Umphenour, CEO of FOCUS Brands. "Auntie Anne's commitment to excellence plays perfectly into FOCUS Brands' purpose to 'make people happy.'"

Auntie Anne's President and Chief Operating Officer Bill Dunn adds, "Auntie Anne's prides itself on offering high-quality products, efficient operations and people-focused philosophies. FOCUS Brands' mission and vision complements Auntie Anne's 22-year-old founding principles, and we look forward to working together to grow our brand and continue offering the fresh pretzel products and signature beverages that our guests have come to know and love."

Auntie Anne's represents Roark Capital's 19th franchise investment and 8th investment in the restaurant industry. Other Roark franchise companies include brands such as Batteries Plus, Fast Signs, McAlister's Deli, Money Mailer, Pet Valu, Primrose Schools and Wingstop.

Neal Aronson, Managing Partner of Roark Capital, says, "Auntie Anne's is a wonderful company with a great history. We are pleased to bring together these two highly-respected franchise organizations."

About Roark Capital Group
Roark Capital Group is an Atlanta-based private equity firm that specializes in business and consumer service companies with attractive growth prospects and revenues ranging from $20 million to $1billion. Roark focuses on middle-market investment opportunities through family-owned business transfers, management/corporate buyouts, recapitalizations, going-private transactions and corporate divestitures. Specific areas of focus include franchise, food and restaurants, marketing services, environmental services and business services. Roark has acquired 19 franchise/multi-unit brands that collectively have approximately 3,300 franchisees and $4.5 billion in system-wide revenues across 50 states and 43 countries. The firm has more than $1.5 billion of equity capital under management. For more information, please visit www.roarkcapital.com.

About FOCUS Brands Inc.
FOCUS Brands' subsidiaries are the franchisors and operators of more than 2,200 ice cream shoppes, bakeries, restaurants and cafes under the brand names Carvel, Cinnabon, Schlotzsky's, Moe's Southwest Grill and Seattle's Best Coffee. Based in Atlanta, the primary objective of FOCUS Brands is to "FOCUS on making people happy." Please visit www.focusbrands.com to learn more.

About Auntie Anne's, Inc.
Auntie Anne's is the world's largest hand-rolled soft pretzels franchise known for mixing, twisting, and baking pretzel products to golden brown perfection in full view of customers. With a variety of snack and meal options for people on-the-go, Auntie Anne's offers a "Pretzel Perfect Guarantee" which simply states, "We guarantee you'll love your pretzel or we'll replace it with one that you do." Please visit http://www.auntieannes.com to learn more.

[bampabruce]

Win a Camero..http://vimeo.com/14409152

[bampabruce]

Just watched the new ad for Schlotzky's BUNZQ(franchise sandwich locations)on our local NBC channel. Might just be the next huge play of the "Q's.

[bampabruce]

It would be nice to update the ibox as Schlotzky's actually is a subsidiary of Focus Brands which is a large conglomerate. One can check this out @ www.schlotzky's.com or google Focus Brands.

[bampabruce]

Just watched a new ad for Schlotzky's on our local FOX channel.
Very nice ad. May account for the recent action.

[josman]

Schlotzsky’s bringing six restaurants to Dallas-Fort Worth



http://www.examiner.com/x-22772-Dallas-Small-Business-Examiner~y2010m5d12-Schlotzskys-bringing-six-restaurants-to-DallasFort-Worth

[josman]

5/6/10 N. Texas developers to create six upscale Schlotzsky’s





http://dallas.bizjournals.com/dallas/stories/2010/05/03/daily44.html

[josman]

$$$Schlotzsky’s targets Oklahoma for Cinnabon-linked expansion
SIX STORES ARE PLANNED IN OKLAHOMA CITY AND ONE IS UNDER WAY IN TULSA!!!!

http://newsok.com/schlotzskys-targets-oklahoma-for-cinnabon-linked-expansion/article/3457864

[mkinhaw]

Thats what I said, nice trading
MK

[mkinhaw]

From last 8K all shares cxld

Because the Plan does not provide for payment in full of all unsecured claims, all equity interests in SI Restructuring, Inc., including its stock, are cancelled under the Plan.


MK

[mkinhaw]

So, this is owned by Focus brands
nice trading nevertheless

MK

[sterlingkuning]

Schlotzsky's Deli was once bankrupt. Now, under new ownership and a new marketing plan, it is poised for its most ambitious expansion effort to date.

It’s been nearly 40 years—many successful, but more recently it’s been a struggle—since Schlotzsky’s Deli opened in Austin, Texas. Now, having grown into an international franchise chain with 350 stores in 35 states and six foreign countries, it’s poised for its largest expansion since emerging from bankruptcy.

Company officials said the company has turned the corner from the woes of the last decade, when the company filed for bankruptcy protection amid embattled leadership and slumping sales. Schlotzsky’s is undergoing a dramatic rejuvenation, which includes making over its stores and continuing a partnership with Cinnabon and Carvel Ice Cream to sell their wares. Along with that, the company is working to rebrand its image through advertising and, most importantly, to double its size to 700 stores in five years.

“About the only thing that hasn’t changed about the brand is our food. That won’t ever change,” Schlotzsky’s president Kelly Roddy said. “Our entire team has worked extremely hard to get us here.”

The catalyst? Company officials and independent food-industry experts point to the acquisition of Schlotzsky’s in late 2006 by Focus Brands Inc., the franchisor and operator of more than 2,200 locations in the United States and 34 foreign countries under the brand names Carvel, Cinnabon, Moe’s Southwest Grill, and Seattle’s Best Coffee. It was the second time that Schlotzsky’s had been sold recently, resulting in a shaky public image that Focus Brands has worked a few years to improve.

“It’s a brand to watch and keep an eye out for,” said Melissa Wilson, a principal at Technomic Inc., a Chicago-based food-research firm. “Schlotzsky’s has been able to keep sales up during the recession, so that says a lot about its potential as the economy starts improving.”

Founded in 1971 by Don and Dolores Dissman, Schlotzsky’s initial menu consisted of one sandwich of mixed meats, cheeses, and black olives, toasted on a freshly made sourdough bun, called “The Original” and based on the muffuletta.

Ten years later, real estate investors John and Jeff Wooley and Gary Bradley bought the company for less than $3 million. In 1982, Bradley split with the Wooleys, who kept Schlotzsky’s. The Wooleys expanded Schlotzsky’s menu, took the company public, and saw the chain peak in 2001 with 759 stores and more than $400 million in sales. But after the company posted losses, Schlotzsky’s board of directors pressured the Wooleys to step down and resign from the board in July 2004.

Schlotzsky’s filed for Chapter 11 bankruptcy protection in August 2004, and its stock was delisted from the Nasdaq. The number of locations fell to 445 when the assets of the company were sold for $28.5 million at auction in December 2004 to Bobby Cox Cos. Inc., which two years later sold the company to Focus Brands. A year after the acquisition, Focus Brands picked Roddy as brand president for Schlotzsky’s, who most recently was director of retail operations for another successful Texas-based chain, H.E. Butt Grocery Co.

Roddy has helped orchestrate a makeover for the restaurant—alluding to the round shape of its famous sandwich, with circular tables, lighting structures, and general decor—that’s under way across the country, with plans to have all existing restaurants renovated by 2011.

Meanwhile, the brand has launched a campaign with a new slogan, “All 'Round Lotz Better.” Before now, the company has had two major marketing slogans in its history: “Just One Sandwich, It’s That Good” and later, “Funny Name, Serious Sandwich.”

Focus Brands last year also started rolling out Cinnabon Express and Carvel Ice Cream kiosks at 50 Schlotzsky’s stores, and all 50 new franchisees that will open Schlotzsky’s stores in 2010 have requested the co-branded model, Roddy said.

Co-branding is seen as efficient in the industry because it enables cohabiting chains to save on construction and overhead costs by sharing a location. It’s nothing new in the restaurant industry. Yum! Brands Inc. has married KFC, Taco Bell, and Pizza Hut—and separately, A&W Restaurants with Long John Silvers’—for years. But Wilson points out that Cinnabon and Carvel’s dessert items complement Schlotzsky’s menu, while Pizza Hut and Taco Bell are competing for the same customer’s main meal.

Roddy said Schlotzsky’s is targeting markets in Texas and untapped markets such as Atlanta; St. Louis and Kansas City, Missouri; Raleigh and Charlotte, North Carolina; and Florida; as well as markets in Asia.


/////

[db7]

nice!

[Zardiw]

If he says this can be revived, I may have somebody that wants to go public that could use it......z

[Zardiw]

Up 100% so far today......et z

[db7]

interesting! thanks for the heads up.. stocker needs to move some of his other ones that i already own lol

[Zardiw]

Talked with Stocker, and sent him the info on this. If it can be revived then this is a viable clean shell!!.....z

[rocketrice]

Big jump today

[GoldSilverMines]

BANKRUPT STOCKS.........

Just a friendly warning, that this is probably a "PUMP & DUMP"
scam of some kind.

A company's securities may continue to trade even after the
company has filed for bankruptcy under Chapter 11. In most
instances, companies that file under Chapter 11 of the
Bankruptcy Code are generally unable to meet the listing
standards to continue to trade on Nasdaq or the New York Stock
Exchange. However, even when a company is delisted from one of
these major stock exchanges, their shares may continue to trade
on either the OTCBB or the Pink Sheets. There is no federal law
that prohibits trading of securities of companies in
bankruptcy.

There is no law that says an investor can't buy, or pay what-
ever he wants, for a piece of paper representing a defunct
company, which is now only suitable for framing.

Note: Investors should be cautious when buying common stock of
companies in Chapter 11 bankruptcy. It is extremely risky and
is likely to lead to financial loss. Although a company may
emerge from bankruptcy as a viable entity, generally, the
creditors and the bondholders become the new owners of the
shares. In most instances, the company's plan of reorganization
will cancel the existing equity shares. This happens in
bankruptcy cases because secured and unsecured creditors are
paid from the company's assets before common stockholders.


If the company does come out of bankruptcy, there may be two
different types of common stock, with different ticker symbols,
trading for the same company. One is the old common stock (the
stock that was on the market when the company went into
bankruptcy), and the second is the new common stock that the
company issued as part of its reorganization plan.

If the old common stock is traded on the OTCBB or on the Pink
Sheets, it will have a five-letter ticker symbol that ends
in "Q," indicating that the stock was involved with bankruptcy
proceedings. This stock is most likely worthless, and is only
trading as a way for past owners to recoup some of their losses
by "passing the paper" to some other sucker.

It is like buying an antique; it appears to have value, but,
in reality, has no value since there are no legal claims on
company assets.

The ticker symbol for the new common stock will not end in "Q".
Sometimes the new stock may not have been issued by the
company, although it has been authorized. In that situation,
the stock is said to be trading "when issued," which is
shorthand for "when, as, and if issued." The ticker symbol of
stock that is trading "when issued" will end with a "V". Once
the company actually issues the newly authorized stock, the
"V" will no longer appear at the end of the ticker symbol.

Be sure you know which shares you are purchasing, because the
old shares that were issued before the company filed for
bankruptcy may be worthless if the company has emerged from
bankruptcy and has issued new common stock.

[sidedraft]

Boy this stuff sure trades funny. I had a limit order this morning for .026, and they filled me at .022, and at the same time dropped the ask to .022!

[swenglish]

was out almost all day yesterday. how was it? buys vs sells i mean. chart looks yummy.

[r7315]

Looked like buying in the morning. We'll see what Monday brings.

[swenglish]

from my crappy free L2 looks like all sells. or are they mirroring buys?

[r7315]

More volume today.

[swenglish]

or are they all bidwhackers? this would be up 100% or more already today if those were buys at the ask.

[Zardiw]

Thanks!....Like I said earlier, CLEAN shells are scarce, and worth major ducats....z

[swenglish]

those 43k today (already) all sells?

[db7]

hi zardiw, from the ibox, "A corporate RE-takeover of a bankrupt shell could be something that has never happened before. "

if i'm reading that correctly i don't think it's correct..

tdrpQ was recently r/m'd with a company and is now DGIF

[Zardiw]

Really!...Reason it moves so good is shares are scarce....z

[swenglish]

it seems like any trade on this, 100 shares even, bounces the bid/ask around. tell all your friends to buy $40 lots through the day and we'll creep on up. lol

[moneytimeisback1]

Check out ZTRD Looks like a shell Play

[sidedraft]

Last transaction, 325 shares, to bring price back down?

Looks like someone is trying to get the spotlight off this one.

[Zardiw]

Exactly. There are virtually no shares out there that can be bought.......just look at the ask side on L2........z

[Zardiw]

They could file an 8K, and spin off another company that would RM into a private company, and then start actively trading again!!.....this is a REAL possibility for BUNZQ folks.........z

[Zardiw]

Got some more info (see below). Also, I'm going to talk to another shell guy.....z

[Zardiw]

VERY interesting info: I talked to my shell guy, and he says that this company could be bought for possibly only $50K. All that is required is for somebody to make them an offer, and if accepted, this baby is LIVE again....

SO, is that what's happening here? Are they going to revive this puppy? Demand for shells is strong, and this one is just laying there waiting for somebody to pick it up...........food for thought.......z

[Zardiw]

BUNZQ is in the same situation as DEXTQ.....et z

[Zardiw]

Well as we all know these shares were 'cancelled' due to the bankruptcy. SO, the MM's have been selling us cancelled shares, which I believe they will have to buy back, cause they're on the hook for them........who knows where this thing could go.........z

[swenglish]

cool, lettuce (yeah, lame i know) know what you find out.

[Zardiw]

I've got a call in to the attorneys. Gonna find out what is up......z

[Zardiw]

5K block takes out an entire market maker...lol...et z