Southern Concepts Restaurant Group Inc (RIBS)

[Gnarlyman]

Annual out, issues with SOS Preferred shares it seems.

https://www.otcmarkets.com/financialReportViewer?symbol=RIBS&id=327352

[Gnarlyman]

OTC Update.

?? $RIBS

??0.0170
Pink Limited, AS: 125M, OS: 97M, US: 25M

Officer(s) Updated:
?? Michael Harris, Other
?? Michael Harris, Counsel


Chart, OTC Profile, Twitter, @otcupdates

Update: 2022-04-11 16:51:14 (UTC)

[fink]

No he did not.
Ben wanted another entity to come in.
The shell was sold out from under Synergy.
Roth who held the debt in this, sold the debt to thisDiMagio guy and forced Ben to relinquish the block of restricted shares.
All Ben is today a 750k common shares holder.
Ben is pissed too.

RIBS had been a long drawn out finger f’k buy the old control guys.

I just hope Synergy got paid for cleaning the shell up.
It would not surprise me if DiMaggio rehire Ben to get the next filing out.

[cruecu]

Ben sold it to this piece of shit. Par for the course

[splintered sunlight]

Seriously

[fink]

90 days after the end of the year is over.

Now how long can they sit as Limited? 30-45 days? I’m not sure. We will see May 1st.
No NT statement either.,
This buffoon that got control is about to see this go subpenny.
By May 15th, I’m dumping and rolling what funds into something else.

This DiMaggio guy is an insult to his grand dad.
Call in the relief pitcher. Ben will get the year end done.
It has to be exactly like the last without the debt.

[fink]

RIBS 25.5m Float

[splintered sunlight]

I agree

[AliasUser1]

I'm not sure. Having the Shell designation could keep it from going expert market for a while I think. They'll probably get the filings updated soon imo. Doubt he bought the shell to just let it go dark.

[splintered sunlight]

How long before they go to Expert Market?

Thanks

[AliasUser1]

$RIBS no longer pink current https://www.otcmarkets.com/stock/RIBS/disclosure

[Gnarlyman]

Well they have until 5/31 I think to stay Active, per SOS, maybe they will take care of it by then.

[NewJerichoMan]

Lovely.

[Gnarlyman]

Colorado SOS status is now Non-compliant. Annual report was missed, ol’ Ross D failed this far.

[fink]

I’m sure all they are care about is to getting the 10k out these days.
They bought the shell, now let’s see if they know what to do with it.

[bigbux1]

That's a few slabs of ribs,lol

[cruecu]

89 dollars

[bigbux1]

Looks like there's some life in these bones. up 16%

[fink]

Crush them bones up into powder and feed your tulips.

[splintered sunlight]

It's at least we can do for all the money lost here.

[bigbux1]

Meatless ribs, maybe we can still make some broth.

[splintered sunlight]

There is no meat of those RIBS.

I am becoming an empty bag holder of RIBS!!!!!!

[fink]

We need DiMaggio to read it.

[jelaco]

What's the 2m liability in their 10q? - An old settlement?

[NewJerichoMan]

I read it. You read it. Exponential explosion. Just need the rest of the internet to read it now and we'll be on our way.

[fink]

WOW! I read it too…..



Just now.

[NewJerichoMan]

I like that rumor. Lol.

[bigbux1]

Rumor has it RIBS is R/M into a huge oil conglomerate. Of course, I started the rumor, lol

[fink]

Look at BDCM. I got all of those today.
Who does that chit?

Trying to piss off BID sitters to slap the Ask.
Won’t fall for it.,

[dshade]

Now THAT was a vol day for the books

[splintered sunlight]

Whoever does it, feel free to take out the .0228 as well.

[fink]

It’s crazy not to take out that Ask order @ .0227
Tempting

[Gnarlyman]

At the very least we should see some sort of SOS filing with Colorado by 3/31/2022 since that is when the periodic report is due. Hope something happens before then however and custody transfer is still needed, Haven't looked for the court records to see if that is scheduled. $RIBS

[fink]

Mr. Harris represents hedge funds and high net worth investors in connection with investments in public and private companies

[Gnarlyman]

Yeah, Harris seems to specialize in setting up various types of business transactions.

[bigbux1]

Interesting, from his bio, 'preparation of documentation relating to private placements'

[fink]

I see it now.
Guess we will know when we find out the true identity of Switchback.

I’ve been thinking DiMaggio has a big fish on the hook he’s been contracted to take public. Much like the shell Trump went public in for Truth Social.

I don’t think DiMaggio has anything you can call an active business. He’s more of aSy eegi type of guy making a deal work.

[Gnarlyman]

Michael Harris was added 01/25/2022 in the last OTC profile update. He is new there.

[fink]

I thought this was held by the DiMaggio guy.
First I’ve herd of Michael Harris.
All I know, the old legal debt settlement was absorbed snd belongs to DiMaggio. DiMaggio got all of those Synergy Preferrd shares in the deal with Roth’s restricted shares. You can remove those from the market cap.
Ben still holds his commons probably looking for a good run to make his exit. Unless something solid is going to come in here.
I still hold a .035 average on 100k shares. I’ll continue to average down, but it’s got to kiss below .0175 to make it worth it to me. $3k is my risk limit till something updates. And I mean something more than the 10k and a foot note in the Subsequent Events.

Throw us shareholders a cold rib bone.

I’d hit Ben up for info, but know he knows nothing and in the same boat as us.
I’ve got to wonder if the candidate he wanted to bring into RIBS is the same guys he’s got looking at HENI

I’m also thinking about bailing in here if HENI would ever tank below .20 on the Ask.

I’m not too sure about DiMaggio sitting on this. Till then, I’m waiting on the 10K for info.,

[Gnarlyman]

OK, I gave it another go using another search angle and I think this is the dude since the Law Firm he works for shares the same exact office address as the OTC Profile. Dudes got some nice creds though and is only marked "Other" on OTC. Probably just helping with the Merger.

3001 PGA Blvd.
Suite 305
Palm Beach Gardens, FL 33410

https://nasonyeager.com/attorneys/harris/

I'll keep digging, I enjoy the research.

[Gnarlyman]

And I meant Michael Harris. Anyone find a thread I can pull on?

[Gnarlyman]

Sorry Fink, dude might as well be a ghost as unsuccessful as my search has been.

[fink]

Your DD skills put mine to shame.
I was counting on you.

We need to get Dog the bounty Hunter excited about synergy plays.,

[Gnarlyman]

Anyone find any DD on Scott Harris? Been digging and came up dry.

[splintered sunlight]

LOL

Sounds good!

[fink]

I’m lucky, mine makes her own money. Good money too.
So I can’t say squat about her spending.
Shes Like a damn teenager, I pay the bills and let her shit get maxed out and denied. LOL

[splintered sunlight]

You can have my wife if you can afford her........

[fink]

Amen to that.
All my credit cards are due today online. Wife has maxed two of hers out. The bitch!

[splintered sunlight]

No - I forgot about it.

Good for you.

I am struggling a little right now.....

[fink]

That’s what ya call front loading on the sly.

You see CMOT