Southern Concepts Restaurant Group Inc (RIBS)

[NewJerichoMan]

Thanks. To quote the late, great Yogi Berra, it's getting late, early. March 2023 is when the clock strikes 12 on this shell and that's just around the corner. Figure no rational person lets that happen without one helluva fight.

[Gnarlyman]

Nope, not since Ross DiMaggio gave back all the control to the previous owners And had the shares Ben made cancelled. I’m sure they’ll P&D it sooner or later. GLTU

[NewJerichoMan]

Hear anything new on this one? Share price probably can't get lower... unless it's going to zero. Decent spot to start a new position I think.

[NewJerichoMan]

40K shares shook loose. At least 50K more still available out there. I didn't catch any today.

[NewJerichoMan]

It's starting to get late, early.

Shell status has to do something by March 2023. I think a lot of shells are going to go binary here: significant spike or go to (effectively) zero.

Smelly some itchy trigger fingers on the ASK this morn. Gonna try and catch a few shares.

[OOO1]

Sorry rookie mistake - Stocktwits had a glitch showing down 84% AH - would think I’d be used to that by now….

[cruecu]

There were zero trades here today

[OOO1]

Why the huge dump today? Down 84%?

[bigbux1]

Turning the burners on the grill back on?

[nsomniyak]

Good - hope we see more developments indicating they are getting their house in order.

[threewheeler]

https://t.me/otcupdates/32594 Transfer Agent is now Verified

[nsomniyak]

Yes - RIBS back to pink current today

[threewheeler]

https://t.me/otcupdates/32451

[NewJerichoMan]

Any signs of life out there with this turd?

[fink]

Yield sign today.
No one at the helm in here.

[NewJerichoMan]

100K share BID out there. Most action we've seen in while.

[fink]

WTF? Over.

Q report should be out this month. Sometime? Maybe we get a hint of what the plan is.
Oddest shell I’ve ever owned. Who buys a shell then throws control away?
It would not surprise me if Roth pulls a massive R/S. Clearly he has no clue what to do with this shell. It’s why he tapped Synergy. Then this DiMagio character adds another layer of incompetence. Clearly this shell has no plan.

Let’s see if they will at a minimum keep it current.

[bigbux1]

Little action this morning, maybe some meat on the grill?

[fink]

What about the settlement debt? $2m
I thought that was negotiated away when DiMagio bought the Preferred block of shares?

Roth back to square one and Ben has the cash? I highly doubt he gives it back. Why Dimagio canceled his share is on him.

Looks to me, he gave Control back to the restricted share holders.

I doubt they have a leg to stand on to get cash out of Synergy.

I see this going to court and no one wins for years. Who would park their Company in here now?
Another WN&FT legal quagmire

[Gnarlyman]

Yeah.

[i_like_bb_stock]

guess well see

[Gnarlyman]

Funny, I made the same hmm when I saw it pop on filingre. The last OTC filing said there was a problem with how Ben went about creating those shares, so who knows what the real deal is.

[i_like_bb_stock]

probably so

[i_like_bb_stock]

hmm

[bigbux1]

Doe that mean there's something cooking on the grill? lol

[Gnarlyman]

I’m thinking Roth got his company back in some form or another. DiMaggio looks like a proxy now. Seems weird for him to cancel the shares he bought to gain control. Interesting though.

[i_like_bb_stock]

preferred class cancelled https://www.sos.state.co.us/biz/ViewImage.do?masterFileId=20081058152&fileId=20221681536

[threewheeler]

https://t.me/otcupdates/28386

[fink]

I saw that too. 54m to 58m, back down to 54m.
But what I find odd, we see Southern Development that is controlled by Roth, goes from 18m to 21m?

I thought that fat ass sold both his blocks of restricted shares out and long gone?

And what ever happened to that Control block of Preferd shares that caused so much drama?

Just checking back in myself. I guess this does nothing till the P-share drama is rectified

And yes, GS just destroyed his street cred. I took a $6k kick in the nuts. Should have bought 3oz of gold for my safe. When will I learn?

[bigbux1]

Yep, and this is a beautiful clean shell, That bloated pig WNFT R/M fell thru, maybe DiMaggio can R/M with that candidate.

[NewJerichoMan]

18-month grace period for Shells ends March 2023. Time is ticking DiMaggio...

[splintered sunlight]

Not today....

[bigbux1]

Something cooking? Got some volume today.

[bigbux1]

Looks like the only thing that got grilled is us!

[splintered sunlight]

Burnt money.

[goingupnow0]

Yeah ribs…. but unfortunately it’s burnt.

[bigbux1]

Anything on the burner? Can't smell a thing, lol

[NewJerichoMan]

Remember when we thought this was going to be the future?

[fink]

Unregistered shares in the O/S held in paper cert form probably
Got registered with a Broker and now in street name to be sold when this takes off.
I doubt they sell this low.

[Gnarlyman]

Possible.

[50 MIL STRONG]

Thanks for the heads-up! I saw that! Looks to me like the attorney just subtracted the restricted that he listed, from the OS. I would sooner believe the Transfer agent that is being paid to track the share structure! IMO

[Gnarlyman]

Most recent filing says there is 58M in the float.

https://www.otcmarkets.com/otcapi/company/financial-report/327352/content

[50 MIL STRONG]

RIBS: Share Structure
Authorized Shares
125,000,000
04/01/2022
Outstanding Shares
97,554,634
04/01/2022
Restricted
71,966,836
04/01/2022
Unrestricted
25,587,798
04/01/2022
Held at DTC
19,600,086
04/01/2022
Float
25,571,131
07/01/2021

[fink]

The fact that the float went from
25m to 58m, it’s going to take more than some continued confusion to ever see this back above .03

It sucks today big time.
The only good, we are on the floor. CEO needs to give retail a reason to buy and hold this.

I was about to slap $600 into those .022s, but why? Could be another 3 months of crickets. Why add a larger ship when you can’t even get into port to unload? Stuck at sea today.

My average is still .0345, so I got tons of room to slam on any news.
Im looking for .015 again.

[Gnarlyman]

No one is after it after the mixups with which company was actually Switchback. Capital, LLC. Ross still hasn’t removed that connection on his LinkedIn that Ben sent out. Until it’s not sketchy looking why buy.

[splintered sunlight]

YUP

[threewheeler]

they may have zero volume so far today, looks like ask slap or no shares RIBS

[splintered sunlight]

We need the sellers to see this...

[threewheeler]

https://t.me/otcupdates/22412

[splintered sunlight]

By 8 1/2 hours......

LOL