Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Biden pulled the plug on shells. No confidence in going public. If my Company was a money maker, I wouldn’t go public today.
Even the Green new Deal has been exposed and DOA. It can’t even become the flavor of the month plays. EVs and solar panels are back ground noise.
AI and commodities will be strong. And war.
Ya wonder why only Chinese are going into Synergy shells?
RIBS was a big let down. EVCI is a better long shot with that $61m coming in. No float too. Like RIBS no shares given up on the BID.
Good lord who could live on that! Lol thanks for the link O’
I understand that was actually a good bet … I’m gonna load my account on Friday to grab some here… what the hell… I’m buried in synergy plays.., come on Ben turn it up!!!!
Sorry, I took the 3:1 Vegas set on Trump getting arrested yesterday. Lost my $3k mad money. Damn bitches have no balls to do what they say.
Gotta wait a few weeks till pay day.
I’m sticking with Nat gas plays.
Why worry about something that just doesn't matter. The link is from Notes Live Inc. ...they are hiring/hired a Corporate Financial Writer that has knowledge of SEC filings etc. They are still planning to IPO this year.
Try this google cache:
https://www.google.com/search?q=notes+live+inc+jobs&client=firefox-b-1-d&ei=a5kbZNztC7Wg5NoPvpueuAY&uact=5&oq=notes+live+inc+jobs&gs_lcp=Cgxnd3Mtd2l6LXNlcnAQAzIFCCEQoAEyBQghEKsCMgUIIRCSAzIFCCEQkgMyBQghEJIDMgUIIRCSAzIFCCEQkgM6CggAEEcQ1gQQsAM6BggAEBYQHjoICCEQFhAeEB1KBAhBGABQ9RZY2x9guiFoA3ABeACAAYUBiAHiBJIBAzEuNJgBAKABAcgBCMABAQ&sclient=gws-wiz-serp&ibp=htl;jobs&sa=X&ved=2ahUKEwjM3d2Q4vD9AhVpKlkFHTnzC9IQkd0GegQIFhAB#fpstate=tldetail&htivrt=jobs&htiq=notes+live+inc+jobs&htidocid=Rg5TtJsGUPcAAAAAAAAAAA%3D%3D
There is no control block and the real owners are still JW Roth(42 million commons) and kids(456,068 preferred @ 25 votes per)et al through share ownership. That amount equals almost 54 million commons.
I have no understanding why said individuals would not want to use something that is already in place and instead do an IPO at a much larger cost. But...maybe they don't care.
https://noteslive.vip/invest/pre-ipo/
Might be worth a gamble to jump in? Lol
Link was weird >>> please tell why not worry?? Tia
It has definitely changed.
I swear, the SEC is in the back pocket of Naz and NYSE. Theve always wanted to kill the OTC. They want all those $Billions on the big boards. A lot of the rules are justified to weed out the scams, but your also killing off The R/M sector. Who would want to take their private money maker public today.
R/M have dried up big time. Only Chinese companies are going public. God help us.
https://www.otcmarkets.com/files/PQE%20Shells.pdf
No one at the helm driving this thing.
Who will keep filings current?
Year end is due 4/12 or so.
It’s still a shell.
This gets kicked down to the EM, I’m not sure there is anyone to dig it out.
The new rule kicks in on the 28th. You won’t know the spread size. It will show the minimum size, but could be anything.
That’s nothing if they can’t get current.
At a bare bone minimum, this needs a 10K-NT next month. Who’s gonna even do that?
That's why you never knee jerk on news or filings :)
You're welcome. Yeah it was weird the day it happened. Definitely caused confusion. The stock went from .02's to .06's and then all the way back down after that clarification tweet. I felt pretty bad for the people who bought
That makes it better. Thanks for that. Didn't realize that name was popular.
That's a different Switchback, not related to $RIBS
On $RIBS I was just informed by Ross Dimaggio that his company Switchback Capital is not the same company some are referencing on twitter that made a restaurant acquisition. I was also told I incorrectly linked the wrong linkedin company. Sorry for any confusion.
— Synergy Management (@synergymgtgroup) January 13, 2022
Yeah..the SEC loves to confuse in it's wording. Of course, that is how all law is written. That enables an argument..and why such is. Also..lol...why there are so many extensions on proposals. In a nutshell...the law loves "cluster fks'".... lol
I have no idea that is why I am asking - thanks
splintered sunlight ...I can not post privately so I'll leave this here hoping you read it. Regarding this.... "Do you know anything about how the new 15C-211 rules work?"
I was under the impression that such was delayed for another two years as of December 2022. Hope this helps...if I am wrong..let me know.
Oh..just in case someone calls me out for playing a non-reporting OTC quoted security...this is the third..or 4th one "tops" ever since Windows ME was introduced. And second one within 8 years. Why?..because they are typically always shite'. Blah..blah...blah
Once in a while, a good one can pop up though :) ...and out of the ones I have played...this one looks like it is not shite'..which will be a first.
The form D via Notes Live..and no, I am not suggesting this is the given target..and no, that is not how the OTC venue plays ...and no, nothing is a given..eh? What it is ..is a bird dog for a future play that plans on doing an IPO this year..at least..was. Notice what states are being solicited. I think they are holding off until they get all lined up. The States are important though:
https://www.sec.gov/Archives/edgar/data/1770501/000107997322000638/xslFormDX01/primary_doc.xml
I would suggest that the meat is already on the bone. Now, it's time to fire up the grill. Later...time to eat. :)
RIBS starting to get meat on the bones
Just don't understand why anyone would dump shares now and at this level...especially given these two important items:
1). The Smokey Mo's Texas acquisition by Switchback last year(Ross Dimaggio)
https://smokeymosbbq.com/franchising-news/smokey-mos-new-owner-switchback-capital-plots-growth-push/
2). The pre-IPO of Notes Live Inc(Roth family et al)..which is still being targeted as of November(via linked-in):
And knowing this(guess they don't know)...
RIBS getting some ask slaps will move very quickly with 8Ks/PRs
I need to rephrase this.......
authorized @ 125,000,000
outstanding @ 97,554,634
restricted @ 71,966,836
Current CEO et al/Director is Ross Dimaggio seen as custodian
Share ownership(known)
JW Roth @ 41,315,203 common shares
Mitch Roth @ 228,034 preferred A with 25x voting power which is 5,700,850
younger sister @ 228,034 preferred A with 25x voting power which is 5,700,850
Total voting @ 52,915,203 via Roth family.
suit liability judgement to JW Roth(Bourbon #14) is $2,089,517
I'll just leave out the rest of the restricted for now. ... doesn't really matter. So no matter where this goes..they have a say. If they so choose that is...
The "Company" is Notes Live Inc. Again, refer to Colorado SOS.
Follow the name changes..
Follow the money
Forget about the nonsense..forget about Synergy...forget about the special preferred.
It's a shell controlled by JW Roth.
That's it.
That's all that matters.
Refer to the Colorado SoS.
Not sure what you mean by the DiMaggio show.
Of course Notes Live Inc is a separate company
The current owner of this shell is JW Roth with over 42% held in common shares and 456,078 in preferred(last sec filing-2 holders of such).
The CEO is DiMaggio
The principle address of Company is @ Nason Yeager Law Firm
The Company Counsel is https://nasonyeager.com/attorneys/harris/
The accountant under contract is David Unger
And to answer this..:
How is any of this related to the RIBS shell?
Notes Live is a separate Company. And WOW! Why would Roth give a moments thought about the RIBS shell drama especially after the DiMaggio show?
The way I read it, Pre IPO means they are trying to raise investment Capital then do an IPO down the road. I dont see the stock ticker they are going to float that boat in.
If it’s going to be RIBS, then Notes Live is going to have to do a R/M into the shell.
I need to dig into this further.
And a word of caution...nothing ever goes as planned when speculating. "Too good to be true" is always plausible..and mostly a given in any OTC venue and beyond...every market..eh?
But .... maybe get lucky :)
or ..not as lucky...but still win.
Please excuse my spelling of a couple of words..."some" should be "sum" and "one" should be "won"..lol.
And to some up in a short brief...:
The Company converted their llc status in April of 2022 to incorporated..and the last amendment in October of 2022 was this:
Said Company has been very busy the past two years:
https://boropulse.com/2022/08/council-approves-notes-live-amphitheater-project-with-development-agreement-for-sunset-colosseum-bourbon-brothers-smokehouse-boot-barn-hall/
https://whatnowatlanta.com/new-music-venue-campus-planned-for-gainesville/
https://www.denverpost.com/2023/01/19/colorado-springs-sunset-amphitheater-approved-40-million-dollar-approved/
https://www.wsj.com/articles/first-came-the-urban-transplants-now-come-the-concerts-11658664001?utm_source=Notes%20Live%20Investors&utm_campaign=dcfb0f7207-EMAIL_CAMPAIGN_2022_07_25_10_29&utm_medium=email&utm_term=0_e4c9439c89-dcfb0f7207-393490096
Just to make sure we are on the same page :
You are aware that Roth Premium Foods is the 3rd largest prepared food company in the US..correct?
And that you are also aware how individuals approached and convinced him to build a restaurant and lease it it to them..correct?
And they went broke...and eventually Bourbon Brothers 14 sued the holding Company and one in 2018....correct?
And such is expressed as "other liability/long term liability"...shown as an operating expense ..correct?
And this Company went dark on 03/31/2017.
But are you aware of the other Company formed on 3/17/2017? It would be the one that the cats folded on and Roth consumed in Colorado with the name Bourbon Brothers Restaurants ,Llc. It's gone through several name changes since then to end up with the final amendment on 10/25/2022.
If not...I'm going to show you in several minutes :)
I think there are some things I need to show you. I have been staying quiet about it for some time.
They tapped Synergy twice to help with this shell.
They went their own direction and look what they got.
My gut tells me Roth is going to step back and not get involved with this drama. They could reap most after the legal battles are over.
Roth was willing to give up control snd the settlement amount to sell the shell. They must have gotten what they wanted or the deal with DiMagio would not have gone through.
Why DiMagio questioned the Preferred shares is a mystery to me. Then he legally canceled them back into treasury as his last act as CEO/King of Ribs. He bailed ship. All he has is a claim about buying questionable P-shares for control. His claim to make. It’s like a catch 22. If the P-shares were not legally created, then he never had the authority to cancel them.
I’d assume he wants to get repaid by synergy.
Roth never gave up his stack of restricted shares that I find odd. That should have been what consummated the future R/M. DiMagio never put a new company in to create a R/M. Roth must be laughing his ass off.
The next filing will be interesting. No one at the wheel to file it. I thought Roth was a restaurant guy not a public CEO type? I’m thinking there wont be a next filing.
I might hit Ben up as to what is coming down the tracks on this. I’d love to get a date when RIBS goes Pink Limited. Writing in the wall then. Last chance to get in.
Not sure I would agree with that. Seems more like someone has not payed attention to what has been going on.
Just curious ... "We all know Roth ain’t t going to do anything with this shell. It’s way over his pay grade."
How do you mean? .... or do you mean his son?
So hard to say.
The shell sat for years dead with a $1.8m settlement judgement hanging over its head. There is no pressing business or employees. It can sit again. That’s my fear.
Ben was asked and came in here twice to clean it up. The first time was an insult to him. Shows the type of guy Ben is to even consider to come back the second time.
I assume the debt was negotiated away along with the restructuring of control to DiMagio.
Then DiMagio destroyed his control and threw the shell back to the legacy share holder for control. Talk about a gift?
It’s like you sell your old convertible jag to a used car lot for cash. Then it’s sold to another who drives to your house and gives you the car back.
Makes no sense.
In my opinion DiMagio created a legal battle that can go on for years. DiMagio is a money trust kid. Ben is a team of SEC savvy lawyers.
Ben got what he wanted. I can see him stalling any claim just to avoid the effort to deal with it.
It’s why the next filing is so important. Who is going to do it?
Ben won’t
Roth won’t
DiMagio destroyed his control and responsibility. Can he legally put his name on anything RIBS related? What lawyer is going to sign their name to the needy Atty letter to validate any filing going forward??
It’s wild as hell. Low float, awesome Ticker symbol. Most fascinating shell story I’ve ever witnessed.
My gut says, if no filing, it will get delisted and then there is a major hurdle to over come.
I’m not sure what DiMagio paid to become king of RIBS. I’d assume that will be the claim in court. If DiMagio is handed a bag of coal by the judge, it ends there. Roth is king. Again! LOL
And, Ben could meet this head on. We just need to see. I know Ben still owned shares and likes to cut his loses to save time. I can see him try to work something out.
But then again, who destroys their control block of Preferred shares? Who is giving DiMagio his securities legal advise? His real estate Atty? His Trust lawyer? Those are the bottom feeders.
I know this much. SEC lawyers are impossible to find. 98% of lawyers have no clue how the SEC works. I’ve got tons of smart lawyers and most say they are not smart enough to dive into that pool.
It’s why with every new R/M, one must watch filings very close. Do the new guys have the ability to keep it current and viable? New rules was the reason for Sept28 2020. These shells get current or they are sent down to purgatory.
I’ve seen people buy new boats and jets then have no clue how to unlock the doors.
DiMagio had to have some sort of vision for RIBS. I wish he shared that with us shareholders. Looks to me he had a beginning and end game, but no ideas how to bridge the two.
Love, Frenchies… Had one myself till the x took it away>>>:(
Do you think ribs is gonna go sink as low as .002 wow
I got two French bulldogs that love a good bone.
They are easy to please.
I need .002 to even look at this again. I’m sure the next filing will be out before that.
These RIBS suck - 46% less meat on them than Friday.
And here wasn't much meat on them on Friday........
A sub penny Ask says it all.
I’ll check back middle of Summer.
Interesting action… will synergy surprise us?
Think our Big Seller is finally getting some strength to dump into. Kudos to them for being patience.
Someone is looking to unload on no news. 230,867 shares on the ASK. About to get real cheap if owner decides to dump.
Rainy Saturday with my morning coffee. I had to take a look at old RIBS.
I still think DiMaggio is the biggest knee jerk on the OTC. He really chit the bed over control. However, I’m sure the default control guy doesn’t care what he does at this time. We all know Roth ain’t t going to do anything with this shell. It’s way over his pay grade.
I read your concern over march 28th. I think that is not an issue. That was Sept 28 to become current on filings or a “shell” would be placed on the expert Market. By March 28th the shell would be removed down to the grey sheets.
RIBS is fully current. It’s just a shell looking for a story in a sea full of other shells. RIBS is solid so long as it keeps filing current.
I’m sure the year end will look like the last Q report. It will need an Atty letter and that might give some insight. I think it will not be the Atty Synergy used. That cost $$$. Who’s footing the bill to keep this current is my biggest concern.
EVCI got a control change. I was in two last year. Since Biden, no one is going public. Confidence has been crushed. Maybe this new Congress will bring back American expansion.
The Fed wants to destroy the economy to kill inflation while our government prints 40% of the money supply in a single year. How can we not have inflation for a decade? Bizarr-o world out there. All their tools to fight inflation is the cause of inflation. Insanity
This shell will always confuse me.
I’m impressed it’s stayed above sub penny.
Nice work on the DD.
David Unger, accountant / auditor / large shareholder of $RIBS, is posting about a potential third reverse merger. $ACRU was the first and $RIBS will be the 2nd. The significance and obvious implication of this post is that they (DiMaggio and Unger) have already found the company for the reverse merger of the $RIBS ticker. That's bully. It'll be radio silence until the company is announced. If one doesn't have a position, or a full position, now is an excellent time to accumulate. Stock has been basically dead in the water for months now.
Did some more digging on Ross DiMaggio. Followed his LinkedIn activity (internet stalking!) and saw he liked a post by David Unger. Having just perused the filings, I recognized his name as the accountant for $RIBS. Below is the very relevant post Ross liked.
I called David Unger and spoke with him. Asked if he could give a hint on the future company to be rolled into the ticker. He said no. Lol. No "inside baseball" info for me.
Kind of an interesting play. For companies of a certain size (not too big and not too small), they can avoid the tediousness of an IPO with a reverse merger. They did it with $ACRU in 2021, which is where Ross DiMaggio is the CFO.
David Unger is aware of the 18-month deadline (around March 28, 2023) for shell companies. He suspects if they've declared and are in process of the RM, the Powers That Be will be lenient. I tend to agree. Everything I'm hearing is it won't be banishment to the Expert / Grey Markets for shells that don't meet the deadline, with the stipulation of as long as the ticker remains current.
Current share structure stats are 125M authorized (probably going way up), 97.5M shares outstanding, 25.5M shares unrestricted, and a market cap around $1.3M, which is a bit pricy for a shell but nothing too egregious.
So the future value of $RIBS, as it always has, comes down to what company gets rolled into it. But we know It has a couple of educated gentlemen at the lead, who are currently working on it, and who've already successfully been through the process once (2021). I think that bodes well for the potential future success of this ticker.
David Unger profile from his website for New Hope Capital.
Filings are current.
Ross DiMaggio is still in control. I guess he will remain.
Shell Status ends March 28th, 2023 (probably) but doesn't mean automatic banishment to the Expert Market, if $RIBS is current.
I’ve been pretty quiet these last few months but also hard at work. I’ll share more before too long, but in the meantime, here’s some clarity on the “shell rule” from several conversations with OTCM compliance people within the last month. pic.twitter.com/hS9yt3ux0I
— Suits & Stocks (@Suits_n_stocks) November 16, 2022
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |