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Looks like the Aug 29 date got pushed back a week.
NO WAY COMMONS CANCELED HERE: Here's why-A 750million dollar Hedge Fund, Wealth Colony has purchased 51 percent of the common shares in a bid to takeover the company and get it out of bankruptcy. So let's see...NO THE COMMONS WILL NOT BE CANCELED...in fact it is in the interest of them to get the share price up as high as possible once it is worked out by the court. SOUP wanted to violate it's own by-laws in order to prevent the takeover, but it looks very much like they are going to get their asses handed to them, based on the Judge's preliminary ruling and the fact that SOUP's lawyer up and walked off the job realizing there is no case. When investors realize this basic fact, that this is the safest Q play they have ever seen, the money will start rolling in big time.
Have to agree, and we know pretty much for sure that the shares are staying intact since the Hedge Fund of Wealth Colony has bought 51 percent of the commons and is a 750 million dollar company. But that other thing will take off, I really believe that.
I think this could get a hell of a lot more exciting if and when the national media picks up the story of the Soup Company from Seinfeld being subject of a hostile takeover in order to save it from bankruptcy. I think there's a lot of people that would want a piece of this action.
Wouldn't that be a really stupid move? Think about it, they're trying to hold onto their 49 percent of the company, if they're dumping, then they're just giving away more of the company. Think about it, and have a good laugh at yourself. If they were smart, they should start buying it up, because from the sounds of it, they're going to need to pay some hefty legal fees to stay out of the Federal Pound you in the Ahole Penitentiary. But then again, they aren't very smart and that's why they're losing everything.
I was chasing a stock one time at EOD, and got my buy in just before the buzzer. My buy ended up showing on IHUB as a T-Trade. I know it's supposed to be mms doing a back and forth thing with each other, but I think the 20k that is showing here is pretty significant as to which direction this is headed. BTW, that 20k buy was not mine. I hold 100k at .017.
The last thing the company should do is let anyone know what the symbol is going to be, for uhmmm obvious reasons until it happens...gotta limit the slander.
I bought heavy here a while back at .0028, haven't averaged down either. I've held throughout the crash, and I'm dimly aware of the dilution situation. Price targets anyone? I originally thought a dime, but those new shares put a damper on that thought. I'd love to see copper.
Perhaps Cosmo Kramer's lawyer Jackie Chiles?
Maybe they can get Kramer's attorney
Ask at 27 cents
Let's also not forget something very basic: This is a classic American Brand. When people see these cans of soup they smile and laugh and remember all of the funny episodes and characters from Seinfeld. SOUP crashed and burned because of very poor management. IMO the guys at Wealth Colony couldn't stand to see what was happening to a great product, so they took action. I've read that Costco sales are through the roof...they have GOLD here. GOLD. This is very valuable.
I bet they have some major distribution deals lined up. Soup aisles in most grocery stores have standard boring choices and we're about 6-8 weeks away from soup season.
Hey Makin- Outstanding News...so we're talking about getting the Q removed here at some point? If so that's HUGE news.
SOUPQ has some STRENGTH! NO ONE CAN DENY THAT, something big is going on here.
Hey sorc yeah I tend to agree with you there. Just the name here has to be worth some major $$$$ to somebody joecrab1@mail.com
Might see a LOT of buys coming in shortly after that epic run on the soup. Q players are always looking for the next one.
Exactly War- When National TV Media picks up this story, and Tilman issues his statements, I can see this ticker going crazy with massive momentum. Why wouldn't he want to capitalize on his own reputation to keep the ball rolling? Anyway Brother, thanks for the feedback, hang tough.
LOL Nice catch. We all know that it is entirely illegal for one person to have two aliases on here, so it must be a coincidence that 2 posters that have the same speech patterns, anger and lack of knowledge show up at just about the same time to issue falsehoods. We all know that IRGTQ has a great chance of LIFTOFF on or shortly after Aug 29th and why that makes some people frightened and angry is hard to imagine LOL. IMO (I'm not a chartist), but I have observed the recent trades and it seems like this is being accumulated for another big run, probably a lot bigger than what we saw a few weeks back. National Television Media coverage has yet to hit this huge story even though the WSJ and FOX Food websites have put out basic stories that outline facts with little or no information coming from Tilman himself. IMO he is waiting until the Aug 29th close date to explain how he is going to return Joe's Crab Shack to its former greatness. (His creation which launched him to billionaire stardom). I do know that one of the units that was shutdown was only for repairs (Daytona Beach FL), and it could possibly end up on an episode of the TV SHOW Billionaire Buyer, to illustrate how Tilman is using innovation to bring his brand back to life. Yes, no one pays 57 million to lease buildings and restaurant equipment, the thought of that is absolutely laughable.
Your nickname must be Sherlock. There is not a knowledgeable investor here that does not know about the shutdown of the poor performers. In fact this is a great thing because it shows cooperation with the old management. And it also shows that Tillman has done his homework, he knows who deserves to be fired. There is a reason why this company went bankrupt and it had nothing to do with Tillman. In order to turn it around it is going to have to cut back down to 60 Tillman is not the one who lead this company into the ground, therefore it should not be his burden to have to fire people who worked under the old management, at least they are doing it themselves, before the deal closes on August 29. But I know what you're trying to do, the stock has been under accumulation for the past several days, and you probably want more shares at a cheaper price, good luck.
Tilman Tweet
Filming for @BillionDollarTV has started again. Today we are in #California visiting a new company. #NoBetterFeelingThan being on location! pic.twitter.com/ti92zJSTYE
— Tilman Fertitta (@TilmanJFertitta) August 23, 2017
There is no language which detaches the LIVE TICKER from the sale of IRGT to Tilman. NONE. The only thing you cite is standard language when IRGTQ was delisted going into Chapter 11, and you are confusing delisting with cancelation. There is no cancelation. It is true that interest in the stock could dwindle to nothing, but given the fact that Tilman Fertitta is in charge, and the media blitz that will follow the close on Aug 29th, I don't think this ticker will suffer very long for lack of interest. YOU JUST BASICALLY SAID IT YOURSELF, The Brick Houses are part of the deal, which means he bought the whole company. If he wasn't interested in them, then why did he buy them? And you say, "which he is going to sell." AS IF THAT IS A BAD THING LMAO...so what?, he's in the business of buying selling and trading, and for all you know maybe he wants to get into the SPORTS BAR AND GRILL space that Buffalo Wild Wings seems to dominate nationwide at the moment with a pps of BWLD of around 105 a share.
Yes. Even though the price is 57 million, there is still back end debt and the last thing he wants to do is burn the creditors that he may need for future deals. He can make some fantastic allies here, both with his public customers and the bankers.
Deal officially closes. It's like buying a house with a lot more moving and complex parts. Until funds are transferred it is not a done deal. In a house you got the inspection and appraisal...those check out then you head to closing, and things could still kill the deal at the last second. Here you have Credit Suisse, Landlords, THE FINANCIALS etc......
The brand alone is $$$$$, and guess what? You can go back to back with another Q about to blast off, perhaps as George Costanza loved...a trifecta in the making.
How is it we open at .08 with a 56k buy following a 95k dump at .03 EOD? MMs are wise to this one.
EXACTLY!!!A SPOT ON VERY EASY WAY FOR ANYONE TO UNDERSTAND WHY THIS GOES OFF THE CHARTS WHEN NEWS BREAKS.
FOX calls Tilman IRGTs CEO in that article towards the bottom. I've requested clarification. Either the writer made a mistake or this is a MASSIVE hint:
Joe’s Crab Shack now has a total of 72 operational locations — with more than 30 in just Texas, Florida and California — but it’s uncertain if more will close. Ignite’s CEO, Tilman Fertitta, remarked earlier this month that “we’ll probably end up with about 60,” according to Nation’s Restaurant News.
Canceled? LMAO-CRMBQ still trades, and back then just before the epic run from .2 to .75 the same scare tactic was being used. Many people sold at .07-.10 days before because of the confusion. IRGTQ has already been delisted, and everyone knows that, thus the Q. 500,000 shares OF COMMON STOCK are still being held by IRGTQ directors, who are helping with the transition. Not only that, Tilman would have to go through a lengthy process to actually kill a ticker, changing the name is a much easier possibility, also possibly great for shareholders. The clever "canceled" usuage is designed to confuse people about delisting which has already happened. SOUPQ shares have been "canceled" according to your definition (which really means delisted)but somehow they shot up 1250% yesterday.
Then why do the Brick Houses come with the deal?
CONGRATS TO ALL!! who say's Q's can't make you a boatload of cash? Might wanna click name for another.
Aug 29 Mr Fertitta is free to speak candidly about making Joe's Crab Shack Great Again. IRGTQ Insiders still hold about 500,000 commons, and the backers would still like to see this return to its 333mil valuation, so where else is the money coming from? People need to understand there are no preferreds without commons, and keeping this public is lucrative for all parties involved. Exact date? I never said I had a crystal ball.
MASSIVE BUYS ALL DAY, even the weakling that dumped the 3's right at the end had them scooped up in a heartbeat. What a joke. Look at the history of CRMBQ THE EXACT SAME THING HAPPENED in the 3-4 days leading up to the vertical shot to .75 Weaklings that sold for .04 were talking about how glad they were to get out, they turned around and it was at SEVENTY FIVE CENTS.
Quite an accumulation day. Nice end of day scoop for someone.
FOX NEWS just named Tilman Fertitta, IRGTQs CEO. Story posted 3hours ago
http://www.foxnews.com/food-drink/2017/08/22/joe-s-crab-shack-closes-bunch-restaurants-doesn-t-warn-employees.html
BOTTOM OF ARTICLE
Joe’s Crab Shack now has a total of 72 operational locations — with more than 30 in just Texas, Florida and California — but it’s uncertain if more will close. Ignite’s CEO, Tilman Fertitta, remarked earlier this month that “we’ll probably end up with about 60,” according to Nation’s Restaurant News.
IMO they will have to clarify this...story posted today, hours ago, but it seems to be a collection of past stories...gears are turning
The fact that the CEO still holds almost 130k COMMON shares and that things are going smoothly speaks volumes to me.
FAKE 1000 share sell drops it to .05
Yeah, someone has a lot of faith in Tilman. We have a great chance of seeing some major action here. Just take a look at some other companies in the space like BWLD or CMG...they trade at super high PPS, I see no reason why a great brand like Joe's Crab Shack can not get a huge boost once Aug 29th rolls around.
68,OOO+ share buys last few