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It's on the IHUB trades, public info. Someone, possibly you or someone just like YOU sold 2 shares to cause a chicken little sky is falling type to panic. We know what you said: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133692555
Anyone can look up your posts and see that you have been dedicated this stock for the past three weeks, AMAZING that as soon as the price drops you have an instant post at the ready...
Now a 2 share sell LOL this thing is locked to rock.
On a 7 share trade walkdown by you? I like how you just happen to be right on top of it. None of us were born last night, we know what you're up to.
It is a great concept and you deserve to be compensated because you had good faith and did nothing wrong. I'm on the "First Coast" and the Joe's Crab Shack here is a landmark which is packed by both locals and tourists every night. I love the place. Great location on the beach, great food, great service. When I told my broker about the play I was making, his first reaction was, "what? You're kidding me Joe's is in BK?" Because up here it looks like a thriving business. It'll come back. IMO without the commons there are no preferreds. There has been some misinformation here IMO possibly intentional that states "the shares will be canceled." All I can say is "really?" CRMBQs never got canceled even though Marcus Limonous eventually backed out of the deal. They use "canceled" in place of "delisted"...well it's already been delisted that's what the Q is for. Everyone knows that.
He was right on this one though...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133692555
BEAUTIFUL!!!! Nice discovery
Don't you understand that the special acquisition company that would be needed to acquire a recognized brand is no longer necessary, because he just bought back his old company, with a very recognized brand name for far less than 300 million? AND IT ALREADY HAS A TICKER BUT HAD TO LEAVE NADSAQ BECAUSE OF PPS. Landry's can now spin it off and keep the shares intact. There's no reason not to, in fact there's more reason to do so because the primary rule of making money in business is to use other people's money. Whose money would that be? Uhmmm how about Credit Suisse, and the others that already pumped hundreds of millions into it, along with new public money from recognition via the Billionaire Buyer TV show? Those original investors in IRGT still want to make their money back. Why do you think things are going so smoothly? Obviously lots of people think some thing is going on, otherwise the price would have dropped already. Did you notice the language in the WSJ article "this has been very complex" If you had any basic experience buying and selling real estate, which everyone should have by at least age 30, then you KNOW THAT NOTHING IS DONE UNTIL IT IS CLOSED. Aug 29th is the day. And it is my guess that there is another complex leg of this trip which involves the rolling of certain other brand names currently operating under Landry's into the new public entity.
You don't seem to know the definition of hearsay. Tilman was in the process of raising 300 million dollars to launch a company capable of acquiring companies in order to TAKE THEM PUBLIC. That is a fact. Now he just got back his old company and it has a ticker. http://www.nrn.com/blog/tillman-fertitta-wants-buy-another-company
No one is going to come out and give you a written promise on this, just not how it works. But real investors do research, then take their chances. If you don't like money, hey no problem, there are plenty of others that do, i'm not trying to sell you anything.
Yeah, I'll bet on a Billionaire turning around his old company versus putting a dime on that other thing...but good luck to you over there, if ONE of those deals comes through you guys are off to the races.
Not a Basher, I'll stop posting, good luck here. As soon as one of these deals comes through, I'll be the first on board.
I have a small position here, but that other one...that R/S history is just a killer, I'll stay off that board, hope you guys make a killing...just really hard to see.
Wasn't there a Twitter Hack or some other Shennanigan the other day. Not good if you're in the business of cyber security. Anyway, GOOD LUCK to everyone here, AND remember, it's always better to be lucky than good.
If Tom was in the Clinton, Bush and Obama administrations, then everything makes sense here, because when the next R/S goes down, and taxpayers and investors end up as bag holders, guess who they're going to blame?
Ouch. You mean if I had 2500 worth of stock that Tom would have given me a dollar for it? And then to add insult to that kick in the balls he took people's last 10 bucks then handed them a buck? Does CNN know about this, because if he really is friends with Trump, this could be the thing that they get him on.
Anyone here for last yr's R/S? STOP SIGN is still up https://www.otcmarkets.com/stock/BVTK/quote
Looks like Tommy Boy might have to pull the flush lever again, for a reboot. Just curious, it was a 1000 for 1 right? How long did it take you to recover on this "epic" run?
That's like wanting to know the score of the Superbowl before you make your pick. Well, I'll be happy to sell you some of my shares when they hit a dollar, because then we'll know for sure.
That now wants back in at a lower price.
Read this whole article. It is from last year. It is about Landry's wanting to form an entity to get back into the public space. You have to do some DD+math here, but things seem to be lining up. Take:
1. Shareholders are mentioned in the court docs as needing a better chance to be compensated.
2. Landry's went to court with the argument that their offer was better for shareholders.
3. This article which clearly shows that Landry's has been planing to spin off a company with brand recognition for at least a year in the public domain. (Now they are saving 300 million in costs).
4. The ticker is still ticking.
5. The CEO of IRGNTQ still has almost 130,000 COMMON SHARES (you can find that easily in IHub's filing section).
6. The high level of cooperation which seems to be happening in this transition as evidenced by the closures of the Shacks that are just not up to Tilman's standards.
7-THIS
http://www.nrn.com/blog/tillman-fertitta-wants-buy-another-company
I get the theory, but not the reality, if that makes any sense. But if, as Marty says, Blockbuster has gone to the trouble to emerge from bankruptcy, then is seems like there is something still there. IPOs always come with debt, but they are sold to the public as if they are just magic money rides that always go up. I think the poor kids that bought into SNAP (and the ones that run it) are finding this out right now. That IPO didn't have the full FB machine backing it the way Zuck did with his, and for all any of us knows it was an acquisition target from the start, and the IPO was essentially ambushed out of the gate with certain people in the know holding large short positions. Not sure those kids really understand how cut throat business can be at this level. Anyway, that was a tangent with a point, if IPOs always come with debt, yet are sold as free money rides to the public, then what are the real possibilities of DISH spinning off a new, super high tech Blockbuster that solves all the major problems that Hollywood is facing right now? Right now the two massive flat screen TVs in my house have access to cable, Amazon Prime, Netflix, and a few other services that I've discarded. I'm using RedBox far less frequently, but still use it once and a while. Once in a Blue Moon I will go to a movie, if the subject matter, reviews, and trailers are compelling enough to get me to the theater. My point here is, the industry is a mess, and there definitely is a big problem to be solved, which could be very lucrative for a big player to tackle. Blockbuster is a great brand name. Does it come back to life? I don't know, but I'm keeping an eye on this.
It looks like you were right! NICE CALL
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133692555
WSJ Posts Breaking IRGTQ News With Joe's Crab Shack Headlines!
http://quotes.wsj.com/IRGTQ
The worst part of this stock is
trying to decide when you should sell any shares. because when it hits a dollar, that's a significant windfall for a lot of people, but the thing is, if it hits a dollar, then it should hit 10, it's all about having patience, and waiting for fund managers to notice this beautiful stock.
The CEO of IRGTQ still owns nearly 130,000 common shares in the company. By the tone of your commentary you'd think he would have dumped those a long time ago but he didn't. Why? All indications are that Landry's spins this company off, keeps the ticker and returns it to a major exchange, but keep fishing for weak minded shareholders. Good luck, no one is dumping at these pathetically low levels.
https://ih.advfn.com/p.php?pid=nmona&article=72946658
Ever closed on a house? This is the same thing except you have a lot more moving parts. I've bought and sold five houses in my life, and I have had two buyers back out on me at the last second for technical reasons. In this case Tillman is not going to back out because he has $10 million of good faith money involved, however did you notice that the debt holders still have a right to petition the court up until August 29? I don't for see any problems as is indicated by the shutdown of the poor performing units , To me that shows a high level of cooperation
Page 7 of 36-7-greater recovery for Debtors' creditors, shareholders and other interested parties than would be provided by any other practically available alternative.
Also, notice that the CEO still has over 120k common shares. https://ih.advfn.com/p.php?pid=nmona&article=72946658
Why are you here?
Court docs show common shares should survive. But unfortunately the OTC thrives on people that, to borrow a phrase from Zoolander, "don't read too good."
Time and time again we see a fake 100 share sell, followed by a couple of more to cause someone to panic and give away their shares. Sellers at these levels are just like Wildebeest on the Discovery channel that stick their heads in the river to get it chomped off by lurking gators, right after they just saw it happen to one of their buddy's a few minutes before. Ridiculous.
We IMO are sitting on the tip of a Saturn V rocket. Could be multiple stages here. I did see that his boat is priced at about 40 mil, so it makes me laugh when I see mamby pamby posts about "80 million in debt...blah blah blah"
This is an intelligent bet. Yes it is a gamble, and if we win, I'll take a trip to the Golden Nugget and play some more.
Anyone catch this mention of Shareholders in the Docs?
Page 7 of 36-7- greater recovery for Debtors', creditors, shareholders and other interested parties than would be provided by any other practically available alternative.
It sounds to me like the Judge and Tilman are thinking about the shareholders since the word shareholders is clearly used in regards to monetary recovery efforts. Yeah, they can pry my shares from my cold dead hands.
Float his boat in the float you mean LOL 75k buys at .08, the market waits...I think we might have to wait until the 29th for news, but I am not selling anything before then.
The Market Thinks the other Way. There is definitely something going on here. Lot's of pieces of DD indicate that the commons will stay intact. Just curious why you care so much if you have no financial interest here?
Best article yet on summary of getting back Joe's
http://www.chron.com/business/retail/article/Tilman-Fertitta-wins-Joe-s-Crab-Shack-in-11882602.php
At this point I don't expect any national coverage until after August 29th.
Tilman article on leveraging money:
"Always borrow money when you don't need it"
https://www.cnbc.com/video/2017/03/24/billionaire-shares-his-best-advice-about-borrowing-money.html
IMO raising money in a reverse merger is essentially the same thing, you are borrowing money from shareholders.
80 mil is pocket change for Tilman.
VelvetJones
This is a stock for people who have brains and guts. It's very clear that you have neither. Obviously my intelligent posts have caused you to have to buy shares at a higher price, or you bought high and sold low. There are no guarantees here, everyone knows that. And, it will take a lot more than a baseball bat to take me out, you better come with a small army.
Tilman is a public figure, he'll keep it public.
I'm going to have to go back and read it much slower, but it seemed to me that they are also out of past debt obligations created by IRGT except for the purchase of the ECOLAB equipment, which is intrinsic to the operation anyway. It sounds like a major score for Tilman to me, but I did read it very fast and the last business law class I had was over 20 years ago.
Speed read whole thing. Looks like sale has been approved and they are allowed to get out of the bad leases.
Another thing about this is, Tilman runs great companies that serve great food. He came up working in restaurants and knows the business inside and out. You can tell me a lot of things, you can tell me the sky is yellow and the sun is blue, but don't tell me that Tilman can't bring his Joe's Crab Shack back above 5 dollars per share when we have punks with companies on the NYSE trading for 300+pps that make people sick on a routine basis, and only serve one type of food. Give me a break http://www.foxbusiness.com/features/2017/07/18/chipotles-stock-dives-after-news-sick-customers-at-virginia-restaurant.html
Depends on which Brands he rolls into the new entity. But we do know that IRGT IPOed at 12/pps all because of the Joe's Crab Shack brand.