I'll take it with a grain of salt. Pass me the shaker, if you can get it away from Shaq.

http://www.prnewswire.com/news-releases/dry-fried-wings-and-shaq-take-ft-lauderdale-by-storm-182835591.html

It's a real recipe. What it's worth? Who knows?

He's smiling

Really. The originator was "Johnny Walker" Probably a name he lifted from an old liquor bottle and sold to the former CEO.

Boyd wasn't even with the company when they acquired the recipe. Probably that other guy, Chavis invented it.

http://www.marketwired.com/press-release/james-boyd-named-ceo-dry-fried-wing-company-former-chief-operating-officer-popeyes-takes-otcqb-eedg-1750749.htm

Depends on whether you get a side of Fried Rice and some Kimchi salad with it.

I'm taking Monday off for MLK day. ;-}

Just kidding. I'll be "here" all weekend and ready to buy more on Tuesday.

I think it will be a different business plan going forward. We call it an RM. Need to tie up the loose ends, pay the debts, and go forward, unless Boyd found a buyer for the recipe or the shell.

He did a good job at keeping expenses down, IMHO.

272 people are following this board. Would like to hear from a few more than the handful posting.

Yeah. Until you reach that, you can speculate on possibilities. Once you reach that number, your speculations become influence on management, by law.

If I held over 5% of the shares, I would probably have to disclose such a plan publicly. A 13D filing should show up within 10 days, unless MM picked them up. I don't think "A few people on Twitter" qualifies as an investment group, but I could be wrong.

I plan on keeping my holdings under 4.99% until such time that I don't.

If "they" bail out, I'm ready to start picking up on their consolidated pieces, and working the plan I just disclosed. If they don't, I'll see what their plan looks like, and go from there.

Current Market Cap is 80K. About a million cheaper than filing the SEC paperwork to go public. Gut says they are going for the shell. Seems obvious since they aren't going for the sell. The hard part is satisfying the creditors and the previous management. Selling them the Recipe could fix all of the problems.

1 for 100, even 1 for 1000 "buyout" isn't out of the question after the debt is settled. Fractional shares can be given an option to purchase one share. Today's price: 40 cents/1000 O/S would be 200,000 shares?

I tried to take one over once. Learned some lessons on how not to do it. Negotiate with the previous management if you have an inkling. Make a public plea for the shares, at the current price. Recognize the Intellectual Property, ie "The Recipe" and either keep it, and invest, or sell it to the creditors.

Then they have to fix the financials for the SEC.

The only thing on Twitter is the pump. The shares were collected at the bottom. Big question is who collected them, and why aren't they selling at 4X the old bid. 20 million shares times .0003 is only $3000. They picked up 1/10 of the OS for $1000?

I think the recipe is probably worth $500K-$2MM if you find a buyer. Then Boyd could retire the shares with some dignity.

I am collecting at the current price, but I'm not buying the ask.

I figured that's what you meant. And typed it as if it was a good number until I re-checked.

Correction:

226.50 would reduce the pain. Max was at 226 last night. Hit's that, and it's a LT sell signal.

Those are some good points. I can't remember what they call it. Carry something or something carry. Some banks would have been holding the long bond, and lost a lot of money.

Didn't they get caught on Bond valuations?

I forget the term. Borrowing short term, buying the long bond.

I'm getting thrombosis from the neurosis of sitting on my shorts.

Can we test max pain before the close?

I am surprised that there aren't many shares being offered at the current price. Could be a hint that there is something working, or the P&D group has a lot of patience.

It was. Then they started issuing more debt and converting. I knew what would happen. Spent some of the money here.

Where is Max? Isn't he supposed to come in with guns blazing?

Yesterday Max Pain was 226, according to my source.

I've seen them become companies.

NGHT. The convert holder gave the company to a DJ, and started an entertainment business. I think I got 40 bags on it.

Does anybody know if Asher is still around?

Would he like to convert his debt credits and buy the recipe?

Or some who paid twice that much in 2014.

I traded it, back and forth.

Just ran the spreadsheet.

Avg cost is .00045 including recent purchase.



I still think the recipe has some trading value.

Suppose I don't deserve so much pity, after all. Have about 1.3, million shares.

The Jamaican Zombie Monkeys.

They have no plan, do no research. They punch the button, and hit the ask until the volume triggers an alert on somebody else's watch list.

Then they sell.

I pissed away another $400 and bought about a milly.

Where is everybody?

Yeah. Somebody picked off all of the tax loss sales at the end of the year.

You guys remember what that chicken recipe cost, don't you?

What's it worth today?

Buy the company, sell the recipe?

It's attainable, but you have to pal it up with the old CEO, and pay him off.

I did a Google search. Didn't find any SEC actions.

This type of pop sometimes happens before Obama and Company pulls the registrations.

Wouldn't that be a slap in the face to the Black Community?

LOL. Energy Eccentric Distribution Group.

Marijuana distributors nationwide.

$EEDG

Not serious, ok.

$27.25

$25 is the liquidation preference, plus one year of dividends in arrears, or $2.25.

He'll probably come up with something. I think they have enough cash to buy them up at the current market, and extinguish a lot of the debt. The mechanics of that don't work. As soon as they buy, the price goes up. They can come up with conversions or partial payments if holders agree. I think the CEO owns a bit still.

I didn't read it all, but I'm pretty sure they aren't convertible without a vote of the preferred holders. With dividends they owe about 25 million. If they could buy all of the shares at the current price, it's more like 2 million.

The whole thing is 135 pages, but you can probably skip a few.

https://www.preferredstockchannel.com/prospectus/?symbol=TEU.PRC



The dividend increases under certain conditions.

Of course, if they aren't paying, its just a higher percentage of nothing.

It took me about three days to do it.

I saw this chart, and thought BK for sure.

http://www.harperpetersen.com/harpex/harpexVP.do

Since he settled so much debt, I'm not so sure anymore.

Waiting for a Harpex recovery.


Maybe next Christmas?

Late October, before it went sub penny. Missed a big trade.

I reduced that position substantially a few weeks ago.

I am thinking about adding, but I own TEUCF, and everything depends on what they do with that debt/equity fusion.

He's covered himself both ways. If it was a bubble before, it's still a bubble. Right now it's a bubble of hope for prosperity. If he gets too much friction, he can blame the friction.

In a perfect world?

#RussianHackers will crash the market at the open.

Basically, Trump Rally on hold until the Dems start crying about how they lost again.

The noise is really loud. Everybody is chiming in, and that's what the market calls "News"

I would just as soon have the guns, and the bullets. That and farming skills. Not that I would survive to use any of them, but if I did, it is enough.