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Well good luck to you longs. It's been a long ugly slide. I wouldn't buy anymore of this if I was you. Just hold and hope for a miracle after the "hush hush" period ends.
That's funny tushie at least you can find the humor in this disaster and admit it was and unfortunately probably always will be a dud!
Haven't been here for a while. What happened to the Trillacorpe merger when this was an energy company. Or the water purifier that was going to save Ghana. Or the green energy movement that was gonna drive this stock up. I guess chicken wings and watermelon soda happened guess why this tanked just as I said it would. So so so sad!!!
"zero credibility" that's funny because everything I said would happen has happened with this thing. How do you measure credibility???? relentlessly pumping a sinking stock until it's almost at zero. I'll stick with my zero credibility. LOL
exactly d8catman. You are now saying exactly what I said when this thing was trading at .10 and I warned you not to buy it because it was a scam stock that releases fake PR's and never follows through on anything. The only thing they accomplish is insiders selling their shares that they aquired at less than a penny! Looks like most of those people cashed out and the only people left..... well you know.
We tried cruiser but some people will never learn. We're bashers, we're shorts, etc. well whatever we are WE WERE RIGHT that this was a scam from the beginning. Put a fork in the chicken wing it's done and the shorts and insiders thank you!
Ceeker you know as well as I know this company hasn't done one thing they said they were going to do from way back when they were selling drinkable air instead of chicken wings and watermelon soda. The latest is the spin off that will never happen. How many times can they get away with PR's of deals, mergers, spin offs, etc. that never happen. The only thing that does seem to happen is the issuing of more shares and more money for insiders that own shares under .01.
Same old sad story and more lost money. Happens over and over again and won't stop until people stop being suckers for obvious scams! Sad
sorry everyone looks like I was 100% correct when I said this stock wasn't even worth a penny. I guess you'll just have to wait for another false deal that ultimately won't happen like all of the others in the past. Looks like you can put in this chicken, it is finally DONE!
a few of us tried to warn people a long time ago this was a world class scam. everyone here called us bashers, liars, etc. now look at the stock price!! just because people post a bearish position doesn't mean they are wrong. For example, EEDG!!
With all do respect I applaud dry lightening for his honesty. It makes perfect sense to be upset, feel cheated, lied to, taken to the cleaners, etc. all longs here that invested in a revolutionary green energy company that was gonna develop "drinkable air" that was all the rage, oh and feed and supply clean water to Africa as well. If that is what you invested in and now are left with sub par chicken wings and a cast of characters all with questionable business history I would be upset too!
Well said stringofpearls. Thanks for the DD I for one appreciate both sides.
Huh?? There is tons of profit for insiders issued millions of shares at less than a penny.
Are you calling him fearless because he's in the middle of a lawsuit accusing him of physical intimidation and "bully" tactics as leader of the bankrupt burger chain back yard burger?
No I'm not. The common denominator is longs following blindly just as louey stated. Everyone thought the Box deal was great until it was called off. Just like all the other past deals that were made then cancelled or failed or not meant to happen to begin with. UDHI, Trillacorpe, etc.
If just one long would admit, I invested in an energy company that went out of business after numerous failed attempts to raise the stock price and very little transparency to investors. Then changed to a chicken wing company that no long here can say they knew anything about before investing. So your great DD is only weeks old.
Just admit you're in too deep and your holding on hoping for the best.
And everyone gets so upset when I say insiders are "lining their pockets" while the average investor buys everything the company is selling blindly and hopes to just one day break even. It's such an old sad story. I'm sure jack and many others are laughing it up with loads of cash courtesy of eedg "investors"
Who said anything about bill gates or Steve jobs. But I'm pretty sure neither tech guru sat down at the board room table and tossed out the idea to switch from running apple or Microsoft to running a chicken wing factory!
Yes great DAY. Oh, that was a few trading days ago that you were referring to. Sorry, I missed it, looks to be the same lame price as before the pump firm sent out their first paid pump. I gess I'll have to wait for the next paid pump to see the price increase.
They just said "replaced" in other words, fired, canned, don't let the door hit ya, etc.
Ok yes he was CEO before the bankruptcy and during the debt restructuring BUT then was quickly ousted as CEO. If he was not to blame for the debt and failing business and was the reason they were able to restructure their finances then why was he replaced as CEO??
Are you guys afraid James Boyd will beat you up if you disagree with his leadership skills? I guess it wouldn't be the first time!
You are incorrect. James Boyd was not "at the helm". He was quickly replaced as CEO. That is why he's now with this chicken wing thing.
They were 50,000,000 in debt with 10,000,000 in assets. "The company has not been profitable for some time" said Boyd. This is not a turn around story. If it was James Boyd would still be part of back yard burger instead of being sued and moving on to DFW!
Ok lets assume that lawsuit filed by two separate employees in federal court is a big conspiracy theory against James Boyd.
How about Back Yard Burger failure and now moves on to lead DFW! With this guy leading the way your goose I mean chicken is cooked!!
Back Yard Burgers Inc., a popular chain of fast food restaurants, filed for bankruptcy last month, but it has already reached a plan with its creditors to restructure its debt, according to a report from Bloomberg Businessweek.
The Nashville-based company runs restaurants in 20 different states, but most of the stores are concentrated in the southeast part of the United States, according to sources.
Back Yard Burgers reportedly had as much as $50 million in debt when it filed, which pales in comparison to the $10 million worth of assets it currently holds.
The filing took place in Wilmington, Delaware, and sources note that it only includes the restaurants owned by the company itself, not the stores that are owned by franchisees.
In addition to Back Yard Burgers, three other companies connected with the burger chain also filed for bankruptcy. These other parties include BYB Properties, Nashville BYB and Little Rock Back Yard Burgers.
According to the company’s chief executive officer, James Boyd Jr., the company has already reached a settlement with its creditors. This is not uncommon, particularly with corporate bankruptcies.
Boyd told reporters recently the settlement represents the "culmination of an ongoing plan to improve the company’s operations by restructuring debt, addressing underperforming locations and identifying opportunities for growth."
The weakened state of the economy during the last few years had a profoundly negative impact on many restaurants, as customers stopped spending as much money on meals outside the home.
And Back Yard Burgers is no exception. In order to make ends meet, the company plans to close "underperforming locations in order to focus our resources and vision for the future on the rest of the business," according to Boyd.
Sources say the company plans to close up to 50 percent of its current locations. The closures represent a sad shift for a company that grew rapidly after it was founded in 1987 by a man serving homemade burgers in a Mississippi grocery store.
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Me too that's why I like to post the truth not just smoke and mirrors and magic chicken wing dust.
You track my posts?? I guess you're a fan or something else????
This is more than just an accusation it is a law suit filed in federal court. It's not just rumors being spread around the company water cooler.
Back Yard Burgers boardroom bust-up leads to suit
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Fired VP lifts veil on CEO Boyd's 'erratic behavior, abusive nature'
Published July 25, 2012 by Pierce Greenberg
A meeting this spring of senior staff at Back Yard Burgers’ headquarters in downtown Nashville became heated — and resulted in a lawsuit — after a compliance officer addressed numerous complaints against CEO James Boyd.
Carl Diaz, who had joined Back Yard late last year as vice president of human resources and corporate compliance, claims he was physically assaulted by Boyd, then fired on the spot at the May meeting.
Diaz filed a lawsuit in federal court against Back Yard Burgers on Tuesday, alleging that Boyd retaliated against him for presenting findings about the CEO’s conduct. According to the complaint, Boyd's “erratic behavior, abusive nature and continual acts of bullying,” resulted in “employee alienation, mass walk-outs, and threats of potential claims and litigation.”
The suit — view it here — maintains that Back Yard Burgers' employment attorney urged Diaz to investigate claims that Boyd had mistreated both field and office workers. The attorney, Kelly Gooch Carlson out of Memphis, also recommended Diaz present his findings to the company’s C-level staff. But things didn't go over smoothly at the May 1 meeting.
“During the presentation, Boyd flew into a rage against Diaz because of Diaz’s refusal to remain silent about Boyd’s illegal activities,” the lawsuit reads. “Specifically, Boyd [...] moved his 6’5” frame towards Diaz in a confrontational manner and stared him down. Diaz refused to engage Boyd, which further infuriated Boyd. Boyd then had Diaz removed from the building and told Diaz not to return."
Diaz is asking the court for back pay, front pay, compensatory damages, punitive damages, relocation expenses, attorney's fees and other expenses for his allegedly abrupt firing.
The suit was filed by Scott Tift of Barrett Johnston LLC.
A phone message left for Boyd wasn't returned as of Wednesday afternoon.
It's public record and any prudent investor should be interested in the integrity of their leaders. Does this company have even one leader with a clean record??? Hilarious!
I guess you shouldn't argue with him or he'll beat you up. He's being sued by two ex employees for physical abuse and retaliation. Oh, by the way his last food franchise filed for bankruptcy! Eedg is hilarious I can't get enough of this stock.
Where does eedg find these people?? I guess if you don't agree with James Boyd's business plan you risk being roughed up at a business meeting. Eedg is too funny, it gets better and better all the time!!
"In the summer of 2012, events at the company pointed to marked internal discord. The CEO, James Boyd, was accused of physical assault by Carl Diaz during a spring 2012 senior staff meeting. Diaz was then immediately fired by the company. [4] The actual lawsuit may be found here. [5] In September of 2012, another employee, Andy Abbajay the company's COO, also filed suit against the company, alleging he too was mistreated after expressing concern about Diaz's dismissal. [6]
In October 2012 the company, headed by James Boyd as CEO and Reid M Zeising of Cherokee Advisors acting as Chairman, filed for Chapter 11 Bankruptcy protection. [7] On the same day, Back Yard Burgers declared the closure of multiple company owned stores. "
Oh I get it instead of being president, CFO, director, and lead chicken head, now he's just CFO. This company is funny.
CLAK John walker " resigned" do you read the pr's?
why did John Walker resign from the all esteemed position of eedg president after only holding the position for a couple of months! I have a guess or two, he was an accountant hired to head a chicken business???? Right after the horrible financials are released he runs for the hills???? Was eedg hoping he'd help them with some very creative accounting and he declined??? I guess there is no use for an honest accountant on penny lane.
Great post WC. The saddest part is he weaves his scams by claiming to be an activist and humanitarian. Meanwhile he paid hush money in a harassment suit to make it go away and has been sued by more than one business partner in the past for basic incompetence. I am shocked this thing keeps finding a way to rebound to .10 I guess as long as someone is out there to buy it it will rise no matter how horrible of a stock it is.
so why did the news release say he resigned was that a lie or false information released by the company?
yeah same old thing. I haven't checked in in a while but it's like deja vu every time I come back to eedg. Another pump that reached around .10 and back down again all on no new real news, no real deals, and no real financials. I guess it's official this is not an energy company anymore as Rob Holdworth "resigned" from the company. All your chicken wings are in one basket I guess!
Again, energy edge solutions IS NOT profitable and had been losing money quarter after quarter and year after year. That is why it was taken over by a chicken wing company in the first place. It FAILED. This news means absolutely nothing positive.
You keep harping on most read or most posted.. Who cares??? And it certainly isn't helping the stock price. The interest in this board must be a negative for the PPS as it goes down day after day. See you all tomorrow, I'm done for the day...it's been fun as usual
One problem... Chicken wings aren't a new invention!