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How do you know he sold it for $10k?
Things starting to get interesting . Hopefully we wake up one morning soon to contract news
Won’t be too much longer before this is trading over a penny again
Something brewing here
Good to see it holding this level
Any good news and this is absolutely going to fly. Many will be left behind wishing they bought at this level
Wish someone would ask him publicly what his definition of rolling out the red carpet is ?
These restaurants would be very successful in certain parts of the country. Wish there was a way they could figure out financing.
Surprising that Gay doesn’t have connections to help finance another restaurant or two in order to get the ball rolling
Patiently waiting. Very undervalued
Won't find many people in life as cowardly as him
Bishop runs away like AMLH never happened. What a pile of garbage he is
Love the steady climb
No need to get so defensive. I was just asking a legitimate question. He stated on the wefunder that he IS collecting a salary to pay his mortgage etc. I'm just looking for an answer as to what occupies his time for 40 hours per week since each location is run by a manager.
Since each location has its own manager, is anyone able to come up with a legitimate answer as to what Parsi does for 40 hours a week to earn his hefty salary ?
2019 will be a huge year
Disagree. Just a lot of upset long term shareholders here who feel completely let down by the company and by Parsi. I am one of them. I hope by some miracle that this can be successful but there's nothing wrong with investors voicing there concerns, on a discussion board, about the depreciating value of their investment. If you look at all the negative comments, they are from long term holders, holding large amounts of shares. There would be no reason for them to want to drive the price down
I will almost guarantee this is their plan. Parsi has shown he is angry at shareholders and will use this as a way to get the last laugh
Hopefully the malls in Guatemala rolling out the red carpet for Giggles will keep this from going to trips.
Wow Joey turning this into an absolutely worthless company. Unreal level of incompetence
Yikes. I guess management feels no need to communicate with shareholders ever
Reverse split is no surprise here even if douchebag Bishop was still around.
Keep in mind, aside from the $145 million, there are other unsecured creditors who will get paid before shareholders. There is also another $15 million set aside for severance packages. If finals bid is only $200-250 million, shareholders will likely get nothing
There is some potential but also potential to lose everything. Very risky. Only play with money that you can afford to lose. I learned the hard way here. Goes to show that no matter how good a drug is, bad management can destroy its value
Depends on several factors including amount of bid. At this point shareholders are last in line to collect anything. I sold at a massive loss because shareholders could be wiped out completely. I wanted to salvage whatever was left
It has been filed. Bankruptcy with a stalking horse bid to buy the assets
Just letting you know I got your PMs buddy. Sorry I am unable to respond via PMs. Best of luck to you man
It's not accumulation. It's short covering
Sorry you lost money as well. I do hope karma is real and finds its way to those guys. They are nothing short of criminals who have lied and deceived their shareholders for quite some time. They should not be able to walk away unscathed with large severance packages and bonuses. If there was ever a case for SEC involvement, this is it. Too bad the SEC is useless and Wall Street crooks can get away with whatever they want.
I lost a fortune here. A life altering amount of money. Just be very careful. If no other bids for company come in, shareholders will likely have their shares go to zero. I do not want to see anyone else harmed by the criminals who ran this company.
However if you just bought in at rock bottom and don't mind the risk, I wish you the best of luck. Please just don't risk much, as you may lose it all
15 million of the 200 million is to pay severance packages and bonuses. Executives walk away enriched, shareholders get wiped out.
Amazing that just a few months ago, they wanted shareholders to approve increases in executive compensation, while they knew full well the company was in a very dire financial situation.
They have never attempted to create shareholder value here. Hence never any insider buys even when pps was rock bottom at the time.
I would like to believe Jacob and Hamilton are just astoundingly inept. There is more to it however. Criminal activity occurred here. Can it be proven ? Maybe, maybe not.
Glad to see you’re still holding here. Gives me some confidence despite being way down
Company run by absolute criminals. Intentionally filed bk to wipe out shareholders
If there is another conference call, I would love for someone to ask him to explain his daily routine as CEO and why he warrants such an excessive salary.
Agree with this. With 2 restaurants can someone seriously explain what he does all day if each restaurant has a manager? It's absurd for him to be collecting that salary even if he were the actively running both restaurants himself, without any managers. I seriously want to know what he does for 40 hours a week
I don't blame her. It is most likely Parsi lied to her about 6 locations opening. She was probably just relaying what she was told. I bet the reason she cut ties with the company is because she realized Parsi was a bullshitter and she didn't want her reputation damaged by him
I wish they would delete them. With those removed and with some positive comments, it could give us a fighting chance
I don't care whether he is surprised by it or not. I care about trying to salvage some of my investment that's all. I agree that Management has been awful.
I'm not saying that. I'm saying that people shouldn't be trying to sabotage it. Even if it has a very minimal chance of success. What minimal chance it did have is now ruined completely because of a few selfish people
At this point I would rather see him locked up than get my money back
I am no fan of his but he shouldn't have to be defending himself publicly on wefunder, the same place where he's trying to raise money to pull the company out of this mess. Its pretty clear you are one of the people posting on wefunder. Thanks for screwing over your fellow shareholders. If it is you, you are no better than Parsi.