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"Take that..."
Lol, ok.
Either way, I'm making money. Up or down.
I think you're confusing this with TRT# where dilution is actually taking place
I know what it is and it doesn't belong on this board.
Notice I-Glow disappears and Neo shows up... hmmm
Yep, they do the same thing on other boards. All you have to do is check post history...
Wall Street Journal:
By Tom Corrigan
A bankruptcy judge signed off on the sale of Joe's Crab Shack and Brick House Tavern + Tap casual-dining chains to Landry's Inc. for $57 million.
Following a hearing Thursday at the U.S. Bankruptcy Court in Houston, Judge David Jones said he was satisfied Landry's offer was the highest and best available.
"I do think the sale process under the circumstances has been fair, has been transparent," he said.
A committee of unsecured creditors on Thursday also voiced support for the sale, the proceeds of which will be used to help repay debts the prior owner of the chains took on before filing for bankruptcy in June.
"This has been a challenging case," a lawyer for the committee told Judge Jones. "We would obviously have liked to have seen a much, much higher price."
Court papers show Landry's, a privately held restaurant and casino specialist, had been eager to buy the restaurants since their parent company, Ignite Restaurant Group Inc., began searching for a buyer.
Landry's, owned by Houston businessman Tilman Fertitta, already operates a broad spectrum of more than 500 restaurants. With the sale approved, it will gain 112 Joe's Crab Shacks and 25 Brick House Tavern restaurants, with many concentrated in Texas, Florida and California.
Landry's agreed to lead the bidding for Ignite's assets with a $55 million offer and won the court-supervised auction for $57 million. Purchase offers Ignite received before filing for bankruptcy were either withdrawn or "not viewed as viable," according to court papers.
In total, Ignite employs more than 8,000 people, court papers show, and the company has continued operating while in chapter 11. Like many of its competitors in recent years, the business has experienced declining comparable-restaurant sales and income.
Ignite also faced a liquidity squeeze after defaulting on its secured debt earlier this year. The company holds a $30 million revolver and $165 million term loan provided by Credit Suisse AG, Credit Suisse Securities LLC and KeyBank Capital Markets Inc.
Private-equity firm J.H. Whitney & Co. holds a majority stake in Ignite, which went public on the Nasdaq Global Select Market in 2012 but was delisted in April.
Write to Tom Corrigan at tom.corrigan@wsj.com
Absolutely amazing day. Looking forward to more 8-k's next week confirming progress.
Great week, looking forward to next... enjoy the weekend!
No, I spoke with Jack face to face and he directly stated no RS planned for the near term.
power hour should be fun
Ignite Restaurant Group Sale Approved - http://bankruptcompanynews.com/ignite-restaurant-group-sale-approved/
only 4MM O/S and dividends... f#cking amazing
yep still holding my core position over there. thanks, glad to be here.
Seriously... is this real life?
thanks for the 15's, position doubled
Wrong, stay long - https://www.americanbulls.com/m/SignalPage.aspx?lang=en&Ticker=OWCP
Doesn't matter anyways... AB is wrong almost as much as they're right.
Too busy sipping sugar free prosecco lol
Or you could have just done your own DD and not rely on posters.
That's what I gathered as well. Now we wait for the media coverage...
joined the party on this dip
Just an FYI for those who don't already know: the court hearing is scheduled for today, August 17, at 3:00 p.m. (CST) before the Honorable David R. Jones, United States Bankruptcy Court, Southern District of Texas, Houston Division, United States Courthouse, 515 Rusk Street, Courtroom 400, Houston TX 77002 - http://docket_pdfs.gcg.net/IRG/17-33550/579_33550.pdf
Yep, but I don't mind... snagged some 92s and I want more.
Good movie
Lol, I think he's being sarcastic.
absolutely hilarious... doesn't realize he's contradicting himself, too funny.
http://shebamedical.org/ = American Friends of Sheba
http://eng.sheba-hospital.org.il/ + https://eng.sheba.co.il/ = Sheba Medical Center
More coverage trickling in: Some Joe’s Crab Shack restaurants close ahead of ruling
Orlando Sentinel Article:
Joe's Crab Shack closes in Disney-area amid bankruptcy
READ WSJ ARTICLE HERE:
By Tom Corrigan
Aug. 15, 2017 2:48 p.m. ET
Landry’s Inc., a privately held restaurant and casino empire, won a bankruptcy auction to acquire both the Joe’s Crab Shack and Brick House Tavern + Tap chains for $57 million.
Papers filed with the U.S. Bankruptcy Court in Houston show Landry’s had been eager to buy the two chains since their parent company, Ignite Restaurant Group Inc., began searching for a buyer.
A final hearing on the sale, which must receive a judge’s blessing, is scheduled for Thursday before Judge David Jones.
Landry’s, owned by Houston businessman Tilman Fertitta, already operates a broad spectrum of more than 500 restaurants. If the sale is approved, it will gain 112 Joe’s Crab Shack locations and 25 Brick House restaurants, with many concentrated in Texas, Florida and California. Three franchises are located in Dubai, court papers show.
Earlier this year, Landry’s asked a judge to step in when its leading offer, for as much as $60 million, was rejected.
Lawyers for Landry’s said it had been “jilted” when Ignite filed for chapter 11 protection in June seeking bankruptcy court approval of a $50 million lead bid from an affiliate of private-equity firm Kelly Investment Group, which bought casual-dining chain Fox & Hound out of bankruptcy last year.
Landry’s and Kelly eventually resolved the dispute, with Landry’s agreeing to kick off the auction with a $55 million bid.
Ignite employs more than 8,000 people, court papers show. Like many of its competitors in recent years, the business has experienced declining comparable-restaurant sales and income.
Ignite also faced a liquidity squeeze after defaulting on its secured debt earlier this year. The company holds a $30 million revolver and $165 million term loan provided by Credit Suisse AG, Credit Suisse Securities LLC and KeyBank Capital Markets Inc. Private-equity firm J.H. Whitney & Co. holds a majority stake in Ignite, which went public on the Nasdaq Global Select Market in 2012 but was delisted in April.
Purchase offers Ignite received before filing for bankruptcy were either withdrawn or “not viewed as viable,” according to court papers. When it became clear Ignite was not going to snag an offer to keep it out of chapter 11, the company began looking for stalking horse, or lead, bids to set the floor at a bankruptcy court-run auction.
Should the sale to Landry’s fall through, a backup bidder would have the right to buy Ignite’s assets for $56.9 million.
—Lillian Rizzo contributed to this article.
Write to Tom Corrigan at tom.corrigan@wsj.com
SIGNED and STAMPED agreement with Sheba Medical Center since we're back on this topic... again.
This 8-K (www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11781669 ) includes the Research Agreement which is stamped and signed (pic below) by what appears to be Dr. Dror Harats with title "Deputy Director General Manager For Medical Research Affairs, Medical Research and Development Fund for Health Services Branch, The Chaim Sheba Medical Center" along with signature from former OWCP CEO, Ziv Turner
I think this is enough proof that OWCP and Sheba are collaborating... a post on Sheba's website is unnecessary tbh.
100k wall at .322... what an asshole
Quiet before permit issuance
Is the 30 second holographic James Dean commercial at Griffith Observatory still happening?
Took a few hours to mostly fill, bid was .045, not a MM.