Ignite Restaurant Group Inc (fka IRGTQ)

[Joe Crab]

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