Southern Concepts Restaurant Group Inc (RIBS)

[Squirrely_McShitty]

And there is, as I laid out in that earlier post, NO FORESEEABLE REASON why $RIBS will not go current. Applied before June 30 & everything. $RIBS is, I believe, one of the best intermediate-term buys on the OTCM today.

Let just spitball this for a mitute.

125mm AS
97.5mm OS
72mm restricted shares
25.5mm unrestricted
19.5mm at DTC
13mm float

Current MC on 7/6 is about 5mm

I am not going to go over all the DD again (it's only two posts away...obviously I am not just shooting the breeze with you, Fink. Hopefully someone else will read this too). But we know Ben & J.W. are going to cancel some shares, most likely the restricted shares. Let's say they cancel & the MC remains the same. That leaves you with 25.5mm total OS...

5 ÷ 25.5 = .1960/share

So just do that & price quadruples.

But I think you're saying just the float accounts for MC. Okay. So...

5 ÷ 13 = .3846/share

That's like...over seven bags!

Let's say, about three or four months from now, $RIBS is now current and Ben & J.W. have found a decent candidate to take the shell over. We will be somewhat conservative & say Ben & J.W. only canceled the 72mm restricted shares, leaving us 25.5mm shares. Let's say our candidate has revenues of around 400mm a year & profit around 50mm a year. Skipping multipliers, just using a straight profit to stock price valuation...

50 ÷ 25.5 = 1.96/share...or about 3900% profit in what? Four to 12 months tops? That wouldn't be too bad for the son of a crack dealer & a lesbian priest. If I were indeed that son. Which I may be.

But I am just a lowly political scientist. I am sure someone can produce better estimates than these. But either way, I think the point is made.