Southern Concepts Restaurant Group Inc (RIBS)

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So true.
A R/S on an old shell is a maneuver to strip out old restricted share holders that dont play ball.

Like in here. It’s still showing Roth hold 40m shares.
I’d assume if Ross bought the old debt in RIBS, it was for those 40m.

I was hoping he concentrated control in the 10 series A shares and retire the restricted block back into treasury.

But who knows what is going on behind the curtain.
125m is a crazy low A/S. 500m wouldn’t freak anyone.
How is he going to do anything if he doesn’t think the 10 P-shares are not Lagit? I pray Roth is long gone out of the picture. I can see Ben and DiMaggio working together.

If the 10 Series A are not legal, then common shareholders hold control of this.
Restricted are at 40% of the O/S.
Who wants to live through shareholder meetings to do anything. Another tine suck, but might be demanded by law. OTC Markets might demand one. If new control needs to be issued, they gotta ask us. They gotta ask to us do anything. R/S or F/S or A/S rise.

I find this all fascinating.
If they can’t rectify the P-shares, this is going sub penny.