Replies to post #169 on Ignite Restaurant Group Inc (fka IRGTQ)

[saladbar]

THIS is why you should buy NOW!!!

...and people aren't really even talking about this so much...

The impact AFTER the transition…

Forget the bid price for a second...

This company did $34.2M in June 2017 which equates to the following…

$410,936,796 in annual revenue generated from 110 current locations.

That’s $3.73M per location which at $25.00 per average check equates to…

407 customers per day walking through their doors on the average at each location.

Once you clean up the operations and get everything streamlined, what’s the first thing a seasoned operator like Tilman will do from there? He'll grow his revenue base in the existing locations through a focus on quality products, a significant upgrade in customer service, food turn around times, etc. You grow that 407 customers to 500 or better...that's step one.

And then what will he do? He'll expand the footprint beyond 110 locations as an effort to increase overall company revenue...

Just for starters, we have a $410M revenue company with 26.16M shares outstanding.

I don’t have a calculator handy so I’ll just let you do the math on where this one STARTS, not even where it finishes… GLTA UF

[the third leg]

Very possible this turns into a serious short squeeze. I've been in them before, they do happen especially on zero dilution. Bid support, ask slapping and before you know it they are buying over the ask
Yup
Irgtq