Replies to post #2268 on Ignite Restaurant Group Inc (fka IRGTQ)

[rbtree]

That is exactly what I was saying all along. And caught flak for it... Now the cheerleaders have flown the coup...

[VelvetJones]

I have to ask this of anyone who truly thought they would get something. Do you have ANY sort of education in securities law and public companies? Judging from many of these posts I would say NO. If IRGTQ had been "bought" your shares would already be gone and you would have been paid. They also tell you before hand that this is going to happen and what the price would be. There would also likely be a share holder vote. That is how public companies work. When someone buys the assets at an auction, it's exactly that, the assets are sold. The corporation did not change hands. Bag-holders, I mean shareholders, are left "owning" a worthless shell that has millions or billions of liabilities attached to it.

[hockeypond]

So Landry's bought the assets only; the second part you mentioned reorganization. My question is reorganization of what? There is nothing left.