Replies to post #285 on Bagger Dave's Burger Tavern (BDVB)

[Rave11]

Very interesting company. Micro cap. I was brought to your attention by this surprise filing yesterday on my micro cap company NROM:

https://seekingalpha.com/filing/6925306

BT Brands has now been buying my company and may be seeking the same type of control. I would love for them to replace our BOD which is a bad case of nepotism. They've been at the helm since the early 70s and we are still market cap not much higher than yours.

I like the value of BT Brands and your company, as well as NROM. I think all 3 are looking like good value. Maybe all 3 will merge into BT eventually. Some highlights on the filing above:
_______________________________________________
Some excerpts:

1. Item 4. Purpose of Transaction
Mr. Copperud has been involved in the restaurant industry for more than 15 years as an executive of BTB. Mr. Copperud began acquiring and selling his shares of Common Stock for investment purposes believing that the Common Stock represented an investment opportunity. In July 2022, Mr. Copperud discontinued effecting transactions in the Common Stock for his personal account and, in his capacity as an executive officer of BTB, advised BTB to start acquiring Common Stock for the same reason.

2. The Reporting Persons have previously engaged in a discussions with a member of the Board of the Issuer regarding possible financing alternatives
available to the Issuer, including a discussion by the Reporting Persons (and certain of their affiliates) as to possible approaches to refinance on better terms the
Issuer’s $8.5 million senior secured promissory note that bears interest at the rate estimated to be approximately 18% per annum requiring the Issuer to make
monthly payments of $33,000 beginning in February 2023. Nothing discussed by the Reporting Persons constitutes a current or present plan or proposal of the
Reporting Persons (or any of their affiliates) with respect to the Issuer.
___________________________________________________

May I ask y'all's thoughts on the former mgmt. and now your new BOD? I'd appreciate the good, bad, and ugly. Hold nothing back please.

Your units are priced at $500,000 each. That seems a steal. Both you and BT Brands have a strong current ratio. Good cash on the books relative to size. Sleepers for now, but BT Brands seems like they've been aggressive with growth this year after a private placement. They haven't been public very long. I'm interested...