Sure, all this sounds so believable. Are you Joe’s colleague at the HF? How would Jim feel if you knew you were talking his business on a public message board lol. Pretty sure you are just a troll like Botts lol. Can’t scare us bro!
Thanks Jason. All restaurants struggle with minimum-wage increases; but it's good to hear that "the restaurants are doing okay."
I think he's comfortable running his restaurants and not dealing with the madness he encountered with Wall Street.
Yeah ... it sure seems that way. But he went public, and people bought his stock. It doesn't matter if he's "comfortable" not having to deal with public financials and being on the market. He owes it to his shareholders. That is part of the deal of going public. The way he went private wasn't fair to his shareholders, especially since he didn't go out of business (which is the real risk of owning stock). If he intends to stay private forever, then he's cheated his shareholders. (But I don't have to tell you that.)
Maybe he's just got a really good poker face.
Thanks again for dropping in and posting.
-- edit -- He's also got Brenda Hamilton working for him. Given her reputation, her advertised expertise in going public, and her crowing the-bad-guys-got-theirs blog posts (about stock cheats), it's hard to believe she's on his side if he's going to defraud his shareholders by remaining private via revocation (and not being private by a stock buy-back).
Delisting can damage the company's reputation and make it difficult to attract new customers and employees.
The Importance of Compliance Programs for Delisting and Insider Trading
Compliance Programs for Delisting
When a company decides to delist from a stock exchange, it is important to have a compliance program in place to ensure that the process is conducted in accordance with SEC rules and regulations.
A compliance program should include policies and procedures for disclosing material information to investors, notifying the stock exchange of the delisting decision, and conducting the delisting process in a transparent manner.
Failure to follow these rules can result in legal and reputational risks.
Penny-- We talked mostly about business conditions, and I mentioned that there "are tons of people waiting for a re-launch", and he was surprised by this comment.
He then shrugged it off and mentioned that the restaurants are doing okay but would be better if the Denver minimum wage was decreased. (I think the Denver minimum wage is $18).
Nothing to give me hope that this is coming back. I'm tempted to go to Takiza next Friday night, but really what is there to learn?
He's been radio silent for years, even to us the initial 27 investors.
I think he's comfortable running his restaurants and not dealing with the madness he encountered with Wall Street.
None of this changes what I wrote in my threads/statements in March of this year.
Delisting can damage the company's reputation and make it difficult to attract new customers and employees.
The Importance of Compliance Programs for Delisting and Insider Trading
Compliance Programs for Delisting
When a company decides to delist from a stock exchange, it is important to have a compliance program in place to ensure that the process is conducted in accordance with SEC rules and regulations.
A compliance program should include policies and procedures for disclosing material information to investors, notifying the stock exchange of the delisting decision, and conducting the delisting process in a transparent manner.
Failure to follow these rules can result in legal and reputational risks.