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Lawrence 147

05/08/12 7:51 PM

#19 RE: Rich #18

Rich see your post 11-13 TAST spun off its most profitable restaurants and they started trading today under FRGI around $11.10 at the time I checked there had been no trades. One thing I found interesting is the majority of the financing went with the spin off; if I had to guess it would be dilutive financing. Also interest on this financing was also just slightly higher than revenues. It also looked to me that TAST is now primarily a Burger King Franchise holder. They were also loosing money.