Pizza parlors is all old news, They ar nothing but shell now ,they don't own nothing, Bobby Vs and Philly deal fell through because they could not get financing for $8.1 mil.
Please read old filings and you will learn something.
now this deal fell through they are again a SHELL because they don't own anything, or any LOI for any other properties.
From 8K nov. 15 2012
Section 5.06 -Change in Shell Company Status.
Management has reconsidered the disclosure in the original report that we became a “shell company”, as defined in the federal securities laws, on November 15, 2012. Management has determined that we were not a “shell company” during the period beginning November 15, 2012 and ending on November 20, 2012 and are not now a shell company, based on the following facts. Our business plan beginning in 2011 was, in part, to add by acquisition restaurant businesses in addition to our pizza restaurant and sports bar and franchising operations disposed of on November 15, 2012. Management had an additional acquisition under negotiation beginning on about July 23, 2012, but was uncertain as to whether or not an agreements could be achieved, or the period of time required to achieve agreements in principal for the acquisition. On November 20, 2012, as a result of these negotiations, we entered into a non-binding letter of intent to acquire a total of nine Kentucky Fried Chicken* franchise stores, including associated real estate, located in Florida and Georgia, in business beginning in the early 1970s. We expect to move toward definitive agreements for these acquisitions; and will report entry into such agreements under Section 1, Item 1.01 of Form 8-K upon signing. The definitive agreements and closings are subject to financing in an aggregate amount of $11,450,000, among other customary requirements.
*Kentucky Fried Chicken is a trademark of KFC Corporation.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
BELLA PETRELLA’S HOLDINGS, INC.
/s/ John V. Whitman, Jr.
John V. Whitman, Jr.
Chief Executive Officer
November 21, 2012
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