Barry Segal Vs Brazil Fast Foods. It was described in the merger agreement as a punatative class action lawsuit, Additionally there was a separate suit filed that has been brought by a stockholder seeking to compel inspection of books and records pursuant to DGCL Section 220 (Rimat Advanced Technologies, Ltd. and David A.M Holding Ltd....I agree with you I believe they original buyout was a hit job, trying to reincorporate in brazil serves only the insiders and a TRO should be taken to stop any such action ......I was wondering if you have an email and when we can discuss our position in greater length.
Anyone out there still own this stock except the insiders? Would like to speak to some fellow owners of the stock in regards to the lawsuit filed against the company in regards to breach of fiduciary responsibilities and compelling of books from the company. The company had originally told us they were delisting from the SEC to save money and focus on value enhancing activities but then they tried to buy the company out from under the minority interest for 2$ less then the trading price in an environment where companies are being bought out at substantial premiums and trading at higher multiples? Makes it hard to trust management and feel like they are working for the interest of shareholders. Any thoughts?
The answer to your question is that it could be them just playing ping pong to infinity. The stock market is a scam if you buy any stock owned by an institution such as fidelity, vanguard, goldman etc. The truth is they don't want you to know the truth because they are sociopaths and they are pawns to the federal reserve and the system which failed in 2001 and 2008 and will continue to fail as long as their is a small group of elite who have rigged the game in their favor. And they try to call it capitalist democracy? No such thing in a dictatorial money supplier. vfvfvfvfvfvfvf
The answer to your question is that it could be them just playing ping pong to infinity. The stock market is a scam if you buy any stock owned by an institution such as fidelity, vanguard, goldman etc. The truth is they don't want you to know the truth because they are sociopaths and they are pawns to the federal reserve and the system which failed in 2001 and 2008 and will continue to fail as long as their is a small group of elite who have rigged the game in their favor. And they try to call it capitalist democracy? No such thing in a dictatorial money supplier.
I don't think they have ever bought shares the collusion of institutional traders and CEOs is mind boggling. The funny thing is I see that mutual funds run by institutions are buying this #$%$ on behalf of the entire USA public that gives it to coked out fund managers.
Actually they are making 2 billion in revenue which if you think about it is billions, which is plural for a billion
Its interesting how the news around the fact that they have been investigated by the SEC and they may have to pay 400 million for taxes related to the separation from mcd is constantly suppressed. Whether I am long, short, or have no position it does not matter, its just interesting.
Voted No and requested appraisal rights.
Don't you think this below is a conflict of interest considering the investor group consists of mainly people from the board of directors. They wrote the agreement and we say yes they get a company for peanuts and if we say no they get a million dollars. They can then just write another agreement and get another million dollars and we can say no again destroying our shareholder value. Seems very suspicious.
The transaction is subject to other customary conditions, in addition to the stockholder approval described above. If the Company terminates the merger agreement because the Company’s Board of Directors authorizes entering into an Alternative Acquisition Agreement (as defined in the merger agreement), or if the Investor Group terminates the merger agreement because the Company’s Board of Directors changes its recommendation of the Investor Group’s offer, the Company must pay the Investor Group a US$1 million termination fee.
The proper price is well over 20$ with current multiples of growth companies and non growth companies. The fact that US$ is worth less and the brazlian reais will appreciate well into the summer. They are trying to rip off us off and I will not let my shares go for that. MCD trades at 20 X earnings, chipotle trades at 44X earnings, pnra 20X. This company has had huge growth potential and they think they can buy me out at less than I plowed all my savings into this company and they won't take me out. This company has the potential to be valued at over a billion dollars if they re IPO. All shareholders stay strong they are trying to steel the potential we paid for.
I wouldn't be suprised if gundlach was working for the guys playing ping pong with this stock. And all this talk about einhorn is #$%$. He got out a long time ago.