Can't agree with you anymore. The management has been suppressing the true value of the company for a long time. They were also stripping the company for themselves at one time selling real estate within the company to themselves using probably valuation practices in their favor. They told us delisting with the SEC in 2012 was for value enhancing purposes but they used that as a way to shield for aggressive reporting requirements and make the operations of the company less visible to investors. This company has less debt and well groomed for the future and they want to cut us out so they can pay dividends to themselves and avoid paying US corporate taxes. The company is worth 32 a share easy if the management allowed for normal non overhyped publicity which is what they want to avoid. 2X revenues is at the minimum respectable considering they are forcing others out. They won't sell to anyone else, ask yourself why is that? Why would they want the company just for themselves. Isn't it reasonable for the them to find a CEO who isn't part of the investor group and who is exercising his fiduciary duty to all the investors or atleast including the investor group as part of their plan for the future instead of shutting them out. Pizza Hut rights in brazil on their own could be worth have the current valuation, Lets hope the board isn't as bias as they were before. They were made of people who had worked for the company before. Also they stock price drops within the year to which they were giving a premium over must have been the investor group trading shares between each other in some form because only one 1% of the shares have gone to them since the last buyout proposal and the volume over the course of the year has exceeded that. Could be wrong about all this lets hear your thoughts.
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.