Corner of Berkshire & Fairfax Message Board

General Category => Investment Ideas => Topic started by: Parsad on January 22, 2013, 01:10:34 PM

Title: HOTR - Chanticleer Holdings
Post by: Parsad on January 22, 2013, 01:10:34 PM
Redesign of the restaurants:

http://www.huffingtonpost.com/2013/01/18/hooters-redesign_n_2503130.html?utm_hp_ref=email_share#slide=1999851

Also, an update by head office...nice to see that they are improving efficiency and margins.  That burn rate every quarter is a killer, so they need to get profitable fast.

http://finance.yahoo.com/news/chanticleer-holdings-provides-corporate-134500949.html

Cheers!
Title: Re: HOTR - Chanticleer Holdings
Post by: Hawks on February 01, 2013, 10:56:38 AM
Sanj -have you maintained your position in HOTR?
Title: Re: HOTR - Chanticleer Holdings
Post by: Parsad on February 01, 2013, 12:52:41 PM
Sanj -have you maintained your position in HOTR?

Hi Hawks,

Yes, we have not sold a share.  If it goes down more, we will be buying.  Cheers!
Title: Re: HOTR - Chanticleer Holdings
Post by: DynamicPerception on February 13, 2013, 10:03:43 AM
Has it gone down enough yet?
Title: Re: HOTR - Chanticleer Holdings
Post by: Parsad on February 13, 2013, 10:28:14 AM
Has it gone down enough yet?

You tell me!   ;D  Cheers!
Title: Re: HOTR - Chanticleer Holdings
Post by: Parsad on March 09, 2013, 12:51:33 PM
Hooter's Is Chasing Women - As Customers:

http://www.cnbc.com/id/100536902

Cheers!
Title: Re: HOTR - Chanticleer Holdings
Post by: Palantir on March 10, 2013, 09:19:57 AM
I'm skeptical this is a good idea. Hooters has a niche, and a brand, and by moving away from that they become more generic. Why not go all in on the man cave while improving food?
Title: Re: HOTR - Chanticleer Holdings
Post by: MYDemaray on March 10, 2013, 07:36:20 PM
Hooter's Is Chasing Women - As Customers:

http://www.cnbc.com/id/100536902

Cheers!

You guys catch Saturday Night Live Weekend Update yesterday?  "Hooters trying to attract women with salad is like trying to get women into your sex dungeon by playing Adele in the background". Ouch.
Title: Re: HOTR - Chanticleer Holdings
Post by: Parsad on March 10, 2013, 09:44:48 PM
Hooter's Is Chasing Women - As Customers:

http://www.cnbc.com/id/100536902

Cheers!

You guys catch Saturday Night Live Weekend Update yesterday?  "Hooters trying to attract women with salad is like trying to get women into your sex dungeon by playing Adele in the background". Ouch.

Yeah, I thought that was funny. 

I agree, I don't think they need to do anything specific to attract women.  Women go to nightclubs, they go to strip clubs...I think women don't go to Hooters because the food was shit and the restaurants looked like the inside of run down shacks.  I don't go to Hooters because the food is so bad.  If they improve the restaurants and improve the food, they will attract more customers...men and women. 

There are restaurants in Vancouver where the hostesses wear far more revealing and tighter dresses than the outfits at Hooters...and they are packed with women customers, because the atmosphere is stylish and the food is terrific.  Cheers!
Title: Re: HOTR - Chanticleer Holdings
Post by: LC on March 19, 2013, 06:53:32 AM
...I think women don't go to Hooters because the food was shit and the restaurants looked like the inside of run down shacks.  I don't go to Hooters because the food is so bad.  If they improve the restaurants and improve the food, they will attract more customers...men and women. 

There are restaurants in Vancouver where the hostesses wear far more revealing and tighter dresses than the outfits at Hooters...and they are packed with women customers, because the atmosphere is stylish and the food is terrific.


Sanjeev,

I could not find a good reason to invest in HOTR. You have not talked about reasoning behind investment in HOTR, what is holding you back?

The way I feel is that a patron can get exactly what they get at hooters (scantily-dressed women and hot wings) at just about any bar these days but without the "skeevy" factor.
Title: Re: HOTR - Chanticleer Holdings
Post by: MYDemaray on March 19, 2013, 07:22:46 AM
...I think women don't go to Hooters because the food was shit and the restaurants looked like the inside of run down shacks.  I don't go to Hooters because the food is so bad.  If they improve the restaurants and improve the food, they will attract more customers...men and women. 

There are restaurants in Vancouver where the hostesses wear far more revealing and tighter dresses than the outfits at Hooters...and they are packed with women customers, because the atmosphere is stylish and the food is terrific.


Sanjeev,

I could not find a good reason to invest in HOTR. You have not talked about reasoning behind investment in HOTR, what is holding you back?

Sanjeev -- do you know the guys at Chanticleer?  Is that part of your rationale -- since they are basically value portfolio managers who get capital allocation?
Title: Re: HOTR - Chanticleer Holdings
Post by: Parsad on March 19, 2013, 09:52:54 AM
...I think women don't go to Hooters because the food was shit and the restaurants looked like the inside of run down shacks.  I don't go to Hooters because the food is so bad.  If they improve the restaurants and improve the food, they will attract more customers...men and women. 

There are restaurants in Vancouver where the hostesses wear far more revealing and tighter dresses than the outfits at Hooters...and they are packed with women customers, because the atmosphere is stylish and the food is terrific.


Sanjeev,

I could not find a good reason to invest in HOTR. You have not talked about reasoning behind investment in HOTR, what is holding you back?

Sanjeev -- do you know the guys at Chanticleer?  Is that part of your rationale -- since they are basically value portfolio managers who get capital allocation?

Partly...and partly because somehow Mike Pruitt wheels and deals his way to get things to happen.  I don't always agree with what happens at Chanticleer...high burn-rate of capital on a quarterly basis, abandoning the fund management side a bit to focus on the restaurants, audit committee failure regarding the fraud, hiring an IR firm, etc.  But somehow Mike keeps things afloat when most other people would have hit a wall and collapsed.  You can't teach that! 

If the credit crisis did not happen, Chanticleer would have closed that initial deal with Texas Wings and Hooters Inc and we would not be having this conversation.  Instead, they lost time, burned through the cash they had, Mike had to support the business himself, and then he finally wheeled and dealed his way to closing the entire consolidation of the Hooters brand, while getting the right to expand the brand internationally. 

It is a bet for me on the people there, not on the business itself, margin of safety or anything else.  It's solely on the people.  I don't usually do that, but we've been with them a long time.  We have not added to the stock recently, but would if it went below book.  We're just going to go for a ride on this one, and see where it take us.  Cheers! 
Title: Re: HOTR - Chanticleer Holdings
Post by: Parsad on March 22, 2013, 02:30:59 PM
Hmmm...some good news I think:

http://www.sec.gov/Archives/edgar/data/1106838/000114420413016995/v339035_8k.htm

Looks like Chanticleer is exiting the investment business directly, and Joe and Matt will focus on a new investment vehicle.  I'll wait to see what the structure exactly looks like, but it's good for Mike to focus on the restaurant business, while Matt and Joe focus on the investment vehicle.  I suspect Chanticleer will have some sort of arrangement with the newco as a majority shareholder, but we'll have to see.  Cheers!
Title: Re: HOTR - Chanticleer Holdings
Post by: Philip Morris IV on April 04, 2013, 04:33:57 PM
Parsad - this an interesting one!  I could be wrong but it looks like they are emphasizing franchising and management, and offloading some of the early ownership burden onto the LPs.  I'm wondering how they carry their 3.1% interest in HOA.  So long as HOA is worth more than $200M, that interest alone is worth their current market cap.  And with 400+ locations it seems likely.

A concern is that they are positive about raising more equity to pay off debt in the near future, so share dilution seems inevitable.
Title: Re: HOTR - Chanticleer Holdings
Post by: Parsad on April 04, 2013, 04:49:42 PM
Parsad - this an interesting one!  I could be wrong but it looks like they are emphasizing franchising and management, and offloading some of the early ownership burden onto the LPs.  I'm wondering how they carry their 3.1% interest in HOA.  So long as HOA is worth more than $200M, that interest alone is worth their current market cap.  And with 400+ locations it seems likely.

A concern is that they are positive about raising more equity to pay off debt in the near future, so share dilution seems inevitable.

Also, I was disappointed to read that they will only have a minority stake in the new investment entity that Matt and Joe will be running.  One of the biggest reasons I originally invested in Chanticleer is because they were involved in the money management business, and I thought Matt and Joe were two terrific small/micro-cap analysts. 

I'm also dumbfounded how Chanticleer Advisors was costing $50,000 a quarter to Chanticleer Holdings?  The total expenses for our fund last year were about $12,500, and we manage more than Advisors, so how the hell did it cost Holdings about $200K?  Cheers! 
Title: Re: HOTR - Chanticleer Holdings
Post by: Philip Morris IV on April 04, 2013, 05:04:30 PM
That does seem expensive.  It wouldn't include salaries for them, right?

I like that Chanticleer only has 55 shareholders of record.  lol
Title: Re: HOTR - Chanticleer Holdings
Post by: rkbabang on July 03, 2013, 08:01:32 AM
I like his analogy of restaurants being the top of the "economic food chain".


"Looking For The Next Buffalo Wild Wings? Try Hooters" (http://seekingalpha.com/article/1532632-looking-for-the-next-buffalo-wild-wings-try-hooters?source=email_rt_article_title)

"HOTR is just $11M. Losses could be total if Brazil fails in 2016. But in terms of the risks of these two stocks, unconventional wisdom says that BWLD at this point in time is even riskier than HOTR for the reasons outlined above. That, and the potential gains, if Chanticleer gets its act together and decentralizes by 2016, are much larger than BWLD's 756% from IPO to date."
Title: Re: HOTR - Chanticleer Holdings
Post by: rkbabang on August 14, 2013, 06:37:08 AM
HOTR is diversifying, buying a burger chain.

"Chanticleer Holdings Announces Signing a Non-Binding Letter of Intent to Acquire American Roadside Burgers

CHARLOTTE, NC -- (Marketwired) -- 08/14/13 -- Chanticleer Holdings, Inc. (NASDAQ: HOTR) ("Chanticleer Holdings" or the "Company"), headquartered in Charlotte, N.C., announced today that the Company has signed a non-binding Letter Of Intent to purchase all of the outstanding shares of American Roadside Burgers, Inc. ("ARB"), a Charlotte, N.C.-based chain of 5 restaurants...
"

http://ir.stockpr.com/chanticleerholdings/company-news/detail/574 (http://ir.stockpr.com/chanticleerholdings/company-news/detail/574)
Title: Re: HOTR - Chanticleer Holdings
Post by: Gamecock-YT on August 14, 2013, 08:37:21 AM
Interesting. Always drive by their location in South Charlotte, but never been....might have to go now!
Title: Re: HOTR - Chanticleer Holdings
Post by: rkbabang on August 14, 2013, 09:03:12 AM
Be sure to report back if you do.  HOTR is just a little over a 5% position for me, but I'd be interested in the report none the less.
Title: Re: HOTR - Chanticleer Holdings
Post by: OracleofCarolina on August 14, 2013, 04:10:13 PM
http://www.charlotteobserver.com/2013/08/14/4236763/charlotte-operator-of-hooters.html

I have been to American Roadside Burgers multiple times as it was within walking distance of my condo. I thought it was good, high-quality, fast casual burger joint. I am not a big burger guy so i usually went with a chicken sandwich. This particular location had a big lunch crowd and was slow at night. Many times I would be the only person in there if I went on the weekend when nothing was going on in uptown Charlotte.

Seems like a great win to have Lewison join the board. Bojanges was one of my favorite places in my younger days..now my system can't handle the spicy fried food that is so good from Bojangles : )
Title: Re: HOTR - Chanticleer Holdings
Post by: cmattporter on August 14, 2013, 05:00:57 PM
I thought this was a VI forum?
Title: Re: HOTR - Chanticleer Holdings
Post by: OracleofCarolina on August 30, 2013, 04:25:22 PM
http://www.charlotteobserver.com/2013/08/30/4276226/chanticleer-looks-to-grow-globally.html

update on Chanticleer and brief interview with Mike Pruitt.
Title: Re: HOTR - Chanticleer Holdings
Post by: OracleofCarolina on October 09, 2013, 08:16:39 PM
http://m.bizjournals.com/charlotte/print-edition/2013/10/04/how-global-growth-tops-the-menu-for.html?ana=sm_clt_ucp5&b=1380816229%5E12917512&r=full

another update on Chanticleer
Title: Re: HOTR - Chanticleer Holdings
Post by: rkbabang on October 10, 2013, 06:31:26 AM
http://www.charlotteobserver.com/2013/08/30/4276226/chanticleer-looks-to-grow-globally.html
update on Chanticleer and brief interview with Mike Pruitt.

From ^^ that article:

Quote
Q: What’s the next big thing for Chanticleer?

Our lead banker … when I asked him, “What would you do if you were me?” his response was, “You’re building some pretty impressive people and teams in these international markets. You could position Chanticleer to be the first call made by successful U.S. brands who want to expand internationally.”

Q: And are you thinking about doing that?

I haven’t done anything to promote that, but I can tell you there’s a burger chain in this country, that’s iconic, that’s already approached me. I’ve had another significant company, a juice company, approach me. So I’m already being approached by concepts.

And today they are raising more cash: 

Chanticleer Holdings Announces $1.6 Million Equity Financing (http://ir.stockpr.com/chanticleerholdings/company-news/detail/624)
Title: Re: HOTR - Chanticleer Holdings
Post by: rkbabang on November 05, 2013, 08:25:28 AM
Chanticleer Holdings Announces Acquisition of Just Fresh Restaurants (http://ir.stockpr.com/chanticleerholdings/company-news/detail/664)

Quote
"it has acquired a 51% stake in JF Restaurants, LLC and JF Franchising Systems, LLC, owners of the Charlotte-based Just Fresh Restaurant chain. The Just Fresh restaurant chain first opened in 1994 and currently operates 5 company owned locations throughout North Carolina ... "I look forward to working with Shelly Curtin and her great team, as well as the current owners who remain as minority partners moving forward," Mr. Pruitt added."
Title: Re: HOTR - Chanticleer Holdings
Post by: fuluvu on November 25, 2013, 11:53:09 AM
Mike Pruit's favorite game and he is very good at it. But, where is the profit?

Chanticleer Holdings Announces Closing of Private Placement With Accredited Investors, Raising $800K capital; 11/13/13
http://ir.stockpr.com/chanticleerholdings/company-news/detail/684/chanticleer-holdings-announces-closing-of-private-placement-with-accredited-investors
Title: Re: HOTR - Chanticleer Holdings
Post by: Gamecock-YT on November 25, 2013, 07:48:44 PM
Chanticleer Holdings Announces Acquisition of Just Fresh Restaurants (http://ir.stockpr.com/chanticleerholdings/company-news/detail/664)

Quote
"it has acquired a 51% stake in JF Restaurants, LLC and JF Franchising Systems, LLC, owners of the Charlotte-based Just Fresh Restaurant chain. The Just Fresh restaurant chain first opened in 1994 and currently operates 5 company owned locations throughout North Carolina ... "I look forward to working with Shelly Curtin and her great team, as well as the current owners who remain as minority partners moving forward," Mr. Pruitt added."

Never been a fan. But with the prices they charge, someone must be making a tidy profit.
Title: Re: HOTR - Chanticleer Holdings
Post by: rkbabang on December 02, 2013, 10:48:07 AM
Chanticleer Holdings Announces Investment in Beacher's Madhouse in Las Vegas, Nevada (http://finance.yahoo.com/news/chanticleer-holdings-announces-investment-beachers-183610646.html)

"Chanticleer Holdings, Inc. announced today that is has made a $500,000 investment in the new Beacher's Madhouse to be located in Las Vegas, Nevada...

As part of the investment into Beacher's Madhouse, Chanticleer received the right to participate in the financing of up to 25% offered to third party investors in any new Beacher's Madhouse location as well as the exclusive rights to the United Kingdom, South Africa and Australia."
Title: Re: HOTR - Chanticleer Holdings
Post by: OracleofCarolina on December 02, 2013, 04:59:47 PM
A lot of activity recently from Chanticleer(Just Fresh, American Roadside, new Hooters), it has been fun watching and I hope they succeed.

Today, they announced an investment in "Beacher's Madhouse" opening in Las Vegas. Any boardmembers been to a Beacher Madhouse show? It looks like a crazy event.

As far as I can tell, they invested $500,000 plus gave around 50,000 shares and in return get the option to purchase into new "Beacher's Madhouses" that may or may not open.

http://www.sec.gov/Archives/edgar/data/1106838/000114420413065009/v361932_ex99-1.htm
Title: Re: HOTR - Chanticleer Holdings
Post by: rkbabang on December 03, 2013, 08:05:21 AM
They have been busy lately.  Anyone know the size of Chanticleer Holdings's investment in NCNE?

Appalachian Mountain Brewery to Acquire North Carolina Natural Energy (http://www.globenewswire.com/news-release/2013/12/03/594194/10060031/en/Appalachian-Mountain-Brewery-to-Acquire-North-Carolina-Natural-Energy.html)

"Notably, one of NCNE's shareholders, Chanticleer Holdings, Inc. (Nasdaq:HOTR) and its CEO Mike Pruitt, played a key advisory role in facilitating this combination. "Sean and his team have created international award-winning craft beers that are gaining brand recognition throughout our region. We look forward to showcasing AMB's craft beers in our restaurants and assisting in its regional distribution. Our Company will continue to assist AMB in its growth and expansion to becoming a global brand," Mike Pruitt commented.
Title: Re: HOTR - Chanticleer Holdings
Post by: OracleofCarolina on December 03, 2013, 08:55:27 AM
their last 10-Q says they owned 100,000,000 shares of NCNE(less than 1%) valued at $1500, yes $1500

http://www.sec.gov/Archives/edgar/data/1106838/000114420413062222/v360108_10q.htm
Title: Re: HOTR - Chanticleer Holdings
Post by: Parsad on December 03, 2013, 10:38:19 AM
Mike's well-connected and is very busy, but the only thing that matters long-term is creation of value relative to the amount of dilution happening.  Last I checked, this was still not happening if you looked at the bottom line.  I hope it happens at some point for shareholders, because busy for the sake of being busy, isn't usually the way to go.  All these acquisitions, but is it actually generating positive cash flow?  Are they going to be profitable at some point?  Cheers! 
Title: Re: HOTR - Chanticleer Holdings
Post by: rkbabang on December 03, 2013, 11:01:24 AM
Mike's well-connected and is very busy, but the only thing that matters long-term is creation of value relative to the amount of dilution happening.  Last I checked, this was still not happening if you looked at the bottom line.  I hope it happens at some point for shareholders, because busy for the sake of being busy, isn't usually the way to go.  All these acquisitions, but is it actually generating positive cash flow?  Are they going to be profitable at some point?  Cheers! 

The dilution is what concerns me the most. Not only all the shares they are issuing, but there are a lot of $5 and $7 warrants around as well, which means even more dilution if the stock gets above those levels. I have about a 5% position and also have some of those warrants. It is certainly an interesting company to follow.

Title: Re: HOTR - Chanticleer Holdings
Post by: Carvel46 on December 03, 2013, 02:22:00 PM
Excellent insight Parsad!
Do you think Mike has the right temperament?
He's buying all these call option concepts.
Mike was starved for capital for so long, I wonder if he's developed some sort of deal maker envy.
I wish I knew more about Robert Brooks.
http://en.wikipedia.org/wiki/Robert_H._Brooks
Title: Re: HOTR - Chanticleer Holdings
Post by: Parsad on December 03, 2013, 02:44:01 PM
Excellent insight Parsad!
Do you think Mike has the right temperament?
He's buying all these call option concepts.
Mike was starved for capital for so long, I wonder if he's developed some sort of deal maker envy.
I wish I knew more about Robert Brooks.
http://en.wikipedia.org/wiki/Robert_H._Brooks

Well, I think Mike is probably one of the most creative guys I know when it comes to getting a deal done.  But if your business is not profitable or not creating value relative to the dilution for acquisitions, then you are going backwards.  We have not seen any substantial increase in net positive cash flows, no improvement in the balance sheet other than from all the cash brought in through share issues, and quarterly losses remain huge! 

We sold all of our stock earlier in the year once they got out of the asset management business, so that sucks for us since the market thinks things are improving and the stock is much higher.  It looks like they are aiming to grow their way to profitability and I'm not a fan of that type of thought process.  All the capex and risk in the businesses they own and are acquiring...why would anyone leave a business like asset management where there is no capex and little risk?  Just a mish-mash of businesses now with no real improvement in the bottom line.  Cheers!
Title: Re: HOTR - Chanticleer Holdings
Post by: rkbabang on December 05, 2013, 06:31:42 AM
Another day another acquisition.  More shares issued.  More $5.50 & $7 warrants issued.  I'm really starting to wonder if he is acquiring good businesses that he thinks will eventually be accreditive or if he is just a serial acquirer. Like stamp collecting.

Chanticleer Holdings Signs Binding Letter of Intent to Acquire Spoon Bar & Kitchen (http://ir.stockpr.com/chanticleerholdings/company-news/detail/734)

Title: Re: HOTR - Chanticleer Holdings
Post by: Parsad on December 05, 2013, 07:09:22 AM
Another day another acquisition.  More shares issued.  More $5.50 & $7 warrants issued.  I'm really starting to wonder if he is acquiring good businesses that he thinks will eventually be accreditive or if he is just a serial acquirer. Like stamp collecting.

Chanticleer Holdings Signs Binding Letter of Intent to Acquire Spoon Bar & Kitchen (http://ir.stockpr.com/chanticleerholdings/company-news/detail/734)

We'll see over time.  The only way to know is to see the financials of the companies he's acquiring.  It will eventually show in Chanticleer's financials as they file each quarter.  Cheers!
Title: Re: HOTR - Chanticleer Holdings
Post by: OracleofCarolina on December 05, 2013, 02:20:10 PM
http://m.dallas.eater.com/archives/2013/12/05/john-tesars-spoon-has-been-sold-but-what-does-it-mean.php

A little bit more color on today's transaction. I think there is room for a fast-casual seafood chain.
Boneheads, in Charlotte and Atlanta, is an awesome concept. If HOTR can do something similar,I think they could do well.

With all these moving parts though and the stock's run up this year, I took a little off the table.
Title: Re: HOTR - Chanticleer Holdings
Post by: rkbabang on January 02, 2014, 10:34:54 AM
Chanticleer acquiring 2 US Hooters Locations, one in Oregon and one in Washington State, and issuing another 600K shares and another 600K warrants.

http://ir.stockpr.com/chanticleerholdings/company-news/detail/774 (http://ir.stockpr.com/chanticleerholdings/company-news/detail/774)
Title: Re: HOTR - Chanticleer Holdings
Post by: hellsten on March 07, 2014, 12:46:15 PM
Up 20% today. I wonder why. Unusually high volume. No news.
Title: Re: HOTR - Chanticleer Holdings
Post by: rkbabang on March 07, 2014, 12:52:15 PM
Up 20% today. I wonder why. Unusually high volume. No news.

Yes huge volume. Someone just decided to buy a lot of shares.    I was thinking about adding under $4 recently and decided I didn't want to allocate any more to this.  It's already a 5% position I don't like holding more than that in a company this size.
Title: Re: HOTR - Chanticleer Holdings
Post by: constructive on March 07, 2014, 01:55:30 PM
Maybe Biglari is buying. Substantial overlap / synergy between Maxim and Hooters skeezy clientele.
Title: Re: HOTR - Chanticleer Holdings
Post by: rkbabang on March 08, 2014, 02:05:36 PM
Maybe Biglari is buying. Substantial overlap / synergy between Maxim and Hooters skeezy clientele.

There's nothing at EnhanceHooters.com (http://enhancehooters.com/) yet.
Title: Re: HOTR - Chanticleer Holdings
Post by: Parsad on March 08, 2014, 03:52:58 PM
Maybe Biglari is buying. Substantial overlap / synergy between Maxim and Hooters skeezy clientele.

There's nothing at EnhanceHooters.com (http://enhancehooters.com/) yet.

Shouldn't that be "EnhancingHooters.com" or "EnhancedHooters.com"?   ;D  Cheers!
Title: Re: HOTR - Chanticleer Holdings
Post by: rkbabang on March 08, 2014, 05:45:31 PM
Maybe Biglari is buying. Substantial overlap / synergy between Maxim and Hooters skeezy clientele.

There's nothing at EnhanceHooters.com (http://enhancehooters.com/) yet.

Shouldn't that be "EnhancingHooters.com" or "EnhancedHooters.com"?   ;D  Cheers!

That's what I was thinking.  When I was posting that before I was half expecting it to lead to some sleazy plastic surgeon's website offering a 2 for 1 special.
 
Title: Re: HOTR - Chanticleer Holdings
Post by: OracleofCarolina on March 31, 2014, 06:54:56 PM
http://ir.stockpr.com/chanticleerholdings/company-news/detail/824

Still losing money...Hopefully things will improve this year
Title: Re: HOTR - Chanticleer Holdings
Post by: moustachio on March 31, 2014, 07:16:22 PM
From 10K:
"Cash requirements and capital expenditures:
 In 2014, we expect to open or acquire one restaurant in each of the following countries or continents – Brazil, Europe and South Africa, and two restaurants in Australia. The Company expects the total cash requirements for these restaurants to be approximately $5.0 million.
In addition, we expect general and administrative expenses to be approximately $3.5-$4.0 million for 2014."

This company looks like it will be a money losing dilution machine for some time to come.
Title: Re: HOTR - Chanticleer Holdings
Post by: ItsAValueTrap on April 01, 2014, 01:46:33 PM
https://web.archive.org/web/20130318090443/http://www.missionir.com/clients.html

They were a former client of Mission IR.

Richard Pearson writes about the Dream Team / Mission IR at
http://seekingalpha.com/article/2112373-behind-the-scenes-with-proactive-inovio-and-unilife

I think it's the same Mission IR???
Title: Re: HOTR - Chanticleer Holdings
Post by: Parsad on April 01, 2014, 03:43:56 PM
From 10K:
"Cash requirements and capital expenditures:
 In 2014, we expect to open or acquire one restaurant in each of the following countries or continents – Brazil, Europe and South Africa, and two restaurants in Australia. The Company expects the total cash requirements for these restaurants to be approximately $5.0 million.
In addition, we expect general and administrative expenses to be approximately $3.5-$4.0 million for 2014."

This company looks like it will be a money losing dilution machine for some time to come.

I have no idea what Mike is doing now!  The company seems to be growing at any cost, regardless of dilution, profitability or any rational plan.  We sold our shares after he sold the asset management business. 

I have no idea what is keeping the stock afloat, because the financials get uglier every year and the number of shares outstanding is ballooning!  Crazy what has happened.  Cheers!
Title: Re: HOTR - Chanticleer Holdings
Post by: ItsAValueTrap on April 01, 2014, 09:22:05 PM
I have no idea what is keeping the stock afloat, because the financials get uglier every year and the number of shares outstanding is ballooning!

Maybe the investor relations firm(s) they hired did a good job?

Or just look at their 10-K.

Legal fees        $   462,491            $   218,562   
Payroll and benefits            990,580                737,339   
Consulting and investor relation fees            1,678,231                534,855   
Travel and entertainment            211,442                173,333   
Other professional fees            269,100                276,200   
Shareholder services and fees            87,943                119,565   
Other G&A            533,842                249,551   

They spent a lot of money on investor relations.  That probably explains why the stock is still afloat and why shares outstanding is ballooning.

They also spent a lot of money on travel and entertainment.

Did any of you read the entire 10-K?  (I sure as hell didn't.)
Title: Re: HOTR - Chanticleer Holdings
Post by: OracleofCarolina on April 02, 2014, 08:45:36 AM
It's hard to try and even keep up with all the shares and warrants issued.....it's also kind of amazing that they own a little bit of HOPS, and that stock seems to be richly valued. Their cost is $1,500 and that little sliver is worth around $60,000. I have read that they make great beer and Pruitt will sell in his restaurants but folks really must think this thing is really going to take off.
Title: Re: HOTR - Chanticleer Holdings
Post by: OracleofCarolina on January 06, 2015, 04:33:21 PM
Looks like Mike was able to unwind one of the deals he made back in late 2013..seems like HOTR got all the shares and warrants back from the deal and Spoon keeps the restaurant.



On December 31, 2014, Chanticleer Holdings, Inc., a Delaware corporation (“HOTR”), entered into an Asset Purchase Agreement (the “Asset Purchase Agreement”) by and between its wholly owned subsidiary Dallas Spoon, LLC, a Texas limited liability company (“Spoon”) and Express Working Capital, LLC d/b/a CapRock Services (“CRS”). The Asset Purchase Agreement was executed in conjunction with HOTR’s decision to close the Spoon Bar & Kitchen restaurant located in Dallas, Texas (the “Restaurant”).
Pursuant to the terms of the Asset Purchase Agreement, Spoon assigned and transferred all of the tangible and intangible assets of Spoon used in the operations of the Restaurant to CRS. In consideration for such assets, CRS assigned and transferred one hundred eighty five thousand shares of HOTR common stock and common stock purchase warrants to purchase one hundred ninety five thousand shares of HOTR common stock to HOTR.
Title: Re: HOTR - Chanticleer Holdings
Post by: rkbabang on February 19, 2015, 06:47:44 AM
They released the details of their rights offering.  1 right to purchase a share at $2 for every share you own on Feb 20th.

http://ir.stockpr.com/chanticleerholdings/company-news/detail/1014

I wasn't going to participate, because I don't want to put anymore into this company, but I just sold half of my shares today at $2.25, so I can buy them back at $2 though the offering.  Maybe I'll try to oversubscribe to end up with a few more shares than I had.

Title: Re: HOTR - Chanticleer Holdings
Post by: OracleofCarolina on April 20, 2015, 07:15:16 PM
Got some checks for the Chanticleer settlement ...forgot all about that lawsuit
Title: Re: HOTR - Chanticleer Holdings
Post by: gfp on January 02, 2018, 10:57:58 AM
Haven't checked in on these guys in a while.  Saw this today, LOL -

https://www.cnbc.com/2018/01/02/chanticleer-to-use-blockchain-for-its-rewards-program.html
Title: Re: HOTR - Chanticleer Holdings
Post by: rkbabang on January 02, 2018, 11:02:41 AM
Haven't checked in on these guys in a while.  Saw this today, LOL -

https://www.cnbc.com/2018/01/02/chanticleer-to-use-blockchain-for-its-rewards-program.html

Ha, Pruitt is such a shameless scammer.  If anyone still holds this today is a good opportunity to sell.
Title: Re: HOTR - Chanticleer Holdings
Post by: KFRCanuk on January 02, 2018, 11:03:04 AM
https://gizmodo.com/hooters-whispers-blockchain-and-its-parent-company-s-1821706292#_ga=2.236159297.1107013660.1514837146-262461345.1416941115
Title: Re: HOTR - Chanticleer Holdings
Post by: Parsad on January 02, 2018, 11:36:27 AM
We're planning on using blockchain technology for all memberships going forward, putting it in a shell company, IPO and then all members will receive part of the IPO. 

Your $29.99 fee will be worth $299,999 after the IPO, and then we'll be making a huge investment into Bitcoin and Eretheum with the IPO funds...we expect the $299,999 to be worth $29,999,999 by mid-2019 at the latest.

The new company will be relaunched under the ticker symbol COBF later this year on the Nasdaq...our investors will love the new name..."Corner of Bum Fuc...!" 

Blockchain will change things, but the outcome for cryptocurrency buyers...1999 all over again!  Cheers!
Title: Re: HOTR - Chanticleer Holdings
Post by: Jurgis on January 02, 2018, 11:39:52 AM
We're planning on using blockchain technology for all memberships going forward, putting it in a shell company, IPO and then all members will receive part of the IPO. 

Your $29.99 fee will be worth $299,999 after the IPO, and then we'll be making a huge investment into Bitcoin and Eretheum with the IPO funds...we expect the $299,999 to be worth $29,999,999 by mid-2019 at the latest.

The new company will be relaunched under the ticker symbol COBF later this year on the Nasdaq...our investors will love the new name..."Corner of Bum Fuc...!" 

Blockchain will change things, but the outcome for cryptocurrency buyers...1999 all over again!  Cheers!

Way to go Sanjeev!

(http://i2.wp.com/cryptorials.io/wp-content/uploads/2015/08/shut-up-and-take-my-bitcoin.jpg)
Title: Re: HOTR - Chanticleer Holdings
Post by: rkbabang on January 02, 2018, 12:54:12 PM
We're planning on using blockchain technology for all memberships going forward, putting it in a shell company, IPO and then all members will receive part of the IPO. 

Your $29.99 fee will be worth $299,999 after the IPO, and then we'll be making a huge investment into Bitcoin and Eretheum with the IPO funds...we expect the $299,999 to be worth $29,999,999 by mid-2019 at the latest.

The new company will be relaunched under the ticker symbol COBF later this year on the Nasdaq...our investors will love the new name..."Corner of Bum Fuc...!" 

Blockchain will change things, but the outcome for cryptocurrency buyers...1999 all over again!  Cheers!


Any chance you can have PDH buy $100 in Bitcoin and then change the name to Premiere Diversified Blockchain Holdings?  Maybe change the ticker symbol to BCHAIN or something?
Title: Re: BURG - Chanticleer Holdings
Post by: rkbabang on June 19, 2019, 11:20:43 AM
I just had what looks like some type of warrant or rights offering deposited into my account today that I was certainly not expecting.

Fidelity describes it as: 

159RGT018
CHANTICLEER HOLDINGS INC RTS EXP 06/24/2019
19,932   
CHANTICLEER HOLDINGS INC

This press release (https://www.globenewswire.com/news-release/2019/06/10/1866282/0/en/Chanticleer-Holdings-Announces-Pricing-for-Rights-Offering.html) seems to describe what they are, but I haven't owned Chanticleer in years and I the only warrants I held expired worthless in 2016.  I haven't even looked at this company in a long time.  I wonder why I got almost 20K of these?  They are priced at $1 which is what the stock is trading at, so I don't see any advantage to exercising them.  Weird.
Title: Re: HOTR - Chanticleer Holdings
Post by: lschmidt on June 19, 2019, 11:31:14 AM
Yes, I'm in the same boat. Looks like they are giving us a rights offering, 3 warrants for each of one of one of the previous warrants held.

Here's a press release:

https://www.globenewswire.com/news-release/2019/06/10/1866282/0/en/Chanticleer-Holdings-Announces-Pricing-for-Rights-Offering.html

I don't have an opinion on this and haven't received a prospectus. I'm negatively inclined given the team's history of poor value creation.
Title: Re: HOTR - Chanticleer Holdings
Post by: OracleofCarolina on October 17, 2019, 12:23:03 PM
no position in this company currently, but interesting development

https://ir.chanticleerholdings.com/press-releases/detail/1317/chanticleer-holdings-announces-merger-agreement-with-sonnet