HOTR - Chanticleer Holdings

[rkbabang]

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?

[rkbabang]

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 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.

[lschmidt]

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.

[OracleofCarolina]

no position in this company currently, but interesting development

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