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Whataburger sold to a Chicago investment firm

Discussion in 'BBS Hangout' started by NewRoxFan, Jun 14, 2019.

  1. Blake

    Blake Member

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    Bambolino’s is still around (moved a few miles away) but unfortunately the prices have gone up. My mom takes my kids there all the time and they love it.
     
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  2. SuraGotMadHops

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    I did not learn until very recently that Bambolino's was founded by none other than H-town legend Mama Ninfa
     
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  3. Blake

    Blake Member

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    Really? Did not know that
     
  4. donkeypunch

    donkeypunch Member

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    I used to think nobody could starve in this country- any panhandler could scrape up $1 and go get a whopper, then they went up. Still, a panhandler could scrape up $1 for a double cheeseburger, then they went up. Theres no such thing as a dollar menu anymore. Panhandlers out here with Square credit card readers and a better phone than I got now. Wild times.
     
  5. Ubiquitin

    Ubiquitin Member
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    Spare change unfortunately won’t buy anything in this economy.
     
  6. sealclubber1016

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    I've stopped getting combos..from anywhere.

    Once the recent inflation spike hit, I realized I was now paying 4-5 bucks for fries and a watered down drink...no sir, just grab a can of Dr.Pepper and pass on the fries. Saves me a lot of money and excess calories.
     
    MadMax, clos4life, JumpMan and 3 others like this.
  7. clos4life

    clos4life Member

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    Fries are ridiculous nowadays. 20 years ago I could get a huge cup of McDonald's fries. Super-sized for 2 dollars.
     
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  8. ROCKSS

    ROCKSS Member
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    Thats solid advice, just the dam burger is like 7-8 bucks. Inflation is SLOWLY coming down but I have a feeling these prices will never go down.
     
  9. ROCKSS

    ROCKSS Member
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    [​IMG]
     
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  10. MadMax

    MadMax Member

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    As a true Irish American, I blame the British for the price of potatoes
     
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  11. MadMax

    MadMax Member

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    They won’t. And we don’t really want deflation either.
     
  12. Buck Turgidson

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    I'll let you know friday what the price of beef is, at auction.
     
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  13. Buck Turgidson

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    [​IMG]
     
  14. MadMax

    MadMax Member

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    EGGMAN & SAUCY BOY
     
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  15. Buck Turgidson

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    = French Toast?

    I prefer waffles
     
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  16. MadMax

    MadMax Member

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    Same…along with 2 hot coffees
     
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  17. Buck Turgidson

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    Doesn't UH have a receiver named Flapjack III?
     
  18. MadMax

    MadMax Member

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    That’s correct…folks in my family know folks in his family and we root like crazy for him. Great kid and teammate it seems!
     
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  19. Xerobull

    Xerobull ...and I'm all out of bubblegum
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    ****! I wish my name was Flapjack.
     
  20. Mango

    Mango Member

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    Some/many/all Auction Barns will shutdown soon for the rest of 2023, so your timing of this week is logical.

    **************************************

    I just read this and it made me think of you out there trying to make a profit with Cattle doing it the hard way instead of the easy way by just pushing Paper around like these people were doing.


    SEC Obtains Emergency Relief to Halt $191 Million Cattle Ponzi Scheme


    Washington D.C., Dec. 14, 2023 —

    The Securities and Exchange Commission today announced that it obtained a temporary restraining order, asset freeze, the appointment of a receiver, and other emergency relief to halt an ongoing $191 million cattle Ponzi scheme being perpetrated by Fort Worth, Texas company Agridime LLC, which claims to specialize in meat sales, distribution, and animal supply chain management, and its owners, Josh Link of Gilbert, Arizona, and Jed Wood of Fort Worth. The SEC alleges that the defendants diverted millions of dollars of investor funds to make Ponzi payments and to pay undisclosed sales commissions to themselves and others.

    “The defendants enticed investors with guarantees that they could ‘make money raising cattle without having to do all the work,’ but as we allege in our complaint, their promises of annual returns of 15‑32 percent were, in the defendants’ own words, ‘too good to be true,’” said Eric Werner, Director of the SEC’s Fort Worth Regional Office.

    According to the SEC’s complaint, filed on Dec. 11, 2023, in the U.S. District Court for the Northern District of Texas and unsealed on Dec. 13, the defendants have raised at least $191 million from more than 2,100 investors in at least 15 states by offering and selling investments related to the supposed purchase and sale of cattle. The defendants told investors that Agridime would use their funds to acquire, feed, and raise cattle on its network of ranches, and investors would help provide “fellow Americans with the highest quality farm fresh beef available.” However, as alleged in the complaint, the defendants did not purchase nearly enough cattle or generate sufficient revenues from cattle operations to deliver the promised returns. Instead, the complaint alleges that, since December 2022, the defendants have used at least $58 million of new investor funds to make Ponzi payments to prior investors and more than $11 million to pay undisclosed sales commissions to Wood, Link, Link’s wife, and other Agridime sales representatives.

    The SEC’s complaint charges the defendants with violating the antifraud and registration provisions of the federal securities laws. In addition to the emergency relief granted by the Court, the SEC is seeking preliminary and permanent injunctions, disgorgement, prejudgment interest, civil penalties, and officer and-director bars against Link and Wood. The court has scheduled a hearing for Dec. 20, 2023 on the SEC’s motion for a preliminary injunction.
     
    #260 Mango, Dec 15, 2023
    Last edited: Dec 15, 2023

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