Parsad

John Paulson has bought credit default swaps for Europe, and in particular Spain. Cheers! http://www.bloomberg.com/news/2012-04-16/paulson-said-to-short-europe-bonds-amid-spain-concern.html

How do you know the timing of when this is going to implode? No idea, but they are only half funded for their debt requirements through 2013. If rates are going up, and they are having to introduce spending curbs because austerity measures aren't adequate alone, then you've got a problem if the markets lose confidence. ECB needs to come up with enough funding to cover Spain and Italy. They are having trouble getting funding for Spain alone at decent rates. Germany is not going to do much more. Either the U.S. and China have to step in...and the U.S. cannot really afford it...or you are going to see some serious consequences. You had some firepower before, but now the gun is down to a couple of bullets! Cheers!

If you are going to buy a dinner ticket, you need to buy by the morning of the 19th. I have to finalize the numbers with the Fairmont Royal York that afternoon, and tickets only for the presentation will be available at the door. No dinner ticket bought, no dinner! If you are on the fence, I assure you that the meeting will be terrific as always...probably even better than you could imagine! Thanks very much, Sanjeev

After reading a response from a boardmember on another related thread, I just kind of wanted to know how many people are still Biglari Holdings shareholders. At one point, this board had many...including myself. Cheers!

Spain bond yields up. May impose spending curbs! The life line is beginning to chafe badly. Cheers! http://www.cnbc.com/id/47060468

Sprott Asset manager, Charles Olivier, to shave his head head after making a bet four years ago that gold would hit $2,000 an ounce by April 16, 2012. He was very close, but lost the bet. Cheers! http://www.bloomberg.com/news/2012-04-13/fund-manager-to-lose-hair-after-betting-on-2-000-bullion.html

IMF's LaGarde is saying that the bailout fund doesn't need to be as big, while Spain's deputy minister is saying that the ECB needs to buy Spain's bonds because interest rates are going to kill them! Hold onto to your shorts this year or early next year...the tide is going out! Cheers! http://www.bloomberg.com/news/2012-04-13/spanish-minister-calls-on-ecb-to-do-more-as-crisis-accelerates.html http://www.cnbc.com/id/47049024

Yeah, I couldn't really believe he said that at the beginning, and then when he uncomfortably corrected his assistant on the tax rate she's paying...yikes! Not sure what possesses him to do this stuff. Cheers!

Berkshire subsidiary investing in low-cost housing in trade for tax credits. Cheers! http://www.chicagobusiness.com/article/20120412/NEWS03/120419922/oracle-of-omaha-invests-in-chicago-area-affordable-housing

The intentions are right, but Tilson comes off all wrong! Just brutal! Cheers! http://video.cnbc.com/gallery/?video=3000083600&play=1

Will be near impossible for them to take significant market share away long-term, but they are giving it a go! Cheers! http://www.bizjournals.com/columbus/blog/2012/04/netjets-veterans-start-competing.html?ana=yfcpc

Yeah, they didn't post my comments either! Very objective aren't they. Cheers!

Hah! I didn't even notice that. That guy gets around! Cheers!

Article on the announced stock split. Cheers! http://money.cnn.com/2012/04/12/technology/google-earnings/index.htm?source=cnn_bin

I agree with you Hawk! Long-term shareholders have been very patient with Chanticleer, so a portion of the allotment could have been set aside for existing shareholders to purchase. This is something that shareholders could still address with Mike. Send him your comments...he's a very receptive CEO and if enough shareholders feel it is important, something could always be done. But if he doesn't know how shareholder's feel, he's going to move forward with maximizing shareholder value for all shareholders...whichever way that can happen. Cheers!

Terrific article on Amazon's CEO in Forbes. Thanks to Glenn for sending it to me! Cheers! http://www.forbes.com/sites/georgeanders/2012/04/04/inside-amazon/

T. Boone Pickens thinks we are getting close. Cheers! http://www.cnbc.com/id/47019830

Should be a very interesting quarterly report on April 19th. Hopefully, they've moved forward a long ways with "New BAC". Cheers! http://finance.yahoo.com/news/bofa-replacing-cio-consumer-banking-222954239.html;_ylt=Avfo8FlZ8Kv4jakC2XRw9a2iuYdG;_ylu=X3oDMTQ0MnZ1aDZ1BG1pdANGaW5hbmNlIEZQIFRvcCBTdG9yeSBSaWdodARwa2cDM2QyMWRlNDktOTE5YS0zYjg1LWExMGUtNDM3ZDU1OGU2MGEyBHBvcwM0BHNlYwN0b3Bfc3RvcnkEdmVyAzJhMGRiMmIwLTg0MjYtMTFlMS1hNzZmLTdmNGEwMDhhOGY1MQ--;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3

Dumb question.. if the current Chanticleer doesn't have the cash flows to sustain expenses, why would the future one have them? presumably the current management will be running the future Chanticleer.. What sorts of mistakes did they make that lead to their not being able to cover expenses? Certain expenses are fixed or recurring...salaries, office space, legal, accounting, etc. Those costs will not increase significantly, even though net cash flows from more and more restaurants will. There was no real mistake. They had closed the deal on Texas Wings and Hooters Inc (not Hooters of America), along with financing, back in late 2007/early 2008. But when the credit crisis hit, the financing fell apart. Once that happened, they had already incurred hundreds of thousands in legal and acquisition exploration costs, leased new office space, and hired a couple more staff internally. Because the deal could not be consummated, they had to sell off chunks of other assets just to pay bills. The only ace up Mike's sleeve was the right of first refusal he had on Hooters of America if it ever was sold. When HOA was finally sold, he exercised his right and that's where we are today. He's on the board, they have a very small investment in HOA, but he's been granted the right to expand the business internationally. Cheers!

Who knows, but I would say another year. You are starting to get diesel, gasoline and coal users switching to natural gas, but the amount of supply is still significantly above demand. At some point as the transition continues, that will start to get closer to parity. http://finance.yahoo.com/news/drillers-dropping-diesel-cheaper-natural-210751346.html;_ylt=Am.E3X2gu9NXVfAi72w7dN6iuYdG;_ylu=X3oDMTQ0ZGtyZmZzBG1pdANGaW5hbmNlIEZQIFRvcCBTdG9yeSBSaWdodARwa2cDZmRiNTg2OWMtMDMxYS0zYjEzLWI3N2EtMjk4Mzg0OWY5MTg2BHBvcwM2BHNlYwN0b3Bfc3RvcnkEdmVyA2RkYWI2OTQwLTg0MWEtMTFlMS1iZjNhLTg5MTJkMzIyOWNiNQ--;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3 So I would guess we are at least a year from that, but you will start to see consolidation before that in the industry as exploration companies need to minimize costs. Cheers!

Guys, I wasn't being critical of him working from home...I was joking about his pajamas and naps! Cheers! I knew that. I was just saying what I thought was proper for an optimal work experience. By the way, I thought you were over-reaching on Friday...you know that you still need to wear a tie and not open collar! ;D Cheers!

Sweden. Our rules are A LOT stricter than yours in this area. I have read them through and through and there really is no way to make this happen while still being cheap and legal at the same time. Ah, I see! So living in Vegas would be a huge step too. Instead, keep playing poker, accumulate some more money, and see if you can buy a piece of Modo! ;D Or just fly to Vancouver and watch a Canucks game...we have half the national Swedish team playing for us. Cheers!

Guys, I wasn't being critical of him working from home...I was joking about his pajamas and naps! Cheers!

Volunteer work is great. If you can't or wont give up of your time, again you can set up some very nice fund raisers. I do this a few times a year also. Look into starting your own on line Poker site. Thats right, I said it!!!! Good luck. You dont need it! Couldn't agree more! Volunteering is a great idea. And if you are seeing problems with poker sites, maybe it is time to create one that will attract some of the type of players you are friends with. Although I see legal problems being even more costly there than a fund. Cheers!

My two cents on working from home (I do this 4 days a week for my job): 1) have a decent set up that you can sit and be happy with for hours. 2) always wear pajamas! (but be sure you are dedicated to work, if you need regular clothes for it, then do that, but I never have any issues with getting things done) 3) take naps in the afternoon (amazing). Racemize, either you are unemployed or Mohnish Pabrai! And I know you're not Mohnish! ;D I can't get a lot of work done from home, so that's why I have an office downtown and I work from Starbucks on Fridays near my house and gym. If I stay at home, there are too many distractions. Cheers!