BurgerFi International Inc (CE) (BFICQ) News

GARBAGE FOOD, GARBAGE STOCK - IMO

Thx, I love delisted burger stocks bruv

Thx, I delisted burger stocks bruvs

BFI changed to BFICQ, bankruptcy. Delisted from the Nasdaq to the OTC: (pps dropped 47% from .15 to .0779
on 14+ million volume.

https://otce.finra.org/otce/dailyList?viewType=Additions

“Overcooked” burger coming right up

Look at Tupperware.

BFI.........................................https://stockcharts.com/h-sc/ui?s=BFI&p=W&b=5&g=0&id=p86431144783

Computer generated wash trading, brazen manipulation of the PPS. The O/S has been turned over 5 times already. Don't get trapped with grossly overpriced stock in a company that is in bankruptcy proceedings.

BurgerFi, today announced that it received interim Court approval of its "first day" motions designed to facilitate and ensure the continued and uninterrupted operations of the Company's 144 locations, as requested.

The

.30 + 150%

BFI......................https://stockcharts.com/h-sc/ui?s=BFI&p=W&b=5&g=0&id=p86431144783

It is bankrupt dude!!!

Lol

Yawn…

awesome right...

btw my son is way more mature than you,

my grandson might be right on your level😂

oops...BK GREAT CALL

BFI.............................https://stockcharts.com/h-sc/ui?s=BFI&p=W&b=5&g=0&id=p86431144783

Good day bruv

Looking good bruv

$BFI heavy shorts stuck still they got the extension till next year. I still see a continuation 👀 the 8K they filled is tempting— Cryptyder (@Cryptyder) September 5, 2024

$BFI BurgerFi International Inc 0.1836 -0.0253 (-12.11%)

Any targets bruv?

Have they applied for the NASDAQ 1$ exception rule?

Any targets on this one?

What is your take t53

BurgerFi $0.29 - Might Go Bankrupt


https://finviz.com/quote.ashx?t=BFI&p=m

https://www.restaurantdive.com/news/why-burgerfi-considering-bankruptcy/724551/

https://www.zerohedge.com/markets/burgerfi-might-go-bankrupt

_________________________________________________


BurgerFi’s financial situation is only getting worse.

It expects to report net losses of $18.4 million for the quarter ending July 1 compared to a $6 million loss during the same period in 2023. The increase was driven primarily due to lower operating income, higher general and administrative expenses and larger restructuring costs.

The company had $4.4 million in cash and cash equivalents as of Aug. 14.

The chain also expects to report restaurant sales declines of $1.8 million, or 4% year-over-year, last quarter.

This was driven largely by same-store sales declines at BurgerFi and sister brand Anthony’s Coal Fired Pizza and Wings.

The company said it closed underperforming BurgerFi- corporate locations, but the filing didn’t say how many locations were shuttered.

If the company’s senior lender declares that debt is due and payable immediately, the company would be unable to repay, and “the lender could foreclose on its security interest and liquidate or take possession of some or all of the assets of the company and its subsidiaries,” according to the filing.

This would require the company to curtail or cease operations.

“There is no assurance that the Company will be able to restructure its obligations, obtain additional financing, and/or sell assets on terms and conditions that will permit the Company to meet its current obligations,” BurgerFi added.

The chain secured an emergency protective advanced agreement with its lenders of $2.5 million earlier this month, but that is nowhere near enough to sustain operations with growing losses.

BurgerFi, which went public in 2020 following a merger with a SPAC, has struggled during the last few years as its net losses have persisted. In 2022, net losses topped $100 million, before improving to $30 million last year.

In 2023, the chain hired Carl Bachmann as CEO and Christopher Jones as CFO to help turn around the business.


________________________________________________________

https://www.stockscores.com/charts/charts/?ticker=BFI


Live! Charts

BFI 10Q due AUGUST19

BFI getting ready

nice now and today 👍

Inch by inch going up, nice accumulation

Agree

lol.....first try to break 1s

Then 3, 5, 7, 10 dollars share price big possibility

yup sooner or later we wil get $1+

IFUS is a longer term hold with game changing products that owns their property and manufacturing plant.

It has leveled off .08 and expected to rise as house and senate bills past document scientific results

BFI first 1 DOLLAR+

Smart CEO and turnaround story just kicking off

Current CEO Carl Bachmann appointed last year is very experienced and cleaning the roadblocks. He was previously served as the president of Smashburger, where he led the brand to significant growth. His leadership at BurgerFi is seen as a turnaround mission, with initial priorities including enchancing employee training, upgrading the menu, and redefining the brand's portfolio. Bachmann's strategy includes focusing on the 3 Ws: win for guests, win for team members, and win for shareholders. He plans to implement a proven playbook that includes improving infrastructure, ensuring high food quality, and effective marketing. His approach aims to address past challenges faced by BurgerFi, such as market oversaturation and leadership turnover, and to position the brand for sustainable growth.
https://ir.burgerfi.com/company-information/presentations

BFI 27.4 MILLION O/S, 12.35 MILLION FLOAT

Let's hope the smart CEO knows that a little nice news or update would help initiate an upward swing

Can you set the current structure here, what is the current "good" structure / float ?

https://www.stockscores.com/charts/charts/?ticker=bfi

a good news would help to lift the stock a little more towards the dollar

may good news this week ?

may this week - UP

i hold still always

hope so

After hours run and squeeze

BFI volume increases reversal started Burgerfi company once was 15 dollars share price 14 milliontiny float

When $BFI’s downturn began (start @ bottom) & for all to see how long they have
Date Close/Last Volume Open High Low
02/01/2024 $0.58 119,510 $0.6048 $0.6048 $0.575
01/31/2024 $0.605 110,182 $0.65 $0.655 $0.60
01/30/2024 $0.6561 39,347 $0.6725 $0.6899 $0.64
01/29/2024 $0.689 25,563 $0.67 $0.69 $0.67
01/26/2024 $0.674 12,606 $0.66 $0.68 $0.6501
01/25/2024 $0.645 46,074 $0.6899 $0.6899 $0.641
01/24/2024 $0.6948 25,341 $0.68 $0.6998 $0.68
01/23/2024 $0.671 22,561 $0.68 $0.694 $0.665 (30 day mark)
01/22/2024 $0.691 38,909 $0.725 $0.725 $0.6705
01/19/2024 $0.71 25,684 $0.707 $0.7165 $0.695
01/18/2024 $0.7161 57,922 $0.66 $0.7374 $0.64
01/17/2024 $0.65 98,897 $0.69 $0.69 $0.621
01/16/2024 $0.699 134,306 $0.70 $0.7468 $0.66
01/12/2024 $0.7113 103,463 $0.745 $0.75 $0.692
01/11/2024 $0.7401 92,842 $0.769 $0.7699 $0.727
01/10/2024 $0.7649 80,534 $0.78 $0.79 $0.755
01/09/2024 $0.7887 94,803 $0.84 $0.84 $0.78
01/08/2024 $0.83 110,823 $0.795 $0.8922 $0.785
01/05/2024 $0.7997 83,183 $0.77 $0.7999 $0.77
01/04/2024 $0.79 153,167 $0.816 $0.8211 $0.76
01/03/2024 $0.7749 138,352 $0.82 $0.8255 $0.7522
01/02/2024 $0.814 127,755 $0.88 $0.88 $0.786
12/29/2023 $0.8599 98,786 $0.93 $0.93 $0.85
12/28/2023 $0.9173 114,604 $0.95 $0.96 $0.91
12/27/2023 $0.94 81,889 $0.86 $0.944 $0.854
12/26/2023 $0.8701 63,241 $0.86 $0.88 $0.83
12/22/2023 $0.8426 88,212 $0.8328 $0.85 $0.821
12/21/2023 $0.8475 98,204 $0.86 $0.92 $0.825
12/20/2023 $0.8651 78,193 $0.85 $0.875 $0.84
12/19/2023 $0.869 129,291 $0.88 $0.8899 $0.84
12/18/2023 $0.8887 95,902 $0.89 $0.9099 $0.865
12/15/2023 $0.89 85,971 $0.96 $0.97 $0.885
12/14/2023 $0.95 76,345 $0.93 $1.00 $0.91
12/13/2023 $0.93 76,309 $0.90 $0.945 $0.88
12/12/2023 $0.9045 113,732 $0.955 $0.955 $0.90
12/11/2023 $0.9502 46,255 $0.9601 $0.97 $0.9501
12/08/2023 $0.9607 92,215 $0.97 $0.97 $0.95
All Nasdaq-listed companies must maintain compliance with the bid price rule, which requires a company's bid price to remain at or above $1 per share. If a company's bid price drops below $1 for 30 consecutive days or more, it receives a deficiency notice from Nasdaq and has 180 days to cure the deficiency.Jul 10, 2024
Under certain circumstances, to ensure that the company can sustain long-term compliance, Nasdaq may require the closing bid price to equal or to exceed the $1.00 minimum bid price requirement for more than 10 consecutive business days before determining that a company complies

If a Company listed on the Capital Market is not deemed in compliance before the expiration of the 180 day compliance period, it will be afforded an additional 180 day compliance period, provided that on the 180th day of the first compliance period it meets the applicable market value of publicly held shares
https://hselaw.com/news-and-information/legalcurrents/proposed-nasdaq-rule-could-narrow-options-for-companies-with-1-bid-price-deficiency/#:~:text=All%20Nasdaq%2Dlisted%20companies%20must,days%20to%20cure%20the%20deficiency.

think people waiting for earnings

think next week earnings