On August 23rd, we alerted how it did’t take a rocket scientist to see that American Restaurant Concepts, Inc. (ANPZ) was a gold mine penny stock. The share price was 0.031 and all that needed to be done was to have the 2012 Q1 and Q2 10-Q filed for Seemu Katsuri to take full ownership and roll his other franchises into the Company. Since they filed the last required filing, the Q2 10-Q, last week. ANPZ stock did exactly what we predicted Tuesday – caught fire.
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ANPZ Stock Chart
Market Cap: 5.15M
Close: 0.15, 0.08 (114.29%)
Dollar Volume: $15,695
Average Trade Size: 7,781
% Gain Since Alert: 383.87%
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Prior to the open on Tuesday, the operator and franchisor of America’s award-winning Dick’s Wings® restaurants, provided an update to investors regarding the Company’s current business and outlook. The sales that American Restaurant Concepts has booked during the first 2½ months of Q3 is already more than 10% higher than the sales booked for the entire Q2 of 2012, $93,586.
The Company, as a result of the filing of its 10-Q for Q2 2012 with the SEC last week, is now current with its SEC reporting obligations and ANPZ has returned to trading on the OTCQB market tier of the OTC Markets Group. As we stated on August 23rd, the deal with Seemu Katsuri, who had once filed and S-1 to list his Blue Victory Holdings, is expected to close within the next few days and will more then quadruple the current revenues numbers.
Once the transaction is closed, ANPZ will likely announce their joint strategic plan for the Company and the business plan by which they will grow American Restaurant Concepts’ sales and profits. See, penny stocks aren’t rocket science.
About ANPZ Stock
Currently, American Restaurant Concepts, Inc., is the operator and franchisor of the Dick’s Wings & Grill® full-service restaurants and Dick’s Wing Express® express restaurants. Dick’s Wings & Grill’s® chicken wings have won numerous awards in Florida and Georgia, including having been voted “Best Chicken Wings in Northeast Florida” 12 consecutive years by Folioweekly magazine.
Dick’s Wings® currently has 16 full-service restaurants and 2 express restaurants. Fifteen of the restaurants are located in Florida, with one located in Georgia and two located in Canada.
Bottom Line: We know penny stocks and knowing that ANPZ was going to breakout once those filings we current was a no brainer. What would be great to see would be some significant volume on ANPZ stock which might be hard to generate considering that there were only 34,316,540 shares outstanding as of September 10th.
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