junkbondinvestor on X
Wendy's franchisee surprise bankruptcy filing. Stock down 85%. Friendly reminder to not buy OTC stocks. $MHGU https://t.co/LbEfbjCBba
OTC
Meritage Hospitality Group Inc
MHGU
3 stories
$0.2M Market cap · 2026-10-07
Tim Eriksen on X
@kingdomcapadv @ACapitalLP $MHGU filed chapter 11 today.
Nat Stewart on X
Assume you have seen it, but $MHGU CEO 5/19/26 presentation is solid. They will get a EBITDA boost from being allowed to close poor locations, breakfast opt-out, and $7.3M G&A cuts. If new WEN mgt does its job, MHGU could end up a rocket ship. Less liquid/risky/trades OTC, but I own a bit - potential upside dwarfs current share price, IMO.
