To be honest, I don't invest money in the stock market and don't totally know what this means, but I thought it might be of interest regarding the state of the cupcake economy and how big the stakes are right now. Via 4-Traders.com:
57th Street General Acquisition Corp. ("57th Street" or the "Company") (OTCBB: SQTC, SQTCU, SQTCW) announced today the change of its ticker symbols following its recently announced acquisition of Crumbs Holdings LLC ("Crumbs"), the largest US-based retailer of cupcakes, which operates under the name Crumbs Bake Shop. Effective upon the open of trading today, the Company's common stock, warrants and units will trade on the Over-the-Counter Bulletin Board under the ticker symbols "CRMB.OB", "CRMB.U" and "CRMB.W" respectively. The ticker symbols "SQTC.OB", "SQTC.U", and "SQTC.W" will be retired.
The Company expects that its common stock, units, and warrants will begin trading on either the Nasdaq Capital Market (NASDAQ) or the NYSE Amex (NYSE-AMEX) in the coming weeks upon completion of the listing process.
Jason Bauer, Co-Founder of Crumbs and CEO of the Company, commented, "We are delighted to have achieved public company status and are hopeful that these ticker symbol changes will allow us to elevate Crumbs' standing within the business and investment communities. With our newly enhanced financial flexibility, we anticipate that Crumbs will emerge as a truly national brand with a projected target of approximately 200 locations in the top 15 markets by year-end 2014. As a public entity, we are also committed to operating in a manner that not only enhances our leadership position as the national bakery specializing in gourmet cupcakes, but also rewards our core constituents - shareholders, team members, suppliers and customers."
57th Street General Acquisition Corp. ("57th Street" or the "Company") (OTCBB: SQTC, SQTCU, SQTCW) announced today the change of its ticker symbols following its recently announced acquisition of Crumbs Holdings LLC ("Crumbs"), the largest US-based retailer of cupcakes, which operates under the name Crumbs Bake Shop. Effective upon the open of trading today, the Company's common stock, warrants and units will trade on the Over-the-Counter Bulletin Board under the ticker symbols "CRMB.OB", "CRMB.U" and "CRMB.W" respectively. The ticker symbols "SQTC.OB", "SQTC.U", and "SQTC.W" will be retired.
The Company expects that its common stock, units, and warrants will begin trading on either the Nasdaq Capital Market (NASDAQ) or the NYSE Amex (NYSE-AMEX) in the coming weeks upon completion of the listing process.
Jason Bauer, Co-Founder of Crumbs and CEO of the Company, commented, "We are delighted to have achieved public company status and are hopeful that these ticker symbol changes will allow us to elevate Crumbs' standing within the business and investment communities. With our newly enhanced financial flexibility, we anticipate that Crumbs will emerge as a truly national brand with a projected target of approximately 200 locations in the top 15 markets by year-end 2014. As a public entity, we are also committed to operating in a manner that not only enhances our leadership position as the national bakery specializing in gourmet cupcakes, but also rewards our core constituents - shareholders, team members, suppliers and customers."
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