You went pretty close: The board stands at the Road from Sevan to Noratus a couple of meters beside the the bank of Lake Sevan. Pivo is Russian for Beer. The Lobster speaks for himself. But the Wolf ? Maybe it means, if you are hungry and thursty like a wolf, you get here Lobster and Beer without limits ? As I cant read Armenian, I do not know for sure the Armenian Word at the bottom, I guess its 'Restaurant'.