It would be better to be 1 million in debt and possess some sort of offsetting asset and/or be profitable than having a 1 million loss that is absolutely gone with no opportunity to recover.
LOL, How is it you calculate that it cost more to run a public company than a private company? Gee, the public company gets financing for free from its shareholders. Public does not change how the company should be run for profitability.
Gras had 3 restaurants the entire quarter, adding three more or doubling GRAS owned restaurants would double the losses. Add a layer of franchises and GRAS will 4X or more the losses. You really got me laughing now.
It does not matter who claims Fong has controlling vote rather than Heinemann, either way GRAS is toast and taking the common shareholder to the poorhouse first and foremost to the company.
Patience you say, the shareholder can get out now at a smaller loss than later. Anyone buying the .0001s will be trapped with no buyer, that is unless there is a reverse split. Holders of .0002s and .0003s might find a unknowingly buyer at .0002 or .0001 equally at a loss but as much loss as waiting for what is coming.
