Sack Lunch Productions Inc (SAKL)

[benosufan]

Hard to believe SAKL can recover from 1.4 million in operating losses they reported in 2016. Net loss after other expenses was 2 million. What is so different about 2017 that they can be profitable? That is a huge deficit IMO....for a company that had 16 million in total revs. They would have to cut total expenses by around 10 to 12 percent to make up for that deficit alone...and that's if they maintain those revenues. The huge problem is every time they draw on that TCA funding agreement they pay that crazy fee of hundreds of thousands of dollars...he's drawn twice from that loan already as shown in the annual report. Hope he can restructure that debt so it's more favorable for the company moving forward.

These events are great...but it just doesn't look like his plan is working out. He took that initial loan of 1.8 million to acquire these events and pay off debt only to not be able to pay on that loan end of last year due to operating losses. Just my opinion from watching this happen since he acquired the events.