Thursday, September 25, 2014 3:45:07 PM
But to have positive pps without profits, the company has to perform on its growth initiatives -- which at a tactical level would mean opening previously announced stores (SW FL kiosk; Knoxville sports bar).
More strategically, BCCI needs more multiple state franchise agreements, since it does not have the cash resources to open more kiosks on its own. A single multiple-state master franchise agreement was announced four months ago -- with a single store opening announced (Knoxville) for July opening, except it hasn't and we are now up to week 4/5 of the football season.
It should also publish financial statements at a reasonable interval. Positive points for coming out with audited ones, at long last and after a false start, earlier in the summer. But, the Q1 financial statements are now a month 'overdue' in my mind, since they were published in August in 2012 and 2013.
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