![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Friday, October 17, 2014 1:09:19 PM
This was a brand extension, announced with significant fanfare. And to your point about seasonality, fall/winter is huge for sports bars, with football and basketball -- college and pro.
My concern here is management; it appears that BCCI made the deal without determining if it could be financed. Indeed, the recent Q2 report says that the company does not have 'any current financing available to it' although it hopes that operations will generate cash. But, with Q2 loss at 50% of revenue, that does not appear to be happening.
I agree your point about Florida seasonality -- my point was that BCCI put out a PR in January, announcing the early Q2 opening. They set an expectation, and didn't meet it. Perhaps your point is that they shouldn't have been thinking about an April opening anyway, won't argue with that, but again reflects on management acumen.
But, looking at the Form 10 Q1 financials, it appears as though equipment was purchased for use in that store (could be wrong on that; $100K+ was spent on equipment for something, not specified but nothing else was announced for opening).
PS. Thanks for your comments, I try to be balanced and factual, although sometimes I will express an opinion on what I report as per above.
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM