I managed to stay positive for 4 months. I wouldn't say Im negative, Im just more realistic in my expectations having been monitoring this for 6 months. Yes it will run, but we have all been saying that for months. It still will run but for those of us who paid for .001s or higher I imagine share my sentiment of not really caring for a run, because it will just reduce our loss temporarily. for all you that got in 2-4 yes you will make money, but you keep talking like this company has potentials to see pennys comparing it to Panera. This is not a long term hold, this is a flip stock, that some of us have been stuck in for a flipping eternity. If Ron was serious about making this company a success the first logical thing to do would be FIRE FONG so the can get some trust back from their investers. I just scrolled through the 10q again last night to confirm that since they went public, they are running at a large loss.
If you cant figure it out from the numbers, Note 2 on the last Q is Going Concern, and clearly states
"... the company had a working capital deficit and has incurred significant losses since inception/ Further losses are anticipated raising substantial doubt as to the company's ability to continue as a going concern."
Substantial doubt indeed, I mentioned this when the Q came out, but now that we are still in the dark without a business plan, without further updates, and with an obvious lack of management. There are many points on the Q that could be brought into light and discussed, (like how they are advertising more, and getting less sales, how their costs went up but their prices did not, ect ect.) but the fact is I'd hate to see anyone else get FONGED. Good luck and do your DD. Go GRAS
AI
