Call it bashing the stock or whatever you want. My comments are observations with expression of disgust and frustration at times. I got curious about this stock back in the summer. I had a relative that worked at Pittsburgh location that said it was always packed. I visited a couple of times, and although not really my thing personally, I was still intrigued about it as an investment. I read some of these puff pieces put out by Quality Stocks, and some of the other comments made in the media by Brent Brown which made it sound interesting, especially with all the other markets that boasted about getting into. Then I started pulling back the skin on this onion and saw some significant rot. Their 10Q's and 10K highlighted routine and huge losses, massive debt, negative cash flow, and defaults on virtually every load they have. Then numerous lawsuits popped up, along with notice of being $5m or so delinquent in paying payroll taxes with IRS. But still you read all these claims of ongoing expansion and acquisitions by Brent Brown. Problem is, not one of them ever actually transpired. The acquisition of Major League Fantasy never happened. Acquisition of Revolutions fell through. Their leases were terminated before they ever opened the doors in Albany NY, Massachusetts and Minnesota. Now the latest is they have been served eviction notices in Indy and Jax - 2 of their only 3 locations. That's not exactly a well executed expansion strategy. But I keep following thinking there might be some good news and make it worth jumping in at a low price. But none never comes, and what does come out of Brent Brown's mouth just appears to be total b.s. But to top it off, this guy had basic compensation last year of $1.7m and their President made $1.6m. How in the f*$k can that be justified when people bought this stock on their blatantly false claims about the strength of their company and their growth market strategy? I hate liars and crooks, and if these guys are taking millions home while their Company is losing millions, their shareholders are losing millions, and their landlords and contractors are losing millions, I'm going to bash them and point out every lie and misleading message they release. Invest as you wish, but I'd advise getting out quick when they get the short lived bounce, because this Company is going bankrupt soon. I said back in the summer after seeing their Q2 results that this was a single penny stock when it was still trading at 40 cents or so. Well I was wrong, it is a sub penny stock
