New to the board? Conducting DD on GFOX? Here is some of the recent chain of events that is making GFOX an attractive investment IMO:
Where transformation begins
1) On April 2, 2015, a Stock Purchase Agreement (“SPA”) was executed whereby DB Capital Corp. (“Purchaser”) acquired control of Gray Fox Petroleum, Corp. (the “Company”) from Lawrence Pemble (“Seller”), former President and CEO of the Company. The Purchaser acquired from the Seller Nineteen Million Four Hundred Thousand (19,400,000) shares of the Company’s common stock, representing 51% of the issued and outstanding shares of the Company’s common stock. The consideration used by the Purchaser consisted of a Convertible Promissory Note in the principal amount of Twenty Thousand Dollars ($20,000.00), dated April 2, 2015.
On April 2, 2015, the Company’s Board of Directors announced that controlling interest of the Company was being sold to the Purchaser; the Seller would tender his resignation upon execution of the SPA and Daniel Sobolewski, President of the Purchaser, would assume the positions of Director, President and CEO of the Company. That same day, the Seller tendered his resignation to the Company.
2) FL / ACCESSWIRE / January 28, 2016 / Grey Fox Holdings Corporation (OTC: GFOX) CEO, Daniel Sobolewski is pleased to announce that "GFOX" has purchased, and is now the proud owner of three (3) Graffiti Junktion Franchise Licenses. Grey Fox Holdings Corp. is currently in negotiation stages with a location in the Daytona Beach area.
3) ORLANDO, FL / ACCESSWIRE / March 9, 2016 / Grey Fox Holdings Corp. (OTC: GFOX) CEO Daniel Sobolewski is pleased to announce that the Company was successful in opening the doors to the Daytona Beach Graffiti Junktion at 12:00pm March 3rd, 2016, the day before the 75th Anniversary Daytona Beach Bike Week began. The Daytona Beach Graffiti Junktion restaurant which is located at 415 Main St, Daytona Beach, FL 32118 and is right in the center of this huge event. Daniel Sobolewski, stated, "Our goal was to finish the build out, and have the doors open in time for this event. We were successful in doing so.
4)ORLANDO, FL -- (Marketwired) -- 03/21/16 -- Grey Fox Holdings Corp. (OTCQB: GFOX) announces that the Graffiti Junktion Daytona Beach location had a successful opening. It was consistently busy throughout the Bike Week event, and staff received a lot of positive feedback from those who visited. Graffiti Junktion Daytona is now fully staffed and operational. The management is now in place extremely experienced and well trained. All of the key components needed to ensure this location is a success. Bike Week event was a great way to ensure that this location had the best opening of any Graffiti Junktion locations,
5) ORLANDO, FL -- (Marketwired) -- 04/01/16 -- Grey Fox Holdings Corp. (OTCQB: GFOX) announces it has signed a Letter of Intent to purchase the Graffiti Junktion franchise located in Clermont, FL. The CEO, Daniel Sobolewski, stated, "This was an opportunity that we saw that we could not pass up on. The Clermont location has been operating for three years now, and is already generating revenue. Our goal is to add an outdoor bar to the huge outside patio, and utilize more of the space in order to generate more sales and synergy for this location."
Mr. Sobolewski also stated, "We intend to close on this transaction within the next two (2) weeks.
6)ORLANDO, FL -- (Marketwired) -- 04/07/16 -- Grey Fox Holdings Corporation (OTCQB: GFOX) is very pleased to announce that it has purchased the Graffiti Junktion Clermont location! This location has been open for 3 years already, and in that time, it has proved to be a very popular location for the locals in the Clermont area. Grey Fox Holdings Corporation's CEO, Daniel Sobolewski has stated, "In the upcoming weeks we plan to add an outdoor bar area to this location. I feel this will create more synergy, bring in more people, and overall generate more revenues. This will also allow the Clermont location to utilize more of its available space. Graffiti Junktion 'Clermont' was an opportunity that we could not pass up. Furthermore, Grey Fox Holdings Corporation is now in negotiation stages, in regards to possibly purchasing a Graffiti Junktion Corporate location. Such location shall be disclosed at a later date. However, Grey Fox Holdings Corporation still plans on opening 2 'NEW' locations by the end of this year."
5) Revenue projections from Graffitti Junktion Clermont location:
Graffiti Junktion LLC is a mid-sized bar in Clermont, Florida. It opened its doors in 2008 and now has an estimated $1.3 million in yearly revenue and approximately 47 employees.
$1.3M annual revenue is a conservative number!!!
Expecting revenues from Daytona Beach to easily top $3M annually, looking at potentially $5M Gross revenue annually just for the Clermont and Daytona Beach Graffitti Junktion locations, with 2 more Graffitti Junktion locations to open before EOY!!
Name change to Grey Fox Holdings with FINRA coming soon per CEO.
Great time to be a shareholder of GFOX as it is currently highly undervalued, IMO
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