Everyone Read Thoth's Email with the CEO
Great information and confirmation from Mr. Parsi himself.
Then read this email he sent me
Quote:
The Century City location was closed because we sold the lease back to Westfield. They are spending $800 million on updating and remodeling the mall. The project should be completed by the end of the year at which point we are hoping to be able go back into it. We will negotiate our return back to Century City so long as they dont ask for an arm and a leg in rent. Given the amount of money they have spent we will see what we can work out. See below for redevelopment project.
The LOI for San Bruno is a different location located just outside San Francisco. Assuming we finalize the LOI and sign the lease, this project should open
towards the end of the year. We hope that the deal with QIC sets a precidence so that all the other major mall owners pay us to full cost of all new locations.
In addition to San Francisco, we are looking at additional locations on the west coast in markets like Sacramento, Seattle and portland where it rains a lot which is great for our business. See below link to press release on Todd Star
Recently we also announced our expanded partnership with Westfield in which we hope to open
up new locations in all the major airports throughout the country. We want to come to the rescue of families traveling with kids. If you can imagine millions of parents travel every day with small children and with all the security and flight delays, it can be a real challenge so our goal is to make travel easier for parents. See below release regarding Westfield and how they now manage and run all the major airports. Lastly, I have included some additional links to recent press and news.
Given all the above, aside from capital needs, we have purposely been very careful not to grow too big too quickly with all the things we are working on as it could damage our brand which we are building for the longterm much after im gone.
Hope this is all helpful.
