Tuesday, May 30, 2017 10:09:21 AM
I was in this but traded out without making much at much higher levels. I really liked this company and researched it for a long time. The problem I was all the shares that can pop out of nowhere. They promote, sell more shares, hoping that they can pay bills down and come out of it but the problem I see now (that I did not see earlier) is that ,, there was a newness to the events coming to the cities. Everyone wanted to try it. And it seemed like a good time. But people would pay a bunch of money stand in a long line, slide a few times and be done and the newness wore off (slide the city).
Even the Color Me Rad locally got way less press coverage this year (in Hartford area) and from the pictures I could find attendance did not seem to be as good.
I think basically the capital structure here is in such bad shape that any real progress is matched with new stock coming out and while I do think Surber is trying, he might be in too big of a hole barring the entry say of a new strategic partner or buyout.
I am really happy I sold at like 6 times these levels or more or I would have been sitting on a good size loss now. Still check back from time to time as I really liked the idea of what they were doing here.
I wish luck to everyone. I would stay on top of that event schedule though and see how well attended events are near you.
Everything I post is my own opinion and people should always do their own research and due diligence on any company they are looking at
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