Bowmo Inc (BOMO)

[nonewname1]

This is just my opinion but I think the current owner is sort of a regular guy if you read his backstory. Graingers has blown up and he needs help taking it national. He will probably keep a portion of the royalty fees and get some preferred shares and in return charlie graingers grows exponentially. Another words he may be over his head and by handing the reins over to this group he actual increases his chances of making more money. He also makes that money while not having to run the business or deal with the day to day. They are probably hoping for thousands of locations eventually.

They may have also promised to acquire other business (ufood grill maybe) as part of the deal to increase the value of the stock. The original PR said this was the first of many acquisitions.

Do your own DD and make your own decisions.