Wednesday, July 05, 2017 7:21:18 PM
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.
Recent BOMO News
- Form DEF 14C - Other definitive information statements • Edgar (US Regulatory) • 05/08/2024 12:50:11 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/06/2024 08:11:11 PM
VPR Brands (VPRB) Reports First Quarter 2024 Financial Results • VPRB • May 17, 2024 8:04 AM
ILUS Provides a First Quarter Filing Update • ILUS • May 16, 2024 11:26 AM
Cannabix Technologies and Omega Laboratories Inc. enter Strategic Partnership to Commercialize Marijuana Breathalyzer Technology • BLO • May 16, 2024 8:13 AM
Avant Technologies to Revolutionize Data Center Management with Proprietary AI Software Platform • AVAI • May 16, 2024 8:00 AM
HealthLynked Corp Announces First Quarter 2024 Results: Achieves 8% Revenue Growth Over Last Quarter • HLYK • May 16, 2024 8:00 AM
Integrated Ventures Files Q3/2024 With Mining Revenues Of $1,983,250 And Positive Earnings Of $0.05 Cents Per Share • INTV • May 15, 2024 10:30 AM