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S&P 500
5,321.41
(
0.25%
)
US TECH 100
18,243.60
(
0.26%
)
Dow Jones
39,872.99
(
0.17%
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82.15
(
-0.36%
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-0.17%
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Post# of 43557
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Triceps22

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Triceps22

Re: Inve$tor77 post# 29555

Tuesday, 09/19/2017 4:24:42 PM

Tuesday, September 19, 2017 4:24:42 PM

Post# of 43557
Short version is that the stock was overpriced at .25. And .15. And .10. And so on.

Long version is that stock is dropping on a combination of small revenues with only a few locations, a desperate need for cash that is going to most likely lead to near-term dilution, and a CEO who sometimes gets excited about news and signs these nonbonding LOIs, but then they fail to materialize and shareholders get frustrated and impatient.

But mostly, it's the lack of cash that is preventing the company from growing. How much would YOU pay for a restaurant that only has two locations?
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