I can’t help but laugh! Some claim that NGD isn’t a big part of SNMN potential. But it’s been so heavily pumped for months. There is still no entity registration and haven’t seen a building permit, so taking over a lease from SweetCakes is a good thing as long as we change the sign?
When talking about a franchiseable concept or buying a franchise, the first thing any seasoned franchisor looks for is a proven model. A successful scaleable model allows for profitability and expansion. What part of going out of business is profitable, not once, but twice? In the case of SNMN, we have a zero revenue entity buying a failed concept with a RegA funded at absolute bottom, if it’s funded at all. Press releases contradicted one another for months. Georgetown was alledged to open 1 October, and no location given, no open. No entity registration, which is required to operate legally and collect sales tax. Sterling alledged to open 20 October, same problem. It’s pretty sad when we are talking about a donut franchise, and the chances of even buying a proven model like a Dunkin’ Donuts isn’t possible because that takes an investor with nearly $1m in liquidity!
So while we can all wait for potential to deliver, let’s not get to excited we are pumping the purchase of a 2x failed business by someone who has never run a successful business outside the trading world. Revenues are what were promised, and so far we are still at zero. How about we see some transparency concerning payroll of this publicly traded entity? Concerned the only share increase is based on potential and zero balance sheet activity - spare us the other OTCs are worse. We are invested in SNMN and this is the topic
The chart is getting worse by the day
