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Re: Ringrock post# 102303

Wednesday, 02/14/2018 8:25:48 PM

Wednesday, February 14, 2018 8:25:48 PM

Post# of 346476
Yeah, net was still down thanks to Midtown not being open. All their employees were working the full quarter, but hte place was open for a few weeks in the quarter. It took a lot of cash flow, but I respect Roger and Ben (let's not forget Ben too. this NOt just the Roger show!) for paying those people when the cafe they were working at was not open. It took away from our profits short term, but now Midtown is open, and I bet the employees are MUCH more loyal knowing how they are CARED for by management, compared to a lot of other places they could be working.

SO long term I like their philosophy. Short term, it took some profits out of our bottom line for this specific quarter.