There are only 6 rooms and ONE hotel...
The problem with this company is this:
Even if EVERY room was full EVERY night of the year, the MOST this company would make is $766,500/year...
That is 6 rooms (between 299-399/night) for a total of $2100/night X 365 days of the year...
Most businesses operate at about 50% margins and I'm assuming this is no exception (MJMJ's margins might actually be smaller)...but assuming 50%...that means that MJMJ makes only $383,250/year
$383,250/year and it's a PUBLICLY TRADED COMPANY...
Not to mention that their debts (according to the last tax year they actually filed, in 216, was in to the millions...
This is a toilet of a company and a terrible stock. The only way they can repay investors is if they expand BUT, the problem with that, is that there is NOTHING proprietary about this business. There are already other companies out here in California who are doing this same thing and doing it better. SO...there you go.
