Wednesday, May 23, 2018 11:25:11 PM
Des is a mediocre coder and his original idea to focus exclusively on restaurants was ridiculous. They have no traction and sales are way too slow.
Penny brought a huge, accretive acquisition prospect with revenue of $30 Mill + and positive ebidta when the stock was $3 and the board failed to act. This was a huge mistake and a large part of why penny sought to replace these directors.
Once penny is back at the helm, there is interest in a large $10 Mill financing which would bring another $7.5 Mill in warrant money as well. This would recapitalize the company, and give it ample runway.
Penny will also ensure that glance executes on its licensing agreements and continue to drive deals and create shareholder value
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