InvestorsHub Logo
Followers 7
Posts 917
Boards Moderated 0
Alias Born 06/21/2017

Re: BeachBum post# 52724

Monday, 02/11/2019 12:09:17 PM

Monday, February 11, 2019 12:09:17 PM

Post# of 99715
I mean, who is ultimately responsible?

If it closed, that is poor management from CZNI.

I understand your defense of CZNI, however, either this was a poor acquisition choice from CZNI, or CZNI did not manage the situation properly in order to avoid this type of situation.

Why bother buy up a company and let it run to the ground when the parent company is just getting started. A sound acquisition in a start up period would be something that can hold its own while providing a revenue stream.

The way it sounded was that things that were promised with the acquisition were not implemented properly. As such, operations had to shut down. Dee is not calling the shots in that area. If through the acquisition, it was established that CZNI would infuse X amount to the company or assist with X in the launch of the restaurant, and then retreats from that agreement after it is signed, it would not be RFC's fault if things went south.

Anyhow, as I have stated before, we do not know the situation they are in. Let them figure it out, and instead of criticizing Dee or the restaurant, when there is still a possibility that it could reopen, let's not tarnish the image of the brand based on speculation.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent BOMO News