Thursday, September 26, 2019 1:57:11 PM
There have been more than 2 Illegal Burgers even when PJET was a private jet company and had nothing to do with Illegal Burger or food at all. WCVC bought Illegal Burger in 2017. Illegal Burger owned 4 Illegal Burgers at that time (see the 2018 WCVC 10-K). The third illegal burger was opened in January 2016 (see the 2018 WCVC 10-K). The fourth and fifth ones were opened in June 2016 and October 2018. So as of June 30, 2016, when there were even four Illegal Burgers, PJET had nothing to do with Illegal Burger or any restaurants but was in the aviation business (see the PJET 10-Q for the period ending June 2016). PJET didn't even buy Telluride, the failed "happy water" (not CBD water) company founded by Yasmine Acebo, until late 2017 (see the PJET PR on 10/12/17). PJET had nothing to do with restaurants or WCVC until 11/8/18 when the whole WCVC/ AmeriCanna / USMJ / PJET shuffling was announced.
If you really bought PJET before January of 2016 when the 3rd Illegal Burger was opened, I don't see why it matters that you bought PJET when it was supposed to be a private jet company and then after many years WCVC opened 3 more debt ridden and money losing (see any WCVC financial statement) Illegal Burgers (which lose money on an OPERATING basis so it's not due to opening new stores - see any of their financials in which their auditor says that their losses and negative working capital raise(s) substantial doubt about its ability to continue as a going concern).
PJET does not own any part of Illegal Burger. They are supposed to do a food truck pilot of AmeriCanna Cafe with WCVC, the owner of Illegal Burger but this was announced more than 10 months ago with no progress.
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