West Coast Ventures Group Corp fka WCVC

[justavoice]

Completely disagree with both the not making money part, and the no franchise part!


https://www.otcmarkets.com/filing/html?id=13751668&guid=dNwjUWElWR-iu3h

Here's the link to their 10q for last quarter for WCVC

Let's zoom in real quick.

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WCVC revenue scope

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The three months ending September in 2018 had $806,989

Now this year the same three month period ended with $981,387

A change of +$174,398

Or a growth of 21.6%

To check the math on that yourself, take the new amount and divide it by the previous.

981,387÷806,989= 1.216 and some change

The 1 represents 100% the old value, or 896,989, the .216 is the gain over the old value, or what 174,398 equates.

So 21.6% growth for 3 months is not bad, especially if we are saying the more stores added to the mix, especially in new markets, the more growth potential that derives from it.


Now let's look at the 9 month changes.

2018 showed the ending 9 month period to have garnered $2,244,075

Then in 2019 the month period showed $2,765,406

So let's take the same equation new/old and see what we get.

2,765,406 ÷ 2,244,075 = 1.2323

The 1 again showing 100% the old amount achieved, and then a gain of 23.23% for 9 months


So we have about 22% 3 month growth and 23% 9 month growth.

Seems to me we are on a pretty solid path up.

They have expenses into marketing for both their stores and the franchise opportunities, but anyone looking at going into a WCVC and thus Illegal Burger restaurant can see there is plenty of revenues to be had imo

The key is store location in the markets.

Given if WCVC understands their market demographic, and goes after them right, as they have been... we can reasonably expect the revenues to keep increasing as time plays out, and especially as more franchises enter the mix.

Thoughts?

Paying their debt down in cash has also been a huge boon!