West Coast Ventures Group Corp fka WCVC

[alexbh2285]

They don’t really pay down debt in cash. As I’ve posted several times they have paid down debt but they have issued more debt than they have paid down throughout their history and recently. That’s not what any financial analyst would call a debt pay down. They have paid idebt down with cash but that cash has been produced by selling massively diluted stock not from profits which don’t exist. That’s the same as paying down debt with stock dilution. Also, it doesn’t matter if they make $$$. When one person has all of the voting rights and almost none of the stock exposure and there is no board oversight or shareholders agreement, the stock is just a dilution machine with any future profits that can go anywhere - Jim’s salary and bonus. etc. Anyone can have 6+ restaurants with revenue growth if their eternal losses can be funded infinitely with people who think massively diluting stock is somehow cheap. It's no insight that foot traffic is good - it's not an issue of waking up to the fact that young people (or anyone) would rather walk than drive - the problem is that sites with more foot traffic are of course more expensive. Also, it doesn’t take long to put together a franchise. They were supposedly going to sign one in October until a hurricane somehow permanently derailed that (we never heard of this again) so they have the franchisee agreement and the infrastructure. The contracts can be signed immediately by anyone who wants to buy a franchise in a non-differentiated, perfectly and legally copyable concept with a parent company with no financial resources for franchise support. That is why there are no franchises.