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Friday, April 17, 2020 3:41:00 PM
On the acquisition closing, lets use a small restaurant multiple of 2 even though that is prime location with a big future being only 1 mile from the new Raiders stadium. If the hard asset is around 2 million and with the small multiple we take it to 4 million, OS of 13 million, lets find some common ground of pps value adjusting to .30 or so.
Then add in the surging current revenues they are experiencing imo. with deliveries.
Investors looking for a stock thats real, no notes at all, crazy good share structure, current, well led by this CEO, and a very aggressive business plan that by the looks of the recent CNBC article on Ghost Kitchens, its going to be big.
The celebrity thing they are putting in place will really highlight the opportunity as well, the LA plan is also being fast tracked.
So, where does this put the pps in June or May?? perhaps .50 plus? also if they land a Venture Capital deal which is a strong possibility because of the CEO's connections and Snackpass deal who knows.. 1.50? point is a huge run is coming imo. if investors show patience and let it all evolve.
Please be kind to others folks, be happy for them, treat them with respect, these are hard times for many so having some class would go a long way. You just don't know what kind of pain they could be going through.
All the best, see you late next week, may we all do well in the end
Cheers
CORG https://twitter.com/cordiakitchens
Distance yourself from negativity and great things will happen.
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