Friday, May 22, 2020 11:17:00 AM
* Significant decrease in revenues. Many restaurants already closing permanently due to COVID.
* $1MM in notes maturing over next 12 months. Will have to be paid via shares.
* Increase in use of notes. $250k written this past quarter alone, and that was before COVID shuttered the cafes.
* Management converting preferreds. Will have to raise AS.
* Continued uncertainty related to COVID.
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