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Thursday, June 04, 2020 5:06:33 AM
If Eat Street wants to do an IPO, it will be on a big board and the expense will be a drop in the bucket to them. The share structure would have to be amended to something that would be night and day compared to what it is here (5B AS here?) and I'm not sure I've ever seen anything like that done. It's too early to crunch numbers to see what kind of SS/capitalization would equal $500-$600M in revenues, but let's just say the current SS here would Not even be remotely close to being able to support a big board listing IPO.
Again, I'm also also curious and waiting to see what the site update is going to announce but Eat Street is not even on my radar here.
JMO
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