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Wednesday, 12/02/2020 12:35:05 AM

Wednesday, December 02, 2020 12:35:05 AM

Post# of 53160
Jimmy won't exercise Budcars 30% option anytime soon..Why would he?..VIE 40% status allows consolidation of BC financials now..And whenever he opens another BC hub, it will take time for that to be profitable..Assuming any profits realized just get rolled over into another hub..So, Jimmy now has ability to report BC revenue and expenses...and likelihood that their won't be any profits for quite sometime, especially when they hope to establish 20 hubs eventually, so why spend another $525k now when he can spend it later? It would be nice if we had a breakdown of Budcars expenses..How much of the profit gets reinvested and how much going to consulting?

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