Monday, December 28, 2020 6:23:42 PM
In theory this is actually a great business model if you can get away with it, but just doing a simple Google search and BBB search tells a very different story. If they can sell 100,000 of these coupons per month, they net $400,000 per month. The problem is, even with the influx of carry out and delivery, there are 1,000's of very unhappy customers.
If they can fix that, they may have something here, as it can help restaurants recover their business while driving customers to their restaurants. It will blow up on them if the Restaurants do not honor these coupons and have a seamless experience using them. I hope they use the $7.5 Million they raised to focus on the customer experience, which in their model is both the Consumer and the Restaurant that accepts the discount.
Might be worth a gamble, if they confirm the raise, and fix their consumer issues before they are shut down.
Good luck to all.
Recent RSTN News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/15/2024 09:14:20 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 01/05/2024 10:15:16 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/13/2023 10:02:03 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/22/2023 02:14:20 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/21/2023 08:48:46 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2023 09:04:52 PM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM