My two cents:
Pros...
1. Great concept, especially in a world where people are pining for personal interaction
2. Aaron seems to understand how to run a restaurant/ bar. He has good experience and says he has close mentors who have run large, successful venues. This gives me confidence he and the team are good at the day to day running of the cafes.
Cons...
1. Management has little experience running a public company. They dont seem to understand the ebbs and flows of the stock market, particularly the communication needed to get attention directed towards a pink sheet stock. Communication to the investment world, trying to attract new investors has been lacking. Also, communication to current investors needs to be improved. I understand they have limited resources, but getting the stock price up has benefits for the company as well (below).
2. Failed subs. I have no problem trying and failing on certain things, however, not capitalizing on the board game craze during covid worries me. I thought the distribution business would've been a homerun. Again, communication on what happened here has been lacking.
3. Shoe string budget. This goes with the territory with a pink sheet, however, if they could attract new investors and get stock price up, they could raise more money for fewer shares.
4. No audits, thus no franchising / slow expansion. I'm worried that because the concept is so good, a major player could come in and take over the space. Imo we need more urgency with expansion.
In the end, this is a pink sheet company with a lot of risk. They have a great concept, but need someone on board who understands the equity markets, and is solely responsible for investor relations.
