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Wednesday, September 14, 2022 11:11:21 AM
If they WERE heavily diluting(selling shares as you claim) on a regular basis, like MANY other OTC that you don't seem to have the same concern for, then we would be more likely to believe the assessment.
I do believe in general the management is trying to put together a successful conglomerate and connections, like the new President, is apparent to that purpose (average "Family office", of which he runs, manages $800M in assets)
It is obvious that they are working towards less storefronts and more in store setups like Krispy Kreme. Which has a lot of good lessons Given they were close to demise, twice
These are from an article about their growth:
"They grew faster than they were being efficient." He did, however, foresee a brighter future for the company under new management, and this proved to be the case "
"While he said they made some fundamental changes such as implementing cost-cutting measures and improving communications, one of the keys to the chain's financial turnaround lay in international expansion. In light of the SEC investigation, the chain couldn't add any more domestic franchises until they cleaned up their finances, but they were permitted to abroad."
Efficiency and broadening reach. Sounds like what's going on.
Reverse split Would be a death blow until they had everything in place to uplist. Doubt new management is looking at that soon.
Ultimately, they are obviously Making it for the most part on the profits they generate. The proof is EXACTELY that they are NOT constantly diluting. Anybody DDing MOST OTC stocks, Especially the cult ones, Knows their adding shares every few months. SFIO is A c*** shoot like 99.99% of the OTC. BUT. ..trying to imply they are worst than most...facts just don't support that theory.
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