Well, the condition that they become a fully reporting company and get share price over 4.00 then get uplisted to NASDAQ pretty much makes all this just talk to sell stock really. Everyone retweeting the news, promoting this deal, including never talks about how we are going to meet the conditions required to uplist to NASDAQ. If we had a share price that was always over 2.00 and out filings were always on time, you would think there is a possible path to getting on NASDAQ. But we have been public since 2006, really have no substantial business that is profitable and growing, is not a good track record. In 16 years public, we struggle to keep the share price over .01 cents, can't remember them ever filing anything close to on time, have done numerous reverse splits, and survive by selling stock.
We keep hearing how many stores we are in with frozen Pizza. I have put a good bit of time in trying to find a store that has them. Just come up empty all the time. No one here ever talks about buying one and trying it. GMPR has never mentioned a single physical location selling the Pizza's. If they did, I am sure I would not be the only one buying some to try. If they are good, we would spread the word and get people buying them.
I am sure Black Rock would love to sell them restaurants for 4 million dollars and rights to more locations. The restaurant business is one of the hardest to be profitable in good times. Now, most can not get enough employees to keep normal hours, food costs keep climbing every month, utility cost going up quite a bit, rents going up, all the while the average consumer has less buying power every month.
Pretty sure anyone lending money looks at a company's credit rating, company history and track record, Assets available to guarantee the loan, what the funds will be used for and likelihood that that the business will succeed and have the cash flow to make the loan payments. The bar is so high it is basically unreachable for us. So the LOI agreements are most likely to generate some excitement, have people load up on the shares they are dumping, then when no shares left, use it to Justify a huge R/S.
