Gourmet Provisions Intl Corp (GMPR)

[mikeer69]

Sounds about right to me. I think it's worth repeating that all of these Executive level folks at UPZS raised money from friends and family, and are seriously interested in increasing shareholder value. They can't just "throw in the cards" when it's tough and blame someone else, because they've brought so many people into this deal. Fact is, it's taking longer to execute their plans, but they also seem to have enough cash on hand to expand. The onus is on them to get more stores coming onboard, and cash flow.

If the share structure is too loose (which I think it is), they'll have to fix it at a cost. I believe Fountain Capital advised poorly on this and it'll affect the speed at which we can go up in the near future. When this gets sorted out, hopefully we can start thinking in terms of dollars on this one. That would be great. It will take some surgery as to the capital structure of the firm. Once the cash starts rolling in though, some of these concerns will go away.

In the end, it's a start-up, and exciting start-up with a promising product in a very good, but competitive, market. There is a lot for Pizza Hut and Papa Johns, Domino's and others to lose from UPZS. I hate their product and know a ton of people who do. There hasn't been a viable nationwide chain alternative until I believe now. Still, to be nationwide the expansion has to increase. This is stuff we all know, but the risks are laid out and the company is fairly valued or slightly over-valued today (IMO) based on their execution. Fidler will be pushing for a lot of stores quickly, and the market will too. I thought the merger was supposed to be done in January, but here we are in February with no news on it. I'm big on communication, and the company needs to begin communicating again.

Just some current thoughts. I'm loaded with this stock and hope like none other I'm correct. Looking forward to the company increasing its pace.