Gourmet Provisions Intl Corp (GMPR)

[Bobk101]

We have finally received the paperwork back from the investors to raise the capital needed to close.

I didn't catch that before. On 11/29/2022 they said deal was done and they should have the money by tomorrow (11/30/2022) Which never happened. That would have implied that the investors already had the money, it just wasn't released yet. At least that is how i took it.

Do you think it implies that they signed an agreement and now the investors have to actually raise the money for the BR deal? Would that also mean we would now need to be uplisted to NASDAQ as part of the deal to raise the money as they mentioned before?

I can not see how they plan to uplist. Stock share price needs to be over 4.00 a share and stay there. We can not even break .01 and stay there. Thought I read that you can not have lost money in the 3 previous years. We have lost money every single year since inception in 2006.

Then you wonder, what investors would invest in, and give controlling interest to a company that has lost money every year since 2006, and can not even run a basic Pizza shop. We don't even have a singe running Pizza shop, and they list selling Pizza shop franchises and mom and pop pizza shop conversions as one of the main parts of their business. They still list Unique Tap House as a subsidiary https://www.yelp.com/biz/tap-house-sports-grill-murrieta-2 It went bankrupt years ago

COMPANY DESCRIPTION
Gourmet Provisions International Corporation engages in franchising, frozen pizza, conversions, of pizza shops, owns four wholly owned subsidiaries: PopsyCakes LLC; Jose Madrid Salsa Corp.; Unique Tap House; Pizza Fusion and has a licensing agreement with Christopher Street Products. The company was founded by James C. Vowler in 1991 and is based in Pittsburgh, Pennsylvania.