Sunday, May 07, 2023 9:29:43 AM
IMO,
they need to get rid of cafes that have no hopes of turning positive net profitable
they need to reduce payroll, including getting rid of Anais and paying selves. They've already "stolen" minority SH common shares and rewarded selves with either preferred or common shares - for POOR Execution and outcome of projects
they need to STOP acquiring bankrupt/near bankrupt companies because they simply don't know how to make into a positive net profitable company. This is a FAILED business model.
Which leave two options - get a ginormous partner who will actually invest in 20 cafes; as you say - or go to Franchising Model.
The other option of approving additional common shares to raise money will be disastrous for current minority SH.
Everything posted is MY OPINION! I am making NO buy or sell recommendations here! DO YOUR OWN DUE DILIGENCE!
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