Chris just responded, and responded well.
Big Guy,
You are right that they will have substantially less cash on hand than the $3.2 million, but I have spoken to management and i am assured they will have enough cash on hand to last for 8-12 months.
We’ll see if that holds up.
Remember the restaurants are already running at net cash flow positive.
It isn’t enough to overcome their salaries and other corporate expenses, but it is enough to run the restaurants and break even on them.
We’ll see how long the downturn in the stock lasts, but I have a feeling that we are nearing a bottom.
Once these guys liquidate their positions and get out of the stock, we’ll see some strong stabilization, and a return for new money looking for bargains.
We’ll see what happens.
Chris
Notice he is being a bit muted. I am satisfied. Overall, an excellent response. He must have called uWink on it. Maybe the conversation went something like this:
Chris: Nolan, Chris here, the Big Guy is giving me a hard time on PeakStocks.
Nolan: Oh, don't worry about him. He is an Arch Villain. A real pain, along with Fanny. Pure Evil both of them.
Chris: But he says this... and that...
Nolan: Just a second. The fire is getting low and I am cold. This currency does not burn well. It is actually made of cloth, not paper, you know. I get it from Finance... (joke..).
Chris: OK. (pause).
Nolan: Well, the restaurants are doing well, they make money... and this.. and that.. and the other..
Chris: OK. I will Destroy Him.
Nolan: Please do.
Chris: Oh and btw the gaming and food was great the other day..
Nolan: Great. Bye...
