PAPA caveat emptor
Posted by: papaisaliar Date: Friday, April 24, 2009 5:25:11 PM
In reply to: rrufff who wrote msg# 4702 Post # of 4707 [Send a link via email]
Interested in Papa Bello..Please Read before going forward. Papa Bello will not disclose anything to anyone and they will lie to sell franchise's. They won't disclose that their Wal-Mart lease is in Jeopardy(which was confirmed by a Senior Wal-Mart executive). But they advertise selling stores in Wal-Mart. There is a potential class action suite being put together against them involving 8 past and present franchisees. There is/are several also a formal complaint filed with the SEC, the Attorney General of Nevada, Alabama, Tennessee, South Carolina, and Oklahoma so far. Their original auditers were fired(we think because they discovered something) now they have new auditors in. We know two of the Area Developers were promised shares of stock for performance but Chase Canfield the CEO/Owner has backed out of that deal after the Area Developers performed as asked and spent their monies.
We understand some of the Senior Staff has been let go aswell. Brittan Ashjian one of the orginial partners is no longer there, but it seems he has been paid off or being paid currently to keep his mouth shut.
Please reply here if you wanna know more.
