This was the plan Inca had, prior to the credit meltdown...
Inca plans to open two more stores in key resort locations as well as in Atlanta, Las Angeles, Dubai, Macau, London, St. Tropez, Hawaii and Mexico. It expects to open between 4 and 10 new retail stores by 2010.
In addition to increasing its brand visibility through Inca-branded retail outlets, the Company enhances its profit potential since apparel sold in Inca stores will command a higher margin. Inca generates gross margins of around 70% on swimsuits sold through third-party retailers.
I'd give credit to the original date and author, but in a senior moment, I've spaced it out!
I only post this to justify why we bought in at 0.0002 and have never sold a share. If they can put together half of what was planned, I may own Dan's beaches.
IMHO, this is a long term investment, flippers need not apply...
