Actually the 8K says:
"The registrant closed six of its seven company-owned Spicy Pickle restaurants on February 6, 2012."
Now I'm one of those who took a beating, I'm cool with it, it's part of the risk of investing, but I'm wondering what to do next: I could just close my position and use the loss to offset gains elsewhere, or stick around (my remaining potential loss at these levels is small), and maybe even add to my position, which I could double of triple for not a lot of cash ...
I see the market cap today is around 700K and I'm trying to figure out what real worth of the company/franchise is ... Anyone who can provide input on this ? I mean the franchisee are still paying their monthly cut I assume, that's got to be worth something ... If someone buys all the assets with intention to turn the business around, what happens to the shares of common stock ? Same question if the company files for bankrupcy ?
