The amusing part of all this is that Jimbo certified that there were fifteen Papa Bello Pizza Restaurants currently operating in the December, 2011 financial statement. There were NO PB Pizza restaurants still in business at the end of 2011 and quite possibly NONE were operating at any time during 2011. The fifteen restaurants mysteriously and inexplicably disappeared with no mention of them again in the Q1 or Q2.
The Q2 explicitly stated that PBE was OUT of the restaurant business; however, there were those unexplained influxes of capital and loan money in the second quarter, as well as the registrations of PBE in Colorado in June and the liquor license transfer application going back to about then.
All of which is to say: if you own shares of PAPA, you don't know what you own, and quite possibly neither does Jim Wheeler.
If, and that's a big IF, PBE owns a restaurant, how much does one restaurant in Pueblo, CO have to earn to matter? Well, let's see. If it can net $10,000 a month, that would be $10,000/200,000,000 shares = 0.00005/share/month.
.00005 X 12 months = .0006 per share. If you owned ALL 200 Million shares that would total $120,000 for a year.
Oh, yeah, baby, that IS good news!
