Good morning...Did not have a computer that was working last few days. I think that we are missing the big picture. JB said in the PR...
"To expedite our development schedule we are in talks with two existing restaurant locations that can be converted faster than traditional ground up construction," added James Boyd, CEO of EEDG. "Our strategy is to attract additional joint venture partners to fill out the Atlanta designated market area."
Then this from EEDG ?@eedgstockinfo 20h
great news from a meeting to increase our equity through the JV funding. Goal is for multiple sites not 1. Be patient. Brick & mortar 2 come
In order to grow at the rate JB wants to, requires a strategy. The most important thing you need to sell franchises is the first location. Something to show other potential buyers. It can take a few months to get the Franchise Sales Document finalized. So what JB is doing makes a lot of sense on many levels. Open JV's and get locations in the area. In order to get JV's, he has made arrangements for funding for them. They get funding and our equity increases.
Look at what he is trying to accomplish. Get locations, get funding for us and most importantly, there is no need to sell shares. What is so hard to understand. His strategy is brilliant for the company and for us.
