The fact of the matter is there is no way I mean no way we are seeing the true numbers in my opinion. Well lets put it this way if that really is the true numbers then they have no choice but to close these other 17 new places. And what happened to all this revenue for working the football stadiums. You can't have 17 places doing %400,000 total revenues . And 15 doing 2.3 or so million. Some of these new ones were already establish places as well.
DD Yes We All Need To Be Careful When Reading Stuff Put Out By This Company.
You've pointed that out before. Things like a double negative turning a statement positive, etc.
The new branches are definitely dragging along. Maybe the new COO can change that.
It is possible Schadel was good at managing 15 branches but lost control when the count increased to 30. If this venture is on the above board then maybe he is just frazzled.
It is known in VC circles that entrepreneurs often make terrible managers. They usually hire pros to take over after the venture gets going.
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