Not sure how meeting will turn out, but worth asking.
One additional question to ask, perhaps first, which may help us understand the BMOC situation.
BCCI took revenue for three franchise fees -- presumably BMOC -- during Q4. But, as of the March 31 balance sheet, the $75K still shows as a receivable. As an ex-accountant, hard for me to understand how the company performed sufficient duties in accordance with the contract to be able to take revenue in Q4, yet not be paid more than 90 days later, but the auditors approved the revenue, so be it.
So, the question: have those fees now been paid? Certainly should have been, the three stores have opened.
As an ancillary question, one part of the amended Form 10-12G/A which was filed on Friday, July 24 said that the company anticipated opening ten franchises in the next 12 months, and another part said ten between July 1 and December 31, 2015.
Which is their current expectation, and do they expect that all franchises will be through the BMOC agreement or are there other interested franchisees?
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