Ah yes, warts....the same warts that took IFLM's O/S to almost 2 billion with a one for 2,500 reverse split in July 2015....and even then the company is still in default on significant loans.
The O/S was 800,000 after the one for 2,500 reverse split and a year later the O/S is significantly higher and going higher daily.
And on the fundamentals thingy, Chef Eddie had to loan IFLM over $83,000 just to get the renovations done. That is soooooooooo wrong in every context.
With the restaurant losing money as of March 31,2016 the money to support the restaurant has to come from more dilution at drastic discounts.
Shareholders are expendable.
If the restaurant is such a gold mine it is conspicuous that not one celebrity with bazillions of dollars in net worth has stepped up to financially support the restaurant. Not one. Perhaps they would rather stay thirsty and keep their money.
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