Not to just hammer this, but it's not surprising.
This company was in receivership by it's creditor. (Penn Bank)
They started off strong, getting up to 2700 retail locations and then fell to around 500.
He is going to have to SHOW that he can turn this around, not just talk about it and get a few new retail locations. Plus, during this whole time with ARSN, we don't know if they lost even more retailers. They tell us when they get knew ones, but we have to find out on our own when they loose some.
Read though the Offering filing, especially the second half, and you will see the financial condition of the Yueng. IC,
On top of that, Dicky now owes, I think it was about $1.8 million to Mid Penn, with monthly payments of approx. $11K a month.
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