But to be fair, how much is it really lowering? If I look at the chart since the start of calendar year 2019, the pps has bobbed around in the .06 to .10 range. At times its dipped a little lower than .06, but has consistently rebounded quickly. The number of shares bought below .06 has been very few overall, many bid paints in there.
Snakes & Lattes is a company growing quickly. All signs indicate it is healthy and expanding. We're in a waiting game that has taken longer than everyone would like no doubt about it. But this is a legit company with tremendous ability to continue growing. Many solid revenue streams. Quality cafes in fantastic locations.
Roger could have taken a different approach very easily, like take on toxic debt, go the mass dilution route, open a bunch of locations in strip malls much cheaper, etc. But there is real vision here for what Snakes could be and I believe will be. But it takes time. The brand is growing. As many have pointed out we've got the entire supply chain covered.
I wouldn't be surprised to see more cafe acquisitions very soon, but also publishers being acquired. Every person that has ordered a major game in Canada from the kickstarter platform knows of Snakes because that's whose shipping their games. That will likely expand in the near future to the U.S.A. as well. Growing the brand many times over. We have all these people's email addresses too because we send them tracking info. How could a database of every board gamer in Canada come in handy when we think of marketing moving forward? Possibilities are endless here.
Long post, I apologize. But I continue feeling more bullish about Snakes & Lattes every day. It's a monster in the making.
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