We can rehash the past over and over. We can as arm chair CEO's say we should of done this and that. it's always easier looking back. That old saying hindsight is foresight.
I'll be the first to admit mistakes were made. Every long term shareholder knows mistakes have been made. We also should remember that SL was in financial troubles. Morning was in bankruptcy. A seasoned CEO would of needed time to turn things around. I'm not saying Roger has done a good job or bad job. He trusted people who let him down. You can't get to 100mph without going 20,30,ECT. First.
The facts are this
Morning has 2 games currently being sold world wide. Morning has other games in development which also will be sold world wide.
SL has 4 locations currently. These locations usually have waiting lines during popular times. Tempe is thinking of expanding hrs. Of operations. Every review site gives 4.5 and above to the cafes. No reason to think new locations will enjoy the popularity of current locations.
Rogen has stated 10 new locations with no payment until after the 4th location is opened. Who does that? He sees the potential to work his ass off without getting paid. That says a lot to me.
Roger's giving some of his preferred shares to make this happen. What CEO does that? I'm not going into who has how many shares, how and why they got shares frankly I don't give a crap. Even at today's sp Roger could of converted dumped and he still would be a millionaire. That tells me a lot about his integrity wanting to see the company grow for shareholders.
I see growing revenues. I'm not going into late Q's and audits. To me these were and are still issues why we sit at the current SP. Roger and Ben recognized the company has grown beyond their abilities. They have a director of operations. They have more accounts and looking for a CEO. They have Rogen who is committed to opening locations.
I refuse to come here rehash crap and complain on a daily basis.
If I saw there were no changes being made I'd take my 55% paper loss and turn it into a real loss.
I see positive changes being made an I'm willing to wait the year or so for those changes to take effect as the company transitions from a pinky cannabis play into a entertainment company making 10's of millions of dollars a year.
Suppose I should also comment on profitability as some say the company runs at a loss. I did the DD 30% of NYSE and NASDAQ companies show a profit. Enough said about that.
Do your DD make your own decisions and most of all listen to yourself and no one else.
I'm a 1 finger texter and that fingers in pain. Good luck to everyone. Those that stay for the long haul I hope to meet at a SL one day talking about FUNN war stories over a Nutella latte.
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