Replies to post #6713 on West Coast Ventures Group Corp fka WCVC

[Sobek]

Nice reply!

[PennyHoper]

Your reply to me seems to suggest that I am bashing WCVC (for not being profitable), which I am not. Again, I'm holding WCVC shares (since January), so bashing it would be against my own interests. I do, however, try to be realistic.

I agree that a new company shouldn't be expected to be profitable from day 1. WCVC is relatively new, but it isn't brand spanking new, born just this year, or even last year. This website:

https://www.linkedin.com/company/illegal-restaurant-group-inc/

says it was founded in 2013. So, that's 7 years.

I don't believe I said anything about 'instant profitability" -- but 7 years sure isn't (to me) being brand spanking new. How common is it for a 'new business' to be in business for 7 years and yet not ever have been profitable?

Given how many business HAVE gone out of business this year due to COVID-19, hoping to see evidence that WCVC isn't also near death, but rather, is relatively healthy, isn't unreasonable (to me).

I do plan to stick around.

[alexbh2285]

It’s not investment. They even lose money on an OPERATInG basis which means it costs them more to make a burger than they can charge for it. It says this in all of their financials. They have only survived by diluting to over 5.2 billion shares and by receiving over $1MM in government grants and loans this year due to covid.