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PennyHoper

01/11/24 8:58 PM

#20417 RE: joe botts #20416

I only posted the link that T53 copied because the video stated the reason that Nixon took his restaurants public with the reverse merger into WCVC, which was to 'help propel them into a national brand.'

Since Nixon is still keeping his franchise hopes alive, at least 'on paper' that is probably still his strategy. If, somehow, he gets franchising (of some sort) to take off, then he will get revenue from his franchises.

How the heck he is going to repair his share structure is not only an open question, but it's even a question of whether he cares about it. Plus the specter of reverse splits or further bloating of his A/S followed by more dilution is -- to mix a metaphor -- an obvious elephant in the room.