Faucet.. when folks start looking at this SHMM closer, they will realize just who the management is...
Tucker and Sarvis both were integral to the building of Jerry Richardsons* food service and related empires.
Tucker on the Spartan Food side..
Sarvis was responsible for building the Quincy Steakhouse franchising venture, which was later sold for 88 million.
Eventually, the franchising efforts of these folks for the medical staffing is what will bring the big money in here.
Now, that being said, I am not discounting the importance of the recent news releases that reveal the acquisitions of the ongoing profitable businesses.
In fact, Tucker told me that the 6 million figure revenue for this year is very attainable, and that they have developed good enough relationships with their merger targets, that they have not required the use of cash. Rather, they are utilizing preferred shares and not diluting the existing shareholders.
Everything is in place, what kills these start ups is lack of cash flow, and having to go to the public for money, hence, lower share prices...
SHMM has a 4 million dollar accounts receivable funding package in place. Yes, they pay a discount, but in the end, this is what will make us and them money. No need to dilute this little fella...
All the best.
*Jerry Richardson, best known for his ownership of the NFL Carolina Panthers.
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