First, consider that I am trying to remain neutral and I am open to all discussion pro or con.
The other alternative, and legal, is a RS to deal with the huge share structure. And Jason did have one scheduled, but couldn't get it approved with FINRA(I THINK IT WAS FINRA that shot it down).
Jason was probably venting without thinking, and it may have been wise for me to leave the moron part out, and I almost did, but then I felt it may be unfair to change the wording.
I believe he has full intention of still opening stores, however, I don't see it being possible unless he comes up with a serious amount of cash, which isn't impossible, but I got the feeling that the future profits won't overtake the expenses it will take to open up, especially one or a few stores.
Some of the cash issues are past expenses from the closed store still due, including final payroll.
I think it may take about $10k to get the paperwork right to do the RS.
There are surely lots of expenses due I'm not aware of that would prevent opening another store. All in all, "I think" Jason needs about $100k CASH to open the door at a new store. It could be more, but I believe that's what it'll take just to get the company moving forward, which does nothing for the share structure unless a buy back or RS is done. I doubt funds are or will be available for a buyback. That leaves the RS option.
All the above is even assuming Jason is indeed moving forward to open stores.
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