I remember that Chef. That is when we were really researching hard talking to Mr. Le (you) and me with researching the InVogue opening.
"We did not budget for" that are his infamous words.
How can you not budget for 2 store openings. Delays are delays. Anyone in property management and construction know that.
The key is not to spend $600,000. audited financials are the only way to know. At the end of the day, if they get the green light, I think he is hellbent on doing a R/S.
Since he claims there are GREAT PROFITS in his model, then take the "Private money" open up the store(s), take the GREAT PROFIT and buy back the billions he put into the A/S.
If he wants any credibility he will do that. If he does that, I will be the first to say, thank you Jason for finally understanding your shareholders, and improving your management skills.