True. The money could propbably be used for other stores. However, I am more interested to know how much money has already been spent for the KK store that would now be a sunk cost to the firm and its shareholders.
Remember, for instance:
- 1st right of refusal to worldwide store locations. This is an asset to the firm (expected to generate future revenues), hence it would probably have cost money to obtain that right. Did Bravada get it refunded?
- DA also mentioned that a number of exclusive products were sourced a few weeks ago already. How much money did go into design, production, etc. Have manufacturing contracts been signed for the proposed August start that need to be cancelled? Any indemnity payments?
No one here knows what funds were used for this venture. All we do know is that a substantial number of shares were added during the planning phase of the KK store (O/S officially updated as of yesterday on corporate website). More information here is needed.
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