Yes it was. I think everyone that expected units up and running by now is gone from here.
What we are being given, through these prs, is how any responsible management team would go about trying to create a brand new brand name food franchise.
Studying the best retail locations to place the unit is one step in trying to maximize the overall success. Reaching out to the best possible franchisers is another. Hiring a chef to design the menu items is another. Finding a quality metropolitan area to launch the first units is another. Having a plan in place to build and transfer the completed unit is another. Having the infrastructure to supply the unit is another. And procuring the adequate financing to get this off the ground is the key to all of this.
These are all things that we have been given as to how they are going about this endeavor. All of them are the correct steps, and they also seem to know what order each needs to be in to achieve a successful operation. There is nothing here that we should be worried about except maybe the financing/dilution angle.
Being an investor with this company for almost a year now, they have maintained fidelity to their share structure this whole time. They have increased the O/S, but it is still way below what most penny stocks are at. Just going on past experience with this one company, I expect that this fidelity to the SS to continue.
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