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payperview

03/12/14 5:13 PM

#27876 RE: cable #27875

This company has been around since the year 2000. It has changed names, had a reverse split, diluted on a regular basis to the point that the original shares amount to less than five percent of the total, et cetera.

The company claims sales of slightly more than $400 per day per location. The real estate of these locations do not belong to the company. It rents, and in three or four locations it rents a space on a parking lot on which it has a mobile unit. At current level, the market is valuing each location at $3 million plus each. The average hospitality food and beverage outlet that is valued at this price level generates more than ten times the volume of sales that these kiosk company claims.