RE: DYOR21 Jan 2020 19:31
There are 32 locations (not 23).
I bought at 1.65 and have no intention of selling any. It would be foolish to let them go so cheaply when continued growth is so clearly laid out before us.
No point aggressively marketing the app to users before there are a decent number of restaurants on the app. Better to save the marketing spend for when we're at 1000+ and chains are starting to come online.
People have been burned by this share. The door knocking approach to restaurant acquisition failed, so the share price sank. The new strategy (telesales) is working incredibly well, so the share price is bouncing back. Simple really.
They will likely raise funds for q3, but we're expecting this to temporarily make the share price climb more slowly, not send it down. Fund raises are only a problem for desparate companies. We'll be fine.