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Posted On: 09/20/2017 1:24:03 AM
Post# of 3935
Re: Usranger69 #3669
GIGL is years away from even dreaming of a buyout. They need 50+ locations before there will be anything of value to buy.
Since there isn't enough time or money to open stores this year, it'll be 2018 before they even get one new store in the U.S. It doesn't look like Bahrain is happening any time soon, if at all.
To be honest, I think the Bahrain deal is dead. It could have easily been announced by now if it was going to close. Plus, why do a subscription offering for money if you have money coming in from selling a master franchise?
I would take that money and use it to open stores in the U.S. That's why I think the Bahrain deal is dead.
Plus, why didn't they get a business loan? No dilution, just a traditional bank loan. They have the team backing them and two good stores so why not? Maybe they tried and were turned down.
Something doesn't seem right here.
Since there isn't enough time or money to open stores this year, it'll be 2018 before they even get one new store in the U.S. It doesn't look like Bahrain is happening any time soon, if at all.
To be honest, I think the Bahrain deal is dead. It could have easily been announced by now if it was going to close. Plus, why do a subscription offering for money if you have money coming in from selling a master franchise?
I would take that money and use it to open stores in the U.S. That's why I think the Bahrain deal is dead.
Plus, why didn't they get a business loan? No dilution, just a traditional bank loan. They have the team backing them and two good stores so why not? Maybe they tried and were turned down.
Something doesn't seem right here.
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