Nike Jordan
Supporter
- 33,349
- 79,304
- Joined
- Jun 27, 2002
A Black woman rolling over like that.
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Have a going concern already that they may go under as there is a cash flow problem. This may result in a SEC probe.
Brunch prices still kicking WASHED KING ***
FACTS.
These grass on the wall establishments must be stopped
I’d gladly go back to NYC brunch prices if I could find a spot in the DMV that knew what they were doing and had parking.
As of their 3Q23 10Q, they still had $300mm in cash from the IPO. I can’t read SPAC, but from the best I can tell from the 8k, only a few thousand shares redeemed at the ~$10 buy in (why would they with markets at over $30?). Even with $57mm in annual losses, they should have enough cash to ride it out for a few years.
So, yeah, why are they talking about defaulting?!!
What’s wrong with the economy?
I saw that they have only a little over 2 million in cash available so I don’t know.