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  • sbuxman07 sbuxman07 Aug 14, 2012 10:55 PM Flag

    New Store Development! My takeaway..

    New Store Development

    "For the remainder of the year, the Company intends to open six mall-based stores and five mall-based kiosks primarily within the Boston to Washington, D.C. corridor as well as one store in Manhattan and one store in downtown Philadelphia, PA."

    ..and with the Starbucks business, CRMB has 2 quarters to impress with revenue growth, and then issue maybe 1 million shares at $8-15 per share for $8-15 million in cash to open "In 2013, Crumbs anticipates opening as many as 25 stores."

    So, 2 good quarters of revenue growth, and then a small dilution of 1 million shares in about 6 months - sounds great to me. At $15 per share we are talking about only around a $75 million market cap!

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