Baltimore store packed and stacked with shoppers. Long lines and the array of shoppers varied from the young to the old. Took me ten minutes to pay for my items. Based of the volume of shoppers it should be a very decent early sales figures for the start of the holiday season.
Sentiment: Strong Buy
Too bad people have to try and scare people for a living. They are just too obtuse to pick a stock at it's low and make money. They really should just take their comments and their efforts and put them into creating a proper job resume, something that will actually pay a salary.
Not sure if this is part of their problem, but I went in to look around and found the same shoes I have been buying for 59.99 at another shoe store and they were only 29.99 in Pennys. I grabbed a pair for the hell of it.
The place is a nightmare work for. They recently lost class action lawsuit in Murfreesboro Tenn for the time it takes to be searched leaving the building for lunch and home after each shift is over. Average payouts are amounting to about 2500-6000 to each employee currently still working there and ones that have decided they have had enough with the searches.
As of June 30, 2013, we had $432,363 of cash on hand and working capital of $700,414.. Our management believes this amount is not sufficient to maintain our operations for at least the next 12 months. We are actively pursuing opportunities to raise additional capital through sales of our equity and/or debt securities for cash. We cannot assure you that any financing can be obtained or, if obtained, that it will be on reasonable terms. As such, our principal accountants have expressed doubt about our ability to continue as a going concern because we have limited operations and have not fully commenced planned principal operations.