Company owned store sales decreased. This is a growth stock, so that is not a good sign. Franchise restaurant sales increased, but now they have decreased the franchise owned stores set to open. All guidance was lowered, so that's not good at all.
If I told you that sentiment changes, would your mind be blown? It was/is a good company, but in a sinking sector.
Maybe I will exchange this stock tip with that Prince in Nairobi that keeps email me. Since he is just wanting to give me $12,000,000 for no reason, it's the least I could do for him.
I just sold my 25,000 shares today in Treasure Island, for an embarrassing sum. I held it all the way from $1.33 and cleared them at $0.023. Ouch. It was fun following the ultra deep shelf, but I need some convincing to buy into GULTU even at these prices. I believe the gas is there, but it seems that the patience and money is not quite there to make this a success in the near future. Take that with a grain of salt, as I have paid a lot less attention to this since the sell of MMR to FCX. The offshore failures were all so hard to swallow, even after a glimpse of onshore success.
I doubt they are buying their own wells. Hell, $9.4mil doesn't even buy that much new oilfield equipment. I would like to hear about a North American E&P company using them (not PEMEX) before I will trust this company. There seems to be a lot of pumping this stock. Also, does anyone know how this company is actually structured? Does PROP own the equipment, and Novas owns the technology? I am worried that one only holds a license for using the tech.