the company is doomed depending on the truth of the arrest and if he goes to prison, look for $1 stub as best case no one will fund this company
you really have to wonder why they put out that update today knowing Chairman had been arrested, they should have halted it and never let it trade.
all gone, they might open it at .01 for a day or two to let people close positions or they may just never let it trade again, goner
what a trainwreck I was actually looking to short and couldn't borrow shares at $7 too bad
buy now before it runs to a penny up several thousand more percent people, COYN dead money.
what are you talking about clown?
yeah that's right you don't know how to analyze your own beloved stock come back to me when you've done that, until then stop promoting it.
you're an idiot, did you say the same things about COYN with all their pref shares and convert debt overhanging your common with a 10 cent pricing and toxic ratchet until the company turns profitable? which it won't?
no I am out, shorting bubble China stocks like WBAI to zero. When PME blows up I will buy at the all time low again. It is not marginable here! It's now a penny stock!
then you can run it to $10 for us. Management and IR firm stink here.
shook a little - the only thing to fall out was some fresh sliced lettuce and tomato.
4. Menu Diversity - There is no fresh Mexican without a fish taco --- Del offers both fish AND shrimp tacos, whereas Taco Bell currently doesn't. This seems like a pretty big menu swing factor to me. I was expecting a McDonald's filet-o-fish shoved between a taco, but the fish tacos were actually really good (and light) -- and a nice touch was the fresh lime slice that came with each. They also serve burgers and fries, which Taco Bell doesn't. This makes sense as a place that can satiate everyone.
5. "It's all about the beans, 'bout the beans" - the slow-cooked bean thing was lost on me, but apparently this is a very big deal in Mexican food. Enter the self-proclaimed Taco Bell lover sitting across from me who also happens to be a retired LNG tanker captain who'd routinely spend four month stints at sea living on pork and beans. The guy still eats bean sandwiches. Taco Bell has bean PASTE, which he explained is really disgusting. He tried the bean and cheese burrito. Couple bites, satisfied grunting and then the "These are really, really good beans. I can tell they’re slow-cooked here. Taco Bell has got nothing on this. This is going to be what steals me away from Taco Bell." Price of this Bean Dream? 59 cents.
Some other takeaways --- I know that their shtick is “fresh AND cheaper than competitors” but it seems as if there is room for quite a bit of margin expansion as the product is far superior to that of a Taco Bell. We tried what felt like everything on the menu, and the bill only totaled $28 for four people. I would also say I didn’t see any advertising anywhere for Del Taco, and the Taco Bell lover in tow had never heard of it prior to our visit – seems like a little marketing will go a long way. He also mentioned that he thinks Taco Bell’s decision to offer dorito taco shells, etc. into their menu lineup has actually ended up turning a lot of core customers off – Del Taco is easily going to steal all of that business by offering the basic, fresh Mexican at the same or lower price points.
On the way out, Taco Bell Lover began naming all of the ways he could incorporate Del Taco into his daily errands run…… Sounds like Taco Bell lost a customer this past weekend.
**We continue to be very active in trading both common and warrants (LEVY & LEVYW), now at 15.10 and 5.45 – let me know if you have questions or would like to speak with Marc Van Tricht**
Sent: Tuesday, April 07, 2015 10:55 AM
Subject: LEVY/Del Taco follow up - site visit/MIL research without the nagging !
I figured with my incessant pitching of this new taco spac LEVY (Marc’s report attached), I should really work some dining due diligence into a weekend trip out west.
Enter Del Taco of Mesa, Arizona.
(Pictures of the site visit attached.)
In tow, we had a self-proclaimed Taco Bell lover who had never had Del Taco. Besides the food/menu highlights (below), quite possibly the BEST insight came from the manager who took our order. I mentioned that I had never been to a Del Taco and asked for a picture behind the counter (I wanted to see how clean it was). Without ANY further prodding, the manager very excitedly told us that we would have Del Tacos out East very soon, as they were being acquired by a company in Chicago which had a lot of experience and planned to take the franchise from 500 locations to 2000 in the next couple of years. He said he and his employees were very, very excited and that while they all knew the food was really good, this acquisition feels like a stamp of approval from the company in Chicago. Can’t beat unsolicited, authentic enthusiasm like that. Bonus, the cooktops and counters were all very clean.
1. At 12pm on a Saturday, both the drive-thru and inside were packed. Clientele ranged from cowboy hats, to older folks, to families, to hip-looking kids with those big stretched out holes in their ears.
2. Fresh Factor - Salsa consisted of fresh-chopped cilantro, tomatoes and onions - it wasn't watery and mushy like it had been sitting in a fridge for a couple of days or on the back of a truck for three weeks. Chicken advertised as marinated and grilled on site was actually really good. Fresh sliced cabbage slaw came on select tacos.
3. The Grease – THERE WAS NONE. No awkward take a bite of your taco and have orange grease dripping down your chin. I even tipped the tacos on their side and