they average $1 million sales per store and after 13 years these clowns have not yet figured out how to make a 1% profit outa that $1 mill sales. On every $10 lunch these idiots sell they lose at least $1... lol. It amazes me how the SEC doesn't raid the offices and liquidate this and throw RJ and crew in jail. With each store already having $1 mill sales/yr, there is no room for sales to grow.. each store has already reached capacity.. The real issue here (which is NEVER addressed by RJ or any other ceo) is the non-existent gross margins and wildly high fixed overhead. Way way way too many middle managers/head managers/executive managers/ Advertising VPs/Food VPs/ Executive presidents of toilet cleaning etc.. these wild salaries are never addressed.. just one big party on the inside. I wonder how many executive/manager homes and Mercedes have been paid for with shareholder funds over the past 13 years?
hey why not waste another $300k on another wild partying boozing investor conference? all FREE conference food paid for by bagholers. RJ gonna lavish it up while stock at all-time lows.. hubris knows no limits here... JAIL TIME needs to come for RJ and his merrymen
all execs of mmms and clrx belong in jail. they need to rot in cells and eat their own feces for dinner. Anyone who owns this stock I hope you suffer severly. I am wishing the worst for you.l MMMS LOST $6 mill last quarter.. CLRX LOST $1.50 MILLION.. together they lost almost $8 MILLION in a lousy 3 months.. RNVA wil soon go back below 1... MMMS is loaded with $80 MILLION PREFERRED DEBT. this is bankrupt soon