John-
We understand your concerns and respect your opinion to do what you have to do. It is our opinion that most emerging companies, especially those recently listed on the bulletin board, need time to execute their business plan. The name of the game in the wrap and smoothie business is roll-ups. (no pun intended) Success will come from industry consolidation, not new store development. Momentum begets momentum - thus, when a company such as Wrapsters closes an acquisition, the momentum hopefully begins to pick up, then, a second deal, and then a joint venture, then franchisees hop on board -- well now you have a strong market dominant company. This process will not take a couple of months. (hypothetical examples)
M&A work is tough. It is our opinion that the majority of the problems are emotional. Difficulites occur then a bunch of people who built (or are building) their company honestly think they have the best deal in the world -- one is worth more -- the other worth less and so on. Sometimes rational heads never prevail, but when they do -- and everyone sees the bigger picture -- you have a winner.
Even look at the big blue chip deals -- such as Citigroup -- think of the egos that must be involved, the politics, etc. Many M&A deals go well, but rushing in headstrong will do more damage than good.
Wrapsters needs time a little time -- let the news come in a prudent fashion. Investors must look at the big picture. Please ask questions - do your research -- and for investors who can see the big picture and not short term trading -- hopefully you end up with more winners than losers.
We have a hard time being objective -- we really like the company, the concept, but especially the management. We are not out here to hype this stock and just dump it. We are here to help, in any way we can, build a company that becomes a huge long term success -- whether it be in six months or six years.
Anyway, thanks for your input John, we hope we can earn you as a shareholder once again in the near future. |
