Kevin, where have you been?
Go back a few posts and you'll see that there are eleven Java Centrale locations, not twenty two.
While Massimo's was closing eleven restaurants they increased the number of outstanding shares from 27,000,000 to more than 47,000,000. The float used to be about 6,000,000. Unless Mr. Verrill finally decides to tell us what the float really is, it would be safe to assume that it also went up by 20,000,000 shares, making it more like 26,000,000. Not such a small number.
The ANI deal, which was for distribution in Kroger's stores and military outlets, has long since been dead and buried. That Dallas bread company acquisition never happened, and Massimo's had a web presence, java-centrale.com , which displayed their
baked goods for ordering over the internet, long before their new buymdmi site. It went nowhere. Java Centrale coffee is now being sold at the Ichargeit site, and orders are beginning to trickle in.
The company has been servicing a profitable roster of clients and recently picked up a number of new accounts, most notably the Hoffbrau Steakhouse chain.
As a going profitable, going concern, MDMI is worth more than a dime a share, maybe somewhere between $.25 and $.40. With good promotion and a STRONG COMMITMENT by management, which doesn't seem to give a damn until they are nagged by constant calls and e-mail, Massimo's has the potential grow into the fine company they have the potential to be. Then we can talk about $1.00 shares, not before.
As to the numbers you envisioned, they are too stupid to repeat.
_____________________________________ Marc Stager |
