RioCan Real Estate Investment Trust T.REI.UN

RE:RE:RE:Ford in on at 1 pm. REady for the real crash? low 16 today

[gashole]

Please understand I am in the position that I was put in to close not by my choice at all there is absolutely nothing I can do about it to help other businesses that are hurting so no of course not, I do not assume that other businesses are in the same position as I am why on Earth would I do that? If I was that stupid I would not be in the position that I'm in right now in the first place.. I run a very tight ship with my business I know what things I need to have as fixed overhead and what are variable and I made sure that I know exactly what my exact cost on every sale is, that is the reason I am going to be okay... my neighbour helps people with bankruptcies and he told me that people that come and see him on a regular daily basis have no idea how much they need to mark their product up and sell it for or even how much their overhead is let alone even know what variable and fixed overhead is.. Everybody that starts a small business should be required by the government to go through some sort of a business program even if it's just a crash course for 2 months... I do competitor studies on a regular basis I would say most dont... people that are selling products and go under after another month or so of shutdown where not that successful to begin with anyway and somebody will come in and grab their space so I'm not worried about leases down the road... the strong will survive this and come out of it even stronger. Rei, hr, sru will survive and thrive....

Covidruinedme wrote: are you assuming every store owner is in your position? have enough to wait it out? not only u are paying 10% for rent and 25% for wage out of pocket, you are also paying for life expense , mortage , food, bills etc out of pocket for a year. most small businees owners cant afford for for a year. 
also this kind of lockdown is BS and wont make any difference in spread. you are just concentrating more people in the big box stores. closing down 100 flower shop each taking 5 customer a day? now that 500 people will go to walmart to buy flower. where the fk is the logic in that? it also forces people to hang out at each others home in a small closed space since everyone is out of job until locdown and have nothing do to.