Freshii Inc - Class A (Sub Voting) T.FRII

RE:Juniors at table

[akreskin]

Naivety? or a beautifully window dressed IPO.  Founder still has 100% of his IPO money.  Founder is both Chair and CEO and retained control by virtue of the two class share structure.  Better board composition would be good but only if he is listening.   2019 cash earnings were forecast to be something like $22M until that was yanked late last year with no insight into expectations now ($6M?).  No guidance now makes sense because you don’t want to make it too easy to calculate the original promise gap with an IPO predicated on an earnings growth % never achieved in this industry. (ie rapid lower quality openings, weak omni channel offering, international stores opened early on).