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SPoT Coffee (Canada) Ltd V.SPP

Alternate Symbol(s):  SCFFF

Spot Coffee (Canada) Ltd. (SPoT) is a Canada-based company, which designs, builds and operates community-oriented cafes. SPoT operates Company-owned cafes in Canada and the United States. The Company has a total of approximately 25 cafes operating, in development or under construction in the states of New York and Connecticut, including seven corporate-owned cafes located in Buffalo, Rochester, Saratoga Springs, Elmwood, Glens Falls, Orchard Park and North Tonawanda, 11 Operating Franchise cafes Kenmore, Hertel, West Hartford, Hamburg, Roswell Park, Clarence, Williamsville, Waterfront Village, Amherst, West Seneca, Niagara Falls and five SPoT Tops cafe locations, two Express cafes operating under license to Chartwells at the Buffalo State College. SPoT's commercial business focuses on the sale of roasted coffee beans to food service and grocery chains, business offices, and resellers such as universities and hospitals.


TSXV:SPP - Post by User

Bullboard Posts
Post by goldfanaticon Feb 03, 2020 10:29am
303 Views
Post# 30633936

Leadership at Spot Coffee? Yeah, right.

Leadership at Spot Coffee? Yeah, right.The company is borrowing money like crazy to try to stay afloat. They've hired a marketing firm for $250K to help sell franchises and to boost the stock. 

You know what? It's a waste of time and money--the management of this firm is only lining their own pockets at the expense of the shareholders. Don't believe me? Read the financials and notice how the Shareholder's Deficit does nothing but get larger and larger.

And yet the Chairman of the Board, John Lorenzo, can absurdly state such absurdities as this:

"Year after year, we continue to intensify our focus and exert our best efforts on building upon the strong foundations we have built so far, a Company with higher revenues, sustainable profit and inimitable growth for the benefit of our shareholders and stakeholders" stated Mr. John Lorenzo, Executive Chairman of the Company."

 

Bullboard Posts