..my understanding is that store is now closed. (from what I read in the recent financial reports).
Before we can make some assumptions on why this happened, need to know first...
1) How long store been open? 2) Was it someone with some connection to someone in SRA? 3) Why was it unsuccessful? 4) What was the franchisee rights?
Then we can wonder...
A) Was the store a big failure, and they were bailing out a friend? B) Is there a chance this can happen to other stores? C) Was the franchisee rights too favourable to the store holder?...maybe the territory was too big... D) In every recent transaction in shares (off exchange)..they seem to use a 5c valuation. The franchisee received 3,000,000 shares. At 1c thats 30k, at 5c thats 150k...Was this a franchisee that needed to be out and why?
I am particularly concerned about the flat fee franchise model...sure initially it looks good to earn a fixed weekly amount, but if the brand and business grows, how will their revenue grow?
SRA Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
