Jan. 6 at 5:45 PM
$BTBD I read into the prospectus for the merger.
Aero Velocity is incredibly profitable but it saddled with a lot of debt.
I think they are going to merge and use the proceeds from the sale to pay off the debts
This means dilution which I’m not a fan with, however this CEO has kept share structure small for a lot of years and I think will continue to do so after the merger.
This means after the debts are paid, BT Brands will have nearly
$1M/year in extra profit
This is going to be great long term