just a little bit more than a hair on a cake, again if proven true.
1) Instead of fulfilling a dream to own their own business, they were gouged every way they turned. Franchisee fees, royalties, training, marketing fund fees and paying top dollar to RFG for supplies left them with little or no money to pay themselves or their workers.
2) Exploit franchisees while relying on shareholder equity to pump up a poor business model. The lack of transparency of the true business fundamentals of the operation is a breach of the disclosure requirements in the Corporations Act.
3) And once the franchisees folded their businesses, the company rebuilt & resell to the next potential victims - black widow.
4) Dodgy dealing
etc.. etc..
hole in donut king owners
it's like 7-eleven
don't speak out
the colourful background
they live like kings, we work like slaves
second class action
it's well documented me think
I can understand others who hold the shares & try to justify the company's business model & hope the SP will improve after the management fix the issues, no one, including myself, likes falling SP (except shorters), even for the dodgiest company, as innocent shareholders often get caught as well.
But the past can't just belong to history, justice needs to be served & hopefully it will.
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