Quote:
Entering the US market has considerable regulatory and legal requirements, all of which have been a series of challenges and learning curves, with relative costs associated. We are of the view that most of these hurdles have now been overcome allowing management to focus on the location of our first US store. In June we announced our partnership with OhCal Foods LLC who are Subway®’s largest Development Agents with 2,100 restaurants in their portfolio. OhCal Foods LLC brings considerable operating experience, local talent and market intelligence to our venture. This has seen the commencement of a new phase of our market entry and a focus on particular market segments, as well as desired locations. Acquiring retail sites requires a diligent and considered approach in order to ensure a successful launch and a sustainable business. The US retail market has entered a phase of high demand in select areas and we have had to come to grips with the realities of securing good locations in markets where high key money considerations are now a reality.
C'mon Burgerfuel give us some sort of update, even just to acknowledge that the the proposed expansion is still a priority (or not). It's frustrating to see the SP drop month after month on the back of zero news.