Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Avg
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New words:
abandonment, absent, advisory, attention, attract, attracting, BDO, beneficial, brought, closure, conduct, consent, constricted, consummate, consummated, consummating, consummation, contemplated, court, Delaware, description, devote, devoted, discharged, disrupt, divert, diverted, enjoined, Exhibit, explanatory, Expressed, expressing, external, foregoing, fourth, Golden, hereof, high, ICV, illegal, injunction, Intermediate, IV, jurisdiction, law, likelihood, LLP, low, merge, merger, merit, mutually, narrow, November, paragraph, Parent, partner, Patton, pendency, personnel, plaintiff, predict, printing, prohibited, prohibiting, proposal, proposed, prospective, receipt, regulatory, rendered, renegotiate, repaid, restrained, restructuring, Similarly, stay, superior, surviving, suspended, suspension, text, uncured, unexercised, USA, waived, wholly
Removed:
coincide, coupled, intrinsic, negligible
Financial report summary
?Risks
- If we fail to comply with the continued listing requirements of the NASDAQ Capital Market, our common stock may be delisted and the price of our common stock and our ability to access the capital markets could be negatively impacted.
- Our pending potential Merger is not guaranteed to occur. Compliance with the terms of the Merger Agreement in the interim could adversely affect our business.
- As a result of the contemplated Merger, our common stock has been trading within a narrow price range, which could limit possible returns on any new investment in our common stock.
- We may be the target of securities class action and derivative lawsuits which could result in substantial costs and may delay or prevent the Merger from being completed.
Management Discussion
- For the three-month periods ended September 29, 2019 ("Third Quarter 2019") and September 30, 2018 ("Third Quarter 2018"), revenue was generated primarily from the operations of 64 and 65 restaurants, respectively. Quarterly operating results may fluctuate significantly as a result of a variety of factors, including the timing and number of new restaurant openings and related expenses, increases or decreases in same store sales, changes in commodity prices, general economic conditions, and seasonal fluctuations. As a result, our quarterly results of operations are not necessarily indicative of the results that may be achieved for any future period. Same store sales are generally defined as a restaurant's comparable sales in the first full month after the 18th month of operation. However, restaurants may be excluded from comparable sales as a result of other factors including, remodel-related closures or significant construction impacts. Changes in comparable restaurant sales reflect changes in sales for the comparable group of restaurants over a specified period of time. Our comparable restaurant base consisted of 63 restaurants at both September 29, 2019 and September 30, 2018, respectively.