Dear Asset holders,
After much discussion we have decided that in the new year we will start to put up buy walls to purchase back the BGCAFFE assets at a decided price. Which we will announce closer to the time.
Buy back will commence on the 9th of Junuary should the price be below the buy wall.
The new store will undergo renovations and improvements in February and is on its way to recovering the investments from last year. With the smaller store now closed we are focusing all our efforts on getting the formula 100% right. The original store was too small to make any considerable profit and when the building started to loose tenants it fell into a negative. So this was a lesson learn t.
With the new store we have a variety of income not only from the tenants in the office part. With business coming in from the bakery and new gift baskets and the fact that we have become more of a destination shop this has secured us. However with more and more tenants coming in at the new office park this is just a bonus. We project that dividend payments can start again around June 2017 and this is great news.
We appreciate everyone who has stuck with us and look forward to building back on our vision of opening many more shops during the coming years. We have learn t much over the last years and have been one of the more stable assets. More announcements will be made in the new year.
Continue having a wonderful festive season and an awesome new year!
Can you at least provide us with some roadmap? There were many other assets in cryptoworld, which did some "transformation" and no one hear about them anymore.