The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Jeffrey Kaminsky - JJK Consultants - Analyst
: Hi, good morning, gentlemen. With respect to the lease termination in Hollywood, Tampa. You kind of walk us through it to Anthony a bit in terms
of what the payout will be to on. And in the press release, there was also a reference to Hollywood Tampa Investment LLC, which will distribute
approximately 35% of the proceeds. Can you tell us who is that 35%? I didn't realize that Ark have outside investors and individual properties.
Question: Jeffrey Kaminsky - JJK Consultants - Analyst
: Okay, I understand. And just are there any other similar relationships within the organization where Ark has taken an outside investors on individual
properties or this was-
Question: Jeffrey Kaminsky - JJK Consultants - Analyst
: Okay. Alright, fair enough. And then second question with respect to, like you had mentioned that twice in this call, the stock price. Going back to
when you negotiated the Tampa deal and with respect to these write offs, these impairment charges again tied into the stock price. You know,
labor costs are what they are, they may have stabilized, but I don't see them and you may agree or disagree. I don't see them going down considerably.
Insurance costs may stabilize. Maybe they won't. But again, I don't see them coming down.
So, some of these heads are going to exist in the future regardless, food prices will be volatile, cost of crab, again, volatile. Question I have asked
recurring here on these calls, as a shareholder, the share price, it's hard to benchmark our restaurants against other stocks, but there is a restaurant
ETF, there are restaurant and leisure indexes.
If you will, by any benchmark, our stock is dramatically underperformed years. So, you talked about trying to acquire other properties right now
that doesn't seem to be happening. There was introduced to us probably six months ago, a new concept of Asian concept that you're working on
three months ago. You gave us a progress report I asked them if it's successful, what do you expect in terms of revenues and how you can scale it
up. Just looking for some tidbits here as to, as a shareholder, what's going to drive the stock higher? What are we waiting for? I mean, are we waiting
for another acquisition, are we waiting for the Asian concept to keep up or do we think we're going to wake up one day and all of a sudden labor
costs are going to be down, and insurance is going to be down. Just give us a little color and guidance as to what we can expect for shareholders.
Question: Jeffrey Kaminsky - JJK Consultants - Analyst
: Okay. Thank you, gentlemen.
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