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Raising Fees, Increases in menu prices, Riising costs of produce/meats/ingredients, adding credit card usage surcharges are deterrents
If FUNN is actually serious about moving towards positive net profitability, they should simply close Provo, Chicago, and two of 3 Toronto cafes.
FUNN should obtain a low interest loan to cover 5 years' worth of:
* A CEO who has restaurant and franchising experience
* Accounting services
* 5 years of auditing
and focus on franchising in the USA; where franchisees would be responsible for all build-out and operational costs - and pay Franchising Fees to FUNN (which incorporate costs for accounting, auditing, and marketing).
This would eliminate:
* Need for approving additional common shares; which will dilute Minority SH value.
* Incurring additional debt
* Need to raise cash for buildouts.
It's Allegedly 2 Cafes Not 4 Likely 0 Cafes for CY23
Here's Why
FUNN has no cash or common shares to give to any potential suitor.
FUNN is unable to secure any low interest small business loans due to active liens, massive cumulative debt, and ongoing operational losses. Not a single positive net profitable cafe in entire history of existence. Guelph and Glendale shut down or never off ground.
Noone who is in their right mind would strike a deal with existing FUNN execs when they realize that they have demonstrated that they don;t know how to run a restaurant, and don't know how to run and operate a publishing company, distribution company, MJ company, Gro3 equipment company.
But hey, dey got shoveling and pavers down pat.....lol
Look at their tweet on the alleged 2 funded cafes that are allegedly pending closing SINCE 2021 - ROFLMAO
Expansion VIA TAKING OVER BANKRUPT CAFES IS A BAD BUSINESS MODEL BECAUSE FUNN HAS NEVER BROUGHT A COMPANY OUT OF BANKRUPTCY TO POSITIVE NET PROFITABILITY - EVER.
Guelph is an example. Now shut down.
LA/Glendale never happened.
Provo will likely be next. Alcohol is the biggest contributor for revenue and moving towards positive net profitability. IMO, StupidAF to operate a DRY RESTAURANT in A DRY TOWN.
If FUNN is truly interested in moving cafes to positive net profitability, they will likely need to CLOSE Provo, ChiTown, and two Toronto cafes.
oh, and get rid of their active liens by paying the $$ that they owe. When do the monthly payments end??2032??? ???? RFLMAO How much do they owe? What were the IRS penalty amount? No positive net profits for Tempe and Tucson any time soon.
Raise fees & open dozens more cafes. Nobody works for $8/hour anymore. Expenses are higher. People will pay. It wouldn't be a deterrent.
They don't need to raise fees. Just need to open more cefe's
If they have 500k clients and they raise their fee just $2 = $1m/year
Nobody will not go because it's $2 more. Get my point?
ok spend as you can. It might be a great experience. Muti revs
That's why I would rather have a buyout...these 2 guys at the helm are NOT public trading company material. Either way, I'm waiting for partnership/merger/buyout.... whatever is announced will create a buying frenzy/pps spike.
I just want SOMETHING other than this damn cricket fest we have been in.
I was expecting partnership BUT buyout would be better. IMO
And they should raise their $5-6 entry fee. WTF gets to sit and play for hours for $5-6? You see the movie ticket prices lately? Concerts, ball games, etc.
Entertainment prices are expensive across the "board".
They know their demographics imo
I have stated before and think we hit a dozen cafe's we're a buyout target. Just imo. everyone shoud do their own DD
He better stick with college towns or he'll be opening & closing another 1.
IMO
Well beings the source has been full of sht for years doesn’t make anything they say in one off conversations credible. If anything maybe caution on the side of more BS. Nice DD though. Until it happens and addressed to all shareholders it is just more piss in the wind.
It would be nice to have trustworthy management. Unfortunately their track record leaves most to take the things they say with a grain of salt…..so there is that. I think everyone is hopeful though their pile of worthless shares will “SOON” become worth something.
Time for a real CEO who communicates and takes their job serious. It was nice to hear the rock Roger has been hiding under has not collapsed yet.
I do my own DD and have faith in funn. Their bringing in good $ and imo it can grow. Things I post aren't made up
Where does the faith come from that makes one believe anything they say is actually true? Just curious…..is it different this time?
So 4 new locations was just more carrot dangling. Sounds about right.
Have to find the right space
Is Ben optimizing menu’s again today? Seems that the 4 new locations may be a 50 year projection.
"COMMON CONVENTION"??? A quote from the WORLD WIDE WEB? LOLOLOLOL
And, the JOKE of the claim is embedded within the quote, in regard to "predictions": VWAP IS REARVIEW LOOKING, AS IN WHAT HAS TAKEN PLACE....The market IS FORWARD LOOKING; who is making predictions using VWAP???????? I sure wouldn't/DON'T!
OH, but funn has done extremely well, trading down to sub-penny from $.235...funn WILL BE A WORLD BEATER, I'M SURE! LOL
As to predictions: I'VE BEEN WARNING ABOUT funn FOR YEARS, SINCE $.10/.11....GUESS I'VE BEEN ON IT, WITH NO USE OF VWAP IN MAKING THE DIRE PREDICTIONS
Not a good policy to trust all coming from the WORLD WIDE WEB!
Common convention states otherwise.
Well, when funn is to the point of LAMENESS where a topic of discussion is the usefulness of the VWAP; not profit(yeah, RIGHT), not audits(yeah, RIGHT), not up-listing(yeah, RIGHT)...things are really hitting the moment of the flush!!!
Honestly, in all my years in/around the market, this claim that VWAP in not helpful in pennies is about the most ridiculous ever. Pennies is where VWAP is most helpful!
They will be back as soon as the VWAP discussion dies down.
The price is so low can’t see it really matters just information your putting out
What’s going on no end of day paint jobs for two days now ??
Interesting useless information. Thanks
Ask double O 6. Seems to know EVERYTHING.
Lol. Audits are the biggest factor why we are stuck in this rut. Massive potential was brought to a screeching halt when they failed to complete them. Honk honk! How stupid can someone be?
Yep....audit and franchise are just BS as neither would have any effect on the share price, right? That's probably why Roger made such a big deal about them until he found out he was incapable of getting them done.
Meanwhile we are stuck with low volume and paint jobs. Good thing we have VWAP to tell the real story of the share price.
BS is the only thing supporting this mismanaged company.
this VWAP bs reminds me of Pete and Repete go into a bar...Pete left who stayed??? Same thing with audit bs and franchise bs...too $ FUNN EE!!!
Apparently enough to be the only thing to talk about.
Thank you Russ! #FUNN
How accurate is VWAP?
"Because it is a summarized version of only one day, VWAP shows no real effect in making predictions or calculations for the future except for assumptions. VWAP can be calculated for a period of time. However, its accuracy may not always be reliable".
"Using VWAP strategy for penny stocks and/or low-volume trading days provides little to no benefit"
Rings so true! Hit the nail on the head!! Glad I didn’t get the cart before the horse as the weak dollar volume was short lived. Need new buyers and idiotic management replaced. Still looking for a reason to buy……and it seems many others the same.
VWAP: the "PROFIT" of indicators for funn!
VWAP: the "PPS" of indicators for funn!
VWAP: the "ascending chart" of indicators for funn!
Darn, why didn't I buy funn a few years back? Look @ the chart; some how it indicates funn was a BRILLIANT investment a couple years back, cuz the chart is not a good indicator for penny-stocks!
Anybuddy who holds a pennyturd like this one to the point of being DOWN more than 85 percent, and up to the 97+ percent LOSS over a bit more than 5 years ...
... welp, I doubt college is anywhere in that picture - at any level (pennyvestor, children, grandchildren, pets).
It is more like 'Whew, that is one more day I don't have to tell my wife I have lost the rent, utilities, gas, and food money again..'
It is back to riding the senior citizen short bus for another month. The rusty jalopy will sit by the curb for another month, at least.
Painting the close to give a false market price is illegal....yet it happens. The VWAP goes a long way to show it when it does occur. It is therefore understandable that the companies benefiting from that manipulation would want to deny the validity of anything that shows the real price, specially the daily VWAP.
And they do it doggedly sometimes.
Imagine having $20K invested and somebody paints up the price 20% (Which happens here a lot). That "add" to their holdings would allow somebody to say 'Whew, that is one more day I don't have to tell my wife I have lost the kid's college fund.'
.
.
Why is VWAP included on the quote?
If, as you claim, it is useless, WHY is it reported (in your view) and right next to the daily USD volume?
Shirley, there must be a reason to include a useless measure so prominently in the quote.
So what do you believe that reason is?
If it were meaningless, then why is it so prominent in the quote? Why are we not instead given the shoe size of the broker who entered the last order executed? Or the weather for Yaroslavl, Russia?
What is the secret sauce recipe for holding a pennystock that is DOWN 97+ percent in a bit more then 5 years? The basis of such trading strategery ought to be published like a Peter Lynch book so thta all can benefit from the trading insights. I am shure Peter would gett a good laff ~OUTT of it.
Agreed...the VWAP closely reflects the real share price. The EOD paint job resulting in a false closing price does not..
TZhe comparison is apples and oranges and has zero relation to VWAP.
But hey, have FUNN...
So a painted stock price is a better indicator???
LMAO...how funny.
Even more interesting is trying to fit a square peg in a round hole trying to incorporate VWAP as it pertains to penny stocks. Like Bollinger Bands , etc they are useful tools but have little relevance to penny stocks.
But hey, if someone wants to use VWAP, have fun.
It is hilarious that there is some aversion to VWAP, as it is simply a day-long moving average. Moving averages of all durations, from 200 day to 50 day to 10 day to VWAP all serve the same purpose, to unobfuscate trading patterns that try to CONceal loading or dumping, particularly when the VWAP significantly differs from the close and is accompanied by a significant volume increase.
It is absurd to CONsider the closing price as meaningful when the last minute tiny volume paint-uppp yobbs are so readily evident. In these cases, the VWAP is the best indicator of the day's trading and exposes the EOD painting game.
Butthay. if folks wish to claim that moving averages are bullshit, then it is their right to be DOWN 97+ percent in a bit over 5 years in this pennyscam turd.
It is most useful to look at scoreboard, and the ultimate scoreboard is PPS, and particularly the PPS over a suitable time window to damp ~OUTT the short-term variations. Which is WHY moving averages (such as VWAP) are used and reported on quotes..
It is unambiguously clear that the worst indicators for this turd are the bullshit PRs put ~OUTT by The Clownshow, either on OTC Markets, Twits, or via the Grapevine Telegraph.
DOWN 97+ percent in a bit over 5 years - scoreboard.
Butthay, the counterargument consisting of "VWAP is meaningless" is a very strong, compelling explanation of that claim and the logical, reasoned basis for it.
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Snakes and Lattes, Inc. is the parent company to two subsidiaries
(Formerly known as Amfil Technologies, Inc. - waiting on FINRA for official name change)
**** Snakes and Lattes Investor Presentation Deck ****
**** Last Reported Share Structure ****
As of 07/15/2024
Authorized: 800,000,000
Outstanding: 791,159,680
Float: 509,072,305
http://www.otcmarkets.com/stock/FUNN/profile
http://www.otcmarkets.com/stock/FUNN/quote
http://www.otcmarkets.com/stock/FUNN/news
Subsidiaries
Board Game Café
Snakes & Lattes is Canada’s premiere board game café. Enjoy healthy and comfort food, drinks and spirits, coffee and tea while playing games from their vast selection. The games are organized so you can quickly find your favorite or discover something new. Don’t know what to play or want a suggestion? Snakes & Lattes has game gurus at every location willing to help! Waiting lines are typical at each location and each is highly positively reviewed on social review sites. Snakes locations also have periodic exciting events like Game Designer nights for upcoming game creators to test out their creations with real game enthusiasts..
Corporate owned/Franchising/Joint ventures
There are currently 3 locations in Toronto, Canada and the FIRST location in the U.S.A. opened in Tempe, Arizona on October 12th, 2018, with their largest and most extravagant acquisition in Chicago as their SECOND U.S.A location. The company has created a Snakes & Lattes USA Expandion and Buildout (SLUEB) team for rapid expansion via corporate location funding and joint ventures across North America, with the ultimate goal of reaching Europe and Asia. The Expansion team is currently on tour with interested parties for corporate locations in major cities across the USA. They are in active negotiation with multiple interested parties and continue to receive high interest as awareness of the brand and expansion effort grows.
Game retailer
Snakes & Lattes sells games direct at each location and online. As a master distributor, Snakes & Lattes buys below wholesale; capturing a higher margin on sales.
Event planning
Snakes & Lattes flagship Midtown location is the alpha model which all franchises and joint ventures will be based. The 10,000 sq.ft. café offers event services for parties; both private and corporate. Snakes provides a unique and enjoyable experience: Supplying a variety of foods, beverage, and games. On site Game gurus will help ensure a maximum good time. More and more corporate and private events are discovering Snakes as a great place to hold their events! This is one of the many rapidly growing segments of the business. Snakes also has a ‘Snakes-On-The-Go’ experience, a mobile version where they will bring the Snakes experience to you.
Marketing
Snakes & Lattes has game launching services for up and coming game publishers. Snakes’ experienced Gurus provide critical feedback and test play. Snakes marketing services for potential new game publishers including decor, themed cocktails, pastries, drawings, sales displays, online videos in the same way Hollywood launches movies. This provides Snakes with a unique advantage in being able to secure exclusive distribution rights with game designers once the game is launch ready.
What sets Snakes and Lattes apart?
There are many game board cafes out there, and more popping up all the time. This is a good thing! Game Board Cafes (GBC) is a fledgling industry, and has many years of growth ahead of it. There will be many one-off cafes and just as there are coffee shops, there will be some great ones! However, there is only one Snakes & Lattes Game Board Café. There is only one GBC that is also a brand, where the café location is only one part in the entire supply chain.
Snakes and Lattes has everything: Design, Publishing, Distribution, Fulfillment, Online and Retail Sales, Casual Food and Entertainment and Event Services.
More information can be found at: www.snakesandlattes.com
History of Snakes & Lattes:
• Unique idea, strategy fuel game cafe's success
X (Twitter) | YouTube | TikTok |
Interloc kings was established by Roger Mortimer in April of 2009. Interloc Kings is the premier landscape construction and snow removal service provider serving the GTA and York Region of Canada since 2009.
The team of designers and installation technicians delivers cutting edge landscape designs.
The company is rated A+ by the Better Business Bureau since becoming a member in 2011.
The company has a 9.7/10 rating on HomeStars.
Specializing in stone and wood installations between $5,000 and $150,000 per project, Interloc-Kings Inc. has quickly become a top, high quality installation company of outdoor living areas.
Mr. Mortimer brought this company into the Amfil Tec. umbrella in 2013 and as a result, he became CEO of Amfil Tech. at that time.
As the company continues to grow, the vision is to spin Interloc Kings off into a public company (shareholders will receive free shares of the new company) and grow Interloc Kings into a franchising network that will cross the United States border.
More information can be found at www.interloc-kings.com
Financials
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FUNN Timeline Presentation |
A visit to Snakes & Lattes Midtown - with Zee | Sam's Day Trip To Snakes & Lattes Midtown in Toronto |
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