Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Very impressive quarter...very strong sequential growth!!!
I received an email from Steve as I had inquired that Driver Tech had a certified Windows based ELD. He had responded and informed me that the Windows ELD from Driver Tech is Windows CE and there was a big difference between Windows CE & Windows 11. I looked it up ...Windows CE is basically "Windows Embedded Compact" made for mobile devices with a small footprint. That being said, Ultrack's ELD would be the very first Windows 11 based ELD. This may very well turn out to be worth the wait. Hang tuff!
I know, due to financial restraints, the light at the end of the tunnel will be shut off until further notice! However, I see some upside potential here! No ELD as of yet, their flagship product? My point is, even without their certified flagship product, they are experiencing some wonderful fundamentals! Positive cash flow! Growing revenues! Yes, a buying opportunity! Bag holder or investor guided by consistent principles of venture capital fundamentals of a small publicly traded company reflecting a growth trajectory!?!! Adding innovative revenue streams as well. I see the glass half full.
I don't care if Drive Tech has Windows, Android, or iOS. MJLB has had an impressive year in increased revenue without their ELD being certified. They reflect a positive net income for the most recent quarter and also the most recent fiscal year. Next you are going to say, "Well, they are un-audited financials! There are carve-outs in the Sarbanes Oxley Act that reflect on small publicly traded companies (Pink Sheets). There are carve outs in the SOX Act for the privately held sector as well. The loose cannon insidious wild west accounting days are pretty much over unless somebody is nuts and doesn't value their freedom. All this being said...their sequential growth reflected on their financials is impressive for a small company like MJLB.
Earnings report is out. It reflects very strong sequential growth revenue. Positive cash flow for the quarter as well as the fiscal year. The balance sheet is very impressive and the strongest I have seen since being on board as shareholders equity has doubled since last reported (go to otcmarkets.com, view under disclosures for MJLB). The ELD is up for sale on Ultracks online store, it can actually be bought now and adjusted after certification. Because all other ELD's are android, this Windows based ELD is not cookie cutter and has had some delays getting certified. I view the current market value of this stock as a huge buying opportunity.
This management team is starting to operate at optimum capacity, they have incorporated a new inventory utilization efficiency approach by lowering their COGS (imperative if you want to succeed in the bar and restaurant business) lowering liquor cost and food costs is good mgmt. Closing the Guelph S & L was a smart move on their behalf. Larger retail chains of all different sizes and venues have done the same. Didn't show promise, so they closed it. That is good mgmt. Cut your losses, close it down and move on to the next location. Not a bad thing.
People keep selling down here...I will keep buying down here!
FUNN...the best is yet to come!!!
Thank you for the excellent update and you personal experience on the Chicago S & L . No tables and a waiting line. That is impressive!
People keep selling down here...I will keep buying down here!
FUNN....the best is yet to come!!!
The loan forgiveness line item was in question as if it was an unethical accounting practice, in fact it was stated it shouldn't have been on the P & L at all. Read back through the posts. Regardless, there is strong sequential growth revenue and appears to be on a very nice trajectory. Reducing COGS is representative of excellent management, keeps your liquor costs and food costs down which also affects your bottom line. All things being considered, this company is moving in the right direction. As I stated, this company is showing strong potential to go cash flow positive annually to reflect an actual P/E ratio so that yield capitalization will reflect its intrinsic value eventually. Everyone is entitled to their own opinion...this happens to be mine. Been here long before the pandemic as many have. I am still convinced the upside potential is huge, I have not been vocal for quite some time, that is my two cents. Have a nice weekend.
People keep selling down here...I will keep buying down here!
FUNN...the best is yet to come!
Well, Mister LMFAO....why bother, move on! I know that making it through the pandemic was an amazing feat! Could have gone under like so many others however, S & L is still here. Don't want to sell because of recognition the upside potential is huge! The outfit is starting to show promise with growing revenues. This could turn into a real nice ride, eventually.
People keep selling down here...I will keep buying down here!
FUNN... the best is yet to come!
Accounting for PPP Loans as Debt
Debt Model
Record initial cash inflow of PPP funds as a financial liability. Retain as a liability until either the loan is partly or fully forgiven, and the debtor has been legally released OR when loan is paid off. Companies should give consideration to accruing interest over this period as well. Upon legal release, you would reduce the liability and record a gain on extinguishment of debt for the portion that is forgiven. Extinguishment of debt can be presented in the other income (expense) section of your income statement.
GRANTED A SELF GENERATED P & L STATEMENT HOWEVER, HE IS PLAYING BY THE RULES ("record a gain on extinguishment of debt for the portion that is forgiven...can be recorded in the other income/expense section of your income statement).
I see this company eventually going cash flow positive and sustaining itself that way annually to reflect a P/E Multiple in the near future. Hills & Valleys for awhile yet then, consisitantly cash flow positive.
People keep selling down here...I will keep buying down here!
FUNN...the best is yet to come!
If they never twittered again, okay by me as long as they stay cash flow positive. This in itself is huge! The only thing I am slightly concerned about is external financial influences that may keep the value of this stock down. Internally the company seems to be doing all the right things. In my opinion it is slowly turning into a value stock (the intrinsic value is superior to the market value). With this company finally showing a net profit, may be some hills and valleys up ahead however, the company is moving in the right direction. Net Profit Annually...maybe yield capitalization approach will bring the analysts for the big boys eventually, institutional investors. Once there is more cafes on a national basis and a P&L that reflects an annual net profit...all of a sudden we have a P/E Ratio...which could bring buyer/merger or not, maybe the actual perfomance reflected on the financials alone will boost its value. I am impressed FUNN made it through the pandemic and has a net profit. This is huge. So, it is a matter of perspective, is the glass half full or half empty? If you are 85 years old, I get it, you need that immediate gratification. If not, it is a game of patience and in time, this should prove to yield its investors substantially. Buying opportunity!
I am bullish especially after seeing this most P&L.
By reducing operating expenses through inventory control so that COGS is down and revenue is up and our P&L Statement reflects a net profit for this quarter (1st time ever) is a concerted effort, this in itself is very bullish especially after this pandemic that has caused so many others to go under!
People keep selling down here...I will keep buying down here!!!
FUNN ...the best is yet to come!
Finally out of the red ink and into the black ink...this by itself is very impressive especially after a lot of restaurant chains went under during and after the pandemic. Very strong sequential growth revenue (and finally earnings). Their current management evidently has a handle on liquor costs and food costs as COGS (costs of goods sold) has gone down while revenue has gone up! This is very strong inventory control, kudos to management!
They have eliminated alot of dead weight (useless subsidiaries) and are focusing on the cafes which are your biggest revenue generators. It is my opinion that the future looks very promising for Snakes & Lattes!
People keep selling down here...I will keep buying down here!!!
Probably a disgruntled former employee that got the axe...
People keep selling down here...I will keep buying down here!
FUNN the best is yet to come!!!
What really is amazing is the fact that over 75,000 restaurants went out of business nationwide during the pandemic. Everything from chains to mom & pop restaurants. Snakes & Lattes is still here. Pre-pandemic there were only 3 board game cafes and post pandemic there are 8 board game cafes. There is something to be said for that! Nice to see some northbound momentum today!
People keep selling down here...I will keep buying down here!
Funn...the best is yet to come!!!
With the water shortage in California and around the globe, this company shows some real promising potential. The global wine and spirits company is probably a California based company. The guy that predicted the Wall Street collapse of mortgage securitizations and shorted the market (re:the movie "The Big Short") predicted immediately after the real estate bubble and the mortgage meltdown that his next venture would be water as he predicted that there would be a global water shortage. With this companies innovative clean water technology and there trajectory in their sequential growth revenue not to mention their current market value...a very inexpensive investment that may prove to have a colossal ROI.
I agree with you...if they decided not to go forward with the MJ dispensaries I would be fine...also, yes...shedding all of these other small subsidiaries and focusing on Snakes & Lattes Cafes only would be a huge plus...it has proven itself as the biggest revenue generator, why burden the company with all the responsibilities of these smaller entities that barely cover the expense of running themselves. MJ Dispensaries I am on the fence with...seems like it would generate a lot of $$$ however, focusing on one thing and becoming the very best at it is not a bad thing.
People keep selling down here...I will keep buying down here!
FUNN...the best is yet to come!
Very pleased to see forward progress and also to see members on this board that are cognizant enough to recognize that the financials soon to be released are only a reflection of the previous quarter(s) and that the revenue posted will be limited as most cafes were still closed due to the pandemic...the numbers to be released on this 10k are not by any means a reflection of the current revenue this company is "NOW" raking in!
Seven Snakes & Lattes!!!
People keep selling down here...I will keep buying down here!
FUNN...the best is yet to come!!!
Amfil Technologies Announces the Opening of the Snakes & Lattes’ Seventh Location in Guelph, Ontario
Press Release | 09/28/2021
Toronto, ON, Sept. 28, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Amfil Technologies (OTC: FUNN) is pleased to announce the opening of their newest Snakes & Lattes location in Guelph, Ontario on Friday, October 1, 2021 at 4pm.
With the opening of the Guelph location, Snakes & Lattes continues to grow their footprint in North America as the oldest, largest, and best game cafes. This represents the second acquisition of an established cafe, and comes on the heels of opening Snakes & Lattes Tucson earlier this year.
“Our team has been working hard to put the last finishing touches on the space, and we’ve addressed all inspection notes and are ready to show the good people of Guelph a great time! We’ll be serving great food, such as our miso wasabi goat cheese truffles, s’mores shakes, local and imported beers, Propeller coffee, and of course, we’ll have a terrific selection of board games to check out! We are incredibly grateful for the opportunity to bring our brand of fun to a new audience and welcome some great new members to our team,” said CEO Ben Castanie.
“In spite of the challenges the hospitality industry has endured, we’ve been able to not only keep our doors open, but actually expand into three new markets since the beginning of 2020. We are enthusiastic about the process of defining our brand and providing our leaders with the tools they need to succeed. As we achieve more brand recognition and implement standards and best practices, each subsequent opening will benefit from the institutional knowledge of our growing team,” added Aaron McKay, Amfil’s COO.
If you’d like to secure a table for the opening, or any time after, please reach out to guelph@snakesandlattes.com. For more information and updates on hours, opening celebrations, and more, follow the Snakes & Lattes Instagram account @snakesandlattes.
10k for LQWC is out and reflects sequential growth revenue of around 50% over the prior year. With its small float we might be on to something here.
Remember the Sarbanes Oxley Act? That was brought about to hold accountability mainly because of a company called Enron. All their senior officers looked like straight up and down business men with the conservative haircuts, suits, and ties. They ended being crooks fudging the numbers to make the company much, much greater then what they really were on paper. So I agree, who cares what somebody's hair style is as long as they are making an effort to act in the best interest of the company. Besides, look at RocketStocks..he had long hair and also an acute awareness of trading public companies.
People keep selling down here... I will keep buying down here!
FUNN...the best is yet to come!
Very tiny float and their most recent 3 10 Q's beat the total growth for all 4 quarters last year...so you know their top line will reflect very strong sequential growth revenue on the 10K due to come out this month. I see a lot of upside potential. Furthermore, when waiting to be seated and talking with an actually army general outside of a restaurant about a decade ago, I asked if oil was a major concern, his response was no, "It is water!"
I don't think you will see that, if we do, I will load up there as well. This is just the summer blues (sell in May and go away). Wait til the new revenue streams post on the following 10 Q's.
People keep selling down here...I will keep buying down here!
FUNN... the best is yet to come!
Just call me a lobster...
People keep selling down here...I will keep buying down here!
FUNN ...the best is yet to come!
Despite some of the negative rhetoric, I am amazed this micro cap pink sheet company made it through...almost unscathed and with more cafes open and operating then pre-pandemic. Top line growth is going to expand substantially. Soon we will have a 7th cafe open. The most recent PR the other day states they're adding financial, legal, & marketing acumen to the team. As far as I am concerned, this is a beautiful buying opportunity at this PPS as they are doing all the right things. More revenue streams then pre-pandemic and growing. Can't wait to see the new top line growth with all cafes open and operating at full capacity on future 10 Q's.
People keep selling down here...I will keep buying down here!
FUNN...the best is yet to come!
Bringing on a CFO should bring resolve to many issues in running a publicly traded company and that is in the works.
People keep selling down here...I keep buying down here!
FUNN ...the best is yet to come!
That is not at all unrealistic. Once the revenue streams start flowing, and they will...your statement will come to fruition.
People keep selling down here...I will keep buying down here!
FUNN...the best is yet to come!
Actually I am pretty impressed that this micro cap pink sheet company weathered the storm...still here and growing! Pre-pandemic only 4 cafes open and now 6 cafes with one on the way for a total of 7 cafes immediately following the pandemic. That in itself is pretty impressive. Not to mention the other revenue streams.
People keep selling down here...I will keep buying down here!
FUNN...the best is yet to come!
Excellent news! With all these additional revenue streams added back to the mix, Guelph opening soon, dispensaries, & other revenue streams...it is not unreasonable to anticipate a proforma of annualized income to be upwards toward the neighborhood of $20,000,000.00 for gross income. We will experience some exponential sequential top line growth. Now is the time to back the truck up & load up!
People keep selling down here...I will keep buying down here!
FUNN...the best is yet to come!
I would think that it wouldn't be much longer then 2 or 3 business days, they are not going to re-audit the actual audit that was performed by a certified 3rd party. Probably just a once over of the audited financials and additional required documentation. Once funds for the up-list fees post or clear, you are up-listed.
There is a publicly traded company on the NASDAQ, the symbol is DRIO. There specialty is blood glucose monitoring for diabetics (many companies like this). Their top line is 3.6 million a year, their bottom line is -14.97 million a year. They have not made dime one yet and they are trading at approximately $20.00 per share. Pre-pandemic FUNN went from $230,000.00 a year (top line) to $8MM per year to over $11MM per year (pretty strong sequential growth revenue). That was with revenue from only 3 restaurants. What do you think will happen when FUNN has all 6 cafes operating (7 with Guelph). Top line will exceed $20,000,000.00! An up-list to the OTCQB will be a nice boost (don't forget Heineken trades on the OTC at around $60.00 per share). This company survived the pandemic...the upside potential is huge! Now is the time to load up!
People keep selling down here...I will keep buying down here!
FUNN ...the best is yet to come!!!
Everything is starting to open back up...3 confirmed revenue streams in the US at full capacity and 3 more soon to be re-open at full capacity (4 with Guelph) plus the dispensary. This will give our top line exponential growth and we'll experience a significant boost in PPS from sequential growth much greater then what was reflected on our P & L's pre-pandemic.
Now is the time to back the truck up and load up!
People Keep Selling Down Here...I Will Keep Buying Down Here!
FUNN...the best is yet to come!
...everything is starting to
That is very promising news as you know the municipalities will soon follow suit (public venues, etc.)
...now that is excellent news for FUNN Dispensaries, Inc. Rogen's timing is impeccable. Just has to pass the senate. There won't be much push back there. This will come along more expeditiously...not as much red tape as with the bar and restaurant industry. The soft costs and build out is not nearly as much and less time consuming. I firmly believe that this is a brand new year and we are on the verge of something wonderful!!!
People keep selling down here...I will keep buying down here!
FUNN ...the best is yet to come!!!
The fact that we are still here is very impressive all on its own. Anybody not seeing dilution coming is in the wrong game! This coming week (or immediate future) we will have two cafes open and operating at 100% capacity in Arizona. In Canada we still have the government subsidizing the loss of income from our three cafes in Toronto (Chicago at 50%). Focus and strategy moving to the larger income stream ventures ...MJ Dispensary business could very easily prove to be very lucrative...between this and the cafes, the sequential growth revenue could explode exponentially overnight dwarfing our pre-pandemic numbers.
People keep selling down here...I will keep buying down here!
FUNN ...the best is yet to come!
I saw that "Eliminate a large amount of accruing interest with convertible note holders" Yes, converting debt into shares a good option to have while making it through the remainder of the COVID. Great that we made it through however, a little more disclosure with less ambiguous terms (ie; we are improving our cash flow by exercising the convertible debt option) these are the note holders which this applies (provide list). We will need to dilute shares and possibly raise the ceiling on authorized shares to utilized this option. Delineation with a little more depiction in disclosure, that is all.
People keep selling down here...I will keep buying down here!
FUNN...the best is yet to come!
...at least an explanation for all the dilution, disclosure...where is the
money going? Give us the big picture. I mean after all, we are the shareholders!
...for initiatives that have not been proven for meaningful profit potential...
The whole statement can be looked at as being a little ambiguous however, we made it through the pandemic...things are starting to open up. I don't think this man is getting a salary of any kind. All performance based as in shares. He is not going to put the company in peril and jeopardize his efforts he has put forward, definitely acting in the best interest of the company as it would behoove him to.
Does anyone know off the top of their head what the compensation package is comprised of for Rogen? I believe it is all performance driven as in shares and does not consist of a base salary. Please advise...