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FUNN has posted audits previously, has stated multiple times they are producing audits currently. The problem is that they have FAILED TO DO SO.
It's not some dream world investors are making up. It's investors holding the company to its own statements regarding AUDITS.
I don't find the company's FAILURE TO PRODUCE AUDITS remotely FUNN, FUNNy, FUNN-ee, or otherwise humorous.
Prove revenue and any profit (doubtful) with AUDITS.
Blow out!
Craaaaazy after hours.
The answer is in the charts, the terrible financials, and years of horrible management.
Omg you finally convinced me! <sarcasm>
Stock is a huge part of C-suite compensation. In many companies even regular employees get to participate.
Consider taking a job at one such company and enjoy the cheap shares. Just realize not every company's shares ever become worth actual dollars at all, much less become millionaire-makers like Moderna's stock.
How would investors know without audits breaking or the various legs of the business?
18 business days until year end financials due.
What are the Vegas odds they file can file on time and correctly without multiple re-statements like usual?
I'm assuming nobody is expecting it to be audited.
Please explain citing verifiable facts.
Corrected: TO MY FOUR (4) IHUB FOLLOWERS.
Been waiting years for FUNN to break out revenue by locations.
I seriously doubt it. My guess is it'll be another Roger spray-n-pray side business.
Tempe annual rev has never broken $2.4M based on the statement "...their first monthly revenue total that surpassed $200k..."
Annual financials are going to be depressing between COVID and sniffing the non-cafe parts of the businesss.
Good news! OS didn't break the AS last month. Still "only" 741,195,093 as of 08/31/2021
Still $12M market cap at this PPS and 741,195,093 OS.
COO Aaron McKay's LinkedIn: https://www.linkedin.com/in/aaron-mckay-7b172528/
One of the biggest single-day volume spikes in company history.
Sept 7 APPS gets added to S&P MidCap 400 index.
Looks like we're back on the wagon.
Unproven and unsupported by verifiable facts. Unfortunately audited financials clearly show unprofitable and funded by notes and loans.
After hours party going on.
Millions in notes and shareholder/investoe money. Like the financials clearly show.
Most agree the cafe business seems reasonably successful and desirable. Though we've never seen audited financials showing the cafes as a whole, and definitely never as individual locations. So it's anyone's guess if they're actually profitable.
The corporate business on the other hand is still run like shit even after 5 years of supposedly learning from their mistakes and churning thru multiple accounting teams and management.
$100 today. Woot!
Unverifiable statements from FUNN that don't jive with financials filed or lack of audits.
Wish FUNN could prove it with audits.
VPLM has already burned thru 4-6 legals by now. Which one is "fabulous" these days?
"Emil has brought on a fabulous legal team... "
The supposed "offer" was only for Malak's shares, and to replace him as CEO with the amazing and accomplished Dr Gil.
Would have cost shareholders nothing. Instead, shareholders would've gained a real CEO.
Haha, the Dr Gil "offer" again. What a joke. If it was legit shareholders should be up in arms as they could've had a real CEO with real experience running a real company (Apple nonetheless) instead of a litigous cafe and seasonal gellato stand owner.
Fact checked first one, the poor kid died from a COVID infection. If related to the vaccine it's that he didn't complete the series in time, which might have saved his life.
"...died from complications of COVID-19...said her son had asthma and had received the first dose of the two-shot coronavirus vaccine series"
https://www.newsobserver.com/news/nation-world/national/article253703213.html
No, just possible explainations.
Typo? Bad editing? Got the data after Aug 19?
Crazy after hours.
Why earn annual franchise fees and profit cuts with virtually no effort when you can piddle with blowing shareholder money on failed bread delivery companies, failed game design companies, weed related companies that go nowhere, and on and on?
Someone doesn't understand VAERS data proves no correlation.
"When evaluating data from VAERS, it is important to note that for any reported event, no cause-and-effect relationship has been established .... coincidences make it difficult to know whether a particular adverse event resulted from a medical condition or from a vaccination. Therefore, vaccine providers are encouraged to report all adverse events following vaccination, whether or not they believe the vaccination was the cause."
What about small, corrupt, companies trying to extort and bleed other companies through never-ending litigation?
JRF has nearly $1M in notes outstanding. As seemingly the largest individual investor he has a million reasons to want/try to get the PPS up.
Because FUNN management are morons. Just in case that hasn't been made perfectly clear over the past 5 years.
Might be running individual cafes OK. Not that we can really tell from the consolidated financials.
But clearly they don't really know how to run a public company, nor a franchisable restaurant business, and they seem to refuse to hire anyone that actually does. But are more than happy to keep throwing investor cash and company effort at random unproven and unrelated businesses.
Let the questions about Tucson ownership begin.
"...local business owner Darin Osenberg..."
https://www.kgun9.com/rebound/coronavirus-money-help/business-booms-as-wildcats-return-to-school
"...native enterprise proprietor Darin Osenberg..."
https://www.inter-empresarial.com/business/20210822245818-business-booms-as-wildcats-return-to-school.shtml