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.
Barely any selling yesterday. Nothing like the doom and gloom predictions. Not even 1% of the float traded. We didn’t even break out of the trading range we have been in for weeks. lol... and we know where a large chunk of the selling came from. Read: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152360386
Amazing level of BS
It is very possible that the new guy will be the CEO of the FUNN ticker and Roger will follow the spinoffs.... If they find a stud CEO it benefits Roger to step aside, because he is a large shareholder....
Then he can merge the spinoff tickers into new companies and continue to do what he enjoys, which is find/acquire small companies with potential.
Ben won’t be searching for new opportunities, he loves snakes. It is his heart. This is why he is willing to step aside and make sure it succeeds... let’s also not forget that even if Ben steps aside he is still a director of FUNN.
Let’s not make baseless insinuations.
Pretty sure it’s Ben’s decision to want to work on the bigger projects, rather than deal with overhead BS. he’s passionate about board games, not office/overhead duties.
It’s important to understand one’s limitations and when to step aside and let a more skilled person take the reins. They need someone that has setup hundreds of locations, it benefits everyone involved to get skill in this position, including Ben.
As an investor I’m glad they understand this. It actually might be the most bullish aspect about yesterday’s PR... It shows they are serious about growth/expansion
... and Ben will still sit on the board of directors
It’s important to comprehend that all the previous low margin distribution deals were limited to just Canada, a country 1/10 the size of the US. Now they’re looking to expand into the US market not only with their five self published high margin products, but also for these distribution deals, hence the acquisition/merger that’s being negotiated.... and the five high margin self publish titles will be sold worldwide, which is already taking place per the many new retailers popping up in countries outside of North America
Canada was just the proving grounds, the next stage of their growth will be much more exciting
(repost) Don’t confuse the audit delays (corporate level issues) with Snakes top notch sales, distribution and fulfillment abilities. Read: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152146313
Snakes distribution and fulfillment info : https://www.snakesandlattes.com/distribution/
The OS is not much different than it’s been for the past few years. About a 30 million share difference? The preferred shares have been around for years, nothing new
Interesting that now all of a sudden it’s a big deal. lol... Glad I didn’t sell .06, before the biggest and most exciting events in company history: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152282019
This company is in much better shape than many penny stocks that trade for more and have less growth/potential... I don’t think anybody should be expecting perfection from a penny stock.
Big things are coming. What a terrible time to sell this, before the stop sign is even removed
PS: It’s good to know where yesterdays minimal sell volume came from. Smart money is holding... If the masses viewed the filing as a negative, there would’ve been 100 million shares dumped yesterday and new 52-week lows. We didn’t even break the trading range that we’ve been in for weeks
With all the doom and gloom over these filings shouldnt there have been 100 million shares dumped today, with the price actually breaking out of the range it’s been trading in for weeks? lol
What happens when all the possible negatives are out of the way and a string of massive press releases start hitting back to back to back?... What is a savvy investor to assume? If none of this is breaking the chart, what will?
When perceived negatives stop having an impact, that’s usually the sure sign of a bottom. IMO the news is only gonna get better near term. Last one to figure it out pays the most... tick tock...
(reposts) App opinions/DD: A master plan to DOMINATE the sector... Read all of this and tell me im wrong...
Id like to see a Snakes App... A way to connect single gamers would be cool, with a rating system based on if people show up when they say (reliability).
If someone flakes too much, without letting the other players know in advance, they lose their ability to use the connection service. Serious gamers would love it
It could also be a dating service.... Not only can they hook singles up, they give them something to do on their first date that is fun/less awkward.
______________
The App can offer promotions to get people back in the locations, retail game sales, game tutorial videos (if Gurus are busy, see the App!), free game giveaways (new and used copies), contests... There is so much this specific business can do with an App.
Encourage each customer that comes to Snakes to downoad it then and there. Let them know they can use it to get an instant cover charge discount, etc
With thousands of people coming to Snakes each DAY, the amount of people you can send alerts increases FAST.
Then they can start charging publishers for marketing, promos, etc... Game creators will want to give Snakes distribution exclusivity just to get the marketing perks.
____________
I bet you if they handed out games daily, they will have more people using the app than the amount of people that actually go to Snakes.
I bet they would have thousands of people in each and every state that download the app, which builds the brand before a Snakes location even opens in their town... focusing their marketing efforts on free game giveaways will make them the talk of the entire table gaming sector. Gamers will know about snakes even if they never been to a location. They will see their friends mention it on social media, often.
If I were them i would start developing an app ASAP, before someone else does. At least get the basic structure created. It’s a no brainer.
_______________
Snakes has thousands of SKUs on their retail website, which can generate a lot of $$$ via an app with promotional alerts. This aspect alone makes an app viable right now. The sales can pay for it.
If they were not a distributor/retailer, i would agree, but there is massive growth potential with board games being so hot.
Snakes can beat Amazon prices on many titles that they are the EXCLUSIVE distributor for. This is a significant aspect and should be leveraged into a loyal retail customer base of active gamers.... Snakes still makes money when Amazon sells these titles, but they wont have to pay Amazon per unit.
Also, they can get all the Kickstarter backers to download it, so they can track their order status, etc. I bet the App would be on hundreds of thousands of phones after one year... It wont even cost them much to market it. They can use their gurus, bartenders, servers, website, kickstarter backers, social media and even mention it on future prints of self published titles. None of these cost much money.
I bet millions can be made from an effective use an App. Who does not have a smart phone in their pocket nowadays? Offer all kinds of promotions and free game giveaways throughout the week, BUT ONLY IF THEY LEAVE THEIR PHONE ALERTS ON. You have to act fast to get it!... This could drive serious growth.
Just start the App simple. Use it as an interface for the already created ecommerce database, then start adding new tabs/features each month. They already have this stuff: https://www.snakesandlattes.com/
______________
Many companies this size spend $XXX,XXX per year to market
Instead of paying mass amounts of money for marketing that is only slightly effective, they can give away $100,000 per year in games that they get at master distributor prices, which is lower than the mass retailers can buy games for... The consumer sees it as getting a $30 game, but snakes is paying less than half that on some titles. They could give out over 5000 games in a year and it won’t even cost them much. That’s almost 15 games per day!... Everyone would have this freakin app on their phone, with alerts turned on! lol
Tell people if they mention the app on social media, they get entered into an even bigger and better drawing. This would influence thousands of people to start spamming the app to millions of others.
Can you see how massive this could get for a company in this strategic position?
__________________
There are several penny stocks that have developed multiple apps, but the premise for their Apps suck, unlike Snakes.
All FUNN has to do is contact a few of these small companies and tell them to put a proposal together. They can even offer them commission on App retail sales to really push their enthusiasm and keep initial costs low. Do it as a "joint venture" so they can pump their stock a bit AND bring their investors eyes our way as well. Everybody wins!
I bet a micro cap developer would jump at the chance to be associated with Snakes... None of the tickers come to mind at the moment, but i have seen some in the past that created some very detailed and attractive apps.
PS: They might just take a million shares to do it. Worth it?
___________________
The easiest Apps to monetize are the ones that already have a large customer base. All you are doing is giving people a new way to interact with your business.
Everyday your following will grow, just by placing a little advertisement on each table telling people to download the app to receive an instant use coupon
______________
Apps have become like websites. Many people have learned how to build them as a hobby. This is driving down development costs.... having an App is no different than a website, it’s just a different interface accessing the same information
On top of there being so many app developers hurting for work, willing to take less to get involved in a big long term project, you also have thousands of great App examples out there now to copy. The basic format for a solid e-commerce/informational app has already been created many times. All they need to do is copy the basic structure. This makes it easy, along with having all the e-commerce stuff already available.
The hardest part to building an app isn’t actually the app, it’s the content... and snakes has tons of content that’s not being utilized to its full potential... I was just on the Guitar Center App and picturing how their formats can be used for Snakes & Lattes. I but there are many companies that have app templates, you just need to add the content. It can likely be created in under 3 months
Also, there are many small dating apps. Hundreds of them... In the future they could possibly do a joint venture with the small dating app company to get the whole matchmaking aspect rolling. For both gamer matchmaking + dating... I would work on this aspect last though. Just getting the e-commerce going, all the instruction videos on the app and promotions would be a great start. That’s really all you need for a great app, everything else is bonus... The promotional aspect is key, because you can use it to keep people coming back to the app. This will help ensure that the project costs are being covered with growth.
Maybe they can do a joint marketing deal with another website for some gaming news, etc. They know many of them.
_______________
Yep, the Dominos Pizza app was the biggest thing they did in decades.
If a company has a use for an app, they are crazy not to have one. It’s like not having a website.
Apps are easier to grab customers attention than websites, specially if you can create a promotional structure that influences them to leave their real time Alerts on. You can remind them about Snakes & Lattes throughout the week.
For example, right before people get off work you can remind them that happy hour will be starting and what type of promotional food items you will be serving. You can also mention that happy hour attendees will be Instantly entered into a drawing just by being there.
I also like the marketing aspect. Many of the small game developers create promo videos to pitch their new games. Snakes can charge the developer for the marketing, then place the video on their app and tell their customers that if they watch the video they will be entered into a drawing for a free copy... Then hand out MANY copies, so people tell all their friends that they won the game through the Snakes app. This will get even more people downloading the app.
I bet you anything if snakes gave away $100,000 worth of games (at wholesale prices) over the course of a year, their App would go viral and it will be a massive success for this company. Gamers will go freaking nutso over Games being given out daily. They will BRAG about winning on the message boards and social media
Like i said, they can give out about 15 games per day and it will cost about $100,000 per year... This is a powerful form of marketing for a company of this type. Better than any magazine, etc... this is how modern/hip companies keep their customers engaged
____________
I believe they can easily increase each locations revs in the future...
As they gain more locations, they are going to become the MOST powerful marketing force in the rapidly growing board game sector imo.
There are other game cafes but they are all mom and pop, they dont have the same marketing appeal... With Snakes a marketing plan can be created at the corporate level and each location can be directed to put up posters, add themed items to the food/drink menu, marketing displays near the entrance, Gurus told to push a specific title, etc.
Snakes locations can recommend, teach and market a title to thousands of customers EACH DAY in the future... and its the BEST kind of marketing. People that enjoy themselves playing a new game, which they were EASILY just taught, are more likely to buy it on the way out the door... esp if Snakes allows all or part of a customers cover charge to be applied to the retail cost.
With Tempe they might already be averaging 1000+ customers each day... and marketing to 1000 customers PER DAY in Snakes is likely more effective than selling a magazine to 1,000,000 subscribers, even if the advertisement is on the cover. A magazine cant sell a unit then and there.
Multiple people have complained over the past year, maybe they can chime in. I use Etrade which does not restrict me.
It might also have to do with the type of account they are buying it in.
(repost) Don’t confuse the audit delays (corporate level issues) with Snakes top notch sales, distribution and fulfillment abilities. Read: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152146313
Snakes distribution and fulfillment info : https://www.snakesandlattes.com/distribution/
Just days ago the claim was that 2018 would "never" be signed off... "Roger the Audit Dodger" was stringing us along...
... now Walmart wont get their products for MONTHS when its already hitting retailers shelves in Europe? lol...
New retailer (in stock). Only 2 left now, was 8 a few days ago: https://translate.google.com/translate?hl=en&sl=nl&u=https://www.spellenhuis.nl/kill-the-unicorns-kaartspel&prev=search
Another new retailers (in stock). Quantity: 18: https://www.funtainment-shop.de/epages/61355474.sf/de_DE/?ObjectPath=/Shops/61355474/Products/4260290820061
Of course that claim is 100% false, per the DD/facts... Europe already got their shipments, North America will be any day.
There is ZERO SUBSTANCE that supports your claim. Conjured out of thin air... prove me wrong: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152321757
These games sell ALL year, and during multiple holiday seasons... It was better to get the products RIGHT and they did, per the many reviews popping up online.
Rushing crap out the door, after all the time/$$$ invested, would have been a very very bad idea.
This game is quality, per the people that play games often.
Wait until the Walmart PR hits, with the products actually hitting the shelves.
We will have additional updates coming shortly on the various on-going initiatives and expansion progress as it is made.
When the stop sign drops, the PRs roll
https://www.otcmarkets.com/stock/FUNN/news/Amfil-Technologies-Inc-is-Pleased-to-Announce-the-Filing-of-the-FYE-2018-Audited-and-FYE-2019-Unaudited-Financial-Statem?id=246573
Another 2000 share Bid paint? lol
With todays news being Step 1 in a serious of major events, we could see a new HOD into the close.... the news is only going to get better....
(repost)As I’ve been saying for weeks, Roger is going to do everything he can to get that stop sign down before the string of press releases that are coming
This news wave is going to be so powerful it’s important to make sure that no brokers are restricting access to the stock and/or there’s nothing deterring interest. My other comments on this subject: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152037061
This is why so few are selling, even while the company keeps announcing audit delays. Smart money is looking over this obstacle and focused on the #1 most important aspect of any stock= rapid/high margin GROWTH
If anyone doubts that growth is coming, read the many Kill the Unicorns reviews that are popping up daily in Europe, where the game is currently hitting the shelves. This is the most important DD an early bird can do at this point... cause even if this was the worst company in pennyland, they all run from time to time, especially if they start announcing high margin deals with the largest retailers.
Many might have forgotten about Walmart(other than the handful of us that follow close), but they won’t when the next PR cycle starts + product is actually hitting the shelves. This will be a powerful interest driving event, because it won’t be some delivery date sometime in the future, it will literally be starting right at that point. People will be able to walk in and verify the DD with their own eyes and wallet... and seeing is believing, esp in pennyland.
We are literally days away. I bet PR‘s are already building up, because I see retailers popping up all over the world via Google and not one of them has been announced. Lets review: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151755135
Bid painting now? Desperate accumulators
lol... but we are still within the trading range we have been in for weeks. How much of the OS is being dumped here? ... The people that want out are selling, but they are but a few. Poor timing to sell imo, but oh well...
Most are savvy enough to know what comes next...
(repost) As I’ve been saying for weeks, Roger is going to do everything he can to get that stop sign down before the string of press releases that are coming
This news wave is going to be so powerful it’s important to make sure that no brokers are restricting access to the stock and/or there’s nothing deterring interest. My other comments on this subject: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152037061
This is why so few are selling, even while the company keeps announcing audit delays. Smart money is looking over this obstacle and focused on the #1 most important aspect of any stock= rapid/high margin GROWTH
If anyone doubts that growth is coming, read the many Kill the Unicorns reviews that are popping up daily in Europe, where the game is currently hitting the shelves. This is the most important DD an early bird can do at this point... cause even if this was the worst company in pennyland, they all run from time to time, especially if they start announcing high margin deals with the largest retailers.
Many might have forgotten about Walmart(other than the handful of us that follow close), but they won’t when the next PR cycle starts + product is actually hitting the shelves. This will be a powerful interest driving event, because it won’t be some delivery date sometime in the future, it will literally be starting right at that point. People will be able to walk in and verify the DD with their own eyes and wallet... and seeing is believing, esp in pennyland.
We are literally days away. I bet PR‘s are already building up, because I see retailers popping up all over the world via Google and not one of them has been announced. Lets review: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151755135
Its good that all the design investments have been completed on these five individual products. They only have to sell them now and collect millions, from EACH one.
These numbers might not have inspired a big spike, but they are not convincing many to sell either... cause most longs understand what comes next
Get the negatives out before the positives... very very big positives
I need to do more DD, but It looks like they could only claim a small portion of the large distro deals (a commission?), rather than the total revs....
... but regardless, the real growth comes next. FUNN is the designer/publisher, distributor, retailer and marketer of these FIVE high margin SKUs. Read: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151755135
Todays news is just a stepping stone, an important one... but bigger steps will be coming, soon
The numbers were not as good as most expected, but not out of line for the stage they are in and what they are trying to achieve. This is a penny stock...
Im sure most comprehend that it takes money to make more of it... and with their biggest and highest margin initiatives about to kickoff, we should see a nice rise heading into the holidays.
Now the stop sign comes off next and more people will be able to buy... which sets us up for the bigger news that is coming.
How many penny stock have more debt than this, zero revs, less potential and trade for more? = MANY
As I’ve been saying for weeks, Roger is going to do everything he can to get that stop sign down before the string of press releases that are coming
This news wave is going to be so powerful it’s important to make sure that no brokers are restricting access to the stock and/or there’s nothing deterring interest. My other comments on this subject: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152037061
This is why so few are selling, even while the company keeps announcing audit delays. Smart money is looking over this obstacle and focused on the #1 most important aspect of any stock= rapid/high margin GROWTH
If anyone doubts that growth is coming, read the many Kill the Unicorns reviews that are popping up daily in Europe, where the game is currently hitting the shelves. This is the most important DD an early bird can do at this point... cause even if this was the worst company in pennyland, they all run from time to time, especially if they start announcing high margin deals with the largest retailers.
Many might have forgotten about Walmart(other than the handful of us that follow close), but they won’t when the next PR cycle starts + product is actually hitting the shelves. This will be a powerful interest driving event, because it won’t be some delivery date sometime in the future, it will literally be starting right at that point. People will be able to walk in and verify the DD with their own eyes and wallet... and seeing is believing, esp in pennyland.
We are literally days away. I bet PR‘s are already building up, because I see retailers popping up all over the world via Google and not one of them has been announced. Lets review: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151755135
(repost) Roger hired the appropriate people and all the foundation will be in place for future audits... it’s BS to insinuate that a company will always have these issues with their audits, when other companies do not.
Its Important to look at the situation sincerely/logically and comprehend that they had hundreds of thousands of transactions that were collected in Canada, then reported in US dollars. They never followed the conversion rates on the days those transactions took place because they were private and did not need to, so months of work had to go into correcting all that info... but this is easy to prevent for future filings once you get up to speed, just like thousands of other companies= Common sense
Also, this company took a big chance buying a bankrupt foreign company. A company that has transactions in a THIRD currency (Euro), but reports in US dollars.... buy it was wise to make this acquisition, because the potential is hundreds of millions in high margin revenue. The delays it caused will be worth it in the end
It’s easy/cheap to nitpick and claim they will never be able to do this right, but professionals were hired to make sure this does not happen again. Roger doesn’t do the accounting.
Its also important to keep in mind that most companies are already uplisted by the time they’re making tens of millions. It takes a shell with zero revenue a year+ to go through an uplisting audit, so I think the savvy investor cuts them some slack for how massive this company has grown, so fast.
Assuming that this company will always have these issues, while ignoring the reasons for these issues, is not savvy. They are working their ass off to get the stuff in order and prevent this from ever happening again, why wouldn’t they?! Do you think they ENJOY having these delays?!
Just days ago this audit was “never” going be signed off off, remember? the story is sure changing
We will see who "LMAO" last... PROPER/SINCERE DD will prevail
Snakes & Lattes segments: There are so many aspects to the Snakes sub, it blows my mind to think of all the different ways they could rapidly add to the bottom line... along with synergies between these segments...
Cafe/bar/restaurant: They can satisfy the morning to night crowds. Something for everyone... and they're able to charge a, $8 cover and still pack every table in these large locations.
Game retailer: Snakes sells games in each location + online. This revenue source has a higher margin than any other game retailer, because Snakes buys their inventory below wholesale (master distributor)
Event planning: For parties, corporate events, etc supplying food, games and Gaming Gurus... Location #3 (Midtown has a catering size kitchen which will allow them to expand this rapidly growing segment of the biz.
Marketing: Snakes can charge publishers to launch their game in style. Snakes can provide Gurus that push and teach these games. Along with marketing decor, themed cocktails/pastries/etc, drawings, sales displays, online videos, etc.
Publishing: Several games are about to launch under this new division and since they cut out the middleman, it will likely be the highest margin aspect of the biz + the fastest growing.
Fulfillment: Snakes is a fulfillment partner for smaller game designers. They ship individual Kickstarter orders out to Canadian Backers... FYI, gaming is the #1 most funded section on the Kickstarter site, ahead of Tech at #2. As Snakes locations expand into the USA, i expect their Fulfillment contracts to expand there as well
Master Distribution: Snakes is a master distributor for exclusive and non exclusive game titles. They sell to Walmart, Chapters, Amazon + anywhere that carries the hottest games.
Franchising: Big potential for this segment. Many people want their own location. Snakes would do well in any big city.
_____________________________
Snakes Workforce Photo: This is not a 2 person penny stock pretending to be bigger than they really are. Amfil has the workforce to handle whats coming...
_____________________________
Publishing: A single self publishing deal could double annual revs by itself, with very strong margins... IMO Snakes has extremely high odds of hitting a winner on their first deal. They have game designers on their staff that study EVERY game on the market and make video/podcasts about them online... Plus, they know which types of games sell via the observations from thousands of customers that come to Snakes.
In their videos/podcasts they critique everything from the gameplay/dynamics to the artwork... They KNOW their stuff and are in the perfect situation to select great titles.
A single hot game can match the revs of a dozen Snakes locations... and it will be the highest margin deal Snakes will make, since they cut out the middleman and have exclusivity from day 1, worldwide
This is one of the least discussed topics, but possibly the biggest thing they have going... They could drop several hot titles on the market and make 9 figures having exclusivity worldwide.
#lifechanger
________________
Snakes in the perfect position to push a game and get it KNOWN...
4 friends walk into Snakes. The Game Guru talks them into trying the new self published title. Guru quickly teaches game to table, which gets them playing faster, with little hassle... 1 of 4 players sees the title at a promotional price while leaving and since they just learned it and had a great time playing, she decides to take one home. Just so she can beat her boyfriend one more time!
3 weeks later a different group of friends are at her house and she pulls out the game... 4 new people quickly learn how to play from her mimicking the Game Guru... 1 of these players sees game at Walmart, remembers how much fun he had and decide to buy a copy...
... he takes game home, plays with kids... Kid pulls out game when friends are over...
THIS "viral" sales flow is why table gaming is growing so fast imo. The masses are HUNGRY for human interaction, away from digital devices...
... and what better place to spread the virus, than a Game Cafe? The Game Gurus are practically injecting it into them!
________________
The odds of Snakes hitting a big game are strong... Any company can create a game, but most fail because they only have one option (their own game). Snakes is in position to CHOOSE games because people want to get in bed with a solid distributor and marketing vehicle like Snakes. A deal with Snakes helps ensure the game will get noticed and sold. Its big risk investing time and money into something that never gets discovered
The Gurus can PUSH games onto customers... "hey try this new game. Its easy to learn, ill teach it to you." Boom, groups of people being taught, every day...
... then these customers see the game in a nice marketing display + a discount, on the way out the door... and because they just learned it and had a great time playing, one or more of them pick up a copy and take it home, playing with family/friends (free marketing).
They are in the PERFECT situation to choose a solid title and sell it to the masses, in every aspect
This will lead to sector domination imo
_____________
Warehouse Pics: This is what $5,000,000+ million in game inventory looks like...
Just a few: My apologies to Snakes and Lattes: I was wrong.
https://www.reddit.com/r/toronto/comments/9rtq0r/my_apologies_to_snakes_and_lattes_i_was_wrong/
____________
It's Official, Everyone: Board Games Are Cool Now
https://www.vice.com/en_us/article/9bkj7z/rise-of-board-games
_____________
Guess who is mentioned?
The Cardboard Renaissance: Analog Games Take Off
https://thetechnoskeptic.com/cardboard-renaissance-analog-games/
________________
The Gathering of Some of The Gathering of Friends – in Toronto!
Most of the big players in the sector know all about Snakes. They call us the "mothership" for a reason... Even Hasbro had a gaming night at Snakes, marketing their Avalon titles...
https://www.geekygoodies.com/single-post/2017/04/18/The-Gathering-of-Some-of-The-Gathering-of-Friends-%E2%80%93-in-Toronto
______________
I Want Your Job: Steve Tassie, Game Guru
https://torontoist.com/2013/11/i-want-your-job-steve-tassie-game-guru/
We get some people who come here because it’s a hip place to come, rather than because they’re actually interested in board games, and with people like that, our best weapon is the breadstick games. They’re simple, but they can get the most cantankerous or inattentive person involved with what’s happening at the table. Life is too short for games you don’t like.
++++++
Tassie, who has also worked as a game designer, has found that the job has a surprisingly romantic aspect: “We’re a super-hot first date place in the city, and we get a number of people who come back to us six months or a year later asking if they can propose to their girlfriends here.”
++++++
________________________
Hajira & Sean | Snakes and Lattes Board Games Engagement
http://www.rhythm-photography.com/snakes-and-lattes-board-games-engagement/
________________
Frederik Gauthier's affinity for puzzles is well-established.
The Goat — as even Leafs coach Mike Babcock often refers to him — also loves to play board games. He's a regular at Snakes & Lattes, the Toronto hotspot for board game aficionados where it's possible to sip a coffee, down a beer or munch on a sandwich while playing Jenga or the game of Life. Gauthier's favourite board game isn't quite so mainstream. It's called Gangster and the objective, not surprisingly based on the title, is to compete with other gangsters for control of Chicago.
https://theathletic.com/214377/2018/01/21/is-frederik-gauthier-an-nhl-player-and-if-not-what-then-for-the-leafs/
So what if they paid $100,000+/- to fill the Kickstarter backers, on top of the $150,000 they paid to buy Morning. this is a damn cheap acquisition no matter how it’s sliced. The potential for these FIVE high margin products, which are launching near term, is $XXX,XXX,XXX. Just like many other/similar titles
I would not care if they paid over $1 million for this acquisition. Such an insignificant point... they’ve already sold $XXX,XXX to walmart. lol
Terrible DD. This is better: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151755135
Only if people actively spread it around. If people dont spread it around less people will see it than a Monday am PR
How often are you looking for penny stock news on Sunday night? I never do, unless I’m actively following the ticker.
He was going to release UNaudited reports on Friday no matter what... but the situation improved by having the actual audit complete.
I don’t see the big deal. This is an improvement and the market is closed, it’s not like he is trying to manipulate anything. We will know either way before the stock starts trading.
Rather be a “blind follower” holding stock, than a blind sideliner watching it run away. I’ve done my DD, which consists of more than a single aspect
Im not wasting my time here, been invested since .01... If outperforming most big board stocks over the same period is “blind’, gouge my eyes out
But it’s not deterring interest, is it? More people are glued to this ticker now than ever. Boardmarks are at an all time high and FUNN is consistently one of the most active stocks on the site, out of 10,000 tickers. Why is that?!:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151755135
But they're going to get filed, then what will the claims be? Delays suck, but there’s zero reason to doubt that this company is going to file all the paperwork and uplist... They are not going through all this for no reason: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152322079
... and there's zero reason to doubt the biggest and most exciting events in company history are coming soon.
Last to figure it out pays the most: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152320929
(reposts) App opinions/DD: A master plan to DOMINATE the sector... Read all of this and tell me im wrong...
Id like to see a Snakes App... A way to connect single gamers would be cool, with a rating system based on if people show up when they say (reliability).
If someone flakes too much, without letting the other players know in advance, they lose their ability to use the connection service. Serious gamers would love it
It could also be a dating service.... Not only can they hook singles up, they give them something to do on their first date that is fun/less awkward.
______________
The App can offer promotions to get people back in the locations, retail game sales, game tutorial videos (if Gurus are busy, see the App!), free game giveaways (new and used copies), contests... There is so much this specific business can do with an App.
Encourage each customer that comes to Snakes to downoad it then and there. Let them know they can use it to get an instant cover charge discount, etc
With thousands of people coming to Snakes each DAY, the amount of people you can send alerts increases FAST.
Then they can start charging publishers for marketing, promos, etc... Game creators will want to give Snakes distribution exclusivity just to get the marketing perks.
____________
I bet you if they handed out games daily, they will have more people using the app than the amount of people that actually go to Snakes.
I bet they would have thousands of people in each and every state that download the app, which builds the brand before a Snakes location even opens in their town... focusing their marketing efforts on free game giveaways will make them the talk of the entire table gaming sector. Gamers will know about snakes even if they never been to a location. They will see their friends mention it on social media, often.
If I were them i would start developing an app ASAP, before someone else does. At least get the basic structure created. It’s a no brainer.
_______________
Snakes has thousands of SKUs on their retail website, which can generate a lot of $$$ via an app with promotional alerts. This aspect alone makes an app viable right now. The sales can pay for it.
If they were not a distributor/retailer, i would agree, but there is massive growth potential with board games being so hot.
Snakes can beat Amazon prices on many titles that they are the EXCLUSIVE distributor for. This is a significant aspect and should be leveraged into a loyal retail customer base of active gamers.... Snakes still makes money when Amazon sells these titles, but they wont have to pay Amazon per unit.
Also, they can get all the Kickstarter backers to download it, so they can track their order status, etc. I bet the App would be on hundreds of thousands of phones after one year... It wont even cost them much to market it. They can use their gurus, bartenders, servers, website, kickstarter backers, social media and even mention it on future prints of self published titles. None of these cost much money.
I bet millions can be made from an effective use an App. Who does not have a smart phone in their pocket nowadays? Offer all kinds of promotions and free game giveaways throughout the week, BUT ONLY IF THEY LEAVE THEIR PHONE ALERTS ON. You have to act fast to get it!... This could drive serious growth.
Just start the App simple. Use it as an interface for the already created ecommerce database, then start adding new tabs/features each month. They already have this stuff: https://www.snakesandlattes.com/
______________
Many companies this size spend $XXX,XXX per year to market
Instead of paying mass amounts of money for marketing that is only slightly effective, they can give away $100,000 per year in games that they get at master distributor prices, which is lower than the mass retailers can buy games for... The consumer sees it as getting a $30 game, but snakes is paying less than half that on some titles. They could give out over 5000 games in a year and it won’t even cost them much. That’s almost 15 games per day!... Everyone would have this freakin app on their phone, with alerts turned on! lol
Tell people if they mention the app on social media, they get entered into an even bigger and better drawing. This would influence thousands of people to start spamming the app to millions of others.
Can you see how massive this could get for a company in this strategic position?
__________________
There are several penny stocks that have developed multiple apps, but the premise for their Apps suck, unlike Snakes.
All FUNN has to do is contact a few of these small companies and tell them to put a proposal together. They can even offer them commission on App retail sales to really push their enthusiasm and keep initial costs low. Do it as a "joint venture" so they can pump their stock a bit AND bring their investors eyes our way as well. Everybody wins!
I bet a micro cap developer would jump at the chance to be associated with Snakes... None of the tickers come to mind at the moment, but i have seen some in the past that created some very detailed and attractive apps.
PS: They might just take a million shares to do it. Worth it?
___________________
The easiest Apps to monetize are the ones that already have a large customer base. All you are doing is giving people a new way to interact with your business.
Everyday your following will grow, just by placing a little advertisement on each table telling people to download the app to receive an instant use coupon
______________
Apps have become like websites. Many people have learned how to build them as a hobby. This is driving down development costs.... having an App is no different than a website, it’s just a different interface accessing the same information
On top of there being so many app developers hurting for work, willing to take less to get involved in a big long term project, you also have thousands of great App examples out there now to copy. The basic format for a solid e-commerce/informational app has already been created many times. All they need to do is copy the basic structure. This makes it easy, along with having all the e-commerce stuff already available.
The hardest part to building an app isn’t actually the app, it’s the content... and snakes has tons of content that’s not being utilized to its full potential... I was just on the Guitar Center App and picturing how their formats can be used for Snakes & Lattes. I but there are many companies that have app templates, you just need to add the content. It can likely be created in under 3 months
Also, there are many small dating apps. Hundreds of them... In the future they could possibly do a joint venture with the small dating app company to get the whole matchmaking aspect rolling. For both gamer matchmaking + dating... I would work on this aspect last though. Just getting the e-commerce going, all the instruction videos on the app and promotions would be a great start. That’s really all you need for a great app, everything else is bonus... The promotional aspect is key, because you can use it to keep people coming back to the app. This will help ensure that the project costs are being covered with growth.
Maybe they can do a joint marketing deal with another website for some gaming news, etc. They know many of them.
_______________
Yep, the Dominos Pizza app was the biggest thing they did in decades.
If a company has a use for an app, they are crazy not to have one. It’s like not having a website.
Apps are easier to grab customers attention than websites, specially if you can create a promotional structure that influences them to leave their real time Alerts on. You can remind them about Snakes & Lattes throughout the week.
For example, right before people get off work you can remind them that happy hour will be starting and what type of promotional food items you will be serving. You can also mention that happy hour attendees will be Instantly entered into a drawing just by being there.
I also like the marketing aspect. Many of the small game developers create promo videos to pitch their new games. Snakes can charge the developer for the marketing, then place the video on their app and tell their customers that if they watch the video they will be entered into a drawing for a free copy... Then hand out MANY copies, so people tell all their friends that they won the game through the Snakes app. This will get even more people downloading the app.
I bet you anything if snakes gave away $100,000 worth of games (at wholesale prices) over the course of a year, their App would go viral and it will be a massive success for this company. Gamers will go freaking nutso over Games being given out daily. They will BRAG about winning on the message boards and social media
Like i said, they can give out about 15 games per day and it will cost about $100,000 per year... This is a powerful form of marketing for a company of this type. Better than any magazine, etc... this is how modern/hip companies keep their customers engaged
____________
I believe they can easily increase each locations revs in the future...
As they gain more locations, they are going to become the MOST powerful marketing force in the rapidly growing board game sector imo.
There are other game cafes but they are all mom and pop, they dont have the same marketing appeal... With Snakes a marketing plan can be created at the corporate level and each location can be directed to put up posters, add themed items to the food/drink menu, marketing displays near the entrance, Gurus told to push a specific title, etc.
Snakes locations can recommend, teach and market a title to thousands of customers EACH DAY in the future... and its the BEST kind of marketing. People that enjoy themselves playing a new game, which they were EASILY just taught, are more likely to buy it on the way out the door... esp if Snakes allows all or part of a customers cover charge to be applied to the retail cost.
With Tempe they might already be averaging 1000+ customers each day... and marketing to 1000 customers PER DAY in Snakes is likely more effective than selling a magazine to 1,000,000 subscribers, even if the advertisement is on the cover. A magazine cant sell a unit then and there.
If they had to do a small RS to get to the Nasdaq one day, that would be bullish for everybody holding the stock... but it would not happen until the stock has ran much higher than these levels
When a company has proven profitability and no longer needs to dilute, an RS is a bullish event if it’s for an uplisting.
The fact that a company would be able to uplist to the Nasdaq says it all. An RS doesn’t change the value of a stock, it only affects sentiment... and sentiment is only negative when it is being done because the company has diluted themselves into nothing, which is obviously the opposite of a company that is making it to the big boards, right?
Let’s also not forget that there are many stocks with billions outstanding, including some of the largest companies, like Apple... investors fool themselves when they think a companys share structure determines value. It’s all about the market cap. You can’t tell how much a company is valued by looking at the shares outstanding. It is insignificant data until you multiply it by the price per share: https://www.investopedia.com/terms/m/marketcapitalization.asp
There is multibillion potential with this unique concept, just like many other food/entertainment chains which started just like this: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152146313
Heck, even multiple board game publishers have been acquired for billions in recent years... and publishing is a segment of this concept. Both the restaurant and publishing could be worth a billion+ to this market cap one day, each: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152321780
Well, ive been invested since 2017 (at .01) and have long term cap gains benefits on gains that have outperformed most big board stocks over the same period... and i took out my initial plus a profit over .18
Anyone can nitpick a drop AFTER A STOCK RAN 10,000%, but that is worthless info... How many THOUSANDS of percent is the price higher than when Roger became CEO and increased revs from nothing to $XX,XXX,XXX??? He took over when it was about .002
THIS is the viewpoint that will make people money, because ALL stock have highs and lows, good time to buy and bad. Just because a stock is off its highs today does not mean it wont be plotting higher highs in the future.... Smart money BUYS PAIN, esp when its a solid company and the negatives are SHORT TERM growing pains, not long term detriments.
Anybody that has been following this story close should see that this is the time to be loading. The biggest and most profitable events in company history are just days away.
I was only providing one example out of many, please comprehend.
All of these things add up into a lot of time required. This isn’t a shell, they make tens of millions and never formatted anything for being a public company, until now.
... and because the auditors only get paid one lump sum, no matter how long it takes, they limit the amount of time they give an uplisting company per week. These auditors dont just sitting around waiting to review this single tickers numbers, they have many other companies they have to prepare audits for in a timely manner.
When one looks at the COMPLETE picture, it’s not that hard to comprehend the situation they got into. I agree that Roger made mistakes by giving inaccurate predictions on the completion(he had never done this before), but that doesn’t take away from the undeniable/provable fact that this is an amazing opportunity for this valuation level.
This is why this stock is consistently one of the top 10 boards on this site, out of 10,000+ penny stocks. People are glued to it 24/7 FOR A VERY GOOD REASON. This ticker can change many lives, fast.
You cant just take todays conversion rate and apply it to all those years. lol.... You have to go back and look at the conversion rate for each day they collected cash, with HUNDREDS OF THOUSANDS of transactions. When they were private they did none of this
Selling at a loss?! Illogical BS, with no substance supporting it.
How much dilution has their been over the past 2+ years? About 30 million? lol... WHILE hiring hundreds of new employees, building new locations (100% increase), creating new products, entering new markets, acquiring multiple companies, etc, etc.
I dont see how someone can fairly claims this is an unhealthy biz... i dont even mind losses at THIS stage, as long as the money is being used to grow and position the company to become the next multibillion dollar food/entertainment chain. It take money to make more of it.
(repost) If anyone thinks its exciting to see these Kickstarter backers reviewing the product positively, they are gonna LOVE seeing the products on the shelves + reviews all over the internet.
Remember, it took almost 2 years for these Kickstarter backers to get their product and they were REALLY pissed about it, per many comments online. Then FUNN/Snakes (the hero) stepped in and saved Morning + the backers from a total loss... These backers have EVERY REASON TO BE UPSET, but now they are giving this game great reviews???
If these board game Geeks/Gurus think the game is great, what will the future buyers think about the game when they have no negative history with it?
This is simple DD, but i dont think many are comprehending how massive of a clue it is. We pretty much already know that the game will be liked and have a chance to load before the rest of the market figures it out... Hot titles are doing $50+ million in the first year and this is going to drive speculation.
Snakes will be pushing this high margin self published title to thousands of customers per week (maybe each day), which means they will learn it easily and have a chance to buy before they leave, possibly with a promotion...
... and future investors that buy a game will likely enjoy it, driving their speculation...
We will see all time highs long before we see $5+ million revs from these games imo. Speculation is what drives the penny market, actual results are a bonus
reposts...
Seeing is believing: https://www.walmart.com/ip/Kill-the-Unicorns-An-Enchanted-Card-Game-For-Evil-Geniuses-Exclusively-Sold-on-Walmart-com/548174258
Another FUNN game that’s about to hit the largest retailer: https://www.walmart.com/ip/Red-Panda-Card-Game-Exclusively-Sold-on-Walmart-com/979543007
Very soon the first deliveries will reach the stores and this stock is going to launch off these levels, from the biggest PR/event in company history...
Remember, all the previous distribution deals were limited to just Canada, a country 1/10 the size of the USA... and none of those deals had margins this high, because they were just distribution deals for other companies, not their own titles. This release is a #gamechanger
____________
Really, you dont think Snakes knows which games do well and which ones do not? Most publishers are nothing more than a game, Snakes is game cafe FIRST, which is the ultimate advantage. none of the these competitors have first hand experience with consumer demand/interest like this, which is why some of them turn to Snakes to get known. lol
Toronto is the 4th largest City in North America and guess who is the Big Dog with THOUSANDS of customers per WEEK, maybe per DAY? This game could go viral, using Toronto as a launching pad
Roger has made mistakes, i have no problem pointing that out, but lets not confuse the highly skilled people working at Snakes (250 employees) with his mistakes. You dont land Walmart before the game is even produced unless you can SELL... and SALES IS EVERYTHING!
1000's of customers per day can become thousands of strong reviews all over the internet, thanks to learning the game EASILY within these Snakes locations.... and so far most, if not all the KS reviews have been positive, even though these customers were upset over how long it took them to get it. If THESE customers are liking the game, when they have every reason to be pissed, it says A LOT!.
We will sell a ton just because of the theme imo. The hardest part is getting on the shelf of the largest retailers (check!). No doubt it will get picked up/spotted by MANY people now, due to millions of people walking by the packaging/theme
More DD: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151611247
___________
This cap is getting really cheap imo, the single-game can make this an $XXX,XXX,XXX stock.
They are in the perfect position to push this game into retailers, then get it known by thousands of people per week.
Any day now the biggest PR in company history will be released. If anybody has held this long it would be unsavvy to sell now, at these levels. Walmart is going to drive a significant wave of hype. When we can all walk in and see a self published title on the shelves, across the USA, it will change the way people view this company. Right now Snakes only distributes games in Canada and none of them are a high margin self published title
This will be the first game that we can sell worldwide... and two more titles are coming up right behind it
#gamechanger
______________
Morning does not need to update anyone on the shipments anymore, because the backers have already received their orders.
Morning is not in charge of corporate info, other than what directly relates to Kickstarter. KS backers have nothing to do with Walmart, etc... The next update will be from FUNN and will likely announce the rollout to Wally, Amazon, etc
I expect several big name retailers to be announced in the coming months, all over the world
This next shipment might be drop-shipped at Walmart.
_____________
BTW, FUNN will see $$$ from these titles for years. Dont put too much focus on having to have the game out by a certain date, these games sell alllll year... and when you can market to THOUSANDS of people PER DAY via your locations, they are in a great position to succeed.
I FULLY expect this game to make FUNN extremely NET profitable, even with just moderate sales. They are close to breakeven now imo
I just hope Roger does more to paint this picture for the maket, so we can sustain over inflated levels (like other rapid growth stocks), instead of at the bottom of the valuation range.
____________
If people have held this long, they would be wise to at least wait until this board is full of KTU pictures, on the shelves of the LARGEST retailer, who controls 50%+ of the toy market = very busy toy/game isles!
Millions of people will be walking by our title... CRAP titles can sell well with this level of foot traffic and KTU has a popular theme + attractive/attention grabbing packaging, within the right impulse price range
Walmart will sell out of the first order FAST imo. I bet single longs clear out locations, forcing an instant reorder. lol
This stock will be flying on the reorder PR. Speculation could reach record levels... tick tock...
__________________
(repost) There's an initial risk in printing these games and not selling them, but this risk is reduced significantly when you are a MASTER DISTRIBUTOR of many other hot titles.
Its harder for a small publisher to approach a company like Walmart, with no sales history or other products, which can be worked into the deal to get it done... this is why publishers seek out distributors/sales rep to move their games, which Snakes already is...
... and distributors carry MANY titles, often thousands of different games... just because you land a distributor, does not mean they will put PRIORITY in pushing your titles to the retailers. The reps will have many other titles/toys/SKUs that are making THEM money and they focus on those. You can only talk about so many games in a session.
This is where the synergy of being a publisher, master distributor AND Game Cafe (free/profitable marketing) all tie into each other... Snakes can put priority on their OWN games and push them into Walmart, Target, etc increasing volume fast.
Snakes already has sales history with Walmart.... and the largest Canadian book chain (Chapters)... and other big Canadian retailers that sell games. Snakes is on pace to OWN Canadas gaming market. Look at how many Kickstarter publishers choose Snakes now.
I love synergistic business concepts!
_______________
(repost) Morning is a creative think tank/publisher. This is why its such a powerful acquisition for this particular company. Snakes fills in everything else they need to get these products into the hands of the masses.
Snakes even offers them a place they can play test their games with a very experienced/large gaming staff + real world customers. IMO there will be no weak games in the future. Their titles will grow in strength as Steve starts adding his EXTREMELY EXPERIENCED input on game mechanics, rule alterations, how to write precise/easy instructions, etc. Steve is a grand master at this stuff, watch his videos, listen to the podcasts, read his articles, etc. He trains all the other staff on HOW to teach games and even edits rules to make them easier for customers to learn. He is a major asset alone, esp when combined with a game publisher.
___________________
(repost) How many publishers have distribution and game cafes?
There are a lot of GREAT games that never get noticed. EVERYTHING is about getting noticed nowadays... Weak games can sell $XX,XXX,XXX just because it was in the store, not because it was good. A customer only needs to buy ONCE
... and is there any better place to get noticed than Game Cafes, with Game Gurus that can direct customers to play the titles they want?
Many customers rely on the Gurus to recommend games and teach them... and if people EASILY learn a game and enjoy it, the odd increase that they will buy a copy before leaving Snakes, or the next time they see it at Walmart and think "Hey, that was a fun game! My nephew would love to play this with me".. Either way we make $$$
__________________
(repost) All snakes has to do is advertise that all or part of the $8 cover can be applied to one of Mornings games , if they buy before leaving... and this is off the FULL retail price, which means they would still collect more than if they sold at wholesale
This would not only get people interested in TRYING the games while in Snakes, it would also drive per location sales. Snakes cuts out the middleman, so they would STILL make a strong profit per copy at a sexy discount price...
... and most of these customers that buy one of these copies will take it home and play with others, because most games cant be played alone. This markets the game to additional people, who then might buy a copy when they see it at the store, on Amazon, etc.
This is why the sector is booming right now. People want to do things that are more social, away from their digital devices. This viral sales process is powerful and can push a game from nothing to $10's of millions, in just months.
... and all we need is ONE of these titles to be big... or all of them to do moderately well...
______________
As ive been saying for months, the current revenues, net profits, etc are nothing compared to whats coming from their self publishing division, alone
No need to overthink it, just do the simple DD. They are going to push these titles hard and no other aspect of the biz will have higher margins.
AMFE could have ZERO revenue right now and a SINGLE game could make this a fairly valued $XXX,XXX,XXX company. The growth potential is not only massive, it can happen FAST.
_______________
The Snakes & Lattes Inc. locations have been hosting game designer nights for quite some time now and with being so deeply entrenched in the table top gaming community, it has begged the question internally for many months now as to when the company will begin entering the game publishing arena and bring new titles to market in-house. Snakes & Lattes is currently positioned to manage all stages of new projects beginning from inception to product launch, and will use its current resources for research and development, product testing, marketing, and of course sales and worldwide distribution. This move would bring a far greater ROI when compared to the ROI on the current game titles that we stock and distribute, essentially 'cutting out the middleman' and allowing us to stock and distribute larger volumes and further expand into additional markets internationally.
The current costs associated with stocking game inventory is comparable to the costs to print and manufacture our own game titles, which would not only provide larger volumes for the same price, but also immediate worldwide exclusive distribution rights. We will use our retail locations as 'proving grounds' for new game titles prior to publishing in order to determine which titles will generate the highest demand. This will of course be in addition to maintaining and growing our current sheet of exclusive distributorships from other popular game producers.
The company is currently working on acquiring the rights to publish our first game to kick-off our publishing division. The first game under this initiative is currently in the works and will be developed in conjunction with an experienced game author based in Switzerland. The specifics of the game are still a closely guarded secret so no further details relating to the game will be released at this time to protect the intellectual property. We will provide further details relating to the project when appropriate to do so, likely coinciding with the upcoming Fan Expo in Toronto this August, where Snakes & Lattes will be hosting a board game café and retail store in partnership with CAH and other major publishers.
Capturing world-wide distribution as well as maximum margins from production to sale leaves the company better positioned to expand all aspects of the business, and significantly increase the rate at which retail store and gaming café locations are opened. With the new Midtown Toronto location being the third and largest location, set to open this summer and boasting an impressive 2 stories, 55 tables inside and 5 tables out on the patio all the while accommodating up to 340 customers, the company has its eyes set on the immediate expansion across Canada and the United States.
The newly formed publishing division in addition to the successful retail and distribution divisions, is expected to significantly increase profitability at a minimal start-up cost by utilizing the company's existing assets, resources, and market reach. In terms of the company's expansion, this is the most cost effective and logical step towards the company's intent on complete market domination by continuing to execute on its successful business model which has been proven year over year.
______________
Pic of the playtesting arena for Unicorns: This is where most of the positive online reviews were derived...
This was at a trade show. The game is tested and enjoyed... IMO this game should spike revs/profits fast...
Looks like 3 tables were for IKAN, which is another title that is close to print...
Roger hired the appropriate people and all the foundation will be in place for future audits... it’s BS to insinuate that a company will always have these issues with their audits, when other companies do not.
Its Important to look at the situation sincerely/logically and comprehend that they had hundreds of thousands of transactions that were collected in Canada, then reported in US dollars. They never followed the conversion rates on the days those transactions took place because they were private and did not need to, so months of work had to go into correcting all that info... but this is easy to prevent for future filings once you get up to speed, just like thousands of other companies= Common sense
Also, this company took a big chance buying a bankrupt foreign company. A company that has transactions in a THIRD currency (Euro), but reports in US dollars.... buy it was wise to make this acquisition, because the potential is hundreds of millions in high margin revenue. The delays it caused will be worth it in the end
It’s easy/cheap to nitpick and claim they will never be able to do this right, but professionals were hired to make sure this does not happen again. Roger doesn’t do the accounting.
Its also important to keep in mind that most companies are already uplisted by the time they’re making tens of millions. It takes a shell with zero revenue a year+ to go through an uplisting audit, so I think the savvy investor cuts them some slack for how massive this company has grown, so fast.
Assuming that this company will always have these issues, while ignoring the reasons for these issues, is not savvy. They are working their ass off to get the stuff in order and prevent this from ever happening again, why wouldn’t they?! Do you think they ENJOY having these delays?!
Just days ago this audit was “never” going be signed off off, remember? the story is sure changing
We will see who "LMAO" last... PROPER/SINCERE DD will prevail
(repost) Don’t confuse the audit delays (corporate level issues) with Snakes top notch sales, distribution and fulfillment abilities. Many of the 250 employees are highly skilled and capable of achieving great things within the company. Read: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152146313
Snakes distribution and fulfillment info : https://www.snakesandlattes.com/distribution/
Exploding Kittens (similar style card game/art) did $50+ million in the first year, mostly in the USA. Then later expanded out of the USA and has sold $XXX,XXX,XXX... and Snakes/FUNN landed exclusivity in Canada.
Kill The Unicorns has just as much potential, if not more because of the Snakes & Lattes Advantage (thousands of TARGETED consumers per DAY) + being sold worldwide from day 1...
... and the margins will be stronger than any of the other titles they distribute, because Snakes is the middleman as well... They can run attractive promos to TARGETED consumers (at retail) to move quantity and STILL make a heavy profit...
(repost)Cards Against Humanity DD: AMFE is the "exclusive" distributor in Canada, including all sales through Amazon
Most people that buy at Amazon do not leave reviews and there are 33,000 of them and 5 stars for the USA site... and this does not include the Walmarts, hobby stores, etc that also move copies... EVERYONE that buys a copy in Canada stuffs money into AMFEs coffers, even if they buy from a competing big box store, hobby shop, etc...
... and there are expansion packs coming out often, which many of these customer jump on = more $$$
USA Amazon site: https://www.amazon.com/Cards-Against-Humanity-LLC-CAHUS/dp/B004S8F7QM
Canadian site (AMFE fulfills this account): https://www.amazon.ca/s/ref=nb_sb_ss_c_1_6?url=search-alias%3Daps&field-keywords=cards+against+humanity&sprefix=cards+%2Caps%2C1205&crid=2M9IPA552CXH8
-----------------
From the PR...
Snakes & Lattes has also secured exclusive distribution rights throughout Canada for Exploding Kittens LLC, which was one the single most successful game on the Kickstarter platform, and the third highest grossing venture in the platform's history. It has also secured exclusive distribution rights throughout Canada for Cards Against Humanity, which has quickly become one of the most popular party games to date. Further, Snakes & Lattes is in discussions to become the exclusive distributor for Watch Ya Mouth, a major release title of 2016. To facilitate the shipping and sales growth of these exclusive distributorships, inventory in the warehouse was recently increased to accommodate the demand. Snakes & Lattes has also set up a new partnership with FedEx in order to streamline logistical processes, improve efficiency and decrease costs, while increasing and improving reach to customers throughout Canada and the United States.
______________
(CNBC video) 'Exploding Kittens' Card Game Blows Up Into A Fortune | Strange Success
Snakes has locked down exclusivity for this game in Canada. It only did $50,000,000 in the 1st year, in the USA... Fun table games are ageless, unlike video games which are constantly being surpassed. It will be an AMFE cash cow for many years...
FYI, this was not even the best selling title that year...