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(repost) But what LOGICAL/SINCERE reason is there to doubt that Walmarts order won’t be filled??? This is the heart of the matter... Walmarts order is a “firm PO” and the game is already listed on the site: https://www.walmart.com/ip/Kill-the-Unicorns-An-Enchanted-Card-Game-For-Evil-Geniuses-Exclusively-Sold-on-Walmart-com/548174258
They were able to produce and fill the thousands of Kickstarter backers orders, I don’t see why they can’t fill and produce anybody else’s order... and the only reason why the backers got their games first is because that is part of the Kickstarter contract.
Can you imagine the comments if these backers found out that Walmart got filled before them? The company is doing this right, it’s not hard to comprehend. It only requires simple DD, which i highly recommend doing instead of guessing.
Soon these games are going to be on the shelves at Walmart, excitement is going to hit record levels and this topic will no longer be relevant... Just like hundreds of other BS negative claims that have proven false with time.
Do you doubt the manufacturers ability to produce games? https://pandagm.com/
Lets review: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151755135
2019 does not include a foreign bankruptcy acquisition and they completely redid their internal infrastructure to make all future filings easier. So I see no reason why they won’t start falling into the normal time frame that all public companies utilize to complete their audits. In this scenario history is not indicative of future results, based on logic... An uplisting audit is the most difficult audit that any level of public company will experience, because the company is starting with nothing and has to prove everything from scratch.
2019 will be released one way or another, removing the stop sign, lifting broker restrictions, building investor confidence and letting the stock run like the wind with the upcoming blockbuster series of news releases/events
Funny thing is, just days ago the claim was that this 2018 audit would never be signed off on... but now that it is, the story is changing.
If someone likes to make money, they should’ve been buying this pain, because this concept has real multibillion dollar potential, just like any other popular food/entertainment chain. We all eat and we like to be entertained!.... The stock isn’t consistently remaining one of the top boards on this site for no reason. People are glued to the story and waiting to jump in when the company gets their stuff in order.
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. Along with several new products added through the Natural Stuff Inc acquisition. 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.
What am i missing?
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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...
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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 red 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
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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!
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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
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Warehouse Pics: This is what $5,000,000+ million in game inventory looks like...
[img]http://pbs.twimg.com/media/DKhB-DOUMAACvX1.jpg[/img
There’s not a greater audience on the weekend. lol... More people post during the week, when their eyes are glued to their stocks. People have family and other things to do during the weekend.
Again, if time expires before the market opens what is the logic in that claim?! How is letting people down right as the market opens good for the stock price???
Again, it’s important to use some common sense when making these types of insinuations.
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
How does weekend pumping help when the stock can’t benefit, because the market is closed? What good is it pumping over the weekend if the facts will be known by the time the market opens? Do you think it would help the stock if it ultimately turns out to be BS by Monday morning? He could actually be setting the stock up for a worse situation than just saying nothing at all
All of his previous predictions/claims were based on information that was not within his control, but if he has this audit in his hand, he has complete control.
People can insinuation what they want, but ultimately there has to be some common sense. If a CEO is going to pump, he/she would be better off doing it during the weekdays so at least the stock can benefit before time expires.
Remember, this audit is just the opening act, it is not the biggest news that is coming. It is needed to set the stage for the next level investor.
In the coming days/weeks we are gonna get some head turning news. Sales/growth news= The best kind of news
The stock could have zero revs right now and the upcoming growth could make this a fairly valued dollar stock... we should see quite the chase next week and I doubt much size will be on the ask
lol... yep, i will later. At this moment I’m busy being right
lol... There is zero logic in releasing details like this out of proper order.
What happened to this audit “never” being signed off, because it’s a “scam”?
Glad I do my own DD and choose to rely on facts/substance instead.
Roger the Audit Flogger
Profitable week coming
OMG! That is a scary amount! Why aren't people hitting the Bid???.... Im dumping everything NOW!
(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/
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
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
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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
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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
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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.
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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.
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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...
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(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!
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(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.
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(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 $$$
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(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...
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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.
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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.
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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...
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
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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.
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(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...
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. Along with several new products added through the Natural Stuff Inc acquisition. 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.
What am i missing?
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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...
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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 red 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
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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!
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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
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Warehouse Pics: This is what $5,000,000+ million in game inventory looks like...
It can be found here: https://www.otcmarkets.com/stock/CRBTF/profile
We’re waiting for our shares to be deposited in our account. Most of the stock is locked up... I was told by etrade that it takes a few weeks if they get the paperwork done in a timely manner, or it can last for months If they drag their feet
I have no reason to not believe that he is in dragging his feet. It’s fitting for him
The best way for answers as if everybody starts emailing him and asking where their shares are. He needs constant pressure, because without it he won’t care. He has proven this several times
8 - Zero proof/substance provided
The manipulator is back... No one savyy puts up size like that, unless they are trying to stop it from moving higher.
Other than their block the Ask was clear of size. There are not many sellers at these levels anymore, its mostly this manipulator
Once they are cleaned out i bet we spike.
Strong odds a bottom/reversal is starting.
I already explained, Franchising cannot happen until THEY ARE FULLY AUDITED, per the LAW.
It is not "dead", its put on hold. Make sense?!
Just because they cannot franchise TODAY, does not mean they cannot IN THE FUTURE. Make sense?
Regardless, they have been able to expand 100% (2 to 4 locations)over the past 2 years with another 2 locations being setup, bringing the total to 6 WITHOUT FRANCHISING....
Expansion will accelerate when they uplist, no doubt. This is the plan and it MAKES SENSE
no links = 0 proof
100% Bullshit, he has NEVER announced a franchise for Interloc Kings. lol... MANY years ago he mentioned HIS INTENTION to do so one day, but NEVER signed one. PROVE me wrong (crickets)
... but there are PRs that PROVE they sold franchises for Snakes, which support the $XXX,XXX they collected, per the filings.
Additionally, Snakes & Lattes management continues to work with its partners at CBRE Limited to locate and secure properties within Canada, further showing commitment to concurrent, stable growth within the American and Canadian markets. Hamilton, ON and Waterloo, ON franchises have been sold and are in the process of locating, selecting, and obtaining prime locations. The company intends to await the availability of suitable locations as opposed to opening in locations not aligned with the standards of the brand. Additional areas are also currently being looked at for additional Snakes & Lattes Inc. locations.
https://www.globenewswire.com/news-release/2018/03/05/1414818/0/en/Amfil-Technologies-Inc-Provides-Update-On-Snakes-Lattes-Arizona-Project-and-Discusses-Potential-Acquisitions.html
False, they sold multiple franchises (per filings/PRs), but had to cancel them because you cannot franchise until your are fully audited, per the law.
Again, COMPLETE FACTS are more important
Of course he will file an audit for 2019, but to REMOVE THE STOP SIGN, he needs to released them unaudited until they do... but this should be the fastest report because they wont have all the acquisitions, etc included. Read: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152037061
Pigicorn has nothing to do with Kalvara. Why are those worthless claims being made? lol
I dont even care about Gro3 anymore, we can see a billion+ cap with Snakes. Focusing on 1% of the company is not a way to make money... GRO3 deals are VERY expensive and take a looong time to sell, engineer a site plan and get it setup. This is the uphill battle for that sub, but not for the Snakes sub which already does $XX,XXX,XXX
Gro3 adds NOTHING to this market cap = zero risk
... but it will be spun off= free money for longs... cause a public entity cant be worth zero, right? It will instantly add money into our accounts that we would not have otherwise, cause Snakes is too dominant for this ticker.
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
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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. Along with several new products added through the Natural Stuff Inc acquisition. 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.
What am i missing?
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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...
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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 red 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
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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!
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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
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Warehouse Pics: This is what $5,000,000+ million in game inventory looks like...
Amazing how many facts are left out of those claims. No matter how many times we provide the proof...
For example, how many times have i proven that the Pigicorn has never been sold before? A prototype was created in 2017 for the kickstarter campaign, but they never ATTEMPTED to sell a single unit to retail, because it’s an ancillary product to kill the unicorns, which is just being released right now.
Does this extremely important aspect not matter??? How can someone sincerely call a product a failure if they’ve never attempted to sell a single unit until now?!
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(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
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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
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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
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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.
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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.
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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...
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(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!
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(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.
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(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 $$$
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(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...
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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.
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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.
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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...
Reposts to that BS claim: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152067505
Another: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152067334
More: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151807055
I see ZERO supporting proof to any of that BS...
(repost) Really? They are lying about these well known customers? The pictures of them displaying the customers products are fake? Why have they not received a Cease and Desist?:
These are the pictures from the J Crew University Tour< I hope you enjoy them. There are many more on the the CMG website use the link below to check them out. $CMGOhttps://t.co/v1a7hRxwnS pic.twitter.com/v5apaA3LGL
— CMG Holdings Group Inc. (CMGO) (@CMGONews) September 23, 2019
False, the ENTIRE PROCESS is a SINGLE audit. This is an uplisting audit for the THREE previous years leading up until the uplisting. Because we are still pink and passed FY2019 year end, 2019 is the 3rd year now.
This is exaclty what happened last year, which prevented the uplisting. We went past the FY2018 end and required it as well.
Thanks but i prefer facts/logic
They cant get an audit unless its for an uplisting to the OTC. No pink has audited financials.
If they want to audit the company they have to audit the past 3 years. An auditor has no previous audited year to compare the numbers/footnotes to, which is why they want them to go back 3 years. This many years gives them a strong basis to create an accurate report for the current year
PS: The company is currently negotiating a large amount of shares to buyback, which would bring them close to 10% of the company repurchased in just months.
Even if they started now, it still takes 1+ year to do an uplisting audit..
If the OS keeps decreasing, this will rise... i see complete scams with massive convertibles, billions OS, zero growth, etc run to $XXX,XXX,XXX, this can higher then $3 million
Just not enough people are noticing it out of the 10,000 penny tickers. It takes effort to get noticed
With a contract based business it’s normal to see quarterly revs fluctuate, this is why the savvy investor has to look at revenue over a longer period.... especially with smaller companies, where single contracts can be worth a large amount and might stretch over multiple quarters, but be paid in full during one quarter
$1.5 million revenue over the past 2 quarters is a nice amount for this valuation level... especially when you add in the fact that there’s zero dilution, the OS is decreasing
Some dumb money trader got impatient and just dumped out at a $2 million market cap, not savvy. They can buyback the entire company at .005 with the cash coming in from just the lawsuits.
... and the underlying biz is bringing in cash as well.... and they have another lawsuit which could be worth millions.
Not much downside from here imo, but this is what some have been waiting for.
Games are hitting the shelves all over Europe, Australia, etc. right now. We were posting proof of this over the weekend.
There’s no reason to doubt that snakes won’t do a good job. Don’t confuse corporate level delays with snakes first class business. Read: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152146313
Snakes distribution and fulfillment info : https://www.snakesandlattes.com/distribution/
Roger had never gone through any audit before this... but those of us that have know that you never guess what an auditor might do. Its not over until its over.
I think its possible that Roger got upset with them in the past and they are playing some games as well. Like lagging to get things done, etc. Just a hunch, but there are reasons to think this.
... and you cant just change auditors in the middle. That would have attracted even worse negative assumptions.
Read: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152205139
If none of this is causing the price to fall apart, this stock is going to make us a lot of money with the upcoming news cycle.
There are very good reasons why this float is held so tight, even after the recent gain. There is zero reason to be selling now imo
Last to figure it out pays the most
Why would Glenn and anybody else behind the scenes care about the stock when they have millions coming in from a lawsuit? Why aren’t they just pocketing the cash and riding off into the sunset, like so many other scumbag penny CEOs?
Why is he buying back stock? Why do they care about growing the business via multibillion dollar clients? He could just let the company go to crap and pocket millions
I believe Glenn is highly motivated to prove the negative claims wrong. It’s a pride thing and is a very powerful motivation tool
The numbers were extremely messed up, because snakes was not a public company until 2016 and made millions via hundreds of thousands of transactions, which was money collected in Canada, then reported/audited in US dollars...
Then add in the fact that they purchased a bankrupt company in France, which probably had piles of mismanaged paperwork
If one steps back and looks at the scenario sincerely, they should be able to see the reasonings behind the issues. Most public companies are not making eight figures when they go through this multi year audit
it’s been many years since I’ve seen a company uplist from the pinks in under a year+ And none of those companies are anything like this monster.