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Going to go ballistic after all 12 shareholders see the quarterly. It’s always massive news with huge volume. No sense it getting to news out in front of NEW people. We have enough.
Huh? Not going to share any inside info? The concern is following through with anything they say. Intentions may be good….the execution….horrible! Check the miles of failed to execute claims. Still waiting on the “New” Twitter channel beings they erased communication toward shareholders on their old Twitter channel. After all it was once again something THEY said, nothing made up.
FUNN is the ONLY stock in the breakout board with 0 volume. And peeps celebrating. Good grief it is pathetic. Let’s see how much volume financials bring in…..and how long it lasts if at all. Need management who have their head in straight and don’t continually feed shareholders hollow carrots.
It means nothing to most obviously. 0 volume and nothing to draw new interest. Needs some support from management and something to talk about. I heard rumor of 8000 cafes….soon. Let’s boost the board posts to “appear” interesting. WoW look we are on most posted. Grasping for something I guess.
Means absolutely nothing lol!!!
Management needs a business plan and stick with it. Big volume today!
I would say most companies don’t have one off conversations and give details before they are public. I would also say most companies don’t have one off conversations and feed a line of bs.
Intentions may be good…..execution on those intentions suck. Trust factor needs serious work. Public needs addressed, not individuals.
2/5/19
“Thank you for the email Shawn.
I get the frustration. Also do keep in mind that nobody was complaining about ir/pr firms prior to the audit process and what led to a negative effect on the market that was drawn out for way to long. When the stock went up 50x over the course of a couple months the story got out correct? I do however understand the frustration from everyone currently, I truly do.
There is also a lot of truth to what is being said there in terms of eyes on the company and as I have mentioned prior publicly we will be getting an ir/pr firm/firms involved to get the work out to a larger audience. This also coincides with why we undertook the audit process in the first place. Long story short, had the audit not dragged out far longer then anyone could have ever possibly imagined, we would already have one or more on board. Compounding circumstances have led to the decision being to have these engagements following the 2018 filing of the total multi year audit process we undertook. There are a number of reasons why this is the best approach and while I know short term it does not help and is frustrating as people want don’t want to see the market reflect the way it has, there are many factors to consider. Let alone the fact that it’s a big no no to the exchange considering we are currently delinquent due to the audit.
This and a lot more is indeed coming. The final year audit will get done shortly and we can put this snapshot in the total company history behind us for good.
Thank you again for your email and being a part of the company.
Roger”
A load of BS.
This is another reason why why I believe nothing they say. Especially things that are not said publicly to investors as a whole.
6 years of bs is the concern. No follow through is the concern, one off inside info is the concern…..do what you say…..less concern….attract some investors…that’s why we are here….not for story time!
Call the concern with your concerns….sounds logical.
This company feeds individuals information before it is made public. That is a huge concern. We heard 4 new locations from a shareholder long before anything was said from the company.
Great volume though today. Let’s make up some Roger Ben crap lies and boost the board postings to draw some attention!!!??? 4 cafes coming….. in the next 10 years!!! Still looking for a location though….feed more carrots please!
This turd is going nowhere with the neglect weak management instills in this stock. Filings and Overdue Q&A releases that should have been addressed long ago does nothing here. Doinks need to shift gears to at least pretend they want investor. One off conversations mean jack sht. If anything it is easier to whisper lies and more ventures that fail than to state them publicly. What a wast of time.
Still waiting on the new Twitter channel mentioned MONTHS AGO beings they completely ship on the last one that was used to communicate to investors for FREE. More bs lies. They follow through next to never on most everything they say.
“part of owning a business is adapting to the needs of the client NOT forcing the client what you want to serve them”
Nobody said anything about forcing anyone to do anything. Also part of a business is choosing the best locations to maximize profits for the company and utilizing available revenue streams. This one is missing a great variable. Offering more, instead of less, is not a bad choice especially when looking at profit margins. Not every customer that goes to Provo is a Mormon.
“..beverages themselves are high profit earners, doesn't have to be alcohol if other chains can do it in Utah why can't SnL???”
Duh…..alcohol being the highest earner.
“ Those customers are willing to pay for it then so be it.”
Yes all day long. Not sure how many college kids are pouring their money into these “bougie” drinks for $13. Seems that variable is unknown but I would suspect not many.
“..and btw a restaurant can serve mix drinks at the table w/o having a BAR...the bar is back of the house service bar...”
Wow! Amazing. Don’t care. Having a bar was not the point. Having high profit alcohol options was though. Not everyone is Mormon.
“$FUNN has operational managers who know what they are doing...suggestions could be sent to them...”
Yes they could. Seems they made the choice already. Not a new idea come on! Lol
Lost revenue source with an astronomical huge profits. Nobody said anything about beer only at chuckee-cheese. We was talkin bougie drinks. Glad I could clarify. Sure is nice to not have to toss out alcohol after the short shelf life of food too. Sounds like a no-brainer.
Thought we were in the business to maximize profits….not scrape by to try and further the name and locations. Heck the face of the restaurant is “Good Move Cafe”. So much for following a “flagship” model. Steering further away from a business plan.
Would love to argue this stupid point all day with obvious stats to back it. Isn’t the location inside the restaurant/cafe that serves alcohol called a BAR?
((()))Beverage sales. Alcoholic beverages provide the largest area for profit potential. ...)))))
Lol yes we agree on location areas.
But….
“While food sales might typically account for 60 to 70 percent of gross revenue, the beverage category often accounts for 80 percent or more of gross profit dollars. There are myriad reasons for this—for example, beverage generally has less loss, lower labor costs, and less prep variation.”
“Do restaurants make most money from alcohol?
In the restaurant industry, there's no business with
higher margins than bars. This is because the
markup on alcoholic beverages is much higher than on
food. Beverages see a profit margin of 60-70%.”
Simple google search!
So there is that supported narrative claim proven factual.
Yes, it’s $13 plus nonalcoholic bougie drinks obviously. That was incredibly easy. It would be great to see some actual numbers for this location.
Lol! I know right! Perfect spot to plop a cafe that is in avoidance of a highly profitable revenue stream unlike its other locations. It’s like it fit right in the “Flagship” model plan. Not even called Snakes and Lattes.
I am sure they are mostly ordering $13 plus non alcoholic beverages too. Probably 2-3 each visit on average. Lol
Ask the local bartender how many $13 bougie nonalcoholic drinks they sell per alcohol beverages. We aren’t talking soda. The Narrative is it doesn’t take a rocket scientist.
Lol okay let me help with the “narrative.” Time for a new word to play with.
It is called sarcasm. I bet in relation there is 1-2 nonalcoholic beverages sold per hundred alcoholic beverages sold in locations that do sell alcohol. Big whopeee!
It’s probably already on the list. Certainly not maximizing all cafe revenue streams.
Why have we not removed alcohol from all locations then to sell these highly sought after “virgin” bougie drinks? Obviously they cost more, what are we waiting on lol! They should be driving revenue through the roof. This is a breakthrough!!
Well surely this location should be bringing in more money than the locations that DO sell alcohol. We should expect PROVO to outsell and the other locations as well as TUCSON,
Lol okie dokie
Yes I will take a $13 cup of juice lol!
Why does management lie?
This $13 drink will not be sold at Provo for the Valentine’s Day Holiday/week/month. It was nice to see the usual 4pm tweet right at market close trying to secure nobody sees anything during market hours. WEAKNESS!
💕🍹Love is in the air with our Toronto February Cocktail of The Month, Love Letter! Inspired by the board game, Love Letter is crafted with Whisky, Lemon, Raspberry & Peach Tea! This cocktail is sweet, smooth & bright! pic.twitter.com/ISxDZpJtXi
— Snakes & Lattes (@Snakesandlattes) February 1, 2023
If things continue the way they have the past few years it’s a stagnant pile of poo with extremely low interest only from peeps that have been here for years. There is next to 0 new interest. Most have more shares than they need or want but HAVE to average down and down and down to make it not look so fricken bad. Check the volume. Faking posts on boards to get in most read boards is going to do zilch. It’s in managements hands…..they are well aware of where they suck they have been told many many times. They have also publicly and privately acknowledged this. They have also told mikes of LIES. It is redundant and a waste of time to smack them fools with it over and over like it’s new news because they don’t want to hear anything. They keep suckering people along dangling carrots and executing and following through on mostly nothing they say and claim. They are the weakness that has stagnated this stock to almost non trading levels. It is pathetic and they are to blame. Quarterlies and a cafe opening is not going to boom us anywhere. We are almost without pulse.
Someone made a FUNNy. I read this on another FUNN forum….
“$FUNN resilient stock”
“$FUNN heading to. 02 soon.”
Is this Roger “SOON?” aka NEVER?
Not if they can’t get they sht together and stop publicly releasing miss information. Without NEW interest this is going nowhere.
Helping the pubco side zilch. Good thing they are well aware it needs attention.
“As we continue to grow and expand our brand, it is more important than ever that we are effectively communicating our message to customers, shareholders, and the general public, and Anaïs is just the person to lead that charge,” said Snakes & Lattes CEO Ben Castanie.”
So Anias was supposed to also communicate to shareholders as it is “more important than ever that we are effectively communicating our message”.
https://finance.yahoo.com/news/snakes-lattes-inc-names-marketing-133000291.html
Then Ben communicates the following in the Q&A.
“Communication to Shareholders has never been part of Anais prerogatives.”
https://www.marketscreener.com/quote/stock/AMFIL-TECHNOLOGIES-INC-120787605/news/Amfil-Technologies-Snakes-Lattes-Inc-provides-responses-for-Q-A-41373234/
What a bunch of dangling carrot BS. So which one was the LIE?
Nice 4pm tweet today. Geeze it’s like they do everything possible to avoid shareholder attention. GREAT volume day.
People also tend to excuse the myriads of bs the company has paid to PR over the years that never fruited because they are horrible at follow through and execution. Great use of TIME and MONEY. Just imagine what a better position we COULD be in if the didn’t waste 3 years completing 2 years of audits only to ABANDON them.
At least Rogen did the things he said and HAD a BUSINESS PLAN. They sure handed him a mess and he is missed. Great volume today though.
They have fed us so much bullshit not sure how anyone can trust anything they say. Closing in on 2 years with NO CEO.
“World Domination”
They better find new locations before these mystery investors they “have” for funding take their capital to a business who is run with people who know what they are doing. Hoping Ben is not looking at another Provo “Good Move” type location that doesn’t even carry the Snakes and Lattes name.
Communication is going to improve!!! YEAH OKAY! Because Roger and Ben claimed it. Fine example of bullshit just like the new Twitter channel. They erased the free Twitter shareholder outlet directed toward shareholders. That is another LiE from the ones we are supposed to NOW believe. Okie Dokie!
Like Roger different? Can believe what he says now? All of a sudden? Because all the other BS was in the past and supposed to be “forgotten”.
World Domination LOL! Not with these 2 running the show!!!
Lol.zzzz true but the batting average is almost in the negative, embarrassing. Sucked a lot of people in with miles of bs that NEVER happened. Mostly because they talk a big game but rarely deliver. The audits is a fine example. Why quit after 2 years of audited numbers? They suck at follow through. Still waiting for the new Twitter channel that could be completed in5 minutes……at NO cost need I remind. Why do they NOT want a investor following? That’s where JRF came from…..and he was the best thing to happen to this company……Rogen was next in line. Ben and Roger have fumble fingers.
I don’t recall saying they weren’t. What I do recall saying is management follows through on most of nothing they say. I also recall saying we need EXPOSURE/COMMUNICATION that they are very well aware of but leave us shareholders in the muck without hardly even a pulse. There is much to blame so there is that. Mostly on the things they say and are aware of, claim they are going to fix, but never do. That is a strait up LIE so there is that. Hard to trust much of anything when the trend seems to be based on wishful thinking instead of actually carried out.