All of my posts are only my personal opinions and should never be taken as fact or advice by anyone.
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Not only that, but imo the action we're seeing (up 20 cents today AGAIN) tells us that there may be other positive things going on that we're not aware of.
Yeah 100% agreed...and tbh this is exactly the market environment where a headline EPS beat of like 75% can be huge for the stock price
Especially in the midst of this market exuberance...everything is exploding...renewable, fuel cells, good long-term receivables, good partnerships, I could see this running to 5$ in short order.
1B$ is is LESS than 5$. This could easily double from here if earnings are a beat and long-term outlook is good. 1B$ seems reasonable if CEO announces good long-term prospects.
I'm not saying it can't be counted under revenue....it may well show up as revenue. I'm just saying assets will also come down by the same amount since they're selling an asset. But that doesn't matter so much since this company has like 20x that in assets and 150x that in long-term receivables.
Garbage management, garbage execution, garbage rate of growth... = a garbage share price. 1 penny per share and still no demand speaks for itself. See you at subpenny again
But assets will come down by the same amount, sale of assets isn't the same thing as revenue
Yup, large losses
Just bought in last week at 2.15$. Looking great so far.
Not sure about that leaseback claim though -- any gain in cash would be offset by a corresponding decrease in assets.
Lmao continued growth
I like when he said that the changes wouldn't delay it.
It's already 12 months delayed dude lmao
Hi, why do you think earnings will be blowout? What's your estimate, (if any?)
This one is indeed looking really strong. Couldn't see it gaining like this if there were indications of a bad report coming out...
Good one
Absolutely...price is where it was 4 years ago, but share count is WAAAYYYY higher....so I guess there was some growth lol, just not the right kind...
Haha, is that why stock is subpenny?
Bwahahahhaha
Lmao...so you have pics of smartcast and other stuff but you're keeping it a secret, and there are no patents, or publicly available pictures/proof from the company, and in the just-released Q there are no revenues, no assets, no cash, nothing.
Ok
Wake me up when this company actually sells a product which isn't a sock they leased from noble biomaterials, lmao
I wonder if anyone ever got their free hats and stuff lol. In fact I wonder if anything this co said they would do in 2019 or 2020 ever happened.
I wonder if mj production in Colombia is stalled nationwide as they wait for Scambrose's miracle gro3 tech. Haha
Lol, sure. Pics, links, any proof?
Didn't think so
So...jack shit in assets, jack shit in revenues.
What a surprise
Yes I'm sure swing traders are making millions on this stock which trades <10,000$ a DAY.
Oh wait...
Thanks
Why take "risky oil stock" Exxon Mobil (lol) over a CD? Idk, maybe the 8% dividend? Lol
The point is in this environment where many solid companies have depressed stocks, there's not much point gambling with subpenny lotto plays like FUNN when you can easily lock in ~10% annual investment income while sticking to blue chips like Exxon or AT&T which is yielding 7+% right now.
The opportunity cost of buying a turd like FUNN is wayyyy higher than it was 1 year ago.
Hope this explanation was simple enough
The big quarters from distribution were actually due to accounting errors, that's partly why the audits took so long. Reselling board games isn't where the money is here, it's in the cafes.
Amazon firing on all cylinders, just gained 400,000,000,000$ in market cap in the last couple months.
Meanwhile FUNN continues to languish around 1 penny.
That's the difference between good management (Amazon) and bullshit management (Amfil).
Even at the pathetic price of 0.01, FUNN still doesn't trade more than 10,000$ a day. No one cares about this stock.
Maybe at 0.005 people would consider buying, but who knows. Maybe buyers are waiting until 0.0025?
Actually, they don't "usually" report anything at all, they've generally been a dark/defunct non-filer for the past 2 years.
Big changes are needed at FUNN before they can expect to have a stronger stock than one trading just over 200k shares at 1 penny lol
Because all 4 cafes are currently closed...these financials don't reflect the current situation with the closed cafes.
With no revenues coming in and 200 people on the payroll, there's a good chance the next quarterly financials will have lots more debt and convertibles to cover that deficit. There's a reason this thing is at 1 penny and still barely anyone is buying shares. Bankruptcy is a MAJOR risk with Snakes in this environment.
The only question in this environment is, why would anyone buy a subpenny stock with major bankruptcy risk when they can be getting an 8% dividend with Exxon Mobil? Or if they have more appetite for risk, something like The Gap for a 13% dividend. But why Snakes, which yields 0% income, and has been buried under convertibles, major dilution, and incurred massive net losses BEFORE THE LOCKDOWN EVEN STARTED?
Again, there's a reason this is trading where it is.
Why is it still pink then
No it's not, because it doesn't exist
Has anyone ever been able to actually get a straight answer from scumbra? The guy spends hundreds of hours on the phone with shareholders, has no one ever confronted him about why nothing ever happens here and the PRs are bs?
Lol what? I'm saying SCUMBRA should drive the price up by actually running the company properly.
How do those .0088 shares look?
Lol
Still has the two random lesbians I see
Awful graphic design, just awful. 2/10
Not really...Umbra destroyed millions of dollars worth of shareholder equity by committing outright securities fraud and stock manipulation. He's lucky to be getting off this easy and not face harassment and legal action (yet)
Exactly....dorks have been talking about secret DD coming to light here for 5 years +++
Lmao "correctly disclosed", we've been hearing conspiracy theories every day lmao