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General increase was announced in last financials. It’s supposedly posted on NYSOS.
They were updating the OTC page every couple of weeks but stopped right after the AS increase was mentioned. We’re going to find out sooner or later, dunno what the secret is.
It certainly could be good. Just need FUNN management not to blow it with random side quests and stay narrowly focused on cafes and getting the damn financials in order. Prove to investors they can actually execute on these goals.
Consitently.
Successfully.
Repeatably.
Without distracting, random side quests.
The current trajectory is quite good.
If only there were a way to prove that. Like audited financials with each location broken out.
It will be more than it is now and be more successful. FUNN has a way of doing that !
Sounds like they're giving up RLF-100 outside the US. Which was all the original agreement specified.
...the Company will narrow its geographic focus on strategic priorities that are principally based in the United States. These are the development and approval of ZYESAMI® (aviptadil), for treatment of Critical COVID-19 and other applications, and advancing the Company's psychiatric portfolio, including NRX-101. The Company will also continue to evaluate the global market, partnership, and development opportunities for the BriLifeâ„¢ vaccine for the prevention of COVID-19...
Market cap is approaching 2x trailing revenues which seems rediculous for a company smashing triple digit growth. But what do I know?
Adds to the negative fodder for sure.
On the plus side maybe they won't immediately shutter it for 18 months for a rebranding.
Now we are acquiring properties that will lack the snakes and lattes true brand which is a questionable move imo.
The court case was the only thing giving anyone hope this still had life. Now what does anyone have?
* Pixelmags is out of business, doesn't exist
* Vert Capital doesn't exist, after they scammed millions from handful of OTC tickers they all left for other scams with new scam companies
* No idea who even owns this dirty shell at this point
Had two years of COVID downtime. And "millions" in revenue and dilution to play with.
certain things being demanded require both time and money
Oh boy oh boy two whole pennies?!
As huge shareholders it's in their best financial interests to have quality, experienced leadership running the business. With real leadership FUNN could have millions in ARR via franchise fees by now.
They really, really don't want to update the OTC page with the new authorized share count.
https://www.otcmarkets.com/stock/FUNN/security
The audio of Hudnell during appeal in CA made him sound horribly inexperienced, a poor debater, and seriously unprepared. That performance did not instill confidence.
It's not the cost of audits, but FUNN's inability to actually complete them.
Audits are the single best investment FUNN could make. Certainly, a better investment than wasting time and money on all of the failed and unsuccessful moonshot side businesses Roger keeps chasing.
* $30k per audit, drop in the bucket for a "growth company" bringing in "millions"
* Allows uplisting which theoretically increases PPS
* Allows franchising which is the key to exponential growth and recurring franchising fees
* Here's the kicker - they literally booked HUNDREDS OF THOUSANDS in franchise fees as soon as they started promoting franchising. How is that for a return on the minor investment of audits??? Those fees pre-paid for a decade of audits.
Again, it's NOT ABOUT THE COST OF THE AUDIT. But all about terrible management, terrible accounting, terrible bookkeeping. They've had YEARS to fix this and cannot.
Audits are expensive
Aaron came with the Chicago acquisition, he'd been working there since Apr 2018. I don't read too much into it. Though if he thought the job was fantastic, was getting paid well, and had amazing growth potential I doubt he'd opt to leave.
Aaron’s LinkedIn lists Feb‘22 end date with FUNN.
https://www.linkedin.com/in/aaron-mckay-7b172528
NVAX needs to produce and deliver product. Approvals are no longer the issue.
My feeling is that FUNN physically cannot pass an audit, as opposed to they don’t want to invest in completing audits. Accounting and financials have not been FUNN'S strong suit.
I'm sure none of them really want to field shareholder emails. Those emails cannot be fun to read day after day.
Yes
Hi Shawn,
You'll need to direct any matters regarding Snakes & Lattes to ben@snakesandlattes.com going forward. I wish you the best.
Take care,
Aaron
Forwarded to Ben no response, no surprise.
We traded Roger for Ben…..what’s the difference. Both trying to do more that one can productively focus on to be efficient which is why they need to hire an experienced CEO!
Again, it was posted here they were dismissed as VPLM sued te wrong parent entity. I'm not saying that's true, but my recollection is someone with pacer access reviewed the filings and that was supposedly the reason.
tell that to those attorneys who agreed to dismiss without prejudice, huh lol
Money talks. Increase revs, increase PPS, stop #$%@! up along the way, and all will be forgiven.
Takes a while to get rid of the bad reputation if that is even possible
So much growth looks like FUNN hitting new 5 year lows lately.
This is a growth company. Things don't happen fast !
Thought the cases were dismissed because.... VPLM sued the wrong entity.
My local area grown to 8 game cafe type establishments. There's a ton of opportunity out there. FUNN is just sl-o-o-o-o-w at grabbing the market. Franchising was the key to domination.
So many bogeymen. But management isn't on the list. Classic.
Congrats to FUNN for filing on time. The point is they are not audited, hence less of a reason they should ever be late, and no mysterious bogeymen is to blame when they are.
Someone asked for some positive comments about the latest filing. High praise is apparently expected when they finally file on time. Particularly since those unaudited quarterly filings are extra hard. Guess those years of repeated PRs about improving accounting have finally paid off! Gold star! A++++
Congrats for being able to file unaudited financials on time for a change. Monumental achievement!
Qs are NEVER AUDITED!!! TOO $FUNN EE!!!
Congrats for being able to file unaudited financials on time for a change. Monumental achievement!
Zero revenue, expensive lawsuits they keep losing.
That would be a $75M market cap. If they can perform audits that prove the books aren't shit and start adding 10+ operating locations per year maybe we could hit that someday.
At least there are some trades today.
$375.5M Q3, YoY growth of 324%.
2B doses were ordered. To start with. They simply need to be able to deliver.
AS nearly capped out 749,221,566
$365 billion in revenue and growing at double-digit percentages. What should the market cap be?
Apps no longer exist, website has been taken over, phone disconnected, it’s gone. As are all of the related companies.
The stock delisted and the shell is likely too dirty to be used again by anyone.
People invested in an uktra-speculative no-financials pink sheet run by known scammmers. This is why many brokers block OTC trades.
Apple isn't expecting billions LESS in revenue like Meta just advised. Instead we can expect billions MORE as Apple is on an awesome growth trajectory across the board.
Again, problems and decline predates COVID.
Stagnant? Charts show perpetual decline. For years.
We need a boost here. This stagnation is ridiculous. Management needs to do something to drive this and get some excitement here.
"unbiased" comes from reading the company PR, filings and financials, understanding the last few years of history and reconciling that with the multi-year charts.
I`m a newcomer to this board; hope to learn more
unbiased news about the company.