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True, just trying to put some perspective on the negative profitability narrative. Things are moving in the right direction, IMO, even though certain things are taking a little longer than expected. We cannot even go by 2017 revenues since it was the result of the then popular CAH game (an anomaly) and the distribution division, which is no longer around.
So yes, good to see increasing revenues, higher customer turnout, no dilution for almost a year, and plans for more locations on the horizon. I guess I have no need to be checking Pacer for the BK report at the moment.
$FUNN
Revenues growing and even though I expected to see a negative net income this quarter, it appears to continue on its way down on a yearly basis, as COVID is now in the rearview mirror and the focus remains exclusively on the S&L locations. Hope to see the trend continue and eventually see net profitability be the norm within a few quarters as more locations are added. GLTA shareholders!
$FUNN
SNAKES & LATTES INC. - Q3 FY2023 POSTS CONTINUED STRONG GROWTH
Press Release | 05/15/2023
https://www.otcmarkets.com/stock/FUNN/news/SNAKES--LATTES-INC---Q3-FY2023-POSTS-CONTINUED-STRONG-GROWTH?id=400783
SNAKES & LATTES INC. (OTC: FUNN), owner and operator of the first and largest board game entertainment venues in North America specializing in full-service bar / restaurant offerings, today announced financial results for the quarter ended March 31, 2023 (Q3 FY2023).
Key Third Quarter Fiscal Year 2023 Highlights (All numbers are in USD)
Point proven...the narrative shift.
In the meantime, Q3 fins should be out this coming week. GLTA shareholders.
Also, Happy Mother's Day to the FUNN moms!
$FUNN
Well, it's always preferable to have proof before making assumptions. Roger was the first to respond to my email inquiry about the FINRA name change situation (see below). I am not here to gaslight anyone or to spread misinformation so people are free to believe whatever they wish. But let me guess, it's B.S. now because it's coming from Roger so a quick narrative shift is on the way...LOL!
The reality is that they stated that they are working on getting the name change done via FINRA despite any claims to the contrary. Just because it's taking longer than expected it will of course be viewed as negative and that "something is very wrong with the company's history" that it hasn't happen yet, but unless we know the details, everything is speculation until the company can update us.
Regardless, the process seems to be taking longer than usual in general.
For example:
https://securities-law-blog.com/2023/05/09/changes-to-finras-corporate-action-notification-process/?hilite=complaining
Agreed. Take profits when the opportunity presents itself.
$MRGE
Attorney letters usually follow a few days after filing yearly fins.
$MRGE
Thx Penny and also for the correction. I failed to see that the quarter ends in April so that gives MW another month to file, but just glad to see they are all caught up at the moment.
$MRGE
That's pretty amusing right there...Thx for the laugh.
Now that MW is caught up with the filings, let's hope that the quarterlies due now in mid-May doesn't take another year.
$MRGE
That's good! Let's see what happens eventually. I have nothing else to add so back to the sidelines until we see what transpires.
Like they say, opinions are like belly buttons, everyone has one. No need for me to speculate what will happen either way, but at least there is ghost of chance something positive will transpire after it begins trading again. GLTA frustrated longs!
$MRGE
Well, governments created the issue in the first place with the shutdowns so it was only fitting that they did something to avoid mom and pop shops from going belly up. Obviously, this goes against what capitalism stands for, but IIWII.
The company has gotten this far, even after endless claims of bankruptcy, R/S, endless dilution, stoppage of reporting, etc, but in the end, nobody knows what will happen here. As a shareholder, I want nothing more than to see them do well and succeed.
$FUNN
Actually, the buyer did go up 1/10 of a penny and bought out all the $.012 earlier in the day, then sat on $.011. Could they have gone up 1/10 again? Sure, if there was a seller. There were only 30K shares at $.012, where you say the buyer should have stepped up to. So they would buy 30K shares, then become the bid again, at $.012, and the question asked would then be why doesn't he go up 1/10 of a penny to $.013, where there was only 33K more shares available. So now the buyer would own only 66K shares of the 500K he actually wanted, and still be sitting on the bid, but at $.013 instead. And again the question would be asked why he doesn't go up to $.014 and take out more. Now you are talking almost 30% higher than his current bid of $.011.
Tell you what, if you put 500K shares at that "higher" price of $.012 that you said he should buy at, he'll gladly take them. He just won't take 30K shares. Or you could sell 500K to him at $.011, and take 1/10 of a penny less. Either way, if you want him to go up, give him a reason to.
Hope that answers your question. You want him to step up 1/10 of a penny, from $.011 to $.012? Great, put some shares there tomorrow and he will.
$FUNN
And where are the sellers that want to get out so badly with a big bid ready for them to sell to, at a price higher than it has been for a while? Can't believe no one will sell at .011 if this stock is so bad.
$FUNN
What I mostly care about is what is going on with that all-important metric called the VWAP. I can't sleep at night jist thinking about it. Nothing else matters here...
$FUNN
Things to do: Check out some of the Valley’s most unique, must-see bars
https://www.queencreeksuntimes.com/local-news/things-to-do-check-out-some-of-the-valleys-most-unique-must-see-bars-6706990
Nope...just typical Pinky trading..
$FUNN
I think you misread my original response. I always stated that Roger is irrelevant at this point since Ben is in the one in charge now. My original point was that Roger is to blame for some of the past failed initiatives as well, that's all. An example is the cannabis dispensary. But then again, who cares at this point unless we want to dwell in the past.
$FUNN
We know this already, that they have announced initiatives that never panned out. We can all agree that's definitely on Ben and Roger. This is is one of the reasons why I have brought it up numerous times to them so hopefully they are finally beginning to learn their lesson.
But what good is focusing on that going to do when they are well aware at this point? The important thing should be closing the gap when it comes to losses and moving the needle towards continuous net profitability. Time is all that is needed to see how things pan out. So I continue to wait patiently...
$FUNN
The likes of these people only serve to stifle innovation. They fear anything they can't control and/or understand. Sad really...
$ETHUSD
Welcome back, Will!
I think so, but don't go by what I say or anybody else says for that matter. Based on past experience, it is difficult to have full trust in management, but personally the next few quarters should be telling, especially that COVID is in the rearview mirror, new locations are slowly coming online, and the focus has now shifted to the game cafe locations. I am hoping to see consistent net profitability in the next few quarters now that they have banged their heads against the wall quite a bit already.
But I'm not a fortune teller, just someone who remains optimistic about the game cafe concept. So here is to hoping that the worst is behind us and good luck on your decision.
$FUNN
Gotta love the doom and gloom drive-by experts. LOL!
$ETHUSD
I'm sure they are so looking forward to the ticker symbol change....It's coming...just a matter of time.
$BWVI
Shapella upgrade rolled out yesterday afternoon to go full staking. Love my $ETHUSD.
https://www.google.com/amp/s/cointelegraph.com/news/ethereum-s-shapella-hard-fork-executed-on-mainnet/amp
No communication = Nothing to report at the moment
$FUNN
I'm not sure if anyone noticed, but they increased their game fee to $10. That's a nice increase in revenue without any costs.
📣 Starting April 3rd, our game fee admission will be $10. We strive to create a fun board game experience for our guests and will always ensure you benefit from the best games, service and environment. pic.twitter.com/8f5T0jf0Rj
— Snakes & Lattes (@Snakesandlattes) March 31, 2023
I don't expect any kind of razzle dazzle at the moment, but if we do get green days here and there, I'll take them.
The company is on the right path, IMO...not yesterday when so many initiatives dried up, but today with the focus on the S&L locations. Hopefully they continue on their path to profitability and more expansion.
In the meantime, I belive it will be a while before we see the outcome, so I continue wait patiently and let things pan out...GLTA!
$FUNN
Silence is golden when it comes to opinions about FUNN. I prefer to wait patiently and see what transpires here in the long haul since it doesn't matter what I think is going to happen. Anyone who wishes to waste their time checking the daily Pacer banktuptcy report can do so.
We are now coming out of pandemic that ravaged the entire restaurant business, yet here we are with FUNN having 8 S&L locations today still attracking customers who enjoy their enterinment/dining niche. I live in the present and would rather focus on the possibility of seeing the cafes succeed, despite all past failures and having a few dissapointing leaders. The company has already dropped all the dead weight (the past) and concentrating on the locations (the present and future).
I mean, really, why would I want to be predicting failure (with and without satire) especially with all the hard working personnel trying to grow and steer the cafes in the right direction? Makes no sense...
GLTA shareholders and Happy Easter.
$FUNN
Someone predicted this would be in the hundreds by January 15th, 2023. Well?
$ETH.X
Q3 2023 now closed...We'll see in the next 45 days how things are going....
$FUNN
I sure wouldn't be here if I'm going to be suffering and dwelling in the past, especially a Pink sheet stock. I would have sold at a loss and be done with it, especially if I didn't like the fact that they are now focusing solely on the S&L locations. Just my 2 cents.
$FUNN
I'll ask a simple question. Why are we dwelling on the past when the CEO who made all those promises is no longer at the helm?
They are building something good and positive now, focusing on the board game cafes. Even the lack of P.R.'s is telling...they don't want to mislead shareholders, IMO.
$FUNN
Hate to say it, but this overshot to $.235 on speculation and momo. No way it was worth that much with what they had at the time.
$FUNN
Sorry, but audits are not going to do anything for a Pink stock. Profitability or MOMO will though.
Many companies in the Pinks have audits and it doesn't do anything for the stock...So no, I prefer no dilution to pay for audits...sorry. IMO, they should do it when they can afford it.
$FUNN
I guess my statement was warped into something completely different about what could have been with the many other failures lumped in, but my statement was referring to their true bread and butter, the S&L location expansion. They definitely have the best chance to bring in profitability at some point and that is exactly what they are focused on and doing.
So nope, none of that changed my mind since the dissertation has nothing to do with my statement about the S&L locations, which are creating a stronger foundation for the company's future as more come online, despite the PPS drop from the all time high in 2017. And better yet, they seem to be doing it lately with favorable interest rate loans and without having to dilute the heck out shareholders. Yup...definitely a much stronger position in my book today than in 2017.
$FUNN
So if the numbers do continue to look better and better as we get more quarterly fins, should we continue to feel frustrated? Or do we finally begin to accept the fact that things may be indeed changing for the better?
I rather wait to see what happens. Audited fins should resume at some point when they can afford it. I hate to see dilution to pay for audited fins at this time.
$FUNN