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Has anyone talked to Ben or others in management about their plans for the stock, A/S, etc? I've emailed but have received no response.
Yes! And let's spread the news around so we get new eyeballs. This could really run if new investors find out about it...
I agree and I urge you and all shareholders to contact Ben directly. I have several times, but maybe if he hears from all of us it will stick one of these times. Be respectful but strongly suggest he and the company need to focus some energy on the public aspect of the company...
Yep not sure what their deal is... they put up good news, tweet for a day, get a dab of momentum, then.... silence.
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Who said anything about pump 'n dump or toxic financing? I simply said they need to tell their story in an honest and persuasive way to the investing world. On this I don't think there can be any debate... just look at shareprice. It says it all...
The disconnect between the company itself and stock price precisely highlights the company's failure.
I know, sp price will catch up eventually! First, it hasnt in almost 5 years. Second, assuming it eventually does, what will outstanding shares be at that point. It may be too late. Just think how much more they could get in return for shares if sp was 5x higher, 10x, 20x... Not focusing on share price is playing an extremely risky game in my opinion.
Did he tell you why he left?
Why do you say that? I hope you're right but we've been wishing that for nearly 5 years....
Let's hope management recognizes the momentum and helps it along...
No news yet :(
DFLY I appreciate your optimism, but look at the 5 year chart. Until management focuses on IR I expect more of the same. I again urge all shareholders to email Ben and request they focus on the public aspect of the company...
I agree so long as they recognize they have fallen down 8 times. Here, the company doesn't seem to even acknowledge how bad it's been with investor relations.
Sounds like you have a good relationship with Ben. Hopefully you can "educate" him on the importance of supporting shareholders by hiring someone to handle the public aspect of the company :)
Garnering awareness of the stock and consistently communicating with shareholders and the investment community at large appears to be something they simply don't know how to do. Managing the public side of the company appears to be sooo outside their competence zone, its actually kind of ridiculous that they're public. They run it like a private company. Honestly, I think they forget they're public for long stretches of time...
I've reached out to the company so many times about this and nothing changes. I urge everyone to reach out and repeatedly stress they cannot ignore the public aspect of the company. To some degree it's understandable that a young company is ignorant to the equity markets, but they must admit they're ignorant and hire someone who understands them. It's that simple....
This is a perfect example of management dropping the ball in its communication... whether this is a big issue or a small one, shareholders in a small public company need to be updated on things like this. Management obviously doesn't think so, and if argue one reason their stock price is in the toilet.
Answers to shareholders Q &A are up...
Patience....lol. its been almost 5 years...
I did at .09 cents and now feel like an idiot... To be honest, I feel duped. Roger wasn't perfect but at least he focused energy on shareholders. Then at a certain point the company simply stopped communicating and the stock has been in a free fall ever since. This is not just frustrating, but actually a breach of their fiduciary duty imo. A public company HAS to focus on its shareholders and the public side of the company. They simply do not...
Tell him a real CEO would focus on the public aspect of the company, share price, getting new eyeballs, etc... stock price has been beyond horrendous for almost 5 years now.
I'm sure Ben has a good amount of knowledge of the board game industry, but you can't run a public company while ignoring the public part...
Unfortunately they haven't provided consistent news in 4 years (with brief exception of Rogen)... stock price reflects this
Hey Juancy... how about Aaron? It seems to me he is on the way out, or that his role is at least changing?
It sounds to me like Aaron may be on the way out. He's not listed on the website and is telling investors to contact Ben moving forward... what this means exactly for the business is anyone's guess.
Which email did Aaron send this from? Any email I've received from him was from his official SnL email which had the signature "Regards, Aaron McCay". In your email, he wrote out "Thank you, Aaron"??
That would be nice, but what indication do we have that will happen? It sounds like they have zero US presence, though fraudulently indicating they do on their website. And assuming they are in China, it sounds like the government there is not allowing them to operate. Am I missing something? I sure hope I am...
Did this mean a minority SH will be partnering with FUNN? Trying to decipher this message....
Thanks. Yes that looks to be a condo which sold. Not a great sign: #1. It's a condo, #2. that it sold. My guess is they have no individuals located in the US, which again is a bad sign. They're incorporated in NV, but NV law provides a lot of privacy protection for companies, probably why they chose NV. None of this is looking good.
Any additional info is appreciated...
Do we know if any of the management team or board is located in the US? Looks like they're incorporated in Nevada? And list a California address on their website. Is this all a facade? Or legitimate?
My two cents:
Pros...
1. Great concept, especially in a world where people are pining for personal interaction
2. Aaron seems to understand how to run a restaurant/ bar. He has good experience and says he has close mentors who have run large, successful venues. This gives me confidence he and the team are good at the day to day running of the cafes.
Cons...
1. Management has little experience running a public company. They dont seem to understand the ebbs and flows of the stock market, particularly the communication needed to get attention directed towards a pink sheet stock. Communication to the investment world, trying to attract new investors has been lacking. Also, communication to current investors needs to be improved. I understand they have limited resources, but getting the stock price up has benefits for the company as well (below).
2. Failed subs. I have no problem trying and failing on certain things, however, not capitalizing on the board game craze during covid worries me. I thought the distribution business would've been a homerun. Again, communication on what happened here has been lacking.
3. Shoe string budget. This goes with the territory with a pink sheet, however, if they could attract new investors and get stock price up, they could raise more money for fewer shares.
4. No audits, thus no franchising / slow expansion. I'm worried that because the concept is so good, a major player could come in and take over the space. Imo we need more urgency with expansion.
In the end, this is a pink sheet company with a lot of risk. They have a great concept, but need someone on board who understands the equity markets, and is solely responsible for investor relations.
Do we know if any of the management team or board is located in the US? Looks like they're incorporated in Nevada? And list a California address on their website. Is this all a facade? Or legitimate?
Roger hasn't been CEO in quite awhile... lol
From my understanding FUNN bought the Chicago Board game cafe from the owners of CAH. Our COO works out of that location so he is on the ground there. I think FUNN is definitely in the right space at the right time; just need covid to subside and pour gasoline on expansion and this could explode.
Nice to see a well written, informative PR. It was much needed.
I truly hope they ramp up expansion at a fast rate. That alone will add a lot of value here imo. Good to here John Fox is assisting again. Also, have some questions about the California partnership. Sounds promising albeit a little vague. Overall, good PR...
Agreed. Contact the company and let them know.
I used to agree but we've been saying the same thing for 4 years and it continues to go down...
That's great! Are you able to elaborate at all?
The Amfil technology twitter promotes the stock and investing, which is the proper place. Each snakes and lattes location should also have its own twitter page where the restaurants and games are promoted. They are doing this properly imo. Not nearly enough engagement, but having different pages for different purposes is correct.
Who knows what this stock is going to do. The potential us there but the company has lost control of its messaging to investors.
Unfortunately they neglected the public side of the company for years. Now the chickens have come home to roost. The company still has a lot of potential imo, but what they've allowed to happen to the stock price and shareholders is terrible...
Keep contacting the company like I do. We need to keep on them to give attention to the public side of the company...
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Bottom line: Stock price has plummeted for nearly 4 years. Chart is in a nose dive and shareholders get little protection from management. We can discuss potential all day long (long lines, streamlining processes, new menus, etc), but the one metric we all care about has been a disaster.