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It's clearly not the mountain of geniuses running the largest and most successful corporations in the world.
Or perhaps seasonal-gelato-stand-owner Malak is smarter than all of them. <sarcasm>
"pro side" = VPLM insiders & lottery ticket holders. Not the rest of the world.
Who is going to buy VPLM for the billions and billions Malak claims/thinks this is worth? Nobody.
This disappointment here is Snakes & Lattes is a seemingly great concept. They were on the precipice of success with the franchising they collected money on years ago before bungling the audits and financials. They had everything going for them at that time. There's no reason there couldn't be hundreds of these across North America other than inept management that simply doesn't know how to get it done.
Rogan was on the right path IMO by terminating all of the random throw-shit-at-the-wall attempts at side businesses and trying to drive the focus to the cafes exclusively. I seriously doubt current management will be able to keep Roger from wanting to sponge up random side-businesses and "partnerships" going forward. They've already announced one mysterious undefined "partnership".
Why on Earth hardly-any-revenue Interlok Kings is still tied to this ticker is beyond me.
No real answer was ever given as to the termination of distribution. Though reading between the lines the distribution portion of the business was the root cause for the audit debacles and probably why the last audited financials were 50% less gross revenue than the unaudited financials.
Keep in mind Ben supposedly has a Masters degree in this stuff. And the rest of the gaming industry posted record growth during COVID due to everyone being stuck at home looking for something to do.
I guess those are probably the answers.
FUNN's problems aren't due to COVID but management's failures which predate COVID by years.
So it's not because of settlement negotiations for billions of dollars? But because they sued the wrong company?
Every little bit of potential revenue helps. But it's not like they just opened 5 new cafes, they're just planing on offering a subscription. I can't imagine that's going to add $1M in annual revenues.
"HUGE"? Really?
Woohooo! VPLM won their first court case ever! Unfortunately it doesn't earn VPLM any revenue, though it certainly cost shareholders $600k via the related court loss, plus all the attorney costs over the years.
AS increase incoming, only 778,434 shares left.
AS: 750,000,000
OS: 749,221,566
https://www.otcmarkets.com/stock/FUNN/security
Was over $100 mere months ago.
FUNN would franchise if they could. But they've #%^*! up the financials and accounting so badly they simply cannot.
That's the real story.
FUNN wants to franchise. They clearly tried, including taking franchisor deposits and attempting audits. It's just that they're too inept to be able to meet the requirements to do so (the audit debacle).
Yeah, Koh definitely didn't assert VPLM'S claims were unpatentable under Alice, which was upheld upon appeal. <Sarcasm>
It must have been our imaginations.
Invalidating the claims effectively invalidates the patents.
Uhhh, VPLM literally *ONLY* has expenses.
FUNN acquired their [likely failing] Chicago game cafe. Terms were never disclosed.
Years ago FUNN was also the Candian distributor of Cards Against Humanity but has now totally killed off the entire distribution business. So they have some amount of history doing business together.
Who thought vaccine approvals would drop PPS 80%?
Q) Your stock is down about 95% since mid-2017. I am a former shareholder that was hurt by this performance. Why should investors look at your company now and what assurances can you give for enhancing the value of your stock?
The best way to enhance value for the company in 2022 and beyond is to focus on our locations.
ThispartnershipwillbeanentirelynewtypeforSnakes&Lattes.From our due diligence, we believe this can become a significant future revenue stream and a high growth opportunity for Snakes & Lattes. We are excited to share details soon.
Hey! here are our answers to the latest Q&A.https://t.co/wDuy5qQ9nx
— Snakes & Lattes Inc. (@SnakesLattesInc) January 19, 2022
Only 2-3 weeks from the next financial filing. Usually dips then pops before the filing hits the wire. Let's see if the PPS follows that same cycle.
Pretty concerning it's broken new 52 week lows. Little odd considering the monumental revenue growth the company has achieved. Now trading a 2-3x future gross revenue which is extremely low for adtech much less one constantly posting huge growth.
FUNN has never posted 8 figure revenues. The additional cafes should obviously add something to overall gross revenue, but FUNN has also terminated a variety of other revenue streams related to distribution and publishing.
Seems like it's going to be quite a while before we see any type of financial filing that illustrates the real non-COVID revenue potential based on the current state of the company.
Pretty easy to see to me that this doing 8 figs in revs...
$1 would make this a $1B company. Not going to happen anytime soon.
I've seen plenty of pennies run to a buck for no reason
Again, Guelph and Tucson were supposed to open well before COVID existed. To suggest FUNN management didn't open them because they're great planners or smart is rediculous.
What else could it be?
* VPLM realized they made a mistake in their filings, filed for dismissal without prejudice.
* VPLM needed more time, filed for dismissal without prejudice.
* VPLM decided it doesn't want to proceed with the case, for whatever reason, and filed for dismissal without prejudice.
In all of those scenarios, VPLM has the right to re-file in the future, if they choose.
What doesn't support the narrative that VPLM has the defendants over a barrel and is reaping millions/billions in settlement cash is that Twitter has settled with VPLM and VPLM's *cough* super lawers *cough* forgot to detail that the settlement precludes the defendant from suing VPLM for attorney fees which are likely in the millions. Instead, Twitter is literally suing VPLM for attorney fees which is exactly what defendants often do after beating the plaintiff.
Yes, obviously it was dismissed contingent on possibly a few things happening or it wouldn’t of been dismissed “without prejudice”. If not, then it would of been “with prejudice” and finalized.
Which yes, equates to a settlement of some sorts, if certain agreements are meet. IMHO
What else could it be?
2 of 3 were pre-pandemic cafes. Claiming they opened those 2 "during pandemic" is totally ignoring the fact they were supposed to have opened before COVID was a word in our vocabulary and were in fact grossly behind schedule.
Impressive that the company added 3 new locations during Pandemic.
Plaintiffs can file for dismissal without prejudice on their own (effectively stopping the suit), both parties can sign on to dismissal without prejudice. Anyone can Google these facts.
These simply happen to run counter to the claim VPLM has gained money via settlements that "must" be occurring because of "without prejudice".
Either way it will be interesting once the details are made public.
Plaintiffs commonly dismiss without prejudice due to bungling their filings, needing more time on their end for research (or whatever).
Plenty of potential reasons other than defendants caved to VPLM'S genius and gave VPLM billions of dollars... But VPLM cannot speak a peep about it as it's secret... Even though these public company's financials are all published for everyone to read.
As stated multiple times "without prejudice" simply means the case can be re-filed in the future. It does not mean that the dismissal is in any way favorable to VPLM.
Yes, dismissed not in VPLM'S favor. As the fact one is still suing VPLM for attorney fees. And the fact VPLM has said exactly zero about any of the dismissed cases.
I believe most can figure out, why the cases were dismissed.
Wait, whaaat?
Unfortunately, Judge Albright just invalidated the first patent under the Alice Rule, in Waco. So, there’s no guarantees in his court.
Everyone realizes Pixelmags the company no longer exists, right?
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.
Does not necessarily equate to $$$ for VPLM which is what people here assume “settlement” means.
Lowering the bar. Confidence is in the gutter.
Any time this could sky rocket to a penny & a half !
Charts say otherwise "be a buyer not a Cryer"
FUNN is constantly lowering the bar. Expectations and confidence are extremely low at this point.
For example, FUNN has gone from audits and franchising to "let's hope they can file on time and make it a year without Yield or Stop signs".
Franchising would be the correct asset-light operational-leadership effort, and it would be Snakes & Lattes specific, all corporate controlled, and building the Snakes brand.
The company is looking for traditional, bring a new concept to market in California with some terrific partners who are well known in the hospitality and video game industry, and we couldnt be more excited to share that theyve secured seed capital, and were putting together an operating agreement that will mean an asset-light revenue stream for us as a company. They value our position as the first, biggest, and best board game restaurants and bars in North America, and we are truly humbled to be working with them to bring an amazing concept to market. We will be operating partners and will get an equity stake in the new venue in exchange for operational leadership and expertise. The first milestones have been hit, and as we get closer to going public with this partnership over the coming weeks, we will keep our shareholders in the loop.
https://www.otcmarkets.com/stock/FUNN/news/Snakes--Lattes-Inc---Quarterly-Update-to-Shareholders---Q2-FY2022-OTCFUNN?id=337941
His first order of business was to change the menus and require more complex recipes and skiiled cooking which has nothing to do with thinking like a CEO of a multimillion dollar public company and everything to do with being a chef and thinking like a chef.
PPS says otherwise. And has for a long time.
we are doing fine without one
It is. But illustrates unprofessionalism when FUNN needs to do everything it possibly can to build back some confidence management actually knows what they're doing. Inability to use proper English doesn't help that cause.
I'm sure they have some English majors working the cafe's they could have proofread documentation prior to publishing at no additional cost.
And content is more important than grammar checking