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And let's be honest when a comparison between 2019 to 2023 revenue is made. The reality is that revenue back then may have included retail distribution, Morning, and GRO3 sales, which is no longer the case for FUNN since they are now concentrating on S&L locations. These business were cut out by Rogen for a reason...they weren't viable. But even $1 of revenue for FUNN is more than what many other OTC stocks have even made in years (i.e. VPLM comes to mind since there are others familiar with that one).
$FUNN
Nope...but definitely waiting and looking forward to see what transpires.
$FUNN
That's why I stated it doesn't matter how the market is reacting at the moment, especially in the grand scheme of things. The company will do its thing and if they reach their goals, the market will be the one that will drive the PPS.
Besides, how many times can it be stated that this is a Pink sheet stock with limited resources, trying to claw its way out of a cesspool and distinguish itself. Yes, I agree that the type of market they are in and past mishaps don't help either, but they still have a chance to turn it around. It just takes time...
I'm not giving up just yet...Otherwise, why would I even bother to remain a shareholder and slam my own investment? So much easier to destroy something in seconds than to build something that is successful.
$FUNN
So the complain now is that the stock is down 11% on 18,500 volume 3 days after supposedly exciting news and that the reality has been shaped by 5 years of lies, deceit, neglet and complete and utter incompetence.
Okay, so good news came out on March 20th when we were sitting at $.0069 on the bid and $.0079 on the ask. After the news, we jumped to over $.015 per share. Today we traded down a little, but we are still at $.011 on the close. That's still up 39% from three days ago even after the drop today and here we are saying that news did not move it?
The reality is that in the past three days we are up 40%. The bid moved from $.0069 to $.0102 on the close today, which means up 48%. The ask was at $.0079 and now is $.011, which means up 39%. If we want to talk about "reality", we have to look at more than just the 3rd day and take into consideration what happened in the full 3 days. That is the reality I prefer to see, being up between 39% on the ask and 48% on the bid. Regardless, what happened in 3 days is really not the true reality either. In the grand scheme of things, the long term picture is what will become the true reality, to see how S&L locations and the brand are really doing when it comes to growth and the bottom line, especially post Roger as CEO....
We now have a fresh start, with an enphasis on the S&L locations and not being all over the place like they were in the past, so I'm willing to give them a chance to see how they do, yes, even 5 years later, specially with the plan Rogen set in motion for the future.
$FUNN
U.S. expansion team is still around. I mean, the proof is in the recent acquisition of the Virginia Beach location. (Did I mention that it was done at an unheard of 5% interest in this inflationary economy?)
And more are expected at some point, but things move at a business/opportunity pace, not at the pace we want, unfortunately.
Personally, I am glad that that dilution is under control, that we don't have to talk about an RS to stay afloat, and that the float itself has been steady for the past 2 years. During that time, I believe that there has been only one note issued. This at least speaks volumes to me that management is not here to screw over the shareholders and that things should be getting better in time, especially with COVID in the rearview mirror.
$FUNN
"That’s why people are salty"
That's also why Roger is no longer CEO. We keep dwelling on the past and not looking towards the future.
Yes, Roger was the CEO. He was putting out things that were just ideas instead of firm projects, which was a terrible way to do things. However, because he was putting out crap that never happened, some shareholders and location backers decided it was time for him to go. One of those people was Rogen Cchabra, who said that he would step in in order to clean up a large amount of problems brought about by Roger. He eventually became the new CEO.
Rogen did what he was supposed to do. He said in the very beginning that he was just a temporary fix and he was going to get the company back on track, and then leave. Later he said he might stay another year, and that was unfortunate, because he then decided to stick to the original plan and leave at the end of June. So he left.
At that point, Toronto decided that Ben would take the job, which he did. This gives us two conclusions:
1) We do have a CEO. Even if it is stated over and over again that "we have been X number of months without a CEO" this is not the case. Ben took over the position and we do have a CEO. We may not like Ben, his weight or whatever else, but we have one, in spite of claims to the contrary.
2) Roger's past as CEO is irrelevant at this point. To continue harping on the fact that Roger said a lot of things years ago that never came to fruition is pointless at this time. Roger was replaced not by one, but 2 CEO's after the fact. Yes, most of us agree with you that he did damage, but that is why he is no longer the CEO. To keep talking about the company today and ignoring the expansion plus the new revenue growth, while constantly claiming that "the company" isn't doing what they said they would do? We are now in 2023 and we have 5 locations just in the USA, whereas when Roger was CEO we only had 3 in total.
This company has done a lot of growth and expansion in the past few years. Sure, I wish they would have grown faster, but unfortunately they have not. But still, they have grown, and I rather concentrate on the current positives, not the past negatives. It is what it is (IIWII), and we move forward from here since a former CEO is irrelevant at this time.
I see good things in our future and hope other shareholders can too. I am not here to make excuses for the past, just pointing out that there are people in the company trying to make this company succeed in 2023 and beyond, so why should I diminish their hard work and effort?
$FUNN
Well I can see how putting half of one's 401k in a penny stock that is not meeting expectations can turn one salty. But the reality is that the stock was not worth the price it had back in 2017, unfortunately. CAH brought a lot of attention in 2017 with the exclusive Canadian distribution deal, but that was an anomaly.
If anything, the stock should be worth more now than the lower value it should have had back in 2017 with 3 locations, IMO.
$FUNN
Looking at L2 yesterday, there was someone trying to bid 1M shares at $.008. Let's see if they want to move their bid up to put us a little higher.
$FUNN
Not at the moment. They opted for net profitability before committing to them again.
$FUNN
Hey, it's like the lottery, you have a chance to win only if you play, right? After all, isn"t that what investing/trading is all about in the first place? But somehow negativity and doomsday scenarios being shoved down our throats nonstop is suppose to scare us into not trading/investing in the first place...
I'll take my chances with $COIN...Thank you.
And ironic to see a Dave and Buster's in the mall behind since they are always being mentioned here.
$FUNN
Buyers will come and sellers will go...thats usually the case. Besides, if the stock starts to go up, many of those with the "I'm getting out on the next run" mentality will change their minds and not sell out completely.
It will take some time for PPS to rise to a healthy level, IMO, so it's just a waiting game as the company continues to expand. Yesterday's news should help them get closer to net profitability in the long haul.
$FUNN
Try a little higher than $.065 to break even if down from $250k to $10,750 at $.079. Otherwise the math doesn't add up.
$FUNN
This is a 360 view of the location inside:
https://www.google.com/maps/place/Roll+With+It/@36.8123665,-76.070816,3a,75y,233.08h,59.09t/data=!3m8!1e1!3m6!1sAF1QipM8uVq-BQyTEW0MFH6VJxWV_9MHQBrjdO19_z4!2e10!3e11!6shttps:%2F%2Flh5.googleusercontent.com%2Fp%2FAF1QipM8uVq-BQyTEW0MFH6VJxWV_9MHQBrjdO19_z4%3Dw203-h100-k-no-pi-0-ya68.70798-ro-0-fo100!7i8192!8i4096!4m6!3m5!1s0x89bac15a0043314d:0xb0afd1ddd4059ea5!8m2!3d36.8123517!4d-76.070962!16s%2Fg%2F11nnlh_cg0?hl=en
$FUNN
Guys, I think we seem to be missing the biggest and best part of this PR.:
One thing that it does answer is that they are committed to growing the S&L brand. Hopefully this new location contributes to the bottom line so that they can achieve net profitability. Let's go!
$FUNN
Snakes & Lattes Inc. Acquires a New Brick & Mortar Location in Virginia Beach, Virginia
Press Release | 03/20/2023
https://www.otcmarkets.com/stock/FUNN/news/Snakes--Lattes-Inc-Acquires-a-New-Brick--Mortar-Location-in-Virginia-Beach-Virginia?id=393750
TORONTO, ON, March 20, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- Snakes & Lattes Inc. (OTC: FUNN) is pleased to announce the acquisition of ‘Roll With It’ Board Game Cafe & Bar (Roll With It) in Virginia Beach, Virginia via an all cash transaction.
Acquisition Highlights:
So much for the "classic pump and dump" claim...
$ETHUSD
What?! I know everyone's financial status is different, but never in a million years would I consider putting that much money into any pennystock, no matter how optimistic I feel about its outcome. It's way too risky and too much of a gamble, which is why people trade down here...
$FUNN
But wait, this is suppose to be the Lehman Bros of the cryto world that will collapse in 2024!
In the meantime, congrats to those making bank while we wait for its demise...
They opted to use one account to keep the existing Tweeter followers...still..
$FUNN
IMO, only when they become net positive and finally get audited fins out of the way would we see true investors come in and stick around. In the meantime, it's all speculation and Pink sheet sentiment, just like 2017. They are in a sector not known to set the investment/trading world on fire so things progress slower than expected. Did I mention FUNN is in the Pink sheets, the Wild Wild West of the trading world? Regardless, it's a bad idea to bet the farm in the OTC. We have seen all the initiatives that never panned out with FUNN as proof, but that doesn't mean the company will implode.
So we can scream all we want for management to do this or to do that, but the reality is that as shareholders we are all just bystanders. It's always best to provide criticism to the company directly when warranted. They may or may not be receptive to what we suggest/question, but at least we can get the frustration off our chests.
In the meantime, they have a chance to turn this thing around when continous profits become the norm. So we wait, well, at least if we believe they can pull it off. In the end, it is easier to destroy than to build something successful, so I prefer to remain optimistic that they can indeed turn it around. At least their S&L locations are doing their thing, which is what is truly important at this time. Hopefully they can add a few more profitable locations soon.
$FUNN
GM, I still remember predictions of massive dilution and that narrative quietly went away when it didn't happen.
Predictions about FUNN, or any other stock for that matter, are meaningless. Sure, there will always be something to cherry-pick as a failure/negative, but as a shareholder, I will continue to wait patiently to see what truly happens. My other option is to sell and move on and no one else is going to make that decision for me. Just like I'm also not going to resort to publicly insulting and defaming those in management.
In the meantime, the S&L locations continue to entertain patrons week in and week out. This is what truly matters, to see the business do well and succeed. It would eventually translate to a higher stock price. So GLTA shareholders...
$FUNN
Not yet, but it is still in-process though....
$BWVI
True, but the issue was a leaky pipe over the bar on Sunday, which forced them to close early thar day. They are definitely not closed so back to our regular scheduled programming...
$FUNN
"We are bad, we are bad, we are bad" = don't expect FUNN buyers.
Common sense
In the meantime, waiting patiently to hopefully see the company continue with growth and prosperity...
$FUNN
Man, so Chicago is temporarily closed and now the sky is falling. It never ceases to amaze me how mountains are made out of molehills when it comes FUNN.
The last thing I want is for the company to go down in flames, not only because of my investment, but because they employ over 200 people and provide an entertaining dining experience to patrons who love the concept.
Let's have a good week...
$FUNN
Anyone who invests in ANY company is taking a risk to some extent. This is a Pink company, and the risk is very high here. We know management has been a total disappointment, but hopefully they are now beginning to learn from their mistakes and moving the company in the right direction to get to continuous net profitability.
Since I don't have a crystal ball, I don't know how the company will fare in the end, but I'm not here to save anyone, defame the company, or to tell anyone that this is a good or bad investment. That they should get called out for their failures, no doubt. I will definitely continue to voice my concerns to them when I see something that they should address or improve since it's of no use for me to be preaching to the choir.
All stocks go up and all stocks go down, but the company has a potential with the S&L locations, IMO, and I don't see them running the S&L business to scam people, especially with the popularity of the S&L brand.
In the meantime, I'll wait patiently and swallow my pill if things don't work out or enjoy the rewards if things pan out in the end. Everyone should do their own DD and make their own decisions about investing, esepcially when it comes to Pink stocks such as FUNN...so GLTA shareholders.
$FUNN
I really doubt it it would be that high. I feel that $12M-$14M in revenue is more realistic for 10 locations, but what do I know. I'm just going by the laws of averages.
$FUNN
Where is the seller who wanted to sell 1 million shares at .0079? I guess nowhere to be found now that we have buyers.
Fake wall...
$FUNN
Where have I read that before?
$FUNN
But let me keep checking Pacer for the FUNN bankruptcy. I mean, it's not like I have anything better to do.
$FUNN
Trading in a channel...
$ETH.X
Don't worry, I am anxiously waiting for the Pacer bankruptcy report and the 1 million-to-1 reverse split. That's the way I roll. LMAO!
On a serious note, nobody knows what will happen in the end here, but I prefer to see the company thrive and succeed than crash and burn, but that's just me.
$FUNN
To be honest, I can care less about wether it's a new Twitter account or a 13-year-old account as long as S&L continues to grow and becomes profitable at some point. If the business succeeds, the stock will follow.
That management sucks with investor communication, no doubt, but that's it's not what is important to me. S&L is a business that takes time to grow, unfortunately, and only recently have they decided to focus on the locations, exclusively. There is plenty of reasons to be upset about and I'm not trying to make excuses for management, but I'm also not going to constantly amplify irrelevant issues and piss all over my money either.
$FUNN
The "new" Twitter channel is up:
https://twitter.com/Snakesandlattes?t=HPqq2sYZyy3HVAlv2accsg&s=09
It was already mentioned that they decided to keep the existing one used by customers since they had existing followers.
$FUNN