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FUNN_Needs_To_Cut_Down_Expenses_Starting_With_Own_Salaries_and_Giving_Back_Preferred_Shares_To_Company
Fire Director of Marketing
Close Down cafes which have little chance of becoming positive net profitable
ChiTown
Provo
1 or 2 of worst performing Toronto cafes.
VA Beach
secure a low interest, 5 year loan that will cover the cost of:
A CEO with restaurant and franchising experience
Quarterly/yearly accounting services for all remaining cafes
Audits for 5 years
Franchise in USA.
Face it, the expansion by acquiring bankrupt/near bankrupt cafes and turning into positive net profitable cafes IS A FAILURE.
Mostly because of lack of know how and mismanagement.
I am surprised that there are a few folks who actually think current FUNN execs are doing a good job managing FUNN
ALL the evidence says otherwise.
Growing Operational Losses and WORSENING negative net profits is NOT the right Direction......lol
Issuing Preferred Shares To Selves For CRAPPY Performance
About $5 million dollars worth? Leaving FUNN high and dry.
FUNN really doesn't have much cash in hand. Certainly not enough to open additional NEW cafes on their own.
IMO, the only way out is if they close biggest money losers, bring the rest to positive net profitability, pay for audits, and franchise in USA.
Maybe BenDodger is having margaritas in Caribbean Islands????
]
Anyone Concerned About Cash And Delays in phase 2 and phase 3 Clinical Studies?
Who was responsible for reverse split?
What is FCMs position on getting studies back on schedule and actually bring drugs to market?
Technically_Bullish_FY23Q3_Prove_Fundamentals_Are_Crapp_With_WORSENING_Negative_Net_Profits
Was right about what would happen when FUNN no longer able to declare "other income" from PPP loan forgiveness.
Was certainly praying that BenDodger would find ways of reducing payroll, and/or increased prices, and/or turn tables over sooner than every 2 hours, and/or shut down their most unprofitable cafes that have no hopes of ever becoming positive net profitable.
Like Provo, ChiTown, and at least one Toronto cafe. They should try to create a situation in Toronto where there is more demand than supply.
If it weren't for those active liens and IRS problems in AZ; Tempe would already be positive net profitable?
Technically is in a bullish trading channel; which is good. Will likely test 0.01-0.011.
WORSENING negative net profits
Operational LOSSES GROWING
FUNN's_Negative_Net_Profitability_and_PPS_Action_has_little_to_do_with_Director_of_Marketing_or_an_IR_Dept
It DOES directly relate to the failed expansion model; which BenDodger has proven they can't execute and transform bankrupt/near bankrupt game cafes into a positive net profitable operation.
Last Qtr, Operational Losses GREW
Last Qtr, Negative Net Profits WORSENED
And, that was even adding the bankrupt/near bankrupt VA Beach Roll With It Game Cafe.
They were unable to reduce expenditures like payroll. In fact, expenditures grew.
PPS and FUNN's fundamentals have NOTHING to do with having an IR dept or ineffective Marketing Director.
It does have to do with poor management - as proven by its long history of failures.
They need to decrease payroll. How about $0 to BenDodger and Board of Directors?
Getting rid of Marketing Director.
NET LOSSES WORSENED. That's a fact.
OPERATIONAL LOSSES GREW
of course not They pretty much "stole" ~$5 mil worth of preferred and common shares
Why would they want to go when they can string Minority SH along
bwahhaahhaha
BenDodger Knows How Minority SH Feel
Just based on the 100's of questions sent in; which they only selectively answer.
The only way FUNN can change is if all of the board members, CEO, etc are gone.
They know they're stringing Minority SH along....
Up and Down. Up and Down
MNMD can't find traction
Technically_Bullish_RSI_=_72 =_Overbought on_low_volume_Fundamentally_BullShytish
Worsening Negative Net Profits
Worsening Operational Losses
Sad that FUNN did not break down numbers by individual site. What are they hiding???? Why aren't they being transparent on which site is losing the most money?
The Growing Operation LOSSES and WORSENING NEGATIVE Net LOSSES are a FACT
If FUNN had reduced expenditures like payroll; they could have closed the gap, but they didn’t.
Well past COVID, cafes are only generating about $300 k each, or a rate of $1.2 mil per year.
It may very well mean that they are topping out with gross revenues per cafe.
Unless they can turn over tables more quickly or raise prices or close down most unprofitable cafes in Provo, ChiTown, and Toronto
Like I said, can they close gap without relying on PPP loan forgiveness? So far, the answer is no
Negative_Net_Profits_of_-$462,000_Operational_Loss_of_ -$309,000_RALPH
Told ya!!!! ROFLMAO
FUNN should have filed this past FRI at 5 PM EST; giving "investors" the weekend to get over the continued losses.....just my opinion of course. Most companies would not file bad news on a monday....lol
Operational losses of -$309,000 for 1 quarter; which WORSENED by -$200k
Negative Net Profits of -$462,000 for 1 quarter; which WORSENED by -$560,000 from prior QTR
Told y'all what would happen when FUNN not able to declare PPP loan forgiveness as "other income"
Clearly, cafes are not being run efficiently...
bwahahahahaha
I_Wonder_If_FUNN_Will_File_Notice_of_Late_Filing_Today?
Folks should remember that operational losses from VA Beach site will not be reflected; since acquisition of Roll With It won't be finalized until AFTER summer; maybe FUNN will close on the acquisition of the money losing cafe by the beginning of FY24? only 1.5 months away.....so, I doubt it.
RFLMAO_Yes_FUNN_Has_Failed To_Prove_They_Have_An_Active_FINRA_Application
Unfortunately, the lack of proof by FUNN is indeed meaningful - in a negative way.
Better Yet BenDodger Should Just Be Transparent To Begin With
Sad that FUNN Execs not only suck at what they do, but they are not transparent either???
If "Baseless" FUNN Should Have No Problem Publishing the FINRA Application Number
and all supporting documents; including a FINRA memo; assigning a case number and acknowledging receipt of said application.
Or it can be a ginormous flop like its current state???
but hey, who cares if FUNN execs took advantage and rewarded selves with ~$5 mil worth of preferred and common shares for poor outcomes.
They're the best.......lol
and yet more negative net profits w/o PPP Loan Forgiveness
bwhaahahaha
“You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time.”
Yes unaudited financials clearly show funn surviving on backs of canadian and us taxpayers
Negative net profits all around!!!!
Bwahaha
No, in Fact FUNN ISN'T
ROFLMAO Not Hard To Do In Covid Era where revs were obliterated starting FY20Q3
where FUNN did not file an unaudited quarterly report?
Minority SH should be looking for growth in revenue PLUS decreased expenditures PLUS no help from PPP loan forgiveness.
Anything less is just the same ol same ol
It would prove that FUNN is viable w/o having to be supported by USA and Canadian taxpayers.
people just aren't that stupid......lol
Even_More_Proactive_Is_FUNN_Execs_Actually_Doing_Their_Job_ROFLMAO
Wait, do minority SH actually want FUNN execs to continually F*ck UP??????
Bwahahaha
How about FUNN being more proactive and hire a CEO who has restaurant and franchising experience???? I can't imagine a single minority SH WOULD ACTUALLY OPPOSE THIS IDEA.
or even simpler PR the info when quarterly financials come out RFLMAO
Technically Bullish Fundamentally Bullshytish?
Looking for positive net profitability WITHOUT PPP LOAN FORGIVENESS.
A breakdown of each site would be helpful for Minority SH to ID those stores that likely have zero chance to ever become positive net profitable.
These need to be closed down.
Reduce expenditures. Reduce payroll. Eliminate any $$$ going to FUNN execs or Board of Directors.
Detail the monthly payments for active Liens
Detail more details regarding the VA Beach Roll With It non-convertible promissory note. How much? 5% APR? What was Principle? How many years of payments. When during the summer - will it actually be "closed/completed"?
What is the financial health of Roll With it for each year for the past 3 years? Gross revenues? Net Profits?
inquiring minds want to know....lol
I expect pps to continue to trend upwards until the news comes out.
Those who purchased at 0.008 may want to sell if it hits 0.0015-0.02??
Like the FAILED Inked Partnership for 10 new cafes??
Whatever happened to that signed Partner??? FUNN execs never has said what happened. At least have the cojones to say in a PR that they decided to move on due to covid.
That failed effort was not long ago. January 2020
1/21/2020
https://www.globenewswire.com/en/news-release/2020/01/21/1972947/0/en/Amfil-Technologies-Inc-Inks-Deal-To-Bring-Ten-New-Snakes-Lattes-Locations-To-The-USA.html
Which_Is_Why_They_Need A_CEO_with_both_Restaurant_and_Franchising_experience.
IMO,
they need to get rid of cafes that have no hopes of turning positive net profitable
they need to reduce payroll, including getting rid of Anais and paying selves. They've already "stolen" minority SH common shares and rewarded selves with either preferred or common shares - for POOR Execution and outcome of projects
they need to STOP acquiring bankrupt/near bankrupt companies because they simply don't know how to make into a positive net profitable company. This is a FAILED business model.
Which leave two options - get a ginormous partner who will actually invest in 20 cafes; as you say - or go to Franchising Model.
The other option of approving additional common shares to raise money will be disastrous for current minority SH.
Wouldn't Franchising Be a Better Solution?
The Franchisee is responsible for building, startup costs, and overhead costs.
S&L charges Franchise fees, management fees, accounting fees, marketing fees and takes a small percentage of gross revenues - and no exposure or responsibility for build out costs.
They already tried the partnership thing.
And the alleged "inked" deal for 10 new cafes.1/21/20.
This FAILED epically
https://www.globenewswire.com/en/news-release/2020/01/21/1972947/0/en/Amfil-Technologies-Inc-Inks-Deal-To-Bring-Ten-New-Snakes-Lattes-Locations-To-The-USA.html
RFLMAO So Anais doesn’t have the skill set to post the S&L Brand on the Acquired Roll With It Website?
I’ve done html coding with and w/o use of templates. Literally 15 minutes to add S&L branding and 1-2 paragraphs under the About Us Link.
I say fire her, and reduce payroll by $150k USD
ROFLMAO What Does Anais Actually do for $150k USD/year?
It takes about an hours worth of html work to add S&L info on a website. I'm sure a local high schooler would work for free...lol
Odd_That_Roll_With_It_Website_Has_No_Mention_Of_S&L....Anywhere on Website
Anais doing a great job marketing and branding S&L
lol
https://rollwithitbgcafe.com/
Technically Bullish Fundamentally BullShytish?
Can FUNN Survive on own merits and NOT ON BACKS OF CANADIAN AND USA TAXPAYERS?
It would be great news on upcoming unaudited financials; if this were the case.
That being said; current management needs to shut down operations on their biggest money losing sites. It would be helpful if FUNN showed Minoriity SH a breakdown of financials by site
They need to demonstrate that they are actively cutting down on expenses; like payroll. If that means getting rid of their Director of Marketing, Anaïs Guilbert; as a start - so be it. They also need to cut the salaries of all current execs and those sitting on any "boards".
It be nice if they would return the "stolen" shares back to FUNN, the corporation.
Fundamentally Bullshytish -
Technically Bullish, Minority SH should be happy w/ the technicals. Let's pray fundamentals improve, and expenditures decrease demonstrably in financials, and improvements w/o PPP loan forgiveness.
And Since This Is a Capitalistic country, those car manufacturers and banks should not have been bailed out....and let the chips fall as they may. I'm sure healthier banks and car manufacturers would have been able address their competitor's demise.
Kuberex - I For Sure Don't Thinks So
I was basically pointing that out to the one (?) opinion that was a proponent of free refills being the savior of FUNN :)
And, in the case of S&L gaming cafe, I don't think free refills is going to be a driver for repeat customers.
In th case of Costo - it sure is a driver. Why? Think about the location of the "concession" area. It's located a short location away from the check-out area.
It's basically a feel good, low cost leader for Costco - that simply caters to the unhealthy lifestyle of Americans.
Yum, that IS so cheap, tastes so good, and sates my appetite for fatty food and soda to expedite my journey to diabetes.
In the case of S&L's free refills - IMO, free refills isn't a driver for repeat customers.
IMO, it should be about "the experience".
That being said, not only should FUNN execs be concerned about giving customers "the experience" - the business goal should be provide the experience in a way that results in positive net profitability.
So, the only way for FUNN to move towards positive net profitability is to:
Decrease overhead expenses (i.e., payroll)
Turn tables over faster
And increase prices.
it would also be helpful for FUNN to get rid of cafes that they know will never become positive net profitable.
Only FUNN knows (or SHOULD know), how many tables need to be filled during its hours of operation - and how often tables need to be turned over TO EXCEED ALL OPERATIONAL COSTS AND TOTAL EXPENDITURES AND DEBT.
Bwahahaha Cuz Free Refills Generate Revenues LOL
In conclusion, GoodVibes should change name to Snakes & Lattes - Provo
and, they should expand their target demographic to include as many people outside of being a Morman Polygamist who doesn't drink coffee or alcohol.
If the local demographic does not meet S&L's target demographic, they should never have acquired in the first place.
And, FUNN has NEVER successfully transformed a bankrupt/near bankrupt cafe into a positive net profitable cafe EVER. In fact, all of their faux joint venture have literally FAILED.
Not a single success story.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171805132
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171805587
BTW Restaurants In Provo UT CAN SELL Alcoholic Drinks
So, why did FUNN choose to NOT change that on the Good Vibes drink menu.
Why did FUNN choose NOT to brand their own "Snakes & Lattes Cafe" brand? Instead they chose to stick with Good Vibrators....or something like that....
They should be upselling "craft" coffee drinks, "craft" flavored alcohol infused coffee drinks, and craft alcohol based mixed drinks with names that have catchy names that locals can relate to or themes of that locality.
Hey_Folks _FUNN_Should_Upsell_Fountain_Soda_To_Move_Towards_Positive_Net_Profitability!!!
At least according to one opinion
4/29/23
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171803618
ROFLMAO I don't know. Do they? I know fountain soda is NOT the solution to grow
total gross revenues or move towards positive profitability.
Here in the south (including VA Beach) fountain soda retails in restaurants for $2.50 AND INCLUDES FREE REFILLS
And, how many customers are asking for free water nowadays to lower cost of the bill ; because food in restaurant have gone up???
BWAHAHA
Btw, some restaurants are smart enough to sell bottled specialty sodas; like Mexican Coca cola, or Boylan's craft sodas.
So selling two ice buckets of 6 bottles of craft sodas would yield maybe gross $46
Upselling Fountain soda???????
ROFLMAO
AGAIN UPSELLING FOUNTAIN SODA IS PROBABLY THE STUPIDEST IDEA I'VE EVER HEARD TO GROW TOTAL REVENUES AND MOVE TOWARDS POSITIVE NET PROFITABILITY
Why do you think Costco sells a hot dog and fountain drink with free refills for $1.50
It isn't because they're trying to grow total revenues from the hot dog and soda
ROFLMAO
GIT DAT SHYTE OUTA HERE
LOL