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I don't think the issue is the underlying company, it's the neglect of the public side of the company. They need to put together a professional, exciting, and consistent promotional campaign and blitz the investing world... until then, no body knows about FUNN imo.
You finish the Kool aid yet? Lol
Agreed. And keep contacting them...
They have such a wonderful story to tell, I truly hope they start telling it in a consistent, professional, and exciting way soon... and not just a PR here and there, but a firm or person who's sole responsibility is to promote the stock!
Agreed. Let's keep emailing them...
No news again today. I think it's obvious by now that something disruptive is going on within the company. I truly hope it's something good, but if past is prologue, I fear it's not good news.
Even if one had zero experience running a public company, I would think it would dawn on you at some point that you had existing shareholders to communicate with,, and a need to attract new ones so they can raise more money. That they don't communicate at all givesme a terrible gut feeling,, and could signal the demise of the company as it becomes clear they don't know how to manage stock price and dilution.
Everyday FUNN should be screaming to the market how exciting their company is and how investors should be lining up to throw money at their fun, growing, and exciting company. They should have videos and pics and all sorts of investor relation promos. That they don't at this point is complete neglect. With a little effort, they could tell a wonderful story, but instead they remain silent as stock price goes further in the toilet, and dilution increases. This must end now... I control urge everyone to contact the company demanding they update current shareholders and begin to promote the stock...
Ben@snakesandlattes.com
Aaron@snakesandlattes.com
I emailed both of the email addresses again today, and I plan on keeping it up until I get a response.
I dont see any news today. Their neglect is deafening. At this point I urge all shareholders to contact the company and demand they begin promoting the stock.
Everyday FUNN should be screaming to the market how exciting their company is and how investors should be lining up to throw money at their fun, growing, and exciting company. They should have videos and pics and all sorts of investor relation promos. That they don't at this point is complete neglect. With a little effort, they could tell a wonderful story, but instead they remain silent as stock price goes further in the toilet, and dilution increases. This must end now...
Ben@snakesandlattes.com
Aaron@snakesandlattes.com
Ok, I've sent several to the info email address with zero response. They're completely neglecting and avoiding shareholders, which is never good (and also may be illegal).
They are! Which makes the company's lack of promotion even more negligent. We're coming out of a pandemic and many other post pandemic stocks are flying high. Here, so few know about us, it's sad. Management should be screaming our story from the rooftops. Instead they remain silent as stock price goes further in the toilet and dilution increases. So sad...
I've sent them several emails with no response. Which email did you use?
I urge all shareholders to contact the company and demand they begin promoting the stock.
Everyday FUNN should be screaming to the market how exciting their company is and how investors should be lining up to throw money at their fun, growing, and exciting company. They should have videos and pics and all sorts of investor relation promos. That they don't at this point is complete neglect. With a little effort, they could tell a wonderful story, but instead they remain silent as stock price goes further in the toilet, and dilution increases.This must end now...
Ben@snakesandlattes.com
Aaron@snakesandlattes.com
No volume today? Zero?
Funn management doing a bang up job at promoting this stock. Absolutely embarrassing considering post covid stocks have run like crazy...
Someone did mention that. However, that shareholders have to take and post pics of their venues demonstrates how completely negligent the company is in promoting this stock. It's actually a complete embarrassment at this point...
To run a public company and not focus on promoting the stock, increasing stock price, and minimizing dilution is not only a complete and utter slap in the face to shareholders, its also poor business management, if not worse...
Everyday they should be screaming to the market how exciting their company is, and how investors should be dying to throw money at their fun, growing, and exciting company. They should have videos and pics and all sorts of investor relation promos. That they don't is a complete joke. With a little effort, they could tell a wonderful story, but instead they remain silent as stock price goes further in the toilet, and dilution increases. They've done this for years now. It's complete negligence at this point in my opinion.
Promote the damn stock and garner momentum! Otherwise the stock may fail because no one knew how to navigate the equity markets... sad.
Are we really going to have another day/week/month with no support from management? Their neglect of the stock is unbelievable...
Many focus on building the business and revenue. Of course that's important, but not at the expense of neglecting other important factors in running a public company:
1) stock price,
2) promoting the stock, and
3)dilution.
These things are integral to running a public company and here they are being neglected. In the end, I'm here to make money and unless stock price, promoting the stock, and dilution are addressed, it's almost impossible to make any...
Promote the damn stock and garner some momentum...
For at least 3 years now the company has refused to promote the stock or attempt to create any real electricity... Look at the chart over that time. It's been a miserable down slope, and honestly the company should be ashamed. Not only is it a slap in the face to investors, its bad business practice. With stock price is in the toilet, dilution has increased much more than necessary...
We all know pinks run on momentum, so create some damn momentum.
Company remains silent while share price sinks further and further into the toilet. Outstanding shares 741,195,093. Authorized shares 750,000,000. Going to have to raise A/S again. What's the over/under? 1 billion? Then 1.5 billion? Then 2 billion? Can't make money on a diluted pig, no matter how good the underlying concept is...
Dilution wouldn't be nearly as bad if they got stock price up. At the current price they have to give away nearly 70,000,000 shares to raise 1 million dollars. So sad management does nothing to protect shareholders and promote the stock...
Promoting the stock is a must, and not doing so is completely irresponsible and not business savvy at all. Just think how much more money FUNN could raise if the stock price was just .10. They would only have to dilute 1/5th the amount of shares to raise the same amount. Getting stock price up helps them immensely from a BUSINESS POINT OF VIEW....
Ideally they'd hire a professional to do this, but since they're cash strapped (partly bc they don't promote and can't raise diddly wo diluting like crazy), they should at least get a college kid who knows how to work social media, provide some guidance, and let them work their magic. Could probably pay him/her $20 bucks an hour until a professional is hired...
In the end, they have to promote the stock PERIOD. It helps raise stock price, then you can in turn raise more money at higher values. To not do so puts us all at risk of being diluted into oblivion... everyone loses.
PROMOTE THE DAMN STOCK!
$165 traded today? In a company with soon to be 7 locations and getting into the dispensary business? The neglect of shareholders is unbelievable... unless they have some game changing news coming very soon, this is a complete screw you to shareholders, bordering on illegal breach of fiduciary duty imo... Promote the damn stock!
And I'd add, a CEO with experience running a public company. By all accounts Aaron is a wonderful chef, hard worker, and a good manager; however, running a public company requires a unique skill set...
I believe they need to promote the darn stock! They have a wonderful story to tell and they just sit quiet as dilution increases and stock price goes deeper and deeper into the toilet. We all know penny stocks run on momentum... so create some damn momentum! Then you can raise more money with fewer shares. This is very basic stuff...
Who cares what people look like... Promote the damn stock!
Not sure where that number comes from, but if it gets there we're screwed. Unfortunately that's the direction it's going. Increase in outstanding shares, plus preferreds, etc... With the stock price in the toilet, will have to dilute millions of shares just to raise a modest amount. Truly sad.
And another day will go by with radio silence from management as SS gets worse and shareholders lose more money. No promoting the stock, no protection of shareholders.
Will it? Depends what one means by prevail. And what will the outstanding share count be by the time it prevails?
Again people seem to be confusing the underlying concept, which is a good one, with the complete negligent handling of the public side of the company. What good does it do us if snakes has 10 locations which are fairly successful, but 1.5 billion in outstanding shares? How much could each share possibly be worth then? Can you say diluted pig?
We're here to make money I assume. People seem to be whistling past the graveyard as outstanding shares continue to increase and stock price plummets... all the while management remains silent and does nothing to protect shareholders.
PROMOTE THE DAMN STOCK SO YOU CAN RAISE MORE MONEY WITH FEWER SHARES! Honestly this is public management 101...
So many here focus on the number of locations and conclude all is good. Although the underlying business is certainly important, many here completely ignore the public side of the company... authorized shares, dilution, stock price, promotion, etc. This is where the company is sorely lacking.
IMO, the real issue with the company is they have no business being a publicly held company. It's been clear for a long time now they don't have experience in the equity markets and don't really know how to navigate them. They don't promote the stock to get the price up so they can raise more money with fewer shares, and they don't protect shareholders. It almost feels like they backed into being a public company...
Ben had a wonderful concept with snakes, and god bless him for that. Aaron is in all likelihood a great chef with good management skills... and if this were a privately held company, that would be awesome. However, it is not. It is public. Therefore, they desperately need to promote the stock and hire someone who truly understands the public side of the company... it's really just that simple.
Need a PR firm or someone who's sole job is to promote the company. Why they keep neglecting this is beyond me...
Thanks JRF... appreciate your insight.
They need to do whatever they need to promote the stock! I don't think people understand how dire the situation is. Dilution keeps occurring, and with the stock price as low as it is, they have to give away exponentially more shares to raise even moderate amounts of money. Its a cycle, and they've allowed themselves to get into a terribly risky one.
Just think if the stock price was 5x higher, they would only have to give away 1/5th the amount of shares to raise the same amount of money. How about 10x... Not to mention more investors would be attracted to it.
Promote the stock or risk bankruptcy.
What they need to do is something they should have done years ago... hire an IR firm, tell their story, and get the stock price up. Period!
This is a public company and running it is as such is much different than running a private company. Many (including management) don't seem to understand this. FUNN has to promote itself, get stock price up, and raise money at higher values. If they don't, they will dilute into oblivion and we'll all be wiped out. Honestly, this is running a public company 101, and that they don't get it is ridiculous at this point..
A few random tweets isn't going to cut it. They need a professional, organized, consistent, promotional machine, otherwise expect continued increased authorized shares, and eventually bankruptcy.
They have a great concept with tons of potential, but if they don't properly manage dilution, authorized shares, stock price, it's all for not. It needs to be fixed immediately!
Of course all company's make missteps, but this company has mismanaged the public side to the point that it can hardly be described as thriving.
They absolutely need to promote the stock and increase stock price. That way they can raise more money with fewer shares to fuel expansion. To not do that puts the company at risk of bankruptcy. Period. Thats public markets 101. This has been a major issue for years....
When you say thriving that may be a little misleading. There's been a myriad of missteps if you look at the company as a public one, which it is. Huge difference between running a public and private company.
Yes they have to. Anyone familiar with otc stocks knows they run on momentum... you promote the stock or share price erodes. The higher the share price, the more money they can raise. It's a must!
Not sure they suck at running the company, but it's obvious they don't have any experience running a public company...
They should. There is no problem with Etrade, though I recently received an email from them stating they were changing some of their OTC buying/selling policies. Not sure if anyone else knows about that, but something to look into...
At this point they're probably breaking the law. Breach of fiduciary duty... no one wants talk of legal action but their management is beyond horrible.
You must have had a lot of FUNN over the last 4 years...lol
I'm a supporter here but I don't think it's exactly true that all criticisms get knocked down. Share price continues to be in the toilet, and it has been for years. It could turn around at any time, but in the end it's the only metric that counts... Bears have been winning for 4 years unfortunately...
Couldn't agree more. Great concept, terribly inconsistent management with apparent ignorance on how to run a public company. Wasn't Rogen willing to work for little to no salary, on stock options alone?? How are they going to find another real CEO willing to do that?? So disheartening. Such a huge disconnect between the concept (which is great) and the running of a public company (which is terrible).
Thanks Juancy. Did he say why he didn't stay on as CEO?