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Well, it gives everyone a chance to do just that, learn to play new games. Thx for the first hand account.
$FUNN
Awesome, Nick! Good to see your family and customers enjoying the game entertainment and dining experience that we come to expect from S&L. This is what it's all about...
The stock price will eventually follow as more locations come online. Cheers!
$FUNN
Going private, so a buyout should be the ultimate outcome.
$SSFT
Glad I took advantage and bought subpennies after yesterday's overreaction.
$SSFT
Good morning and happy Friday! I noticed last night that the Q1 and Q2 fiscal 2023 fins were amended, but after doing a comparison, I noticed Q2 was missing Sept. and Dec. 2022 outstanding shares and Q1 was missing Sept. 2022 outstanding shares (see image below). In case anyone was wondering, there were no other changes.
$FUNN
The Twitter link:
https://twitter.com/Snakesandlattes?t=MRHzPFloC4xj3PRz6Hi-yw&s=09
$FUNN
Not too thrilling to see that they don't have natural net profits yet, but definitely a step in the right direction with the numbers. Hopefully we are 2 or 3 more new locations away from reaching that milestone.
Nevertheless, there seems to be a light at the end of the tunnel after readjusting their focus on the S&L locations. GLTA shareholders....
$FUNN
Is that from the Onion or the Babylon Bee?
$MRGE
Speaking of fins, it looks like they are out on OTCMarkets this morning:
https://www.otcmarkets.com/otcapi/company/financial-report/358949/content
A quick glance and it doesn't seem so bad, IMO. Even though we are not quite there yet, operating profits dropped from -$383,512 in Q1 to -$183,116, but it looks like a step in the right direction. Dilution appears to be under control with the OS being at 758,849,876 compared to 746,374,343 last year's Q2. Let's see if they can go net profitable with the addition of a few new locations in the next year or two. GLTA!
$FUNN
Hope everyone is enjoying the Super Bowl and looking forward to Q2 fins this week. Hopefully they show that the business model is viable for the long haul, especially after their decision to concentrate on the S&L cafes. GLTA shareholders.
$FUNN
You know what they say, silence is golden...
In the meantime, still waiting to see what will be the end result here instead of relying on conjectures, prognostications, and opinions...
Good luck to all...
$MRGE
https://www.fxstreet.com/cryptocurrencies/news/can-visas-large-value-payments-on-ethereum-fuel-an-eth-price-rally-202302060932
* Visa is testing how to accept large value settlement payments from issuers in USDC starting on the Ethereum blockchain.
* At StarkWare Sessions 2023, Visa’s Cuy Sheffield shared the company’s vision for digital assets.
* Visa’s use of the Ethereum blockchain is likely to drive ETH adoption higher, fueling a bullish narrative for holders.
$ETH.X
Congrats to those who banked or are banking!
$COIN
2 recent S&L Twitter posts:
📣 Starting tomorrow, Chicago will be open Tuesdays from 5pm-10pm! Join us for some board games and a good time 🎲 pic.twitter.com/fKpd2mJelB
— Snakes & Lattes (@Snakesandlattes) January 30, 2023
Highlights from Taylor Swift Trivia Night last week in Tucson! pic.twitter.com/gTvspANLsE
— Snakes & Lattes (@Snakesandlattes) January 30, 2023
But don't you rather wait to see the daily VWAP? Oh wait, that's right, it's on the iHub chart.
$FUNN
Nice!
Psycheceutical Bioscience Provisional Patent Application for Novel Ketamine Topical for the Treatment of PTSD
https://www.globenewswire.com/news-release/2023/01/26/2596339/0/en/Psycheceutical-Bioscience-Provisional-Patent-Application-for-Novel-Ketamine-Topical-for-the-Treatment-of-PTSD.html
$BWVI
Up 35% in the past month...Love it!
$ETH.X
Well, I guess for anyone using non-Roth IRA money, yes.
$FUNN
I play OTC stocks, not invest my lunch money, so it's not that complicated.
$FUNN
Bring it! I'll be buying some more if so...
$FUNN
https://www.globenewswire.com/news-release/2023/01/17/2589909/0/en/Snakes-Lattes-Inc-Provides-Shareholders-With-a-2022-Year-End-Summary-as-Well-as-a-Glimpse-Ahead-Some-Guidance-for-2023.html
Snakes & Lattes Inc. Provides Shareholders With a 2022 Year End Summary as Well as a Glimpse Ahead & Some Guidance for 2023
January 17, 2023 08:00 ET| Source: Snakes & Lattes, Inc.
TORONTO, ON, Jan. 17, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Snakes & Lattes Inc. (OTC: FUNN) takes a look back at 2022 and will briefly touch on a few items that are in store for 2023.
2022 was a pivotal year for Snakes & Lattes Inc. Most significant is the continued upward trend in revenue generation. The entire calendar year consistently beat 2021 in quarter to quarter comparison with overall revenues up over 200% for the 2021-2022 Fiscal Year (FY) which runs July to June.
Coming off an extremely challenging past few years for the restaurant and entertainment industry; the company posted approximately $2M for FY 2021 and approximately $6M FY 2022. (Despite All Toronto locations being closed all of Jan and most of Feb 2022)
After two quarters in FY 2023, Snakes & Lattes can give guidance to shareholders that the company does anticipate another significant increase in revenues for FY 2023 ending June 30th, 2023.
A couple of highlights:
* 2022 was a banner year for our Tempe location. Tempe broke all historical records for the company; bringing in over $3M for calendar 2022.
* Special events and programming throughout all venues took a massive upswing this year and almost every event hosted was sold out across all venues.
The company issued $150,000 USD in convertible notes throughout the entirety of 2021 at a fixed price of .015 and raised $0 in convertible notes throughout all of 2022. The public float of the company (cumulative from inception in 1985 with no recapitalizations in its history) is currently 509,071,305 as of January 2023 and was 490,400,624 as of December 2021.
As the company has seen a nice return in patronage and increasing revenues, the value of the implemented cost improvement measures allows higher margins to be secured. While the pandemic had a major impact on the company and industry in general, it also created focus. From this focus, a better experience for the customer has been created. In turn, a higher dollar average amount for customer invoices. This focus also created a pathway to profitability for which many of our locations are now achieving. Where we cannot see the path, we make the decision to divest ourselves of unprofitable ventures. We saw this with the Guelph location and made the decision to close in September of 2022. The company expects to replace the Guelph location with at least one newer and better location this year. The other three locations inside Toronto are trending well, EBITDA positive, and expected to continue on an upward trajectory.
One of the major highlights for Snakes & Lattes in 2022 was winning the annual TAGIE awards held in Chicago. Winning the ‘Most Innovative Retailer’ category up against other industry giants such as Disney (Star Wars), Barnes and Noble, F.A.O. Schwarz, and Hasbro Pulse. The TAGIE awards, (Toy And Game International Excellence Awards) founded in 2008, and presented by People of Play (POP) is a prestigious international event that, being in its 15th year and part of POP Week, brought in over 30,000 people from 115 countries. This event honors the best and brightest innovators, designers, retailers, suppliers and marketers in the toy and game industry.
The conference and award ceremony once again brought Snakes & Lattes Inc. into the light with many industry key people, and the networking and contacts that came from it will be invaluable going forward. In 2021, LEGO took the category, but this year, Snakes & Lattes proudly cemented itself as the winner of the Most Innovative Retailer of 2022.
“2022 was a pivotal year for Snakes & Lattes. We have gotten past the pandemic era and are beginning to thrive again. Fiscal year 2023 will be three straight years of solid revenue growth. We are doing so in a more efficient and focused manner. The TAGIE award was a huge honor for us, and will lead to great opportunities in the future. We still have a number of locations we are looking at, as well as the funding to open them, all the while keeping minimal dilution to the company and shareholders in mind. We are being careful in finding the right location to maximize the chances of success. We need to easily see the profitability potential for the location prior to investing time, effort and money into it. However we have some targets that are currently being negotiated and worked on,” said Snakes & Lattes Inc. Founder Ben Castanie.
We are still working towards securing the 2 new locations which are already fully funded on friendly terms to the company amongst many other exciting things. News will be made available once either an LOI or Definitive Agreement has been signed.
There have been a number of ongoing projects that the company intends to provide status updates on throughout 2023 as milestones and completions are accomplished.
As always, a big thank you to all our supporters, loyal customers and dedicated staff. We continue to serve in honor to create the best possible experience for our patrons. The future of Snakes and Lattes looks bright as we continue to improve, add on new locations, take on lucrative strategic partnerships and build our brand. Creating memorable and quality human interactive experiences keeps us going, and at all times we keep the mission of ‘Snakes and Lattes locations coast to coast’ at the forefront of our strategy.
See you at Snakes & Lattes!
About Snakes & Lattes Inc.
Snakes & Lattes Inc. currently operates 7 tabletop gaming bars and cafes: 3 located in Toronto, Ontario, Canada, 1 in Tempe, Arizona, 1 in Tucson, Arizona, 1 in Provo, Utah, and 1 in Chicago, Illinois. The company is in the process of expanding throughout North America. Snakes & Lattes Inc. was the first board game bar and cafe in North America, and is believed to be the largest in the world. Our board game cafes have the largest circulating public library of board games in North America for customers to choose from.
For more information on Snakes & Lattes Inc., please visit the website at: www.snakesandlattes.com.
For further updates from Snakes & Lattes Inc., please follow us on Twitter @SnakesandLattes.
Safe Harbor Statement
This news release contains statements that involve expectations, plans or intentions (such as those relating to future business or financial results, new features or services, or management strategies) and other factors discussed from time to time in the Company's OTC Market or Securities and Exchange Commission filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as "may," "should,", "will", "expect," "anticipate," "believe," "estimate," "confident," "intend," "plan" and other similar expressions. Our actual results, such as the Company's ability to finance, complete and consolidate acquisition of IP, assets and operating companies, could differ materially from those anticipated in these forward-looking statements as a result of certain factors not within the control of the company such as a result of various factors, including future economic, competitive, regulatory, and market conditions. The company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
Contact:
Ben Castanie
Snakes & Lattes Inc.
Telephone: (416) 500-2911
Email: ben@snakesandlattes.com
$FUNN
Same to you and welcome aboard! Member follow for you.
$BWVI
Ethereum is in the best position out of all the cryptos, IMO. It's not just a one-trick pony coin like Bitcoin, but a smart contract platform with endless possibilities with tons of support behind it.
Glad I got in early back in 2017 so let's see what the future brings...
$ETH.X
VWAP in 3...2...1...
$FUNN
Nice!
$BWVI
LOL!
$FUNN
It's useless for penny stocks, IMO, but hey, it's a metric that is readily available on iHub for those who really care to analyze it. I can care less about it here.
Happy New Year!
$FUNN
Just dropping in to wish all the positive FUNN longs a Merry Christmas. May you have a blessed day sharing valuable time with friends and family.
FUNN, or any other stock for that matter, should be irrelevant when it comes to valuing what truly matters.
Same to you and your family. Hope you enjoy time with loved ones...
$FUNN
This thing is still untradable I see...Pathetic!
Lower than expected CPI numbers should give this a boost. Let's go!
$ETH.X
Well, when you have low volume and someone decides to unoad that many shares at end of the day, this is what we get. Nevertheless, I only bought what I could risk knowing full well that this has always been a lotto play.
Waiting patiently to see what eventually transpires in the long run...
$FUNN
We know this is going back up on Monday so welcome to life on the OTC. Let's keep blaming management though.
$FUNN
Exactly!
$FUNN
One thing is expectations and having management be the escape goat when the stock is not moving up. Another thing is the reality that they are a restaurant niche trading as a Pink stock in an inflationary economy. Unfortunately, the market is a fickle one.
The good news is that the business still has a chance to become profitable and that will be a game-changer. So it's a waiting game at this point, IMO.
$FUNN
Maybe in a different economy more people would be willing to gamble in OTCLand. IMO, it has has little to do with management.
$FUNN
And neither has anything else they drop. I hope the OTC ways are becoming clear by now...the reality is that there is currently very little interest in the stock, well at least for investment/trading purposes.
This will only move if a momo wave hits, when they become profitable and uplist, or when some major investor-friendly catalyst comes along. It's the only reality no matter how much we want management to do something or anything for that matter.
In the meantime, let them continue concentrating on the cafe locations and making sure they become profitable. The cafes continue to do their thing...
$FUNN
Meh...company is chugging along...
People may have been excited about new endeavours that never panned out, but now that they are concentrating on the cafes, it is going to be a little boring. Even if people know about FUNN, this economy turns off any type of investing in restaurant businesses, regardless of what management does...IMO.
$FUNN
The Q4 restatement was not due to any numbers changeing. I just saw minor fixes like the company address, so meh...
$FUNN