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Does anyone really believe free refills have any impact on the bottom line? Soft drinks, especially self-service, are extremely cheap to a restaurant. As such, offering unlimited free refills is a cheap way to give the customers an appearance of good value to keep them coming back more often and ordering more of the menu items that truly are very profitable, like french fries. To suggest otherwise is ridiculous.
Feels like someone knows something. News incoming?
GLTA!
Nice! I bought 50k at .0092. Just adding to my total and helping to give the price a bump. It's great to get a handful down at these prices! It may take some time, but I'm not going anywhere. 200% increase YoY? I love it!
A mix of good and bad news in the answers, but I feel the bottom line is that the company is working to move forward and increase profitability. Of course I, like all shareholders, wish it was all sunshine and rainbows. But I'm happy to hear they won't be taking any toxic funding, and that they are focused on getting profitability up so that they can eventually get to franchising, which will be huge.
I've always believed in the board game cafe concept and have looked at this as a long term investment that we are lucky to get in at these prices. I've got more than enough to retire on, but I'll continue to add to my holdings as the share price grows in the future, gifting to my children as well. If it takes a few more years, that's fine for me.
Good luck to all!
Love it!
Enough said
Additional locations will not report revenue until Q4. Not an excuse. It is simply the truth.
"The additions of Glendale, CA. and Provo, UT will start recognizing revenue this current quarter (Q4)"
"The January to March quarter is seasonally our slowest quarter post holidays and some level of gift returns. General patronage is usually a little lower as well."
Yeah, I've had the same thing happen, where the ask is one thing and I go to buy and end up getting them for lower than the ask.
As an example, say the ask is $.0175 and I try to buy at that price, I'll end up getting them for $.0174 or $.0173. I don't know enough to understand why that is. Happy to get the shares, regardless, but I'd be happy to contribute to increasing the value as well.
I'll take that every day! Thanks to whoever made the purchase.
GLTA
Recessions impact restaurants too. So of course FUNN shareholders should take notice. If there are fears of a recession, everyone should be cautious and weather the storm.
GLTA
The. Whole. Market. Is. Down. Today.
Translation: Nobody is hitting anything.
GLTA
Ahem. I hit that ask yesterday, thank you very much. Today the whole market is in recession.
Good morning! Long time holder here as well, watching patiently every day. It's great to see new locations being added. I'm happy to support this penny stock that has something real and tangible to offer. Physical locations that you can go visit now.
GLTA
If folks want to see S&L succeed, as I've read, then shouldn't we be celebrating all successes, especially acquiring a new venue in a great location? I'm here to say huge congratulations to S&L and here's to many more smart acquisitions/openings in the future!
GLTA!
I know!! Adding another successful location near a huge college is the dumbest move ever. Change the name or go home. And next time, open a Snakes & Lattes location in Jorden Valley, Oregon.
S&L are such dummies...
GLTA!
It only needs to hit 1.90 for me to break even! WOOT WOOT!!
LOL As if...
It only needs to hit 1.90 for me to break even!
LOL As if...
Are you suggesting that it would be completely fine for a company to take subsidies from the government and its taxpayers, meant to help the company stay afloat in a time of need, and use that money to expand their business?
There's nothing in that first article that says a vaccine will be ready to go to the public in 3 months. It says it "we can almost certainly get into phase one in three months." Note the words "almost certainly" not "definitely". And also, "phase one", which can take as little as several days, but as long as several months.
Phase Two typically lasts a few months to TWO YEARS. And then, only 33% of drugs make it to Phase Three. Which means there was a 67% chance Moderna's drug would fail. In fact, it only got emergency authorization, not actual FDA approval.
We could go back and forth over this, but the truth is that as much as we hoped, there simply were no guarantees. And my opinion, based on the information we had, is that pushing forward with signing leases and building restaurants geared toward social activities, during a pandemic that had no clear end in sight, and still doesn't for that matter as we continue to shatter records almost daily with new cases, would have been idiotic. Hindsight is 20/20, but S&L did the smart thing to wait.
Pharma may have said many things (I'd love for you to provide material to back that statement up) but there were no guarantees.
It would have been stupid to sign any leases when S&L was doing all they could just to keep staff paid. "Let's see, we could pay our staff this month, or we could sign a lease and start construction with no real understanding of when people will be able to come to our restaurant. Hmmm, what to do, what to do?"
I was not able to get my vaccine until March. There was no telling, until we definitely got government approval, about how long it was going to take. It wasn't until March 25th, 2021 that Biden promised 200 million vaccines within his first 100 days. Yes, the US beat that target, so yay, celebration time. And S&L was working on getting operations going again and planning for the future.
Despite the decline in pps, we were lucky the company was able to survive.
No, we really didn't. On Sept. 8, 2020, the New England Journal of Medicine wrote the following.
“When will we have a vaccine?” The obvious answer to this question would be, “When a candidate vaccine is demonstrated to be safe, effective, and available. That can be determined only by scientific data, not by a target calendar date.”
On Dec. 11th, Pfizer asked for emergency authorization for their vaccination with the first doses going to emergency care workers.
And that was at the END of 2020, barely a year ago. Prior to that, there was no timeline of when a vaccine would actually be available to the general public. We all certainly hoped!
You are 100% right.
Remember, we didn't know what was going to happen. There was no timeline for when we might be out from under the pandemic. To be honest, there still isn't, but at least we have a vaccine now. In 2020, we didn't, and didn't know how long it would take until there WAS one.
Restaurants were just doing their best to stay afloat and many didn't survive. Opening a socially driven business during that time, or even signing new leases, would have not been wise. We are amazingly lucky that S&L made it through, given how much its business relies on the social aspect. And now it has the opportunity to grow again, as long as we don't get another curve ball thrown at us by Covid.
The future looks very bright.
Good luck to all
And then Covid-19 hits and countries start shutting down literally two months after that announcement. It would be beyond fiscally irresponsible to open 10 locations designed around social engagement during a pandemic. Thank god they weren't stupid enough to try!
Things are slowly getting back to normal, but there are still a lot of questions around the virus. Purchasing an already established board game cafe is a great way to slowly expand. Smart move!
If people have questions, ask away on the Twitter thread:[/url][tag]
[/tag]There are many questions folks may have in mind; we would like to restart our prior "Asked & Answered" segment. We encourage all questions from shareholders! Please respond to this tweet. We will do our best to answer them all next week on top of any other announcements.
— Snakes & Lattes Inc. (@SnakesLattesInc) January 11, 2022
This piece is huge and people should pay attention. Really exciting!
I am a serious investor as well, and I've been investing in FUNN since 2017, adding to my holdings every other month. I believe and have confidence in this company and find it hard to believe that others don't. They have physical locations that were doing well when regulations allowed them to be open. Once regulations are eased again, the locations will continue to do well. More US expansion is fantastic news.
"You gotta do what? I gotta believe!"
Very exciting update from Snakes & Lattes this morning. In particular, I am eager to learn what their California plans are. I've been a shareholder for over 4 years, and I've used these lows as buying opportunities. I mostly stay off this board, but good luck to all my fellow share holders. There's a ton of upside here.
I'm guessing a lot of folks here don't play board games regularly. That's fine, you don't have to like hamburgers to invest in McDonald's. But as someone who has an extensive collection of games, I can say these guys are doing it right in their venues. A vast collection to choose from and introduce new people to, along with drinks and great food. Once the threat of Covid is further minimized, this ride is going to get FUNN!
They don't care much about stock price right now, their goal is to invest and grow their locations, which is great! It's awesome to be able to score shares this low. I look forward to the future and wish the best of luck to you all. And if you're in the neighborhood, stop in and see what it's all about!
Long time shareholder with a large investment in FUNN. Not feeling any worries here. I didn't buy it to flip, I bought it to hold for quite some time because being in the games industry, I know the potential. This company WILL show net profitability. I can't say when, with the Delta variant and non-vaxxers making thing difficult, but I am extremely confident we'll get there.
GLTA!
Loving that they are finally tweeting regularly. More of this is needed. The more eyes on this company, the better, as they are just going to continue to grow, which will ultimately get reflected in the stock price. I'm looking forward to next week's update.
I believe that one new cafe, even if it's only every two years, by definition would be called growth. But of course the pandemic completely changed the planned rate of growth, so clearly that needs to be factored into any discussion.
That is great news! No restaurant should be operating at 100% capacity yet, with a pandemic still raging and US infection rates increasing! Good job, S&L. Continue to be responsible.
We'd be much higher if not for the pandemic destroying the entire restaurant industry. I happen to be a realist too, don't put much stock in faith. And I know that once things open up, people are going to be flocking to restaurants and cafes in record numbers because they're tired of being stuck at home. This, as well as all restaurant and travel stocks, are poised to have a tremendous 2nd half of 2021 and record numbers in 2022. I've been accumulating here for the past 4 years and I feel great about where things are headed. GLTA!
Doesn't the word "scam" suggest there is nothing behind the stock to support it? Tuscon just opened, and there are several other locations that you can, you know, actually go to and spend money!
Rogen gave an update at the end of March and said the target is by the end of Sept, but their goal is to get it done earlier than that.
"Wipfli has been hired to audit FY19, FY20, and to review subsequent quarters for FY21 as necessary to apply for OTCQB uplist. Uplist can be processed by OTC Markets without an audit of FY21 so long as the FYE 2019 and FYE 2020 audits are completed and uplist applied for and approved before the end of September. The auditors have not yet provided a projected completion date. Our collective goal is to beat the FY21 deadline with the help of KSMB who is assisting as a liaison for submissions to Wipfli. Either way, FY21 will be immediately audited after FY19/20 along with all future years as required by OTCQB."
That shows real staying power! A lot of penny stocks die long before then. Go FUNN. Once things fully open after this pandemic, the rush of people wanting to get out of the house are going to propel this and other restaurant/bar/entertainment stocks through the roof!
You know who else never made a profit until the last couple years? Amazon. Just saying.
Not gonna get excited until this hits .05, like it did three years ago. Until then, I'll be cautiously optimistic.
Today's news makes me VERY happy. Great timing for it. Rogen delivering on what is needed. Keep it up!
Fantastic EOD! So much to love here. Folks are going to flood to places like Snakes & Lattes as soon as their vaccinated. I love to see this grow the way it should. Can't wait to get news from our new CEO.
GLTA