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Faux_Witness_Accounts_Again_Yaaay_Yet_FUNN_Remains_EBITDA_NEGATIVE_and_cumulative_net_losses_continue
Here's what got full - Execs own pockets when they issued selves millions of dollars worth of preferred and common shares to themselves. All anyone has to do is look at FUNNs own unaudited financials.
And, for poor outcome and performance...
There is a thing called facts; as proven by FUNN's own unaudited financials
Faux witness accounts that claim cafes are "full" is subjective. and means diddly squat.
SBA Loan Approvals for Non-Green Card Holders and Foreign Nationals
Yep, just more boolshyte from FUNN. They can, but they didn't because they didn't execute. who knows if they ever tried at all.....and that it was lip service?
https://www.sba7a.loans/sba-7a-loans-small-business-blog/sba-loans-for-non-citizens/
ROFLMAO Their Own Employees Don't know?
That's absurdly sad......lol
[quoteI was in the Snakes on College in Toronto, the staff serving us never even heard of FUNN or amfil technologies!?!? Maybe they should start with their own staff. They didn't even know that Kill the unicorns and Red Panda were games that their parent company produced, they didn't know there was a parent company!][/quote]
was a healthy pullback?
RSI moved below 70, and pps floor held at $3.00
imo, healthy if $3.00 holds.
but may drop down to 50 day MA of $2.70ish...
The non passage of usa mj legislation screwed many over
As we should since it's a binary stock
It'd be nice if this would go back up to 200 day MA
it is a bit overbought with RSI = 74.92
a pullback before moving higher would be a healthy sign
The current pps is still way down from pre-split, pre authorized shares
Closing_Down_ChiTown/Provo/2_Toronto_cafes_Absolutely_makes_sense
because there is little hope that those sites will ever be positive net profitable.
If you shut down 2 of the 3 Toronto cafes that are losing the most money, the patrons will go to the remaining Toronto cafe.....and actually be busy more often. Basically you want demand to exceed supply.....not the other way around.
Once all the cafes are positive net profitable....it will be easier to SELL FRANCHISES.
Who wants to become a franchisee for an entity that is a perennial money loser? Like, noone. ROFLMAO
Maybe FUNN execs should find someone who knows what the fawk they're doing????
It's certainly not me who's running the show. Why should any Minority SH do their job?
ROFLMAO
Raising Fees, Increases in menu prices, Riising costs of produce/meats/ingredients, adding credit card usage surcharges are deterrents
If FUNN is actually serious about moving towards positive net profitability, they should simply close Provo, Chicago, and two of 3 Toronto cafes.
FUNN should obtain a low interest loan to cover 5 years' worth of:
* A CEO who has restaurant and franchising experience
* Accounting services
* 5 years of auditing
and focus on franchising in the USA; where franchisees would be responsible for all build-out and operational costs - and pay Franchising Fees to FUNN (which incorporate costs for accounting, auditing, and marketing).
This would eliminate:
* Need for approving additional common shares; which will dilute Minority SH value.
* Incurring additional debt
* Need to raise cash for buildouts.
It's Allegedly 2 Cafes Not 4 Likely 0 Cafes for CY23
Here's Why
FUNN has no cash or common shares to give to any potential suitor.
FUNN is unable to secure any low interest small business loans due to active liens, massive cumulative debt, and ongoing operational losses. Not a single positive net profitable cafe in entire history of existence. Guelph and Glendale shut down or never off ground.
Noone who is in their right mind would strike a deal with existing FUNN execs when they realize that they have demonstrated that they don;t know how to run a restaurant, and don't know how to run and operate a publishing company, distribution company, MJ company, Gro3 equipment company.
But hey, dey got shoveling and pavers down pat.....lol
Look at their tweet on the alleged 2 funded cafes that are allegedly pending closing SINCE 2021 - ROFLMAO
Expansion VIA TAKING OVER BANKRUPT CAFES IS A BAD BUSINESS MODEL BECAUSE FUNN HAS NEVER BROUGHT A COMPANY OUT OF BANKRUPTCY TO POSITIVE NET PROFITABILITY - EVER.
Guelph is an example. Now shut down.
LA/Glendale never happened.
Provo will likely be next. Alcohol is the biggest contributor for revenue and moving towards positive net profitability. IMO, StupidAF to operate a DRY RESTAURANT in A DRY TOWN.
If FUNN is truly interested in moving cafes to positive net profitability, they will likely need to CLOSE Provo, ChiTown, and two Toronto cafes.
oh, and get rid of their active liens by paying the $$ that they owe. When do the monthly payments end??2032??? ???? RFLMAO How much do they owe? What were the IRS penalty amount? No positive net profits for Tempe and Tucson any time soon.
Increasing net losses is Wrong direction
If FUNN is serious about moving cafes to positive net profitability, they should close Provo, Chicago, and two of the 3 Toronto cafes.
Unfortunately, FUNN screwed up franchising because if the auditing debacle. Are unable to secure low interest loans due to ginormous debt, bad credit, and active liens. The only way to raise $$$$ is by authorizing hundreds of millions of common shares, which will dilute Minority SH value
And_All_7_Losing_Money_Actually_Show_They_DON'T_Know_How_to_operate/build_restaurants_to_All_Minority_SH
FUNN execs have prove that they don't know how to expand by acquiring bankrupt cafes, making necessary changes in operations, and proving that they know how to build positive net profitable cafes.
More Likely 0 Cafes Coming For CY2023 Here's Why
FUNN has no cash or common shares to give to any potential suitor.
FUNN is unable to secure any low interest small business loans due to active liens
Noone who is in their right mind would strike a deal with existing FUNN execs when they realize
that they have demonstrated that they don;t know how to run a restaurant, and don't know how to run
and operate a publishing company, distribution company, MJ company, Gro3 equipment company.
But hey, dey got shoveling and pavers down pat.....lol
Look at their tweet on the alleged 2 funded cafes that are allegedly pending closing SINCE 2021 - ROFLMAO
GROWTH VIA TAKING OVER BANKRUPT CAFES IS A BAD BUSINESS MODEL BECAUSE FUNN HAS NEVER BROUGHT A COMPANY OUT OF BANKRUPTCY TO POSITIVE NET PROFITABILITY - EVER.
Guelph is an example. Now shut down.
LA never happened.
Provo will likely be next. Alcohol is the biggest contributor for revenue and moving towards positive net profitability. IMO, StupidAF to operate a restaurant in A DRY TOWN.
If FUNN is truly interested in moving cafes to positive net profitability, they will likely need to CLOSE Provo, ChiTown, and two Toronto cafes.
oh, and get rid of their active liens by paying the $$ that they owe. When do the monthly payments end??2032??? ???? RFLMAO How much do they owe? What were the IRS penalty amount? No positive net profits for Tempe and Tucson any time soon.
But S&L Cafe Provo IS a DRY Cafe!!!
How stupidAF is that? LOL
So I stand corrected, Provo is not "dry", but the Provo cafe is!! lol
2023_Will_Be_Good_If_FUNN_Shuts_Down_Provo/ChiTown/2_Toronto_Cafes
And Tempe/Tucson needs to pay off their 1 active lien and Arizona state tax liens.
FUNN-EE how FUNN refuses to specify how much is owed, what their monthly payments are, the date when FUNN expected to pay off entire lien and what the Arizona state tax penalties amounted up to.
And, since FUNN is cash strapped - they will need to authorize more shares which will dilute Minority SH value.
They are unable to secure low interest business loans in Canada or USA due to their debt/losses, active liens, and poor credit rating?
Actually_Wrong_Again_Cafe_Revs_Neutral_Negative_Net_Losses_ARE_GROWING
About $200,000 "gain" in other income from PPP Loans - WHICH CANADIAN AND USA TAXPAYERS HAD TO PAY TO DIG OUT FUNN.
Still operating at a loss. Cumulative losses ARE GROWING
THE NEGATIVE NET LOSSES SURE ARE GROWING
THE ACTIVE LIENS ARE REAL ENOUGH
FUNN needs to close Provo, ChiTown, and two toronto cafes; if they are serious about moving cafes to being positive net profitability.
I've owned and worked in restaurants too So What?
And what I've described for the city I live in is real enough.
There is something called inflation.....which restaurant owners are passing costs down to the consumer.
The increased prices and credit card fees are not passing down to customers in Michigan?
hmmmmm, I don't think so.
No labor issues in Michigan? I don't think so.
And, as a restaurant owner....why build a board game cafe in a dry town like Provo?
Expansion via acquisition of bankrupt or money losing cafes is not smart for this bunch of FUNN execs; who have proven that they have NEVER turned a money losing entity into a positive net profitable company. Never...
It's a mixed bag as far as restaurant biz patronage
Some upscale restaurants are doing well, but no lines on FRI and SAT. Other upscales are empty, and lacking staff.
Inexpensive and middle of road restaurants - the same.
Many have a surcharge for credit card use now.
Fast food is mostly still take out only, no dine in - because of labor issues.
Restaurant prices have gone up across the board.
2_More_Days_Of_EOY_Tax_Writeoffs_CY23_Will_See_Losses_Growing?
About $200,000 "gain" in other income from PPP Loans - WHICH CANADIAN AND USA TAXPAYERS HAD TO PAY TO DIG OUT FUNN.
Still operating at a loss. Cumulative losses ARE GROWING
THE NEGATIVE NET LOSSES SURE ARE GROWING
THE ACTIVE LIENS ARE REAL ENOUGH
FUNN needs to close Provo, ChiTown, and two toronto cafes; if they are serious about moving cafes to being positive net profitability.
The_Good_News_Is_Only_10_More_Days_for_EOY Tax_Writeoffs
I would expect some potential buying come the New Year
but, FUNN needs to step up and PR a realistic action plan for CY2023
ROFLMAO Wrong There's Something Called Facts
FACT. Cafe Revenues were neutral.
FACT. Operational Losses continue
FACT. Negative net losses continue to GROW
The FACTS are clear. Actual financials posted for convenience.....lol
Looks like Santa is putting coal in Minority SH christmas booties....or is that FUNN execs doing that?
So what? What does that have to do w/ MJ Legislation?
and, the massive losses from their acquisition of HEXO
we're not talking about 10's of millions of losses due to HEXO
We are talking about 3/4 of 1 BILLION in losses, just from HEXO
Since_FUNN_Refuses_To_Separate_Financials_For_Each_Cafe_It_Will_Be_Impossible_To_See_In_Financials
oh, fudge.....
but noone should be surprised.
FUNN needs to close Provo; and 2 Toronto cafes too, so that the "best" remaining Toronto cafe has a chance to be actually positive net profitable.
Alcohol is one of the best revenue generators - and can help towards moving any restaurant to positive net profitability. Why would FUNN execs ever put a game cafe in a dry town?
StupidAF.....
TRLY Goes as US MJ Legislation Goes
contact your House and Senate, POTUS, VPOTUS
MNMD imo screwed minority sh w/ reverse split and then authorized more shares
just my opinion. PPS down 90+%
Yaaaay DILUTION Likely Coming For CY2023 HAPPY HOLIDAYS!!!!!
DILUTION_and_PPS_EROSION_will_Occur_If_FUNN_Actually_Has_Acquisition_of_Bankrupt_Cafe_In_The_Works_Since_FUNN_Will_Have_To_Authorize_Shares_and_DILUTE_Minority_SH_Value
Sad.....
More Likely 0 Cafes Coming For CY2023 Here's Why
FUNN has no cash or common shares to give to any potential suitor.
FUNN is unable to secure any low interest small business loans due to active liens
Noone who is in their right mind would strike a deal with existing FUNN execs when they realize
that they have demonstrated that they don;t know how to run a restaurant, and don't know how to run
and operate a publishing company, distribution company, MJ company, Gro3 equipment company.
But hey, dey got shoveling and pavers down pat.....lol
Look at their tweet on the alleged 2 funded cafes that are allegedly pending closing SINCE 2021 - ROFLMAO
GROWTH VIA TAKING OVER BANKRUPT CAFES IS A BAD BUSINESS MODEL BECAUSE FUNN HAS NEVER BROUGHT A COMPANY OUT OF BANKRUPTCY TO POSITIVE NET PROFITABILITY - EVER.
Guelph is an example. Now shut down.
LA never happened.
Provo will likely be next. Alcohol is the biggest contributor for revenue and moving towards positive net profitability. IMO, StupidAF to operate a restaurant in A DRY TOWN.
If FUNN is truly interested in moving cafes to positive net profitability, they will likely need to CLOSE Provo, ChiTown, and two Toronto cafes.
oh, and get rid of their active liens by paying the $$ that they owe. When do the monthly payments end??2032??? ???? RFLMAO How much do they owe? What were the IRS penalty amount? No positive net profits for Tempe and Tucson any time soon.
Actually_Wrong_Again_Cafe_Revs_Neutral_Negative_Net_Losses_ARE_GROWING
About $200,000 "gain" in other income from PPP Loans - WHICH CANADIAN AND USA TAXPAYERS HAD TO PAY TO DIG OUT FUNN.
Still operating at a loss. Cumulative losses ARE GROWING
THE NEGATIVE NET LOSSES SURE ARE GROWING
THE ACTIVE LIENS ARE REAL ENOUGH
FUNN needs to close Provo, ChiTown, and two toronto cafes; if they are serious about moving cafes to being positive net profitability.
0.0045? ROFLMAO
DILUTION_and_PPS_EROSION_will_Occur_If_FUNN_Actually_Has_Acquisition_of_Bankrupt_Cafe_In_The_Works_Since_FUNN_Will_Have_To_Authorize_Shares_and_DILUTE_Minority_SH_Value
Sad.....
More Likely 0 Cafes Coming For CY2023 Here's Why
FUNN has no cash or common shares to give to any potential suitor.
FUNN is unable to secure any low interest small business loans due to active liens
Noone who is in their right mind would strike a deal with existing FUNN execs when they realize
that they have demonstrated that they don;t know how to run a restaurant, and don't know how to run
and operate a publishing company, distribution company, MJ company, Gro3 equipment company.
But hey, dey got shoveling and pavers down pat.....lol
Look at their tweet on the alleged 2 funded cafes that are allegedly pending closing SINCE 2021 - ROFLMAO
GROWTH VIA TAKING OVER BANKRUPT CAFES IS A BAD BUSINESS MODEL BECAUSE FUNN HAS NEVER BROUGHT A COMPANY OUT OF BANKRUPTCY TO POSITIVE NET PROFITABILITY - EVER.
Guelph is an example. Now shut down.
LA never happened.
Provo will likely be next. Alcohol is the biggest contributor for revenue and moving towards positive net profitability. IMO, StupidAF to operate a restaurant in A DRY TOWN.
If FUNN is truly interested in moving cafes to positive net profitability, they will likely need to CLOSE Provo, ChiTown, and two Toronto cafes.
oh, and get rid of their active liens by paying the $$ that they owe. When do the monthly payments end??2032??? ???? RFLMAO How much do they owe? What were the IRS penalty amount? No positive net profits for Tempe and Tucson any time soon.
Maybe Not - Authorization of new shares will dilute?
Ain't This FUNN??
Another 2 weeks for EOY tax selling
What's going on in MNMD World?
still down by 90% after reverse split?
Can't Pay Back Active Liens? That's FUNN
IMO All Assets are worthless
including their "brand"
massive cumulative net losses.
active liens
end of calendar year selling