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I Wonder How Those Active Liens Are Doing?
0.0053? Bwahahaha
Remember Kill The Unicorns???
Here spending time with the family, playing board games tonight. A family member bought Unstable Unicorns game, and I busted out laughing.
Ironic......
What an epic fail by FUNN
$204_Worth_of_Shares_Trading_Hands_Today_Show_Almost_ZERO_Interest
hopefully, investors don't use forum post counts as a valid measurement of "interest".
How stupidAF would that be?
ROFLMAO
Good News Bad News
The good news is that Tempe generated $700k for FY23Q1; and is projected to pull in ~$2.8 for FY23.
The bad news is that Tempe generated 40% of the revenues for all the cafes in operation.
Which means that the other 6 cafes are generating ~$166,666 per quarter - and all have negative net profits/losing $$$
That's very, very concerning.....especially since restaurants already bounced back about a year ago?
Guess those faux witness accounts are boolshyte??
IMO, FUNN needs to dump Provo, 2 Toronto cafes, and ChiTown.....if they are to be taken seriously in regards to making cafes positive net profitable.....and move towards selling franchises in the USA.
I think everyone would have been more impressed had FUNN execs published what the actual gross revenue was for each site, and not just for Tempe.
PLUS THEY FORGOT ALL ABOUT PROVO.
Glad To See Some #s Broken Down By Site
As suspected all 3 toronto cafes losing money.
Tucson is losing money.
ChiTown is losing money. slated to be EBITDA by FY23Q3? hmmmm..
Tempe is best producer.
Like I've said before, FUNN should close Provo and 1-2 Toronto cafes and ChiTown.
FUNNEE that they omitted provo.
Focus on turning Tempe, Tucson, and 1 Toronto cafe to being positive net profitable.
file audits. sell franchises in USA. Don't have to worry about finding seed money to open up more cafes.
where is Provo #s?
RFLMAO FUNN Execs Clearly misleading folks about growth in gross revenues when cafe revenues were actually flat.. and the increase was due to the forgiveness of PPP loans
Bwahaha
And worsening of negative net profits by -$633,000 vs prior quarter.
How is that turni g corner???
RFLMAO
Cafe_Revs_Were_Actually_Even_FUNN_Misleading_About_Growth_Q_over_Q
which is bad, because that line item SHOULD have grown if cafes were filling more seats via expanding hours; which is clearly NOT the case.
The "growth" in revenues was totally on backs of USA and Canadian taxpayers - as it looks like FUNN had $192,582 forgiven in PPP loans.
Average_of_$219k_gross_revenues_per_cafe_PATHETIC_Clearly_NOT_Filling_Seats!
those faux witness accounts of being very busy sure was BOOLSHYTE
And, unfortunately, FUNN did not break down by site - to better hide the losses in Provo, Chicago, and likely 1-2 Toronto cafes.
They need to shut down Provo, Chicago, and 1-2 Toronto cafes - to give selves a shot at making profits at Tucson, Tempe, and give all the Toronto biz to ONE site.
ROFLMAO_They_Don't_Mention_Low_Interest_Loan_Because_They_Are_DEEP_IN_DEBT_AND_HAVE_ACTIVE LIENS!!!
That "info" was in their lame Q&A.......lol
BWHAHAHGAHAGH
What_Do_Suggestions_Have_to_Do_With_FUNN_Exec_Failure_To_PR_Achievable_Action_Plan?
Literally, nothing. Funn Execs are failing on their own and need to own up to own ineptitude
More Like Flatlining No Achievable Action Plans Laid Out
No announcement about securing a low interest loan to pay for 5 years worth of
CEO salary with restaurant and franchising experience
the cost of accounting services
5 years of auditing and filing every year for next 5 years
Funn execs pretty much "stole" preferred and common shares to the tune of $3.5 mil?
"Info"_Re:_Alleged_Strategic_Partner_Is_Underwhelming_Because_The_Claim Is_Untrue?
Just like 1/2 dozen to a dozen claims by FUNN were utterly untrue; and bordering on outright lies? Certainly incompetence and inability to execute is true; unless there were no intentions to execute.
Good Publicity Sanja Gupta Explains "Psychedelic Renaissance" In America
any good publicity at this time is a good thing
https://www.cnn.com/videos/health/2022/11/03/psychedelic-magic-mushrooms-depression-study-gupta-cnntm-contd-vpx.cnn
Sanja Gupta Explains "Psychedelic Renaissance" In America
https://www.cnn.com/videos/health/2022/11/03/psychedelic-magic-mushrooms-depression-study-gupta-cnntm-contd-vpx.cnn
Sanja Gupta Explains "Psychedelic Renaissance" In America
https://www.cnn.com/videos/health/2022/11/03/psychedelic-magic-mushrooms-depression-study-gupta-cnntm-contd-vpx.cnn
ROFMAO Maybe 100's of Baht, no way "millions" in USD
No matter. Never gonna happen. Not even listed on their website.
Another FUNN head fake.....no surprise there.
Alert Will Robinson -First Contact With Management
And?…,,.
Alert First Contact With Management
And?…,,.
Faux Potential and Real Net Losses ROFLMAO
Big Boy Pantie Partners Lining Up??!! RFLMAO
Ummm, FUNN's current Model of expansion is to buy unprofitable, bankrupt game cafes and to continue money losing operations via even poorer management.
FUNN execs are unable to secure low interest bank loans to cover 5 years worth of:
a ceo with restaurant and franchising experience
annual accounting services for all sites
annual auditing services for all sites
FUNN basically shot selves in foot, due to mismanagement of $$ and resources, have very little cash on hand, deep in doodoo debt, bad credit, active liens.
I doubt that anyone is interested in FUNN. Big Boy Pantie Partners are more likely laughing at FUNN and more than happy to see them die on the vine. Seriously, what does FUNN actually have that is proprietary? Nothing. FUNN's current assets are worthless. Brand name - worthless.
Yet, insiders rewarded selves with $3.5 mil worth of preferred and common shares?
Are we back to faux witness accounts again?
The unaudited financials show cumulative net losses. Audited finanials will likely show net losses are worse
Bwahaha
What A Crock Of Shyte
I guess going from 9 to 7 sites is the new "upward"
No evidence of "new" locations. The business model of acquiring money losing sites is EXTREMELY bad because FUNN execs don't know what they are doing; as evidenced by the shut down of two sites.
The bar for "gold standard" is obviously set very low.
Tokin assigned assets to FUNN
https://sg.finance.yahoo.com/news/amfil-technologies-inc-otc-funn-130000421.html
FUNN's MJ Business Was An EPIC Fail
They allegedly acquired the license and assets of Tokin Dispensaries owned by DB.
And, it wasn't until a year later that they claimed that accountants advised them against being in the mj biz.....or something like that.
EPIC FAIL. Not even an mj license that they could re-sell to a competent company.
Can easily be achieved via Franchising
Butt FUNN execs have chosen NOT to manage their $$$ properly to complete audits.
nor
have they secured a low interest loan that would cover the costs of 5 years worth of:
CEO salary with experience in restaurant biz and franchising
complete quarterly and FYE accounting services
complete audits for the next 5 years.
Then they'd be able to hire commissioned salespeople, and sell franchise in every major college town.
Yet Continued Net Losses Show Up Every Quarterly Financial Without Fail
Faux witness accounts are pretty darn meaningless
RFLMAO
Market is still waiting for FUNN Execs realistically achievable action plan to move each cafe towards positive net profitability. Amaaazing how they have neglected its Minority SH by NOT PR'ing their action plan
Oi_Faux_Witness_)Accounts_Again_Financials_Prove_Net_Losses_Year_After_Year
Market wants FUNN execs to PR there achievable action plan to move money losing cafes towards positive net profitability.
Breaking down financials by site so that they are transparent with Minority SH.
Has FUNN had a low interest business loan actually approved that will cover five years worth of costs for:
A CEO with restaurant and franchising experience?
5 years worth of accounting?
5 years worth of auditing costs?
and placing selves in a position to hire commissioned salesforce
and sell franchises in USA?
No. They definitely have not.
FUNN Sez SCREW Minority SH?
Market believes FUNN execs are enriching themselves at expense of Minority SH; as evidenced by incompetence and ongoing cumulative net losses year after year; yet rewarding selves with millions of common and preferred shares for horrible outcomes. It's all in the financials.
Do they care about Minority SH? It sure doesn't appear so...
Market_Knows_About_Incompetence_and_Ongoing_Net_Losses_Year_after_Year_Too
Big Dumparoo This Morning Amazing Interest
Should anyone be surprised at FUNN execs continued disinterest in minority SH?
biggest mistake was acquisition of HEXO who has net loss of -$955 MILLION for FY22Q1-Q3.
Almost 1 month in oversold territory
all caused by RS and then authorizing more common shares resulting in dilution
very sad.
ROFLMAO "Profitability" Based on What?? Faux Witness Accounts Again?
Recovering restaurants can certainly expect decent holiday revenues; but not convinced it holds true for board game cafes who do poor job marketing in specific localities. Provo, a dry town, will continue to lose money. ChiTown will continue to lose money because its so darn expensive to operate. And having 3 cafes in Toronto is poor logistics. They really should get rid of 1-2 of the money losing Toronto cafes - to give ONE Toronto cafe a real shot a t positive net profitability.
Companies holding large party dinners for the Holidays will likely choose a different kind of venue.
They should close Chicago, Provo, and at least 1 Toronto Cafe
There's a reason why CAH was willing to sell that Dream Flagship Cafe. They were losing money and knew nothing about restaurant biz. They sold it to FUNN; who also don't know much about restaurant biz.
FUNN's current business model for expansion; aka, buying/acquiring money losing entities is a very, very BAD model of expansion - primarily because FUNN Execs don't know how to valuate a company - and turn it around to being positive net profitable.
FUNN has NEVER turned ANY money losing entity and turned it to being positive net profitable.
FUNN has NEVER created a business and been positive net profitable for ANYTHING. EVER.
Given a great opportunity w/ S&L cafe - their golden ticket - and, imo - have royally F***ed up.
IMO, the only hope FUNN has is if they can be approved for a 5 year loan that covers:
a CEO that has restaurant and franchising experience
accounting services
5 years of auditing
Hire commissioned salespeople
sell franchises in the USA
-$324,948 Loss on Investment
which investment?
$550k loss from PPC loans. which turns into Other Income (not revenue) when forgiven. I'd like to know where that money went.
Yes My Prediction Was Pretty Damn Close
:)