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Chart is primed for a big move
Even on Wall St, board games are taking over.
“In the finance industry, you don’t have to play golf anymore—you can play games”
article: https://www.bloomberg.com/news/articles/2018-04-26/wall-street-s-latest-trend-in-networking-board-game-nights
The $5 game pass fee is much cheaper than a movie ticket, and much more social. Yeah alcohol on top of the good food options makes Snakes a great night out for people of all ages.
FUNN at $16M market cap, so undervalued
Been scooping here this am...gifts imo
Don't be so sure about that.
Not sure a headline could get much better than that :)
They are doing that, and have also made a tutorial video for each game.
No evidence to back these statements up.
It's just not true Mighty, and it's a mistake that many longs have fallen into. Thinking that everything hinges on audit/uplist, etc. It doesn't. We have an exciting story here with extremely popular cafes that are about to go into a new huge expansion phases, games that are selling in 200+ retailers around the world with Amazon listings in many countries. We have something here that next to no other company on the OTC has!! Companies with absolutely none of what we have run to higher valuations all the time.
Yeah I agree, all that stuff will be great down the road for the long term. I honestly never think about it. What I do think about A LOT is the growing business. And I do believe that behind the scenes things are being pursued as far as new website and looking for good options for IR. You've brought up some very valid things to be discussing. My only concern is HOW this is being relayed to management. You've got a big following and much respect from me and many others here. Some however, see comments made like "lighting a fire under the CEO's ass" and they run with that and send really nasty messages to Roger. That won't help the situation imo, and likely could hurt it more than anything. I love many of the ideas you present here, we just have to make sure the ideas are presented to him in an appropriate way. That's just my take, and I do think things are in motion in many of the areas already.
Rogen wasn't "plucked" off the street, lol. He's an investor that sees the massive potential of Snakes & Lattes, and he came to Roger with a proposal to expand the brand across the USA.
And the deal that was worked out was also VERY shareholder friendly. All shareholders will benefit from this deal as Roger is putting up his own preferred shares for payment AFTER four locations have been built. Love the incentive involved, and things are going to be BUZZING around here in short order. Tick Tock...
That's right Beevo. Actual evidence points to early success with our games. And absolutely Amazon is prepping to get more games in the near future (as seen below). And not to mention if people are paying attention to social media, there are MANY posts from new customers playing the games around the world. More to come!
Publishing will work up to those levels. Some games released will generate more than others. We likely will put some resources into marketing moving forward. But it’d still be a success if it generates six figures in revenue to start. With high margin card games, probably a good chance Morning is net profitable sooner rather than later. I’ll take steady growth and consistent high quality game launches to increase the Morning catalog.
Great points Plow. I’m thrilled to have Rogen come on board in this capacity to head up the Snakes & Lattes USA Expansion. This next growth phase will be a powerful chapter for the company. Looking forward to it!!
Personally, I don't feel it's useful to put any thought into speculating about the audit. Roger will not be making the same mistakes as in the past. He has learned the lesson, and I hope in general longs will learn the lesson as well and let it play out in the background where it belongs. When the conversation turns to audit speculation, it takes away from the focus of the ever-growing business. This is not directed at you JTF, just a general opinion on the matter. We have A LOT to be excited about with this next growth phase that we are embarking on. We need to keep this in the spotlight.
Spot on with this DF :) I'm ready!
KWBT Investor Relations Update (video)
No answer to that one i guess
Smh
For just getting games out to distributors and retailers in the last two months, I’m very happy with the progress from our in-house publishing. And all the DD points to more larger orders coming.
Sometimes in business deals do fall through. For whatever reason. This happens to every company. FUNN has delivered with Midtown, Tempe, and now we know Tucson is in the works. There will be more. And yes, there will be more that we think are going to happen but may not become a reality. It happens. FUNN has also delivered with publishing, which we now have produced tens of thousands of games and they are on sale worldwide. More to come with that division. Over $11M in revenue annually now, and the new era of the USA expansion is upon us. I be we'll have multiple buildouts in 2020 so please stay tuned.
The Snakes & Lattes publishing game catalog will continue to grow, and likely we'll see the next game(s) launched later this year. Morning has been hinting at this and I believe it's been mentioned on twitter too.
Of course it is going to take time, that is the whole point I've been trying to make. We can't just sell hundreds of thousands of games overnight. We'll likely have to put in some marketing dollars too. But I love the potential of these revenue streams, and selling these card games brings back high margins.
I also like that Snakes & Lattes has been doing Guru videos already of both KTU and Red Panda. They've also stocked their shelves with our games for sale in the cafes.
Not everything can all happen at once when resources are limited. There is a big picture in play here, and the cafes are a part of the big picture. But so is the publishing division, which now has two games in the market. Amazon has product and more on the way.
It took Dave & Busters 15 years to get to their 10th location. And they had a $23.5M revolving line of credit. FUNN's plan is moving along very nicely considering we only have a fraction of what D&B had in their early years. And we have the added revenue streams of publishing and fulfillment.
Rogen Chhabra is a big part of the big picture future. Roger Mortimer is putting his money where his mouth is by funding the next four locations with his own preferred shares. There is motivation to get things done, and Rogen is devoting all his time to the USA expansion. But at the same time we will keep to the Snakes & Lattes high standards for locations, which is another key. Can't sacrifice quality in the process.
We know how popular these cafes are, and the success of Tempe will be replicated across the USA and more will come in Canada too!
Looking forward to this next growth phase. It's gonna be a big one!
A lot has happened in the last 16 months. Most notably, FUNN opened up a new publishing division, which is already selling games worldwide with more game launches coming. That is huge for FUNN both now and into the future.
Yeah, two updates already is really nice. I don't expect this weekly at all. Things take time. We know the areas Rogen is working on right now and I know he's doing a great job making progress.
Also, shout out to his partner Darryl Gibbs who's a key player here as well as he is taking care of things with the law firm in Mississippi giving Rogen the time to work on the Snakes & Lattes USA expansion.
I'm very proud of Tempe and what it has become in such a small amount of time. It's one of the most highly rated establishments on all of Mill Ave. In only 16 months!! That is amazing!!
I understand that it takes time to get a larger scale expansion underway. I've done the DD, and I'm REALLY bullish on where we go from here. The addition of Rogen Chhabra as a partner in this USA expansion is the biggest thing to happen for AMFE/FUNN since Roger acquired Snakes & Lattes.
Rogen is already doing a lot of positive things for FUNN. Bringing him on board as a partner in this USA expansion was a great move for the company. More updates to come, stay tuned.
"About 2 years now" since Tempe opened. Well it opened in October of 2018, which was 16 months ago. So more like a little over a year ago, lol.
Tempe was the first location to open in a new country. It has been a smashing success. Proof of concept in the USA. Tucson is next and wheels in motion there. Not to mention the work Rogen is doing in Denver, New Orleans, and next in California (next week).
We are now in the new era for the company. Published games are being sold worldwide. More game releases are in the near future. We will see multiple buildouts happening this calendar year.
Stay tuned, it's all happening.
Back to Pink Current
I can definitely sense the nervousness at the heart of those type of statements.
We are making really good progress with the resources we have available. Some perspective...I was looking back at old quarterlies when Dave & Busters was in the process of getting to their 10th location in 1996.
In fiscal 1997, D&B's goal was to open 3 new locations. In their 15th year of existence. And they had secured a revolving line of credit of $23,500,000. FUNN also has a revolving line of credit for what? Around $1,000,000 I believe? We are doing a great job of building this company from the ground up, on a fraction of the budget D&B had. This all takes money from somewhere to expand!
We are on the verge of seeing our location count increase significantly. It takes time, but we have a great plan imo.
What is the maximum amount of time allotted to double locations? Where is this guidebook? TIA
Nice find Beevo!! Tucson moving forward :)
D&B (PLAY) began operations in 1982, and didn't IPO until 32 years later when they had 70 locations already up and running. The IPO was used for debt repayment of $94M. https://www.cnbc.com/2014/10/09/dave-busters-ipo-prices-at-low-end-of-range.html
Dollar General? How can this be a comparison to FUNN? The business is entirely different. And yeah, they also trade on the NYSE at $166/share. So not even the same ballpark.