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We were going to put out unaudited regardless this evening as stated, but since we now officially have it and it’s done, we will be working on putting the finishing touches on the accompanying pr which will be fully detailed. Everything will be filed this weekend.
We were going to put out unaudited regardless this evening as stated, but since we now officially have it and it’s done, we will be working on putting the finishing touches on the accompanying pr which will be fully detailed. Everything will be filed this weekend.
— Snakes & Lattes Inc. (@SnakesLattesInc) November 16, 2019
It is important to state that during these two past years the company has chosen not to use toxic financing or any of the other shady practices common in this market.
Their silence, although frustrating, has been an ethical one.
We shall see how the numbers stand out.
Nope. It is far better for the numbers and filings to be posted as soon as possible, so that we can digest it, separate the good from the bad etc.
I’m liking what I’m seeing
Well, tomorow is bound to be an important day regardless
But we are way beyond the place we were a year ago. The company has grown a lot since then. And once the audit finally hits, the growth will explode with the franchises finally being an option
It always is... right until it isn’t. Those are the odds we play. I think the odds for a lot of FUNN are actually quite high
Well, this was the date I personally was going to make him accountable from the start. From the first tweet he said they would file the financials before the 14th. So that was the date I was always keeping in my mind.
Looks like he added one day. Apparently the company is still hopping to see the financials this week.
We’ll see
*Sigh*
I wouldn’ be able to know. The only thing I can identify is their horrible problem at keeping expectations and their complete silence. Hopefully that silence will be broken soon
I like this.
I think that sabotage is too harsh a word. It is much easier to believe that they know they will be fired as soon as they complete the job, and are doing everything in their power to extend the “life” of the work. Perhaps to get more money, perhaps just to annoy their customers.
I also believe that RBSM is not above doing things out of spite. But that is not the concern really. The buck stops with the company. They either assume responsibility or they don’t. If they promise something, if they set an expectation, then they are responsible for upholding it.
Not really. I’m just hoping that management one day starts to recover the value of their word.
Lol that won’t help. I’ve been in this ride for a long time. It’s just better to let things be.
Anyone who wants a whole lot of DD in one place should read this post.
If you have doubts as to why “longs” remain strong, you should read this post
4 game cafés + 2 on the way
Distribution of over 500 skus
2 self published games about to hit the market soon
Thousands of customers every week
With the release of the Audits, franchise becomes a possibility and
17 parties have already demonstrated strong interest
“It's coming [the Audits] very soon and a ton of updates to follow once completed. Get ready.”
This is the part that excites me the most.
Think about it. With all the things we know NOW, we can expect a lot of growth in the near future...
But what has the company been working on for the past 2 years?
......!!!!!
I wonder if RBSM are trying to be aholes and delay the audit just to hurt Roger and Ben as much as they can at this point. I mean, looks like everyone wants to get rid of RBSM. If I worked at RBSM and I knew that my client would fire me the minute I give them my work, I could delay the work out of malice
Agree. One would think that after all this time this type of behavior would stop, but it is what it is.
If he starts delivering on his word, his credibility will improve. I’m also hoping that this time will be different.
I just hope that the company delivers some news after the numbers drop
And then we get the free shares as well..
It’s not going to be that hard to get people excited about this stock
As per the Tweet:
“Apologies for late the in the day update re: audit - Ben is flying back to Toronto from his roughly 10 day visit with the auditors to get 2018 audit finalized. Waiting on sign off confirmation so that we can submit to OTC Markets. As of now looks like EOD Monday for completion.”
Is it wild speculation to claim that there is plenty to be excited about in this company?
Well, we do know that we own a dedicated game making company, and that 3 of their (our) games are set to hit the market this holiday season. How will these games do?
By all accounts KTU is already a success on its first run, having obtained an order of 40,000 units. What if it catches on?
And that is only one game. There are 2 other games coming, plus whatever amount of games that Morning makes.
It is definitely wild speculation to say that these games will become media hits, but these games could prove very profitable. How much so? We will see...
Is it wild speculation to assume that S&L will continue to expand? I don’t think so. The company has already stated that there are 17 locations in advanced talks. We just can’t franchise without the audits... but guess what is dropping soon?
And 23 locations (17 in advanced talks + 4 current + 2 acquired) is definitely more impactful than just 4 or 6.
I think it is not wild speculation to assume that there is plenty to be excited about for this company.
When the company decides to start the PR train again. There is plenty to be excited about with this company, the company just needs to let everyone know.
I think that dropping the numbers is the first domino that will start the landslide tho
Look at the free marketing:
“Taking this one to a birthday tomorrow..”
Game is not even out yet and it’s making itself known organically through with the people!
Yea no. Or at least no if we have the same level of press we have now. For the PPS to really increase we will need to see a good campaign to let everyone know what an amazing opportunity this is
1 great performing game.
We have to see. But definitely having a dedicated game making company improves the odds
Isnt that why the audits and uplist are important?
As I understood it, franchises cant open with an un audited company. Once that gets out of the way, franchises will be given the green light to go.
And with more franchises, comes more capital, comes more growth.
I think we are in the border of the moment which will see great growth
Well, the best news is that the Stop sign is going to be removed very soon.
It is great news to finally see the numbers reported by the company. This is vital for us to correctly value the company.
A little bit concerned regarding the 2019 audit and the uplist process. Hopefully this will not delay too much and bog 2020 etc etc ...
Looks like Ben pulled through
I dont think that is a good excuse anymore.
I honestly never placed much hope in the audits from the start. I am however, very much looking forward to the unaudited financials he promised.
I think personal attacks on anyone are unwarranted, and only demonstrate childish behavior.
We are invested in a business. We do not run the business. If we believe in the potential of the business we invest more. If we don’t, we sell. It seems pretty straight forward.
You are right. Actions are needed. A man is worth only as much as his word. If you can’t trust his word, you can’t trust him.
It has been 2 years of missed deadlines, broken promises. This is also true.
But a man is capable of redeeming himself. Actions are needed, and 2 actions were promised to us:
1. The filings of 2018-2019 before the end of the month. Although the company left itself a little bit of wiggle room by saying that all parties assumed this was possible. I don’t like the word “assumed”, but there it is.
2. The company recognized that withholding the Qs during all this time was a mistake, and that going forward they would release the Qs regardless of the audit status. They promised they would release the Q before the November 14th due date.
This is what we must judge them by. The past can not be corrected. Only the present can be mended .
I think he has long given responsibility for the management of Snakes over to Ben.
He only ever stepped in to buy the company and give it cash when it needed it most.
In my mind FUNN (Snakes&Lattes) is Amfil’s biggest asset by far, but it is not one actively managed by Roger.
I think Roger wants to continue looking for companies that have the same potential as Snakes. That seems to be his pet project.
This is actually the power of ONE PR. It’s not even the results, just the PR.
Just IMAGINE how this is going to be like when we FINALLY get results.
THIS
IS
GOING
TO
EXPLODE
In all honesty I (sadly) am very cautious about the dates the company says.
The company has their work cut off for them to recover complete confidence.
But this is the same for everyone. If you tell me you will do something, and you don’t I lose my trust in you. The only way for you to recover my trust is to say that you will do something, and then do it.
My biggest take away from the PR were not the dates in themselves but the fact that they are willing to show their numbers regardless of how the audit goes.
They provided 2 dates:
1) eom for FYE 2018-19 (audited or unaudited, I will take both)
2) before the 14th of November for the Q.
Of course one of the biggest catalysts is the audit, but even the unaudited numbers would be great at this point.
The PR stated that the 2018-19 audits would be signed by the eom, but that the Qs would be released before their November 14th date
I can’t stress enough how good of an entry point this is.
FUNN reached an all time high of .23 back in 2017 I believe. This was BEFORE opening Tempe, BEFORE the opening of Midtown, BEFORE the acquisition of Morning Plays.
Snakes&Lattes is poised for GIANT Growth. Once the audit drops, then the possibility of franchises opens up, and there are ALREADY 17 people interested in opening one. BEFORE S&L is widely known...