Amfil Technologies Inc (FUNN)

[Cat]

We have 3 locations open, 1 opening this month, and 9 more in the works (announced only...US expansion team working on many more..). That’s 13 locations or 26 million annual revenue (based on revenue from current locations).

So far this year, distribution brought in about 3x more than the location number. That will probably roughly continue as more locations open in the short term, because of self-published games (big revenue), more exclusivities, and expansion into the US game market (over 10x the size of Canada!). So if this 3x ratio keeps up as retail grows, it would be 78 million annually.

NSI was at 17 million I think, so let’s assume they can get back to 3-5 million annually.

Just from EXISTING, VERIFIABLE growth occurring RIGHT NOW, this sums to annual revenue about 109 MILLION in the relatively short term. And we would STILL have huge room to grow — both cafes and board games are a mega billion dollar industry worldwide.

At today’s PPS/revenue ratio of 3x, that would be a PPS of about 70 cents. If there was some warranted hype and growth expectations like most growth stocks have, or some REAL mj excitement from Gro3, that ratio could easily get to 7, 8, or 10. In which case PPS could be as high as $ 2.35...

Again, this is NOT assuming some wild growth or unpredictable things happen. It’s assuming a cafe increase to 13 and corresponding growth in the distribution+publishing side, based off EXISTING initiatives only. Let that sink in...

But Snakes will reach 25, 50...175 cafes, and corresponding distribution/publishing growth....let THAT sink in!