Not at all, those statements are what is bullshit.
As I have stated before FUNN is a GROWTH company. The myopic lens I keep seeing the company viewed under is out of touch with the GOAL that this phase in the life-cycle for a start-up / micro-cap. I.e can’t see the forest from the trees.
HUGE burgeoning multi multi Billion dollar market
Established LEADER in the market
Increasing revenues and growth
An ESTABLISHED proof of concept on US SOIL
Rapidly Increasing brand
No history EVER of toxic debt
No mass dilution (as AS/OS has gone down even since Roger took over and started cleaning everything up)
I’m not concerned about PnL right now as much as GROWTH. I’ve seen claims citing ‘$155k net loss’ which my answer is WHO CARES at this stage. What matters is revenue growth just enough to PROVE the potential for SCALE. For this stage its only important any terms of financing are friendly, market rate (which for FUNN is true) and the debt ratios are reasonable. (Which again for FUNN is very true)
The next phase in a start up growth company is EXPONENTIALLY bigger. That is the way it works. Comparing the same metrics to mature companies is not the way to go about things.
Big investment dollars come in to the growth companies for a reasons. There are many easy scenarios to think of for why many different companies or financial institutions will jump on board here.
I’ve been in enough start ups for enough years, I’ve articulated out the steps, the reasons the way to approach this.
All investments contain risk, Ive never shied away from the statement or fact. A pink company by default is ‘high risk, high variability’ one will NEVER have all the info and its ALWAYS easy to pick on a pink for X reasons. I’ve also articulated the types of criticisms Are important to review. Core business and structure (forest) vs process and peripheral aspects (trees)
For FUNN I’ve detailed out the reasons I believe in it, for the long term and why. One can argue about any instance or tree, but I invested in the forest, which is overwhelmingly positive.
There are 10k+ pinks, most are junk but yeah, and sure tons of money made playing the momo trade game. But more money is lost for retail investors than gains by FAR on those plays. Because that is what pure SPECULATION and shitty financing with paid promoters does.
I’ll stick with my risk assessments in the world I know very well. I sleep well at night, I know where FUNN is going over time.
$FUNN
