Sunday, November 03, 2019 2:05:48 AM
Only $2.5 mil in revenues in first 3Qs for FY18?
The only significant things occurring in FY18 was the opening of Mid-Town ~November 2017 (FY18)
https://www.globenewswire.com/news-release/2017/11/08/1246933/0/en/Amfil-Technologies-Inc-Is-Pleased-To-Announce-The-Opening-Date-For-Midtown-The-Third-Largest-Snakes-Lattes-Corporate-Owned-Location-To-Date.html
And the acquisition of BANKRUPT Morning late May 2018 (FY18)
Question, how did one get from 2.5 mil to $11.6 mil?
FY18 will likely show additional debt, worsening negative net profits, and dilution?
Pretty sure Market has baked in FY18 numbers, in conjunction w/ the lack of financial transparency for the past 2 years, hence the negative movement of pps from .25+ to the current ~0.07
It's really an audited FY19 that the market needs to see. FUNN execs have recently stated that they'll publish unaudited FY19 financials in attempt to get DEFUNCT/Stop sign removed.
This is consistent w/ FUNN abandoning Franchising. Considering FUNN is almost 6 months into FY20, it's unlikely any franchises will be sold in FY20 - and that FUNN has moved on to Growth via acquisitions (like Guelph). No Definitive Material Agreement was filed with Guelph. That deal likely increased DEBT AND will result in dilution.
Recent FUNN News
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EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM