Wednesday, November 20, 2019 10:23:48 AM
Snakes has been pumped ad nauseum and it's now clear that FUNN is a 3-5 year hold to see anything like decent returns on Snakes, because of the botched execution and overcapitalization of the failed distribution division.
If they announce (not forward-looking, but completed) contracts/revenues for Gro3, then that would actually take the market by surprise, be positive, and demonstrate credibility, since management pumped Gro3 in the past. My ideal post-stop sign removal scenario is a PR with a Gro3 contract <1M$ in the title. That's probably the only way to genuinely turn this bearish sentiment around.
Snakes won't move this imo because there's nothing we don't know about Snakes, it's 100% factored in imo.
I'm not 100% pessimistic because the Kalvara contract was confirmed. Gro3 seems like it's a dud, but might they have closed a single decent contract over the last 2 years? Maybe, idk. I guess we'll find out soon enough.
Part of the desperation from longs here comes from the fact that everyone thought they were HOLDING SO MUCH BACK, but it's starting to look like they weren't actually holding anything back, just nothing really happened. No cafe expansion happening behind the scenes, no 15 franchises ready-to-go as soon as fins post, no big Gro3 deals unannounced until uplist, etc etc. That's what's missing, everyone thought there would be 'hidden execution'.
There's still time to reveal that hidden execution, so we'll have to "stay tuned", as Roger is fond of saying.
Disclaimer: All of my posts represent only my personal opinion and should never be taken as facts or advice by anyone, for any reason.
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