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Re: Goodbuddy4863 post# 268244

Wednesday, 11/27/2019 11:16:06 AM

Wednesday, November 27, 2019 11:16:06 AM

Post# of 346661


I gave him the status report for 2018, 2019 and Q1 of 2019 and then He said as soon as the Yield sign comes down ...all FUNN trades will be executed.



My review of the 2018 to q1 2019 reports is that there is NOT transparency of known public transactions and the accumulated debt causes the auditor's to question FUNN's ability to be an ongoing concern without further capital raising through share issuance.

Through the current financial discipline and disclosures (costing well in excess of $300k via disclosed debt conversion transactions alone), FUNN has succeeded to remove the stop sign (as management said it would). A huge step when we consider how poor financial rigour must have been at snakes prior to FUNN making the purchase. This in my opinion caused FUNN no option but to go dark until financial processes were put in place.

I don't know why OTC would remove the stop sign in steps... I suspect the yield sign might be the end result of the current review of information provided.

The definition of the yield sign is accurate in my point of view. The current reports do not have all required financial disclosures and the plan to manage debt (and viability) through security issuance has not been formally established.

YIELD definition - Designed for companies with financial reporting problems, economic distress, or in bankruptcy, that make the limited information they have publicly available.



"Reporting problems" made clear as day to OTC Markets definitions, is company is NOT able to submit reports in the right format with required information! The management responsible for submitting these reports should be embarrassed.

If this YIELD sign is the end of the current review, then it is likely to stay up for six months (at least).