My two cents. When this stock went from less than a penny to 8 cents a share, it did so because things were moving forward. That was when Amfil bought Snakes & Lattes and the outlook was excellent and the PPS rise was well deserved, IMO.
When the PPS moved from 8 to 12 cents a share, it was on optimism of things happening with the newly purchased entity and I thought the rise in PPS was well deserved again.
When the PPS moved from 12 to 23 cents a share, it did so on hype and exuberance, and I think it didn't deserve that big of a move at the time.
Emotions then took over, which was proven by the fact that the PPS came back down to 16 cents a share pretty quickly, and then back to 12 cents a share soon after.
When the PPS dropped from 12 cents back to 8 cents a share, it did so on the audit debacle and probably deserved to drop based on the company's bad decisions.
When the PPS moved from 8 cents a share to 4 cents a share, over the past month, I don't think the drop was warranted. Just like the overreach that occurred when it went up to 23 cents a share without merit, I feel this drop is also without merit.
Part of it might be because of the negative outlook scaring away new money, or doubting our convictions as shareholders in the potential, but if we look at the company, we have gone from 2 venues and 0 self-published games when we went to the overpriced 23 cents a share to now 4 cafes, 2 more self-published games in the works, 1 great game doing well, a second game published, and we bought the distribution center for Kickstarters on the western coast of Canada. They have grown as a company and things are actually looking up as a business. The 2018 audit is finally over, and the debacles of the past are beginning to be in the rearview mirrow. Tempe was opened and Tucson will too, as well as one or two more in Canada. We are much bigger and in a better place than we were before. Yet we are down on the stock, on emotion, just like the emotion on the positives that moved us irrationally to 23 cents a share.
IMO, this drop to 4 cents too should be short lived, for the same reason. It is an overreaction based on emotion and not based on what the company is doing at this time. I'm pretty confident we will go back to the 6 to 8 cent range shortly where we probably belong. Then, as revenues continue to go up, as Kill the Unicorns continues to sell, as new cafes finally open despite the delays, as new mom and pop stores continue to sell our games/pigicorns, we will deserve to probably move back to the 12 or even 15 cent range. We might overshoot to 23 or undershoot to 10, but the market is based on emotions and not pure numbers, so stocks go up and stockds go down based on more than just the results of the company.
There is no way we are worth only 4 cents a share though. Just like the 23 cents a share was an aberration, so is this. It hurts, but like the 23 cents, it should reverse and go to where it deserves to be, a much higher number, based on the company results, not on thoughts or emotions. IMO, it's worth more and we should see it turn around because of that.
$FUNN
