Amfil Technologies Inc (FUNN)

[coydiggity]

These are already shares that are accounted for in the share structure. Not new shares being added. Mr. Chhabra seems to also be in this for the long haul, so there is no way to know how soon he would convert. He's not stopping at four new cafes. And he's not stopping at ten either. Tempe has established that the business model is a success on U.S. soil, and now it will be replicated across the country. Selling his preferred shares at a low price makes no sense whatsoever.

There is also a big difference between good dilution and bad dilution. Building four new cafes will bring added revenue, brand exposure, etc. It did not take long for Tempe to build a fantastic customer base.

Once the construction gets started and we see multiple sites being worked on, this will generate much more excitement, and with it a likely rise in pps. A common complaint I see is the slow pace of the expansion. This is all changing with Chhabra and his infusion of private investment dollars coming on board.

So I'm very happy that he is the new partner in the company, and also thrilled with Roger giving up his own stash of preferred shares to make this expansion happen much more rapidly. This is the best thing to happen to FUNN since Roger acquired Snakes & Lattes.