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Re: coydiggity post# 286900

Thursday, 02/27/2020 10:00:07 AM

Thursday, February 27, 2020 10:00:07 AM

Post# of 347082
The audits are just one in a long line of things FUNN has announced by failed to accomplish. They've horribly eroded confidence with their failure to execute. And financials are a critical aspect of running a public company.

* They announced audits.
* Audits are required to accomplish the announced uplist which still hasn't happened.
* Audits are required to franchise in the US which they don't even mention any more.
* Audits have been horribly delayed painting a very poor picture of FUNN's book/record keeping.
* Audits don't reconcile with the unaudited numbers, one being nearly half of FUNN's unaudited revenue numbers.

Are the audits the ONLY reason the PPS has been in a multi-year decline? No, the audits are just the tip of the iceberg.

If somehow FUNN can sell $2MM worth of games and actually manage to tell us about it. And somehow manage to open new cafes. And manage to sign leases for a handful of future cafes. That'd be a start. Unsure how that all fits in if there's still ongoing financial filing issues and lack of audits to verify revenues, etc.
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