Saturday, February 29, 2020 3:14:00 PM
The hope is that the public will not be overly fearful, but they shouldn't be naive either... The comparison to the flu is not savvy imo. We dont even know if this will dissipate when the weather warms. There are signs that it might not and we are a long ways from creating, proving and mass producing a vaccine, which we already have for the flu.
Its hard to contain fear when so many people have elderly family/friends, people going though cancer treatments, children with bad asthma, etc. Fear is going to grow as more cases are reported and even though the markets have fallen a lot already, the potential is very strong that it will get worse. The USA story is just developing and only time can determine if its a serious situation or not. Again, the first death was JUST reported and we have yet to see the markets response.
Rogers lack of effort, in regard to improving the way the story is presented and told, has put us all in serious risk. He could be forced to raise a lot of money at a very bad time to do so. There is no excuse for applying so little effort and letting the share price collapse. FUNN should be .10+ with a much larger shareholder base. All he needed to do was leverage the info that ALREADY exists into more interest. Its really not that hard!
When the price was a lot higher he was raising money at .02... but I doubt he could get .02 now and he might need $X,XXX,XXX to sustain the 250 employees, rents, etc as restaurant attendance declines. They were not profitable + accumulating a lot of debt before this, so unless KTU sales spike dramatically i dont see how they wont need more $$$ near term.
My messages contain many opinions. Please do your own research
and validation.
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