Wednesday, April 22, 2020 11:35:26 AM
Perfect example of doing the right thing at the wrong time, and being caught with your pants down. The idea was great, the execution passable, and the communication lousy.
The recent stock price action, and the resulting market cap, are reflecting only one thing in my opinion: Bankrupcy. This will come as a shock for many shareholders, but once the flow of money has stopped, young and very leveraged companies like AMFIL find themselves in a rotten pickel stuck between major incoming bills, debt servicing, contract renegociations/or cancelation, major long term social handicap that will create antipathy toward large group of people touching and playing with board games etc...
There is absolutely no way that ANY food serving and board game playing outfits will reopen any time soon and not be deep in the red. Snakes cannot and will not sustain the losses, and the rate at which the stock price is falling is reflecting just that, upcoming bankrupcy.
What's the market cap today?
What was it mid February when hell broke loose?
Yeah, down a staggering 85%!
And of course, this is all my opinion.
Recent FUNN News
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM
Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • KGKG • Jul 17, 2024 9:00 AM
Avant Technologies Welcomes Back Former CEO with Eye Toward Future Growth and Expansion • AVAI • Jul 17, 2024 8:00 AM