Amfil Technologies Inc (FUNN)

[BubbaInSC]

Cafes Won't Re-Open before 6/15/20, if at all.

IMO, it will take a month AFTER Toronto and/or Tempe Ordinances are lifted that allow non-essential services to re-open.

And, yeah...the FU19 audit ain't gonna happen any time soon.

Auditors, commercial real estate brokers, construction companies are all essential services.

hiring of auditors, signing of leases, hiring contractors can all be completed virtually via Telework from one's own home

Apparently, FUNN doesn't know how to conduct business virtually via TeleWork from one's home.

Come on now, it doesn't take a genius to predict an unprecedented number of bankrupcies coming up, and AMFIL will be one of them, imo. AMFIL leveraged themselves at the worst possible time, and will unfortunately not survive this ordeal. The lawyers group will find a way to back off, if they haven't already done so.

Restaurant margins are razor thin and only the most established casual dining properties with excellent balance sheets will survive. Snake's cannot and will not survive unless they fill the space as they have in the past. This will not happen anytime soon. Depending on what will happen in the next few weeks, I am predicting that Snakes may not even re-open.

Oh, and forget about the audited 2019's...