Time for some new boogiemen. RBSM hasn't been involved here for 6+ months, well before COVID came along. Market makers aren't all-powerful mafiosos out to get investors by driving PPS down, down, down. That's the sellers driving the price down, down, down. And there's been a TON of selling over the past 3 years due to FUNN bungling the operation of their business.
If the PPS is to go up, then FUNN needs to start executing on the long list of things they keep Tweeting instead of falling on their faces over and over.
* Audits. Still waiting on that 2019 audit that will only take "4-6 weeks". Clearly the ongoing audit debacle is FUNN's fault and not the boogiemen auditor's fault. That's been clear since the get go when Roger spelled out during the first audit's delay that their books and records weren't in order and they couldn't quickly produce paperwork requested from the auditors.
* Uplisting. Never going to happen at this point, we can stop waiting on this one.
* Free spin-offs. Is going to be worthless anyway, they're trying to spin-off junk that generates no revenue. It'll cost more to create a new publicly trading entity to spin them off into than some .0001 shares will be worth.
* Cafe growth. The one thing they should be able to easily accomplish, but they can't do that either.
* Self publishing games. Sounded pretty exciting, but they couldn't even produce games that could pass customs in their own friggin' host country, and was 1+ years late to market.... and apparently cannot even sell a mere 35k games in 6 months. So this is a total bust apparently, and probably not even breaking even on the cost of buying and operating Morning.
And that's all before COVID's was foisted upon the world.
All of the failures, the horrible multi-year decline in PPS, the bearish moral of investors on this ticker, ALL OF IT lays at the feet of Roger.
Once upon a time this ticker held mountains of promise. Unfortunatley, that was 3 years ago before Roger has blown every plan presented.
