Amfil Technologies Inc (FUNN)

[Cat]

Because all 4 cafes are currently closed...these financials don't reflect the current situation with the closed cafes.

With no revenues coming in and 200 people on the payroll, there's a good chance the next quarterly financials will have lots more debt and convertibles to cover that deficit. There's a reason this thing is at 1 penny and still barely anyone is buying shares. Bankruptcy is a MAJOR risk with Snakes in this environment.

The only question in this environment is, why would anyone buy a subpenny stock with major bankruptcy risk when they can be getting an 8% dividend with Exxon Mobil? Or if they have more appetite for risk, something like The Gap for a 13% dividend. But why Snakes, which yields 0% income, and has been buried under convertibles, major dilution, and incurred massive net losses BEFORE THE LOCKDOWN EVEN STARTED?

Again, there's a reason this is trading where it is.