Amfil Technologies Inc (FUNN)

[BubbaInSC]

When Will Other Shoe Drop? Next Leg Down Soon?

Technically Still Right On Cue

Resistance at 0.012
Good that pps is still above 50 day MA of 0.01

Bad - RSI turned over

Good - Tempe abandoned stupid idea of Takeout only and is at 50% of seat capacity or worse.

Bad - owning whole supply chain has sucked since May 2018

Bad - FUNN has had opportunity to hire another auditor since June 2019, and could have had the FU19 audit filed by Sep/Oct 2019, but didn't.

Bad - 3 Toronto cafes still closed

Bad - after 21+ months FUNN has still signed 0 new leases and hired 0 new construction contractors.


The only catalyst that would prevent the next leg down is an announcement that 10 new leases were signed, 10 contractors were hired, and 10 new cafes will open by November 2020



2/13/20
https://www.otcmarkets.com/stock/FUNN/news?id=253866

Funn is not holding and the next wave of selling has not started quite yet. Down over 85% in the past few weeks, so it is taking a short break before heading down lower.

20% of all food service cafes/restaurants Nationwide will never re-open. Another 20% will re-open to take advantage of the ppp loans, but will close shortly thereafter. I am absolutely certain that Snakes will unfortunately fold in the second wave. 85% occupancy is required to break even, and it will be a cold day in heck before Snakes can even come close to 50% occupancy.

The other shoe will fall soon enough...