Fortunately, is not in the same scenario. FUNN is reopening and has continued operations this whole time. They had reduced expenses and government help. Multiple forces in the favor to survive and thrive.
So, that claim is pure rhetoric conjecture without support.
I look forward to long lines again post the world coming off CV pause.
FUNN may even get many boosts as it may be able to get conversions and real estate much cheaper than before.
What is supported is a growth company going through the paces of doing real work to build a real business with real infrastructure. From claims I see of 'failure' on what is not, might as well claim 'FUNN hasn't landed on the moon'
All sorts of initiative will continue to happen but they just keep growing. Initiative like KuKum were successful or NSI was amicable and separated no harm. They both simply went on to expand on do their own thing. We were always a temporary investment and support.
What’s more important is the Amfil accomplishment list. It just keeps growing and knocking out milestones. I like to focus on ‘what is’ like ‘Amfil Built an entire global manufacturing and distribution system to produce ship our games around the world, and now that pipeline is ramping up at a nice rate’
Otherwise might as well state ‘Amfil hasn’t broker any world peace treaties!’ Because it is equivalent in value.
Awesome that Amfil continues to increase revenues over time in the millions
Awesome that Amfil has done the work to get through initial audits and continues to make moves to enable moving up the market place tier. The last 3 years of aduits alone are more than 99% of all pinks in the history of pinks ever accomplished
Awesome that Amfil has their financials together and discloses on time
Awesome that Amfil communicates more than most companies, giving updates and news on a regular basis
Awesome that Amfil that has done the works for a basis to uplist and scale post fy19 audit
Awesome that Amfil has zero toxic financing and uses limited targeted financing like every other growth company in the history of all growth companies
Awesome that Amfil has a years long working relationship with Walmart and Walmart continues to be a customer
Awesome that Amfil continues to have locations built out, and because they have done all the work, can have large scale initiative with new resources to drive execution.
Awesome that Amfil will give out free dividend shares post uplist and spin off, and all the work they have been doing gives confidence its only a matter of time, and will happen in 2020.
Awesome that Amfil will get the 2019 out and keeps growing while its happening in the background
Awesome that Amfil is growing fast, in real world time with real resources and real project targets. They continue to expand and looking forward to several new locations this year and several more in new locations and construction started for calendar 2021 and beyond to have a continuous strean of locations opening.
Awesome that Amfil has a strategic place to bring up locations via smart investors to accelerate growth.
Awesome that Amfil got through the long 99% sample rate million plus transactions audits and stays on the path to uplist. Removing the stop sign created by RBSM's incompetence and getting back to pink current, and growing the whole time. Coming out much stronger as a company than before.
We simply continue to grow and build. Always forging ahead regardless of topic du jour.
1) We have 3 years of audited financials proving the growth from sub millions to $8+ million and over $10 Million in FY19. I would generally expect a new upscaled auditor is announced in Jan. as well. Looking forward to having a new auditor to take us to the next level.
2) We have grown immensely since those initial audited financials have been in place, adding scaled functionality (e.g. accounting) as well as capability (e.g. production)
3) We have locations packed every night and massive amounts of reviews, photos, videos that continue to pour in weekly. 1000’s of customers every single week! While the CV has the world on pause, this will happen again soon enough.
4) We have 1500%+ retailer growth (Over 190 now) and it continues to grow
5) We have 10000%+ SKU growth(Over 580 now) and it continues to grow
6) We acquired and developed AN ENTIRE SELF PUBLISHING OPERATION. We have a whole supply chain set up with a strong manufacturer and logistics shipment line
7) We have received GRO3 POs, and have installed with Kavalara, proving the product in the field!
8) Cineplex has INCREASED their business with us, a multi-billion company with 13k employees and millions of customers, exposing Snakes to a large audience.
9) We have a staff of 200+ and its not slowing down as more functions and capabilities are created.
10) We have massively increased warehouse space, and looking to expand in to USA for space.
11) Snakes IS the only public BGC company and the market leader for BCGs, ‘The Mothership’ of BCGs as cited in articles and industry.
12) We are supporting all of this without any mass dilution and there has been no toxic financing in FUNNs history.
13) From Financial Statements, we can see the company is generating a gross profit and using the money to develop the company, exactly what you want your growth company to do. (avoiding taxes and minimizing the need for further financing)
14) WALMART is a customer. They value their space, and do DD before taking on suppliers. Snakes has a good relationship with WALMART and they enjoy the first couple months of exclusivity. Regardless of KTU, WALMART is a friendly customer.
15) We have A TON of 3rd party news and reviews, and how much excitement there is around Snakes, especially when a new location becomes announced.
16) They have the WHOLE Supply Chain: Design-Production-Distribution-Retail-Service
17) They have shipped LARGE PRODUCTION ORDERs of KTU and Red Panda for the holidays world wide. The Board Game market has grown to $12 BILLION, and we have a ton of retail shops now carrying our product.
18) We have the second USA location going up, Tuscon, the demoing has started and construction is underway. They even recently tweeted on the construction with photos. The permits are in. There will be many new locations all over the US coming!
19) Snakes is popular in so many aspects of the Gaming community. Many special events and designer nights. All these inroads are synergistic with core operations and continue to further deepen the brand + its industry weight
20) KTU KS backers received their games and posting online positive reviews. In fact some pretty clever unboxing videos have even been made. This is a core customer base, who will continue to be loyal to our next KS self published games.
21) We hired a whole new accounting team to manage FY19 and beyond under the new corporate level accounting system. This system is now upscaled for years in the future.
22) We have changed our ticker to FUNN, as the premiere sub Snakes will become its own entity. An incredible and focused investment package which higher level investors can better consume and invest in.
23) From recent updates, we see FUNN making the strategic changes for scaling the business, learning what is the most lucrative and efficient things to focus on and set those for scale.
24)We now have another location coming in the form of an existing BGC conversion in Guelph, Ontario! There will be more and more of these as single BGC’s recognize the brand strength of Snakes and want to be a part of the success!
25)We SOLD and CONTINUE to sell KTU and Red Panda retail orders in the holidays, high margin product! Sales only CONTINUES to ramp UP! Retail locations selling our product around the world continues to increase!
26)We will get the information while we wait for the FY19 to reclassify as SELLER and get MILLIONS back in to our recognized revenues. The shipments have arrived will be distributed and more continue to come
27) We survived the stop sign and come out stronger, after more than a year. A very rare show of strength down at this level, we are now Pink current and moving towards QB
28) Many Many retailers popping up all over the globe selling our self publish Games, these retailers are even higher margins for FUNN than the giant single Walmart orders. Numbers are reaching multiple hundreds now!
29) We have upscaled our attorney to Greenberg Taurig, a top ranked USA and Global law firm. These are the kinds of moves made while growing and scaling.
30) We new management motivated and committed to a 10 location build out! To accomplish this, we have added a partner to the team for the USA expansion and given proper incentive where everyone wins: The USA team doesn’t get their commissions until after the 4th location is up and running! MORE important, they have the ability to execute and get things done. Now that we have that system business and process control in place, we don’t have the resource choke to move forward on new locations. Rogen will circle back on previously announced locations of interest and work on new locations as well. Look forward to more and more locations!
31) We have NEW games starting development in the works. Over time we will build out an entire library of self published games, continuously producing and shipping all over the planet!
32) Roger has proven be look out for shareholders by staying the path and building up the company, and even given up some of his personal equity for the greater of the company. This is certainly a rare trait among CEOs for growth companies, and appreciate he continues towards the vision of #worlddomination.
33) Our fundamentals only continue to improve, solid revenues Q after Q, and games sales are about to kick in Q320! Debt getting cleaned off books, and great stage set for the next phase of accelerated growth
This is not faith, speculation or conjecture. This is evidence. These are all verifiable facts.
With the new 10 location deal, we are seeing the payoff of all the work that has been accomplished. These deals don’t happen in an instant; they happen because all the foundational infrastructure and process created over the past couple of years is the BASIS from which these deals are born. I look forward to seeing more deals of this magnitude and bigger in the future! These deals will KEEP coming, the CV situation may even allow us to pick up many locations for CHEAP, conversions too!
RBSM released the initial 3 years of audits, they aren't going to stop having audits suddenly, I’m sure the next audit will be announced soon enough. (even if RBSM again, which i’m 50% sure it will not be. Now we have a baseline and scaling, we should be ditching these auditors and upscaling them just like we have done with our new law firm.)
This is where due diligence is important, combined with all evidence available, to create a risk profile. Risk profiles are also personal to an investors risk tolerance. There are plenty who will wait for the QB before investing. They will pay a significantly higher premium, and that's okay. They will still be early, just their multiples will be a lot less than the earliest investors as it should be, but it works for them.
For me i'm in from the earliest I could have been once I discovered this gem and did the dd: I have combined a ton of research, poured over the evidence, utilizing my experience and knowledge of the market places and growth companies and believe I have created a highly supported positive outlook. I have searched for other outlooks, with a supported narrative, but have yet to find one.
We will get to the QB, it won't be forever, just the moment from now until will feel like an eternity. It always does.
Once the FY19AF comes out, we uplist to a more appropriate marketplace suited for growth companies. All history will vanish in an instant. Markets are forward focusing, the institutional investor will absolutely not give one shit what anyone thought of Roger this whole time. The amount of money that will come in will dwarf the entirety of the pink market place investor community. They will see the infrastructure that has been built, the distribution, the supply chain, the business model, the revenues and they will say 'I WANT SOME OF THAT'. That is the future here, that is what will happen. Given we received the commitment for the 10 location build out, it is ALREADY happening, despite the CV situation, we will survive and THRIVE.
$FUNN
