Amfil Technologies Inc (FUNN)

[jrf30]

According to otcmarkets latest news posted, Rogen has resigned as CEO of Amfil Technologies as of the end of his term which ends June 30th. Today. My thoughts on it?

First and foremost, I think it is a loss. I am sad to see it happen, as I thought he could do a lot of good things for the company over the next year or two. Neither he nor I thought he was the answer long term, as a restaurant savvy or franchise oriented CEO needs to be in those shoes at some point, but for now he was a good choice. So losing him is a negative thing, IMHO.

What does it mean for FUNN? It means a bad day on the market as the bears tell the world that FUNN's world is ending. Spoiler alert - it is not. A setback yes, but not the end of it all. The company has management in place and it shall stay in place. It has even expanded recently, not meaning the Rogen appointment. We are moving forward with things, including the new dispensary in Canada that shall hopefully open soon and the plans of new locations for Snakes & Lattes in the future. Despite rumors and even bold statements to the contrary, not all the venue investors are gone, and future locations SHALL be opened. We shall continue to grow, and work past this. Our existing restaurants are doing well. Tempe is way above it's past numbers for the summer months, and Tucson of course is new so there is nothing to compare it to, but they are growing and working towards being ready for the school year which starts in about 5 weeks. Chicago is open and shall contribute to revenues this new fiscal year which starts tomorrow. Toronto will finally open (shocked that they are still closed, and the lack of dealing with COVID through Canada) and our cafe revenue numbers shall go UP by a LOT over two years ago and of course over last year since we dealt with COVID. So long term, this setback shall become the past, the future has not changed at ALL, and we should continue to grow and expand.

But that doesn't mean it won't be a long day today