Tuesday, September 07, 2021 8:49:50 AM
There will be no uplisting for the rest of CY21; as FU21 audit is required
very odd that after 9 months; FUNN doesn't know when WipFli will complete the FU19 and FU20 audits. No way WipFli doesn't know. If they are as qualified as FUNN indicated, they should have had an estimated time of completion - DURING the "engagement letter" December 2020. Absolutely no info/update on audits since 3/29/21. RC now quit/fired on 6/30/21 - and still NOTHING on audit.
Former CEO RC failed to deliver the most important thing for the company; filing the FU19 and FU20 audits AND uplist before 6/31/21
It was bad enough he was 0-fer-10 for new cafe leases; lost all investors to boot. Wasn’t he one of those investors? Or was that inked deal bullshyte from the start?
Before leaving, he should have included FU21 audit in WipFli’s Scope of Work to be completed with a deadline of 10/31/21 AND broken down by business segment AND in compliance with all franchising requirements
To place FUNN in a position to uplist and SELL franchises in FY22; which began 7/1/21
FU19 and FU20 audits are USELESS at this time; except for corrections in financials (probably to the downside)
Another opportunity missed......again
Franchising = DEAD
No Uplisting
It's hilarious that FUNN is fixing their accounting issues every year for the past 5-6 years? Recycling the same BS excuses, year after year after year
Everything posted is MY OPINION! I am making NO buy or sell recommendations here! DO YOUR OWN DUE DILIGENCE!
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