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Friday, October 28, 2022 10:52:09 AM
Ummm, FUNN's current Model of expansion is to buy unprofitable, bankrupt game cafes and to continue money losing operations via even poorer management.
FUNN execs are unable to secure low interest bank loans to cover 5 years worth of:
a ceo with restaurant and franchising experience
annual accounting services for all sites
annual auditing services for all sites
FUNN basically shot selves in foot, due to mismanagement of $$ and resources, have very little cash on hand, deep in doodoo debt, bad credit, active liens.
I doubt that anyone is interested in FUNN. Big Boy Pantie Partners are more likely laughing at FUNN and more than happy to see them die on the vine. Seriously, what does FUNN actually have that is proprietary? Nothing. FUNN's current assets are worthless. Brand name - worthless.
Yet, insiders rewarded selves with $3.5 mil worth of preferred and common shares?
If/when this management announces they have partnered up with a well known BIG boy to expand, FUNN has the potential to run back up and break the all-time high of .235
Everything posted is MY OPINION! I am making NO buy or sell recommendations here! DO YOUR OWN DUE DILIGENCE!
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