Wednesday, January 11, 2023 5:07:48 PM
Here's Why
FUNN has no cash or common shares to give to any potential suitor.
FUNN is unable to secure any low interest small business loans due to active liens, massive cumulative debt, and ongoing operational losses. Not a single positive net profitable cafe in entire history of existence. Guelph and Glendale shut down or never off ground.
Noone who is in their right mind would strike a deal with existing FUNN execs when they realize that they have demonstrated that they don;t know how to run a restaurant, and don't know how to run and operate a publishing company, distribution company, MJ company, Gro3 equipment company.
But hey, dey got shoveling and pavers down pat.....lol
Look at their tweet on the alleged 2 funded cafes that are allegedly pending closing SINCE 2021 - ROFLMAO
Expansion VIA TAKING OVER BANKRUPT CAFES IS A BAD BUSINESS MODEL BECAUSE FUNN HAS NEVER BROUGHT A COMPANY OUT OF BANKRUPTCY TO POSITIVE NET PROFITABILITY - EVER.
Guelph is an example. Now shut down.
LA/Glendale never happened.
Provo will likely be next. Alcohol is the biggest contributor for revenue and moving towards positive net profitability. IMO, StupidAF to operate a DRY RESTAURANT in A DRY TOWN.
If FUNN is truly interested in moving cafes to positive net profitability, they will likely need to CLOSE Provo, ChiTown, and two Toronto cafes.
oh, and get rid of their active liens by paying the $$ that they owe. When do the monthly payments end??2032??? ???? RFLMAO How much do they owe? What were the IRS penalty amount? No positive net profits for Tempe and Tucson any time soon.
The doo doo is deep. Key words.....since 2021
https://www.snakesandlattes.com/shareholders-faq
Everything posted is MY OPINION! I am making NO buy or sell recommendations here! DO YOUR OWN DUE DILIGENCE!
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