Wednesday, January 11, 2023 5:20:05 PM
If FUNN is actually serious about moving towards positive net profitability, they should simply close Provo, Chicago, and two of 3 Toronto cafes.
FUNN should obtain a low interest loan to cover 5 years' worth of:
* A CEO who has restaurant and franchising experience
* Accounting services
* 5 years of auditing
and focus on franchising in the USA; where franchisees would be responsible for all build-out and operational costs - and pay Franchising Fees to FUNN (which incorporate costs for accounting, auditing, and marketing).
This would eliminate:
* Need for approving additional common shares; which will dilute Minority SH value.
* Incurring additional debt
* Need to raise cash for buildouts.
Everything posted is MY OPINION! I am making NO buy or sell recommendations here! DO YOUR OWN DUE DILIGENCE!
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