Amfil Technologies Inc (FUNN)

[BubbaInSC]

b4utrust Thanks for update

I appreciate the additional update.

How did you find out about the change of dates to being closed indefinitely "for repairs"?

Susan's "justification" of abruptly firing employees without notice never made much sense; especially hearing the ex-employees stories on what transpired after the "acquisition". And, being able to secure contractors for the renovations - and complete w/i 2-3 weeks, hire and train new staff by the 3/16/24 "reopening day" was totally unrealistic; since FUNN management has proven time and again - that they simply cannot execute anything in a timely manner.

Do you think the new staff can install the cappuccino machine and bring the kitchen and lights to code? LOL :)

Hopefully, you can visit the site every couple of weeks to give us an update on that location?
I'm assuming you've played games there. What was your experience like?

I mean at this point it's pretty clear they have no clue what they're doing or talking about. In 5 years they've lost 99% of the value of the company.

As for the remodel in Virginia Beach that was originally supposed to reopen this Saturday, it hasn't even started. It got pushed a month then no date to reopen at all. Is the current plan to basically sit on a location full of costs with nothing coming in indefinitely and hope the local hate dies down enough to be able to reopen sometime later this year? I mean sure people may move on in another 6 months but how much is rent and utilities costing plus loans on a location that's not making a penny. The location is approx 3000 sqft and the rate in that shopping center is roughly $18 sqft/yr so that's $4500 a month in costs in just rent. So if they're not opening until April that's $10k in rent not counting utilities, insurance, etc, pest control etc. And if it's longer than that which is the implication with no actual date now you're looking $15-20k for nothing. Or more. And that's not counting any loans taken to do the buyout and rebrand to begin with that are now due. How many tens of thousands are going to be sunk into this location for it to sit and do nothing? Given the ineptitude of the people in charge can you even think they're capable at this point in being able to spin this story and get the locals and regulars to want to come back? Or is the company just going to burn money on yet another location that they can't turn a profit on or figure out how to properly run?