Amfil Technologies Inc (FUNN)

[BubbaInSC]

b4utrust_You_Hit_Some_Key_Pts_on_Why_FUNN's_Expansion_Plan_by_Acquisition_Have_Failed

Provo also comes to mind. Considering alcohol is an important source of a cafe/restaurant's revenues; the S&L morons thought it would be good idea to acquire a cafe where the locals don't drink alcohol........ Stupid as F*ck...... Yes, let's upsell fountain drinks with free refills.

Thanks for a genuine, sincere, thoughtful post.

I found out about the reschedule from keeping track on their internal postings on their board, as well as local postings on the Facebook page for Virginia Beach and the local groups there that have definitely been keeping track of everything. And yes I am a local there.

And I can tell you from personal experience as well as others in the area, the staff was the only reason a lot of us even kept going. Since S&L took over, cost went up, quality of experience went down, food quality went down, and the entire atmosphere changed. While I recognize this is an investor forum, so some of this commentary may fall on deaf ears, there was a definite tone shift in my opinion from a more casual locally driven establishment to one that definitely felt more corporate. Which is not exactly what I and a lot of people look for as gamers. Local gaming communities tend to be very big on supporting local, because gaming for much of our lives has been a very niche hobby, be it board games, role-playing games, card games, what have you. So the type of people who opened the shops and places that supported this hobby were usually locals and enthusiasts just as much as we are.

So a corporation coming in, doing a buyout and a rebrand while basically doing away with what made the place somewhere we wanted to come, doesn't exactly spark a lot of loyalty in the community, certainly not the sort of repeat customer base that you want to have coming there every week with disposable income. Then abruptly firing the entire staff, all of which were local gamers an active members in our community... Well, you see the fallout and the backlash of that decision.

Local breweries are already setting up board game nights, there's at least two people I know of who are actively working on separate business plans to set up competing establishments, most of the major gaming stores in the area are increasing the amount of community game nights they're hosting in response. How bad do you think it's going to look when the follow-up news articles talk about community engagement and donations to the fired employees until they can find new jobs, or the charity auctions for them because corporate is incompetent and can't manage a location. Personally, I don't care if the site ever reopens, I can tell you that there's hundreds of people in the area who spend tons of money on gaming that will never spend another dime there. This isn't a generic sit down restaurant or fast food place, this is a niche establishment designed to more or less cater to a demographic that they just ostracized and turned against them. Sure, they may get the drop-ins and the casuals who don't know, and with the area there's always tons of new people moving in and out, but that's not going to keep them open for business long-term. For that you have to have regulars who frequent the place often. And that's gone.