Replies to post #255329 on Amfil Technologies Inc (FUNN)

[BubbaInSC]

Proof Showing FUNN LOSING $$$

Time for CEO to prove they are positive net profitable

New acquisition model will increase debt AND dilute; since FUNN likely doesn't have much actual cash in hand. Note how CEO didn't provide any details of the Guelph "acquisition"? He could have, and chose NOT to reveal to the Market and minority shareholders. CEO won't divulge a single relevant detail UNTIL October 2020; since the "acquisition" occurred in FY20.

Please name a company that FUNN CEO has brought from bankruptcy to positive net profitability? Since no one; including FUNN CEO has provided such information, then CEO has brought ZERO companies from bankruptcy to positive net profitability.

FUNN Does NOT own any US Cafes.
3/26/18
https://www.globenewswire.com/news-release/2018/03/26/1452828/0/en/Amfil-Technologies-Inc-Announces-The-First-US-Based-Snakes-Lattes-Inc-Location-In-Tempe-Arizona.html
Quote:
The project has been fully funded by a private investor in Phoenix who has not only agreed to finance the full build out of Tempe but has also committed up to a further 6 locations in the Western and Southwestern United States over the next 5 years as the right opportunities become available in the targeted cities.


CEO has sold 0 hardscape and café franchises in the past 2 years.
Since no one, including the FUNN CEO, can provide a link that proves that franchises were actually sold - then FUNN has, in fact, sold ZERO hardscape and café franchises. On top of that selling of franchises requires a recent audited FYE financial - AND WE ALL KNOW FUNN CEO HAS FAILED TO PRODUCE THE FYE18 AND FYE19 AUDITED FINANCIALS.

Midtown opened dec 2017 (FY18)
https://www.globenewswire.com/news-release/2017/11/08/1246933/0/en/Amfil-Technologies-Inc-Is-Pleased-To-Announce-The-Opening-Date-For-Midtown-The-Third-Largest-Snakes-Lattes-Corporate-Owned-Location-To-Date.html

The acquisition of the bankrupt Morning was completed May 2018 (FY18).
https://www.globenewswire.com/news-release/2018/05/29/1513112/0/en/Amfil-Technologies-Inc-Acquires-Morning-Board-Game-Publishing-Distribution-Company-From-France-in-an-All-Cash-Deal.html

FY18 is going to be abysmal. Market knows that.

And FY19 is when Tempe will show up as Partnership Income, a piddly amount.....RFLMAO. Can't record as revenues, since It would be against GAAP since tempe involved a Partnership Agreement