Replies to post #260808 on Amfil Technologies Inc (FUNN)

[coydiggity]

Great seeing you stop by Rec! Looking forward to the upcoming audited fins released. Take care man!

[Juancy]

Good to see you, rec! It's been a while. To add to your post, here are the visuals to the numbers you provided:



$FUNN

[nancynande]

Thanks rec

[BubbaInSC]

Numbers are off?

Only $2.5 mil in revenues in first 3Qs for FY18?

The only significant things occurring in FY18 was the opening of Mid-Town ~November 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

And the acquisition of BANKRUPT Morning late May 2018 (FY18)

Question, how did one get from 2.5 mil to $11.6 mil?

FY18 will likely show additional debt, worsening negative net profits, and dilution?

Pretty sure Market has baked in FY18 numbers, in conjunction w/ the lack of financial transparency for the past 2 years, hence the negative movement of pps from .25+ to the current ~0.07

It's really an audited FY19 that the market needs to see. FUNN execs have recently stated that they'll publish unaudited FY19 financials in attempt to get DEFUNCT/Stop sign removed.

This is consistent w/ FUNN abandoning Franchising. Considering FUNN is almost 6 months into FY20, it's unlikely any franchises will be sold in FY20 - and that FUNN has moved on to Growth via acquisitions (like Guelph). No Definitive Material Agreement was filed with Guelph. That deal likely increased DEBT AND will result in dilution.

For reference: Financials 2017/2018 thru Q3

FY2017 Q1: $28,477
FY2017 Q2: $1,542,389
FY2017 Q3: $1,809,064 g
FY2017 Q4: $3,251,043
FY2017 Total: $6,630,973

FY2018 Q1: $5,900,374
FY2018 Q2: $3,307,549
FY2018 Q3: $2,445,949
FY2018 only 3 quarters in: $11,653,872

One can use these as a point of comparison when the audited financials are eventually released.