Replies to post #262831 on Amfil Technologies Inc (FUNN)

[Juancy]

The "acqusition" model was another strategy that they decided to implement. Where do you see that they abandoned their plans to open new cafes? If anything, they are adding to their strategy.

From the P.R.:

Acquisition Strategy

The company has begun developing an acquisition strategy to merge existing competitors, starting primarily in the Canadian market. Many companies have reached out to have their individual locations being added to the Snakes & Lattes network at minimal cost. The company anticipates that this strategy will reduce risk within new markets, while concurrently increasing brand awareness. Multiple competitors are under review for acquisition in 2019-2020 and management is hopeful a number of venues will be acquired before the end of calendar year. Finally, as a note in the Future Venue Update, the company continues to work towards developing future corporate venues in markets where acquisition would prove impracticable or in markets where such acquisitions are unavailable. 

$FUNN

[mckinley1]

Yes that is what happens. Be interesting to see what FUNN actually does or does not do moving forward. It's better when FUNN just announces things that they have completed since many things seem to change after they PR them. On one hand FUNN is talking up Snakes franchises and the other hand talking up Snakes growth by acquisition? Who knows very confusing info.

[User-65225]

There are MANY people waiting for a franchise... and when they uplist, they will be executed on.

To claim they are abandoning this initiative lacks comprehension of the DD/facts. They cannot franchise until they are fully audited, per the law.

They did not audit the past few years to give up on 2019, which will likely be the easiest/fastest year to complete. No foreign BK acquisitions in FY2019, etc

[Plowmaster]

That statement speaks as if it was FUNN management, and know what FUNN is doing from a strategic perspective. How can such a statement be supported when their is zero information given for it. We know they announcement the intent to franchise in the long run. They continued forth with corporate owned locations to learn, build the framework while they got through the accounting upscaling to be able to handle such complexities as well as meet requirements needed.

So evidence supports that statement is bullshit, and they are simply on the path knocking out each step in front of it. Current step: Complete audits.

In the meantime, the company continues to grow as 1000's of customers come through every single week at all its 100% corporate owned locations.

$FUNN