How many penny stocks pay out MOST of their equity to buy a crap company that makes little and has a product that has already failed? It is sooooo common. Morning was a STEAL for the price they paid, even after SAVING THEM and cleaning up their mess... and people chase those tickers to levels higher than FUNNs valuation.
FUNN makes $XX,XXX,XXX before the highest margin and fastest growing initiative even starts... New locations are nice, but they are NOTHING compared to what we are about to see from these FIVE high margin products imo. Cant stress this enough!... pay attention...
It takes many months for a new location to be planned/built, then many more before that location even breaks $1 million in revs... while these high margin titles could sell $XX,XXX,XXX in a SINGLE MONTH. Dont believe me? Do the SIMPLE DD.
We have had orders for $1+ million for a SINGLE title (Exploding Kittens/similar themed game), in JUST CANADA. This is a country 1/10 the size of the US... An order equal to this size/ratio in the US would be $10+ million. Then add in OTHER retailers + European orders + the potential for the FOUR additional products that are already complete= no more major investments required
There has never been a period more exciting for this stock, but some continue to get hung up on SMALL STUFF that most every penny stock has to some extent. This is why they are penny stocks!... MOST of them lose MILLIONS per year, but they have NOTHING to show for it. FUNNs debt is more than id like to see, but i can understand why they have it. There are several costs to position a company like this. Its takes $ to make more $$$. This is why you see big board stocks lose billions and they uptrend. Smart money does deeper DD than just looking at single numbers.
The best period to be a shareholder is now imo... They could fail long term, that is always a risk investing, but NEAR TERM there will be gains for this stock. This board will be flooded with pictures with the product on the shelves, reviews all over the internet, positive articles, new retailers popping up all over the world, etc.
If someone likes to TIME CATALYSTS in the market (very profitable strategy), this is the time to be buying/holding. All of the negatives are out of the way near term and now its time for the main events... We will see major gains long before numbers are even reported imo, so if someone has had enough and wants to invest elsewhere, that would be a wiser time to lighten your position, not now. This would be the WORST time to give up imo. Do the simple DD
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