Resistance at 0.012 Good that pps is still above 50 day MA of 0.01
Bad - RSI turned over
Good - Tempe abandoned stupid idea of Takeout only and is at 50% of seat capacity or worse.
Bad - owning whole supply chain has sucked since May 2018
Bad - FUNN has had opportunity to hire another auditor since June 2019, and could have had the FU19 audit filed by Sep/Oct 2019, but didn't.
Bad - 3 Toronto cafes still closed
Bad - after 21+ months FUNN has still signed 0 new leases and hired 0 new construction contractors.
The only catalyst that would prevent the next leg down is an announcement that 10 new leases were signed, 10 contractors were hired, and 10 new cafes will open by November 2020