Replies to post #300861 on Amfil Technologies Inc (FUNN)

[Juancy]

The great thing about opinions is that everyone has one. Until I see concrete evidence that this company is closing its doors and not just assume that it will happen because of X, Y, or Z, I will continue to happily be invested here and to hold on tight to my shares.

Personally, I am not hung up on the S&L locations being closed since the company has other subs like the S&L fulfillment sub, which did a lot of the heavy lifting when they only had 2 cafes opened in Canada. This company is not one-dimensional and we can dwell on failures, lack of communication, the virus, and the PPS on and on, but I will continue to see this as a marathon, not a sprint, and in the end, I expect the company to do well after all is said and done. GLTY!

$FUNN

[shajandr]

CoachMarc, In the restaurant biz, is it typical to pledge business assets for financing? What assets are typically pledged in secured transactions/financings in the restaurant biz?

I axe this biz I 'spect any secured creditors who have a perfected security interest in business assets in AMFE/FUNN/FUNNQ will be acting to seize those pledged assets very soon, if they haven't already, before those assets can be sold (even under-the-table), relocated/hidden. or otherwise damaged or lost.

I'd like any info you can and are willing to provide on the restaurant biz and the use of secured assets and secured transactions. Examples - business assets pledged to secure a bank loan as collateral, leased items subject to repossession if defaulted repayment, or assets pledged against paying an Account Payable creditor/vendor wherein that creditor/vendor has the right to repossess or seize the pledged business property/assets upon default of payment.

I also axe this biz one of our local mid-range Mexican restaurants which was doing THRIVING drive-thru binnizz during the beginning of the ban on dine-in went from having huge lines at the take~OUTT drive-thru window and curbside pickup - to 10 days or two weeks later the place was closed and the interior looked to be stripped bare. It went from a booming take~AWAY and drive-thru to an empty shell up for lease in two weeks or less. I'm wondering why the interior was stripped so quickly and whether those were secured assets and the secured creditors just came and seized them after non-payment of the financing terms - and THAT is what caused the place to close suddenly and the interior to be largely stripped bare in such short order.