Replies to post #321604 on Amfil Technologies Inc (FUNN)

[BubbaInSC]

Huh? Lack of new sales, lack of signing new cafe leases and inability to file audits in a timely manner has existed for many YEARS

“New” leadership hasn’t unraveled diddly squat; as he hasn’t signed a single new cafe lease in 16 mos
Nor has he successfully filed an audit that complied with Franchising requirements in a timely manner that would be conducive to selling Franchises during any fiscal year.

FU21 audit was NOT included in Wipfli Scope of Work; to be filed by 10/31/21

New Leadership could have easily included FY21 in scope of work; but chose NOT to.

Franchising is the only way for cafe openings to occur at an exponential rate vs anemic rate of 1 cafe opening every 2 years.

And, last time I checked, new leadership has sold 0 large orders of anything

He did list 2 out of 300+ titles on Lob*

Is that New leadership’s win?

Pretty low bar for success.

I find it quite intriguing the goalposts of what they should do keeps getting moved.

Im not going to argue about previous leaderships attention to detail and timing.

New leadership got dealt a interesting hand as far as that’s concerned and is quickly unraveling those issues.