LMFAO, If they were to respond, and I highlight they word IF, I would NOT TRUST ANYTHING THEY TELL ME!!!!. Just look at the last 4+ years for gods sake.
Time for FUNN to fess up and admit that beast, subscription services, games2go, and cali video "partnership" are dead and that funn intends to focus on bringing money losing cafes to positive net profitability at each site.
FUNN should break down $$$$ for each site and specify what their action plan is going forward.
Or outline a fiscally responsible and realistically achievable action plan. Take this as an opportunity to rebuild lost trust.
List of Things That Would Give Market GREAT Reason To Buy FUNN
1. FUNN securing a low interest loan for the next 5 years that would cover the costs of a. CEO@$100k/year = $500k, ceo to have restaurant and franchising experience b. Advertising @ $250/month = $15k c. cost of accounting service/year for 5 years. d. cost of completing and filing audits in a timely manner. Complete FU19/FU20/FU21 and FU22. Cost of Completing FU23-28.
2.Filing FU19/FU20/FU21 Audits in accordance with USA franchising requirements 3. Hire commissioned salespeople with experience selling franchises 4. Sell Franchises
5. Release a PR that officially acknowledges that Beast, Subscription services, Games2Go, and the Cali video game partnership opportunities are FAILURES and FUNN will abandon these efforts - and focus on bringing all existing, money losing cafes to positive net profitability AND commit to selling franchises.
Unfortunately, with all of FUNN's active liens and mismanagement of Minority SH $$$, it's unlikely that they would be approved?
S&L Concept is good (but still should be improved) Management is truly HORRIBLE, and should be replaced.
Unless they go to Guido's PayDay Loan Company at high interest rates.
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