Replies to post #341297 on Amfil Technologies Inc (FUNN)

[Chester the Investor]

The loan forgiveness line item was in question as if it was an unethical accounting practice, in fact it was stated it shouldn't have been on the P & L at all. Read back through the posts. Regardless, there is strong sequential growth revenue and appears to be on a very nice trajectory. Reducing COGS is representative of excellent management, keeps your liquor costs and food costs down which also affects your bottom line. All things being considered, this company is moving in the right direction. As I stated, this company is showing strong potential to go cash flow positive annually to reflect an actual P/E ratio so that yield capitalization will reflect its intrinsic value eventually. Everyone is entitled to their own opinion...this happens to be mine. Been here long before the pandemic as many have. I am still convinced the upside potential is huge, I have not been vocal for quite some time, that is my two cents. Have a nice weekend.

People keep selling down here...I will keep buying down here!

FUNN...the best is yet to come!

[grtnative]

Cost of Sales should include most of the Payroll Related Expenses.
Ie. the cost of cooks and servers required to directly facilitate the sales.
I assume on the landscaping side, that the rocks do not move themselves.

There might be an argument that their is a thin layer of management payroll and perhaps some bookkeeping resources that are not directly tied to sales, but that also should be rationalised.

So if you add the Payroll to Cost of Sales like one should, it is clear that there never has been a FUNN gross profit, or a profit of any kind.

Excluding payroll from cost of sales fools nobody.

While one is at it, also include rents in Cost of Sales. There needs to be a kitchen and seats for people to sit in to play those games. I know we pay for some office space where sales do not occur but most of the rent cost is for the restaurants.

It’s like saying that a $12 burger only has a cost of $4 (COG only for the food) - hence $8 profit.