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Amfil Technologies Inc. (OTCMKTS: FUNN) Steady Rise Northbound as Snakes & Lattes Operator Inks Deal with MrBeast & Mr. Beast Burgers and Opens 2 New Locations

Amfil Technologies Inc. (OTCMKTS: FUNN) soon to be renamed to Snakes & Lattes Inc. stock is northward bound moving up steadily every day on heavy accumulation…

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Amfil Technologies Inc. (OTCMKTS: FUNN) soon to be renamed to Snakes & Lattes Inc. stock is northward bound moving up steadily every day on heavy accumulation as the Company makes a number of big moves. FUNN bottomed out at just under a penny after months of decline, made a serious reversal and has been northward bound since more than doubling from its lows at the beginning of January. FUNN which used to trade under the ticker AMFE has a significant international following and now that a real reversal has been established, they are busy buying back in. The stock’s recent high is $0.059 in early 2021 but long before that FUNN traded as high as $0.235 per share when the Company had just 1 or locations. As Snakes & Lattes is a physical business, the Company was hit hard by the coronavirus but has come out stronger the other side. Now with lockdowns behind us, Snakes & Lattes is doing better than ever and is in rapid expansion mode once again, opening its 8th and 9th locations just over the past 2 months alone. 

In a really big move; Snakes & Lattes signed a deal with MrBeast; one of the most successful youtubers on the platform with 92.9 million subscribers. Through a partnership with Virtual Dining Concepts (VDC) the Company plans to initially roll out Mr. Beast Burgers in 2 pilot locations, Utah and Toronto and then roll the brand to all of its locations. Mr. Beast Burgers, from Jimmy Donaldson (MrBeast), has turned into a global phenomenon overnight with over 1,000 locations in North America and Europe and immediate plans to increase the number of locations exponentially and go Worldwide. Getting MrBeast Burger into Snakes & Lattes was a big move from the Company and is expected to immediately increase revenues. Although management has not given us a projection 2022 revenues should be minimum $10 million with 9 locations open, probably much more.   

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Amfil Technologies Inc. (OTCMKTS: FUNN) is the parent company to three wholly owned subsidiaries the most exciting of which is Snakes & Lagers Inc. which holds the trade name and is the owner of Snakes & Lattes Inc. which currently operates 9 locations and growing fast. Snakes & Lattes Inc. was the first board game bar and cafe in North America, is believed to be the largest in the world and has the largest circulating public library of board games in North America for customers to choose from.  

Snakes & Lattes Inc. currently has a 100+ member staff and a strong management team including CEO Ben Castanie, Susan Lawver, Aaron McKay, Larry Leverton and Roger Mortimer. The Company recently acquired the exclusive distribution rights throughout Canada for some of the most popular board games in the world. Snakes & Lattes also operates a lucrative fulfillment and distribution division and has recently entered into the board game publishing business through the acquisition of Morning which is expected to add significant revenues to the bottom line. To this end the Company is already selling board games such as KTU/Red Panda/Pigicorn to over 192 Individual Retailers + 125 locations for retailers with multiple locations (296 total) and on Amazon USA : England : France : Germany : Italy : Canada : Saudi Arabia : Australia and Singapore.  

Microcapdaily has reported on FUNN before, back in 2018 when the stock was AMFE we wrote: The big story on AMFE is Snakes & Lagers Inc. which currently operates 3 tabletop gaming bars and cafes located in Toronto, Ontario that brought in over $7M CAD in revenue last year. The company is in the process of franchising throughout North America. 

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FUNN has been busy; just over the past 2 months Snakes & Lattes has opened 2 new locations; they acquired number 8, the Good Move Caf in Provo, Utah in March in an all-cash deal. Good Move Caf was established in 2017, at 1 E Center St Ste 100, Provo, UT 84606 near Brigham Young University. They have always been innovators; introducing game rentals, retail, and a membership program since opening. It has quickly become a hot spot for students and locals alike. Well managed and highly reviewed with over 1100 Google reviews averaging 4.6. At ~4,150 sq. ft. it is a wonderfully sized location for plenty of patrons to get their feasting and gaming on! Given the influence of the Church in the area, it will keep its namesake while operating under the Snakes & Lattes brand. Good Move Caf represents a one-off from the traditional S&L location and operates slightly different due to local culture. The Company has infused the location with elements of the Snakes & Lattes brand, such as an official retail / gift shop, rental / delivery activities and a subscription program. However, management feels it is important to recognize the values held in this region and such differences mean keeping the local name. It is clearly a successful business and a great opportunity to expand the Company’s North American footprint. 

In April the Company acquired its 9th location; Gamehaus in Glendale, California via ownership of the outstanding SBA loan. Gamehaus was established in 2013 by Rob Cron and Terry Chiu. Located near Hollywood at 1800 South Brand Blvd., #107 Glendale, CA. The Gamehaus already has an established game library of over 1400 titles. FUNN Management plans to further increase capacity from current 100 seats by expanding and turning the adjacent space into retail space have started. This marks the Company’s first location in the state of California. The location will stay open during the transition with the rebrand launch coming this summer along with a local social media campaign. 

This Ninth location represents another conversion out of many FUNN Management is exploring across the United States and Canada. Opportunities continue to come in with one-off locations proactively reaching out to consider a conversion to the Snakes brand. When management finds a caf that meets its requirements for; size, market potential, location relative to the Snakes & Lagers brand demographics, financially sound post due diligence, and ease of transition management begins the deep dive review process. These conversions are a separate list from the USA expansion team efforts and represent another stream for corporate growth. More information on the USA expansion team to come! With its first true West Coast location, FUNN Management is excited to continue its plan to have Snakes & Lattes brand locations coast to coast in North America. 

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Currently trading at a $14 million market valuation FUNN has 757,486,406 shares outstanding and is capped there as AS is set at 800 million. While the stock price has been decimated in recent years, the Company has come out of the pandemic stronger than ever with all of its locations re opened and already in rapid expansion mode once again, opening locations number 8th and 9th just over the past 2 months alone. FUNN stock is moving steady northbound with power and this is a stock with a history of big moves with runner in its blood skyrocketing to $0.235 per share back in 2017 when the Company had just 1 location. Now with the pandemic behind it and all 9 locations of Snakes & Lattes operating at full throttle, the expansion team working hard securing new locations, FUNN significant international following is heavily accumulating and looking back at the stocks previous highs of $0.235 per share. At a $14 million total market valuation, location #10 coming any day and a new deal with Mr. Beast Burgers, FUNN has a lot of catalysts in place, ready liquidity, momentum and a lot of room to grow fast.   Currently investors are awaiting audited financials and a possible up listing. We will be updating on FUNN when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with FUNN.

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Disclosure: we hold no position in FUNN either long or short and we have not been compensated for this article.

The post Amfil Technologies Inc. (OTCMKTS: FUNN) Steady Rise Northbound as Snakes & Lattes Operator Inks Deal with MrBeast & Mr. Beast Burgers and Opens 2 New Locations first appeared on Micro Cap Daily.

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Analyst reviews Apple stock price target amid challenges

Here’s what could happen to Apple shares next.

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They said it was bound to happen.

It was Jan. 11, 2024 when software giant Microsoft  (MSFT)  briefly passed Apple  (AAPL)  as the most valuable company in the world.

Microsoft's stock closed 0.5% higher, giving it a market valuation of $2.859 trillion. 

It rose as much as 2% during the session and the company was briefly worth $2.903 trillion. Apple closed 0.3% lower, giving the company a market capitalization of $2.886 trillion. 

"It was inevitable that Microsoft would overtake Apple since Microsoft is growing faster and has more to benefit from the generative AI revolution," D.A. Davidson analyst Gil Luria said at the time, according to Reuters.

The two tech titans have jostled for top spot over the years and Microsoft was ahead at last check, with a market cap of $3.085 trillion, compared with Apple's value of $2.684 trillion.

Analysts noted that Apple had been dealing with weakening demand, including for the iPhone, the company’s main source of revenue. 

Demand in China, a major market, has slumped as the country's economy makes a slow recovery from the pandemic and competition from Huawei.

Sales in China of Apple's iPhone fell by 24% in the first six weeks of 2024 compared with a year earlier, according to research firm Counterpoint, as the company contended with stiff competition from a resurgent Huawei "while getting squeezed in the middle on aggressive pricing from the likes of OPPO, vivo and Xiaomi," said senior Analyst Mengmeng Zhang.

“Although the iPhone 15 is a great device, it has no significant upgrades from the previous version, so consumers feel fine holding on to the older-generation iPhones for now," he said.

A man scrolling through Netflix on an Apple iPad Pro. Photo by Phil Barker/Future Publishing via Getty Images.

Future Publishing/Getty Images

Big plans for China

Counterpoint said that the first six weeks of 2023 saw abnormally high numbers with significant unit sales being deferred from December 2022 due to production issues.

Apple is planning to open its eighth store in Shanghai – and its 47th across China – on March 21.

Related: Tech News Now: OpenAI says Musk contract 'never existed', Xiaomi's EV, and more

The company also plans to expand its research centre in Shanghai to support all of its product lines and open a new lab in southern tech hub Shenzhen later this year, according to the South China Morning Post.

Meanwhile, over in Europe, Apple announced changes to comply with the European Union's Digital Markets Act (DMA), which went into effect last week, Reuters reported on March 12.

Beginning this spring, software developers operating in Europe will be able to distribute apps to EU customers directly from their own websites instead of through the App Store.

"To reflect the DMA’s changes, users in the EU can install apps from alternative app marketplaces in iOS 17.4 and later," Apple said on its website, referring to the software platform that runs iPhones and iPads. 

"Users will be able to download an alternative marketplace app from the marketplace developer’s website," the company said.

Apple has also said it will appeal a $2 billion EU antitrust fine for thwarting competition from Spotify  (SPOT)  and other music streaming rivals via restrictions on the App Store.

The company's shares have suffered amid all this upheaval, but some analysts still see good things in Apple's future.

Bank of America Securities confirmed its positive stance on Apple, maintaining a buy rating with a steady price target of $225, according to Investing.com

The firm's analysis highlighted Apple's pricing strategy evolution since the introduction of the first iPhone in 2007, with initial prices set at $499 for the 4GB model and $599 for the 8GB model.

BofA said that Apple has consistently launched new iPhone models, including the Pro/Pro Max versions, to target the premium market. 

Analyst says Apple selloff 'overdone'

Concurrently, prices for previous models are typically reduced by about $100 with each new release. 

This strategy, coupled with installment plans from Apple and carriers, has contributed to the iPhone's installed base reaching a record 1.2 billion in 2023, the firm said.

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Apple has effectively shifted its sales mix toward higher-value units despite experiencing slower unit sales, BofA said.

This trend is expected to persist and could help mitigate potential unit sales weaknesses, particularly in China. 

BofA also noted Apple's dominance in the high-end market, maintaining a market share of over 90% in the $1,000 and above price band for the past three years.

The firm also cited the anticipation of a multi-year iPhone cycle propelled by next-generation AI technology, robust services growth, and the potential for margin expansion.

On Monday, Evercore ISI analysts said they believed that the sell-off in the iPhone maker’s shares may be “overdone.”

The firm said that investors' growing preference for AI-focused stocks like Nvidia  (NVDA)  has led to a reallocation of funds away from Apple. 

In addition, Evercore said concerns over weakening demand in China, where Apple may be losing market share in the smartphone segment, have affected investor sentiment.

And then ongoing regulatory issues continue to have an impact on investor confidence in the world's second-biggest company.

“We think the sell-off is rather overdone, while we suspect there is strong valuation support at current levels to down 10%, there are three distinct drivers that could unlock upside on the stock from here – a) Cap allocation, b) AI inferencing, and c) Risk-off/defensive shift," the firm said in a research note.

Related: Veteran fund manager picks favorite stocks for 2024

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Major typhoid fever surveillance study in sub-Saharan Africa indicates need for the introduction of typhoid conjugate vaccines in endemic countries

There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high…

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There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high burden combined with the threat of typhoid strains resistant to antibiotic treatment calls for stronger prevention strategies, including the use and implementation of typhoid conjugate vaccines (TCVs) in endemic settings along with improvements in access to safe water, sanitation, and hygiene.

Credit: IVI

There is a high burden of typhoid fever in sub-Saharan African countries, according to a new study published today in The Lancet Global Health. This high burden combined with the threat of typhoid strains resistant to antibiotic treatment calls for stronger prevention strategies, including the use and implementation of typhoid conjugate vaccines (TCVs) in endemic settings along with improvements in access to safe water, sanitation, and hygiene.

 

The findings from this 4-year study, the Severe Typhoid in Africa (SETA) program, offers new typhoid fever burden estimates from six countries: Burkina Faso, Democratic Republic of the Congo (DRC), Ethiopia, Ghana, Madagascar, and Nigeria, with four countries recording more than 100 cases for every 100,000 person-years of observation, which is considered a high burden. The highest incidence of typhoid was found in DRC with 315 cases per 100,000 people while children between 2-14 years of age were shown to be at highest risk across all 25 study sites.

 

There are an estimated 12.5 to 16.3 million cases of typhoid every year with 140,000 deaths. However, with generic symptoms such as fever, fatigue, and abdominal pain, and the need for blood culture sampling to make a definitive diagnosis, it is difficult for governments to capture the true burden of typhoid in their countries.

 

“Our goal through SETA was to address these gaps in typhoid disease burden data,” said lead author Dr. Florian Marks, Deputy Director General of the International Vaccine Institute (IVI). “Our estimates indicate that introduction of TCV in endemic settings would go to lengths in protecting communities, especially school-aged children, against this potentially deadly—but preventable—disease.”

 

In addition to disease incidence, this study also showed that the emergence of antimicrobial resistance (AMR) in Salmonella Typhi, the bacteria that causes typhoid fever, has led to more reliance beyond the traditional first line of antibiotic treatment. If left untreated, severe cases of the disease can lead to intestinal perforation and even death. This suggests that prevention through vaccination may play a critical role in not only protecting against typhoid fever but reducing the spread of drug-resistant strains of the bacteria.

 

There are two TCVs prequalified by the World Health Organization (WHO) and available through Gavi, the Vaccine Alliance. In February 2024, IVI and SK bioscience announced that a third TCV, SKYTyphoid™, also achieved WHO PQ, paving the way for public procurement and increasing the global supply.

 

Alongside the SETA disease burden study, IVI has been working with colleagues in three African countries to show the real-world impact of TCV vaccination. These studies include a cluster-randomized trial in Agogo, Ghana and two effectiveness studies following mass vaccination in Kisantu, DRC and Imerintsiatosika, Madagascar.

 

Dr. Birkneh Tilahun Tadesse, Associate Director General at IVI and Head of the Real-World Evidence Department, explains, “Through these vaccine effectiveness studies, we aim to show the full public health value of TCV in settings that are directly impacted by a high burden of typhoid fever.” He adds, “Our final objective of course is to eliminate typhoid or to at least reduce the burden to low incidence levels, and that’s what we are attempting in Fiji with an island-wide vaccination campaign.”

 

As more countries in typhoid endemic countries, namely in sub-Saharan Africa and South Asia, consider TCV in national immunization programs, these data will help inform evidence-based policy decisions around typhoid prevention and control.

 

###

 

About the International Vaccine Institute (IVI)
The International Vaccine Institute (IVI) is a non-profit international organization established in 1997 at the initiative of the United Nations Development Programme with a mission to discover, develop, and deliver safe, effective, and affordable vaccines for global health.

IVI’s current portfolio includes vaccines at all stages of pre-clinical and clinical development for infectious diseases that disproportionately affect low- and middle-income countries, such as cholera, typhoid, chikungunya, shigella, salmonella, schistosomiasis, hepatitis E, HPV, COVID-19, and more. IVI developed the world’s first low-cost oral cholera vaccine, pre-qualified by the World Health Organization (WHO) and developed a new-generation typhoid conjugate vaccine that is recently pre-qualified by WHO.

IVI is headquartered in Seoul, Republic of Korea with a Europe Regional Office in Sweden, a Country Office in Austria, and Collaborating Centers in Ghana, Ethiopia, and Madagascar. 39 countries and the WHO are members of IVI, and the governments of the Republic of Korea, Sweden, India, Finland, and Thailand provide state funding. For more information, please visit https://www.ivi.int.

 

CONTACT

Aerie Em, Global Communications & Advocacy Manager
+82 2 881 1386 | aerie.em@ivi.int


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US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever… And Debt Explodes

US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever… And Debt Explodes

Earlier today, CNBC’s…

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US Spent More Than Double What It Collected In February, As 2024 Deficit Is Second Highest Ever... And Debt Explodes

Earlier today, CNBC's Brian Sullivan took a horse dose of Red Pills when, about six months after our readers, he learned that the US is issuing $1 trillion in debt every 100 days, which prompted him to rage tweet, (or rageX, not sure what the proper term is here) the following:

We’ve added 60% to national debt since 2018. Germany - a country with major economic woes - added ‘just’ 32%.   

Maybe it will never matter.   Maybe MMT is real.   Maybe we just cancel or inflate it out. Maybe career real estate borrowers or career politicians aren’t the answer.

I have no idea.  Only time will tell.   But it’s going to be fascinating to watch it play out.

He is right: it will be fascinating, and the latest budget deficit data simply confirmed that the day of reckoning will come very soon, certainly sooner than the two years that One River's Eric Peters predicted this weekend for the coming "US debt sustainability crisis."

According to the US Treasury, in February, the US collected $271 billion in various tax receipts, and spent $567 billion, more than double what it collected.

The two charts below show the divergence in US tax receipts which have flatlined (on a trailing 6M basis) since the covid pandemic in 2020 (with occasional stimmy-driven surges)...

... and spending which is about 50% higher compared to where it was in 2020.

The end result is that in February, the budget deficit rose to $296.3 billion, up 12.9% from a year prior, and the second highest February deficit on record.

And the punchline: on a cumulative basis, the budget deficit in fiscal 2024 which began on October 1, 2023 is now $828 billion, the second largest cumulative deficit through February on record, surpassed only by the peak covid year of 2021.

But wait there's more: because in a world where the US is spending more than twice what it is collecting, the endgame is clear: debt collapse, and while it won't be tomorrow, or the week after, it is coming... and it's also why the US is now selling $1 trillion in debt every 100 days just to keep operating (and absorbing all those millions of illegal immigrants who will keep voting democrat to preserve the socialist system of the US, so beloved by the Soros clan).

And it gets even worse, because we are now in the ponzi finance stage of the Minsky cycle, with total interest on the debt annualizing well above $1 trillion, and rising every day

... having already surpassed total US defense spending and soon to surpass total health spending and, finally all social security spending, the largest spending category of all, which means that US debt will now rise exponentially higher until the inevitable moment when the US dollar loses its reserve status and it all comes crashing down.

We conclude with another observation by CNBC's Brian Sullivan, who quotes an email by a DC strategist...

.. which lays out the proposed Biden budget as follows:

The budget deficit will growth another $16 TRILLION over next 10 years. Thats *with* the proposed massive tax hikes.

Without them the deficit will grow $19 trillion.

That's why you will hear the "deficit is being reduced by $3 trillion" over the decade.

No family budget or business could exist with this kind of math.

Of course, in the long run, neither can the US... and since neither party will ever cut the spending which everyone by now is so addicted to, the best anyone can do is start planning for the endgame.

Tyler Durden Tue, 03/12/2024 - 18:40

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