Congrats to all AMFE profit takers. As we saw today, though the news can be considered oh, informative, it really had no beef to it and I personally believe the smart money saw that and cashed in the remainder of their profits because technicals indicate odds are now in favor of the bears.
What I want to point out about this company, is ignore the unnecessary pumping of their marijuana subsidiary on the AMFE iHub board. The pumping there is unreal and I believe the pps is currently slightly inflated because of it.
The real aspect of this company to watch is Snakes & Lattes and it's not going to happen over night. If you're interested in following this company, you'll have to watch their eps performance and their trending asset and liability ratio which will take several quarters to show a trend.
The last quarterly report is our foundation. The next report due on May 15th will be their report card. And I can almost assure you none of the numbers within it will reflect GROZone, it will be all Snakes & Lattes.
That being said, I can still see the stock trading between .05 - .10 by years end IF they can produce the numbers we need in their filings.
For any PTC members interested in our next pick, login to the PTC website and watch the blog as we should be announcing it soon!
I'm a non-professional individual investor who may own, not own, buy, or sell stock at any given time in any security ever mentioned in posts. I never accept compensation in any form to post. Always consult an investment professional when investing.
