Amfil Technologies Inc (FUNN)

[sandman21]

???? I hope so excited for some news ! Have a great weekend !

[hotlinktuna]

Sucks-for-sellers-sandman...a win-win for-true-longs-adding-cheapies-and-getting-more-shares-in-the-hands-out-of-weak-short-term-holders!!! CHEERS!!!! tuna

AMFE FOR LIFE AND A NASDAQ RESIDENCE AHEAD!!!

[Lopus]

Thanks for that info frontloading,,,


AMFE,,,to the moon

[hotlinktuna]

COOL-POST-Lopus!!! Added 20k-this-week-plus-got-a-friend-in-for-over 20K also!! He'd never heard of AMFE or Snakes...but will likely be adding more over the coming months! Happy for him!! And happy for all of us whole practically "stole" the shares of "day/swing traders" who most likely were predominantly wannabe longs....hehe!! So...the story continues of true longs increasing their grip on the float, while eliminating short term holders...gotta love that!!!

And I'm thrilled to see your enthusiasm at out is space RECORD LEVELS Lopus!!! YIPPIE!!!

I've moved my scheduled "fruit beverages" to the afternoon session and a night session now... :) Cheers to a great weekend one and all longs!!! :) tuna

AMFE,,,to the moon,,,mars,,,pluto,,,saturn,,,jupiter,,,and,,stopping at the NASDAG watering hole along the way,,, :) :) :)

[Lopus]

Cool Seaton,,,I will be lookin forward to that and more,,,,for the longs,,,


AMFE,,,to the moon

[Juancy]

Ar3 has to be ecstatic to see those gaps filled.

[centuri]

An answer to these questions would be greatly appreciated:

1. Can you formulate a share price based on gross revenue only since we do not have a positive net income to derive an earnings per share.

2. Does someone have knowledge regarding the profit margin for a Snakes and Latte so I can get a handle on the net income. Possibly from someone who is seeking a franchise may have this number.

3. If there is a quiet period in place, the company can distribute factual information regarding the company, including quarterly results, am I correct in this assumption?

A couple observations, the poster who said he would sell at .18 and buy back at .14 was spot on.
The poster who bet we would see .13's before .20 unfortunately was spot on. I believe they have a handle on how this stock performs. I have to give them credit.

As of today, I am .02 in the red. I agree it's now a waiting game, however, momentum has been lost and for the stock to recover to .20 is more than a 40% jump.

[Lopus]

Hey Tuna,,,,Good job man,,,getting those shares,,,..How many did you get,,,two or three million I bet,,,hehehe,,,

Bout time you wake up,,,,time for a Juicer this morning,,,or do you have something else on the weekends,,,

Next week is going to be a big week,,,,everything is going to begin sometime next week,,,,good for all the longs that so much deserve another drive up,,,

I keep telling everyone that I think we will be at a dollar by the end of the year,,,,but what do I know,,,,we'll be up higher somewhere,,,that I do know,,,

AMFE,,,to the moon,,,mars,,,pluto,,,saturn,,,jupiter,,,and,,stopping at the NASDAG watering hole along the way,,,

[frontloading]

AMFE/Roto client is building a cultivation facility in Ontario..Tentative completion dates were Dec18 for the Health Canada facility inspection and an approval letter Jan30 for client to move forward cultivating mj..

AMFE secured client commitment for 100 RotoGro/5 Gro3 units and Roger sent in (confirmed) $104k AUS non-refundable deposit in Sept for initial order..Recent RotoGro financials state that the cultivation facility is still undergoing construction, reason no units delivered yet.

[hotlinktuna]

Yes Rocket...glad to see my .145 limit buy order filled while I slept....Cheers to all who added more!! tuna

AMFE FOR LIFE and FOR A NEW RESIDENCE ON NASDAQ!!! :) :) :)

[SeatonBM]

Here is what I found (told you I'd look into it when I could):

January 19th, 2018 the PPS closed at $0.1499.
January 20th, 2018 the PPS opened at $0.1620 with a low of $0.1509.
Gap between $0.1499 and $0.1509 didn't fill until February 7th, 2018 when the price fell to a low of $0.1500... Note, February 1st, 2018 the gap ALMOST filled when the PPS reached a low of $0.1510, but to be considered filled it has to reach $0.1509 and it did not do so until February 7th, 2018...



January 22nd, 2018 the PPS closed at $0.1640.
January 23rd, 2018 the PPS opened at$0.1670 with a low of $0.1650.
Gap between $0.1640 and $0.1650 didn't fill until February 1st, 2018 when the price reached a low of $0.1510...


January 31st, 2019 the PPS closed at $0.1700.
February 1st, 2018 the PPS opened at $0.1640, with a high of $0.1660.
Gap between $0.1660 and $0.1700 didn't fill yet... The highest high since January 31st, 2018's close of $0.1700 was $0.1690 on February 2nd, 2018, still leaving a gap between $0.1690 and $0.1700...

And if all gaps fill (well, most do), then the PPS should be going back up eventually to $0.17 to fill the January 31st, 2018/February 1st, 2018 gap...


https://pbs.twimg.com/media/DVotwmOXcAEGOsd.jpg

[hotlinktuna]

Super cool, doubling your shares QuadFather!!! I see this also as a "blessing" to any of us who chose to add more AMFE to our stock-piles....instead of griping and despair....all is lost type doom and gloom because day/swing traders got burned in short term attempts to make profits. Most of us know "day trading and other very short term buying/selling is a recipe for "failure" as well over 90% of those who go that route lose all our most of their money and finally leave the market disillusioned!!!!! And these numbers on failure come not from a wild guess by me, but in multiple financial articles.

Again....congrats big time!!! Cheers for a super weekend!! tuna

AMFE FOR LIFE AND A NEW RESIDENCE AT NASDAQ AHEAD after an apartment in OTC....

[Lopus]

HAHAHA,,,yeah I heard that,,,,delays never happen,,,,

I built three different businesses in my time and have gone through more delays then you can shake a stick at,,,,that is just the way it is,,,period,,,


AMFE,,,to the moon

[hotlinktuna]

Hey-Cruz....I-added-more-at .145 today-plus-more-at .151 a-couple-of days-ago. Don't-feel-BUMMED! If we now have more shares added at say .159 average....we'll make considerably more profit if the stock moves up to .20's....the .30's for the shorter term holders....but you said you're "HOLDING STRONG"....which made me think you're holding long term also.

IF....you're holding for the long term....even if just 1 year from now it is possible you might be able to sell for even above .40 though I'm not trying to predict an "expected" price. What I am saying is YOU WILL MAKE A LOT MORE MONEY even if you bought a LOT in the .20's and more in the high .15's if it gets even to just the .30's in a year. And believe me....there are many here who are long who think it will be considerably higher than that in a year!!

So just enjoy your weekend and know your profits very likely be much higher in the longer term because you added more in the .15's!!! This is also true even if it has closes down to the .12's or .13's before it goes considerably higher by this time next year!!!

I'm happy I got more in the .15's and .14's because I'll be here (if I'm still alive) in 2019, 2020, and beyond!!! The powerful fundamentals of this dynamically growing company keep me grounded in my strong belief we're just in the very early stages of what will be astonishing growth with more organic revenue growth and more very business savvy acquisitions by our CEO, who has proven his knack for finding great buys at excellent prices to add to Amfil Technologies, Inc.

Cheers Cruzcontrol and all longs!!! tuna

AMFE FOR LIFE AND FOR A FUTURE NASDAQ RESIDENCE!!! :) :) :)

[Subjugator]

tic toc tic toc

[Lopus]

So I'm guessing we are not sure if the units actually passed the HC testing,,,or are you saying the testing itself has not completed,,,

[SeatonBM]

Oh no...... Not another....... Delay...... Those never happen.......

Things will get done when they get done, lol... I am not worried at all...

[Macod]

The license for the cultivation facility was expected by January 30 from Health Canada, but there is a delay in the construction.

[SeatonBM]

Updated Technical Analysis and Chart:

I wrote this up to piggy back off this last post of mine... As mentioned in my last post... My prediction and technical analysis is still the same for the most part, a minor set back but truth be told, the price action today is a rather positive thing even though it doesn't seem like it... Ignore the PPS and watch the technicals... Today bouncing off the 200MA should trigger a reversal, so it's like ripping a bandaid off...

See the chart below:


https://pbs.twimg.com/media/DVoflBxXcAMV4A5.jpg

There is not a lot to update when it comes to the weekly chart... Just a small slump in the positive momentum, but if we reversal here we will reversal there bullishly... And since we are not far below the zero MACD histogram line on the weekly chart, we very well could cross the zero line soon and trigger a breakout that is anticipated on all aspects of the charts across the board...

I think next time we challenge the $0.20's we will breakout soon after... The next run up in my opinion is THE run up!!! Probably right after a minor pull back to test the breakout... Which should lead to a breakout...

[Juancy]

We are so close to Q2 numbers and we have some people still griping over the audit? That audit will be filed and nothing will happen right away. The news that follow is what will get people interested knowing that we are legit, IMO.

Of course I could be wrong and we have enough eyes on the company already salivating to get in once we uplist.

Go AMFE!!! $$$

[Lopus]

Hey Macod,,,,Got a question if you don't mind,,,

I remember something about a grow test/study supposedly being performed on the Rotogrow/gro-3 system by Health Canada [or something like that] that was going to be made public at the end of January,,,

Do you know or remember anything along those lines and,was the report released yet,,,


If you haven't heard about the report release but, do remember about the study,maybe you know someone that could have the answer,,,looking for help in this area,,,


Thank
Lopus

[Hitman1127]

They won’t be going forward. Once in compliance only the 10k’s will be audited

[llh222]

The Qs are not audited, just reviewed which is much smaller in scope than an audit.

https://backend.otcmarkets.com/otcapi/company/financial-report/179045/content

GLTA

LLH

[DFLY]

Awesome Mac! May it be a good day for you and all us too!)) Have a nice weekend bud. Enjoy!

[DFLY]

Hear ya and Im with ya bro.

Forgezi!!

I agree CEO is on a mission which is just getting into motion now considering the big picture and whats on the table. Making the magic happen! Making OTC history imo!! Im just glad we are here and rollin along with him..and all the Strongs!!)) Amfam!!)) Looking forward to whats forthcoming and all us reaping major rewards!

Onwards and upwards!!

You too enjoy Big Dawg. Outta sight outta mind!)) Check ya later.

[Felo31]

But I thought that quarterly reports were not audited?

[Hitman1127]

Or 73k total I guess:/

[SeatonBM]

Good catch... Thanks for correcting me!

[Hitman1127]

15k was paid sept 1. And the final 53k will be paid on June 30th.

45k was the fee for the 2 full year audits, and then 7k for each of the last 4 quarterly reports. So $68k in total

[SeatonBM]

They're still doing their job... The audit firm never stopped doing its job, hence why the firm is not in breach of contract...

That's the thing many of us, especially those here who work for auditing firms keep trying to tell people who are complaining about this so called deadline being missed... These things, particularly the initial audit, takes time... Especially when it is a company getting current on 3 or 4 years of time, across multiple subsidiaries, with a shell (Roger bought AMFE as a shell- he has to get the company current to the time before his ownership as well through the audit), especially when the audit firm found accounting mistakes as Roger mentioned (that made AMFE look even more profitable than they thought), plus you are dealing with things like international companies, the government, etc.... It all takes time...

So I researched it... Here is a copy of the Audit Engagement Letter that was signed August 10th, 2017:

https://backend.otcmarkets.com/otcapi/company/financial-report/179045/content

The up front retainer fee was $15,000 and the whole audit will cost $45,000 unless additional expenses get occurred through the process... The rest of the $45,000 is due by June 30th, 2018...

[JMURILLO]

Well that’s a crappy contract. “If we do our job then you pay us. But if we don’t do our job you still pay us” lol

[SeatonBM]

That's like taking a long journey to a desired destination and turning around to go back where you came from just before you got to where you were going...

[SeatonBM]

And risk waiting another 6 months?

Plus as it is my understanding, the contract is binding upon the signing of the audit engagement letter... Which was signed in August I think... I'd have double check that...

AMFE owes a small portion (I think like $10,000 or 10% or something) up front, and the rest is due by June 30th, 2018... But the audit firm hasn't breached contract, so AMFE has no leg to stand on to breach it themselves without owing the full expense agreed upon.... Which was $45,000...

It's all found inside the audit engagement letter which can be found under disclosures on the OTCMarkets.com website...

[JMURILLO]

If it’s solely their fault then why not break the contract and have someone else do the audit?? I mean enough time has passed as it is. Might as well have someone else do it if this auditing firm can’t.

[garsena872]

" The stock market is a device for transferring money from the Impatient to the Patient " ( Warren Buffett )


Amfe Long and right now forever..... Only which we would get some News!!

[SeatonBM]

Wow and we bounced off the 200MA too...

So?

Looking at the MACD (especially the weekly MACD) momentum here was EXTREMELY negative the past 7 months.... Err... Correction, it was EXTREMELY negative here from August to December where it reversaled and become equally as EXTREMELY positive, but fell just short of crossing the zero line into the positive (regarding the weekly MACD histogram)...

Since a week or 2 ago we stalled... Even slumped a little negatively in momentum... But, here we are, bouncing off the 200MA, a place where reversals occur unless your company is absolute crap, where the market maker computer software algorithms for firms have big money sitting on the BID to buy, etc... If we reverse here, then the valley on the MACD histogram will be barely noticeable since the last bullish to bearish reversal.... And then momentum will continue back upwards... It's not very negative now, which means we should, with any small amount of positive momentum, cross the zero line and go positive.... Which should lead us to the breakout anticipated...

I'll admit, my technical analysis was a bit optimistic with the last positive momentum swing, we stalled and slumped slightly... But if we reversal here back to the bulls, and the 200MA is a place that I'd expect that to occur, then the slump was minor and we are not far from the breakout zone still... IE a minor set back to my previous analysis... Which again, is no perfect science, it list the possibilities and assigns odds to each... I tend to lean on the optimism...

If we close below the 200MA I might change my tune slightly... But I doubt we do that... And if we do bounce off the 200MA, then the fact is we are still building higher highs and higher lows...

The bottom was $0.1112 since the high of $0.235... We took a big dip on November 22, 2017 or Thanksgiving Eve... We approached the 200MA but turned north before reaching the 200MA... There have been a few other occurrences where we dipped and approached the 200MA since November 22nd, 2017... Like December 21st, 2017 and January 5th and 6th, 2018 (or was it the 5th and 4th, I'm not currently looking at a chart... These dates stick out in my head from past analysis I did)... Each time we approached the 200MA and turned north again we did so at a higher price, IE higher lows... And that's largely because the 200MA is up trending all along too...

We have reached higher highs along the way as well... Obviously we never reached the $0.235 high so far... But the general trend overall of the charts since November 22nd, 2017 and the December, 2017 reversal has been higher highs and higher lows... An uptrend, IE positive momentum... No reason to believe it doesn't continue... We just bounce up and down between new highs and new lows, but are higher highs and higher lows each time... At least in the big picture which is where it counts the most...

So yea, we hit the 200MA, but we should move up from there... Bounce off it... If we do so, we will re reversal out of a minor slump and probably approach a new high... Which intersects with the upper trend line of the high price since the $0.235 high, thus puts us into breakout watch all while the MACD histogram should make up ground since a minor slump and get above the zero line going positive... Thus amplifying the breakout potential...

It's coming... And news is out there that can catalyze it at any time...

This as long as we hold the 200MA, could be ripping the bandaid off and be the best thing AMFE could have done today... Hard to see it when you only watch the PPS... But watching the tools and indications along with the PPS shows a more detailed picture...

[NJ_TOAD]

Lol I hear that

[User-65225]

What is the most defining attribute that proves "execution" to you?

There is only one answer that should matter to an investor.

Is it savvy to look at individual aspects of a multidimensional company, or the complete picture?... again, what attribute gives us the most complete picture?

[SeatonBM]

I'm just as upset AMFEs chart isn't a perfectly vertical ascending line myself...

[SeatonBM]

You mean blaming the auditors for the audit being late is incorrect?

[NJ_TOAD]

Crazy how stocks go up and down with buyers and sellers what a phenomenon lol

[SeatonBM]

AMFE bleeds 20%, then jumps 20% in a day or 2... Look at the last month or 2 of price action.... So what....

[NJ_TOAD]

This is funny lol!))

Ya sure you have a position.

[User-65225]

I think the truth is, someone WANTS "a large position"

[SeatonBM]

Exactly... Ever notice SD is only here during the red times complaining and gone during the green times, no where to be found?

Has he EVER posted a bullish comment here?

At best he said he'd reserve judgement until after the month of January passed without audit completion...

So why buy here then in the first place???

[Sportsdude]

Because I love the idea. I am hoping the execution catches up, but I am rapidly approaching the limits of my patience.

[SeatonBM]

When deadlines are rarely met anywhere... Non issue... Really.... No big deal...

[Sportsdude]

Because when you always “miss”, you have no credibility. Honestly, can anyone believe a date that comes out of the company’s mouth at this point? I can’t remember a date that was even close to being hit.....when misses are a couple of days, it is forgivable. When they are months, there is no credibility.

[SeatonBM]

Deadlines are rarely made.... Like ever.... Anywhere in business....

Non issues....

[SeatonBM]

Who cares if midtown was a miss... It's open and making revenue now... The "miss" is forgotten like the rest will be forgotten after the fact...

A bunch of whining about non issues here if you ask me...