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Someone is working hard to keep this down. I put an order in this morning at the ask of .0034 for 130,000 shares and it filled at .0033. A little later I put in a small order again at ask of .0036 and it filled at .0034.
Then I see all the small asks have dried up and the ask is up to .0038 and someone puts over 2 million on the ask at .0034. If you are selling 2 million shares why give them away like that unless you are trying to drop the price.
Now just obvious manipulation to push the price down. Somebody is trying to pick up some cheap shares before PR store opens. The consensus seems to be that PR should be opening next week, sounds like license will be approved on Friday.
Who are the idiots putting 1 and 2 million on the ask. If you are going to sell cheap at least break up your sell into smaller pieces so you don't crash the price
I just hit that wall with a 550,000 share buy order and it’s still standing. We will see Monday if that was a stupid buy or not. I’m sitting on 3 million shares and hoping Monday is finally the turn around
Here is another twitter example of shortly from 2018. We are still waiting for the update
Amfil Technologies
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@AmfilTech
3 May 2018
More
Ambrose returning from Columbia on a very large and promising GRO3 JV initiative involving local government that could really get the sub fired up. Details will be announced shortly as they develop and progress.
Because Roger didn't publicly respond to all the emails he received yesterday I don't believe he has anything to report. No lease news, no audit update, no Gro3 update, no unicorns update. His private replies said we would see the audit shortly. He has been saying shortly for over a year. That suggests that there is no urgency on the audit progress. I predict that by next Friday we will have missed another deadline for quarterly numbers and we will be solidly in the mid 5's.
Thanks, that makes more sense.
I hope Roger decides to address the shareholders. We deserve an official update. In my opinion we have already passed the ‘very early in 2019’ mark.
I’m confused. Is Roger increasing the size of the auditing team or the size Amfil accounting team?
Which also leads to the assumption that the audit won’t be finished in February???
Sounds like we need an official update.
I feel for you. I have been here 2 years this month. Sitting on over 1 million shares. I added an additional $10,000 over a year ago with plans to pull some of that back out once the uplist was done. But Roger continually said tomorrow, tomorrow, tomorrow. And now he can't say anything. Now my additional $10,000 is worth less that it was a year ago and I can't sell.
What capital Gains?
Anybody who bought in the last 20 months is most likely in the RED.
Fortune 500 companies can release yearly financials 30 days after the year ends. AMFE is not growing so fast they can't keep up. I am an accountant, I had already closed the books and sent our W2 forms and 1099 forms by mid January this year. It is time for Roger to step up or hire some help that can get something done on time. I was reading past tweets and PR's last night and he always underestimates the time for everything. How many times has he promised Gro 3 updates? Still waiting. Promised lease updates, still waiting. Promised the audit a year ago. This is beyond a little late. Perception is reality. The company appears poorly run, so the stock price tanks.
I would be calling and emailing the auditor that is actually doing the work daily asking if there is anything thing he needs to complete the audit. And what can I do to make it go faster. I would also demand weekly updates. Then I would call his superiors weekly asking why it is not done yet. I would email them daily and remind them of their obligation and show them the daily stock price and remind them that they are killing this company. Then I would hire a lawyer to remind them of their oblibations and liabilities.
I would also fire anyone in house that had their hands in the day to day bookkeeping that screwed up the books so badly that they require a full year to audit. I can understand 2016 and 2017 taking some time to straighten out. But the 2018 books have no excuse. The auditors were on retainer for the entire fiscal year of 2018, so AMFE should have known what they needed and bookkeeping practices changed accordingly so they did not have future problems. After seeing what was required for 2016 and 2017 there is no reason that 2018 could not have been ready to go 2 weeks after the fiscal year ended.
Time for Roger to hold some people responsible for their actions.
I know he can't publicly throw the auditors under the bus, because then they would respond by saying he screwed up the books so bad it will takes years to fix and we will never see the audit. But he can still put daily pressure on them. And assign one competent internal person to make sure the auditors get whatever they need immediately to make this go faster. If I had someone calling me and emailing me everyday, I would want their project off my desk just so they would quit bothering me.
The Auditors are about to be buried with Tax Season work soon. If we don't see the Audit finished by mid February, I suspect we will be put on the back burner again while the auditors do taxes for bigger clients. Meaning if we don't see audit soon, I don't expect to see it until next summer.
It is time Roger grows some and gets something done. If he misses the February 14 deadline for another quarters financials, this stock could fall below .05. I hope he understands how bad this really is.
I have been invested here for 23 months and the PPS keeps getting closer to my .04 average cost.
Time for Roger to get off his butt and demand some action.
There are really only 2 business weeks left in the year. This week and next. With Christmas on a Tuesday most people will not be working between Christmas and New Years. So unless we see the audit before the holiday we are probably stuck waiting til next year. If we don't see it until mid January that is fine, I can add more to my Roth IRA after the first of the year. And if it happens before Christmas we start the year with a bang.
My only concern about the audit is that the Auditors will be into Tax season soon and we will be pushed to the back again while they deal with bigger clients if we are not completed by Mid January.
This Distribution and Fulfillment business is also possible in the US if the audit is ever finished and expansion continues. Once the Audit and Uplist is complete I see more Snakes locations opening and warehouses opening in the US. Canadian fulfillment center is peanuts compared to what is possible in the US.
Thanks for the 6's
I've had a bid sitting at .068 for over 2 weeks, it finally finished filling this morning. I am nearing 1.1 million shares. I have been so impatient waiting for this damn audit to complete. But now that we are so close to 2019 I kinda hope it will stay cheap for another month so I can add more AMFE to my Roth in January. I am maxed out for this year.
I emailed Roger, told him this entire audit process has been a complete and total embarrassment. I recommended to hire a competent CFO and fire his existing accounting staff. Also suggested he hire a production manager to run herd on people and keep them on task to meet deadlines. You can only miss so many deadlines until everyone thinks the place is run by a bunch of amateurs.
Please take the time to drop Roger a polite note, the last time we as a group sent a bunch of emails he released a statement that evening.
I hope we are close to getting the audit situation completed, we can't franchise or uplist until it is finally finished.
I used the below email
rmortimer@amfiltech.com
I don't think the numbers are bad. This company is growing every month. I think his accounting staff just sucks. And he has a very big problem with meeting deadlines. I know with a growing company you can't always afford to hire all the staff you need to keep up with rapid expansion and growth. So keep your mouth shut and don't promise stuff you can't deliver. And meet a deadline when you do promise something.
I will be emailing Roger again today, and encourage everyone else to do the same. It seems it is time, once again, to remind him of his obligation to shareholders. The fiscal year ended four and half months ago and first fiscal quarter ended a month and half ago yet no reports have been filed. And, he has not addressed the issue. I realize he can't fire the auditors when we are in this deep, but the second they are finished with the audit they need to be fired. Everyone associated with this embarrassing situation needs to be fired, including his in house accounting staff. And then hire a CFO to make sure the financials are handled in a professional manner going forward.
He should also hire an operations manager to make sure other issues are meeting deadlines. This company gets more sloppy with meeting deadlines every day. He constantly promises updates on Subs, better never gives them. It is time to start running like a real company, not some stinky pink. The stop sign is just one more embarrassment to an already struggling situation. The stock price drops everyday while management ignores shareholders. Time to man up and act like he is running a real company. This looks like amateur hour for management lately.
I see 2 morning games here...
insert-text-here
I am new to this stock. I followed Seaton over here based on his charting. I have been watching his charting for awhile and he seems to hit pretty often. So I picked up 65,000 share yesterday just to see what would happen. This actually looks like a decent stock that may go somewhere. Not your typical pump and dump.
I am kinda surprised that the price is not moving up. With the volume I have seen the last few days I was expecting the price to move up quicker. Either the MM's are working hard to keep this down or a bunch of stupid people are dumping at the wrong time. From my limited research it appears this is the bottom and it looks ready to run. Well worth throwing some cash at and sticking around for a month or so.
If Roger wanted to prop up the stock price he could hurry up and release the 2018 fins. And then move the uplist along. I have a feeling the Uplist will not be done before the 2018 Fins are filed.
I'm sitting tight for the long haul, but it looks like a bunch of people already jumped ship, very short sighted, but they are killing the stock price.
So Roger please get the year end numbers out and finish the Uplist process. Then maybe when the next lease or franchise agreement is announced we see the stock price move up instead of down.
Resubmit or update the application to uplist. If Roger would update the form on the OTC it would at least show some action toward uplisting is in the works. And he could release the 2018 fins ASAP. There are a lot more options for news that would be better received by investors on the sidelines. At last count it looked like they were negotiating 4 or more leases. Get one signed. I understand Roger has been burned by dates before so he maybe hesitant to put out a PR for Tempe opening date until he is sure. But we need better quality news than he released this morning. I personally thought it was good news and progress, but no immediate impact to the company. Tempe, 2018 fins or a new lease would get us much more traction. How about getting the OTC to show the AMFE profile as Audited, it still shows as unaudited??
Those cheapies at .11 didn't last long. Somebody is working real hard trying to keep this down. I will take a 3 cent gain every day. A lot of news coming in the next month. Tempe opening, several leases will be finalized. And we have 23 franchise deals to negotiate. Just release a lease or franchise agreement every week and we keep climbing.
Volume looking good. Idiots racing to sell cheap already.....
So glad the board is finally back up
I am not a big cheerleader here, but I would say that today over 800,000 shares moved to stronger, longer hands. When we do finally uplist there will be very few shares available and the share price will climb accordingly.
Was that a 300,000 share buy I just saw. Somebody thinks this is going up soon.....
If you ask politely
Roger does respond. Would have been nice to hear we will be done tomorrow, but we all new that was not coming. I am very encouraged that they have been hard at it for the past 2 weeks and the fact that they are finally meeting face to face tells me they are very close. It will be harder for RBSM to make excuses and drag their feet looking someone in the eye.
I am expecting, or at least very optimistic that the audit will be wrapped up by the end of September, when the yearly reports are due, if not sooner.
We are perfectly set up for a huge run as the milestones in company growth line up. In the next 30 to 60 days, we should see Tempe open, Audit released, Uplist, IK spinoff and dividend, Several leases signed for new locations, Several Franchise agreements signed, T-shirts shipped to investors, Games shipped to Walmart and other retailers, and possibly see some positive news on Gro3. Those are just a few of the positive milestones we will see in the next 2 months. If we get just a little bump in the share price as each is milestone is confirmed we could very well see 50 cent share price by end of the year, possibly more.
I also sent Roger another email this morning thanking him for taking the time to reassure shareholders about the audit. I don’t email him only when I am pissed off.
Good luck to all. By year end we will all be very glad we stayed long and added when we had the opportunity.
How about some good news
I am not down on AMFE, I just am discouraged that the price keeps dropping even as we see more growth everyday. But I do keep adding more every month and then see my balance lower than the previous month even with more stock.
And speaking of growth, I did have the opportunity to private message with JRF when he was here in Denver scouting and talking with interested parties. I am not giving away any secret info, but he did tell me that he was impressed with the Downtown LODO area in Denver near Union Station, and was sitting there as we messaged. Obviously, I don't know anything concrete but was nice to hear he liked the area I told him about and was checking it out.
I believe if these 6 locations that were referenced in the recent tweet get moving soon we could have 10 locations up and running by late spring 2019.
The last I heard (announced on Kickstart website) the "Unicorns" would not be available for retail until October. Now it was not clear if that was for individual orders or if orders like Walmart would ship sooner. I hope sooner. But the update said they are not even in full production mode yet.
My dad told me a story about an acquaintance of his that convince a small publisher to publish his book. It was just a small run of 60,000 copies. Him and his family around the country bought up every copy of his book they could get their hands on using credit cards and even a line of credit against his house. This was back in the days before Amazon. The publisher was so thrilled with the sales of his book they did a second printing run of 500,000 copies and this time spent some money on promotion and arranged for book signings and radio interviews. Suddenly the book started selling like crazy.
If everyone on this board just bought 5 copies of the game as Christmas presents Walmart would be thrilled with the quick sales and reorder more games. Then other retailers would also want to stock this new hot game. A self-fulfilling prophecy
I don't want a 'Canned Update". I want the real truth. What is taking so long? Why didn't the CFO Squad do what they said the would do in just a matter of day? Have you fired the CFO Squad yet? Have you fired your internal accountant yet? Lets hold someone responsible for this mess. Tell me what is being done right this minute to finish the audit and by who? Does he have someone assigned to manage nothing but this audit until complete? If not, why?
rmortimer@amfiltech.com
this is the email I used. Please be polite. I am sure Roger wants this uplisted as badly as we do. My complaint is that he is not being fully candid about the problems and delays. After one year it is time he lays it all out and completely explains why he can't get this done even with the help of the CFO Squad. This black cloud is holding down the stock price.
My email to Roger
Mr. Mortimer
As a shareholder I am writing to ask for an update on this long overdue audit. It has now been a year without any visible results. The last mention of the audit was over two months ago and we were told soon. It is past “soon”.
I think after all this time we deserve a candid update on why this process is taking so long. You hired the CFO squad to help resolve this issue months ago stating then it would take just a few days to complete. Now here we are months later, and no explanation why the CFO squad could not get this done. Are they still even working on it? Have they been fired yet?
I purchased more shares based on public comments, made by you, about an audit and uplist happening. I would like to know why that has not happened, and what you are doing to make it happen.
Thank you
Shareholder since February 2017
I realize a PR from Roger will probably not help the share price but I think the long term shareholders deserve an explanation and update. And maybe they will continue to pick up these cheap share and keep the price from falling further. Roger shot himself in the foot with this never ending audit. He has yet to give a decent explanation as to why his CFO squad can't pull this out.
I know this stock is undervalued but investors are just afraid to dump anymore money in this company with the Audit questions still looming.
I think it may be time to put some pressure on Roger to update shareholders on the audit progress. Two months ago, I and a number of other shareholders all emailed Roger on the same day asking for an update. He responded with a Press Release the next day on June 21, 2018. Below is a quote from the PR addressing the audit.
"The audit process has been a principle concern for the company and its shareholders, and we have received a number of queries relating to the projected completion date. This process has taken longer than expected, and we understand that previously released timeline updates created expectations of completion dates which unfortunately were not met. At this juncture, we are expecting the audit to be signed off on very soon, but we do not have an exact target date. To be absolutely clear, there is no indication that there are any issues of concern, and the company has no doubt that the audit will be completed. The company’s tremendous expansion over recent years will be verified shortly, at which point we intend to uplist to the OTCQB Venture Market and will continue to accelerate forward with our aggressive expansion plan."
After two months without a mention of the audit, I do not think it is unreasonable to ask for another update. I purchased more stock based on his public statements about auditing and uplisting. I want to know where we stand.
I still suspect that we will not have an audit until the numbers for fiscal year 2018 are released. Even if that is the case, and we have to wait another 5 weeks, I believe we are due an update.
Don't get me wrong, I am still long in this stock. I even added 25,000 shares this week to my million plus holding. However, the stock price is tanking again due to his lack of candor concerning the audit. It is time to man up and address the situation.
If you agree, please send Roger a respectful email requesting an update. No need to be nasty or insulting, but a polite email expressing concern is not out of line.
This is the email address I used last time rmortimer@amfiltech.com
Denver is a great location. The Auraria Campus area holds the perfect target demographic for a S&L location.
Just google Auraria Campus and look in the Map mode.
You will see Community College of Denver, Metro State University, University of Colorado branch campus, and CU Denver school of Architecture. This area is on the edge of Downtown Denver and very close to Coors Field -Rockies Baseball and the Pespi Center- Home of Denver Nuggets & Colorado Avalanche. And DU campus is just south of this area.
Can't wait to show up at the grand opening.
Fort Collins is the typical University town that could easily support a Snakes, but don't forget Boulder, less than an hour from Downtown Denver. Boulder is another huge University town with the perfect target demo for a Snakes.
Why wouldn't you support AMFE with some Christmas shopping. I buy stuff like this every year for stocking stuffers for kids and grandkids. Might as well buy it from Walmart and support the stock at the same time.
I plan on buying 5 or more games from Walmart.
If everyone on the board purchased a few games from Walmart we could buy up the initial purchase order in no time. And possibly cause Walmart to reorder. This could also create buzz about a sellout of new games and generate orders from other retailers, as well as get noticed in trade and toy publications in time for Christmas. A run on Walmart for Morning games is exactly what we want. I am checking online weekly to see when they are in stock.
I just ordered 3 Tshirts.
With that same $74 I could have purchased 624 more shares. I felt so guilty I just sent $400 to my Ameritrade account. We will all be amazed at how cheap this stock is right now when the end of the year rolls around.
Slow trading day followed by a slow trading week
I hope we can hold in the 9s until something happens.
This is the Friday before a holiday week. Half my office is not working today. And with July 4th right in the middle of the week not much will be happening all next week. Many people will be on vacation all or part of the week. So I expect low volume for the next week and won't panic if we fall a bit. I will grab a few more share and hope July is finally the month.