Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
$100,000 bid. That’s one of the biggest bids to show in AMFE for some time...
Long AMFE
Rec
What’s gotten real old is babysitting all those other volatile one hit wonders in the OTC arena.
Perspective is key here. Look at the gains AND the length of time that AMFE has held those gains.
Patience is key for those who seek wealth.
Long AMFE
Rec
The Gro3 division consideration:
This division has slowly but surely been laying the foundation to ensure a successful sales campaign.
Here are 3 things to consider that were taken directly from recent AMFE press releases.
“A new website is currently under construction and will be launched in the coming weeks, along with an intensive global marketing campaign for the brand and its products.”
Below is the result of the aforementioned:
http://gro3systems.com
“Many of the people who have contacted GRO3W have been development stage cultivators entering or completing the licensing process and are currently planning and building their facilities.”
Reading between the lines, a cultivator may sign a letter of intent, or make a deal subject to Health Canada approval, before an actual purchase order is issued. So one would expect as Health Canada continues issuing licenses, AMFE will likely have some announcements for deals that were pending.
There are numerous cultivators outside of Canada that the Gro3 sales team is likely in touch with or have at least targeted, to present the Gro3 systems to, and the major benefits it will provide to these cultivators.
It’s likely that as regulations are currently being set and standardized to protect consumers, that cultivators will be searching for alternative ways to grow organically. It’s only a matter of time before those who seek a solution, and those who provide that solution, are paired and connected. Gro3 is THE solution.
“The GRO3W Ozone System operations in Kalamazoo, Michigan is now fully equipped to meet the demands anticipated and the showroom in Ontario, Canada should be up and running by the end of this month.”
The Gro3 sales team can now move forward with an aggressive sales campaign, knowing the main facility that manufactures the hardware / tech is fully equipped to meet anticipated demand.
The sales team should also have a “retail ready” showroom at their disposal for presentation purposes by now, a most valuable tool in the sales process.
All in all, I expect the Gro3 division to bring in massive revenues over time, while also bringing overall awareness to the holding company AMFE.
Long AMFE
Rec
Intro updated to show 600M A/S. Thanks for the reminder.
Go AMFE
Rec
This AMFE tweeted picture's worth a thousand words!
Exclusive distribution on 2 of 3 titles, likely 3 of 3 in this picture.
Exclusivity on Cards Against Humanity, upper left corner box.
Exclusivity on Exploding Kittens, lower left corner.
Exclusivity on Bears vs. Babies?, front and center / lower right.
Go AMFE
Rec
This A/S increase can be perceived in multiple ways.
Think of the authorized shares like MJTK's credit card limit.
The good:
MJTK just raised their credit card limit by 6 times the amount they formerly had. Now they have a lot of shares they can use to pay for other debts, services, products, or acquisitions. The idea is that they will use these shares to make improvements to the company and place them in a better position than before.
The bad:
If and when MJTK takes advantage of the raised credit card limit (and they probably will because they are the ones that filed to raise the credit limit), in essence they are diluting shareholder value.
Someone has to pay or carry the credit card balance, and rarely is it the company that foots this bill. The company only pays the bill if they buy back shares or retire shares. Shareholders are the ones that carry the balance and ultimately pay for any new shiny things MJTK plans to buy. And MJTK just heavily implied they plan on a big shopping spree.
Of course this can be expanded upon much further, but this is the basic pro vs. con of raising the A/S.
I used to hold a large position here and I keep an eye on it, since it's still on my watchlist. Thus my interest and response here. However, I am on the sidelines for now and have nothing to gain or lose with my insights.
I wish MJTK shareholders and the company good luck moving forward.
Rec
Elmofosa, the company AMFE does not sell shares directly to the public.
Generally speaking, think of the company as a wholesaler who uses retailers to distribute their shares.
Example: you can't go directly to the Ford manufacturing plant/factory and buy a car. You must go to a Ford dealership to buy a Ford.
You don't go to AMFE directly and say, I'll buy 50K shares. You go through a retail broker like ETrade, Scottrade, or Schwab to place your order.
When your order executes, you're buying the shares of another investor who is also using a brokerage firm to place their sell order.
All shares in the float are basically being exchanged from one investor's account to another's.
Here's an overview on share structure specific to AMFE that might further help:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=134540422
Go AMFE
Rec
There is NO GAP. Yesterday's price hit .18 and there would only be a gap if the price opened above .18 and there was no price action AT or below .18 moving forward.
The closing price from the last trading session does not have to hit in the following trading session in order to avoid a gap if the last trade session saw higher pricing than where it closed.
Go AMFE
Rec
When technical and fundamental catalysts align, it's mesmerizing!
This is where AMFE appears to be right now.
Fundamental catalysts haven't always moved the stock here. But they are the backbone of the company and have allowed AMFE to hold a huge portion of the gains shareholders have seen this year for an astonishing amount of time. You rarely find a stock in the OTC that can hold these type of gains for as long as AMFE has. This should be the most telling of anything.
Technical catalysts are what helps jump start the action and provide extra liquidity to the stock.
The charts are setup perfectly for a strong reversal. Pending fundamental catalysts that strengthen the foundation of the company are well known, and they're coming inside a month's time.
Repeat: When technical and fundamental catalysts align, it's mesmerizing!
Shareholders are in for some exciting times!
Go AMFE
Rec
Taking break from Ihub, still holding here. Screenshot at bottom of message showing I'm not flipping or playing around, just holding.
And a few older posts that still seem relevant with AMFE today.
And here's some thoughts on why I just hold AMFE rather flip it:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133868497
Why it's important to provide bid support when there's a wide spread and a short position actively working the spread.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=131863403
AMFE short term vs long term outlook
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134037119
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134023757
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=131896335
My thoughts on franchising:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133460464
I started building my position in AMFE several months ago, based on existing accomplishments. Investing is mostly forward looking though, therefore the reason to invest is for future growth potential. At the time, AMFE had many catalysts that were in the works that lead me to believe there was plenty of room for AMFE's valuation to grow, therefore investable. Some of those catalysts have already come to fruition and my earlier positions are very fruitful.
I look at the list of upcoming catalysts and view the growth prospects as extremely strong. One can make an investment now, and still have strong potential to see tremendous growth in their investment based on the many new growth catalysts. One of which we just received news on: franchising.
Lastly, this is why I share screenshots of my position every once in a while:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133790932
Go AMFE
Rec
Current Share Structure explained and what A/S, O/S, and float mean.
Most stocks are made up of a share structure in the following way:
A/S - Authorized shares
O/S - Issued and outstanding shares
Float - shares freely trading
AMFE also has a share structure for preferred shares:
A/S 10 Million
O/S 4.5 Million
Preferred shares are in a different class and for the sake of this post, do not need to be discussed in great detail. Preferred shares are NOT part of the float, and thus are not freely trading.
A/S = the total number of shares a company has available to issue into the market to raise capital.
O/S = the total number of shares a company has actually issued into the market.
Float = the total number of shares freely trading in the open market. The float is often times different than the O/S. To calculate the float, take the O/S minus restricted stock.
Restricted stock is stock that has been issued, but can't be sold for a specific period of time.
The float is more important than the O/S at any given moment, because the float is what freely trades on the open market and determines the actual supply.
AMFE's current A/S: 600 Million
OTCMarkets will properly reflect this number any day now, as the attorney has already completed the filing for a 300 Million A/S share reduction with the NY SOS (Secretary of State).
AMFE's current O/S: 473,895,499
AMFE's current float: 266,034,139
The numbers above mean there are currently 207,861,360 restricted shares. O/S minus restricted = float.
There will also be an O/S reduction of 20 million shares. Those shares are likely Ben Castanie's from when Roger Mortimer originally acquired Snakes and Lattes from Ben for 20 million shares. Those 20 million shares will probably be converted to preferred shares using the same ratio as Roger's when he reduced the O/S by 370 million shares back in early March, 2017 and converted
350 million of his personal shares into 4.5 million preferred shares.
What a reduction means in the:
A/S - the company has less shares to issue for capital and acquisitions. Since the company significantly reduced the A/S, it means they are confident moving forward with expansion and acquisitions using only incoming profits. This also means shareholders stock value won't be diluted.
O/S - the company is in essence reducing the supply of freely trading shares. The less shares available to trade usually = higher stock value. Basic economics, law of supply and demand.
Did this answer your questions sufficiently?
Go AMFE
Rec
Roger Mortimer's new office?
No need to babysit AMFE, but still hanging out here just waiting for power 2.0
I suspect AMFE will start receiving some major attention 4-6 weeks out from now. That is when the audit should be completed and investors will have clarification regarding pending catalysts that the company has been discussing via tweets and press over the last several months.
Go AMFE
Rec
AMFE does not directly grow or handle the marijuana plant.
However, one can always spin the "guilty by association" factor for good or bad.
One thing is certain, the will of the people has come too far. MJ is here to stay. Laws will and are changing to reflect this.
To use the gold rush analogy:
AMFE will have more to gain by providing the "picks and shovels" to the MJ industry.
Very few will succeed in actually getting a grow license, but many will try.
AMFE will work with everyone willing to try by way of offering a grow solution (picks and shovels), rather try to be one of the few growers that will succeed.
This is the safest way to succeed. And AMFE has a good chance of being the king of "picks and shovels" to the grow sector.
Go AMFE
Rec
I believe the inherent risk of investing in MJ stocks due to the political climate and existing laws is quickly falling by the wayside. Overall sentiment and perception toward the use of marijuana has changed dramatically over the last several years.
Sentiment and perception can change in the matter of an instant. Existing laws and legislation can not change in an instant, but they ARE changing at as rapid a pace as they possibly can, to reflect the will of the people.
The above conditions are exactly what is bringing investors to MJ stocks, not driving them away.
I respect all viewpoints including yours snax. My apologies if my original response to you came off as disrespectful. You are not stupid.
Respectfully, I'm just stating my views in response and joining the everyday conversation here when I have the chance.
Go AMFE
Rec
"If you build it, they will come"
A famous movie quote that rings true with AMFE.
I did a PIE analysis a few months back.
Performance 10%
Image 40%
Exposure 50%
Image and exposure are stronger here than before and still growing. Keep making these strong and the PPS performance will take care of itself.
Long AMFE
Rec
Snakes and Lattes and GRO3 are separate entities under the AMFE umbrella.
They are managed and run by separate teams, each of which specialize in their area of expertise.
The weed play will hamper huge growth by Snakes in the future IMO
Actually...it's exactly what I'm focused on and discussing here:
There was more focus and mention of Health Canada's approval process in this PR than any others in the past. This implies a closer working relationship with the entity that holds the key to all licensed MJ cultivation in Canada. And AMFE has never been shy about discussing other larger entities they've had discussions or working relationships with in the past. So we're most certainly aligned with the powers that be. Also, several months ago, AMFE did mention working with Health Canada (Tweet 7/2/17).
AMFE may not be 100% in with all the licensed growers, or Health Canada themselves, but the company is certainly aligning themselves with the right players and in the same room. The company is taking all the right steps and making the rounds! It's only a matter of time before everyone is coming to AMFE.
SIPC is one of my MJ holdings and I do believe the sector will see some serious attention and huge investment come pouring in, leading up to and into 2018 when CA becomes fully recreational.
For a stock within the Hemp/MJ beverage sector, SIPC is a rare breed. I don't know of any other publicly traded Hemp/MJ alcoholic beverage stocks. That combined with the current share structure, relative to price and total valuation, makes SIPC one of the top stocks for investment opportunity and growth going into the prime trading season with any number of major catalysts revolving around CA going legal rec very soon!
Great to see you getting ready Sleek!
Go SIPC
Rec
Cultivator we're working with, approved by Health Canada?
It certainly sounds like the cultivator we have a GRO3 deal with, is pretty far along in the approval stages set forth by Health Canada's ACMPR.
The PR mentions "their license", as if the cultivator is already licensed or at least at the point of formalities.
It has been mentioned that they only intend to have their license initially cover this 14,000 sq. ft. rear nursery
GRO3W can assist with the quality assurance stage for up and coming cultivators, which is a key component of the overall application process.
I use coinbase.com to buy and sell.
If you set up this account, make sure you set up a USD wallet so if you do make a trade, have the funds go to your USD wallet instead of a brokerage or banking account. That takes a week to clear and settle.
Channeling any funds to your USD wallet means you don't have that long settlement period.
It will require some ID verification to do this.
Good luck and go LTE
Rec
Thanks for your humble, sincere, and heartfelt words.
I believe Roger has set AMFE up for a great future that will be well earned and deserved on many fronts, not just for the company, but for the long term investors who hold and see the vision unfolding right before their eyes.
Long AMFE
Rec
Since you're looking at technicals and not fundamentals, is there a reason why you believe the 50 day won't hold?
When I look at the technicals, I see a much stronger outlook than what you're painting.
I'm also looking at the fundamentals. And when the fundamentals are as strong as AMFE's are, this is a much stronger barometer to measure the success and sustainability of a company.
So I'm commenting on the technicals for you, care to comment on any of the fundamentals for me?
I'd love to hear your take on the fundamentals :)
The smarter investors are looking at much more than just the technicals.
Go AMFE
Rec
I still like EDXC and have a position here. The company needs more exposure to bring daily volume into the stock, and that's out of my control, or anyone else's here.
Go EDXC
Rec
And as you've stated along with others, getting size back will be harder than one may think as the price moves back up because:
- new shareholders will want to see higher returns on their recently acquired shares and likely won't sell shares so quickly and easily.
- shares have been accumulated by longs on this dip are in stronger hands now.
- powerful upcoming company catalysts will validate the strength of the underlying fundamentals and keep shareholders holding stronger than ever before.
Go AMFE
Rec
Speculating that if AMFE doesn't get to .25 on Roger's timeframe, there's nothing stopping him from eventually stepping in to buy back shares with incoming profits.
It's not ideal, but it's less ideal to be stuck on the OTC Pink tier, and less prestigious to be listed in the OTCQB tier vs. OTCQX.
So if push comes to shove, AMFE could always do a share buyback. And this would all but guarantee a push over .25.
This makes absolute sense, again only IF AMFE needs that extra push.
Patience everyone, AMFE will get to OTCQX and will be trading at much higher levels.
Minimum opening starting positions will be .25 when AMFE becomes tradable for many other investors / investment banks / hedge funds, etc. once uplisted.
I like being in before those larger entities start taking positions.
Go AMFE
Rec
I've stated publicly that my focus is on the core company business model and future growth plan, not the short term price movement.
When I initiated my AMFE position for the first time, I did focus on the short term price movement. As I discovered more and more about AMFE, it became a lot easier to focus on the company fundamentals and ignore the daily short term price fluctuations and I viewed AMFE less as a trader, and more as an investor.
Of course this all helps when you have a "cushion" of unrealized gains to work with, but I've had huge cushions of unrealized gains in other stocks and chose to sell when I had those cushions because they didn't have the fundamentals to support any long term sustained growth.
Ultimately, I've seen the value of AMFE in my portfolio give up a fair amount, but I'm ok with that because I view AMFE with the vision of an investor, not a trader.
This is what I believe will bring the most value to investors who see the long term vision.
For what it's worth, I'm not just preaching the word, I'm living it. Still
holding all my shares, and one of only a few who is willing to prove it via screenshots of my position.
Go AMFE
Rec
Stronger layers are being added to AMFE's foundation.
A lot of the recent press has been updates on the core/foundation of the company.
Not all updates have an immediate impact on the share price like sales/contract news does.
But when the foundation is strong, you can bet the share price will respond when sales/contract news comes.
Again, I'm focused on the company and the strong business model they've built and continue to grow. The share price will follow suit in due time.
Go AMFE
Rec
The 33% A/S reduction announcement by AMFE demonstrates the companies confidence to continue its current business model and future growth / franchising plans WITHOUT the need to substantially dilute shareholder value by issuing massive amount of shares into the open market.
In other words, AMFE has substantially decreased the supply of shares that COULD HAVE been used to raise more money, because they're already making enough money from their existing business model.
Go AMFE
Rec
AMFE 300M A/S reduction, that's 33%!
Profitable company, self sustaining recurring revenues.
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc--Discusses-Upcoming-300M-Authorized-Share-Count-Reduction--Common-Share-Reduction---Other-General-Updates?id=168351&b=y
Rec
AMFE just announced a 300M reduction in A/S. That's 33%!
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc--Discusses-Upcoming-300M-Authorized-Share-Count-Reduction--Common-Share-Reduction---Other-General-Updates?id=168351&b=y
Go AMFE
Rec
$AMFE news 33% A/S reduction! That's 300 million shares :)
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc--Discusses-Upcoming-300M-Authorized-Share-Count-Reduction--Common-Share-Reduction---Other-General-Updates?id=168351&b=y
Go AMFE
Rec
Here's your AMFE news: 33% A/S reduction!
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc--Discusses-Upcoming-300M-Authorized-Share-Count-Reduction--Common-Share-Reduction---Other-General-Updates?id=168351&b=y
Success to all of Flex Nation.
Rec
The issued and outstanding is what's used to calculate market cap, not the authorized shares. So the reduction in the A/S does not have a direct correlation to the share price.
The indirect impact on the share price:
The 33% A/S reduction announcement by AMFE tonight demonstrates the companies confidence to continue its current business model and future growth / franchising plans WITHOUT the need to substantially dilute shareholder value by issuing massive amount of shares into the open market.
In other words, AMFE has substantially decreased the supply of shares that COULD HAVE been used to raise more money, because they're already making enough money from their existing business model.
Go AMFE
Rec
AMFE News 33% A/S reduction!
This shows absolute confidence by the company to be self sustaining from current revenues. Additionally, it demonstrates that the company will fund future growth in a non dilutive nature.
For those that want to understand further the significance of an A/S reduction of 33%, please read an earlier post about A/S reductions from the night AMFE tweeted that they'd be reducing the A/S by a minimum of 9 figures:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133904038
Go AMFE
Rec
Knowing how thinly AMFE has traded on light volume during the last few weeks, it will trade just as thin on the way back up.
So when you say, any who sold size and wants back in, it may be difficult to get the same position back, without costing extra.
This is why I'm not trying to sell and buy back. Every time there's a little push, the ask thins out quickly.
More shares are being accumulated than dumped. So to buy back in with size on an even tighter held float, it may be more difficult than one thinks, to buy back the same position and come out ahead.
Go AMFE
Rec
Couldn't agree more with this statement!
I say, let the pump and dumps go talk about what they want to do in the future, while AMFE stays busy doing it. lol
Most due diligence shared here is factual information based on completed actions and real brick and mortar storefronts that have daily incoming revenues.
Regardless of short term price action, the business model will speak for itself and ultimately win out in the form of a properly reflected share price and company valuation.
One can debate all they want about what's causing the recent dip in share price, but no one can argue how far AMFE has come in a short period of time and the business growth model being implemented.
This is a long term growth stock. I continue to hold accordingly.
On the majority of other OTC stocks, what is handed off as Due diligence is mostly speculation based on trying to align certain things with each other.
AMFE has earned from me, the view of looking at the company fundamentals, not the share price.
The share price will take care of itself in due time.
Long AMFE
Rec