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Chicago will be corporate owned near the Cards Against Humanity HQ and will serve as the NA HQ for S&L. They are working on finding space for this now (their new partner will help with that). As for the franchises they put out a PR with waves but that was really a guideline of where they would like to go. It all depends on the applicants they get and if corporate will be able to support the franchise. I bet the next PR we will see a change to the wave plan based on some of the applicants they have received.
Haha that was good.
Got ya. Get back to posting your analysis of the technicals. One of my degrees is in math so I’m a numbers nerd and I loved reading them.
This PR will be posted on all trade outlets in the morning that’s why it says tomorrow Dec 6th. Not a typo.
Guess we got what may push us up at the wedge ??
They have to analyze thousands of transactions across numerous subs. So the banks have to produce statements where the auditors can review the transactions. If they get the wrong statement, years, or sub they won’t be able to find the transactions. Not saying that happened here but that has been my experience doing audits as a consultant.
Gross* pardon the typo.
Well there you have it. Mid town will be open tomorrow. Guess the S&L tweet today was a hint. Now everyone can shut up about it and enjoy all the revenue it is going to bring our company. Oh and wouldn’t you know it our accountants were to cautious and our nets are turning out to be higher than previously reported.
BOOM! To all the naysayers out there get out of the way. This PR may not launch the PPS but the company is doing everything they can to grow as fast as it can. Physical locations and audited numbers don’t lie.
http://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc--Provides-Shareholder-Update--New-Location-“Midtown”-Opening-Tomorrow---Audit-Process-Update-?id=177141&b=y
Good catch! The staff must have been preoccupied this weekend preparing for something.
That’s the one I was talking about...
Sad? Last time I checked (about 30secs ago) we trading 10x or higher than we were in January and holding it during a consolidation period... I wouldn’t call our chart sad. Maybe you should zoom out and look at a 1 year chart.
Look at the S&L twitter account. Came out today around 1:30pm
Any one see this tweet from S&L today? It’s coming...
“It's been a busy week here at Snakes & Lattes, we have an exciting week in store for you all!”
Funny. S&L has been around since 2010. On the distribution side cards against humanity has been out for awhile and they have made tons of money (did you see they bought land just to need with trumps wall?. Plus all the other titles exploding kittens, bears vs babies etc. Lots of money in board games. Oh yeah I almost got got we are publishing one right now to take to market and were given a 200k signing bonus to do so. I encourage you to read the DD posted in yellow. There’s a lot more to Amfil than you think.
People who don’t understand business or impatient pink traders who watch L2 and T&S every second of everyday. There was an email posted on here where Roger said everything in his control they have delivered on... these items aren’t in his control.
I get it. It’s the nature of the exchange. Other companies have been pumped hard and crashed hard, other CEOs lie and only focus on stock price etc. That’s not what AMFE is. If you held a DB, CHipolte or a Starbucks you wouldn’t check it everyday and not tirelessly stare at L2. You’d check it every so often and watch it grow over the year. That’s the mentality needed here.
What you are seeing now is a CEO who learned from a mistake and not commenting on competition of items that are out of his control (audit and location 3). News will happen soon. It’s obvious he isn’t going to put anything out till after mid town and the audit IMO. Record quarter numbers didn’t push the stock like it should have so IMO he is better off waiting for them to complete the audit then do a shareholder update.
Thank you.
Can you please provide that tweet? I just went through all of them for last month and don’t see it....
Note and csti are creeping up to fill bids hahah
It looked like someone walked it down with small trades just above those two 100k bids and filled 200k. If they wanted to really sell 500k they would have went all the way to .135 I think to get the other two on the bid.
Already seeing it. ARCA has been lurking the last few days. Started at .12 and now is up to .135 with 100k bid
Yeah it will be interesting to see the impact Blockchain has on this. As I was exiting IBM earlier this year that was one of their three bets for the future.
That’s awesome to hear! Thanks for the report. Did you happen to snap any new pics?
If we moved back up like this today and nothing fundamentally changed. Imagine what would happen if a PR BOMB drops tonight. It is Roger’s favorite night of the week for that and we all know what is lurking around the corner. Tick Tock
No kidding. Hard to believe how short sided some people can be when they don’t even understand how audits etc work. You can explain it a 1000 times and get no where. Gets exhausting!
I think everyone missed a clue Roger gave us also. He added Formatted to his tweet on the 20th. But it doesn’t really matter. They will release everything when it’s ready. After that I bet they will start moving faster than anyone is expecting.
The auditor’s engagement letter under filings on the OTC website isn’t proof?
Yep and it has been stated numerous times things are out of Amfil’s control. But here is where I think people are missing the message IMO.
Roger said after the inventory visit and everything is submitted they will be 99% complete. All that is left is really just formatting. Then on the 14th right after their visit this tweet came out.
“Expecting the audit any day now. Everything has been submitted and is in order. Audit/Uplist, then Spinoff/Dividend being planned for shortly after. Major moves being made behind the scenes here - Huge developments across the subs are on the way. Stay tuned #power3.0”
After everything is submitted the auditing firm has to review it and may ask more questions. Then we got this tweet on the 20th.
“Auditors will be receiving FORMATTED and updated 10K tomorrow morning as part of the closing process to auditor engagement.”
notice the word I changed to all caps? Does he need to spell it out anymore? The 20th was right before thanksgiving. An American firm (RBSM) is doing the audit. Don’t think they were working much last week.
As for the soft opening... it doesn’t really matter. It’s real, we have seen it, people have visited it. You think they would sink 1M+ into a new location if it was a scam? Or better yet, string along 100+ franchise applicants? This location is the model for all future locations! Please AMFE, take your time and do it right.
If people can’t be patient and get over the day today. They will jump to early and miss out. Listen to the numerous people here that talked about being in AMEX, EBAY, Monster and others early and they sold because they were too impatient and missed out on 7 or 8 figures even.
Companies take time to build. Be patient. Mistakes will be made and the leadership will learn from them.
AMFE$
Forgot they already said they were working on Chicago.
http://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc--Is-Pleased-To-Announce-The-Opening-Date-For--Midtown---The-Third--amp--Largest-Snakes--amp--Lattes-Corporate-Owned-Location-To-Date?id=174595&b=y
This is the last update I have seen. It only talks about two.
http://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc--Provides-Update-on-Audit-Completion--Uplisting---Dividend--Franchising-and-General-Company-Operations?id=172516&b=y
First stop will be in Chicago I bet. Right around the corner from the CAH HQ. think of how awesome that location will be. The CAH guys can test all sorts of new ideas there.
I love seeing S&L tweet this out to 10k people. Sounds like $$$$ to me!
“Have you started any shopping for those of your list this year? We have fully stocked locations waiting to hear from you all!”
“Fully stocked also includes eager staff willing to help you find the right gifts for those on your lists!”
AMFE$$$
Any one else notice we have a new MM biding today? ACRA isn’t usually here and has been sitting on the bid with 100k at .122 since before the open...
And of course as I sent that, I get an announcement that POTN is retiring 52% of their common stock. Maybe management is turning it around.
I got in that one earlier this year around .02-.03 and rode the hype to .08. Strictly a flip IMO due to the management. They paid an analyst to put a .25 target price on them, done some RS’ in the past (I think this was more when they were sun auto mall), look at the CEO’s FB page (he actually comments on the POTN FB page too). However I have ordered and tried their product and I slept like a baby :). They were selling out at the conferences earlier this year.
GLTY
ETrade shows 0.001 ( most likely rounded up from what you see)
It’s not JRF’s place to share the status of mid town. Per his post, he did take a tour of it with the leadership team. But it would not be smart of him to speculate and jeopardize his chance of landing a franchise.
Happy to comment on this sorry I missed it. I have already had calls with the leadership to discuss plans for my area and how to address items of concern I.e. training. Believe it or not they don’t just hire a bunch of teenagers/college kids train them for a couple shifts and throw them in there. A major part of their job is being able to read customers and pick the perfect game for them to have a good time. This is just as important as the service and food quality.
From our discussions if we enter into an agreement. They would expect to be up and running in 6-8 months or less. But it all depends on the type of franchise, if we build or lease, and our quality control plan and other factors. As they get better at managing quality control I expect this timeline could speed up.
As for now that’s about the extent of what I can share.
I hope this helps you.
It’s not a claim. There are several of us here going through the process. I’m not sure how to prove this to everyone that it’s real. I did post the application questions awhile back.
Actually I know exactly where he is. Today he was meeting with potential Franchisees in Toronto trying to make future expansion deals. I don’t know about others here but I want him to focus on the things he can control and not items he is waiting on third parties to complete. Yes it did seem like things were going to happen faster than they have but they will get here soon enough.
GLTY
How are still reminding people of this? No construction project in the world ever finishes on time. It’s not like we are waiting on something people can’t see like a contract or PO. this is a brick and mortar location that we have pictures of. Heck some people on this board have or are visiting the location now. As for the audit, that completely falls on RBSM. Roger can only relay what he is told and what AMFE has done on their side to progress it.... not sure why this is still a discussion and people are still falling for it.
The last few trading days have been pure manipulation. Anyone watching L2 can see it. Someone buys at the ask the seller slaps the bid.
What is even more ridiculous is the fact that we are trading at roughly 3x PE. This company just did 6M in one quarter and we are more than half way through their Q2 which is always the biggest for sales.
Happily Holding AMFE Long.
What’s even more interesting is where all the franchise requests are coming from. They said it hasn’t been just in NA....