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Bought more today...will use this 25K share position to trade along the way.
It will feed the need to trade. Rocketstocks was right, ever since entering AMFE, I look at all other OTC stock trades with a much more discerning disciplined approach, and pass on many I likely would have traded. Sigh...lol.
Go AMFE
Rec
Holder...welcome aboard Cheds :)
Go AMFE
Rec
Publishing means exclusive distribution rights worldwide :)
Snakes & Lattes franchises will also become a built in marketing machine for the games they publish.
Go AMFE
Rec
AMFE 8/11/17 News highlights:
DISTRIBUTION FRONT
Fulfilling orders for 500+ newly acquired accounts in just the last month and a half.
SKUS growing in number of game titles being sold.
Shipping has been mostly completed on the two previously announced $1 million + PO's within the Snakes and Lattes gaming distribution division.
Southeast Asia and Europe are two key markets that AMFE has exclusive distribution rights within certain territories/regions. Order commitments have been received from these regions and holiday shipments are being prepared to fulfill these orders.
FRANCHISING OF SNAKES & LATTES
The newest Midtown location opening is set for early September and this flagship location will set the standard and serve as the model for all future in house owned AND franchise leased locations.
Updates on franchising plans will be released with other developing company updates next week.
SNAKES & LATTES PUBLISHING
This new division just received its first publishing and exclusive distribution contract. (As the PUBLISHER, exclusive distribution means worldwide). A signing bonus of $200,000 has been received.
AUDIT AND UPLISITNG
The audit is on pace to meet the extension deadline set by the SEC for fiscal year end 10-K filings. This audit will cover multiple years.
3 years of audited filings is one of the uplisitng requirements for OTCQX.
OTCQX is a higher tier listing exchange that DOES NOT restrict investment from hedge funds, investment banks, retirement funds, and other larger entities within the larger banking/investment community. Adidas and Heineken are a couple examples of companies listed on the OTCQX.
Link to press:
http://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc--Announces-Update-on-New---Ongoing-Business?id=166980
The best time to make an investment in a company is when they have an established business, solid footing within their sector space, and a rapidly developing growth curve.
What AMFE just delivered in today's press is further proof that they have indeed established themselves within their sector and are rapidly growing and accomplishing their business goals on many fronts, while further pushing forward with expansion.
Go AMFE
Rec
$AMFE Nice grabs Flex! Dip opportunities are few and far between.
Congrats on BITCF! What an amazing move from your penny buy in last year.
Continued success Flex and Flex Nation!
Best,
Rec
Another scenario...if ASCM has been at the lower offer much of the day, shorting is a possible culprit to the downward pressure we're feeling today.
If this is ASCM's behavior, it could be a combination of this scenario and one of the other two I suggested that has played into today's action.
Still holding entire position, as I'm sure many others are.
Go AMFE
Rec
When the floor suddenly drops from underneath, seemingly out of nowhere, often times you will see a healthy rebound follow soon after.
Do not use stop losses. Market makers have full viewing access to these orders and they WILL take advantage of it. This is one scenario that may have played out today.
Another scenario is that a single investor who bought in much lower, decided to take profits. Market makers will pull bid support temporarily if they see a large quantity of shares dumping. So too will retail investors. Once a bottom is found, support comes back and the market will naturally correct itself accordingly.
It's rare we see intraday volatility like today, but it happens every now and then in AMFE. It can be easily found by pulling up a simple historical chart. And once spotted on this chart, it's just as simple to spot the strength and conviction that has always brought the price per share roaring back and hitting new highs.
This pattern is very bullish!
I haven't been watching very closely today, but I'm pretty sure based on observing the market on other days very closely, that our "big investor or sponsor" was not in full action today.
Go AMFE
Rec
The faster the flurry of action on L2 by market makers, the better.
When market makers are dancing around and active, bid jumping and posturing for position, this shows a lot of interest behind the scenes.
This is bullish, especially when price levels are holding strongly. It suggests a lot of buyers are trying to grab a position "on sale".
Go AMFE
Rec
I love observing the action as it unfolds throughout the day. It points to many things unaccounted for in press releases.
Generally speaking, the market speaks...not the company. A company can release some incredible news, but ultimately it's the market that dictates direction.
That's why we hear the common phrase, "the market has spoken, or let the market speak".
On almost every other OTC stock I've held, I observe out of necessity. For AMFE, it's more for the joy and to study and discover the intricate details that press can never fully disclose.
Go AMFE
Rec
What I've observed and studied in AMFE's trading over the last few weeks, leads me to believe the out of sequence large block trades, are for a large investor, like an investment bank.
This is just speculation on my part, but it aligns with my belief of AMFE working with a sponsor in preparation for their uplisting to OTCQX.
An investment bank doesn't buy shares the same way a retail investor buys through their brokerage accounts. They go directly to a market maker.
The market makers then collect shares throughout the day at various levels in order to fill these large orders from investment banks. Once they've collected enough shares, they fill the order at an average price and this is when we see those large out of sequence trades.
They've been happening consistently over the last few weeks.
We even had one print after the market closed for another 300K+ shares as everything gets settled for the day.
This partially explains why we're seeing shares absorbed at the ask AND the bid without any change or movement from the position these trades occur. This is the market makers balancing a delicate dance in order to follow the directives they're given from non retail entities.
The non retail entity or entities don't give carte blanche on their order, they'll set parameters and let the market maker go to work. The market makers, if working to fill some sort of non retail or institutional investment order, are keeping the price movement in a very controlled steady manner, to accomplish what they were ordered to do, within the parameters of the directive they received.
Rocketstocks has pointed out his belief that there is large investment working to buy in, but in a controlled manner so as not to make the share price rise too quickly.
I've just tried explaining why I also believe this, in a more detailed technical way.
Hopefully this makes sense to others. If I haven't explained it well enough, just know that this entire overview of the process, is working very much in AMFE investors favor. And it's quite bullish!
Go AMFE
Rec
There's one of those out of sequence trades I was expecting to see...I like these kind of trades. No time to explain, but it's a good sign.
Go AMFE
Rec
I believe SIPC will pay off quite handsomely in the coming months with CA going recreational and all of the speculative explosive catalysts associated with the largest cannabis economy coming online in full force!
Just accumulate and hold on to your favorites, SIPC is one of mine.
Congrats to anyone who picked up low .01's. It beats my current average.
Go SIPC
Rec
As we've seen intraday in previous sessions, I'm expecting to see another out of sequence trade of somewhere between 350,000 - 400,000 shares.
This would align with what I believe is a large buyer/s, such as an investment bank or small hedge fund (a sponsor?). We're getting to sustained price levels that normally would have exhausted retail buying power.
And through the efforts of Roger and company, including us retail investors, the business is becoming quite attractive to larger firms with much more buying power.
The combination of all these ingredients are making for a very powerful, justified, and sustained move higher.
Sit back and relax, but don't lose grip on your shares!
Go AMFE
Rec
Been investing for many years and rarely ever shared screenshots of my positions. However, I echo the following statement you made Plowmaster:
"I'm normally more private about holdings, but I'm hoping to serve as a bit of stability for folks and new investors alike."
Mirroring the transparency AMFE has displayed from the get go, I too share screenshots of my holdings every now and again to show stability as I remain steadfast.
Go AMFE
Rec
Bump...click back to review upcoming catalysts mentioned in the radio broadcast from a few days ago.
This was better than a PR because investors were able to hear Roger's voice and listen to how he responded to direct questions with unprepared answers and remarks.
The tone of Roger's voice, and the way in which he addressed and answered questions, was very telling of a confident man with a vision, a plan to execute on his vision, and nothing to hide.
Go AMFE
Rec
Accumulation/Distribution is one of my favorite chart metrics.
Look at the accumulation line on AMFE's chart. It's a thing of absolute beauty!
I hope you grabbed a position from several months ago when I sent you the chart as it was forming. It's nearly tripled from those price levels. But what's most impressive is how it's held gains for the past 8 months. This is practically unheard of in OTC.
Go AMFE
Rec
Large blocks on the ask will get taken out by new investors looking to grab size, vs. building their positions with small ask slaps of 5-10K share blocks.
Smart investors will also be supporting the bid all the way up.
Those who want out will be able to sell easily. Those who want to flip, can flip...but it won't be easy to buy back in for any size with these large ask blocks getting taken out quickly.
$60,000 worth of stock at the ask was taken out in a matter of 2 minutes :)
$60,000 is nothing for an institutional type of investor. I'm guessing we'll continue to see increased/record dollar volume here for months to come.
Go AMFE
Rec
A HUGE special thank you to GTINSPECTOR for arranging Roger and Ben's appearance on KSCO tonight!!
It's one thing to get press, but to hear how one speaks, not only in prepared statements, but in live interaction with remarks and answers to incoming questions, is a breath of fresh air! Especially when it comes to Roger Mortimer. Most OTC CEO's come off as shady fast talking scammers that smart people can pick up on in the tone of their voice, even in prepared statements.
Roger handled himself brilliantly tonight, with confidence and humility, where many others would have buckled under the pressure of this live interaction format.
Lastly, Wes was as confident and brilliant in keeping a good pace and flow to the transitions of a live radio show, chiming in with great commentary when appropriate and on topic.
Thanks again GTINSPECTOR (Wes)! I hope others donate to help support your show "My Two Cents".
Simply put, amazing show tonight from everyone involved!
Go AMFE!
Rec
Roger's live on air KSCO radio appearance recap:
These are just the main points that I took away.
Franchising of Snakes and Lattes IS coming. After locations 4 and 5 are opened, target market is USA in larger urban centers.
An in depth roll out plan for franchising will be shared sometime in the next few weeks.
AMFE is working with a consultant on this franchising rollout plan. The consultant wasn't named, but was
described as having experience with NASDAQ companies and their franchising rollouts, some of which resulted in rollouts of over 1,000 locations.
The Interloc-Kings spinoff is strategically timed with the completion of the overall company audit.
Why? This way, the spinoff will be spun off as an audited entity. What this means for us shareholders, is we will likely be getting dividend shares in an audited company when the spinoff is completed.
There will be press this week. It will address the audit, and likely offer a date on the completion of the audits, give or take a few weeks.
When Roger was asked about his thoughts on a reverse split to help accomplish the goal of an uplisting to the NASDAQ, his answer was as good as they get!
The veteran wise answer was:
There are no reverse split plans in the cards at the moment. He was humble enough to say that he understands how the investment community started this chatter based on his Tweets mentioning the NASDAQ. And followed up by simply stating he may have gotten a little ahead of himself due to excitement with the rapid growth AMFE is experiencing, but that months ago when he announced the goal of OTCQX, some may have thought he was crazy then...but look how far we've come and how close the possibility is for an uplisting to OTCQX. In essence, stating NASDAQ now, is no different than stating OTCQX previously.
NASDAQ is definitely a long term goal, it just won't happen overnight. The goal has also been to "KEEP EVERY INVESTOR!"
Roger making this statement "KEEP EVERY INVESTOR", tells me he has a great awareness for perception, and how his companies press and actions can be perceived, and thus how a reverse split would be perceived by the many "OTC arena investors".
Due to the general misconceptions of how AMFE would use a reverse split, Roger knows that IF AMFE were to even consider doing a reverse split, it would only be if they needed a little nudge to get to the NASDAQ, and only a very tiny reverse split at that.
Admittedly, Roger does get ahead of himself, but it's only due to wanting to be transparent. Those who understand transparency, know all too well that it's easy to get ahead of oneself with general comments. But as long as the company continues its growth trend, getting ahead of oneself gives investors a peek and hint as to what's coming.
And speaking of growth trends... Roger's parting words were: "expansion is not going to stop any time soon"
Many thanks to those who called in with great questions. There was a ton that was covered and answered! This appearance only further enhanced the confidence one should feel with their investment.
Go AMFE
Rec
"We're not going to stop expansion anytime soon".
Roger's parting words :)
Go AMFE
Rec
Reverse/Split extremely well addressed by Roger in responsible, yet humble manner.
AMFE shareholders are fortunate to have a CEO with the ability to communicate clearly and efficiently.
Go AMFE
Rec
I trust Roger will take appropriate actions to accomplish his goals for AMFE, while simultaneously keeping the best interests for investors at hand. Have a little faith...
To date, he has done just this with amazing results! So if and when the time comes to take some sort of action, to enhance our exposure even further beyond OTCQX, as in a reverse split (today's highly debated topic..), I will likely have reason to be highly supportive of those efforts.
Go AMFE
Rec
One's ability to align and clearly communicate using knowledge and insight from research and experience does not make one an insider.
An intelligent person can find publicly available information, connect the dots for others, and then share speculated insights through well thought out and written messages.
Rocketstocks is an excellent example of the aforementioned.
"Anyone other than me think Rocketstocks may be an Amfe insider??" Not I...
I remember a post on Ihub with close to 100 replies based on shared due diligence. This individual was accused of being an insider, but I know for a fact they weren't...
Keep up the great work Rocketstocks!
Go AMFE
Rec
The smartest investors don't follow their percentage gains, or even dollar gains...they follow a companies growth cycles and future growth potential.
The market is forward looking and investors will measure growth based on coming catalysts the company announces. This is then combined with current price to earnings and applied toward the share structure to determine what a fair market cap is today and what the potential is for the coming quarters/year.
Of course some investors have specific goals in mind, but that can be narrow minded and cause great losses if the goals aren't adjusted, or end up leaving a ton of money on the table based on hitting a goal and waking away too soon.
No disrespect to your post, but all of this came to mind because I do have 6 figure unrealized gains and I'm not looking to sell.
I'm kind of echoing what another poster mentioned a few weeks ago, basically saying that as long as a company is showing growth and or expansion, there's little reason to sell, regardless of percentage or dollar gain.
In my view, AMFE is in the early early stages of growth, and has very strong potential to see multiple years of increasing revenues and profits along with sustained growth!
Go AMFE
Rec
SIPC's focus today: Hemp/CBD beer, and Hemp distribution.
Last I checked, the market is forward looking!
I wasn't around when SIPC was focusing on MJ lights. Most don't care to go back and study business dealings that are pretty much non-relevant today. Just as no one today would buy or sell a stock based on information / earnings from yesteryear, that are clearly no longer relevant today.
I'm focused on the present, and presently SIPC is doing a great job with placement of their Major Hemp Brown Ale in multiple breweries, including a national chain (Old Chicago).
SIPC also continues to provide Hemp seed/ingredients to other companies for their use in production of their products.
If the MJ lights didn't work out, at least the Hemp beer and Hemp distribution business did.
Again, I'd rather focus on current relevant information than looking back at non relevant information.
Good luck, I like my view and angle much better.
Go SIPC
Rec
$AMFE great pick up Flex!
Last correction was basically .09 to .06, a 33% move over a couple weeks. Then all the way to .225.
This correction was basically .22 to .14, a similar 33% move, but over 3 days. Move back is happening much faster. And all the way to...?
AMFE, gotta play it long if not for the chart pattern that's played out into blue sky territory, then for the fundamentals which are great!
AMFE seems to be the next mega successful franchise.
Evening Flex and the nation,
Rec
Yes, but actually written in filings and press. Not just random observations and gut feelings...
My observations and DF's gut feeling earlier were purely on the current trading action setup.
Overall, I don't think either of us use short term observations and gut feelings with long term investment grade stocks like AMFE to determine long term outlooks.
Just clarifying. I haven't traded in and out of AMFE since low .03's - .04's once. And that was when I was still initiating due diligence. Then I realized it was better to just hold tight.
Long AMFE
Rec
Observations + gut feelings. Learn to trust them my fellow Amfilites ;)
Stepped away for a much needed workout. I've learned with some like AMFE, to just trust the process.
Go AMFE
Rec
In other words, ASCM is saying, retail....it's your move. We'll play accordingly.
Obviously, as a long, I'd like to see some buying pressure vs these stagnant periods. Stagnant periods are making newer buy ins nervous and patience gets the better of them, so they sell into the bids.
Then again, there doesn't appear to be huge volume, so stagnant periods allows for some consolidation after some recent volatility, which at these levels is healthy.
Go AMFE
Rec
ASCM appears content for now. This tells me they have finished covering and secured a satisfactory position.
ASCM hasn't completely dropped off because they're waiting to see what the market wants to do. Thus being parked at reasonable distances away from the current bid/ask.
If there's downward pressure, they could return and work the ask. If there's upward pressure, they may ease off and move along, just as they have in the past.
Just an observation from an interested shareholder who's still holding their entire position :)
Go AMFE
Rec
Thank you Panzer, and welcome back! There's no reason to think that SIPC won't have another strong move as things continue to unfold.
I'm happily accumulating in the .013 - .015 range.
Go SIPC
Rec
An early welcome then. As you've discovered, SIPC has multiple ways of bringing in revenues and a line of CBD beer that many are anxiously awaiting.
A distribution agreement for bottles of Major Hemp Brown Ale appears to be in the works as well.
Good luck and go SIPC!
Rec
Great to have you back Flex! AMFE still in an uptrend, despite a cooling off the last few days.
Amazingly, still holding huge gains and then some over the last 8 months!
Good to hear from you.
Happy trading to you and the nation!
Rec
The last major dip from mid .09's to low .06's took about two weeks to play out. It recovered beautifully.
This major dip from .225 to mid .14's has a similar percentage dip and happened at a much faster pace. This too will recover beautifully, likely at a faster pace, based on how quickly it dipped.
Shorts got their opportunity and took it. I believe it's time they move on.
Long AMFE.
Rec
Been in and out of GRNH for several years. Currently not holding a position though.
Liquidity here vs the size of positions some have held, has always made GRNH a challenging trade. But patience has served me well. Just saying, if I want to trade out, usually takes several days or a week to get what I want.
This is one of the old guard MJ stocks that has some "brand ticker symbol recognition", but I think it trades on its name more so than its fundamentals.
Always has a good story going...so still worth a trade. Just can't be in everything all at once.
Best to you in GRNH!
Rec