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Until they made all the acquisitions, set up the JV and got the share price over .1 there was no reason to pay 50k to have the books audited. Now that the dollars are coming in and they are on the path for rapid expansion and the share price is over .1 they want to attract bigger investors. How do you do that? Uplist to a regulated exchange. They now meet all requirements to uplist to the QB once the audit is complete. I'm not saying it isn't possible the auditor find something out of sorts but it is highly unlikely... especially since the same auditors did the last audit and finished on time.
Know what you own AND THE LEADERSHIP BEHIND IT.
They have to have their financial reports audited by a 3rd party as part of one of the regulations to uplist off this exchange. Roger is smart and has been very transparent. IMO they wouldn't spend 50k on an audit if the books weren't clean.
Right now there is 30k across 4MM's starting at .165
Exactly the same time the audit and filings are due... GLTY
Thanks hard to quickly summarize everything going on here. So many good things
Welcome. The SL sub has just announced there franchise plan and has already announced the opening of the first franchise location in Q1 2018. But SL is much more than just the board game cafe. They also have a game publishing and distribution arm. The own the distribution rights to some of the top games right now and are filling holiday orders right now.
GZ solves one of top problems for the MJ industry which is pesticides and is patent pending. There are several deals in the works and on multi million dollar deal already signed.
The last sub IK will be spun off under a new ticker and a new acquisition will be made to add to that ticker. Every share holder will receive a one time dividend in the form of share for that ticker.
The company is also undergoing an audit to uplist off the pinks. They already reduced the AS and have a 500M cap on shares for 2018.
Read the stickies at the top with detailed info and DD.
IMO this is one that should be bought and held. When they announce the yearly numbers next summer it will blow the $6M+ they did in 2017 out of the water.
GLTY
Lots of action on the bid! 700k+ across 3 MMs starting at .16. As they move up this thing could run.
There was mention of an additional 20M shares.
"Reduced OS by 350Million. We intend to reduce this number even further in addition to the 20mill already in the works."
Mike. Don't have PM. I was speaking about the joint venture between AMFE and ACTS Inc (now advanced ozone integration).
But I am sure we will hear more soon on their plans for Canada and California.
Haha read some of the stickies at the top and the DD all over the board here. They have a JV set up.
It the only patent pending solution for growing clean MJ with no pesticides
Not yet per last night Tweets the spinoff and dividend announcement will happen after the audit and uplist.
"Uplist will occur following audit submission. Spinoff/Dividend details will be announced shortly thereafter."
I'm guessing we will get information on the acquisition that will be made under the new ticker at that time as well.
No. But if the are getting 125k in promissory notes for FFR for the 50 or so locations they put out in the pr that's $6M+ right there and it does mention using their software for dashboards... it says that is provided so it may just be set up in their erp system and may not require any fees.
See my post earlier about this. These are the key take always from the questions investors would care about. The rest are about areas and locations.
1) must have minimum 500-750k liquidity or financing
2) they are asking 125k to secure first right of refusal or you can put a counter offer
3) the franchised locations are planned to be managed and staffed wholly by S&L trained personnel
4) franchisees will be provided with a log in to view daily operational dashboards, quarterly income statements and quarterly projections
*sounds like the software acquisition they have discussed before*
Saw that. Just wanted to give you a heads up before you submit
Just an FYI. After you submit your application it will give you a score. It appears the entire score is based on the FFR question.
Yeah. I thought the same thing. About to submit mine now
What I find more interesting is that it doesn't seem like they are asking the franchisee to be involved much in the day today like others do. They want to do all the hiring, training and management themselves and just provide the franchisee with updates. Quality Control
I am reading through the application/ questionnaire for the franchising and here are some key points.
1) must have minimum 500-750k liquidity or financing
2) they are asking 125k to secure first right of refusal or you can put a counter offer
3) the franchised locations are planned to be managed and staffed wholly by S&L trained personnel
4) franchisees will be provided with a log in to view daily operational dashboards, quarterly income statements and quarterly projections
That last part sounds a lot like an acquisition we heard about ??
Just got a response for my franchising request! It asks you to fill out a survey and allow 14 days for a response.
I agree that was methodically walked down and maybe a couple stop losses triggered around .15 for 20k or so. Some one had to fill that 500k order or cover the 500k from yesterday. Going to bounce quickly. IMO
I don't think it applies when it's walked down so someone can buy 500k+ shares... that was nuts to watch.
I check it every morning and evening.
I put one in the night the PR came out for Charlotte, NC and I haven't heard back yet.
He also mentioned getting an exception the last time he was on my two cents.
Nice Bears vs Babies article yesterday. It mentions availability on Amazon and ThinkGeek. Anyone familiar with thinkgeek? I know we have mentioned AMFE fulfilling the amazon orders.
http://mashable.com/2017/09/25/bears-vs-babies-creator-interview/#W5_gzHbFkiq4
No kidding up 100% less than 36hrs from IPO
Well, tomorrow is the last trading day of yet another record quarter for AMFE. (Grow order, games shipping and of course the growing popularity of the SL cafe). We all know what is coming in October and the very near term....
1) Q1 18 fins
2) audit completed to prepare for uplist
3) info for dividend, spinoff and acquisition for the new ticker
4) flagship location grand opening
5) finalizing paperwork on second franchise location
6) more GZ orders
7) holiday inventory will start shipping
IMO even though the chart is setting up like the other runs this next run will dwarf the previous. Thanks to all on this board who share true DD ( some of it gets pretty deep) and help connect the dots for everyone.
AMFE$$
Haha as soon as you sent it out it was gone. Such manipulation crazy how they can get away with that
Wow CSTI throwing up a big wall at .181 362k
Hahaha that's too funny. I told my wife about AMFE but she has no idea how much we actually own. Otherwise she would quit work already and be shopping.
Whoa NITE is already upping the Ask and bid a little bit. Going to be a good day.
Look up Mary777 has around 350 followers and a board called Mary's picks
Based on what we have seen in Roger's email to Russ discussing shareholders or potential shareholders reaching out to people, vendors or partners to confirm AMFE news etc.
I don't think the will announce this person, the game designers or any partners until we are off the pinks. Which is a shame since Roger has been so transparent but it's the land we play in right now.
I already sent an email requesting first rights of refusal for Charlotte NC. I also ask if they would provide the structure of the franchise agreement. Very interested to see how they have that set up and how they will be making money off the franchises
Oh man! That will be an awesome show so close to audit dead line and announcing the biggest quarter to date (I'm not saying Roger will announce anything on the show). He was busting at the seams the last show trying not to share to much. Can't wait!!!
Just type in the company name
https://appext20.dos.ny.gov/corp_public/CORPSEARCH.ENTITY_SEARCH_ENTRY
Read the tweet that just came out and it is on the most important website NY Department of State. It's official.
I had been checking the SOS website like 5 times a day waiting on that. If anyone sells before they announce FY 18 earnings next August they are crazy! They are going to put up a monster year
Huge!! Vote of confidence from Roger and showing his share holders he is taking care of them
A little crazy today it has traded above the Ask numerous times