All of my posts are only my personal opinions and should never be taken as fact or advice by anyone.
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Here’s the problem. Most everyone who ‘was sophisticated’ and invested is down 50+%. If I were a flipper I would’ve made money. Just saying.
lol. Idk what to say man. I guess you’ll be the guy who accidentally bought into a new successful franchise chain early! You’re a lucky man!! ;)
Paid for by shareholders. Are we all down 50+% so they could raise money to make videos that get 5 views? Sure looks like it. Smh unreal. To reiterate, I am expecting:
- Release of all Hygieia products with revenue of 250-450 thousand for Q1.
- 2 million $ share buyback finishing very soon
- A partnership with a 130 year old textile company
- Discussions with severs manufacturers for Hygieia
Guess what? Alex PR’ed EVERY ONE of those things as FACTS. If they don’t get done it means he is a liar, basically. So if it does get done, I’ll say: Alex, I’m satisfied with your master plan, so I’m holding. If it doesn’t, I’ll say: Alex, you’re a liar, bye. Unfortunately I would need a small run just to even break even at this point. Thanks again for the dump to triple OS in a month, Alex. And thanks for telling Ejboug it was done before dumping even more—stay classy, dude.
And every one of them has lost money here. Well whaddaya know
Because it’s dilution, duh. Can’t blame you for not knowing really, the CEO never explains anything here
Amazing news..
Lol, “1bn is nothing”... given the CEO’s unironic talk of ‘uplist’ and NASDAQ, yes, going from 300 million to 1bn is catastrophic and we won’t be going to uplist anywhere without a giant 60% share reduction. So yeah it is ‘something’, smh
Yeah, in English we call it a lie.
At No Bid / 0.0001 maybe Alex will finally realize he can’t ask us to fund his fun and games forever....damn. Disappointed here. The dude straight up lied to Ejboug’s face.
Ejboug—there is dilution. Next time you speak with the CEO, can you tell him we need this explained and we need honesty?
I agree. I think CEO should follow communication guidelines I set out in my posts below lol
As more locations are opened AMFE’s capital increases and their ability to open more increases. This is an exponential process, so yes, the really early stages we are in now might seem slow. After the first few master franchises are up see how ‘slow’ it is.
Everyone with business experience just sighed. It’s common practice and necessary to establish a roadmap. But of course you seize opportunities as they arise even if you didn’t plan them exactly. I am really happy to see Snakes management making suck an aggressive move—that’s the entrepreneurial spirit :)
The comment just said that their packages have almost arrived at the Snakes and Lattes facility in Buffalo, NY, and that they would then be shipped to Toronto. Maybe a warehouse of some kind?
The franchising plan clearly states that they won’t pass up opportunities for later wave locations just because the previous wave is not 100% done. That’s what happened with AZ. They’d be fools to pass it up...
Snakes and Lattes apparently has an active facility in Buffalo, NY. (Mentioned on a kickstarter page of a game they will distribute in Canada). Buffalo, NY was one of the franchise locations too!
Went for a swim, feeling better. I am still long on Amfe and stressed because my position is large...I just want us out of this phase of uncertainty. I will feel better after an audit verified everything is legit here and an overview of company stage so I can value it properly.
Read the August 22 PR. Let’s get some sanity in here hm?
I think you can appreciate my main point that we have PASSED the valuation where amateur hour in company communications is ok. It’s not ok at this point. ‘In the coming days’ means in the next 2-3 days. You don’t make promises you can’t keep. You don’t announce acquisitions and then shareholders wonder what it is. Honestly, I just hope that he is holding back until the audit and that there is a lot, I mean a LOT, of news to be released. But that combined with the audit is bad for us. We need the audit, it’s a point of credibility as I’ve said so many times. Roger MUST complete this audit. He is out of time here and has backed himself into a corner by saying “this week”, “this month”, “99% dome”, “in the next few days” too many times. It’s unreal that this audit is not finished yet. Just do it. It’s a banal operation that has been done thousands of times before and it is the catalyst to EVERYTHING now. We are all waiting for the AUDIT.
You realize it was announced as finalized 6 months ago. Finish the freaking audit please.................
I don’t want to sound like McKinley but that is from August 22 and it says “in the coming weeks”. Step it up Roger is my advice. It’s time to pro now, finish the audit and accelerate the franchising + growth.
I hope the Kagan guy in the video is not who they put in charge of franchising.....also this is what I was saying about we have not been given a complete overview. Why are we doing this arcane DD as if this were some silent penny stock. Wtf. AMFE with its high valuation should be keeping us completely up to date and informed on its operations and growth strategies. And this audit really just needs to go. At this point it is ridiculous and a blight on the company. It’s time to GET. IT. DONE.
Well when the hell are we going to see it? We are at an inflection point here and I don’t think a lot of you guys understand that. Really hope Roger does.
Simply, no. If you read my post again you will realize that the details I have outlined have not been addressed yet. I am looking for a professional, complete, and thorough outline of the franchising process that is being pursued.
For this, Twitter is useful. Easy to keep us posted with a 2 sentence tweet a couple times a week. It’s just basic communications, but it would make a big difference.
For that we would also need management which is actually transparent and fully open. I would advise CEO Alex in future communications to:
- cut out the geopolitical stuff; we don’t care and it doesn’t affect the company
- cut the most of the backward looking stuff; we want to hear what is occurring now and how it will affect the future
- Provide a summary of key, concrete developments at the beginning rather than burying them in a huge letter where most people don’t find them.
- and SPLIT UP the communications. For example he should have made a PR explaining the move to Florida for export purposes, and ANOTHER announcing Amazon listing of socks. It’s just communications 101. Think: if I were a confused shareholder, how would I want the company to communicate? Then just do it in that way.
- GREATER SPECIFICITY. This is the big one. I will take a one-liner that says “We have secured a contract with x manufacturer for x volume of product” over a vague 5-page letter EVERY TIME.
I think if all those 4 things that I listed are addressed in full and in a positive, professional way, we could quickly see 100 million $ valuation tbh.
Dafuk else would we call it hahaha.
Here are the news that I want to hear discussed here by management:
- End of dilution + a full explanation of why it happened
- Share buyback
- Release of the other 5+ Hygieia products, and an update on reception of socks
- Long term plan (other UAT products release full timetable, uplist, manufacturing partnerships, etc.)
Lol @ “what people on the board like to call it dilution”
I want to get a thorough explanation of franchise planning. How is it being done. At what rate. With who. These questions need to be answered so we can value it. What is AMFE’s ownership stake in each franchise? Honestly it’s time to go pro now, I’m getting tired of audit delay and fuzzy communications. Get off the pinks sheets with the audit and give us information so we can value this correctly is what I say. And I think it is undervalued.
In other words, GET THE AUDIT DONE. Daily reminder. Ffs. Getting ridiculous....
Waiting on the release of BOXERS, CURTAINS, SHIRTS, MEDICAL/MILITARY WEAR. Keeping in mind the revenue we saw from socks, comparable success in 5 additional streams could mean a 500,000$ quarter (80,000*6). Also, tell us about NextCast details.
Also waiting on explanation of dilution and update on buyback and uplist. Let’s please hear more about the 2 year 2 million $ share buyback announced two years ago — should be interesting.
Finally, tell us the plans for the HARDCORE TECH described on the website. CEO stated he has a 7 year product timeline. It would be great to share that timeline with shareholders.
Great find. I’m glad to see things are happening behind the scenes. Alex may change our lives here. But he doesn’t want to make it too easy for us lol ;)
Surely Roger understands that?? Think about the increase in our ability to make acquisitions with a 1$ share price. We could acquire stuff like NSI for 100k shares only apparently. That would be awesome. Please FINISH THE AUDIT
I would like it to go 1$ sometime before August. For purely materialistic reasons. ;) I would sell about 50% at that level and hold the rest for gold. I’ve stated many times that to reach 1$ at a reasonable PE ratio of 30 we need earnings of 16 million dollars—or the anticipation of that in the immediate future. I think that is well achieved with 5 more distribution exclusivities, some Gro3 traction, and 10+ additional franchises. It is so damn doable this year—and more. And yet here we are biting our nails over the audit. Roger just has to get it done ffs.
Not completing the audit would be absolutely outrageous on Roger’s part and I just don’t see that happening after he said it was 99% done. I think there must be some specific thing causing problems that is not getting resolved. But at this point I do NOT CARE what that is as where there’s a will there’s a way. Before Hannibal crossed the Alps with an army for the first time in history he said “I will find a way, or I will make one.” And he crossed the Alps with 80,000 men and 40 elephants. Finish the f*****g audit.
Ultimately it’s double-edged. I hate that we are in this trap where we have convinced ourselves the audit is critical while unprofitable companies run higher on ‘unaudited’ news—this is the pink sheets. What would the market reaction be if Roger stated: we have closed deals 10 franchise locations are will build them out throughout the rest of the year. I think it would be good, regardless of the audit. So why the audit fixation? Because it’s a CREDIBILITY issue now. That’s what the longs don’t see. POTN et al dont have this issue because no audit was promised multiple times. We need the audit now to DISPEL DOUBTS.
Ultimately we have huge accumulation, apparently very dedicated longs, and volume has just been really low for a long time now. If there were a genuine run I don’t think we’d have a big problem of flippers or people taking profits? Not sure. But I do know that AMFE is primed for a run following audit release and mews NOW, and that it gets less and less primed as time goes on and people lose faith and patience. So for the love of god Roger GET THE AUDIT DONE.
It’s unlikely that Gro3 secured 3+ million $ in revenue from their first client and that things died off after that. The first client is generally the hardest to secure and the least likely to pay full money. If that first client is happy, doors open fast. And if that first client was convinced with no track record to point to, salespeople will have an easier time persuading subsequent leads. I really think that this d**n audit disrupted Roger’s willingness to give meaningful news because simply the market only cares about the audit. At this point the delay is truly very bad and Roger needs to get it done and provide holistic updates regarding the business. We are at a critical stage for both Snakes and Gro3 where things (should be) moving very fast.
The point is that our expectation given that this company is valued at 70 million dollars is that getting a liquor license for a location will not be problematic. We are anticipating growing distribution and franchising to further support this valuation. This is not 3 cafes. If it is we are in trouble. I am expecting that news has been withheld regarding Snakes and Lattes and anticipate that multiple franchises are in the process of being developed on top of the 2 already announced. Franchising can go very fast once a model has been established.
I really just hope Roger gives us the audit.....not much else to it at this point. We need the audit.