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It's investors seeing bottoms on many MJ stocks and picking up positions at fire sale pricing.
As a result, collectively the MJ index looks to be making a bullish turn.
MJTK is one I'm loading again.
Go MJTK
Rec
Awesome gains so far! I'm close to $80K and not even thinking of selling.
AMFE is a Cinderella story in the making. I can certainly see the Snakes and Lattes brand becoming a well known chain of franchises with a cult like following of regular customers, much like restaurant chains like In n Out Burger, Chick-Filet, or Shake Shack.
Tac on the explosive potential of the GROzone division in the "budding" MJ industry, and you have a super long hold outlook that will bring fortunes to some that hold for the ultimate long term success story!
Not shy about sharing because I've already shared this information before. But in the spirit of continued full transparency, much like AMFE has been with shareholders...here's a screenshot of my account.
Go AMFE
Rec
Important AMFE current share structure:
No toxic debt or share issuance here!
New / all investors need to know the real current share structure per the most recent filing from the May 7, 2017 quarterly report.
https://www.otcmarkets.com/stock/AMFE/filings
Preferred shares:
A/S 10 million
O/S 4.5 million
Common shares:
A/S 900 million
O/S 444,807,264
Float 223,853,676
The real current market cap is just under $49 million. This is not truly reflected everywhere because some sites have an incorrect overinflated O/S. These other sites are not accounting for 350 million shares that were retired March 1, 2017 and converted to 4.5 million preferred shares.
Why were 350 million shares retired and who owned them?
350 million shares were the exact amount of shares AMFE issued in a reverse acquisition (August 1, 2013) of Interloc-Kings (IK), making IK shareholders majority owners of AMFE. AMFE's current CEO Roger Mortimer was the sole owner/shareholder of all IK stock. Roger became CEO of AMFE.
(Screenshots of all this info from the May 7, 2017 quarterly report are at the bottom of this post)
Since the time of Roger becoming CEO, He's been busy building a great company, acquiring a 50% stake in GROzone, and fully acquiring the Snakes and Lagers brand and its fully owned subsidiary Snakes and Lattes board game cafes.
Interlock-Kings will be spun off into its own company and AMFE shareholders will receive a dividend in whatever this new company will be. See below recent press release.
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc--Announces-Shareholder-Dividend-From-Subsidiary-Spin-Off?id=162636&b=y
There is so much information that's been shared here on everything else GROzone and Snakes and Lattes. Too much to cover in a single post. Read the last years worth of press releases here to get a fuller picture of the GROzone and Snakes and Lattes divisions of AMFE.
https://www.otcmarkets.com/stock/AMFE/news
OR read a lot of Rocketstocks due diligence posts. This poster ties a lot together with other insightful thoughts on charts and speculated upcoming events.
Go AMFE
Rec
Page 3 of filing
Page 4 of filing
Page 14 of filing
The variance in answers to this question is what makes the question great! There are many individual events that can single handedly have a tremendous impact on the continued growth of AMFE!
I won't speculate and answer because currently there are many things in place that keep me bullish moving forward :)
Go AMFE
Rec
AMFE a small cap Cinderella growth story in the making!
As solid as they come on the OTC. Long is the way to be as this company continues to impress!
Evening Flex and to all of Flex Nation.
Rec
A company can't retroactively announce an ex dividend date.
But, soon we could be hearing in the update that's coming about the spin off and how the dividend will be calculated, based on the number or percentage of shares owned in AMFE.
Go AMFE
Rec
The buying we've seen over the last day and a half is being done with absolute conviction and purpose.
This action has the characteristics of a small hedge fund or larger than normal retail buyer, building a position, simultaneously supporting previous buys they've made.
It's all very positive!
Go AMFE
Rec
A lot of shares have been taken in the .0014 - .0016. The .0017 resistance was broken today and close to 20 million shares have exchanged above that previous resistance level of .0017.
Regardless where this closes today, a good base is forming sub .002's.
Go MJTK
Rec
Did the price just hit .0968, or is the trade tape out of sequence? I missed when that trade went through...
Thanks to anyone who saw and can answer...
Go AMFE
Rec
A view from blue sky breakout territory is a beautiful sight indeed.
It appears there's a lot of room to breath if steady volume persists.
Add in some positive newly issued news from the company and we can see another uptrend with a duration of a month / month and a half.
Go AMFE
Rec
Took a bunch of those .0017's out MJTK.
I'll take some of the .0017's out...
Go MJTK
Rec
Felo31,
Once a stock price reaches .10 or higher, market makers can show minimum bids/asks of 5K shares at a time. Under .10 and minimum bids/asks have to be at least 10K shares.
Rec
Could be any number of reasons:
Technical breakout from chart players
New group buying in
Short covering triggered
Insiders buying
Take your choice...doesn't really matter because the fundamentals should support these gains moving forward, just as they have up to this point.
Go AMFE
Rec
By close, some here may have one of their best single day portfolio gains. I need about a .109 close.
As the share price trends higher, there will very likely be even bigger days.
Go AMFE
Rec
Huge day indeed! No one should be selling either. It looks like some serious covering is taking place, part of the trigger.
Go AMFE
Rec
Pouring ask hits non stop! Volume is back and building a very strong new base! Gotta love it!
Go AMFE
Rec
Love when volume comes out of nowhere...but it really didn't, this was expected. It was just more a matter of when, not if. Today's the start of the breakout.
All time highs hitting!
Go AMFE
Rec
A close in the .09's appears doable today. Looking at the trade tape over the last few days, I think the 100-200K blocks in the high .08's have been taken out. Looks like it's small 10K blocks now...
Go AMFE
Rec
This is still valid information and last week provided an amazing opportunity for anyone looking to add, or initiate a position under a cent.
I don't think it's been mentioned, but there was a gap in the chart around .012 that was finally filled on that brief but major dip we had last week.
Still quiet here, but summer is the time for bargain bin shopping.
Go SIPC
Rec
One should never become so complacent in their investment that any concerns they have are ignored.
I don't mind a cautiously optimistic viewpoint in any investment discussion, as any concerns show a thoughtful approach and provoke equally thoughtful responses that often times serve as good reminders why we invested in the first place.
Good looking out Ar3ohdee :)
Go AMFE
Rec
Market makers need to create a market somehow, and on low volume it is telling that the market makers are working to keep a minimum level of sustained activity at the current price levels.
Most of the time, lack of volume allows market makers to short and or walk down the stock price. It appears they don't want to short or walk it down on low volume because no one is selling any size to the bid.
We're seeing a little size at the ask, but nothing that would give market makers a hard time covering if they're shorting at the ask.
At a glance, the trade tape shows a lot of "mirrored" trades at nearly identical volume, a few ticks apart. This appears to be classic market maker activity. And they're not shorting size, because there's just enough volume and activity at the ask and bid being absorbed by retail.
I don't mind seeing small walls of 100-200K shares on the ask. Why? Because in order to get new shareholders who want size, there has to be a fair amount to grab. New investors who have done their research, looking for size, don't want to build size with 5-10K share slaps. They'd rather grab 100K shares here and there, or sit with size on the bid.
This is the combined behavior we've seen over the last 6 weeks or so of market maker and retail trading. It's all extremely healthy!
I assume there is some additional large investment sitting on the sidelines, just waiting for further confirmation on pending catalysts, before pushing to new higher levels.
Go AMFE
Rec
Absolutely! No argument on any of those fronts.
As is, AMFE already has a sustainable growth plan in place with everything Snakes and Lattes, that presently suggests a higher valuation.
This is why the stock has been able to hold the majority of its gains.
As implied and speculated updates become definitive business achievements, I expect AMFE's stock price to respond in a similar fashion, as it has with all the prior definitive accomplishments over the last several months.
Go AMFE
Rec
Yes, expectations DO need to be filled. Any perceived impatience is likely stemming from the fact that Roger implied something "massive" and "powerful" was coming, yet the perception is that nothing newly updated has been massive and powerful.
The company can only get away with cryptic tweets for so long, before some start calling bluff and demanding to see the cards.
I'm just calling it as I see it, but that doesn't change my long term outlook based on all the definitive accomplishments AMFE has achieved over the last year or so.
Go AMFE
Rec
Vacation over, perhaps just in time for some exciting updates from AMFE?
I like the tweets from tonight, but I'd love to hear some new information on solidified and executed business.
Don't get me wrong, I believe AMFE is extremely solid based on the current status quo, and I've taken a long game approach like many here..., but expectations are running higher than usual, purely based on the "leading" choice of words and language used in recent tweets.
Standing by...
Go AMFE
Rec
Generally, the investment community at large quiets down during the summer vacationing months.
The lack of posting can also be attributed to the fact that some don't like repeating themselves.
Quality over quantity.
One can learn more from listening than constantly talking.
Just a few reasons why it may be quiet...
Go AMFE
Rec
AMFE has SUSTAINABILITY built into their revenue model, thus the gains that have held.
Follow through on stated initiatives has also been key in sustaining current price levels.
The other important aspect to sustainability is the ability to engage investors and hold their interest. AMFE has done a decent job in this area, primarily using social media to inform, via an active Twitter feed.
Go AMFE
Rec
Was able to grab some mid .005's today. What I like about the earlier action, is that this uptick in volume may bring liquidity back to SIPC...even if just for a quick trade.
People buy stocks to make money. For any money to be made, you need liquidity.
Go SIPC
Rec
Still vacationing, chiming in on Tweets from yesterday.
How I interpret the tweets:
The next filing (fiscal year end) will be the best ever. Assuming they're audited, we'll be well on our way to uplisting as soon as regulatory filings are approved.
Authorized/outstanding reduction could just mean that OTC markets will finally be updated to reflect the actual current O/S and float from the last quarterly filing. OTC markets currently is not reflecting the proper share structure, which is way more attractive than what's shown.
The share structure should be updated in conjunction with the spinoff of Interloc-Kings (IK) because there were 350 million common shares converted to 4 million? preferred shares from when Roger brought IK into the AMFE family. Somehow the share structure of AMFE will need to reflect/be rebalanced accordingly.
I hope to hear details about this in the shareholder update that was mentioned in one of the tweets yesterday.
The #Buyback? may suggest or hint that the company is considering this...but nothing has been officially announced yet. I would be most excited to see this officially announced, as common sense tells one that any reduction in supply of shares, put back into the companies hands, decreases the supply available to the public. And as we've seen, there seems to be healthy demand for shares here. Supply / demand is the basic fundamental that helps fuel a higher move.
This tweet:
"Large poultry plant sale in the works. Workin with Health Canada, got specific approval allowing higher than normal doses of ozone approved!"
The way I interpret this is nothing to do with chicken biz, lol. What I speculate is that some sort of large MJ grower is buying this poultry plant, and is in discussions with AMFE to outfit the grow facility with multiple GROZone Ecopro3 units. And the follow up on Health Canada just means that the Ecopro3 unit may already have the nod of approval from Health Canada by way of meeting strict regulatory measures they'll place on approved growers in Canada. Based on how the Ecopro3 units apply ozone in the organic grow process, the placement of multiple units in one location via a contract, would explain the "higher than normal doses of ozone approved" comment. Or simply that Health Canada has approved the Ecopro3 units...
This is how I read into and interpret the tweets from yesterday.
Enjoy the 4th of July festivities everyone!
Go AMFE
Rec
Snakes and Lattes 3 locations video tour stickied.
I took care of it. It was a well done video.
Go AMFE
Rec
Initiated a new position today. If Citizen's Toke is indeed actively sending text deals to signed up consumers, from reputable dispensaries like Livwell, MJTK might be on track for some near term gains.
This of course depends largely upon timely updates from the company, announcing to the investment community that their App is active.
Go MJTK
Rec
This is a great video watch!!
Thank you for putting this together and giving shareholders a visual perspective. It kind of feels like Manhattan.
Go AMFE
Rec
Fantastic week for AMFE. The last 7-8 trading sessions show higher lows being made as the stock comes out of a month long period of consolidation, into a new uptrend with supporting healthy dollar volume.
If one had to take the pulse of the board discussion here lately, it would certainly have a reading of upbeat excitement. Rightfully so, as AMFE has issued plenty of press that is fueling positive speculation surrounding imminent and more definitive business deals being announced, while at the same time, fully executing on previously speculated positive business matters.
Been out for a week, home for a few days, then taking family vacation through first week of July.
Still holding my entire position though, with no near term plans to trade or sell any shares. This remains a long term hold for me.
Continued success to all AMFE shareholders and the company itself!
Go AMFE
Rec
Left at .083 and came back a few mins ago to a few hundred posts and an amazing close leading into tomorrow.
An extended shout out to those who helped move us out of the consolidation phase and kickstart us into a higher gear! Plowmaster, Aggie, and Pinch One, way to go!! We're all benefiting greatly.
And a huge shout out to one of the daily constants here, who has been providing for months, due diligence, insightful commentary, and education: Rocketstocks
Lastly, a major shout out to AMFE. Roger Mortimer, Ambrose Fillis, and Ben Castanie! These are our fearless leaders on the inside that have been executing on all levels to bring shareholders an incredible investment opportunity.
Here's to just crossing the start line!
Long AMFE
Rec