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I believe the shares traded today were transferred into long shareholders hands, reducing the supply available while potentially increasing the demand as the price trends toward the upside.
Additionally, the kind of dollar investment behind the larger share purchases as of late, are not coming from day traders. Day traders don't take that large of dollar amounts in OTC, due to lower liquidity. So these shares will likely be held long, which can be a great benefit for all investors.
I'm not so concerned whether dollar volume is coming from current investors or new investors, as long as dollar volume is coming in. And it seems to be kicking in.
Hats off to Plowmaster, Aggie, and Pinch for their recent substantial investment.
Go AMFE
Rec
As important as it can be to buy the ask, a strategic move that will assist in holding the gains as ask slaps come in...is to also trail your ask slaps with bid support.
If volume and buys come pouring in at the asking price, one can assume that the pressure will naturally push the asking price higher as the ask gets taken out. Buy 100K shares at the ask and provide 100K bid support. As the asking price moves up, keep buying the ask, but move the bid support higher as well.
To use an analogy, in a fight, it often takes a combo of 1-2 punches to land the knockout. (Pound the ask, but make sure there's equal bid support moving up in proportion to how quickly the ask is getting taken out). The first punch landed may not be the knock out punch, it's what follows behind that ends up being the knockout punch.
If you use all your knockout power all at once, and you don't get the knockout, there's no support left to continue fighting. Meaning, don't use all your buying power towards the ask...keep some in reserve in case the knockout doesn't come. That way you keep em on the ropes without allowing them to fight back because they know there's more power in reserves.
For what's it's worth, this would be my strategy.
Good luck to you and pinch one.
Go AMFE
Rec
Please refrain from politics, it's a slippery slope and technically off topic per Ihub's TOS when it comes to a stock specific board like AMFE.
Just trying to keep the board clean...thanks in advance.
Go AMFE
Rec
Spinning off any part of AMFE's divisions would require a shell of an existing company or going through the regulatory process of an IPO. Both would require heavy investment.
Currently the market has placed a value on AMFE which consists of ALL 3 divisions. I believe the market would value AMFE lower if any division were spun off, thus making it more difficult for the share price to hit minimum price levels required to be listed on the OTCQX tier level that Roger is aiming for.
I don't know why the company would heavily invest in what's required for a spin off, based on the most recently stated goals. Spend heavily in order to decrease the overall value of AMFE as a whole?
Respectfully, I just don't see a spinoff making sense right now.
I'm guilty of participating, but all the wild speculation based on how we interpret the "massive" tweet means nothing until the company speaks.
Standing by...
Go AMFE
Rec
Consider this...a combo of a small dividend AND a share buyback to possibly fuel a "massive" move.
If there's a sizable short position, and a dividend is announced with ex divy date, the shorts wouldn't want to pay those dividends out of their pockets, and would thus cover as soon as possible.
Combine that with the company buying back shares and there is extra competition to grab shares on the open market between shareholders, shorts, AND the company.
In theory, this could create a squeeze of some sort, which in essence rewards any current shareholders by way of share price appreciation.
Of course the ratio of a dividend payout and number of a share buy back would need to make financial sense. And only the company knows the current status of any surplus in funds right now and if this is even feasible.
This scenario could work brilliantly...but I'm more for the company using any surplus in funds towards further expansion and seeing slow and steady growth.
Sometimes speculating is fun and I just wanted to add a thought.
Go AMFE
Rec
I appreciate that FastMny! Rarely do I share my positions, but recently in the spirit of transparency that AMFE has shown to investors, I posted a screenshot of my position on the Amfilites overtime board showing 1.25M shares.
I added 100K a few days ago at .0721, and then another 145K today. Sometime recently I got a 5K partial fill too.
As of today, I hold 1.5M shares. I'm far from the largest shareholder, but any "cred" that I have is from posting responsibly and honestly over the years.
And from my previous post on the Amfilites overtime board:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=131644469
Go AMFE
Rec
Added 150K more today and have support in.
Go AMFE
Rec
Massive tweet tonight from AMFE!!
Perhaps Roger is hanging out at Snakes and Lattes a little too much. Playing mind games like this with all of us investors, lol.
Might we finally land on that "free parking" spot this time around the board and collect the jackpot?
This tweet definitely has a different tone of confidence. Standing by...
Go AMFE
Rec
The 50 DMA is .068, but based on how it's moving up each day, with a brief dip tomorrow, we'll officially hit the 50 DMA which could signal to technical traders that it's time to buy and put an official ending to the consolidation period we've been in for several weeks.
The fundamentals more than justify a higher price point, based on the most current share structure we know.
And the last several company updates more than justify any speculative buyers on future earning potential and growth prospects.
As many have said, the spring is coiled tightly. And someone mentioned the side crank for a jack in the box has been winding for long enough...
As Barney Stinson would say "wait for it..."
Go AMFE
Rec
I applaud the efforts of anyone who wants a position in AMFE. If they're willing to place a large bid, and that bid gets sold into...I'd assume there are smart parties on both sides.
The bidder is smart to try picking up shares "on sale" rather pay full price. Nothing wrong with this. It's human nature to want the most bang for ones buck!
The seller finally saw an opportunity to remove some of, or all of their position without completely crashing the stock, because previously the bid support was not there.
Moving forward, the seller who sold into the bid earlier is now happy, the buyer got what they wanted, and likely there will be less resistance at higher levels now that about 1.5 million shares are out at .075 vs. trying at higher levels.
Congrats Plowmaster on your pick up! I only see this as a positive!
Go AMFE
Rec
That's a substantial move and investment decision! If you're going to make that kind of investment, AMFE would be one of the better places to do so that has tremendous upside potential paired with sustained long term growth.
Go AMFE
Rec
Good morning Flex, nice hearing from you and welcome back!
AMFE still a long hold, but always trading on the side. Looking forward to whatever's next.
Best,
Rec
Solid news tonight, happily bought more earlier today.
100K more shares transferred into these strong hands.
I'm ever more impressed with the long term growth prospects from the Snakes and Lattes division and the strategic steps they're taking on their way to becoming a multi faceted conglomerate.
The recent press may not be having an immediate impact on the share price, but as I had recently mentioned in an AMFE PIE analysis (Performance, Image, Exposure), performance only accounts for 10% of how one can rate the company.
And despite the recent share price performance, image and exposure are becoming all the more impressive with each AMFE company update.
Share price WILL take care of itself sooner than later. And it's my belief that our recent lack of share price performance has more to do with how a healthy stock generally trades from a technical viewpoint.
Go AMFE
Rec
McPenny, if you're asking how GameStop came into board convo, they were mentioned in the last press release (6-7-17) as one of the retailers that reached out to AMFE regarding game titles they hold exclusive distribution rights to.
If you were looking for the possible impact on AMFE receiving a PO from GameStop, refer to Rocketstocks reply.
Go AMFE
Rec
3 great AMFE tweets today, screenshots below for those who don't use Twitter.
I'd like to think the "NEW" revenue stream has to do with their GROzone division. But I'm more inclined to believe it has to do with the Snakes division because within the tweet, Snakes is prefaced before stating there's a new revenue stream. However, technically speaking, the punctuation mark ends one sentence, so one could also see the statement about a new revenue stream, as a totally separate thought...
Again, more inclined to believe the new revenue stream has to do with Snakes. Either the grand opening of location 3, follow up on the specific game title for which Snakes landed exclusive distribution (Bears vs. Babies?), a PO from Game Stop, or perhaps another PO from a big box retailer for a different game title.
Regardless how one speculates what exactly the tweets imply, the true intent from the tweets comes across quite clear: The plan is coming together very nicely and it's just the beginning!
Go AMFE
Rec
Please read below to understand why Interloc-Kings is part of AMFE's 3 divisions.
Interloc-Kings is Roger Mortimer's baby. He owned 100% of this company.
In 2013 via a reverse acquisition, Interloc-Kings was acquired by AMFE for 350 million shares of common stock which represented 55% of the O/S, making Roger (100% owner of I-Kings) majority shareholder. Thus making I-Kings the wholly owned operating subsidiary.
In March of 2017, AMFE retired those 350 million common shares from the A/S and converted them into preferred shares for Roger, which was a fantastic move and helped bring value to the common shareholder via the newly structured A/S.
All of this is in AMFE's filings on otcmarkets.com.
If you go to May 7, 2017 quarterly filings, you can discover all of this first hand on page 14 and 16 of this report.
Hope this helps you understand where I-Kings fits into all of this.
Go AMFE
Rec
I now see these two dispensaries/collectives in the last press release.
Public apologies for deleting them as spam. It was me deleting them.
Go MJTK
Rec
Low volume, yet the price is holding relatively well.
This is exactly what one should see during a period of consolidation. It shows that most are not willing to sell.
I'm estimating around 17 million shares have been traded over the last 15 trading days (3 weeks).
That represents a days or two worth of volume during the slow and steady move from much lower ranges.
There will always be investors who don't have the patience, aren't seeing the complete picture, actively trade no matter what, trade for a free position, or just need funds for whatever living expenses present themselves. Let this all play out at these higher levels between .07 - .08, just as it has in the past.
Circling back, it is very healthy to see consolidation, even if it takes a while, as long as it occurs on low volume and at a steady range at higher price levels.
Lastly, just look at the accumulation that's taken place. It's been on a steady uphill climb for months. This means investors are buying and holding.
If all of the above combined with the rest of the chart technicals previously spelled out by many here, isn't very telling of a pending breakout to the higher side, I don't know what else to say other than to continue ones education and knowledge of how these market characteristics apply to healthy trading.
Respectfully,
Rec
Go AMFE
There are likely many more shareholders than 467.
That number is just shareholders of record which is different than beneficial shareholders.
Example: brokerage firms are shareholders of record, but those firms have many individual shareholders they represent. Those individual shareholders are the beneficial shareholders.
So likely, many more than 467 shareholders...
Go AMFE
Rec
Many pure MJ plays have overinflated market caps, with no incoming revenues.
Anything MJ has been the darling of the OTC for several years running now. Market participants have turned a blind eye to fundamentals of these companies, as generally they do with most OTC trades. However much like the dot com era, some of these MJ stocks will make it big and that's why I believe some of these MJ companies are still able to hold their overinflated market caps. Eventually the creme de la creme will see their fundamentals catch up with their current market caps.
If AMFE starts seeing ANY revenues from the GROzone division, regardless of how it breaks down with respect to the various "outside" parties' percentage take, I believe it's possible AMFE can not only achieve a high market cap in the hundreds of millions, but can also support it with fundamentals, purely because the company WILL have revenues unlike many other MJ stocks that have ridiculous valuations. Additionally, Snakes will be providing huge streams of revenue.
There may be some validity to what some have stated here, that our next needed catalyst that will move the share price, has to be from the GROzone division.
But I'm still seeing in the charts that what's keeping us in this channel is more technical than anything to do with not having solidified deals via GROzone.
If the timing of both technical and an announced deal via GROzone come together simultaneously, we can have a trifecta response in share price appreciation from chart set up, GROzone deal, and Snakes recent press.
Kind of addressed your question and went off in another direction. Point being, I wouldn't worry about the division of revenues percentage wise.
If we're getting revenues from anything MJ, we can see similar crazy market caps like any other MJ play. Better yet, AMFE isn't a pure MJ play like those others. AMFE also has their other divisions bringing in strong revenues.
Go AMFE
Rec
I hate to be that guy, hopefully others understand why.
Slow days during consolidation are ok. The market as a whole slows down during the summer.
All the more reason to keep the main board focused. It'll make it easier for those who use the slow time to scan and discover great opportunities, if they find the main board, not clogged, but rather with great on point information.
Be well, thanks for the reply i_trade.
Rec
Go AMFE
Bring the fun here, quality over quantity on the main AMFE board please.
For the most part, the main board has been very good with lots of valuable content and healthy discussions. Let's keep it that way!
A simple reminder, off topic, despite being fun, often distracts and deters future serious investors who may drop in to see what's going on. We all have that immature fun side, but there's a time and place for that. That's here on this board.
Being on Ihub's Buzz cloud, most posted, breakout boards etc. do nothing if the quality of a board is filled with play on acronyms and other "fun" talk. It clogs the board with unnecessary off topic chat and risks giving the perception of immaturity.
Respectfully,
Rec
Go AMFE!
Welcome to AMFE TJG. What you discover in your due diligence should provide you with confidence that what you've chosen to buy into will be a solid long term investment.
There is a lot of publicly available information to digest. Should you have any questions, many investors here are very well informed and can answer any questions you may have. Sometimes it's just easier to ask, then you can verify once answered.
Nice to see ya here, and I know we've been in a few together because I always loved coming across your profile picture with the cool set of wheels!
Keep your patience all.
Go AMFE
Rec
Some observations...interpret how you may, just sharing some thoughts.
My orders have always been routed through NITE.
Earlier I had a standard limit order in on bid for 250K shares at .076 and it got tapped for 5K shares.
Soon after, a large order for 229K shares went through at .07, completely bypassing my order and a few others at higher bids than .07.
I changed my order and saw my 245K bid, but soon after it was hidden by a higher bid.
Manipulative games are being played. Unfortunately, I alone, don't have enough money, or time, to always play back in order to counterbalance these games.
Why am I not slapping the ask? Because of the manipulative behavior I've described above. I'll wait for this to pass and play out. and I believe strongly that it will.
Why will it pass and play out?
Because the fundamentals behind the brick and mortar Snakes and Lattes locations and the distribution fulfillment center are in place, and AMFE is seeing realized profits alongside their tremendous growth. AMFE has a sustainable business in place and a very safe and reasonable expansion plan.
Often times the investment mentality of investors at this OTC tier level is short minded. The attention span and patience level is short. In other words, if a stock isn't moving higher near term, on to the next.
For those who have done the research, patience will be rewarded. Once we uplist to a higher exchange, the mentality of those who invest in OTCBB/OTCQX changes from short to long. And there's good reason. The companies that uplist provide transparency via audited financials and timely filings, which in turn attract larger investment that is willing to hold in order to reap the benefits of a company like AMFE that has a sustainable growing profitable business.
For now, let the games continue. I am almost certain, once the uplisting occurs, there will be some major investment pouring in that will help bring AMFE to the appropriate price levels, which is much higher than where we stand right now.
Lastly, for what it's worth...I have not sold any shares (except for an early flip a while back when I first started building a position in the .03's), and I do not plan on selling any shares for some time. I know what I own, am not willing to play games and risk possibly losing shares trying to buy back, and most importantly, have the patience of grass and wet paint under the watchful eye.
Go AMFE
Rec
I'm happy you've found a better balance with work and play.
I used to think if I became laser focused on building wealth, later I could sit back and relax. But I was missing life along the way that would allow me to relax at a later time.
The day to day dance of the market ticks of the trades will always be there, but I can't tell you the details of what happened a week, a month, or a year ago on specific stocks. But I can remember vividly the time and details of great experiences had with specific family and friends.
Regarding MJTK and SIPC...both are cycling through some difficult times, and as you stated, summer slows down. I have taken less of a long game approach on both of these stocks and will trade the trend accordingly. As each company continues their story, I will adjust accordingly using a lot of what you mention in your IPA theory and using it it with dated sector catalysts.
Be well and enjoy the summer months!
Respectfully,
Rec
There's no reason AMFE can't break and hold .08's today.
AMFE's press has spelled out for investors the incredible growth prospects currently playing out in the Snakes and Lattes division, as well as offered insight as to how they will break into the market with the GROzone division.
See the long game, accumulate responsibly, and sit back and relax. AMFE is going to be an amazing journey!
Go AMFE
Rec
News: Multi-Million dollar distribution arm June 7, 2017
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc--Provides-Update-On-The-Multi-Million-Dollar-Distribution-Arm-Of-Our-Snakes---Lattes-Inc--Subsidiary?id=161262&b=y
Amfil Technologies Inc. Provides Update On The Multi-Million Dollar Distribution Arm Of Our Snakes & Lattes Inc. Subsidiary
Jun 06, 2017 After hours release
OTC Disclosure & News Service
Toronto, ONT, Canada -
Amfil Technologies Inc. (OTC Pink: AMFE) is pleased to inform the shareholders that further to the recently announced purchase order from Indigo, Snakes & Lattes Inc. is now systematically speaking with all the purchasing agents for the 89 superstores and 123 small format stores to arrange product sales for additional Indigo locations. Once completed, this would exceed the additional $1.25M purchase order that we announced last month.
Additionally, Snakes & Lattes has been contacted by an additional number of North American retailers including EB Games/GameStop and HMV to discuss their immediate and ongoing requirements for the game titles that we exclusively distribute. We anticipate a number of large purchase orders to be received and fulfilled in the near future, and on an ongoing basis from these newly formed relationships.
Snakes & Lattes has been awarded exclusive Canadian distribution rights to yet another massive game title that is currently one of the most sought-after games in the industry, expected to come to market this month after a wildly successful Kickstarter campaign late last year. Full details of this game title will be announced upon their approval and the games official launch in Canada.
These recent developments have provided even further confirmation of the major contribution that the distribution business will add to the companys bottom line. The results have already exceeded managements original expectations and are expected to continue to grow exponentially as we solidify additional partnerships with retailers and exclusive distributorships moving forward.
----------------------------
Our JV partner in the EcoPrO3 project, AOI (Advanced Ozone Integration), has recently leased and completed required upgrades/renovations on an office and manufacturing facility near Toronto, Ontario. This will provide the projects President, Ambrose Fillis, with further oversight of the manufacturing process which was previously occurring in Michigan. Ambrose is in the process of obtaining the inventory to complete the transition of the manufacturing process to this new space to coincide with the developing sales and distribution of the product line. The new facility will also include a display of the Roto-Gro/EcoPrO3 systems.
The company has been approached by established parties in the industry who have expressed interest in obtaining distribution rights for the EcoPrO3 product line in specific regions within certain states including California. This initiative would allow for the immediate penetration of the EcoPrO3 technology within the areas most densely saturated with marijuana grow facilities, by established distributors deeply imbedded within the local industries. If we proceed to grant distribution rights to a region within a state, it would be on a performance basis contingent on achieving minimum sales milestones for the given region.
We are also discussing the feasibility of and considering creating and installing a Roto-Gro / EcoPr03 showroom type facility in California to display and demo the product lines and technology to the California and western US market. We have had a lot of interest to date for the EcoPr03 product lines in California and feel it could potentially be a great state to begin the penetration of the US market and have a show-room type facility to display the product for cultivators and industry experts to come view the technology in a more hands on atmosphere thats local to that market.
We will have further updates regarding the various subsidiaries in the very near future.
For more information regarding the company please visit www.amfiltech.com and follow us on twitter for further updates from the company @AmfilTech
About Us
Amfil Technologies, Inc. is the parent company to three wholly owned subsidiaries.
1). Snakes & Lagers Inc. holds the trade name and is the owner of Snakes & Lattes Inc. which currently operates a 6,000 sq. ft. and a 7,500 sq. ft. tabletop gaming bar and cafe located in Toronto, Ontario that brought in over $7M CAD in revenue last year. It is in the process of opening a third location at 10,000 sq. ft., the largest to date. Snakes & Lagers Inc. is also the procurement officer of all existing and future Snakes & Lattes Inc. franchises and has the exclusive rights to sell franchise locations globally. Snakes & Lattes Inc. was the first board game bar and cafe in North America, is believed to be the largest in the world and have the largest circulating public library of board games in North America for customers to choose from. Snakes & Lattes Inc. currently has a 90 member staff and recently acquired the exclusive distribution rights throughout Canada for some of the most popular board games in the world such as Cards Against Humanity and Exploding Kittens. BlogTO.com recently named Snakes & Lattes Inc. the best late night cafe in Toronto and has also been named the best fulfillment house in Canada by Jamey Stegmaier, the most influential blogger within the board game fulfillment sphere. For more information on Snakes & Lattes Inc. feel free to visit the website at www.snakesandlattes.com
2). The EcoPr03 GROzone Antimicrobial System was jointly developed between Amfil Tech and A.C.T.S. Inc. which recently rebranded its technology under Advanced Ozone Integration as an extension of the existing ozone technology being utilized in the food and beverage industry and integrated by A.C.T.S. into companies such as Pepsi, Nestle, Sysco, Sun Pacific and many others. The system is a triple-function sanitization unit capable of naturally eliminating 99.9% of water and airborne pathogens and the typically problematic pests that wreak havoc for cultivators (like aphids, whiteflies and spider mites), as well as bacteria, fungus, microbes and mold on surfaces, all without chemicals. The unit can also constantly regulate a given facility's water supply, oxygenating the water and maintaining a consistent PPM infusion of ozone that prevents the formation of algae, bacteria or mold (allowing for comprehensive water recycling), simultaneously removing the need to use pesticides and/or dangerous, often carcinogenic products to treat production problems, as is common throughout the industry today. This environmentally-friendly solution also eliminates odors, while slightly reducing the air temperature, lowering energy consumption by the HEPA filtration and HVAC systems and could potentially allow for a facilities process to be labeled certified organic in the U.S.A. when the crop is no longer considered illegal on the federal level, otherwise "Clean Green" or "Certified Kind" in the meantime. The EcoPr03 GROzone Antimicrobial System recently passed product review by a registered USDA certifying agent for use in California as well as Pennsylvania and surrounding states. More information on this product line can be found on the www.grozone.biz website.
3). Interloc-Kings Inc. is a hardscape construction company servicing the Greater Toronto Area. This subsidiary is an authorized Unilock installer, Unilock being, North America's premier manufacturer of concrete interlocking paving stones and segmental wall products. Interloc-Kings Inc. has an A+ Rating with the Better Business Bureau (BBB) and a 10/10 rating on homestars.com. Specializing in stone and wood installations between $5,000 and $150,000 per project, Interloc-Kings Inc. has quickly become a top, high quality installation company of outdoor living areas in the GTA. More information on this subsidiary can be found at the website www.interloc-kings.com
Safe Harbor Statement This news release contains statements that involve expectations, plans or intentions (such as those relating to future business or financial results, new features or services, or management strategies) and other factors discussed from time to time in the Company's OTC Market or Securities and Exchange Commission filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as "may," "should," "expect," "anticipate," "believe," "estimate," "confident", "intend," "plan" and other similar expressions. Our actual results, such as the Company's ability to finance, complete and consolidate acquisition of IP, assets and operating companies, could differ materially from those anticipated in these forward-looking statements as a result of certain factors not within the control of the company such as a result of various factors, including future economic, competitive, regulatory, and market conditions. The company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
CONTACT:
Roger Mortimer
Amfil Technologies Inc.
Telephone: (647) 880-5887
Email: ir@amfiltech.com
A sustainable business always has a product or service that creates recurring revenue: Snakes and Lattes brick and mortar, and game distribution with existing titles and an ever increasing number of new titles hitting the market.
As lucrative as the deals can be on GROzone private and commercial units, typically this would be a one and done transaction.
I stated in another post, I don't care which division brings home the bacon, as long as bacon keeps on coming. And I have quite the appetite and acquired taste for bacon :)
Go AMFE
Rec
This is true, just echoed your sentiments... Felo31.
It's a good problem to have :)
Go AMFE
Rec