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I am not impressed either. There was nothing in this PR we have not already been told.
I want to know the reason for the delayed audit. Roger stated over 8 weeks ago that the CFO Squad would complete this audit in a few days. I want to know why that didn’t happen, and what is being done now.
Why can’t he answer a simple question? Without a real explanation we will be lucky if we don’t drop into the 5’s tomorrow.
I am not selling, I am in too deep at this point. But this stock is dead in the water until he can produce an audit.
OK, got it. We are waiting 8 weeks for those reports and footnotes that CFO Squad said they could complete in just a couple days.
It is time for some real answers for the most recent delays.
As I understand, we only have to produce an audit that goes back 3 years in order to uplist. So if the audit includes this year, we would only need to add 2016 and 2017. It might be easier to audit these years than 2015 when we didn't own Snakes, and it is also harder to provide documentation going back to 2015, meaning just locating paper records from that long ago can be difficult.
I know you mean well Raybock, but he has noticed ..just not much he can do at this time
Sorry Macod, I can't privately reply.
I am not naive. I know he can’t magically produce an audit or drive the stock price back up. But I do believe he is partially responsible for this audit dragging on forever. If he were on the phone everyday for the past ten months we would have been finished by now.
I don’t think he is trying to pull a scam. But I do think there may be something in the audit he does not like and is fighting with the auditors to make it appear in the best possible light, and they are arguing about how to do that. It is also possible the 2015 books are just plain screwed up beyond repair and he is trying to run out the clock and just retire that year, wait until the end of this month, and then produce an audit with 2016, 2017 and 2018, since fiscal 2018 ends at the end of this month. Which would mean he could just ignore 2015 all together. Hell we didn’t even acquire Snakes until 2016 anyway.
But he needs to be honest and just explain the delay and take his lumps. This company is in much better financial shape today than when I first bought over a year ago. I don’t really care what happened two years ago. We are a new company now, expanding and growing internationally. So wrap it up and move on.
Roger has run out of time, soon the stock price will be totally shot and he won’t be able to dig himself out with an audit.
I used rmortimer@amfiltech.com
I suppose you could also copy it to the ir address as well
the more pressure he feels the more likely he is to provide a public explanation.
I hope he reads my email
I sent it to his company email rmortimer@amfiltech.com
Not the investor relations email. I don't care if he answers me, I just hope he notices how pissed off the longs around here are becoming. I encourage everyone else to send him a quick email and maybe he will take notice. If he posted a reply from CFO Squad or the auditors that could help. I think having an independent company comment rather than just Roger would carry some weight.
So lets put some pressure on him and make him realize just how important this audit is. We need results now.
Just sent my email to Roger.
Yes I do believe this company will grow, and I even bought a few more shares today. But Roger must regain some of his credibility or we will be at 2 cents before Tempe opens. I think everyone should email him and remind him to protect our investment.
This is the email I sent him
Mr. Mortimer.
I have been an Amfil stockholder since February of 2017, with over one million shares, and adding shares every month. I have been silent the entire time, patiently waiting for this never-ending audit process to end. But, today I must ask, What the hell is going on? The stock price continues to fall, my account balance is the lowest it has been in one year, even though I own more shares now than I did last year. Where is the Audit?
The last update on the audit progress was released almost 8 weeks ago. We were told that the CFO Squad would have this problem resolved in just a matter of days, not months. Since that has not happened, and you have not released any updates, shareholders are left to assume that there is some sort of big problem, or believe the rumors of fraud and deception.
This process is past the point of just egg on your face, and now just looks like complete incompetence. Shareholders are due an explanation. Without it, the stock price will continue to fall, and even more shares will be dumped until you run the stock price down to sub penny again. Surely, you must realize that in penny stocks, perception can be more important than the actual company value. And, the perception is that Amfil is hiding something in their books. Just today, over 2,000,000 shares have been dumped pushing the stock price down even further.
I realize that stock message boards and Facebook are not the best place to research a company or its stock, but when dealing with penny stocks this is how shareholders communicate, and how a company gets noticed and move its stock price upward. You have alienated an entire group of loyal stockholders with your silence. Today the best things said about Amfil is that shareholders have been abandoned by AMFE, and most are much worse. If the silence continues, there will soon be a mass exodus of long term stockholders and the price will fall even more.
I do believe in this company, but need to remind you that your job is not just to grow the company, but to protect shareholder value. In closing, I am asking you to please provide an update that explains yet another delay in this audit process. And a letter or email from the CFO Squad or the auditors would go a long way in restoring your credibility.
Volume at almost a million shares today
And people still continue to trip over each other to sell first. When will we run out of the panic sellers? Children should not be allowed to invest their lunch money. They sell after a couple days when they have not doubled their money, and just create problems for real investors.
But the longs continue to pick up these shares. If Roger can ever light a fire under these auditors and get them to finish their job, shares will be very hard to come by.
I got my million shares.
Just hit 1,000,276 share count with this mornings pick up at .101. I am already up today, now that we are in the 11's. Thanks to whomever sold me shares so cheap Friday and this morning. I am up over a penny a share on your loss.
I have been here since February of 2017, and have buys from .014 to .21 with an average of .04. And now I am so ready for the Audit to be completed. This company is in much better shape than when I bought my first share.
I did notice on the OTC site that all the updated share count dates are as of 04/23/18. That tells me they had the quarterly numbers ready last month and were just sitting on them in hopes of releasing the Audit first. So I think we are very, very, very close to the Audit being released.
Keep the AMFE faith and we shall be rewarded soon.
According to the property tax records online, this building is 7,500 sq ft
Look, Roger is the guy that said they had some minor adjustments, and they would be resolved last Wednesday night, but he would say Thursday just to give his accountant time to finish, just to be safe. Not my words, those were Rogers. At some point in time he has to explain why he continues to slow walk this audit while leading shareholders to believe it will be days not weeks, when in truth it has been months not days. "Days not weeks" are Rogers words, not mine.
I just got off the phone with my CPA
I am the in house accountant for a small business in Denver, my outside CPA was just finishing up our taxes. She sent me a list of 3 questions before she could finalize our taxes. 2 of the items were correct, I just had to explain why they looked unusual. The last item was a duplicate entry of a $45 payroll expense. We corrected the duplicate entry and had the entire situation resolved in less than 45 minutes including research time.
Now that is how you deal with adjustments from your auditor. I do not understand why Roger's people are taking so long to make a few adjustments. Last week he told us he would have the adjustment back to the auditors by Thursday, then we are told he turned them in Monday. Sounds like Roger needs to get a new in house accountant if it takes 5 days to make a few journal entries.
Price
$0.152
Day's Change
0.0006 (0.40%)
Bid
0.15
Ask
0.152
B/A Size
1000000x3350000
this is what my new TD Ameritrade shows
and my Schwab shows 33,500 blocks of 100
Sure looks like 3.5 mill to me
3,500,000 shares on the ask?? I am reading that right? I am still getting used to the TD screens since they moved my Scottrade account over.
Looks like a long has given up on ever seeing the Audit finished.
Roger should send someone to sit in their lobby everyday waiting for the Audit until it is finished. We have gone well past a reasonable time frame. Time to step up an really push for results.
Happy Anniversary. Tomorrow is my one year as well. I made my first AMFE purchase of 312,000 shares in the low 2's. And have slowly added ever since. Praying for uplist this week.
Who is selling in the .15's
Why would anybody be selling so cheap this morning? At last it looks like we are very close to uplist. Why sell at .153???
Time to turn up the heat on the auditors
I'm mostly quiet here and just read the posts when I have time. I have been patiently sitting here through October, November and now half of December but have finally tired of hearing any time now.
Don't get me wrong, I still have faith and have been here for 10 months and will not be selling for a long time. But I have watched my account balance continually fall for months because we have not received any explanation as to why this audit has taken so long. Roger should know by now that all of his tweets and PR's are not having any effect on the share price. We need a candid answer about the continued delays. Pink investors are highly suspicious, and after the very long delay in opening Midtown and now the never ending audit many are bailing out. I think it is really sad that we have lost so much stock value due to lack of an explanation. I know Roger has never promised a specific date, but he lost credibility after saying "almost there" for several months.
It's time to explain the delay and tell the auditors to pick up the pace and finish before the holidays. I don't look forward to going into 2018 below .10
I hope these idiots get burned. For all we know the audit has been finished and is being submitted for uplist as we watch the pps drop.
Roger, send a us tweet tonight
Doesn't have to be big news. Maybe a preview of the Qtr 1 numbers, tell us the inventory is complete and final audit almost complete. Or an estimated date of when you will receive the completed audit. Just set us up for a bigger climb on Monday. If updates are timed just right we could be above .30 by the end of next week.
Picked up a few more at .161, that at least filled at my bid price. They can't continue to fight this as the volume goes up. Yesterday was a good start at about 1.5 million in volume and today we look like it will easily pass 2 mill. So volume will overcome these walls of cheap shares.
I filled below the ask as well
I placed a small order at .162 to chip away at the wall on the ask and it filled at .16128 Someone is working hard to keep this stock down the last several days with big blocks on the ask. I have been waiting since back in February for the big move, can wait a while longer. Expect that we will start to move this week and into next as the updates keep dropping. I will not part with any of my 900,000 shares
Just used my O2 Mastercard to order a book at B&N. What have you done today? I haven't posted in a long time, I have been just quietly picking up a few at a time at the lows. This is grandbabies college fund. In for the long haul, adding a hundred bucks at a time. And I do use my O2 card a couple times a month for internet purachases, (NEVER USE YOU CHECKING ACCT DEBIT CARD ONLINE)and O2 gets some change. How many of you daily posters actually have an O2 card and use it? Using your O2 card every day will produce more results than stupid post 10 times a day.
Just got my O2 Mastercard in the mail today. If everyone here would order a card the share price might get a boost. Ordering a card is probably more productive than posting comments all day.
I agree, now I'm back to couch diving for cash.
My most recent couch money was spent on school clothes and replacing my used car that decided to drop the transmission, by the way I got a Great convertable for less than $2000.
But at these prices I am going to dig deep and grab some sale prices on the usual Friday dip, it will take a day for funds to post so Friday is a perfect time to buy.
It may take time, and I am as disapionted as everyone else, but every day that goes buy makes my older buys hit the one year mark and reduces my capital gains. I am in for the long haul, and IMO this is the best time to buy based on the PR released today.
I would guess that in the next 30 to 60 days those of us that held will be back up to a decent price and maybe even up to the place we have been hoping for.
My plan is to keep couch diving and add a few hundred at a time for the next month.
Please post the simple solution for our loyal listeners
There were posters acting like it was 1929 today. And even if it was ATT might fold but OTOW had a just as good of survival chance. My point was children panic, I believe that some of the "my broker won't trade this stock after today" caused children to sell.
Sorry guy, not addressed at you just trying to explain all the panic today. I agree that this is not that big of deal and may even help those worried about the "huge amount of shorts". If all these so called longs had held today it could have looked even better at day end. My children reference was directed toward all the panic sellers.
This is what happens when children invest in the market.
If you are holding there is no problem. If you want to dump, you could be tied up a few business days until the dust clears or you move your account. I have Scottrade and don't have a problem yet, but I don't plan to sell and all my purchases have been cash not margin or short so I don't see a problem with my account. Almost everyone on this board says they are holding long, so what is the big deal. I do think a PR is needed by market open on Tuesday to explain this, and if there are any shorts left to cover and idiots don't continue to dump the price will go up.
Looks like end of the day panic selling that allows everyone to cover what little bit of shorts are out there.
The dust will clear by Tuesday open. And OTOW should release something to calm the fear.
Holding Long
First of all I would like to say I am still holding long, but it may be longer than I thought, I may never sell all of my shares. I am still couch diving, (a fad I have read that is becoming more popular on this site) and adding just a hundred bucks or so at a time.
I am expecting hiring in Florida soon, but I would be surprised to see that PR on Sept. 1. It may come later in the month; however I would be happy to be proved wrong. I actually think it was kind of cruel to have a job fair in July for a possible job offer in September. Could anyone in that target pay range afford to wait 6 or more weeks for a job?
I may have missed the investor’s memo, but who said you should triple your money in 30 days? Have you looked at the big board lately, OTOW looks better than my 401K?
My first buy was at .0023 a little over a year ago, so I am up 3 times on that. I have also added at .013 when it was climbing and .006 when it fell. I have actually averaged up since I got in so long ago. But I am holding strong because I believe this is a growing company, and it takes time to grow. Did anyone see that last PR coming? What new surprises are coming? Hold em or Fold em, I could dump now with a decent profit percentage, (my bank now pays about .015% on long term CD’s). I will hold and expect to be very happy by year end. Also remember that the tax rate on a one year hold is much better than a short term gain.
will the market even be open on Monday??
Do the math.
1 mil shares bought at .008 and sold at .009 would be $1000 profit. That would only be possible if only one player was trading all day with another guy. With no split. Is that really happening here? This is a shake the tree, hang on.
By the way my name is Ashton and I hoping the FTC doesn't find me
LMAF
I agree that somebody is playing with the price, but it is just chump change, until volume goes up we are just small change. Nobody can make more than a couple hundred playing OTOW during the day and it could cost them. This is on a slow climb until news.
But how many pennys would it take to turn a profit when the the best volume is 5 mil and avg of 1 mil for the past week.
Pleeeeeese.
Nobody holds enough shares to do that. Add EMZ and Greg and the rest of the long guys we hold over half of the stock. It would be very easy for any scame to be uncovered here.
I have been reading this post faithfully for the past 6 months. I have never seen so many new posters. Feel the wind, something is blowing in. Hang on tight for the gust force before the next storm.
Tuesday is only a few hours away. Will we see news?
I am signed up with pennystock.com and I have never got a pump email from them about OTOW. Hold long because something is about to happen after all this new found interest and todays volume. It is not just an accident that we have all the new players on this board. Could be very good news coming otherwise I am holding. Everyday my old buys hit the 1 year mark, and that reduces my capital gains tax. This will gain soon but I am holding even longer.