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Geez, all this reverse split talk...
These may be bad examples, but hopefully the point will come across.
There are stocks that trade on the OTC that have plenty of liquidity: FNMA
There are stocks that trade on the NASDAQ with very little liquidity and market caps lower than a lot of OTC companies: PIH
What brings liquidity is not necessarily what exchange a stock is traded on, but the popularity of the brand from whatever media exposure/attention/coverage a company has with their product, service, or retail business.
And it doesn't matter if a company has profits or not, there can still be tons of liquidity as long as the brand is well known, examples being AMZN, MBLY, and TSLA in their early days.
I believe Roger is all about building the brand and gaining widespread exposure and popularity to the Snakes and Lattes brand, as well as the GROzone division.
Long story short, (too late)...the point is, as long as Roger continues along the path he's currently on, the brand will become more and more popular, and the liquidity will come regardless of the exchange we're traded on. And that's what's needed most: liquidity, to move the stock.
One can argue that an uplisting to any higher exchange than we're currently on, will open up investment to a wider, and MUCH richer group of the investment community, but that doesn't automatically bring volume and liquidity.
Don't get me wrong, I'm all for any uplisting, but that will take care of itself in due time. And in my opinion, the focus should not be on doing any kind of reverse split anywhere in the near future just to uplist, but on building the brand and bringing it to a wider audience.
As Wes (GTINSPECTOR) would say...just offering "My Two Cents" :)
Go AMFE
Rec
Roger also expanded on why franchising too quickly is a mistake.
They need to get the "playbook" written first with a proven business plan that works in multiple markets.
I like the slow and steady growth prior to franchising. It also protects the brand of Snakes and Lattes. The last thing you want to do is start franchising prematurely and have the wrong people running and representing the brand, and possibly failing, as any failure in the early stages of a franchise could discourage others from wanting to buy in on the franchise model.
5 locations (number Roger wanted before) up and running successfully is a solid foundation from which to start franchising.
Go AMFE
Rec
Another fantastic day on increasing bullish volume.
Go BLDV
Rec
Nice job working through those .0043's! HOD close would be great, plenty of room to move much higher based on chart technicals, and what appears to be news updates based on Alper's Israel visit.
Go BLDV
Rec
Mini cup and and handle formation showing. The next move will be a breakout to the higher side, just need those technical traders you mentioned, or a surprise definitive catalyst from the company.
Go AMFE
Rec
Rapidly increasing volume = sellers losing their shares.
Go BLDV
Rec
Nice hit OC!
Close to 12 million shares slapped at .004!
.004's going just like that!
Go BLDV
Rec
Middle bollinger should act as a strong area of support now, MACD bullish cross forming, RSI just under 60 right now, PSAR flipped bullish today, accumulation rising again to around 3.5 billion with a very small drop in the A/D line on the recent pullback which means larger positions are still holding strong.
Go BLDV
Rec
.004 completes the cup formation. I'm looking for a lot more than .004 though...
Bust through the .004's and on to test recent highs of .0057. I'm liking how this move is taking place from a higher consolidated base.
Based on Alper's travels, one can assume more news is on the way which can further fuel the move higher.
Go BLDV
Rec
The spread has tightened a bit, which is an early forecast to a higher move based on the patterns I observe in many OTC stocks.
Go AMFE
Rec
I'd agree with you on that, it's not like Roger to openly discuss and or tweet about business, and not come through on what he's stated...so I'm sure a deal is already in place, or at least in good faith.
Morning all.
Go AMFE
Rec
No need to be sorry, I understand your interpretation of the word "public company".
In my original post, I stated it was a stretch and that it was just speculation for fun.
However, wouldn't mind any whisperings or chatter association with Harborside or Arcview group though.
There are other funds out there made up of angel investors, that if they were made aware of AMFE and their GROzone division, may have some interest in the investment opportunity.
Go AMFE
Rec
To answer your question, no. But the tweet says public, not publicly traded… keyword, traded.
Just because it says non-OTC public company, doesn't mean that the public company is traded.
I believe Roger Mortimer used the word public company when he was referring to the 10 acre grow property AMFE is working with.
How one chooses to interpret "public company" leads to different conclusions.
Let's speculate a little for fun. I could see how Harborside would fit the ticket.
Roger stated in the broadcast that behind the scenes, the major grow industry is basically controlled by a small group of growers.
Steve Deangelo has been one of the driving forces within the pro cannabis movement for years. He's a founder of Harborisde Health Center, which is one of the largest and most well known MJ dispensaries in the Bay Area.
Steve Deangelo also heads up The Arcview Group, which is a group of investors who have pooled their monies for investment opportunities within the cannabis space.
Maybe I'm stretching, but one can easily see the connection between Harborside Health Center and The Arcview Group due to Steve Deangelo. Even though one has to have a high net worth to qualify for opportunities and become an angel investor in Arcview, technically it is a public company.
So I could see Harborside being the grow op AMFE might be in discussions with. And if Steve Deangelo is any part of these discussions, it makes sense that he would want to have exclusivity on the GROzone units, because that's the kind of businessman he is. And not only he, but his network, would be an absolutely huge partner to be working with, and that's what Roger Mortimer appears to be aiming for, and capable of doing because of the product (GROzone EcoPrO3 unit) AMFE has.
Just my thoughts.
Go AMFE
Rec
Couldn't agree more with your sentiments Ar3ohdee, especially the part about listening to someone's voice vs reading written word.
Solid recap of the broadcast highlights as well.
Go AMFE
Rec
AMFE radio broadcast highlighting the who, what, why, when, and where.
This was great exposure. Ambrose more or less was able to address the biggest issues with growing safely and communicate why the EcoPrO3 GROzone unit has a clear path to success in the MJ grow sector. Then Roger was able to chime in on how the company has gained favor amongst the inner circle of the elite in the grow sector, which he reasoned to be highly promising with the pending monster launch of their GROzone division.
The second part of the show highlighted everything Snakes and Lattes. Roger spoke with the utmost confidence (rightfully so), and had the perfect balance of not only stating the current affairs, but offering and backing up bullish reasons why Snakes will continue dominating their respective industry through their channels of exclusive distribution rights of many popular games, sustained growth into new markets like Chicago, IL and Vancouver Washington, and leveraging their (or at least Ben's) existing relationships in the industry to capture quickly growing opportunities coming directly to them.
Additionally, to hear Roger speak of expansion in a responsible way and a realistic timeframe with exact steps for their uplisting, was a breath of fresh air for those accustomed to the communicative ways of most other OTC executives.
What investors are able to take away from a written press release, vs. spoken words via a live broadcast with Q&A, simply doesn't compare. Especially listening to Roger, one is able to pick up on the tone of his voice, and choice of wording, to comprehend on a different level.
There is no question, investors who listened the whole way through, should absolutely come away with confidence in their choice of investment in AMFE!!
Shout out to GTINSPECTOR for assembling this gathering and helping to bring greater exposure to this amazing company AMFE. Much success to you on your newly formatted radio show "My Two Cents" on KSCO! Thank you Wes!
Go AMFE
Rec
inforthemoney2, the O/S is over 6 billion shares, so one would need to own over 300 million shares to be considered a 5% owner of the company.
It's hard to believe one would have stock certificates of this value just sitting in a shoe box in a basement, but you hear these kind of stories every now and again. If your calculations are correct, and converts to 160,000 shares, those stock certificates are worth upwards of $6 million.
Rec
AMFE live radio broadcast Silicon Valley 6PM PST tonight!
"Amfil urges all interested parties to tune in to KSCO.com AM 1080, Santa Cruz/Silicon Valley CA. this weekend, Sunday May 28th 2017, at 6pm PST. CEO Roger Mortimer and Ambrose Fillis, EcoPr03 JV partner will be joining Wes Holst in Co-Hosting hit radio show My Two Cents. Many thanks to Wes Holst, Robert Matias and the entire KSCO.com family for the invitation, and the opportunity to share our story."
And link to AMFE's shareholder update with the last 6 months accomplishments:
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc--Provides-A-Company-Operations-Overview-Of-The-Last-6-Months?id=160275&b=y
Go AMFE
Rec
AMFE live radio broadcast Silicon Valley 6PM PST tonight!
"Amfil urges all interested parties to tune in to KSCO.com AM 1080, Santa Cruz/Silicon Valley CA. this weekend, Sunday May 28th 2017, at 6pm PST. CEO Roger Mortimer and Ambrose Fillis, EcoPr03 JV partner will be joining Wes Holst in Co-Hosting hit radio show My Two Cents. Many thanks to Wes Holst, Robert Matias and the entire KSCO.com family for the invitation, and the opportunity to share our story."
And link to AMFE's shareholder update with the last 6 months accomplishments:
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc--Provides-A-Company-Operations-Overview-Of-The-Last-6-Months?id=160275&b=y
Go AMFE
Rec
AMFE live radio broadcast Silicon Valley 6PM PST tonight!
"Amfil urges all interested parties to tune in to KSCO.com AM 1080, Santa Cruz/Silicon Valley CA. this weekend, Sunday May 28th 2017, at 6pm PST. CEO Roger Mortimer and Ambrose Fillis, EcoPr03 JV partner will be joining Wes Holst in Co-Hosting hit radio show My Two Cents. Many thanks to Wes Holst, Robert Matias and the entire KSCO.com family for the invitation, and the opportunity to share our story."
And link to AMFE's shareholder update with the last 6 months accomplishments:
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc--Provides-A-Company-Operations-Overview-Of-The-Last-6-Months?id=160275&b=y
Go AMFE
Rec
Historically, when the traded dollar volume was so high, some entities have no choice but to support their investment on the slow ride down, even over a course of 4 years. Thus the need to go back to 2013 for comparisons and an understanding of how that stock is trading at .11 today.
If this and the last message is not comprehended, then we're communicating on completely different levels.
And I stand by my claim that discussion of a dime or even a quarter for MJTK at this time are outrageous. A dime is 3,333% away, and a quarter is over 8,000% away.
Talk about a penny, is more realistic...and that's if the company is firing on all cylinders with some of the ingredients I've already mentioned.
End of discussion for me. I think there's a large spread in our levels of comprehension, or at least a "gap" that needs to be filled before we discuss again.
Let it be known though, that I'm a supporter of MJTK, and have been since late last year. I've just changed my long game bullish outlook to a more reasonable short term bullish outlook based on how things have unfolded.
Go MJTK
Rec
Use my words in full context if you're going to quote.
In my original message you replied to,
I also stated that some OTC stocks have very high market caps resulting from powerful and potent ingredients.
The stock you mentioned was actually as high as .50 in 2013 on its last mega run with an O/S under 2 billion shares at the time, so that's a better example if you're going to use one. I know because I was in that run, so if you're going to try and school me, (and out of context at that) there's a better case.
But examining your case for MJTK and having legitimacy for a .10 - .25 discussion at this point time, let's make the comparison to the other stock you mentioned and what powerful and potent ingredients that one had, and then let me know if MJTK has any of those similar ingredients. When and if MJTK does mix in those ingredients, I'll be happy to discuss dimes and quarters. And as I said in my original post, I'd love for MJTK to be at a dime or quarter.
The "ingredient" comparison:
The other company you mentioned had its mega run in 2013 when the landscape of the MJ sector was much different. CO passed amendment 64 in late 2012 marking an historic move to legalize MJ on a recreational level.
One of the first states to do so, it was seen as much more of a surprise in the making of the MJ movement, partly because the majority of the country still wasn't completely pro cannabis.
What this did was create a rush to get into MJ investments. At the time, there were only a handful of publicly traded stocks from which to choose, so a ton of money was spread amongst a very small offering vs today's choices.
What proceeded to take place for this individual stock on a national media level was absolutely epic in proportion to the widespread more generic coverage taking place today on a much larger pool of investment options.
The stock saw coverage from Forbes AND CNN with Dr Sanjay Gupta in peek prime time. In return, absolutely monstrous dollar volume poured into the stock, both from retail and institutional investment.
The principals of that stock knew the ingredients in play and issued consistent press, fueling the excitement.
I can't wait to see what MJTK does when they have steady press, national news media coverage, even 1/3 of the dollar volume the other stock had when it ran to .50, and are only one of a few MJ investment options available. When and if that happens, or we see a triggered squeeze from a short position or locked float, dimes and a quarter can fall into the category of fair discussion.
Retort?
Respectfully,
Rec
Whether one buys in or not, it's hard to deny the unfolding story here.
Much of what moves any stock in the OTC is momentum based on the story in play. Going through all of the press releases and doing ones best to "read between the lines" and piece things together, BLDV has all the makings of a fairly tale ending for those who stick around.
What makes it move exciting is the shakers and movers here that help draw attention to BLDV which assists in bringing volume. There's a lot of intelligent / influential personas who have made their presence known here.
Additionally, the way BLDV has aligned itself with other parties by way of partnerships and associations, has put the company at the forefront of exponential growth, should just some of what many are speculating come to fruition.
If one reads the press from BLDV, the companies they have formed relationships with, are more than just name drops and "guilty by association" partnerships, relationships, and agreements. There are solidified statements linking the various names together.
This is what leads me to believe that this BLDV story is more than just hyperbole. There's more substance in play than the average OTC runner storyline.
So, whether you buy in or not, the trend is toward the bullish side at the moment, and digging deeper may lead one to see the longer game in play here as well.
To quote stervc in my reply:
"it strongly appears that things are definitely happening."
Absolutely agreed!
Go BLDV
Rec
A word about dividends. I don't want to come off as sounding negative, but I don't want AMFE issuing a dividend any time in the near future.
The perception of companies trading on the OTC that offer a dividend, are that they dangle a dividend payment to keep shareholders invested as they slowly dilute and carry out half-assed or outrageous forward looking statements.
AMFE is NOTHING like these other companies offering dividends, but my point is that I don't think the company should use a dividend as a headline to attract new investors, simply based on the perception described above. And currently, they don't need to offer a dividend to keep current investors.
Additionally, AMFE is still in the growth stage. If they want to put their profits to good use, it would be more beneficial going toward further growth. And this is exactly what AMFE is doing. Expanding slow and steady while rolling over profits into expansion. This is what's causing the price per share to react in a positive way. And news about further expansion, via more Snakes and Lattes locations or other areas of growth, will have a stronger impact on the already strong fundamentals that have fueled the rise in price per share vs. a dividend.
Go AMFE!
Respectfully,
Rec
Great recap/update from AMFE. They are doing things in a responsible manner, not getting too far ahead of themselves. Just like the share price, slow and steady.
Go AMFE
Rec
I'll try to answer in a respectful manner...
MJTK is indeed a "penny stock", but being a penny stock doesn't mean it's not public. Any stock trading on the OTC exchange is a public stock.
As for MJTK hitting a dime or a quarter, those are figures so far out of the realm at this stage, that any talk of a dime, let alone a quarter are outrageous. It's important to understand market cap, share structure, and price to earnings ratios to properly come up with a stock valuation.
Even with an understanding of the above, it is very difficult to value a stock, especially considering that MJTK has no earnings to report right now, and their financials are unaudited.
There are some MJ stocks that have very high market caps, that for the most part are unjustified. Or are they? In the OTC, wild valuations are placed and largely based on hyperbole. Sometimes these over valued market caps hold for a while, but most eventually break down. The ones that have gone to extreme market caps have powerful and potent "ingredients" that push the price to extreme levels.
Examples of those "ingredients" include a great story with consistent news flow, small floats, short squeeze triggers, and likely paid promotions.
MJTK has had small samplings of these "ingredients" at various times over the last several months, and it appears they are sprinkling in some more of these "ingredients" to bring some much needed exposure if they want a flow of trading volume to continue.
Overall, with the mix of "ingredients" currently in the play, MJTK could see a penny or two, but the "ingredients" this time around are a bit more diluted and have a lesser effect to the seasoned tasters who are still around. If there's a positive though, it's that we have a new chef in the kitchen this time around, that seems to have starting adding one of the key ingredients...
Don't get me wrong, I'd love to see this stock trading at a dime to a quarter, but we're so far off from any topic of conversation whatsoever at those price levels.
Focus on a penny first and "hope" for a semi locked up float for anything to push it above a couple cents.
Good luck and arm yourself with knowledge the best you can!
MJTK
Rec
With respect to MJTK it would be better to
Up over 100% on less than 11,000 shares traded. I'd say this one can trade much higher.
Need more eyes and volume to tighten the spread, otherwise this will remain unattractive to anyone looking in.
Press from the company and an update on Bong Vodka would be a good start...
Anyone home at the company?
Go MLMN
Rec
2 AMFE charts showing strong supports:
AMFE 50 Day Chart and AMFE Bollinger Band Chart with commentary below.
The 50 Day Moving Average Chart
The first chart shows the last 50 days of trading. As Rocketstocks has pointed out, each passing day, we see one of the lower moving averages drop off, resulting in a rising 50 day moving average. There are 6 more days of .02’s falling off the 50 day moving average. And on top of that, another 8 days of low .03’s will drop off after that. So for another 14 trading days, the 50 day moving average will continue rising. And then some…just pointing out the lower price points for now.
Going further back, one can see the 50 day rarely gets tested, but when it has…the price per share has easily moved off this area of support and trended higher in the days ahead. A rising 50 day moving average is bullish. I use the 50, and even the 200 for the longer trend, as I see AMFE as a long hold. Both are moving in the direction any long investor wants to see.
The Bollinger Band Chart
Looking at the lower bollinger band, one can see this has acted just as strongly of a support level as the 50 day moving average, and more recently a stronger support. Also take notice of the channel when the bands narrow and what follows. The bollinger bands have once again started to narrow. We may stay in this channel for a little longer, but based on the past patterns, I expect to break out of the current channel, just as we did the last two times.
There are a number of other bullish technicals that are set up nicely that can be pointed out at various levels in the charts…A/D line, RSI, and MACD are some of the easy examples one can spot.
If you’re a technical trader, this chart is beautiful. If you’re not, but read this, thanks I guess ?
Go AMFE
Rec
Great, glad to see you scaling in slowly. It's how I've built positions in many stocks.
Welcome and good luck!
Go AMFE
Rec
Many smart investors buy on confirmation so as not to lose on their initial entry into a stock.
Not sure why some are giving you a hard time. Your disciplined approach and desired trigger confirmation of a 10% uptick from highs of mid .09's, prior to entering is a win win for most everyone here.
So I'm happy to see your disciplined approach. A warm welcome will be waiting once you're in, wherever that may be.
Good luck!
Go AMFE
Rec
Flagging intraday, seeing a cup and handle forming on the daily. I see .004 levels next week to complete the cup formation.
.004's next week are just short term goals. I believe further developments based on the storyline will likely create further momentum and excitement while drawing new attention from the investment community.
Thus the longer term could trend much higher.
Go BLDV
Rec
Often times it's said, know what you own. In my case, it was know what you don't own.....yet. Well I'm in as of 3 days ago thanks in large part to following some of your posts.
Glad to be in now while having solid information laid out in the way you've presented it.
Go BLDV
Rec
I should also follow up with the fact that manipulation is not always a negative. And manipulation does not mean shorting.
Whether you agree or not, shorting is an acceptable form of practice within the stock market and serves its purpose.
As has been stated several times, and from my observations, there is no shorting currently taking place.
All is very healthy right now in AMFE land, both trading wise, and company wise.
If you're not familiar with the game, just stay long AMFE! You should do quite well.
Respectfully,
Rec
When retail stalls, market makers will "manipulate" with small amounts of shares traded to entice action, often times at a wide spread.
A large spread entices smart retail bidders looking for an opportunity to accumulate a good stock on sale. Smart investors use large spreads to their advantage, knowing if market makers bid tap a small number of shares to "suggest" the sky is falling, that inexperienced "traders/investors" may fall prey to an appearance of weakness and sell their position, transferring shares to a smart investor waiting on bid to buy at what they perceive as discounted shares.
The reason I believe a lot of these smaller share lots being traded are just market makers manipulating to entice action, is because based on the price per share AMFE is currently trading at, the average OTC retail investor who has under $1K to invest is not going to consider AMFE, rather they will look for .000 or .00 plays where they feel they can purchase hundreds of thousands of shares, or even a million shares.
From my observations here in AMFE, the walk down manipulation is becoming less frequent based on the maturing fundamentals behind the company itself. As this rapidly growing company continues issuing amazing news, it's getting harder and harder for market makers to use a wide spread and pick up shares on the bid because they're competing with smarter and smarter money.
And smart money is also realizing it's getting harder and harder to pick up on the bid. Thus, the sizable ask slaps we're seeing every now and then, despite the appearance of a lull in the action. We're also regularly seeing the bids move up throughout the day, as smart money is susceptible to being just as impatient as newbie or inexperienced money is when they chase.
No worries here, and if it weren't for watching other positions, and by default naturally checking in here, I probably wouldn't be posting as often as I do. This is a long hold if there ever was one in the OTC.
Go AMFE
Rec
No hurry on this one. Accumulate and hold based on the fundamentals and overall growth story.
These kind of stocks are more of an acquired taste, they're not for everyone.
Much like wine...some just want a cheap and quick bottle. Grab some Charles Shaw aka .000 plays if you want a quick flip. Those with a more refined palate, take their time sipping and enjoying as the flavor opens up and blooms, aka AMFE.
Best to all whatever their tastes may be.
Go AMFE
Rec
Unless you're on the ask, patience. There's been plenty of ask slaps today.
Hurry!?!?
Up over 40% currently.
Go BLDV
Rec