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Not sure how where 14 months is coming from. Here's the link though for your reference when RBSM confirmed their engagement. Hint it was August 10th, 10 months ago.
https://backend.otcmarkets.com/otcapi/company/financial-report/179045/content
That's a false equivalency and there's zero factual evidence to support that statement. Roger's credibility hasn't been damaged, in fact I would argue his letter to the shareholders where he specifically stated he has "egg on his face" for the audit debacle did plenty to cement his credibility. He only ever communicated timelines given to him a 3rd party. Manipulation, spooked traders and MM are much more to blame for the current PPS situation. And when this goes back up, which it will, it'll increase must faster than we went down. I guarantee it. We may even get some news tonight, Roger broke his twitter silence.
And POT* isn't a MJ stock, they don't sell anything that has cannabis in it. It is all CBD from a hemp plant. Sales and speculation is what drove that stock, which is what will happen here when just one board game title takes off. And by your description of what AMFE, I would direct you to all the DD that's on here which shows AMFE is not a salad and board game company. Next!
EAPH down 50% in 4 months. No revs. No bank account. Non verifiable information. Where is your money going?
Something very wrong here
Get out now!!
Trip zeros coming soon, no bank account.
Where is shareholder money going?
Straight into the CEO's pocket
Non-verifiable information
Pump and Dump scam
No revenues
Where's the money??
Multiple stocks have ran without an audit. POT* comes to mind. They were in the audit process when it ran from $.05 to $.95. Sales and speculation can move this faster than an audit release. Time will tell, most of us aren't going anywhere and if nothing else this has been one helluva ride so far.
Newbies if you do your DD, you'll uncover a diamond in the rough. Hell I've been averaging down for weeks now, those $.07s I bought are now up over 30%. Newbies wouldn't you like to be up 30%, or 300%. This is a great buying opportunity. The model is proven, gaming distribution is right around the corner and big box stores are loading up for the holiday season. It'll be Christmas in July in no time. Heard of Kill the Unicorns, blew their KS goal out of the water in a couple days and raised over $300K on a goal of $10K. One hit board game and this is a 9 figure, that's right 9 figure company. Doesn't that sound nice?
He didn't promise anything, just sent out a forward looking tweet. We all know news is coming, he broke is silence though which could be promising for news or a PR this week.
I'll repost it before the bell closes today. I think it's something we all need to be reminded of. To the nay-sayers it sure seems personal and not rooted in any sort of factual relevance.
Definitely. Maybe someone will sticky it.
Egold and Jackpot gave you both follows. Bid has jumped up $.005 in the last hour. AMFE's twitter has broken their silence. Thursday is news day, I'm with Rocket in believing we get something tonight or tomorrow morning.
The increase in PPS will happen much faster than the so-called slow bleed. When all the news hits, which it will, AMFE will go up pennies at a time. This will move from the $.09s to the mid teens in no time wiping out any losses incurred so far. I'm down 34% right now, and I'm as confident as ever in this stock. Fins only get stronger, we're on the cusp of potentially huge gaming deals, and their model is proven. Add on NSI, any Gro3 and we've got a winner. Why the shortsightedness?
There's no logic in that comparison whatsoever. Revs are up each quarter as compared to last year. And Q3 being their slowest quarter still showed a 35% as well as a 60% increase in their margins. Not a single financial expert, or well versed trader would ever make that comparison. That's literally not how this works.
FALSE on multiple accounts. Revs INCREASED YoY, you don't compare Q to Q you compare Q to previous year's Q. Why would you compare a busy quarter to their slowest quarter? Their financial history proves Q3 is their slowest while Q4 and Q1 are their busiest. Second their profit margins are INCREASING. The percentage of profit margin increased at a higher rate than in Q2, easy to decipher when you read their financials.
From the filing: The authorized preferred stock of the Company consists of 10,000,000 shares with a par value of $.001. The preferred shares are convertible into common stock at a ratio of 77.78 to 1. There are no redemption features or any additional privileges over and above the rights to the common stock it would convert into.
If you've been trading and investing for awhile you'd know this is a potential reversal sign. Low volume also suggests no sellers who are tightly holding on to their shares for the upcoming catalysts. Remember, AMFE's best quarter is Q4, they'll surpass $15M in total revs this year. A 250% increase YoY
That's Trump's entire presidency wrapped up in one sentence. Repeat things over and over again until people concede that it's true even if it isn't. Same thing is happening here. Repeating the same lies over and over again until people begin to believe it's true or until self-doubt creeps in and people sell their shares.
Please elaborate. They converted the "retired" shares into preferred shares yet somehow lowered the O/S by over 250M. And their authorized preferred share count is 10M as per their financials. I'm confused how you could arrive at that conclusion.
Yes there are, especially down here in pinky land. AMFE isn't a sub $.10 stock, we all know it. Games are played, MM box us in on the bid and ask, they can drive it down to get cheapies knowing it'll spook people who either have too much invested here which they can't afford to lose or they're amateurs who cut and run. Trading down here isn't for the faint of the heart, nor will it ever be.
It seriously boggles the mind. Actual FACTS are presented. FACTS cannot be refuted. FACTS cannot be interpreted one way or the other. FACTS are FACTS however they're sliced. And as you and I and a whole host of others have stated, it is an unequivocal fact that AMFE is not diluting shares, that they have reduced the O/S as per Roger's commitment, and capped the A/S at a smaller amount than what was outstanding back in 2014. Wondering how some walk and talk at the same time.
The company doesn't keep "selling" shares though. Outstanding share count has decreased by 200M since 2014 when the O/S was over 650M. The most recent selling of shares were convertibles to preferred shares of 20M
And it has over $300k of cash on hand. It's easy to see the growth of AMFE just by going through their posted financials. Look up their 2014 fins compared to today. Even Ray Charles could see the company is growing and expanding extremely fast. They're in hyper growth and haven't had to dilute or enter into toxic debt agreements. Not many companies can say that. Look at MJN*, the first publicly traded cannabis company and they give out shares like it's candy. Over 1 BN outstanding shares. That's dilution
EVERY SINGLE COMPANY IN GROWTH STAGE INCURRS AN OPERATING LOSS
Interloc-Kings Inc. supplies and installs residential and commercial hardscape construction projects including interlocking stone driveways, walkways, back patio’s, retaining walls and steps, fences, decks, pools, etc during the summer season and is one of the largest residential winter service provider in Markham for winter maintenance services covering approximately six hundred homes in the off season.
Or anything for that matter. Can't wait for Fuzzy's "analysis" of the audit
So is mine. It'll update once they "officially" get the name change. Usually takes 5 business days, and it won't allow you to trade under that ticker symbol yet. At least not in the US
Ahhhh gotcha that makes more sense instead of attempting to sell them.
Really low margins on those though. Not the biggest fan of t-shirts as a way to add to the bottom line. Then you've got to store them, that cuts into the margins even more and before you know it those shirts are barely breaking even, taking up valuable floor space at each location that could be used for something else that could significantly add to top line revenue. IMO
That's not entirely true. I've seen lots of companies I've been invested in release news Thursday night or Friday morning. Creates a sense of urgency on Friday and then builds that urgency the entire weekend. In my experience that's when you see the biggest gap ups. IMO of course
Bought more on Tuesday at $.0738. Already up 25% on those shares
Me too. After Jackpot's baseball game, I can't do this anymore lol. It's out when it comes out. With that being said, I think we get some sort of news tonight with respect to one of their market segments. Either Gro3, game fulfillment contracts or something along those line. Could be the audit but it definitely seems like sentiment has changed for one reason or another.
A "." ends a thought. The next sentence is a new thought. That does not in anyway shape or form say suits are mandatory. The second sentence says in that grow space you have to put on a suit and be decontaminated. Mincing words as usual
The bid is already set to open higher tomorrow morning. We'll get some news tonight. There was in my honest assessment a leak regarding some kind of news. The price doesn't jump like that with MM actually taking a position which those with L2 were able to see without some sort of catalyst. We've been oversold with an RSI in the 30's for awhile now. It could just be technicals with the triple bottom bounce. We should find out tonight one way or the other.
Yeah I hate doing that too. I've got a feeling he'll send something out on twitter if this in fact the news we've all been waiting for. Hell I'll take any news. Gro3, distribution contracts, anything lol
Hoping for a tweet. I've got AMFIL's notifications turned on. If something hits I'll post it straight to the board. I'll keep a few in the barrel tonight and not max out to 15 today.
Did someone say...PARABOLIC?!?!?
Dumb or spooked people. No faith in what they owned, bought into the fake SEC news, or the few on here that have BS opinions.
And just like that, those that bought down in the $.07s are up 30%. The clock is ticking, maybe we get something tonight. Those MM always know when news is about to hit. Could tomorrow be the day the chasing really begins? Huge reversal going on right now.
Oh me too. As soon as I'm in the office I have my MarketCaster from Etrade up. On my drive into work I'm watching it on my phone lol. I'm pretty much obsessed with this stock. So is my wife after I told her of the potential here.
Just sent out a tweet to my 1000+ followers, I'll hit the social hard. Great action today, I love watching this stock. If anything it's absolutely enthralling.
Ringrock, gave you a follow. Response to Mike: I got in at .13 and I'm down 40% while watched LVV* go from $.02-$.08 and RXM* go from $.03-$.26 needless to say I missed out on those. And if people took their investments there and came back so what? Did they liquidate all they had in AMFE, probably not. Did they hedge their investment here with another, I'd say that's more likely, but to say it's know that half of AMFE went to Lvv* is false. Why the anger if you're here for the long haul? This is a blip on the radar, in true penny stock fashion this is completely undervalued for what AMFE represents and where it's headed. You know it, I know it, and most on this board know it. The price will follow. Would you agree the company is better today than it was a year ago?
Last post of the day, at my 15 max.