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Any negative comments we need to just post the YoY growth. Amazing numbers. And Q4 should be monstrous.
And that my friend is the rub and the only fact anyone needs to know
They’re in hyper growth! No company makes money in this stage, except AMFE and few other unicorns. There are a multitude of companies that report ZERO net profit or net income whatsoever
Only sugar daddy’s fiancés in cash ??
That little engine that could, IK financing all of our projects. No toxic debt, no dilution. All cash. Wow roger, what a dumb move ;) how could you not dilute or involve yourself in convertible notes far below the stock value.
Their quarterlies proof they’re making millions in rev. The proof is in the pudding. Just because someone refuses to read it correctly doesn’t mean it isn’t true
They’re becoming pros. Just the difference between the formatting and notes from Q2 to Q3 is quite a sight. Everything looked much more professional and exactly how a large scale investor and retail firm would want them to look
Exactly. In essence they made money on their debt conversion. Damn roger, what an idiot you are(sarcasm of course)
And their convertibles were at a price of $.10
Riddle me this Mckinley. How could they lower the O/S and be diluting?
Fake news. There is no toxic debt or dilution and in fact the O/S is 15M less now than in December. Can’t dilute if you’re lowering the O/S
One game could flip this all on its head with 7-figure revenue from one title. Snakes doesn’t need to do tens of millions of dollars per location. And if anyone hasn’t noticed they’re becoming more efficient with gross profit substantially increasing from last quarter.
Can’t wait for those first contracts to come in. Waiting for all of the news that will officially prove all of the nay-sayers wrong.
July 1st California passes their pesticides law regarding cannabis. 80% of current pot shops will fail these pesticide tests. And here comes GRO3 to the rescue for those that continue to do business. Most of them will close. Those that have the capital will invest in a the leading technology of pesticide free cannabis. GRO3 will be absolutely huge.
474M to be exact, not even half a billion and they just reduced the O/S. Increasing revs increasing gross profit by a wide margin.
Lol just throwing out numbers now, eh. We all know this isn’t worth $.03 or $.06 or $.10
Couldn’t agree more. But but but roger.. but but the audit..but but dilution, midtown opening late but but but waaaah
$4m+ will do just fine. Anything over $5m watch out. $7m for this quarter with a trend rate of $28M puts this stock in the mid $.50s. It won't be $7m. I think in the mid to upper $3m range, over $4m and I'd be pumped. $5m and I may go streaking down the street.
And is there any proof that employees have exercised their options if in fact they have stock options? Considering there are only 3 executive level employees they'd be the only ones exercising those options. Really stretching there now. And no the ocean isn't diluted. Just like the O/S isn't diluted from issuing less than 1% of total O/S at a share price of $.10 again not $.01 but $.10.
Q3 will be out Sunday. When it is it won't be late as it's filed retroactive to their filing date. Audit will be here when it's here. As long as we see continued QoQ and YoY growth nothing wrong here.
Yeah that's not how that works. Geeezus. He could've authorized 1BN shares or whatever his heart desires
No its not. If you add one drop of water to an entire ocean size of salt water has that one drop of water diluted the salt water in any way shape or form. Absolutely not. You're arguing for arguing sake. But but but but he issued shares it must be dilution. Wrong. Dilution is either a large issuance of shares at a substantial discount, or with debt convertible notes at a substantial discount. He issued those with a value of $.10, a small discount. Not so much now but when it was issued it was a discount. This is not worth $.05. This stock if the audit had never been mentioned and continued on its way would be in the high teens to low $.20s IMO
That was just an example. I've seen other companies have debt convertible notes that low, their O/S and A/S were also a lot higher. This company is already successful and it's still in growth stage. So many people forget that, this company is far ahead of the curve for where it should be. Growing with no debt. Growing with no dilution. Growing with fully funded locations for the foreseeable future. Hyper growth stage doesn't yield these types of results usually, with AMFE they're an outlier, and one we're lucky to have found.
Exactly! If Roger was diluting the exact opposite would be happening. You don't reduce the A/S. He's locking up the share structure and I wouldn't be surprised if he does it again here soon once we uplist and the big time investors have eyes on us.
There's no one converting shares at sub penny or even for a penny. Dilution isn't what is driving the price down right now. MM are playing their games. They know what's coming. Shaking people out of shares before we go PARABOLIC. The faucet of news is about to open, the dam is going to breach. Don't get caught downstream without a life vest.
No toxic debt=no dilution
That's not dilution lol. They issued 4m shares less than 1% of the entire O/S. And most of that was for debt reduction and not at a price less than market. It wasn't a convertible note at .01 or .001 or anything like that. It was at $.10. Do your DD! Nice try though. Next!
By Monday you won't have to worry about that. As long as the Q3 numbers come out and they're big YoY which IMO they will be this gaps up big time. Audit is the next catalyst. If they both come by Monday we're in the $.20's by Friday. Take it to the bank.
No dilution whatsoever. A/S has been revised down. No toxic debt. No convertible shares at an extremely low price, nothing of that sort. So please tell us how is there dilution?
Distribution contracts will be in Q3. The beginning of tourist season will be in Q3, NSI's new customer base will be in Q3. GRO3 will be in Q3. All the makings of a monster Q3 report which IMO is already finished. Roger is just buying time. Called a timeout to elongate the game. Well played if he can pull it off. We'll know by Monday
No Gro 3 revenue and the company is still making money hand over fist. Who cares if Midtown opened late, renovation projects are not easy and multiple things can go wrong in that time pushing the timeline back. It's open now, with a liquor license and it's busy, ALL THE TIME. Monday-Sunday. Spin off will happen when we uplist, no sense spinning off a company in pinky land then have to do an audit uplist process on that company. Dividends will follow. PPS still up YoY. CEO has never lied to us, and by Monday this will all be behind us.
Yet if he makes no statements regarding the audit he would have been crucified. So he decides to allow us on the same journey he's on with his transparency instead of keeping everyone in the dark like most CEOs. Those invested feel like they're right in the thick of things at all times with this CEO. And I'll tell you, it's one helluva ride. Lots of excitement, twists and turns, ups and downs. A real life Hollywood movie in a penny stock.
Yes we will. 4 days left in our grace period. Monday is going to be a thing of beauty. And all of this nonsense will be behind us.
The auditors relayed that information to Roger. Just like an employee relays to his/her boss something is done, when said boss checks the project and won't sign off on it that employee goes back to the drawing board to properly complete said project and that cycle is initiated until said project is complete and accurate in its entirety.
Q3 fins are not late, that is false. Once filed within the 5 day extension period it is retroactive the original filing day. Silence is golden right now
3 of 4 revenue streams are all generating revenue, we know that for a fact. S&L, IK, and NSI, we have no GRO3 news which should be coming out soon. The fact that they've expanded into a new country. The fact that more locations will be coming on line. The fact IK does enough revenue to finance other projects and is an industry leader in Canada. Those are all facts which somehow are lost on a select few.
All the positive revenue streams AMFE has currently and the fact not a single person on this board knows what was relayed to Roger by RBSM, or what process was in place after the initial March 7th tweet. If in fact they did attempt to rework the audit for approval before hiring the CFO squad. What emphasis was put on the audit by RBSM, how long Roger and staff accountants on their own attempted to complete the necessary changes.
Total retained earnings deficit is a liability
Look at page 10 of the unaudited financials. Beginning balance of -1,271,534-the foreign exchange(-319,511)+net income(88,766) and you get their retained earnings accumulated deficit which is different than total share holders equity. Total share holders equity is 903,045. Total retained earnings deficit is 1,502,279. Do you know the difference between retained earnings and total share holders equity? Look in the liabilities under accumulated deficit which again is different than shareholders equity.
I was replying to his post about a 10 to 1 stock split. And what the price would be had that happened today