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I suggest you go through the chronology of Snakes and what has been done this past year before you accuse anyone of idiocy.
To an outsider, a tilled field only looks empty. Only the farmer knows how many seeds he has planted. The outsider does not see the seeds. The outsider might claim that the farmer has not done his job, basing his belief on the empty field. It is only when the seeds begin to grow that the outsider realizes how much effort the farmer has put in.
We are mostly outsiders. Those of us who pay attention might see the seeds beginning to grow before others, but even those who are paying attention do not, and can not know how much effort has been made until those seeds bear fruit. And even then, some may never bear fruit.
The only thing we can do is judge the things we see. This seems to be good news. Hopefully we will receive confirmation later.
It’s still too early in the day
There is a huge flaw in this argument.
You are making too many assumptions, when the fact is we do not know what is causing the delay other than what has been publicly stated already.
For example: suppose that a 3 year old takes an IPhone and starts using it to play games. Does this mean that the 3 year old plus a genius? No. It means that the team that made the IPhone was brilliant enough to make a system so easy to use that even a child could use it.
Why are the audits delayed? It could be any number of reasons. To assume that X company is bad is precisely just that. An assumption. Do you work in RBSM? Do you work in CFO Squad? Are you internationally recognized as they are? If the answer is no, then how dare you question their work? Who do you think you are?
Besides, what makes an auditor good is not the speed by which they release their work, but the thoroughness of their work. We should wait until we see their work before we judge the quality of their work. In this at least the bunny is correct. We have to wait and see before we judge.
In the meanwhile we can judge what the company has presented us. And what have they presented us? GROWTH. Can anyone here deny that? Saying that Q3 was weaker than Q2 is true, but petty, especially when we consider that 2018 is almost double what 2017 was and we still have a quarter to go!
Now, are there questions that can be raised? Yes. For example: was Q1 (the $6 mill one) an outlier? Or can we expect Q1 2019 to be similar? Was that some coincidence? Or was it due to seasonal sales? We have to wait and see. That is a potential problem, but as Plow would say, it is a good problem to have. We already know that the company is capable of hiring such numbers in a quarter. The question remains, can they repeat those numbers? If so, how consistently?
Thank you for this quick picture.
Looks like the $6 million Q was the outliner (for now).
Our revenue (per Q) seems to be in the $2.4 -$3.3 mill range.
I think this year is already in great shape, but going forward I want to see a Q in the $3.4 mill and above range
It’s kinda strange they released those numbers so early right? Maybe we can expect to see more tonight?
I am grateful for your interest in providing some simple calculations, but I’m afraid I won’t be able to take your calculations into account. After all we don’t have even HALF a billion shares, much less NEARLY a billion shares
Terrible?? Wow.
The company has made about $11 mill this year, vs the $6 mill of the previous year. We are GROWING. That’s what’s good.
Ok? I totally agree with you, but someone asked a question and I tried to come up with a plausible answer.
Everything is going to be alright man.
Well, this is only my own hypothesis so, take it with all the mountains of salt:
I remember seeing in 2017 a few PRs that made notice of the big orders made by retailers. Then those sort of PRs started dwindling. Many people said that it was because it was no longer news but business as usual.
What if the original orders were very large and the subsequent orders small? That would explain why there was such an explosion of revenue at the time, and why they have seen a downtrend since.
In my opinion, the thing to keep in mind is that most of the orders in 2017 were from Canada (if not all). Even then, we have continued to see growth in the company’s revenues. We can see how the distribution and the retail sides of the business complement each other.
At the same time, as S&L continues to expand to the US, it’s very likely that the distribution side will get another very considerable boost as well.
We plan to increase and expand our advertising radius in order to substantially raise our contract numbers and revenue amounts. We currently serve only a portion of the City of Markham were able to capture enough clients to be one of the leading contractor in all of Markham for residential service numbers. If we complete a large advertising campaign and our plan is successful, we could increase our total number of contracts from approximately 300 to 5,000 within a two year period. We believe this plan would allow us to have approximately $1.5M to $2M in additional revenue.
Between 2009 and 2014, Interloc-Kings Inc. has been able to establish a proven business model that has been successful in Markham, Ontario. Our goal is to replicate this model to allow for franchising opportunities within the industry throughout the rest of Ontario, Canada and the United States.
By supplying the know-how, trucks, equipment and advertising based on experience and our proven track-record while showing other existing contractors or individuals looking to get into the industry how to run a successful Interloc-Kings Inc. franchise for themselves, we will be able to receive the initial set-up cost and yearly franchise fees all the while developing and establishing the brand name across different regions of the country.
We originally broke into our industry using a very competitive pricing strategy that was still profitable. As our name brand and reputation spreads, we will be able to increase our prices by almost double over a period of time. This is possible since one of our main competitor on average charges almost double what we charge. While the installation costs and time will remain the same on a per job basis, the margins and profitability on each project will increase significantly. Using this model we have put numerous contractors out of business in the area and will continue to do so while capturing more and more of the market share of the regions we are involved in.
Note 15 – Subsequent Events
The subsequent events were evaluated until May 18, 2018.
The company is currently in the early stage process of opening a fourth location in Tempe, AZ. The location is expected to be operational late summer 2018.
The company is in discussions to acquire a board game publishing and distribution company in France. The company believes this transaction will take place in Fiscal Q4 2018.
And they have shown that revs have grown from $6 mill in 2017 to $11 mill in 2018, and 2018 is not even over yet! Isn’t that awesome?
“As the audit process finally draws itself to a close, shareholders can expect continued updates in the near future on the immediate post-audit up-list, and the further collection of initiatives mentioned and additionally those currently being worked on behind the scenes by the company and its subsidiaries.”
Have to disagree with you here mate. Remember last year? When we got so many awesome PRs and the stock stayed the same? Some people have said it was due to technicals being bad, I give my take, which is (90% probably incorrect):
Once Roger first gave the announcement of the upcoming audits, the rest of the information ceased to really matter. It was that or nothing. We received countless PRs with great info, and the PPS didn’t budge, and in some cases it even went down.
Obviously the technicals didn’t help either.
So where are we now? Roger already tried one approach, now he is trying another. His first approach was to give a lot of info to move interest, but people kept insisting on the audits.
Now he is withholding the information until the audits are out.
We will see what happens.
Nice! Another Long returns to the field! This is starting to look like a party! Next up: Jrf!
What relationship do you see with AMFE?
Actually someone started saying in the public forum some messages which seemed directed at Jrf. This person seemed to imply that Jrf was sharing some inside knowledge with him (her). This made another poster say that Jrf should not be sharing any information since he was an “insider”.
I myself posted a comment on how a third party could affect Jrf’s reputation so easily.
Jrf then stated that he would no longer post here.
It’s a shame really, and I for one would like to apologize to Jrf if my comment was incorrect. I, in my naive thinking, believed Jrf to be an insider because of his relationship to Tempe. I did not know what an “insider” really was.
Excellent idea!
Here is hoping the audits get done by tomorrow!
Smiles
We do need to start changing our tune though. We have been baited far too often to discuss the audits instead of anything else
Hmm in the past 6 months:
Amfil Technologies Inc. Provides General Overview on New Year 2018's Immediate and On-Going Focus for the Company
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Provides-General-Overview-on-New-Year-2018s-Immediate-and-On-Going-Focus-for-the-Company?id=179442
Amfil Technologies Inc. Announces Fiscal Q2 2018 Revenues up 114% year over year to $3,307,549
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Announces-Fiscal-Q2-2018-Revenues-up-114-year-over-year-to-3307549?id=183531
Amfil Technologies Inc. Provides Update on Recent Natural Stuff Inc. Acquisition
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Provides-Update-on-Recent-Natural-Stuff-Inc-Acquisition?id=183772
Amfil Technologies Inc Provides Update On Snakes & Lattes Arizona Project and Discusses Potential Acquisitions
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Provides-Update-On-Snakes--Lattes-Arizona-Project-and-Discusses-Potential-Acquisitions?id=185046
Snakes & Lattes Inc. Announces The Awarding of Additional Exclusive Distribution Rights to Hit Game Titles & An Upcoming Acquisition Of Morning, a Board Game Distribution/Publishing Company in France
https://www.otcmarkets.com/stock/AMFE/news/Snakes--Lattes-Inc-Announces-The-Awarding-of-Additional-Exclusive-Distribution-Rights-to-Hit-Game-Titles--An-Upcoming-Ac?id=186814
Amfil Technologies Inc. Announces The First US Based Snakes & Lattes Inc. Location In Tempe, Arizona
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Announces-The-First-US-Based-Snakes--Lattes-Inc-Location-In-Tempe-Arizona?id=187149
That’s what has happened in the past 6 months. We all have 2 choices here: we can either focus on the negative or we can focus on the positive.
Question for the board: does the company show signs of slowing growth?
How can it when a private investor chose to COMPLETELY FUND a CORPORATE location, with the promise of opening 6 more locations in the next 5 years?
The writing is on the wall for any who chooses to see. S&L is growing at an exceptional pace. Remember that it was bought less than 2 years ago. How much has it grown since then?
The ONE negative thing here is the audit communication. (We don’t know anything about the audit itself).
Has the communication been bad? Yes! Horrendous even! The CEO has been hiding behind his naivety, and that shield won’t last forever.
But you now what? It’s far better that these mistakes happen here, when they really have little consequence rather than they happen when the company is worth so much more.
One more thing... is this mistake going to affect the company in the long run?
NO! Once the audits are filed NO ONE will say that they were filed late! BECAUSE THERE HAVE NEVER BEEN ANY DEADLINES! And many of those who were fed up with Roger will have (or have already) sold, which will mean that Roger will have a blank slate with a whole new batch of shareholders.
If anyone wants to focus on the ONE negative thing and ignore the PLETHORA of valuable things going on with the company, that is on them.
I got one choose to focus on the company, and I know that as the company continues to grow, the stock WILL EVENTUALLY CATCH UP. Then, those who TOOK ADVANTAGE of this OPPORTUNITY will be very happy with their stock, and those who didn’t will have to continue their lives knowing that they had the golden apple in their grasp and they let it go because of their impatience.
5/18/18
“Disaster after disaster”
What disasters are these actually? If you speak about the audits, I’ll count that as one.
Other than that, what we can see from the company is growth after growth after growth.
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Provides-Update-on-Recent-Natural-Stuff-Inc-Acquisition?id=183772
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Provides-Update-On-Snakes--Lattes-Arizona-Project-and-Discusses-Potential-Acquisitions?id=185046
https://www.otcmarkets.com/stock/AMFE/news/Snakes--Lattes-Inc-Announces-The-Awarding-of-Additional-Exclusive-Distribution-Rights-to-Hit-Game-Titles--An-Upcoming-Ac?id=186814
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Announces-The-First-US-Based-Snakes--Lattes-Inc-Location-In-Tempe-Arizona?id=187149
Really? All that is worth a D- from you? Lol
Could it be because we are .....GASP... happy that the COMPANY is doing well?
I understand. The Audits bring credibility to the company. I also understand that many people may have lost their faith in the company thanks to the whole process.
In that sense, people who don’t believe the numbers the company is currently posting will certainly have more reason to believe an audited balance.
Here’s the problem with your argument:
You wish to see that the business is currently doing well.
The audit will only tell you if the past numbers hold up.
Therefore
The audits won’t tell you if the current business is good.
——
The audits are important for credibility and access to higher tier markets, but it won’t tell us anything regarding the present of the business.
I strongly disagree with your opinion. AMFE is not just empty promises. S&L is producing VERY strong results, and more to the point, many items in your list of “pending” items, revolve around Snakes....which we already know is producing results.
We do not have to wait for the audit to know this is true...just walk in on any of the 3 existing locations and see for yourself.
Sure, it may apply....or it may not. Currently AMFE has information going further than 6 months.
Yes you are right, we have to wait and see, but by the same coin we should not assume anything before it happens.
Yes, you are right. I saw some incorrect information. I apologize.
“LIMITED INFORMATION
Designed for companies with financial reporting problems, economic distress, or in bankruptcy, that make the limited information they have publicly available. Companies in this category have limited financial information not older than six months available on www.otcmarkets.com or on the SEC's EDGAR system.”
This does not apply to AMFE either though .
“The Pink Open Market provides brokers a platform for transparent trading and best execution in any security. There are no financial standards or disclosure requirements. A wide spectrum of companies are traded on this market, including foreign companies that limit their disclosure in the U.S., penny stocks and shells, as well as distressed, delinquent, and dark companies not willing or able to provide information to investors.”
.... yes, companies in the PINK exchange are labeled as “limited info”. Once AMFE uplists to a higher exchange, it will be subject to stricter controls regarding its public information.
In other words, AMFE is not labeled “limited info” because of anything wrong it did. Rather ALL companies in the PINK exchange are labeled as “limited info”. Once AMFE uplists, it will no longer have that label.
https://www.otcmarkets.com/corporate-services/information-for-pink-companies
Not with the Qs. When things are under his own control, the dates have always been met.
No, you are not being realistic, you are being pessimistic. The difference of keeping low expectations vs expect the worst expectations.
I understand that what you mean to say is “prepare for the worst”. That is a very cautious strategy, but it is not a realistic strategy. In reality you prepare for both the expected god things as well as the expected bad things. A pessimist would say “prepare for the worst, and the worst means absolutely nothing good will happen”
Lol, i call BS
So will we get the Qs today in the evening or tomorrow morning?
It’s funny that you should use that example (the one regarding the judge).
Recently there was a scandal in Puerto Rico because of a conversation that took place in Whatsapp. The group in question was made of many politicians belonging to the same party and a judge that was recently named by the governor. Apparently the politicians were telling the judge what to do in certain cases.
As you can imagine, it was a pretty big scandal for us lol
Don’t forget that the distribution arm has been growing plenty with only 3 locations available.
I agree that the more locations available, the faster the brand will grow, which means that the rest of the business will grow quickly as well.
But that doesn’t mean that they NEED more franchises in order to continue growing the brand. The company has proven this to be false already.
I’m sure you are familiar with the saying: “get it right the first time”?
Yes it is certainly possible for us to have over 5 franchises by now... if the company decided to put them haphazardly over the map.
That would probably do more harm than good though. Many business fail, not because the concept is bad, but because the location chosen for the business is bad.
The company is taking care to choose the right location for each franchise, and that takes time, and you know what? I am ok with that, because S&L is NOT only retail. They are also distribution and now publishing as well.
One GREAT location is much better than 10 crappy ones. Take Tempe for example. The company will make this location, not only a place that can serve the over 200k students in the area, but it will also use that location to create a distribution hub that serves the entire SW area. This one location will be able to serve as a hot spot of sorts for any businesses nearby that are interested in ordering board games. That’s also how they will grow the brand.
I’m sorry, but if you believe that S&L is just a Café, you do not understand the business.
That’s not what he is saying though. Jrf is always very careful whenever he says anything, no doubt about it, but check out this scenario:
I (a hypothetical insider) private message you and tell you: “the sky is blue”.
This is information that is not only obvious, but also not related to the stock at all.
And you tell the public forum:
Wow! Thanks *known insider*! I will keep that in mind!
Now you just let everyone know that you had a communication from a known insider. What will the board think? That private info was shared. In such an example, was the insider at fault? Not really, he didn’t share any *new* information, and he didn’t share information about the stock at all. Nevertheless, his reputation could be damaged because of what the other poster said.