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They are all POS but if i can make money who cares
I cut my losses, well less gain's. I wont tell you what to do with your money. I won't re enter until I get a buy trigger. AMFE is not doing well. IMO
MMS can't hold it down much longer.
Hows that 7 million dollar q3 treating you?
AMFE is in down trend an everyway except debt that's going up! Imo
On January 22, 2018 the Company issued a promissory note for the principal amount of $199,971 repayable on January
22, 2019. The note is non-interest bearing and the principal amount may be converted into shares of the Company at
the conversion rate of $0.10 per share on or before January 22, 2019 at the option of the holder or automatically if
unpaid as at January 22, 2019.
On February 28, 2018 the Company issued a promissory note for the principal amount of $22,000 repayable on
February 28, 2019. The note is non-interest bearing and the principal amount may be converted into shares of the
Company at the conversion rate of $0.10 per share on or before February 28, 2019 at the option of the holder or
automatically if unpaid as at February 28, 2019.
On March 8, 2018 the Company issued a promissory note for the principal amount of $50,000 repayable on March 8,
2019. The note is non-interest bearing and the principal amount may be converted into shares of the Company at the
conversion rate of $0.10 per share on or before March 8, 2019 at the option of the holder or automatically if unpaid as
at March 8, 2019.
On March 8, 2018 the Company issued a promissory note for the principal amount of $30,000 repayable on March 8,
2019. The note is non-interest bearing and the principal amount may be converted into shares of the Company at the
conversion rate of $0.10 per share on or before March 8, 2019 at the option of the holder or automatically if unpaid as
at March 8, 2019.
On March 8, 2018 the Company issued a promissory note for the principal amount of $15,498 repayable on March 8,
2019. The note is non-interest bearing and the principal amount may be converted into shares of the Company at the
conversion rate of $0.10 per share on or before March 8, 2019 at the option of the holder or automatically if unpaid as
at March 8, 2019.
On March 13, 2018 the Company issued a promissory note for the principal amount of $150,000 repayable on March
13, 2019. The note is non-interest bearing and the principal amount may be converted into shares of the Company at
the conversion rate of $0.10 per share on or before March 13, 2019 at the option of the holder or automatically if
unpaid as at March 13, 2019.
9s are forming a solid base? Heard that at .16, .15, .14. AMFE=BAGHOLDERS
IMO
To bad they never made a dollar with grow3
Thats funny.
What about grow3? Huge growth there. Dont put money on losers,. He is buying loser's. Snakes was dumb luck.
He needs to look for companys that are doing well but need capital to reach the next level.
Someone has to tell the other side. All you hear from Roger is penny land fairytales! He is either a liar or completely incompetent.
Soon all the shareholders will be right beside him.
How big? They never have sold a grow3 ever! Not $1 dollar.
Factual, like fins indicating the buisness are complete failure
A good track record for finding good companys? Like grow3 zero revenue,. Nsi just about worthless, now morning another company on the brink of bankruptcy. Rogers best trate is getting lucky with snakes but hey one out four isn't bad. Roger is failing shareholders in every way. Imo
The royal we, dude
Correct the auditors are holding it back because its not correct. Ugh
Considering that, its still 100% on Roger.
We bought 6 humans and have built.one location. Oh wait we bought that failing bread and drink company. Judging by q3 they are still failures. Wait grow3 will save us, nevermind we have never made 1 dollar in revenue from it.
Its fine we are just stuck in this channel lol.
Add all.the moving averages then you will really see how bad it is. .11 was key and we couldn't even give it a solid test. Downtrend continues :(
Did the CEO of those companies shoot his mouth off endlessly for a year? If Roger would have followed through and got the audit done earlier this year this stock would have ran. Now its broken, no one believes Roger any more.
Where are the test of grow3 validating its use? Really simple test
Grow room with mold test day one thc at 8% mold present. After x amount of grow3 treatments. Mold gone thc not effected. They could do that mold mites etc. Add chemical testing to.prove no pesticides used. If there was proof it would sell. Dont kid your self there are drug dealers buisness men people with real money with forward thinking that would buy it.
Zero revenue many false promises just like the audit. Still no verification the grow3 works safely
I can name one snakes. All day $8
He is not holding news Roger loves to brag! Q2 numbers were so-so waited until last minute. Q3 stunk it up, he files an extension. If he had million dollar contract, sales, anything it would be out now. They guy that loves to shoot his mouth all the sudden learned his lesson.
Roger's soon, or like a normal person? Rogers soon is an indefinite time frame
Its okay for him to lie about the audit endlessly? What about the millions in grow3 revenue, thats also false? 55 million in dulition? Convertible notes? Millions in loan's? Share price crushed from his dishonesty. Great guy, that Roger
We have a key line of resistance if it breaks it could shoot up. Last time it broke upwards on this line it ran for 9 days.
So if i waste millions of dollars to make 300k its okay if i have good loan terms? I disagree and so does the market as seen by the huge down trend.
The specific loans have the following terms:
Royal Bank of Canada has a Line of Credit authorized for $200,000 CAD dollars payment is due on demand at an
interest rate of prime plus 3%. As at March 31, 2018 the balance outstanding was $200,000 CAD. As at June 30, 2017
the balance outstanding was $146,769 CAD.
Royal Bank of Canada has a term loan that is co-signed by the Government of Canada under the Small Business
Financing loan program at an effective interest rate of 5.7% that is variable based on prime plus 3%. As at March 31,
2018 year end there is a balance remaining of $382,338 USD dollars. As at March 31, 2017 there was a balance of
166,999 CDN outstanding.
The Business Development Bank of Canada has a term loan with an authorized amount of $62,500 with an effective
interest rate of 7.30%, with monthly payments on principal of $1,300 CAD dollars, as at year end there is a balance
remaining of $39,000 CAD dollars. As at March 31, 2017 there was no balance outstanding.
The Business Development Bank of Canada has a term loan with an authorized amount of $187,500 with an
effective interest rate of 12.10%, with monthly payments on principal of $3,125 CAD dollars, as at March 31, 2018
year end there is a balance remaining of $131,250 CAD dollars. As at March 31, 2017 there was no balance
outstanding.
The Evolocity Financial Group has a term loan with an authorized amount of $100,000 with a flat interest rate of
14.134%, with daily blended payments of $475.79 CAD dollars, as at March 31, 2018 there is a balance remaining of
$114,644 USD dollars. As at March 31, 2017 there was no balance outstanding.
Lending Loop has a term loan with an authorized amount of $120,000 CAD dollars with an effective interest rate of
10.33%, with monthly blended payments of $2,594 CAD dollars, as at March 31, 2018 there is a balance remaining
of 108,320 CAD dollars. As at March 31, 2017 there was a balance of 33,360 CAD outstanding.
Thinking Capital Inc. has a term loan with an authorized amount of $285,000 CDN dollars with a flat rate of interest
amounting to 22.19% of the authorized amount, with monthly payments based on 17% of credit card transactions
processed, and as at year end there is a balance remaining of $153,267 USD dollars. As at March 31, 2017 there was
no balance outstanding.
The following table summarizes total bank indebtedness as of June 30, 2017:
Description As of June 30, 2017
Royal Bank of Canada Line of Credit $ 151,132
CLE Leased Equipment 45,228
Royal Bank of Canada Term Loan 382,338
Business Development Bank of Canada Term Loan
(aggregate)
134,056
Evolocity Financial Group 114,644
Lending Loop Term Loan 115,293
Thinking Capital 153,267
Total $ 1,095,958
A shareholder made advances to the Company totaling that are non-interest bearing, unsecured and have no fixed
repayment dates. During the 9 month period ended March 31, 2018 and 2017, the Company received proceeds in the
amount of $449,025 and $85,963 related to this loan, respectively. During the 9 months ended March 31, 2018 the
Company made payments in the amount of $443,067 related to this loan.
The Company leases office space and motor vehicles from a shareholder and director of the Company (See Note 12).
Show me one ounce of proof the loan was jrf? You can't, it was paid back to an insider probably the same insider that leases all the equipment to AMFE. The dd is clear there are many money problems and shady buisness practices performed by Roger and AMFE.
IDC what other penny stocks do. This is in reference to AMFE. Roger wasted millions of dollars IMO but its okay because other penny stocks are"worse"? For the buisness model he should not need all that money. He is shady IMO
Heard the same fluff for over a year. Grow3 is zero revenue. Smart money is waiting for validation that grow3 is more than a website.
How many penny stocks need 17.5 million to make 300 k in profit? Amfe is loosing almost a million dollars a month
55 million in the last year is alot consider the price and we have nothing to show for it. What did Roger do with those millions of dollars? Then he needs million dollar loans? Borrowing 1/2 million from insider's? He leases equipment from an insider. Any real DD shows that there is a lot of money going into AMFE with no profit. 10 million in revenue, 1 million loans, 5.5 million dollars worth of shares, 2 million in convertible notes. 1.5 million for midtown. 1.5 for growth, 18.5 million and almost zero profit. Where is the 17 million? How much does Roger and the insiders make?
How are they less risky? Revenue is barely up. Debt has grown exponentially. The money management is really poor here. They borrowed millions, diluted million gave out millions of covertable notes. I wouldn't loan Roger $20 for gas.
What game is it changing? Grow3 has never made any money ever.
How much money per unit?
Has nothing to do with AMFE. We haven't sold any MJ related products. The financials clearly show it. AMFE and grow3 has not shown any ability to be a solution to those types of problems. It's really easy to understand that AMFE has nothing to do with MJ other than a website.
So AMFE bought roto grows systems? Good for roto at least they are making money.
Is it hard to.understand that with all.those loans, convertible notes, dilution buying a new company, adding a 3rd location that it only added 30% revenue while the shareholders have lost almost 1/2 of their value and AMFE debt has increased? It seems any savy investor would notice these details.
Its amazing how many times you post facts about AMFE yet the same hypothetical revenue streams return from the same posters.
Grow3 zero revenue is a fact. No one has ever paid for it.