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Agreed, but they will help in many other ways.
The good thing about S&L is that it’s not just the café business. It’s also distribution, (now) publishing, and retail.
One of the ways that franchises will prove most helpful is by pushing the brand; creating more visibility. With more brand awareness it will be easier for the business to secure more distribution deals, and more exclusive deals. Visibility and brand recognition is worth plenty in itself.
Also, we should not underestimate the percentage of fees that we will receive thanks to these franchises. They add up. Lets say that each franchise makes 500k monthly, and they will pay us 5% of that money per month. That’s only 25k right? But in a year, that makes for 300k. Bear in mind that this is “free money”, and only 1 franchise. What can the company do with 300k? I don’t know, but whatever they do, they will do it with free money. It’s just like we do with stocks. We invest and if the stock does well, we start selling some stock in order to regain our initial investment until we are “playing with house money”.
Sorry man, until the stock goes up, this is going to be the bears playground and the bulls have to suck it in and charge forward.
To do that, however, we must talk about the things that we like, the things that make us believe in the company. By doing personal attacks we only play into the bears’s hands.
Can you state your point clearly please? Are you saying that franchises are worthless?
I agree with bigjay on this. Personal attacks a good argument do not make.
- Yoda
Yea... I agree with Aggie on this one. Never invest anything that you can’t stand to lose.
A sale is like a contract. Both parties must be in agreement for the terms and conditions of the sale in order for it to take place.
The offer must have made sense to the owner of NSI. There was no taking advantage of anyone here.
Making light of a tragedy is a different manner all together.
Agree. One of the main things we should be going after is the exclusive distribution deals. Once we have that, i don’t care if many other cafes open before we do. I welcome it! They will be our customers all the same.
“At this rate this could be a 10-15 year project than a 5 year plan.”
I can’t say I agree to this. Who here could have forecasted that 1 investor would go for 7 franchises?
What about Morning, and the entry point it represents to Europe? Who here could have foretold that?
Roger said it himself in an interview. Right now they are targeting opening 1 location at a time, but as they grow they will be able to open 2 locations (or more) at a time.
This is only considering corporate locations. I believe that the AZ location will be a turning point concerning franchises. Leadership has already stated that there is a strong interest in opening franchises. That interest will only grow exponentially once the S&L Tempe location opens. One of the things that will push this forward is the fact that it is new. People are always looking for the next shiny thing, and they will see this and think: “if I open one of these franchises now, I will be amongst the first in the US to do so...!”
So, no. I don’t think that the plan has slowed down. If anything, it’s speeding up.
So there are some initiatives that haven’t been completed or maybe even discarded. Who knows? But why do you ignore the MANY others they have done in 2017?
You say you are not impressed by the business.
What would it take for it to impress you?
I believe it has all to do with perspective. If you want to see this as a “half empty cup”, then that’s on you.
The PPS has been falling for the last 8 months... ok, let’s go with that.
What has the company done these past 8 months? Has it grown? Does it look like it will continue to grow?
If the company does grow, as it MUST, because it is growing right NOW, what do you think should happen to the stock?
I do not want to own an empty piece of paper. I want to own a company, a successful company, and the writing is on the wall.
Hmm. Looks like we are focusing on different things, but in truth, the important thing is to what you compare your numbers to:
For example:
Let’s say that I hoped that the revenues would be 7 mill and the company *only* made 4 mill. That’s 3 mill less than what I’d hoped.
BUT
If I compare that number to the previous year I see that those 4 mill are 100% more that what was made in the previous year.
Which comparison is most important? Sure, the company did not meet my expectations, but it grew.
And I have to be very careful of my own expectations. What position do I occupy in the company? None. What access do I have to sales numbers growth numbers etc? Very limited. Considering that, how can I believe that my expectations hold any merits?
However, I can see the growth. That much is clear. I think we need to temper our expectations and judge according to the information provided, and the information provided points to rapid growth.
And they MIGHT be higher!
Really man, I actually appreciate your posts but please try to be as objective as possible. What evidence do you have to make such claims?
Those who suspect that Q3 numbers may be higher than Q2 have many things they can point out to, and this underlying evidence is what makes their posts valuable.
Just claiming something without any basis on which to prove it only makes you look bad :(
Lol what a huge spread
“I mean, COME ON...#AMFE is talking about another "investment" (giving money away) when they hardly put ANY on the bottom line AND should be doing a Buy Back at these prices to show shareholders they haven't been COMPLETELY FORGOTTEN ABOUT IMO.”
Dude, chill. Breathe in, breathe out. Let’s go this step by step:
S&L was an investment. It has come really far since it was bought. This was not “giving money away”.
NSI was an investment. They have already recovered many of the accounts that they had, and they are growing. This was not “giving money away”.
If previous history shows that investments made by the company have worked out, why would you immediately jump to the conclusion that we are “giving money away” instead of believing that we will make something out of our investment as we have already done in the past?
Why do you believe that leadership has forgotten about us? They have made the company (that we own) grow; they have communicated with us on the growth and on the delays. If anything, leadership has been very conscious of us.
Can someone explain what just happened? Someone sold at .06?? Why???
You are welcome :)
It’s amazing we have investors who can see the potential of S&L and are willing to jump to the opportunity ;)
Lol you are reaching now hahaha
The original plan was:
Company would make 1 location in Chicago.
However:
A local investor approached leadership with a deal. The general deal was:
Investor would pay for a corporate location in AZ, and would then help invest in 6 more franchise locations.
AMFE chose to follow this deal.
Uh yeah? Tempe is a corporate location. That’s what made this deal such an important one.
These deals will come more often now , until they stop becoming “news”.
Then we will hear:
“We just received our first 7 deal figure!”
And so on and so forth.
#WorldDomination
Love this tweet:
Recently locked up some nice six figure distribution purchase orders from some of the largest big box chains. Details will come shortly.
So, a new S&L is headed towards Denver. I wonder if this is part of the 7 franchise deal, or if this is something new entirely.
The problem with your statement is that you assume that Roger can not learn from his mistakes. You assume that the man of Tomorrow will be the same man of today.
In a sense, this is the perfect spot for Roger to make all the possible mistakes he can. This is his training ground. As the company grows, so will he, and to be fair, if you weigh all both the pros and cons, Roger has had MANY more hits than fails.
He is doing more than “just fine”, it’s just that we are too blinded by the audits (or lack of thereof ) to notice.
It’s just as Jrf said, there are TONS of things going on in the background.
The company is growing, the company is moving forward. The company is making money.
You are right, but there are 2 different stories to be told here.
1 technicals- the charts tell the story of the past, and the past (the last 6 months) have not been pretty.
2. The fundamentals- the fundamentals show a story of growth. And it’s not stopping any time soon.
I choose to follow the second story
REPOST WORTHY! Thanks Jrf!!
Re: Quiet Storm Post# 130122
"accomplished anything this year? "
Absolutely.
You don't see any accomplishments for this year?? Here, let me show you some:
1) InvestorsHub NewsWire -- Amfil Technologies Inc. (OTC PINK: AMFE) is pleased to announce that between November 1st 2017 and February 28th 2018, the distribution side of Snakes & Lattes Inc. has grown from 20 retailers and 5 SKUs to 170 retailers making up 300 locations and 35 SKUs.
That is huge. They have gone from 20 retailers to 170 retailers. That will increase revenue, increase the efficiency of that sub, and is a GREAT leap in locations. How can you write "I don't know if this company is getting the actual job done now". They may not be things YOU think should be done, but to me this is a LOT to get done in ONE area in a short period of time. And like the commercials of yesteryear, I can say "But wait. there is more"
2) we have formally started as the exclusive distributor of Hub Games, the makers of ‘Rory's Story Cubes’, ‘Untold’, and ‘Blank’.
Another EXPANSION going on. People think nothing is happening. Hey, these are games that brought us ZERO revenue in 2017, but WILL bring revenue in 2018. Because now WE are the distributor for them. You think things like that happen without effort and work? Nope. It is an accomplishment for 2018.
3) Snakes & Lattes Inc. also acquired the Canadian Distribution rights to ‘Build Up’ as well as the North American distribution rights to Morning's games ‘Kill The Unicorns’ and ‘Red Panda’. In addition to these new titles, the company also received the exclusive rights to The Awkward Yeti's game ‘OrganATTACK!’ in Canada as well as Galactic Sneeze's lineup of ‘Spank The Yeti’ and ‘Schmovie’ The company also got the rights to the ‘Not Parent Approved’ version.
Holy moley! We are gaining rights to LOTS of games. Remember, this is part of who we ARE. We have board game cafes, but also sell board games. And as we add new distribution rights, that increases our sales and our profits. Maybe not exciting stuff, but this is all NEW REVENUE for 2018 and no one seems to be giving them credit for it.
So now that we are adding all these new games to our distribution rights, how are we going to SELL them?? Well, behind the scenes we are working on that TOO.
4) The company is also pleased to announce that it is in advanced stages to buy Morning, a board game publishing company based in France. Morning was created in 2011 as a distributor and published its first board game, KUMO, in 2015. The company's latest success was a Kickstarter called "Kill the Unicorns" that was financed thanks to almost 8000 backers and $300,000 USD.
The upcoming acquisition of Morning gives AMFIL the opportunity to accelerate the reach of the European board game market that is $2.4 Billion EUR (Approx. $3 Billion USD). Morning is distributed in France, Germany, UK and 20 other markets worldwide. The company also directly serves a network of 400 shops in Europe.
Ahhh. Buying a company that serves a network of 400 shops in Europe. We shall continue to serve those 400 shops. PLUS we shall offer them ... the games listed above from the other deals we have put together. To me, this looks like a LOT of work and GOOD ACCOMPLISHMENTS. We are doing things that may not be fancy or as open as the cafes, but these are all positive things happening with AMFE. Building an empire and dominating. All growth for the future.
5) Snakes & Lattes Inc. continues its aggressive expansion on both the distribution and retail levels, striving to achieve its goal of industry domination from initial publishing to final retail sales.
There you have it. Their interpretation of the same things I just mentioned. And that is just in THIS part of the company.
You are asking what accomplishments are being done in 2018. IN reality, I don't want to say that these NEW ventures are the only things going on. Let's not forget. EVERY DAY that the cafes are open, the distribution site is open, IK is open, and the other subs are working, they are accomplishing things too. It's not like once you open Midtown then it doesn't take any time any more. Employees are there DAILY. Customers are there DAILY. We seem to take the "existing" for granted, and think an "accomplishment" is only something NEW. I think servicing the existing is also an ongoing accomplishment. I want to say that. But, let's keep talking new for 2018 OVER 2017.
Since I mentioned the cafes, let's go there.
6) The home of the newest Snakes & Lattes Inc. location, dubbed Snakes & Lattes ‘Tempe’ has been identified and the company has made a deposit with the Tempe, Arizona landlord to open the first US based Snakes & Lattes board game bar/café.
You can't be serious if you think this is a minor accomplishment. This is breaking ground in a NEW COUNTRY. It took a while for them to do it, but this is happening. Now. Not future, but now. IN SPITE of some people saying (hopefully jokingly) that Ben was holding a car key, Tempe is already starting its build-out. It is a major accomplishment. As a matter of fact, this deal is SO important that S&L Put their OWN plans to build in Chicago on hold to do THIS one FIRST. Because Chicago was going to be ONE location. This is going to be SEVEN. If you were planning to come to the states and build in Chicago and then work towards new locations, but someone came to you with a deal for seven locations, would YOU change your mind and accept that deal? They sure did! And of course, the same people who think the key belongs to a car said that it showed they were inconsistent with their own stated plans. Hey, bigger better faster expansion talks. A smart company takes advantage of opportunities and doesn't stubbornly stick to its original plan in spite of potential for bigger success. That's an accomplishment!
7) The company continues to aggressively pursue several locations in other regions of the United States, including the previously mentioned corporate location and distribution hub in Chicago IL.
Just because they changed gears and put Chicago on hold for Tempe doesn't mean they are not working other areas. Coming to the USA brought with it some unique issues. They are being dealt with, and once done then YES the expansion in other areas can continue, and MUCH faster than one per year. Give them a little time. they are young and small. they will grow, and as they grow they can add layers of management that then will allow faster growth in the future. Like Jackpot has advocated. But there ARE other locations being talked to. Just because they don't share their inside information with YOU (Or me or anyone else on this board) doesn't mean it is not happening. Call those discussions "Accomplishments for 2019"
Let me move away from the cafes again for now.
8) Amfil Technologies Inc. announced the acquisition of NSI on November 1st 2017 ... Natural Stuff Inc. holds distribution rights to several food and beverage brands including 28 Black, a popular premium energy drink. At the time of the acquisition, NSI had a distribution customer base of over 300 accounts across Canada. We are pleased to announce that the client base has now grown to exceed 500 accounts across Canada.
Another 2018 accomplishment. You know what? I think your asking this question might be good for a LOT of people to see this answer. even "I" am learning more about what the company is accomplishing NOW by writing this. Another area where we are up about 70% in accounts in 2018 versus 2017. Oh, and only the end of 2017, as the first 10 months of 2017 we didn't even own it. So a NEW source of revenue. I might have to increase my thoughts on what I truly expect in revenue numbers! I, like most, keep forgetting about all these NEW accomplishments we are doing while we wait for the big ones to hit.
Look at this. Adding to revenues and an accomplishment starting in 2018. "The company is pleased with the rapid successes obtained by the Natural Stuff Inc. subsidiary, and look forward to assisting with the drive to regain and exceed its previous $18 Million per year market share which would dramatically contribute to overall company revenues"
9) Since the launch of the Publishing Division, the company has been in discussions with multiple game creators with the intention to play, test, produce final product, publish, sell, and distribute newly created game titles.
This is behind the scenes, but something that started in 2017 and should see its first impact in 2018. A NEW ACCOMPLISHMENT.
Dude, I"m going to stop there. I need to get to work. But ... to say " It doesn't take a genius to see there is no substance here anymore." is incorrect. It takes someone who skips over the small details to see that. It takes someone who digs into the reality to see that we ARE adding new substance to the company. Did I mention gro3? Nope. Did I mention IK? Nope. did I mention audit? NOPE. Even when done, I won't call that an accomplishment. Just something that happens. But there are a LOT of things going on. Growth happening NOW. Things that have actual NUMBERS to them. Number of outlets. Numbers of locations. Number of contracts. All GROWING. Is the company dad? No, not at all. Is it a lot of hidden stuff behind the scenes? Absolutely. Things like adding outlets ion EUROPE for games that are NEW to us for distribution rights? Hard to see. But they will show up on the top line in 2018, and they were not there in 2017. Which is why we have seen things like "Fiscal Q2 2018 Financials: Revenues were up over 114% fiscal year over year from $1,542,389 in Q2 2017 to $3,307,549 in Q2 2018" We ARE growing, we ARE dding to our domination goals. Just not in fancy ways. Tempe is the first SHOWY thing to come along since Midtown, but other things are adding revenue too, and growing our brand. Not flashy, but growing us. If you don't see it, don't say that it doesn't exist. Just look deeper.
We are already full of accomplishments for 2018, and MANY more shall come.
Yes, INCLUDING at some point "its time to open like 10 locations per year if this going anywhere." Be patient. When they have 30, it is easy to open 10 more in 1 year. When you have 2? Going to 3 and then 4 is a big step. Especially when you are ALSO spending time getting new names, new games, new outlets FOR those games, and building a dominating force behind the scenes. It is coming though.
Thanks for bringing this to my attention.
Why do you say they make 0 profits?
Lol put your money where your mouth is. Put up a huge bid wall for support
Hey Jsee, what are your thoughts on the CEO’s letter?
Lol so many people are enjoying the fact that the stock is down right now. They choose to ignore the strengths of the company at their own risk. I am going to enjoy saying:
“I told you so”
To so many people here. Lol
Oh, in that case yes. I meant another tweet like : “everything’s done! Expect this by end of week!”
I’d rather we don’t receive any more of those.
I’m not sure I want another tweet.
“Expect updates on all subsidiary fronts in the near future.”
These are the magic words I like to hear
Good honest letter.
I think it’s a good thing too. Let people sell. Let the stock fall. If there is anything that will reach Roger a lesson it’s a hit to his pockets.
I’m still buying as long as I can, but Roger NEEDS to learn to be MUCH more careful with his communications.
As with everything in life, there are good news, and bad news.
The bad news is that Roger has affected, due to his own actions, his own credibility. As such, many shareholders will indubitably sell.
The good news is that other potential buyers will see this as the great opportunity it is and they will not feel as burned as others here obviously feel.
Ask him that question yourself. Get back to us if he answers.
I don’t think you know what you are talking about.
You are aware that S&L was privately owned for 7 years before it was Bought by AMFE right?
And yet, it was only after it was bought by AMFE that its revenues shot up.
And you are saying Roger had nothing to do with that?
Come on. I know we are all pissed off at Roger thanks to the dang audits, but we have to give credit where credit is due.