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That’s not what happened. The gist of the story is that two customers around 10pm had to wait a while to be seated (normal for a place such as S&L but it started to annoy them), the gurus helped them with their gaming needs, and they asked the waitress for alcohol, which she refused, saying she was uncomfortable serving them alcohol. The female is Hispanic and felt uncomfortable herself and left. While the male was preparing to leave, he asked what was going on and they told him that they felt the female was slurring her words. He felt insulted.
That’s his version of the story, but before anyone plays the race card, there are a few things that MUST be considered to make a fair judgement:
1. Canadian law stated that if a person *APEARS* to be intoxicated, the server must not sell alcohol to this person.
This means that the responsibility of making that judgement call resides on the person serving. They do not have instruments to measure how drunk a person is. So every call they make is going to be subjective. Some will be good, and some will be bad. That’s just how it is.
2. The accent can absolutely be confused, especially when considering the context of the story. I am Hispanic. I live in Puerto Rico, I personally know that we can have a thick accent, especially if we don’t know the language well. Which (surprise surprise) many of us do not.
So what was the context? 2 people coming in at 10pm. It is pretty reasonable for a waiter to assume that the customers have had a few beers before. So it is reasonable to assume that the waitress heard the thick accent, thought about the time, thought they had had a few beers before and she denied the service of further alcohol.
3. The word “uncomfortable” is emphasized by the customer in his testimony. That word made him and his date feel discriminated. But how else are you supposed to tell a customer that you are going to deny them a service? Telling anyone that they appear to be drunk is tantamount to insulting them. She tried to tell them in a soft way.
I totally understand hay the customers felt discriminated against, but there is a huge difference between feeling insulted and intending to insult.
The company reached out and apologized directly to the customer in question, they made an open statement, and they tried to make amends. They did what was needed to be done.
That happened on the college location. Not at midtown.
They did apologize to the customer in question. And they made a statement to the community at large.
The thing is that the only thing that will change their minds is action. Not internet arguments.
The company will continue to provide an excellent service. There is nothing else to do.
It’s best to ignore the noise. I’ve read about the issue at length and while I understand both parties, I believe that S&L did the correct thing.
I work in Customer Service, and I know how damaging a bad review can be, but I also know that we won’t be able to please every customer, and that means that some customers will get angry.
The only thing that the company can do is try to reach out, explain their position, and try to provide better service. They have done all those things.
Don’t worry about what the people in Twitter or Facebook say. People behind a screen to protect them are always more vicious there than in person.
I feel the need to point out that there is no evidence that points towards more news before the month ends:
“The company will get back to more frequent updates going forward, beginning in the month of February to highlight the ongoing accomplishments and achievements that have recently developed and those that are currently progressing.”
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Provides-Shareholder-Update-On-The-Company-Audit--Uplist-Process?id=182156
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Here he is basically saying that we will get more updates more frequently starting in February.
———————-/—
And:
“A number of updates can be expected on the GRO3, Snakes & Lattes Inc, and Natural Stuff Inc subsidiaries before the end of the month and throughout the month of March.”
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Announces-Fiscal-Q2-2018-Revenues-Up-114-Year-Over-Year-to-3307549?id=183566
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This one could be interpreted in 2 ways:
1. The word “updates” could refer to all the updates we will receive both in Feb and Mar
2. It could mean that we will receive more than one update in Feb and more in Mar.
—/-/—————
Strictly speaking, even if he does not do another update before February ends, Roger will still have kept his promise.
While I would be ecstatic if we received more news, I wouldn’t want for us to go ballistic if we didn’t.
You know, the worst part of the last 6 months was not the waiting for the release of the audits, but the continuous waiting without news.
The audits are important...no ... crucial, for the continued growth of the stock. But it does very little for the growth of the company.
As an investor, I took a risk on this company because I believe in the vision they shared, and I saw that vision fulfilled with the continuous news that the CEO consistently shared. Those updates grew extremely faint over the last 6 months.
The reason I could keep strong was because I knew that S&L was a real business, and that they kept making business even if the news were scarce.
The audits are numbers of the past. They will give confidence to new investors, and they will allow for the stock to be uplisted. The uplist will allow for institutional investment to take place. These 2 things combined have the potential to drive the PPS through the roof!
But I don’t really care that much about the past. I care about the future. I care about the things that Amfil is doing to grow, and the things it will continue to do to grow.
In the last communications Roger made a promise to us. He said that we would start to receive news again in a frequent manner, starting in February, and continuing in March.
“A number of updates can be expected on the GRO3, Snakes & Lattes Inc, and Natural Stuff Inc subsidiaries before the end of the month and throughout the month of March.”
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Announces-Fiscal-Q2-2018-Revenues-Up-114-Year-Over-Year-to-3307549?id=183566
They started out with a bang. They provided a great update on the new acquisition just a few days ago. This is what I was waiting for. Not this specific update, but the end of the silence. The silence has been broken. I am a happy shareholder.
I mean, you can always wire the money and have it cleared in a few hours, but that I’ve found that to be a hassle. Maybe because I’m from Puerto Rico.
If I make an electronic deposit, it takes 3 business days for it to clear. Once the funds are taken from your bank, you can call them to see if they can clear them sooner. Sometimes they help.
“You Sir,” said I to no one in particular “are the very definition of the word “troll””
You are right. It’s not a shock. That’s what happens when we don’t have a specific date to adhere to. We may hope, but not expect. Therefore we are not shocked if it is not released.
He could release news today, but not before the market closes. He specifically said that the day he releases the Audits will be EOD.
Welcome aboard. If you have any questions or insight, please feel free to share or ask. I know how open and honest discussion can help everyone discover new things.
The company? How exactly are you doing that? This forum is meant for investors, not company board members.
When you say: “motivate he company”, what does that mean? From all the information we have, the company has ALWAYS acted in its best interests, which is : to make more money.
It’s important that we as investors recognize that when we invest in a company, we invest in the vision of the company, and not the other way around. The company is answerable first and foremost to their own finances. That’s why many CEOs say things like: my business is with my customers, not with my shareholders. This is because if the company is doing well, if the business is doing well, the price of the shares will soon follow, but if the company decides to attend the interest of the shareholders (which is to increase the PPS) without attending the interest of the company, the result will be a Pump and Dump.
If you really want to help, the best you can and should do is discuss the good points of the company, so that other investors will be more willing to invest in the company.
Just imagine:
Audits/ uplist end of day today.
MAJOR PR on Sunday/Monday including:
Confirmation of Uplist; information regarding spin off , new company, dividend and ratio per share for new company + the cut off time to qualify for the dividends; new franchise locations + the approximate time of their opening, and start of the new Chicago Corporate location and approximate time of opening; new GROZONE deal/ partnership (remember the angry tweets?)
And I am leaving out a TON of things they could go over.
That would be my perfect scenario.
**** NOT SAYING THAT THIS WILL HAPPEN*****
1. Audit info already discussed at length. Read Roger’s letter on 1/31.
2. In that same letter, Roger stated that we would be receiving news again at a regular pace starting February. In fact, a PR was released on 2/20
Then after the delay, the news stopped...I said it stopped because there was no news to report. MOST argued Roger was waiting till A/U were complete BEFORE releasing news, and yet we received NSI news the other day?!
3. After the delay in January? The Quarterly was released in 2/15 and a PR followed it closely after.
4. Who do you refer to when you say “we”? Do you mean the company? The stock? We as shareholders? The company is in the best position in its history. The stock is going through an extended consolidation period. These periods are not fun, but they are definitely not bad. That is, the stock is healthy. When I say “healthy” I mean that it is holding most of its gains from the last run.
5. As shareholders, we are in a MUCH better position now than we were 3 weeks past. Why? Because we know more about the company/business now than what we knew then.
Dang Seaton. That sucks. I know these days must feel slow as hell. But don’t worry, we both know where this is going. Once this explodes, certain trolls will cry... and their tears will be oh so sweet
This is something to look forward to. Something that will NOT happen now, but that MAY happen in a few years in the future.
Check out this tweet by Goldman Sachs:
“We invest in a company that's already formed a leadership position and is a market leader.” SoftBank Investment Advisers CEO Rajeev Misra: click.gs.com/syue #TalksAtGS”
I don’t have PM. Thanks and no prob.
(REPOST) I’m not sure if you read this and decided not to comment, or if you have not seen this post yet, but If possible, I would like to hear your opinion on this:
Re: Felo31 Post# 105609
Let’s read this statement closely:
“A number of US and Canadian franchise and joint venture initiatives have already been capitalized on and there are more in the works. We therefore anticipate further positive impact moving forward as additional retail locations continue to open this year.”
That first sentence is very interesting. “A number of US and Canadian franchise and joint venture initiatives have ALREADY BEEN CAPITALIZED ON and THERE ARE MORE IN THE WORKS.”
Ok, so we knew that at least two franchises had already been sold in Canada, but this is the first time they mention the US. Interestingly enough, they say that these joint venture initiatives have “already been capitalized on”.
I take it to mean that we will hear from a new franchise (the first in the US) very soon. If it has already been capitalized on, I believe the Ink is close to dry. Maybe Jrf can give us his opinion on the matter? With this I am not asking if his specific venture has been capitalized on. What I am asking is if he (as someone who is very interested in opening a franchise) would interpret that statement in the same way that I have, that is: if the venture has been capitalized on, it means that the ink is almost dry, and they are probably moving forward with the operation.
The next part in the sentence is equally interesting:
“There are more in the works.”
With this I am understanding that there are other people interested in franchises that are being worked on.
Replies:
I forgot to comment on one of the
Felo31 on 2/21/2018 8:32:22 PM
Report TOS
I forgot to comment on one of the most important things:
“We therefore anticipate further positive impact moving forward as additional retail locations continue to open this year.”
They expect additional retail locationS (plural) to open this year.
Let’s read this statement closely:
“A number of US and Canadian franchise and joint venture initiatives have already been capitalized on and there are more in the works. We therefore anticipate further positive impact moving forward as additional retail locations continue to open this year.”
That first sentence is very interesting. “A number of US and Canadian franchise and joint venture initiatives have ALREADY BEEN CAPITALIZED ON and THERE ARE MORE IN THE WORKS.”
Ok, so we knew that at least two franchises had already been sold in Canada, but this is the first time they mention the US. Interestingly enough, they say that these joint venture initiatives have “already been capitalized on”.
I take it to mean that we will hear from a new franchise (the first in the US) very soon. If it has already been capitalized on, I believe the Ink is close to dry. Maybe Jrf can give us his opinion on the matter? With this I am not asking if his specific venture has been capitalized on. What I am asking is if he (as someone who is very interested in opening a franchise) would interpret that statement in the same way that I have, that is: if the venture has been capitalized on, it means that the ink is almost dry, and they are probably moving forward with the operation.
The next part in the sentence is equally interesting:
“There are more in the works.”
With this I am understanding that there are other people interested in franchises that are being worked on.
“A number of US and Canadian franchise and joint venture initiatives have already been capitalized on and there are more in the works. We therefore anticipate further positive impact moving forward as additional retail locations continue to open this year.”
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Announces-Fiscal-Q2-2018-Revenues-up-114-year-over-year-to-3307549?id=183531
“Best one ever except contains ZERO Gro3 Revenues!”
I don’t understand why this is important. AMFE is a holding company. They have currently 4 subsidiaries. They are about to spin off one of them.
This means that they have 4 different large revenue streams.
What does it matter that one of them is *CURRENTLY* not producing?
What is evident is that one of the other 4 revenue streams (Snakes & Lattes) is growing exponentially.
The CEO just stated that another one of those revenue streams (NSI) is also going to grow exponentially.
If S&L makes $100 billion dollars (hypothetical), why would I care that the other company is not making money?
And this has to be taken with a GREAT grain of salt. GROZONE is not making money **NOW**. Does this mean that they will not make money in the future? No, it does not.
“The distribution arm of Snakes and Lattes Inc. continues to ramp up and a number of new accounts have been recently added. We will be making some announcements in the near future regarding the overall expansion and behind the scenes progress of the Snakes & Lattes Inc. subsidiary.”
“With revenues doubling year over year in Q2 without the impact of Midtown, and the exclusion of partially filled contracts at end of quarter, it clearly shows the growth of the distribution side of the business which has become a large focus in the recent past.”
“We therefore anticipate further positive impact moving forward as additional retail locations continue to open this year.”
Hinting new Franchise locations??
“The Snakes & Lattes ‘Midtown’ location soft launched in the final few weeks of the quarter and therefore did not contribute to revenue in any significant way. The location is now fully operational and generating revenue as anticipated which should significantly contribute to increased retail revenues for Q3 and beyond. A number of US and Canadian franchise and joint venture initiatives have already been capitalized on and there are more in the works.”
“The company remains on an upward trajectory, with revenues exceeding $9M only two quarters in to Fiscal 2018 thus already surpassing the entire 2017 Fiscal year by 39% or over $2.5M USD.”
At least we have financials reporting revenues and growth, unlike many other companies.
The only hype we have is the excitement of seeing a profitable business model at work.
What gets you so excited about the school program?
Guys, don’t get upset. Don’t try to reason with him either. We had a great day! To think it’s only the beginning!
Loving the new info on NSI, I think we can expect great things from that end. Food stuffs may not be sexy but numbers sure are! I can’t wait until NSI starts generating a mill or two a month!
But all business models have their pros and cons. And they depend on the context. A business model that is successful in one company is not necessarily successful in another company.
What we do know is that the business model that S&L currently employs is working.
AMFE investment grade! Over 700% YOY
AMFE quickview quarterly financial comparisons 2017 vs 2018:
Financials
FY2017 Q1: $28,477
FY2017 Q2: $1,542,389
FY2017 Q3: $1,809,064
FY2017 Q4: $3,251,043
FY2017 Total: $6,630,973
FY2018 Q1: $5,900,374
FY2018 Q2: $3,307,549
FY2018 only 2 quarters in: $9,207,923
(Credit to Rec)
AMFE quickview quarterly financial comparisons 2017 vs 2018:
Financials
FY2017 Q1: $28,477
FY2017 Q2: $1,542,389
FY2017 Q3: $1,809,064
FY2017 Q4: $3,251,043
FY2017 Total: $6,630,973
FY2018 Q1: $5,900,374
FY2018 Q2: $3,307,549
FY2018 only 2 quarters in: $9,207,923
(Credit to Rec)
AMFE quickview quarterly financial comparisons 2017 vs 2018:
Financials
FY2017 Q1: $28,477
FY2017 Q2: $1,542,389
FY2017 Q3: $1,809,064
FY2017 Q4: $3,251,043
FY2017 Total: $6,630,973
FY2018 Q1: $5,900,374
FY2018 Q2: $3,307,549
FY2018 only 2 quarters in: $9,207,923
(Credit to Rec)
Are the horses getting ready to run?
I hadn’t thought about that. I was only thinking of NSI’s potential inside Canada. If management figures out a way to grow NSI alongside S&L this could be huge.
Still not as explosive as S&L, but I am incredibly happy that the company continues to find recurring revenue streams.
This is not a one star show. The company continues to diversify.