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Great day! DFCO showing absolute strength and investors showing conviction on that intraday dip as some took the opportunity to add.
It’s rare, but I got the low of the day today, and I’m thrilled with the fill!
Go DFCO
Rec
Look how quickly this thinned out on that dip and bounce back!
The float is tightly held, which can certainly contribute to an explosive move here!
Go DFCO
Rec
The news indeed confirms DFCO is actively pursuing reverse merger candidates.
THIS is what we’re all here for.
DFCO remains a strong hold for me.
Rec
Good to know, thanks for posting.
Share structure and float remains incredible here.
I’d like to see crypto currency involvement somehow to complement the coin positions I already have with an actual stock.
Go DFCO
Rec
AMFE’s time to rise and shine is nearing again!
I’ve mainly held through these consolidation / retrace periods because I'm just not interested in trying to constantly time entries and exits when my belief is that by holding long, any minute price fluctuations relative to where the stock price can grow over time, will be insignificant.
When I find a stock that I feel I can hold and see explosive growth over a longer period of time, I'd much rather sit back and relax while that position slowly appreciates in value, and add on developing confirmations (as can be seen below), rather work so hard to trade every day, grinding out smaller gains and then having to discover the next, while constantly initiating due diligence on a new stock that may be in a completely different sector than the one before, that I'd have to learn about to give myself the chance of a successful trade. It's a lot of hard, time consuming work.
Personally, AMFE has always been an easy buy and easy hold. It’s with sincere intent, that I hope experience allows others to fully recognize when to buy and hold a stock like AMFE. And I do believe it’s still a great time to buy and just hold long.
Below is a screenshot of just one investor’s success. Clearly this hasn’t happened overnight, that’s just not how success works. But it won’t be too long before it feels like an overnight success. AMFE’s time to rise and shine once again is closing in quickly.
Go AMFE
Rec
Respectfully, impatience is often a byproduct of one being all in.
Don’t be impatient, be smart.
It’s best to keep 20% of your portfolio in cash so you can take advantage of other opportunities as they come along, and then rebalance accordingly.
The potential here in DFCO is tremendous and at minimum, worthy of a hold until further updates are released, detailing what line of business may reverse merge into the shell here.
At that time, one can position accordingly to add on confirmation, continue holding, or sell the news.
At the moment, DFCO is one of the easiest holds for me, purely on the fact that the tradable float is tiny, the company hasn’t issued any shares, and recent filings brought the company into current standing.
HOLD
Go DFCO
Rec
Snakes and Lattes expansion into the USA!!
This is very exciting for the continued growth of the Snakes and Lattes division of AMFE and a huge first step in strengthening the brand.
Very strong news tonight!
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Announces-The-First-US-Based-Snakes--Lattes-Inc-Location-In-Tempe-Arizona?id=187114
Long AMFE
Rec
No share structure changes, still 38 million float!
Thank you for this update danaernst!
Go DFCO
Rec
Warner Bros. consumer products division handles licensing for their brands.
Snakes now has exclusive distribution for all of Hubgames games. One of which is Story Cubes.
Story Cubes has to license the characters used in their games (Batman, Scooby-Doo, and Bugs Bunny, etc. from Looney Tunes) from Warner Bros. consumer products division.
Distant as it may seem, the connection to Warner Bros. opens the door to some other potentially massive lucrative opportunities for Snakes and Lattes.
More great news from AMFE that I like very much!
Long AMFE
Rec
There’s lots of talk about the AMFE CEO.
The CEO is the single most important person of any company in its EARLIEST of growth stages. That’s the time when decisions are being made that will impact the future of a company.
If you look back at the accomplishments made that mainly occurred in 2017, AMFE’s CEO has been instrumental in building the foundation.
However, I believe the company is nearing a point where the CEO has less to do with the continued growth, than the hundreds of people who are now working for the various divisions of the company.
Congrats to Roger Mortimer for building a solid foundation, but AMFE is nearing that tipping point where the collective efforts of everyone else in the company have much more bearing weight on the future success of the company.
This will also be something to consider when AMFE finally uplists, but in the opposite way.
The collective efforts of retail investors will become less important than the single efforts of any investment fund or funds that may decide to position themselves with an investment in AMFE.
Odd how that works.
Long AMFE
Rec
AMFE stock being accumulated!!
There’s been next to nothing on the ask for months, yet steady volume at the bid with price levels holding.
This my friends is accumulation at its finest spelled out. For those more visual in their understanding, pull up the A/D line on a chart. It’s clear as day there too.
Something WILL give, and based on the action I’ve just described above, I expect the breakout to the upside.
Long AMFE
Rec
AMFE Truth vs. Perception
TRUTH is what you discover when you verify something presented with information extracted from an internal source.
PERCEPTION is how you understand or interpret something when presented with information extracted from an external source.
Individually, we are all our own internal source and everything else is an outside source.
Prior to acting on any investment decisions, it is always best to personally verify information, even if that information initially comes from an external source.
Here’s how I would apply TRUTH and PERCEPTION into a discussion as related to AMFE’s stock price over the last few months.
TRUTH is currently being overridden by PERCEPTION.
TRUTH fueled much of the share price growth from sub penny into the low .20’s range. PERCEPTION is what brought the share price down from the low .20’s to where we stand today.
PERCEPTION has me believing the stock price is “drip dropping” purely based on where the price was, and where the price is.
PERCEPTION has me believing the business is not succeeding purely based on some of what I read.
These two PERCEPTIONS are based purely on external sources: my brokerage account and “meanderings” of others.
What happens when I set out to discover the TRUTH?
Answer:
I’ve been watching the daily trades closely for months on end now. Over the last several months, I’ve seen the ask clogged and cleared on numerous occasions only to end up with a wide spread which results in market makers substantially undercutting the ask, and then repeating this process over and over again. TRUTH tells me this is classic behavior of a tightly held float with swing traders trading and investors trying to accumulate large positions at all costs. My brokerage account has in depth historical factual chart analysis that shows me accumulation (as stated many times in the past, my favorite chart technical) is near all time highs. This is extremely bullish.
I’ve also been following the companies growth and personally verifying the business dealings at hand through multiple non biased entities. And TRUTH tells me business is booming!
My willingness to dig for what I’ve
discovered as the TRUTH behind everything AMFE, has me patiently holding, despite the general PERCEPTION that’s been presented.
Lastly...
The mindset of too many OTC investors is wired to trade on perception, which is one of the reasons AMFE has been “stuck” in this price channel. However, when one sets out to discover the TRUTH, one should find a real gem in AMFE. Additionally, once the auditors at RBSM officially sign off on the audit, and the uplisting occurs, I do believe TRUTH will far override PERCEPTION when it comes to how the stock trades. And when this rarity occurs in these parts of the Wild Wild West, better saddle up and hang on for dear life!
Silently long AMFE
Rec
What is in play for DLCR is a low float thin mover.
OTC markets shows a 34 million float, but it’s more like 52 million based on a filing a week or so ago of an 18 million share conversion, which at these price levels is nothing and were probably already easily absorbed into the market.
Go DLCR
Rec
That explains the recent volume. HOWEVER, the shares have been distributed into the market now and the trade set up here is still very attractive and the stock moves on air.
I have a position here and can afford to be patient and wait for the right time to trade on momentum / exposure.
DLCR
Rec
Well said Panzer. Still here holding strong, but quietly.
Go DFCO
Rec
There’s been a lot of jabbing (bid sitting while still in a defensive stance), but I expect to see some power punches (ask slaps) starting tomorrow, as investors go into attack mode!
Go AMFE
Rec
This is a great read Sleek, and so true on many fronts.
To recognize these factors and have the ability to use it with other more technical aspects surrounding a given stock, is to be a great investor/trader.
To time entries and exits using these two factors surrounding a given stock, is to be a lucky investor/trader.
To add all other aspects (share structure, sector sentiment and news, filings and other disclosures, etc) with the above factors, is to be a complete investor/trader.
VATE and SIPC, although beat down over the last few months, appear to have reached a pivot point and are ready to rise and shine again.
Go SIPC and VATE!
Rec
Yes indeed, it is rare to come across a clean shell with a share structure this attractive.
Oddly enough, this may have a better chance of having a mega run purely based on anticipation, FOMO, and the low float.
Reverse merge the wrong kind of company based on investor perception, and that could slow the run.
Funny how that works huh?
Regardless, those who are taking positions in DFCO are setting themselves up very nicely, even at higher levels than where we are currently sitting at .0262...
Go DFCO
Rec
DLCR looking mega thin! This has a monster move in it with the tiny float of only 34 million shares. Good call on this one $tockJunkie!
Rec
None whatsoever. What a new market maker showing up represents to me is a new source of investment.
Any new investment money suggests newly initiated coverage.
When a major catalyst (AMFE audit) is pending, I watch for shifts in Level II, which include the arrival of any new market makers.
OTCX is a market maker, OTCQX is an exchange. OTCX could be a market maker that represents investment that trades on the OTCQX exchange, but the two are completely separate and independent from one another.
Long AMFE
Rec
New market maker just shows up, OTCX. Just observing for now.
Long AMFE
Rec
DFCO is primed to hit a new yearly high, purely on an organic move based on a few investors spotting updated filings and taking smart and early positions.
Pristine clean shell with an O/S of about 47 million shares and a float of about 39 million shares. No toxic debt or conversions in play.
I can only imagine where DFCO will be trading when updates are issued and any widespread exposure received on said updates.
Explosive potential here!
Go DFCO
Rec
Based on what I observed today, the float does appear to be a near lock.
I saw wash sales and a flipper or two working the action. Limited supply left.
Congrats on your 4.2M shares.
Go DFCO
Rec
DFCO with only $78K dollar volume traded today.
Float has been accumulated and it won’t take much more if any to lock it.
Very organic play here so far with an incredible setup.
Those present only need to hold tight instead of flipping for a few hundred dollars here and there.
The collective shareholders effort combined with increased exposure and volume will set this off.
The company could also issue an update at any time, simply stating the intentions for updating filings to become current.
If the company speaks and even hints at or mentions a reverse merger, speculation alone will drive the PPS.
Confirmation of any reverse merger will also drive the price to potentially much higher levels than where DFCO currently stands.
Go DFCO!
Rec
Updated AMFE PIE analysis: Performance, Image, and Exposure.
Each category: Performance, Image, and Exposure, receives a percentage of importance.
Contrary to what one may think, Performance should be assumed and therefore gets a low level % of importance.
Image receives a much higher % level of importance because it has everything to do with how others perceive the company. If a company has a positive image, they will have the opportunities at hand that will lead to good performance.
Exposure receives the highest % level of importance because if no one knows who the company is, opportunities to build an image/reputation that lead to overall performance are non existent.
So starting with the highest % level of importance:
50% EXPOSURE - currently, I give AMFE an 8 out of 10.
AMFE now has 3 successful brick and mortar board game cafes, additional franchised locations in the works, and strategically placed company owned and operated master franchises planned for key markets including a US headquarter hub in Chicago.
Locations are operated under the name Snakes and Lattes. Many people frequent these locations as can be seen via reviews, check ins, videos, and pictures from popular social media sites like Yelp, Tripadvisor, Facebook, Twitter, Instagram, YouTube, and Foursquare.
Strong media coverage including a large PR/Marketing campaign with TV / Media crews should start up soon, touting and highlighting the new flagship franchise model Midtown location.
Furthermore, Snakes and Lattes hosted weekly events at Cineplex Inc.'s the Rec Room, a huge gaming and entertainment facility, which brought more awareness and exposure to the brand.
There are far too many mentions of Snakes and Lattes in various articles covering the gaming community to list. A quick Google search will show just how strong a presence Snakes and Lattes has.
Snakes and Lattes has exclusive distribution rights on popular game titles, including mega hits like Cards Against Humanity. Orders from gigantic retailers like Indigo Chapters (Barnes and Noble of Canada), Amazon, and other assumed names like Wal Mart and Target, must contact Snakes and Lattes if they want to order board game titles for their stores to resell. Therefore, merchandising managers at the highest levels of these mega retailers have to be familiar with Snakes and Lattes.
Their distribution fulfillment center has even garnered attention from the most influential blogger within the board game fulfillment sphere, Jamey Stegmaier.
A publishing division has been established and their first self published title has been agreed upon with a secured $200,000 signing bonus. Could Snakes and Lattes publishing division become the next Hasbro or Mattel?
The GROzone division has continued gaining widespread attention, starting with an announced partnership with the publicly traded non OTC company RotoGro International. And AMFE's Gro3 Antimicrobial System unit is very likely being talked about within the marijuana grow circles and as Roger Mortimer (CEO of AMFE) has stated...they're already in discussions with the largest growers in the inner circles.
A showroom demonstrating the Gro3 unit has been established (Michigan I believe?), and another “pop up” demo site is supposed to be coming to CA as well.
For growers to keep a competitive edge within their industry, Gro3 hasn’t been explicitly mentioned, but some have discovered through filings and connecting the dots that RotoGro/Gro3 has been outfitted in a few large grow facilities. The company has also announced a few large PO’s for Gro3 units.
Natural Stuff Inc. was acquired and is a newly added division under the AMFE umbrella. NSI is a well established beverage distribution company for which AMFE will take over the reigns. They service over 300 clients and feature exclusive distribution rights for a popular energy drink called 28 Black.
Whether people know about the opportunity to invest in Snakes and Lattes or not, under the publicly traded stock symbol AMFE, having locations in highly populated and well travelled commercial areas help bring brand awareness which is key for public awareness and exposure. With the Gro3 unit being on the cover of a popular publication within the MJ sector in June 2017's issue, and multiple purchase orders for Gro3 units in place, the Gro3 division is ever gaining momentum and attention. Natural Stuff Inc brings AMFE into the beverage sector and just made 300+ clients they service aware of AMFE.
Bottom line, AMFE has some amazing exposure and their service and products are getting major brand awareness, making us one of the top dogs in the board game entertainment sector, MJ sector, and beverage sectors. And with the success we're seeing right now with the Snakes and Lattes cafes and their distribution fulfillment center, you can be assured that we're getting big time saturation in the market and making way for much further growth within both areas, and who knows what else. One thing seems certain: exposure leads to opportunity galore!
My last score was 7 out of 10. Now it’s 8 out of 10 because of the newly opened franchise model Midtown Snakes and Lattes location, franchising plan in place, the newly established publishing division of Snakes and Lattes, new demo showrooms for Gro3, and the newly acquired Natural Stuff Inc beverage / snack distribution division. So, with all of this incredible exposure, why only 8 out of 10 from me? Because in the grand scheme of things, AMFE is an investment for me and it's the stock symbol that needs to have better exposure. Over time this has improved and will continue growing rapidly. But the stock symbol AMFE isn’t quite an in your face investment opportunity that everyone knows about like AMZN, AAPL, FB, or TSLA to name a few.
40% IMAGE- I give AMFE a 9 out of 10 for S&L, GROzone, Natural Stuff Inc., and our CEO.
S&L
Board game cafes are increasingly becoming very popular. The millennial generation is making it cool again to play board games and have social interaction. Gaming in general has become a lifestyle for many. Best of all, gaming is fun!
For those who make it a lifestyle:
Who doesn't want to be known as the fun person within a group?
Who doesn't want to be seen as a trend setter having fun, gathering a group of friends to play games, drink, eat, and be merry.
New trends are being set in the gaming community and an ever changing society. It's cool again to nerd out a little while having fun with board games, and last I checked, who doesn't want to be cool?
GROzone
In an ever changing society of those looking for healthy organic options with everyday products they use, there's a growing issue in the marijuana industry with traces of pesticides, fungus, mould, and other harmful pathogens being found in the marijuana flowers.
What consumer wants to risk inhaling or ingesting harmful pathogens?
What grower wants to have a lawsuit on hand?
What grower wants to have their crop confiscated when regulations are passed down on quality control and testing?
Answer: None
Enter the Gro3 Antimicrobial System. It provides THE solution for marijuana growers to cultivate a completely organic crop, thus solving the issues mentioned above.
Natural Stuff Inc. and CEO Roger Mortimer
Amongst the cesspool of disingenuous and shady company insiders of stocks trading on the OTC, you find a ray of hope every now and then. Enter Roger Mortimer. This guy has shown time and again that he can execute on the game plan he's outlined in press. The transparency is there, the honest intent on bringing shareholders value is there, and the smarts of a solid businessman are there, all openly displayed as can be proven from the storyline starting from tweets, leading into press, and ultimately showing up in SEC filings.
Additionally, Roger Mortimer demonstrated empathy combined with savy business acumen, when he recently acquired Natural Stuff Inc and kept the previous business owner Silvano Racioppo on board in a leadership / advisory position. To understand how this acquisition shows empathy and savy business acumen, read the press release about this acquisition: http://m.marketwired.com/press-release/amfil-technologies-inc-announces-the-acquisition-natural-stuff-inc-distributors-28-black-otc-pink-amfe-2239045.htm
Overall, the company has a very healthy image. They are perceived as offering innocent fun with their board game cafes Snakes and Lattes and providing a safe place for the gamer lifestyle in every one of us. Their gaming fulfillment center is seen as being tops and 100% reliable, thus the large purchase orders coming in to date, and the exclusive distribution rights awarded the company with mega successful titles. They're doing the right thing by responsibly providing THE solution to an ever growing problem within the marijuana grow industry. And lastly, our leader in Roger Mortimer is executing beautifully while maintaining a softer human side.
With this overall image, one can confidently move forward with this investment opportunity and know there is a very strong chance of seeing solid returns for possible years to come. And what investor doesn't want that?
10% PERFORMANCE - I give AMFE a 9 out of 10
If we're talking about earnings performance, one only needs to look at the reported financials to see that the revenues are rapidly increasing across the multiple divisions. Check out year over year 2017 / 2018
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
If we're talking about product performance, we'd be focusing more on the GRO3 unit which has already passed product review by an accredited USDA certifying agent. We must conclude that the grow industry sees this as fact, based on the stringent testing methods used. Additionally, RotoGro must have vetted this unit to their satisfaction before singing an agreement with AMFE. In other words, it works!
If we're talking about stock performance, I can tell you first hand as an investor that AMFE has not disappointed in the least. There have been great opportunities for those that bought early and held, and great opportunities for those that bought on dips or have initiated new positions. I don't see AMFE as a flipping stock, and generally those are the hardest to make money on anyway, due to the volatility. AMFE trades more like a big board stock, but still has the excitement and growth potential for tremendous gains that draw investors to the OTC markets.
Generally speaking, as stated earlier, less emphasis is put on performance as that should be assumed and comes more easily when image and exposure are strong. Since both image and exposure are relatively strong, I expect performance to keep following suit.
Overall PIE analysis on AMFE is extremely positive and keeps me invested long.
Long AMFE
Rec
Manipulation happens at all levels of the market, and sometimes keeps a stock price stagnant. But if a company is doing the right things and wants its shareholders to realize increased value, manipulation can only keep a stock price at bay for so long.
So let’s examine what the company is doing to ensure sustainable increased shareholder value.
I’ll preface with this...
There’s no way of knowing if the stock price IS being manipulated and for what purpose. And one can’t control the individual actions of others when it comes to buys or sells anyway.
Let’s take a look now...starting with the CEO’s actions, past, present, and future.
Past:
Roger Mortimer has stated through various avenues that he wishes to bring shareholders maximum value. He’s also taken action to support this desire by reducing the O/S and favorably setting the share structure. Profits from the company’s business have largely been used for expansion instead of issuing shares to build out infrastructure and open new brick and mortar retail locations, including the flagship franchise model Snakes and Lattes Midtown. Within Snakes and Lattes, there is also a division of publishing and distribution.
Present:
Franchising is in place and a voluntarily audit has been ordered and initiated on the company to bring further transparency, while working to uplist to a higher exchange.
Future:
Roger Mortimer has stated the possibility of further reductions in the share structure and hinted at a share buy back.
What does all this mean?
Past:
A company’s share structure must be realistic in order to draw investment from the upper echelons. Roger Mortimer has done an excellent job managing this and maintaining a favorable share structure through share reductions over the last year. Basic law of supply vs demand comes into play when the company creates demand for its shares. The demand has far outweighed the supply over the last year as we’ve seen the PPS move from sub penny to mid teens.
Additionally, expansion has taken place by re-investing profits to fund the companies growth instead of on the backs of its shareholders via massive dilution.
A distribution channel has been established to ensure recurring revenues outside of the standard brick and mortar. Exclusivity on popular gaming titles has contributed heavily to the bottom line.
A publishing division has also been established. No games have been published yet, so this could fall into future guidance. But it was established last fall, thus listed under past.
These actions over the last year were huge when it came toward maximizing early shareholders value. They will ultimately be looked back upon as key decisions that helped make the company rather break it.
Present:
Franchising has started. This growth and expansion will be at the financial cost of the franchisee vs corporate. However, corporate will realize a percentage of the profits coming from all future franchises.
Franchising changes the scales of economy and tips in favor of corporate. More profits will be realized at the corporate level from the franchise locations with less of those profits needing to be utilized toward expansion and growth.
This is why it was so important that the flagship franchise model be absolutely perfect, and self funded. 20/20 hindsight, the delays were worth it!
Speaking of “delays”, in hindsight, once the audit is completed, it will be well worth it!
The audit leads to the uplist. The uplist opens investment opportunities to a larger community with much stronger and more powerful buying power.
I would imagine that present actions with franchising and audit/uplist will assist in taking the share price to higher levels.
Future:
As more profits are realized and held at the corporate level, some of those funds could go toward a share buy back to increase shareholder value if the PPS is not at the levels the CEO wishes for his investors.
However, a buyback may not be the first option. Healthy profits can be used toward other efforts like marketing, that would ultimately help draw attention toward the company and the opportunity for investment.
Lastly, I offer these comments only based on the Snakes and Lattes brick and mortar retail division. There are other large revenue producing divisions in Gro3, Natural Stuff Inc., and Interlockings (which will be spun off into a separate entity and shareholders will receive dividend shares in that new entity), that multiply the potential for increased shareholder value.
So, present day manipulation / PPS stagnation and all...there are plenty of reasons to stay invested long term to realize much more return on investment, and Roger Mortimer has proved it to early shareholders, is proving it to current shareholders, and will prove it through his continued actions to future shareholders.
I don’t see this as a day trade or short term play. This is an investment and deserves a long term outlook based on my views. Long term outlooks generally pay no attention to intraday price swings or mid term PPS stagnation potentially caused by “manipulation”.
Long AMFE
Rec
Just getting started here. Holding to see what company moves into this pristine clean shell.
The share structure is such, that any “hot sector” entity moving into the DFCO shell here, could have early investors positioned very nicely for huge returns.
Patiently holding on to this one.
Go DFCO
Rec
2/14/18 Press release attached to FY Q2 2018 financials:
Amfil Technologies Inc. Announces Fiscal Q2 2018 Revenues up 114% year over year to $3,307,549Press Release | 02/14/2018
Amfil Technologies Inc. (OTC: AMFE) is pleased to provide our shareholders with a summary of our 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. Cash on hand as at December 31st 2017 was $352,213 with $74,484 in Prepaid Expenses, $484,243 in Accounts Receivable, $2,927,595 in Inventory and $2,742,279 in Property & Equipment putting the company at $6,580,814 in Total Assets. The company ended the quarter profitable with $1,518,337 in Gross Profit which was heavily reinvested in the construction, staffing, and general/admin costs associated with the opening of Midtown, the largest location to date, leaving a net income of $88,766.
Q2 has historically been the largest revenue generating quarter for the Snakes & Lattes Inc. subsidiary which currently has the largest impact on the overall companys financial statements. This year however, some retailers placed larger orders through the distribution arm in Q1, and these orders were received, fulfilled, and shipped during the first fiscal quarter resulting in Q1 absorbing the majority of the holiday sales spike. These increased purchase orders from a few large retailers in Q1 ended up being their holiday season stock and therefore the re-orders did not appear in Q2 but are anticipated for Q3 and Q4. The Q2 revenue numbers also do not include a number of large sales made during the quarter, where the contract was not fully completed or fulfilled by the end of the quarter and therefore not recognized in Q2.
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.
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. We therefore anticipate further positive impact moving forward as additional retail locations continue to open this year. 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. 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.
The acquisition of Natural Stuff Inc. was completed midway through the quarter and only minimally contributed to overall company revenues. We are anticipating this subsidiary to grow and expand moving forward as a result of a number of major achievements made since the acquisition. A number of new accounts have recently been opened by Natural Stuff Inc. and additional product lines have been added to the pipeline of distributed products. Further details related to this subsidiary will be made public in a detailed and stand alone press release in the near future.
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. We are still awaiting the finalization of the company audit in order to uplist. After recent discussions with the auditors, we are expecting completion of audit and uplist very soon.
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Announces-Fiscal-Q2-2018-Revenues-up-114-year-over-year-to-3307549?id=183531
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
All I see is sustained steady growth.
Long AMFE
Rec