Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Isnt the bid wall where you sell your shares? Someone correct me if im wrong here. If you feel comfortable selling your shares... its up to you i guess, but you might be playing with fire...
AMFE recently broke the .10 barrier and we sit currently at .1490-95, if we break .15 we will be testing the .20s very quickly.
.15 looms closer and closer!
Amfil Technologies Inc. Announces Purchase Order Commitment for EcoPr03 GRO3 Systems & Roto-Gro Units
TORONTO, ON--(Marketwired - Jul 20, 2017) - Amfil Technologies Inc. (OTC PINK: AMFE) is pleased to announce that its sales team has received a purchase order commitment to outfit a portion of an up and coming Canadian cannabis cultivator with 5 EcoPrO3 GRO3 Antimicrobial Systems as well as 100 Roto-Gro Hydroponic Systems.
The EcoPrO3 GRO3 and Roto-Gro systems will be integrated into a designated area of this new facility, intended for producing organic cannabis products. The new facility is in development and is located in Ontario, Canada. The proposed setup for the Roto-Gro + EcoPrO3 GRO3 technology will have each EcoPrO3 GRO3 system servicing 20 Roto-Gro hydroponic systems. There will be a total of 5 'sets' of 20 Roto-Gro hydroponic units with a dedicated EcoPrO3 GRO3 system servicing each group. We have received indication that this will likely just be the initial order, with opportunity to expand further into the facility once it is fully operational. Further details on this product roll-out will be announced once the final installation specifications including layouts, electrical, and plumbing requirements are confirmed and the final deal is signed. Further information will include cultivator details, estimated facility open date, product delivery/installation dates etc. The total value of this initial purchase order is $1.15 Million.
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc--Announces-Purchase-Order-Commitment-for-EcoPr03-GRO3-Systems--amp--Roto-Gro-Units?id=165047&b=y
Amfil Technologies Inc. Announces Shareholder Dividend From Subsidiary Spin-Off
TORONTO, ON--(Marketwired - Jun 21, 2017) - Amfil Technologies Inc. (OTC PINK: AMFE) is pleased to announce that it has decided to spin-off the Interloc-Kings Inc. subsidiary into a new public entity, leaving Snakes & Lattes Inc. and GROzone as subsidiaries of Amfil Technologies Inc. (AMFE). In conjunction with the spin-off, shareholders will be awarded with a one-time share dividend in the newly formed entity based upon their holdings of Amfil Technologies Inc.
Overview:
Interloc-Kings Inc. will spin-off into a new public entity
Snakes & Lattes Inc. and GROzone will remain as subsidiaries of Amfil Technologies Inc. (AMFE)
Shareholders of Amfil Technologies Inc. will retain all holdings in Amfil and in addition will be awarded shares in the newly formed entity.
Management is in the process of reviewing an acquisition for the new entity which would significantly increase shareholder value.
Further details relating to plans for the new entity will be released as they develop.
The spin-off will occur upon completion of the previously announced company audit, form-10 re-registration to become fully SEC reporting, and up-list submission once our fiscal year-end June 30th 2017 is completed. Management will determine a record date, all shareholders of Amfil Technologies Inc. (AMFE) on the record date will then be awarded a pro-rata share dividend of the new entity which will house Interloc-Kings Inc., the amount of which will be based upon their holdings in AMFE. Amfil's management feels that the spin-off of Interloc-Kings Inc. is the perfect opportunity to provide a well deserved bonus to our loyal shareholders, with potential for significant growth moving forward for their holdings in both entities.
The new public entity will execute the same proven business strategy which has been successfully implemented by the Amfil Technologies Inc. management team. Management is currently reviewing the viability of an acquisition with revenue growth potential that could parallel that of the Snakes & Lattes Inc. acquisition completed by Amfil Technologies Inc. in September 2016.
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc--Announces-Shareholder-Dividend-From-Subsidiary-Spin-Off?id=162673&b=y
Its not too late for you to join! AMFE is going to the moon!
Is ASCM the most hostile of the MM's? It feels that whenever they are on the board, the price has a lot more trouble going up.
Why do I get the feeling that those 5k shares should have been bought by now?
It looks like they are going to use that company to acquire another company, and then publicly trade that one. Then they would issue a dividend from that company. If I understood it correctly.
Near term catalysts:
1) Info regarding Dividends.
2) quarterly and yearly reports
3) info regarding audit
4) uplist
5) possible buyback/ share reduction
6) opening of 3rd S&L location
7) info regarding the new branch of S&L (publishing games)
8) info on more deals with more stores purchasing games S&L holds exclusive distribution rights to
9) info on more deals with Gro3
Am i missing anything?
Its all good lol. I learned a lot about the topic lol
Thank you for recognizing the value of a conversation. Many people seem to think that if someone differs or questions something, it is done with an evil intent, when the truth is that many people raise questions to learn, or repeat things because they thought that they learned. If there is no ill intent, then all questions should be answered in order to teach.
I claim to know very few things. Ive said time and time again that i have no knowledge of TA except what i read from this board. I do nit make my buying or selling decisions based on that or any technical analysis to be honest.
All I know is that this stock has tremendous potential, and I firmly believe that. All my spendable money has gone into this stock and it is the best decision I have made.
That said, I do like to try to predict how the stock will move based on the *LITTLE* (God, how many times must I emphasize this?) knowledge I think I have learned while reading this board. If I say something that is wrong, someone more knowledgeable than myself will correct me, and I will learn. If nobody corrects me, then that means that I have learned.
Is there anything else you want me to clarify?
From a noob's perspective:
The RSI was touted as a very helpful indicator way back when the price was still in its .06-07 range. One of the helpful comments would be something along the lines of "the RSI is only at 30! Its gonna run!"
And run it did. So when someone says, wait, the RSI is hot, it is natural to asume it is a bad thing, because comments relating to the RSI where right before.
I would like to thank you for such an informative post. I am very new to investing. My knowledge is basically derived from what I read on this board vs what I read from the original source vs my own common sense, which comes with a HUGE asterisk due to my poor knowledge. Every time someone makes such an informative post, my own knowledge and perspective increases. So thank you.
If you do, please let us know. We have been looking for negatives for a long time as well!
Check out this awesome timeline made by one of the members of this group. It has tons of key points, sources included.
http://cdn.knightlab.com/libs/timeline3/latest/embed/index.html?source=1TiJ1DtmXaTdwJaR8IRhy9LMnE_tlxbCtkF17E2afR18&font=Default&lang=en&initial_zoom=2&height=650
Hate to be the guy that rains on the parade, but really it depends on the fins and whether or not it is to the market's liking. If the fins are not that impressive, a correction is coming. I think we can all agree on that.
Of course, given all the information we know, the likelihood of the fins not being that good are extremely small, but then again, how many times has the stock dropped even on wonderful news?
This is a timeline of most of the key points in the last year of AMFE. Makes you realize how much has changed in LESS than 1 year, and how early we are STILL at the party
http://cdn.knightlab.com/libs/timeline3/latest/embed/index.html?source=1TiJ1DtmXaTdwJaR8IRhy9LMnE_tlxbCtkF17E2afR18&font=Default&lang=en&initial_zoom=2&height=650
I wont underestimate technical analysis. I know some people can read the charts and predict what will happen, and some are very good at it too.
I however wont sell one share until the fundamentals change or the price hits my sweet spot. That said, I will prepare some powder and if the stock does go down to the .10 range, even .115-120 I will buy more.
I wish it hit .12 or .10. I placed all the money i had when it was at .075 and I would do it again at .10 lol
The board is uncommonly quiet after the short burst of tweets. I thought they were good. Looks like the company is extremely confident in what they will show.
Then again, we all knew that this quarter would be a monster, since its the first to show a number of deals reported.
As a side note, its good to see other articles starting to crop up. I especially liked this part:
"The trend of friends going out to locations to play board games is very real, and growing rapidly. You see this on much smaller extent in bars in Brooklyn, or cafes in Manhattan, but AMFE has taken it a step further to make it a specific themed location, and it is paying off bigtime."
This quote acknowledges the fear that most penny stocks are only selling on dreams, and reinforces the idea that they are based on a REAL business with REAL customers/money.
My answer to your question is "potential". Every stock claims to have potential, and technically they do, but few ever deliver on that potential with results, which makes their claims merely sweet dreams.
Snakes has an incredible amount of potential, but they have backed it up with results, which is what makes it stand out. They are making money, and it looks like they have hit on the formula which will allow them to multiply their money. They also have the potential to grow into something much bigger than that which they already are. I have to differentiate AMFE's potential from any other penny stock's potential, because AMFE brings something concrete to the table. Its the fine line where you distinguish "potential" from "planned result". The company has already laid its plan for the future and given us a glimpse of it. We know what will happen, we just need to wait until it does.
GRO3 has the same outlook. Roger made an excellent analogy when compared Grozone with the picks and shovels of the gold rush era. Up until that point I did not honestly envision GRO3 to be that important, but now I see what they are aiming for and the business just screams "potential". It used to only be a sweet dream, but with their new deal, it now can be said to be a "planned result".
AMFE is not a pump and dump! It has been growing steadily all year and maintaining gains! The stock is moving on fundamentals! We are still in the middle of a growth spurt and might see .20s next week! Visit our board, there is plenty of DD done and digested for all to see!
I find it interesting how the pr specifies that this marks the official entry to the cannabis market.
Does this mean that we where not focusing on this market before? Is this the hint of a new marketing campaign (not only for the Eco3 but also the stock)?
So, did you guys open a Facebook page? Whats the name?
Just as Rocket said, we should value negative posters. This board is full of longs (obviously lol) and does not appreciate when questions are made, even when done in good faith. I know this first hand.
Its fine to defend a position, and indeed I hope that once a question is raised we can answer it as soon as possible with facts, but we should do so in such a way that we encourage other posters to ask questions instead of encouraging them to stay quiet.
The best thing this board has is the HUGE amount of DD which has already been researched and digested thanks to the efforts of Rocket and others. Its very easy to slap the questions away with all of the information we have readily available. Therefore we should welcome all questions. Thats the easiest way to turn a basher into an investor.
Woah unexpected hit!
For technical traders, the RSI Line (1day) sits at 45.24. Still plenty of room.
If im incorrect please feel free to correct me. I am just making assumptions based on things I read.
I wonder what our new floor is as of now
I was gonna finish by saying that Im not selling one share yet! I know this baby has a looong way ti go!
This is so true. I am a rookie trader, and I almost found this by chance. The one thing that pulled me in was that AMFE did not sell you dreams, they presented results. Snakes is real.
After I started frequenting the board, I couldn't help but notice that every question raised was answered with facts, not with evasive or non answers. I soon found myself selling every other position and pouring it all on AMFE. Not only that, I also took out a small loan of 3k and invested it here. Im happy to say that I have nearly 91% in total gains!I've almost doubled my position!But I am not sel
Looks like the initial storm quieted down lol
An old article from june 20, explaining the history up until that point:
Amfil Technologies Inc (OTCMKTS:AMFE) would be forgiven for putting last year firmly to the back of their mind as a steady downward trend in the first half of 2016 left the share price floundering at $0.0015, before gaining back some of those losses in the latter part of the year closing at $0.0081 on December 27th. This year however has been quite the opposite to say the least as evidenced by a daily chart that one can only dream of.
The bullish momentum continued from the back end of 2016 into the very beginning of 2017, taking very little pause to rest on its quick ascent up, even the red days have large lower wicks showing bulls buying the dip at any available opportunity. New highs for the year were set on Feb 8th at $0.0290, with the first significant profit taking happening on this day as evidenced by the large upper wick. This was followed by some much needed healthy consolidation as the price pulled back to the $0.0140 area in early March, but more importantly it found a solid support line in the 50 day Moving Average. After multiple bounces off this support line and even after breaking it on March 8th, its validity was confirmed as the bulls showed up with gusto the following day. From then on it was followed by another steep bull leg up to a high of $0.0953 on the 2nd of may before the bearish MACD cross finally occurred leading to a moderate pullback towards the 50MA line. The price currently sits at $0.0790 and again has the comfort of that 50MA support line just below it.
Amfil Technologies Inc (OTCMKTS:AMFE) took a new business approach beginning in 2013 when management changed. The company now focuses primarily on the acquisition of income generating private companies and optimizing their operations under the Amfil Technologies umbrella.
Amfil is focused on growing shareholder value by allowing investors access to self-sustaining small to medium sized businesses with proven profitable strategies, and identified as having substantial potential for future growth. AMFE seeks to achieve long-term financial returns consisting of regular dividend income, benefiting from preferential tax treatment, and expecting modest mid-to-long term capital growth. Amfil Technologies primarily invests in small to mid-sized companies with above average service capacity, growth potential or existing market share.
The company has three subsidiaries , the first being Interloc-Kings which is an established hardscape construction and winter services provider to the Greater Toronto area & York Region, in Ontario, Canada. The second, Snakes & Lagers and Snakes & Lattes are the operators of board game themed bars and cafes in downtown Toronto, Ontario, Canada. The third and the one that is most relevant at the moment is Grozone. Amfil has developed the mPact GROZONE Antimicrobial System which is an ozone based antimicrobial/sanitization technology, specifically designed and calibrated for the medical and legal recreational marijuana industry. The system provides an environmentally friendly solution to eliminate pests, bacteria and mold from grow facilities whilst reducing /eliminating the need for chemicals or pesticides. With the Marijuana industry set to take off once again this year, the company stands to generate significant revenue with this essential waste mitigation system. The target market has since expanded from the medical marijuana into the recreational sector as more states have adopted legalization, and is also used in facilities processing extracts and producing edible products to ensure they adhere to stringent food/drug safety standards and regulation. GROzone was developed from the existing mPact ozone technology which has been servicing the food/ beverage industry for years with successful installations for major clients such as Pepsi, Nestle, Sun Pacific and Sysco Foods.
This is obviously great news for AMFE and explains the continued surge in their stock price this year with exciting times ahead as Green Rush 2.0 kicks off. After the pullback in May and early June, this could be the ideal opportunity for investors looking to get in with the RSI cooled off, the trusty 50MA acting as support and potential MACD bullcross in close sight. For continuing coverage on shares of Amfil Technologies stock, as well as our other hot breakout picks, sign up for our free newsletter today and get our next hot stock pick!
http://oracledispatch.com/2017/06/20/away-amfil-technologies-inc-otcmktsamfe/
Wow just wow!
At this pace we will eat through the .14s before lunch time lol
We are testing the ceiling now... break through, and who knows where we will climb to next!
Its definitely shaping up to be a great day!
Looks like .135 is our current ceiling