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Just added at .591. I honestly cannot believe I am still able to invest at such a ridiculous pps.
Buying AMFE with a market cap of $29 M (1.9 X Trailing revenues) is absolute common sense. Without any exaggeration, I believe that AMFE's adequate market cap should reflect the speed at which it is growing revenues and the complete lack of dilution. There are many more reasons as the ones generously provided by Mr Plowmaster as we all know, but these two alone are sufficient to valorize the company in the $0.10 range ($50 M Market cap at a 3.5 Trailing revenues) in my opinion.
Now add the dozen or so other awesome reasons to buy, and apply a 3.5 multiple to a forward estimated annual revenue figure of say just $20 M, and what do we have? A justified pps of $0.14 or a market value of $70 M.
In fact, I just bought more AMFE this morning under 6 cents when it is really worth today at least 14 cents!
I don't know what a few of you guys are looking at, but I sincerely believe that the above is correct, and that once the fins are provided, the pps will correct itself very quickly.
No it is not easy to reconcile multiple companies in different countries, but if there aren't any legal reasons as to why they cannot inform shareholders of the progress, then I would be seriously disappointed.
I'm with you there.
When the fins finally drop, my main interest will be to find out WHY they dropped so late. If the reason is totally legitimate, then I will continue to support the company. If there are no specific reasons and just mismanagement from the accountants for example, I will be quite upset and sell my position entirely.
This statement is equally true as it is false, and it is a perfect example of "is the glass half full or half empty", but I do get your point.
Given all the infos that have been gathered (I mean facts and there are tons, and they are almost all positive and revenue generating), and considering that we are in pinky land, I find it quite difficult to not throw some support behind this company. The way I see it, shareholders are being rewarded by having ample opportunities to load up at a ridiculous 1.8 X trailing revenues, which if the trend was to continue, would look more like 1.1 X forward revenues. We all know that a multiple under 3.5/4 for a company with fast growing revenues would be appropriate. So here is my take: I don't care when the fins drop, as long as they drop after I'm done loading, and I'm not quite done yet...
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"Loyal shareholders are getting spanked not rewarded. "
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I will gladly buy a box of Kleenex for everyone who are missing the AMFE boat, and you will need it! When the fins are dropped, the gap up will feel like the wailing wall for those who did not see the light.
I would not be loading up if I was joking. Buying AMFE shares at a $28 million market cap is like manna falling from the sky. You are looking at a 1.8 times revenues!!! Any cheaper and I would consider buying the whole company!
Decaying?? Shareholders gobbled up more than 1 Million shares the first hour of business yesterday and you call that "decaying"? I call that MAJOR shareholder support because WE KNOW where "this thing" is going. Follow the money, as in the money that is entering AMFE's bank accounts and you will see the light!
Pardon my lack of clarity this morning but can anyone quantify in US. dollars what AMFE is getting out of all these fulfillment orders?
Shareholders gobbled up more than 1 Million shares the first hour!
Getting really close now, about to pop! So exciting!
Thanks TOAD.
Bought at .058 this morning, looking at .068 at close of day: up 17% in a few hours. It's that simple folks.
I said so this morning: With the RSI at 28, she's about to pop, and today's volume is confirming exactly that, imho. Imagine the gap the moment the fins are released...
Last time I checked, The CEO gets the credit for accomplishments. I don't care about who does what as long as it is done! When I hired a manager to run my second restaurant, did he get the credit? No, he didn't , I did because I owned the place and was the CEO, period. And to top it all off, Tempe and Midtown are going strong.
I'm happy to be a shareholder because I know what I own.
He's already proven that in my book. I've owned 2 restaurants for a couple of decades and I can tell you this: I cleared 15% from sales WITHOUT charging $8 per head for a seat. Snakes and Lattes format is built to keep the excitement up and make money, pure and simple. Keep in mind that the cost of building/scaling the company is being done without meaningful dilution.
With the RSI at 28, it is already in oversold territory, and if you look at the chart, it always takes off plenty after hitting RSI under 30. That tells me only one thing: She's about to take off!
YES! Just added some 58's to my stack! I'm so excited!
62's are particularly sweet this morning! Had to load more!
Again, my original post questioned your assumption that if the debts were discharged, Roger could not legally pay the creditors after the fact.
I beg to differ.
I am not an attorney, but I believe that chapter 11 requires a plan of reorganization. Is it possible that, under such a plan, Morning would in fact have satisfied that plan requirement by proposing the sale of their company to AMFE, and AMFE would have paid off creditors as you would have correctly suggested, with shareholders money in addition to the 150,000 Euro payment? In this scenario, wouldn't the sale be entirely on the up and up? As I said earlier, 150,000 Euro really isn't much...
I am not aware of any legal documents that can back that up. If you do, please post. If you do not, what you are saying is a theory. Nothing wrong with that, but it remains a theory.
If the debts were discharged, then they were discharged, end of story. We will all know the details at some point anyway.
I do not believe that I have read anywhere that Morning jumped their creditors. This is just an assumption and not a fact, unless a link can be posted to back it up. Do you have a link available?
Now, I am not an attorney, but I have purchased a business 22 years ago and assumed the liabilities, present and future. I did so by purchasing 100% of the stock as opposed to buying the assets (I am assuming that everyone here knows the difference between an asset sale and a stock sale). By doing so, I was able to negotiate an amazing sale price and terrific terms that I would have never obtained otherwise, and obtained the written personal guaranties from the sellers in regard to future unknown liabilities. For your info, all previous liabilities were properly paid off, not a single creditor was "jumped", and no "future" liabilities ever occurred.
Is it possible that the 150,000 Euro sale price could have also been processed as a stock sale? This price is so low that I have to question weather it included or not, a full pay off to creditors. I think that it is quite possible that the bankruptcy was a chapter 11 reorganization, where AMFE possibly agreed to assume the terms of the bankruptcy, and therefore pay off all creditors under bankruptcy rules. This is of course my own opinion.
So is it possible that this deal was completely on the up and up?
Is it possible that AMFE is building a long lasting and potentially crazy profitable asset?
This article is 5 weeks old!
Instead of a pump, what it should have said is "imminent and absolute collapse of the stock price is about to happen. Investors, be advised that trying to catch a fast falling knife can and will be dangerous to your health"...
It is hard to believe that, even at this level, MCIG still has a market cap of almost $40 Million. I can't quantify $10 million, can anyone?
True, but aren't some of the assets being sold off as announced recently, to slow down price dilution? The list of assets is the reason why I am valuing the company at a 1.5 times revenue, otherwise my valuation would fall even more. This company might have a chance at redemption, but the current pps is already reflecting absolute success, which I believe is extremely dangerous to assume at this time.
There is no way, under any standard, that TRTC could be valued at 3.5 X revenues! This multiplier is reserved for very successful companies, which TRTC is not. With the gigantic mountain of past and present losses, and the constant dilution of the stock, TRTC should be valued at about 1.5 times revenues, at best. This would bring the pps down to around .45. This is my opinion and I can't imagine that it will change anytime in the near future. Too little too late...
The article may have mixed up TERRATECH CORP (which IS NOT part of the ETF) for TERRASCEND CORP (which IS part of the etf) ?
Thanks De302, and right back at you!
New shareholder here! Starting position at .073 this morning. I just don't believe it will go much lower before taking off for good.
For those of you who think that the audit is taking an unreasonable amount of time, check out POTN who is a fully reporting company and that just released their 2018 audited results only 3 or 4 days ago!
The audit is about to be released, I am certain of it, then watch out.
AMFE is about 30% undervalued at this point WITHOUT audited results.
I believe the pps will take off in a big way once the audit is released.
And of course, this is all my own opinion.
Plow, thank you for the awesome comments/infos you are providing on this board. Your posts are actually one the the main reason I am preparing to pull the trigger.
You mention 1 million + transactions. I do not feel that each individual transaction is being audited. What would be audited are the P&L's, balance sheets, register tape rolls and Point of Sales report to match, and all expense reports. I owned a few restaurants/bars in the past, and I can assure you that individual tickets do not come into account during an audit. What an S&L audit might be looking for, for example, would be making sure that income, food cost, bar cost and labor costs actually jive, and prove that the books are on the up and up. What I am trying to say, is reconciliation of 3 small entities should not take this long. Something doesn't jive in my opinion.
Thanks for your comment Alleggsone.
Yes I do agree that the lack of fins are one of the main reason for the pps declining. However, most OTC companies with similar growth do not require audited financials for the pps to reflect revenue growth. Audited fins provide an additional legal confirmation that the stated revenues are for real, and should contribute to additional pps growth above and beyond.
It's been great?
If I had lost over 50% of my investment over 15 months, I wouldn't be feeling so great.
So far, I haven't heard a single reason as to why the pps is dropping so darn fast and systematically.
Something doesn't jive...
Very strange situation here. Revenues have been going gang ho for at least the past 15 months, and the pps has dropped by more than 50% during that time. I am aware of the stop sign, but that alone does not explain the drop. I dug and dug but I can't come up with an explanation. The company is not even diluting!
I am looking for an entry point here, but the pps doesn't seem to have found a strong bottom yet.
If this is the best news they got, the pps will go right back down to 6 within 2 weeks...
This kind of PR will not create volume, and no volume, no growth in the pps.
Oh I get it, they decided to make hemp cigarettes with the burned up hemp they have an abundance of!
Hemp cigarettes??? Hahaha, no wonder MCIG is failing!
Whoever came up with this idea should be fired.
This company used to be a top contender, but execution has been a complete disaster.
Kay delivered nothing but wind. We are used to wind on this board, as you know.
WHERE IS THE 8-K?
Kay sure likes to use big words, like "Millions", "Billions", and yes, "Trillions" too!
Like that would give him back the credibility he lost long ago.
Barely a tiny dead cat bounce. Shareholders have had enough of the same old song imo.
Too much money has been lost on SFOR.
Gravity is unescapable...
Looks to me like the "imploding" started last week, and is on a downhill spiral now...
Someone is suck with a one track mind. YES, they planned to champion NJ 5 YEARS AGO. But, a lot of water has gone through that bridge since 2014. TRTC failed to obtain licences and therefore will not be able to operate the facilities they own in NJ.
Pretty sure that Derek is planning on selling many of the NJ assets to fuel California growth.
Dreamers get slaughtered, and using a 5 year old PR to justify current actions is ridiculous at best...
Darn good question!