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I suppose exploring the topic and the financial aspects of it could be a question in the interview.
At this point, I'll give Roger the benefit of the doubt that he sees an opportunity and it's worth it.
He has given no reason to doubt him so far and no going to be a backseat driver.
-PM
Small correction to what you wrote on the uplist date due June 30, the PR verbiage is:
"We would like to time this process if possible with our fiscal year end 2017, being June 30th 2017 or shortly thereafter."
Just to make sure expectations are correct. I have no doubt it will happen, but don't want folks to worry if it doesn't happen exactly by June 30. :)
PM
If this makes you so nervous on a single day, you might want to think about different ways to invest your money. Nervousness + OTC stocks = lose your money most the time.
Not attacking you at all, just saying it's extremely important to be able to stay even minded on the ups and downs. It looks like you invested maybe $15k back in early April so you should have a nice position. I learned some hard lessons giving in to nerves over the years as well as not selling when I should have.
If you are not sinking more money into it by buying dips, My advice would be not look at the stock at all and come back in 10 weeks to check in. You don't want to stress this churn and you don't want to sell anytime soon anyway.
$AMFE
Hello, I heard the name of this stock on another board. Trying to find info. There is no news on otc markets.com or in ihub and all the financial seem to be old, now delinquent.
Can someone please tell me what is this stocks business model is and links to any info I can read, or anywhere I can get info for DD.
Thank you,
PM
A couple more thoughts:
The MJ industry as a whole has a currently regulatory challenge. Due to federal law they can operate in states but don't get access to regular financing. This forces dilution to finance or not the best terms. AMFE while connected to the MJ via the supply chain, they aren't beholden to any given country and their product is being explored for a much wider set of applications outside the MJ industry.
Why isn't the PPS already at $.25 or more already?
The stock is largely undiscovered at this point. I myself like many others here found it through sheer dumb luck while just going through all the 'weed' stocks we could find. As a Pink lots of people's brokers won't let them buy it or they can't use 401k money etc. uplisting generally solves that and gives them access to better finance terms. Even as successful as they have been and continue to be, their is always a point for a company to need financing , and under the right conditions it is a very good thing.
More eyes, more followers, news and uplisting. This is a snowball, and it still has a long long way to grow.
PM
Well there is no 'proven wrong' here since you aren't taking a position, you are simply asking why is this a good investment, or pink sheets generally unregulated and risky? These are fair questions to ask.
So let's review:
1) Aren't pink sheet stocks unregulated and risky?
A) Absolutely. Never invest more than is appropriate for your disposable income. It is technically unregulated giving the CEO and the board a lot of power without transparency. Which is why once you start going up the 3 OTC tiers (QX>QB>Pink) The requirements/regulations go up rapidly. So you will get a wide variety when it comes to pink sheets. The large majority of pink sheets do not have revenue, are in development stages only, and continuing to dilute the number of outstanding shares to finance their endeavors. For the ones that do well they can begin to report more regularly and potentially up list which is important in growing the business to access: better financing, a different tier of investors etc.) quite often investors only receive minimal information and minimal unaudited accounting statements, often late and most often they do not know how many shares have been diluted until it's way after the fact. You are at the mercy of the CEO and the marketmakers who have a much easier time manipulating Stock. (it happens at all levels even Dow and NASDAQ for sure but most often in Pinks where investors are generally risky gambling types and also emotional so it's easy to play them) Yes pink sheet stocks are absolutely risky but there are enough payoffs and stories to draw in the gambler.
2) Why is AMFE different?
A) They are different in every aspect than a typical pink. The sheer transparency of the CEO and his communications, the continuous messaging, and most importantly he does what he says he's going to do; on time and to our expectations or better.
They BOUGHT shares back. I don't know how many people severely under appreciate that. For a company at this stage in development to actually buy shares back when they don't need to; there are no requirements to and they could use the money to simply develop more and push it or simply pocket the profits themselves. The CEO decided he would strike a nice balance into bolstering his company's strength and reputation to it shareholders. I have NEVER seen a pink buy stock back. Seen plenty reverse splits after massive dumps though!
They have more than one revenue stream where most companies are a one trick pony. (And that pony is still in development.) We have development in the works and growth and scale on the ever growing revenue streams that already exist.
They have hired a accounting firm to do the audits in order to up-list. His goal being OTCQX which requires $.25 as a min, but we all know long-term this company is going into dollars. It will not happen overnight. It will never happen as fast as the average pink gambler will like. (I.e. More than a year) They will cry, they will bash, they will scream scam and pump and dump at every bump , pullback and consolidation. Mostly trying to get a position back in lower than they sold or they are a paid basher. Ignore all of that. Buy on dips and hold hold hold. Think if you bought Starbucks in 1998. Hold it.
All the filings can be found via iHub or OTC markets.com look at the financial statements. Review all his communications, see how well he followed through on everything he said he would. Follow their Twitter page for both Amfil and Grozone.
If you do your DD you will have a hard time being anything but inspired and optimistic. Do more DD on other OTC Pinks, see how they compare. I can tell you 98% won't come close. if you think you found something better, by all means tell us about it. :D (I'd still invest massive here though of course)
Good luck in investing.
PM
Yup, Everyone should read:
http://counterfeitingstock.com/CS2.0/CS16ConfessionsOfAPaidStockBasher.html
You will recognize a lot of these behaviors if you spend much time in OTC land.
More education:
http://counterfeitingstock.com/CS2.0/CounterfeitingStock20Full.pdf
I would respectfully disagree on your opinion of the 10Q. Can you give an example of your idea of an impressive one with a comparable company in Pink land? (Not attacking, your question is valid, just asking)
On COGS: This is a rapidly growing business, they can absolutely increase COGS on initial scale investments prior to gaining top yield. You can install new infrastructure , hire people etc and not have the same efficiency as you will after a few quarters. Always going to be continuous improvement like any fledging operation.
I agree 'opening a new store' wouldn't impact COGS as it comes under development. However it's easy to imagine something like 'operations 1.0 can handle X throughput with Y efficiency' the more sales you have the more it challenges current systems. Then you redesign the lines, get new operations software , train people etc for Ops 2.0 that can handle 10X throughput with Y efficiency' but your COGS can be higher while you complete this. It is a burden of 'too much sales' it is a problem yes, but it is the type of problem you want to have. IMO
I work in biotech in Silicon Valley and have brought up several Start up operations , happens every time.
I'm not saying this is the case here but it is certainly plausible and I would bet some of that is the explanation.
Cheers,
$AMFE
I was looking at the short report:
http://otcshortreport.com/?index=AMFE&action=view
And comparing to other stocks I own. We seem to be getting attacked a lot, Some days 50%+ of volume! That's crazy. I guess I can expect this with a rising company. (Along with all the inane chatter / paid bashers / trying to affect people's emotions etc )
Does anyone have insight on this? Just expect the MM games and shorting as part of OTC Pink life like death and taxes? Just curious on others thoughts.
I personally think shorting should not exist, it's designed for abuse and fundamentally goes against the reason for investing. But that's not going to change anytime soon lol
Holding holding, buying as I can.
$AMFE
That's exactly my thinking as well. But that thinking also tells me I have until Sept to accumulate. Although if revenues from brainsmart are strong enough and come through on a quarterly. That might start the new upswing.
Yes, thank you for the information. I do appreciate it. Will continue to hold, possibly accumulate to average down if I find some extra funds. Will remain patient.
$MCOA
Cheers
PM
You have been positive on this stock for sometime. Can you please help me understand what MCOA has is play, and the path to making money for them. I know they have been selling Brainsmart but we have not seen any financials. They seem to announce things but never follow up. Like the whole 'redesigned website' one would think we would get an announcement on its completion. Or non news 'we are forming a board', etc
I want to remain positive here, I've had MCOA for a while but now at a loss. I'd truly appreciate some specific information or useful links.
Thank you,
PM
Love it! Roger is the best CEO I've ever encountered for keeping the investment community in the loop. Seriously, I've had at least a dozen MJ plays in the last 6 months, most of the time just guessing and so starved for tiny scraps of info.
He simply operates on such a higher level, i just wish I didn't bother with other stocks and had put it all in AMFE 6 months ago!!! Oh well, I still got a nice chunk, even averaged up 3 times to .047. Never done that before just that much confidence here.... I dumped all my zero stocks except one and got on board this train and won't get off until $$$
$AMFE
Sheesh, only in Pinks would you see News like we've seen: Record revenues and much more to come, and the stock go down. This would have skyrocketed on NASDAQ. Silly rabbits, investing isn't for kids...
Buy, hold, buy more, hold.... what's the matter don't like making money? Lol.
Unfortunately I'm tapped for now so can't buy anymore dips. But since I've put in a fair amount in to this already, I'll just relax and wait for the inevitable dollar land. No not today or tomorrow or next month even but over time, absolutely. No need to worry about this amateur hour non sense.
$AMFE
Twitter followers #ers
AMFE: 229
Grozone: 67
Snakes and Lattes: 7260
All slowly going up, SaL going up the fastest! Still 229 is crazy low compared to most stocks with attention. We are such a sleeping giant far off in a cave no one has discovered yet! Lol
As SaL opens new locations though, discovery by more and more will happen. Unless deals from Grozone make bigger headlines first!
$AMFE
Wow, how is anything but up even possible today? Shake my head.... I guess just keeps going back to the fundamental undiscovered stock combined with the general idiocracy that exists in pinkie land. It didn't seem like manipulation today so I don't have any answers lol.
Oh well, every dip an opportunity to load up!
$AMFE
As I keep saying, just so undervalued and undiscovered it's ridiculous. I'm sure we would all go back and buy Starbucks in 1998.
Every statement to me is stock gold.
Even the statement: 'GROzone is eating in to profits' is a huge gem for company at this stage.
Seriously... eating in to PROFITs! Not 'taking on new debt to pay of it' not 'dilution to pay for' and plus real deals and real path to even more profits!
Again, acting and working like a NASDAQ stocks not a pinkie....
Yeah we have to clear out the folks who simply don't understand what they own. Compare this reports to 95+% of other OTCs.. What's that's? Zero revenue? Dilution? More news without a real path to profit? Going to another conference is the best you can do?
AMFEs report is simply amazing: Profit now and more profit later. No dilution, it fact: reverse dilution!!! (That was the fact that made me jump on this stock, folks truly just do not get how rare it is for a pinkie to buy back shares when they are almost always so cash starved, any money they get has to go right back in to pay bills, let alone any for growth, AMFE is not just paying bills, they are fueling growth, real growth!)
We have the most amazing stock, company and CEO, go read all the news releases and twitters and then the financials. You will think you are looking at a $10 NASDAQ stock.
We all know this is going up up up in the long run, but hey play the casino elsewhere or try to flip and time this one. If you do flip and walk away proud with your lunch money, because after you super sized a couple meals on AMFE, I wouldn't look at the price again. Because if you do, someday you will find how much money you could have made.
$AMFE
I did exactly that, I got lucky on MJT- I had before with that whole slick sleek and his meat picks lol. Then I was cocky and gave half it back to AKL- and the PnD they are.
Will NOT make that mistake here, I can't say enough how much I value true fundamentals and communications of substance over fluff.
Holding and holding and only buying more every chance I get. Imagine buying Starbucks in 1998????
$ANFE
I can't agree more how much actual substance we see here from news. Other companies don't put out as much is 2 years in what we've seen in 3 months, and it's not just to say 'we are going to a conference' or my other favorite 'we announce a new advisory board!' :D
Making latte and gaming smiles, safe organic manufacturing processes, renting snow equipment and making money is all AMFE is doing!
$AMFE$
Current twitter follower #ers:
Amfil: 221
Grozone: 63
Snakes n Lattes: 7192
Still soooo low!!! But everyday a few more eyes, after Monday will see how many more. As new investors come in and they catch Rogers use of twitter they will follow too!
$AMFE$
I added 100k at .0675, easy money!
Everyday getting a couple more followers, I hope post Fins we get spike, I want to see thousands of followers! We are so under the radar it's beyond ridiculous!
Amfil twitter: 212 followers
Grozone twitter: 57 followers
She is made up and is sitting next to chartmaster, they are fake news!
http://counterfeitingstock.com/CS2.0/CS16ConfessionsOfAPaidStockBasher.html
Understand that as interest in AMFE goes up, it's going to attract this element in OTC. Going to be lots of them over 2017. OTC is serious shark territory, and buying in to these 'peoples' opinions is a fast way to lose money.
Thanks for the instant free money MMS!
I just picked up another 100k at .0675.
All good
$AMFE
Absolutely:
http://counterfeitingstock.com/CS2.0/CS16ConfessionsOfAPaidStockBasher.html
They want cheap shares right before financials, so they walking it down fast.
I'm buying :)
Well up to 195 followers on twitter, but really that's nothing. There will be a point this snowballs and suddenly 1000's of folks will follow.
AMFE is so undervalued and undiscovered. Even this board the number of folks on it has gone up tremendously over the past couple of months. We are still in the 100's though. So many overvalued and speculative companies have 1000's of followers.
Maybe part because this isn't a classic MJ otc, it's only one of the businesses and a supply chain side at that. It's ridiculous the amount of information AMFE has put out without too much action, however I personally love the 3 steps forward .5 steps back growth rate.
This will be $1+ long run, not overnight and I'm happy to get there over time for the right reasons. Though I believe we will see some serious spike after major events like uplisting. Maybe after the 10Q...
The biggest side effect of me having this stock is that it's raised my expectations of my other stocks, concerning transparency and communication. It's amazing to have tweets followed up with substance on schedule every time. It's insane to have a stock buy back in pinkie land, early in a companies development. It's nuts to have several different revenue streams to decrease risk. Just such goodness if I didn't know the PPS and this was an OTC Pink I'd think it was already NASDAQ!
So much goodness based on fundamental vs speculation I've sold many other stocks to buy this one on every dip.
Keep accumulating folks, and hang on to it all.
$AMFE$
Up to 192 followers on twitter! Gaining traction one follower at a time!!!
I love following that number as one simple indicator of eyes, most other MJ stocks are in the thousands, and most of those stocks are all speculative. (Usually 95% of the stocks valuation, no actual or very low revenues) I can't name another pinkie with such strong fundamentals!
The board followers are building, the twitter followers are building, after financials, id love to see a spike in followers!
It's ridiculous they (and many others) can continue on despite all they penalties I incurred. Basically this says 'crime does pay' as the amount they get fined is less than what they make off their BS. There should be a logarithmic component to penalties as they accumulate more. The system allows this to continue forever it seems.
Only if they buy back shares and uplist. But the potential is there is they can generate enough positive cash to allow for it.
Here's hoping
$VPOR
Just when it got reported , the actual trade happened earlier in the day. They never report the preferred trades until after closing. Nothing to do with current price or opening tomorrow.
Lol you are so correct on the sleep, I was on the right end of a pump n dump in Jan and couldn't sleep a wink.
This one I just watch go and go, but sleep just fine.... It just got such a better feel, and I love the stair steps vs hype spike and crash.
I noticed this stock at $.016 but didn't start getting in until $.03, kept buying through $.06 so $.045 ave, today I just cleared 100% gain!
Like everyone else on the board, I wish I had more shares! I've put in all I can now though so just watch the money tree grow.
$AMFE$
A few weeks ago VPOR was at a 16% sell, now it's a 64% buy
https://www.barchart.com/stocks/quotes/VPOR/opinion#/
$VPOR$
Back on USA soil and couldn't be happier, not often I come back from taking the whole family one vacation and see my stock account higher by 10x the cost of my trip! And I splurged a little!
Excited for the coming weeks, I love the fervor of the board, AND not a single basher around! I never saw a pinkie stock that didn't have a pro vs basher war going on lol, because there isn't anything to bash!
(Well a i guess there was one day of crying because we didn't get a name right away.... lol lol lol lol , but hey I love picking up more shares under $.05 because I doubt that will ever happen again!)
Cheers everyone, let's keep plowing the money fields, planting the seeds for cash crops to grow!
-PM
I know you took a loss (I got hit for $22k) on this one as I did. But now I've dumped everything and put in all in AMFE (which I had already been accumulating) and I'm glad I did. This 8k is the last nail in the coffin here. AMFE already getting me my money back (and the amount I've made already from it is more than I invested in ALKM anyway)
I hope you find better ventures, take a look at AMFE, due the DD, and I hope you agree it's one of the best investments around.
Cheers,
PM
Ok I'm looking out over lovers beach in Cabo San Lucas, got internet for a little bit, I swear I wasn't going to look until end of week! (Since wasn't going to sell anyway I'm here for dollars, might next a couple years but it's going there)
Happy the way things are going..... but we all KNEW where it was going and KNOW where it is going. ;)
I'll get my next peek on Sat when I'm back in LA...
Have a great couple of days!
AMFE$$$$$$$$$$$
Hello all Vaporites, sorry I'm out of it, been on ocean and now in a port so have limited internet for a bit, is there a reason for current upswing? (I'm long here so I believe in the company especially one that only has short term manufacturing issues where orders are high) I didn't see any news though.
Well admittedly I'm not far off from your sons age and am still a gamer growing up with all the systems. Being in Silicon Valley and working in Biotech (DNA Sequencing) I see all the latest. When Nintendo Pokeman reality came out last year it was like the zombie apocalypse , hordes of folks tromping every where to catch stuff lol
Yeah! Oh No!We didn't get a name! Lol. Well I'd say Nintendo is probably One of the most knowns names in the world, and wasn't even on our radar! Just amazing! We still have all the big names to hear and got a whale we didn't even expect