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Was forwarded here by another investor. Have only done brief DD at the moment (literally started looking at this ~20-30 min ago).
Can someone tell me why the pps dropped over time and why it should recover? If someone says “because the mm’s!” Then I’m out. I want to know why this has such a low market cap and why I should invest.
And before anyone says anything, I know I should do my own DD.. but I’m on vacation and am plenty confident in the other stocks I own. Convince me why I should invest here.
My app says we opened at $0.159...?
If that happens ($10m - $13m q), then pps would go nuts imo.
Timing-wise, I really wish the fins would come out this week (I’m antsy to see them haha). HOWEVER, it would make total sense to wait for audit completion first... the numbers would have a bigger impact in that scenario (waiting for audit completion first).
Think fins will be out before audit completion?
Sounds good Tuna! I’ll let you know!
I’m planning on being there late April/May :) (I’ll be staying in a hostel though lol).
#AMFE!
I’m currently in Australia (if you look at my history, you’d see that I left on Dec 27th to travel as long as possible... AMFE makes up about 1/3 of my travel budget and I’ll hold as long as I can). The guys I’m staying with were just telling me that Australia is pushing for legalization as well. They want to be on the same stage as CA, Canada, Netherlands, etc.
Roto-Gro is up another 0.08 so far... idk about you guys but without seeing any news on roto gro, I have to believe that this spells well for us too..
Roto Gro’s stock is up 0.03... never seen it go that green in a day...
I read the PR again and noticed something..: “Canadian cultivation partners.”
I only remember there being 1 sale being made public.. are there other companies that we’ve sold to that I’m not aware of? Could be referring to “partners” as multiple people in one company.. but it’s not grammatically correct (technically) to speak that way. Companies are a single entity.
Note: I’m NOT concerned about the grammar.. just thinking maybe there are additional companies that we’ve been working with that I’m not aware of?
I just tweeted at Trump to lift federal ban on my haha told him it would rally swing voters without losing his base.. I know there is no chance of him reading it but hey, at least it’s entertainment haha
Realistically, I feel as though the PR could have been handled better. I don’t think Roger should have mentioned anything about the subsidiaries, as the PR doesn’t inform us of anything new for any of them (the subsidiaries). Fluff news.
The PR should have centered around the expected deadline for the audit. If the PR would have only specified on the new deadline for the audit, then I think our chances of being green for the day would have been much higher. As is, I’ll be happy if we retain a $0.15 PPS for the day.
#AMFE
Really impressed with the new Gro3 website!
Couldn’t agree more.
So are we just going to continue to allow our website to be hacked? I’d really love to show my friends this company (as I have been) but it’s really hard to look legitimate when our website hasn’t been up for ~1.5 weeks.. and yes, I know S&L is doing well but my friends have no interest in it (for whatever reason). They are sticking to MJ plays only.
"The extension of Rohrabacher-Blumenauer comes a week after a letter was made public in which 66 members of Congress urged Senate and House leaders to extend the medical marijuana protections that have been in place since December 2014. Those protections, previously known as Rohrabacher-Farr, prohibit the U.S. Department of Justice from using federal funds to prevent certain states 'from implementing their own State laws that authorize the use, distribution, possession or cultivation of medical marijuana.'"
http://www.thecannabist.co/2017/12/07/federal-budget-medical-marijuana-rohrabacher-blumenauer/94177/
Ah, that makes sense. Thank you for you’re input.
Yes, I remember that PR.. and I’m hoping what they stated IS the case.. but the wording doesn’t make sense to me. Here’s why:
If I make a sale of a piece of equipment for $5 million where $4 million is the actual net, but I record the full $5 million as net instead of gross, then it actually means my net was/is LOWER than previously thought (because only $4 million should’ve been recorded as opppsed to $5 million).
Again, I HOPE that what AMFE’s PR said was/is true (that our net should be higher than previously thought) but I guess I’m having a hard time understanding. Any assistance/explanation would be appreciated.
Any new investor will see it and will think otherwise regardless of revenue. It makes us look like amateurs. If it were my company (and my family does own a profitable company, so I’m not talking out of you know where), I’d be up right now with my tech team working to fix the issue asap. We wouldn’t sleep until the issue was fixed.
Why is no one concerned about Gro3’s website being hacked??? This should’ve been fixed by now. I understand it’s past working hours but that doesn’t matter this needs to be priority #1 right now!
Thanks for all the info/refresher! Exciting times.
Thanks. That’s comforting to know that the $5.9 million in revenue Q1 didn’t even include the revenue (that I assume we are going to receive) generated by the acquisition of Natural Stuff Inc. My only concern is that we bought the company in exchange for close to 700,000 shares (if I remember correctly).. so maybe we’ll be bringing on debt from the company as well? Has anyone done DD on Natural Stuff Inc.? I can’t seem to find much info about the company online. To clarify, I could find info on 28Black.. just not Natural Stuff Inc.
Anyone remember when Natural Stuff Inc. was purchased by AMFE? Just curious if it was Q1 or Q2... I can’t remember.
There is an article posted on Yahoo! news about pesticides being an issue in the weed industry. All commenters are clueless that Gro3 exists! I already left a comment (or "reaction") trying to inform readers of Gro3. We should spam the comment section!!!
Link: https://www.yahoo.com/finance/news/burners-beware-california-pot-sold-182736681.html
Is there a standard duration regarding the time it takes to complete an audit? Meaning, is there anything that states something along the lines of: "Audits take 4 - 10 weeks" or anything like that? I'm not asking for speculation.. I'm asking as to whether there is anything legally binding that would let us know the latest possible date the audits would be completed by?
Separate question: is there any possibility at all that we failed the audit? How would we know?
I feel as though the last PR should be posted as a “sticky.” Thoughts?
Strange amount of volume for a Friday... glad to see it.
S&L would be GOLD in Santa Cruz, San Francisco, and New York (depending on location within NY).
Not to say that S&L isn't gold as is.. I'm just sayin lol
I’m actually okay with today’s pps performance. I fully expected a ~0.11-0.12 pps eod. Glad to see people are still confident. Supposedly a lot of big news coming but we can’t keep running on “soon”.
Not sure what that means but I figured holding a penny stock from Feb until now would already be considered a long lol. Again, I’m new. Anyway, I’m still planning on leaving Dec 27. Doesn’t mean I’m selling before then though. I’ll hold onto AMFE as long as I believe the future is bright and my bank account (with most the money I’ve been saving for traveling) doesn’t go dry.
But again, why the hostility? You really just went back in my history (which I didn’t even know was possible lol) to try and make a point about something?
Thank you, and good luck to you as well :)
To clarify, I'm only pissed that I didn't buy more! haha
Why the hostility? I'm somewhat new to investing but AMFE is literally the only stock I have any large sum of money invested in (got 70k shares back in Feb). My conviction with AMFE (long term) is strong.
I've done the DD and don't plan on going anywhere anytime soon (AMFE is helping a lot with my travel funds). I'm strictly trying to get a better grip on what to expect in the short term and am hoping some of the more experienced investors will provide their thoughts on what they think will happen depending on when and what news is released.
Pissed I didn't buy more at ~0.11-0.13 (I know it's still good to buy now but my pockets aren't that deep haha).
That being said, I feel that it is imperative (for short term pps) that the news come within the week (before the weekend) AND that it includes finalized news such as a completed uplist, Gro3 sale/partnership, Midtown SET opening date, spinoff, etc.
We will see a drastic fall in pps if the news comes later than expected and/or is news about "progress" rather than finalized deals.
Thoughts?
"The stock market is a device for transferring money from the impatient to the patient." -Warren Buffet
I wish I was a master stock trader and sold AMFE at ~0.23 and re-entered at around now...
I wish Roger had not announced/posted approximate opening dates for Midtown that were not met...
I could go on and on about things that I wish were true.. however, the fact remains that I'm still here. I'm not here because of Gro3, IK, or S&L.. as I don't have any personal attachment to any of these subsidiaries. I'm here due to the bottom line. What's the bottom line? Revenue. As long as revenue continues to increase, then this stock's pps has nowhere to go but up.
According to my Charles Schwab account, AMFE's market cap is ~$62.4 million. We JUST posted a $5.9 million Q1.. which means our yearly revenue (if each Q is the same as Q1) should be ~$23.6 million. If these numbers are correct, then the current market cap is only ~2.64 times greater than our annual revenue, which is insanely low. And guess what? The ~$5.9 million Q1 did NOT include the revenue that we are going to gain from acquiring Natural Stuff Inc.
The PPS will go up. It is only a matter of time.
On November 5th, Amfil tweeted that there were interesting developments regarding Gro3 and that another strategic acquisition was expected to be finalized. It’s November 27th. We really need that news.
Are the markets open tomorrow and/or Friday?
Also, according to my Charles Schwab app, we are currently sitting at a market value of ~$73 million. If you think AMFE should truly be valued that low, then you’re nuts. We just did $5.9 million in revenue last quarter. Assuming we didn’t grow at all (which we are growing immensely), then we would be on pace to produce ~$23 million in revenue per year. Just sayin.
Is it possible that maybe there has been some dilution occurring? Just wondering how it's possible that we acquire a new distribution company (along with plenty of other positive things in the works) and yet, the pps drops dramatically....
Interesting to note though: It looks like something similar happened when AMFE originally acquired S&L in Nov 2016. The pps for AMFE really didn't start going upward until the financials were released and showed how much of an impact S&L really had. We may have to wait for the same thing to occur here where we will need to see financials to prove that the new acquisition was/is a huge positive for us.
Regardless of how AMFE looks in the long run (which is still very positive imo), we still NEED to hear from Roger tonight...
Ah, I see. Thanks!