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Boardgames hitting the Switch:
#soon Istanbul: Digital Edition hits Nintendo Switch. Digital board games on a dedicated hand held gaming platform. #ItsTheFuture@alderac@pegasusspiele @Portal_pl#Istanbuldigital #digitalboardgames #NintendoSwitch #gamedev #indiedev pic.twitter.com/0FAPYdeRPZ
— Acram Digital (@acramdigital) February 13, 2019
The thing about MAXM establishing a partnership with a stock (ANY stock) is that you can’t imagine they will do it alone.
THEY will bring institutional money in.
But but but pinkies can’t get institutional backing!
Kinda brings you back to the point that the filings are up to reporting standards doesn’t it? It’s almost as if they wanted to uplist as soon as possible...if not faster....
And with the float being as tight as it is, it won’t require a large amount for the price to shoot up..
That’s the point. No one knows what the company does, but everyone has heard about the MM.
When has an MM ever taken such a strong partnership with a PINKY before?
And yet here we are. All we have had at the moment are filings. Each one of which further cements the partnership between a MM and a PINKY. Not one PR yet about what exactly the company will do, or how money will be made etc.
But that is the genius of it!
There are thousands upon thousands of Pinkies out there, each vying for the attention of the investor world. Most with a VERY bloated OS.
LFAP won’t be vying for anyone’s attention. We already have it. Once the PR hits, EVERYONE will see it. And the OS is tiny! Only 112 million shares outstanding!
LFAP won’t have the visibility issue that so many stocks have.
Looks like a cup and handle
Mr Market Maker! Tear down that wall!
Agree. It is really ironic that the stock wishes to celebrate LBGT loyalty and the board disrespects the community.
I did, but I missed the first wave. I’m expecting a second wave soon tho
Expect a bounce soon
Just seeing you post is great news. Thanks for all the hard work you do.
While I can’t deny that the current situation is frustrating, I am definitely excited to see the overall growth of Snakes.
Can’t wait to hear about the new (“undisclosed”) location!
Ahh, it’s 10:26where I am at. I see. Thanks
Is it me or has there been no movement today?
Dang, what a spread
WOAH WOAH WOAH!!!
STOP THE PRESS!!!
“
Yes, we'll be doing all of the US orders and fowarded the Canadian portion to our friends at Snakes & Lattes. ??”
Yes, we'll be doing all of the US orders and fowarded the Canadian portion to our friends at Snakes & Lattes. 🐍☕️
— QM Logistics (@QMLogistics) February 7, 2019
Did you get all your information through personal digging? Is it public?
When will the revenues post? Are we expecting the quarterlies soon?
That is not true. I might not be very happy with all his choices, but that does not mean I don’t trust him.
Email from Roger
Thank you Ruben for the email.
There is a lot of truth to what is being said there and as I have mentioned prior publicly we will be getting an ir/pr firm/firms involved to get the work out to a larger audience. This also coincides with why we undertook the audit process in the first place. Long story short, had the audit not dragged out far longer then anyone could have ever possibly imagined, we would already have one or more on board. Compounding circumstances have led to the decision being to have these engagements following the 2018 filing of the total multi year audit process we undertook. There are a number of reasons why this is the best approach and while I know short term it does not help and is frustrating as people want don’t want to see the market reflect the way it has, there are many factors to consider. Let alone the fact that it’s a big no no to the exchange considering we are currently delinquent due to the audit.
This and a lot more is indeed coming. The final year audit will get done shortly and we can put this snapshot in the total company history behind us for good.
Thank you again for your email and being a part of the company.
Roger
Reach out to Roger, and tell him exactly what you said here. He might not be able to give you any privileged information, but it is always better to hear from the man himself regardless.
I was in a similar position not too long ago. Thankfully everything was able to work out without me needing to sell any of my shares, but I understand where you are coming from. Your life is more important than anything else, and if you need the money you need it. It would suck however for you to sell your shares only for the price to immediately soar afterwards.
Good luck to you my friend.
I wonder if you will also thank him once work on the next location officially begins. Lol
I’m guilty of this as well. We are all just frustrated.
The frustration will pass once we start seeing progress.
Once we see work starting on any of the 3 new locations, we will have something new to talk about. Or when we start seeing the distribution model take place, or when the games get released etc etc
Yes and yes. My faith in S&L is absolute. I have complete faith in the business model, and the response to Tempe has only strengthened my belief.
I am very happy to see new locations for this year.
We still need numbers. We should still hold the company responsible to provide the numbers.
To be fair, there are many qualities that AMFE shares with companies that trade at higher multiples.
Again,AMFE has a LOT of potential. I DO consider this as an investment grade stock.
You are right, it is not the smartest thing to do, to badmouth one’s own investment. But I am incredibly frustrated, not only because of the price, but also because of the posters who say everything is alright.
No, everything is not alright. It may be normal, but that does not mean it is alright. It is not alright that we have a STOP sign, and it is not alright that we have 2 Qs missing.
You are also right, we will rise above. Once the financials get sorted out, then we should see a positive correction to the price.
Snakes&Lattes is definitely growing. 3 new locations this year is HUGE. That is something to be excited about.
Distribution in the US is something to be excited about.
Self publishing is something to be excited about.
But we NEED numbers.
“Before we talk about why there is such disparity, it is important to highlight a few more points. As you can see in the above graph, there is a very long tail to the left. Basically, there are many more low-price/revenue multiple companies than high. The following table shows this statistically. Over 72% of the companies have a 2012 price/revenue multiple below 4x. Also, you can see that only 12 of these 122 companies (<10%) have multiples over 7X. There are only 5 above 10X. Also recognize that the majority of these high multiple companies are domiciled outside the U.S. This is important because the press tends to favor the higher multiples, such as 10X revenues, as their “defaults.” The problem is, only a handful of companies deserve to be in the “10X club.””
http://abovethecrowd.com/2011/05/24/all-revenue-is-not-created-equal-the-keys-to-the-10x-revenue-club/
Yea, I meant the ticker. The stock has bombed in the last 12 months, and we don’t do ourselves any favors by not recognizing this.
I still treat this as an investment grade stock, but an investment grade stock has many responsibilities to its shareholders that a flipper stock doesn’t.
If we want to treat this as an investment grade stock, we must demand that the stock behaves as an investment grade stock.
I WILL keep harping on the lack of financials until they are released. It is COMPLETELY UNACCEPTABLE that 2 Qs are missing. Where is the 2019 guidance? The LEAST we can do is let Roger know our discomfort.
I did not say that the company sucks. The stock sucks. There is a HUGE difference.
The company is doing very well. There is a lot that the company is doing that excites me.
The stock on the other hand sucks. Really badly.
LMAO
AMFE (currently) sucks. It has gone from bad to worse for the last 12 months.
That said
It is NOW trading at 2x revenue which is normal.
Snakes&Lattes is poised for tremendous growth in the short-mid term.
Within 18 months we could very well see revenues of $50 million +
Now is a great time to buy more stock, because we are:
Trading at only 2x revenue
Snakes is going to open 3 more locations this year (possibly more)
The self published games are set to release this year
Distribution will start to kick off in the US this year
EcoGro3 sales should be reflected this year
All in all more revenues = higher PPS
The current STOP sign is hurting the stock. The CEO is not helping. Anyone who says otherwise is delirious.
There is plenty of criticism to be made to the CEO, and he deserves a lot of it.
But still
AMFE has a lot of potential. The best thing that can happen is that the financials get sorted out. That can not happen soon enough.
You are absolutely right. For all the frustration that I have and understand, it is undeniable that the company is:
1. Making money
2. Going to make much more money soon
There is absolutely no disputing that, just as there is no disputing the fact that the audits and the poor communication have really hurt the stock.
2019 looks to be very bright. Opening 3 locations (possibly more) , finishing the audits and filing the 10k, releasing more numbers etc.
This is a sleeper stock tho. It will eventually explode.
To paraphrase Aristotle: Every extreme is evil. The most important thing is to search for the fair middle.
Roger was too transparent with the dates. He did wrong by constantly providing dates that were out of his control.
He can remedy that by providing info which is in his control. Information such as updates on new locations, updates on NSI, or Ik, or EcoGro3 etc.
I tend to agree with this analysis. One of the things I’m very much looking forward to is how and when S&L will replicate their business model for the distribution branch here in the US.
That should bring a lot of extra money in.
We should stop mixing things up:
The audits are out of the CEO’s hands.
The audited 10k is out of the CEO’s hands.
The Quarterly’s have no need to be audited (or so we have been told countless times by many posters), and can therefore be released whenever the CEO wants to.
The CEO currently does not want to release:
Q4 2018
Q1 2019
Because his accounting team told him not to, and to heck the shareholders, because apparently there is no need for us to know the financial information of the company we are invested in. Yeah screw us right?
I’m sorry, but we should not defend the indefensible. That is bullshit.
I always had the impression Roger was more like Mark Cuban. He buys the team but doesn’t manage it.
Im very sorry to hear that. I hope you get better soon.
Actually yes. 3 new locations will open this year:
Orlando,Charlotte and another in AZ
No, he didn’t. The newer tweets were about visiting the DC area. What has come from those meetings? Do you know? No, you don’t.
That is what we do every time we buy shares. We give value to the company. If every shareholder sold, the value of the company would be 0.00 regardless of how many millions in revenue it made. That is why the CEO wants people to buy shares.
Mr. Fox is definitely helping more than most, but that does not de value the importance of the existence of other shareholders.
Further details regarding this location will be provided prior to the end of this month.”
I am upset because he said he would do something (update us regarding the business) and he didn’t.
The CEO’s responsibility is twofold. His first responsibility is towards his company, which he is in charge of to make grow; and his second responsibility is toward his shareholders, who provide the financial backing to aid him in his growth.
I am VERY glad the company is growing, but I have the RIGHT to know the details of the growth. I EXPECT the CEO to be trustworthy, and he damages his own credibility when he makes promises he can’t keep.
This was incredibly stupid from his part, because this was entirely of his own doing. He didn’t have to include this promise in that PR, but he did, and since he did, I expect him to fulfill it.
I understand things change. If things changed in such a way as to change the update he can provide, I expect him to tell us WHY he can not give us the update he promised.
Amfil Technologies Inc. Announces 3 New US Based Snakes & Lattes Cafe/Bar Locations In Progress and Additional Locations in Planning Stages
Press Release | 01/10/2019
“Snakes & Lattes Inc. is pleased to announce that it has selected a venue and received commitment from a joint venture partner, and funder, for a new Snakes & Lattes location in Orlando, Florida. The Company has found a suitable corner unit, in a prime entertainment district which has become available and the Company is in the process of firming up this location. Further details regarding this location will be provided prior to the end of this month.”
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Announces-3-New-US-Based-Snakes--Lattes-CafeBar-Locations-In-Progress-and-Additional-Locations-in?id=215154