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Yep, and construction ought to begin soon. It will be an awesome update when the company states how FL, Tucson, and Charlotte are coming along.
7 locations is the start of something big. If we could end the year with 10 locations it would be amazing.
Honestly, even though I’ve been complaining non stop for a few weeks now, Dollar land for this ticker is not far away
I’ve been pretty frustrated lately, but truth be told, the company released a bombshell back on January:
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.
As previously announced, a JV partner and funder have been secured to open a Snakes & Lattes location in Charlotte, North Carolina. Originally, we had selected a potential location, however since then 2 additional locations have become available which management felt were potentially more suitable for a Snakes & Lattes café. Ben Castanie and Aaron Zack have travelled from Toronto and will be arriving in Charlotte this Thursday, January 10th, 2019 to view all three potential locations alongside the JV partner and funder, to ascertain which location would be most ideal for the café given the target demographic and business specific criteria to ensure the business’s success.
Assuming all goes as planned and the locations are secured, the company expects to begin construction on these 3 additional cafes this spring, bringing the total number of Snakes & Lattes locations operational or under construction from 4 to 7 within the first half of 2019.
Additionally, the company continues to pursue a number of locations to increase café openings for 2019 even further. As previously mentioned, the company already has a partner and funder prepared to open a location in Denver, Colorado as soon as an appropriate location becomes available. The Company adheres to strict criteria in terms of selecting a location to ensure success and finding the correct location to target its demographic has proven to be well worth the wait.
We have the same situation in Fort Collins, Colorado. The funder has provided confirmation of intent to fund and is ready to go as soon as a suitable venue can be secured. We have targeted a specific area in the city which would allow us to directly service our target demographic, but given the popularity of the area, vacancy rates for venues in the area are low. We are monitoring the situation closely and will be alerted once something becomes available.
Again, management is firm in their view that it is better to follow the strict criteria, and wait for a prime location, rather than rush an opening in a lesser ideal location and risk failure. Fortunately, the company has forged close relationships with JV partners and funders prepared to pull the trigger as soon as target locations becomes available in multiple cities.
Furthermore, the Company is currently negotiating with funders and/or potential landlords in 17 other US cities which are at earlier stages of the development process. Many of these cities are also just waiting for the right venue to become available, otherwise everything else has been organized. This could happen at any time; however, they have not progressed to that point yet. The company will provide further updates relating to these potential locations as the deals continue to develop and as venues become available.
Since the successful launch of the first US based location in Tempe, AZ, it appears that 3 additional US based locations are likely to begin construction very soon, and as 2019 progresses that number could increase significantly. The Company looks forward to the continued expansion of its highly popular Snakes & Lattes cafés throughout North America and expects the frequency of new openings to increase continuously for the foreseeable future.
———————-
With a higher revenue, a higher PPS will come, and new locations will push revenues to ever new highs.
Also, every day that passes is a another day that looms ever closer to the release of our first self published games. These games could become a great boost to our revenue. Even if they don’t, they will become another source of revenue for us, which is never bad.
Plus the new Purchase Orders for the GRO3 systems...those things aren’t cheap. Numbers ought to be much better than past numbers reported until now.
Lopus! Yes, everything is great! And yea, still holding on to my LFAP lol. You are right, this is a very exciting ticker. Hope everything is well on your end. Sorry, I don’t have PM
Chicago was meant to be the entry point of S&L in the US, it’s just that our friend Jrf got to them faster.
There is absolutely nothing which points to a VSSL acquisition.
I am not going to say what you can and can not speculate about. I also speculate that S&L will make big money in the US and in the world. I speculate that because of the trajectory that S&L has demonstrated so far.
I am currently not happy with leadership. Not happy at all. I give them a pass on their bull regarding the audit. But I don’t give them any leeway on how they have handled their Qs.
I still think that the odds are really good for the PPS to soar based on S&L alone.
And how do you know we are acquiring VSSL?
Actually, my chief complaint is the fact that I have no idea how the company is doing financially because they are 3 quarters late
The people defending Roger have it all wrong. He is making money all this time. We know this because the company is making money all this time. Regardless how horrible the whole situation has been, S&L is still growing every day.
But we are the ones in a pickle. We are the ones gambling our money right now. Yes, this now qualifies as a “gamble” and not an “investment”.
Sure, the odds that the PPS explodes at some point are pretty good, but the lack of financial information is just horrible. Plain horrible.
We are missing EVERYTHING from Q4 2018 until the present. That should not be acceptable no matter how you slice it.
Honestly the best part about the last PR is the fact that we can now confirm that GRO3 can make money. It’s too bad we don’t yet know how much profits were made, but at least we can now confirm there is something that can be sold and has been sold
I mean, the news is good, but it leaves out some crucial details, particularly how much money the PO is for.
I for one am glad to hear these news, but I am not ecstatic. I am glad because FINALLY we are getting to know some of what is going on. As shareholders we deserve to be on the know.
But the company has very specific issue, which is the lack of new money.
This stock/company has an amazing story. It keeps getting better all the time. It’s just lost amongst all thousands of pinkies that don’t.
Roger has already stated that he is waiting until we are current before he hires a PR firm. There is that. But I am truly happy that he is finally starting to let his hand show. I was sorely missing the news.
Great news. EcoGro3 is finally producing revenues. I hope we get some numbers soon. If I remember correctly the board had previously surmised that the sale of these 8 units would be somewhere in the $1 million range correct?
That, along with Tempe and the alcohol license in Midtown + the increase in distribution and the company should see revenues nearing 20 million + annually now.
No. We know 3 quarters of 2018 which outpaced 2017.
Everything beyond that is pure inference.
Tempe was built. That we know.
What are the numbers? What are the profits? We don’t know.
Coy is very good at finding all the Kickstarter stuff. The company even published a huge list of titles distributed. Did they do this at a loss or a gain? How much either way? We don’t know.
2019? We know squat
I don’t want to infer anything. I want to know.
And i don’t plan to hold AMFE to the same standards of the stinky pinkies.
Part of the fiduciary duties of the company is to inform their shareholders of the financial standing of the company.
This hasn’t been done for a long time. I believe it’s way past time for Roger to let us know the financial status of the company.
Use this one as well. He replied once to this email:
interloc.kings@gmail.com
I am very sorry for this friend of yours, and I hope everything turns out well for her, I honestly do. So much so that I will include her in my prayers, but that has absolutely nothing to do with the fact that we deserve to have more transparency from the company.
My opinion is that we need that information, not because of its effect on the stock price, but because we as shareholders deserve to know what is going on, and we don’t. We are going blind.
What email did you use? What email did you send your question to I mean
This this this and so much this
I have noticed that Roger has a real skill of keeping his shareholders in the dark.
I disagree to some extent. There is something we can do: let him know how we feel.
He can and should keep us updated on how the company is progressing.
He can inform us of the plans the company has for this year and beyond.
He can talk about the other small business (IK, NSI, GRO3 (yes, I will consider this a small business until proven otherwise))...
He can do all of this and not talk about the audits at all. He can even throw us hints and small pieces and keep the “meat” until after the fins drop.
Check this out. Not directly related to Snakes&Lattes but....
Istanbul: Digital Edition available on #NintendoSwitch on March 28th!
— Acram Digital (@acramdigital) March 19, 2019
Very soon our adaptation of the top 100 board game will be available on Nintendo’s top handheld console! https://t.co/lveSGe06aU…@pegasusspiele @alderac @trzewik @NintendoAmerica #boardgames #indiedev pic.twitter.com/ExF7aEvthP
We already know that there has been minimal dilution.
The audited financials have shown a loss.
Can these things be explained? Yes. This is a business that is expanding and they need to raise money (hence the small dilution) and they are re investing in their business (hence the loss)
But we don’t know anything else. I don’t know about you guys, but I personally feel we are WAY overdue an update....on EVERYTHING.
Yea, but you need something in which to base your speculation. A huge part of that is the financials. A business may seem wildly popular, and yet have terrible management and fail. How do we know that is not the case for Snakes&Lattes?
We don’t. We don’t know how much money is going in, and how much is bleeding out. Is there a profit? What are the margins? Do we know any of that?
What about the many games we have exclusive distribution to? How much money are we making off of them? Are we making any money at all? Have we entered - God forbid- into a bad deal with any of those exclusive developers? Or any banks? Or anything?
WE DONT KNOW. WE ARE GOING BLIND. THIS IS NOTHING TO BE PROUD OR POSITIVE ABOUT
Yes. Seriously. We NEED the financials. Or are you saying we don’t?
No use trying to hide it. Looks like the chart is dwindling...for NOW. But MAXM still owns 47% of the float. We still have a former CONGRESSMAN on the board. We are still working with ETF Legends Robert Tull.
Do you honestly think that they won’t know how to draw interest in the stock whenever they feel like it?
I can’t help but noticed you didn’t answer my question.
What are you talking about? At least the Ameritrade app shows the RSI to fluctuate between the high 30s and low 70s depending on the timeframe.
I agree that we should always be very cautious when investing. Especially when investing in the OTC. But there is a danger in being too cautious as well.
You might miss out on the opportunity right before you.
How many Pinks have you encountered that can boast a fraction of the same situation that LFAP has?
A Market Maker bought 46% of the common stock.
The team includes the former CEO of SONY
2 very recognized men in the ETF business
And last but not least
A former Congressman. Not any congressman either, but the person who co sponsored the Dodd-Frank laws which made sweeping reform in WALL STREET.
Something is brewing here, and I think it makes sense to want to be a part of it.
Fallow the money indeed:
Here’s a recipe for success:
MAXM
+
The former CEO of SONY
+
Robert Tull
+
A former Congressman (Co sponsor of the Dodd -Frank laws)
+
???
—————-
PROFIT
It’s enough of a real deal that a former Congressman joined the team. And not ANY former Congressman but Mr Frank. THE Frank...of the Dodd-Frank Laws.
Red to green
A former CONGRESSMAN is on the BOD
A MARKET MAKER owns nearly 46% of the stock.
What else do you need to know?
LFAP’s team now includes:
MAXM
The former CEO of SONY
A former Congressman
And a few pioneers in the ETF business.
They mean business
LMAO!!
Lopus, yes I am lol.
This ticker is going to the moon.
- investment 101
A FORMER CONGRESSMAN JUST JOINED THE LFAP TEAM THATS WHAT
The “powerhouse” names keep appearing don’t they?
Now they have an ex congressman in their ranks