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Then why on earth would you buy back in at .03?
You don’t believe Roger and you never will again, yet you’ll buy back into a company that he’s running.
Brilliant logic.
Is this legit?
Not late. No deadline.
NEXT!
The answer to that would be nothing.
Nothing is wrong with the audit.
“Yea I agree. Financially Amfe is a much healthier company...”
Soooo..... then you’re here just to f*ck around?
Get it straight, sister; you’re NOT getting my shares!
It’s a tool for day traders, not investors.
Good for the shorties among us and little more. It’s always fun to see them list us as a strong buy and funny when they list us as a sell.
Not a website I would base my investment on.
Wow...
At it AGAIN today?!
Man, you are one dedicated h8er.
You just perfectly described what you do and are going to do once we get our due (see what I dood there?)
Come on, PS. You don't really believe your BS, do you, PS?
Spot on, Hitman...
OK, bruh.
I still don't understand why you would be here if you feel that way but I'm not allowed to question your reason for being here under penalty of deletion.
Many are the mysteries of the human mind and, in the end, it doesn't matter so all I will say is good luck to you.
$AMFE
Tell me how ANYof that has changed the fundies of the company, Ar3.
It's easy math; you either believe in the fundies or you don't. Rushmann is correct in #1 of his uncomfortable truths about AMFE; the market does not understand this company and, until it does, we will suffer.
Still doesn't change the fundies.
Also, people... please understand this:
THE AUDIT IS NOTHING MORE THAN AN OFFICIAL STAMP ON WHAT WE ALREADY KNOW AND WAS VOLUNTARILY SUBMITTED TO IN ORDER TO FACILITATE UPLISTING.
NOTHING is wrong with the audit except that it has yet to be produced.
The audit also does not change the fundies. Rather, it will confirm them and I guarantee you it's taking this long in part because Roger is making sure that, going forward, we are properly formatted, I's are dotted, T's are crossed and the next time we submit for annual (which is looming large), we never have to do this shit again.
That's called caring about the shareholders.
Now, armed with the knowledge above, it seems to me that the audit jockeys here on the board are keen on running their mouths when they know NOTHING of what the inner workings are with regard to this current situation. Conversely, there are other, calmer heads on the board who keep reiterating that we're about on par with the timeline for the scope of this audit.
S&L continues to thrive. Fundies continue to grow. GRO3 at final stages before deployment on promised PO. Taking major pains with the audit to get it right the first time for all time. Franchising/distro/development all humming along.
That's a company I want to be invested in.
Solid post.
COULD NOT agree with you more. This place has become a cesspool.
Absolutely NO place for the likes of AMFE.
Praying for the audit while I watch S&L thrive.
Selling the news again today, I see...
Haha! Fools. Longs will prevail.
$AMFE!
Save your breath, bruh.
Investors either have eyes to see or they do not. To some, AMFE is all that and a bag of chips (blue chips, in particular).
To others, it is not.
Reality IS subjective to the viewer. It is generally accepted that, when a large group of people agrees on something, something then becomes reality.
There are large numbers of people daily at S&L, most (if not all) of them agreeing that the place rocks by laying down their cash for cover charges, games, food, drinks and anything else we can sell them.
All of that is reflected in the numbers.
What it really comes down to is the fact that this board contains two different camps of people; those that believe the quarterly reports and what they see with their eyes and hear with their ears about Snakes & Lattes...
...and those that need the audit to believe there is anything but a typical penny scam going on here.
If you believe in yin and yang, the two camps MUST coexist in order for either to benefit. It’s a paradox but it’s true, IMO.
Anyway, the point is that, like arguing politics on FB or any social media outlet and no matter the magnitude of your effort or the virtue of your intention, you WILL NOT change the minds of those you are attempting to persuade.
Only that device upon which their minds have been fixed will manage that task, whatever it may be. In this case, it happens to be a multi year, multi sub initial company wide financial audit.
These growing pains will immediately subside once the bloody thing is filed. The frustration is real and, at this point, no one can be blamed for voicing concern. To allay those concerns, I would suggest re-reading the last few PRs to remind ourselves of Roger’s character and to keep the numerous achievements already racked up in focus.
Minus the audit (which does not make or break this company), he has done tremendous job thus far, IMO.
$AMFE
Owner of S&L...
Yeah, and look how long they went sideways. From the last century until about the middle of 2003 and then...
KABOOM!!!
People gettin’ all bent because we’ve been sideways for 9 months.
smh
As a video editor who has been handed numerous horribly shot projects and been required to “do something with it”, I can say with certainty that yes, a turd can be polished to appear as gold.
Of course, that’s not what’s happening here but it CAN be done.
AMFE doesn’t need any polish. We need news and volume and the audit done so our f*cked up pps can finally match the growth rate of this financially sound company. That’s all.
Meanwhile, buy ‘em up.
“AMFE obviously isn't as good as it was a year ago...”
How can you determine that based on our pps alone?
I realize this is a complete and total waste of time but do you understand the difference between a broken stock and a broken company? Cramer laid it out pretty clear on his show a few times; NASDAQ is littered with companies that report stellar earnings quarter after quarter yet their pps flags.
Why?
In a nutshell, it’s market sentiment writ large. After that, it’s who the f*ck knows. The point is this:
Fundamentals ALWAYS win in the end. AMFE has BETTER fundies now than when I originally bought in...
...but no one cares ‘cuz the audit, ‘cuz Roger is silent, ‘cuz take your pick.
Yeah, we could use some news. I am a staunch defender of Mr. Mortimer and there are things I definitely would have done differently surrounding the release of new news and this godforsaken audit had it been me.
Does all that mean that AMFE is a scam?
Do I really have to answer that question?
I am taking major pains to not be an asshole these days because I’ve realized that people like yourself are here for the same reason I am; to make money. That said, this board has ears to hear from those with legitimate concerns. Your frustration is noted along with everyone else’s but can you not at least try and meet longs in the middle? Not asking for a Mary Poppins approach. Just come with the facts, bruh.
AMFE is profitable. Roger definitely dropped the ball a little on the communication but it doesn’t make this very highly visible and successful company not worth investing in.
There is growth here, there is expansion here. I would imagine that’s why you’re here, too.
C’mon, mc...
You really think this is a pump?
If he’s guilty of anything, it’s over exuberance.
Fuzzy, are you long here?
There is a clear difference between incompetence and relaying a third party’s projected timeline only to have that third party pull the rug and make you LOOK incompetent when you’re not.
We’re experiencing the second one.
For once?
Wow...
It’s official.
Bears are running the board.
Oh well...
Well aware of how ya feel, Stizy, but thanks for reiterating it one more time...
It’s as though folks are looking for absolute perfection.
Call me crazy but I look at AMFE and see a profitable company. I’m no accountant but I think it would be fairly difficult for Roger or any other CEO to fudge these numbers with as much visibility as S&L has. As well, the number, frequency and quality of their reviews online suggests that the Q numbers we have been given are accurate and commensurate to the level of business being generated.
If this is true, then AMFE is a profitable entity.
Investors very much like to invest in profitable entities.
Literally, almost nothing else matters but the numbers. They are why we are here, they are why we buy, sell, trade, hold... all of it.
35% YoY growth? After having prudently reinvested profits into the company for expansion and to avoid toxic debt?
Yeah, I’ll take that any day.
“But... but the audit! What about the freakin’ audit???”
Only a shortsighted trader would see the audit as the final measure of this company’s value. While no small thing, it is NOT the yardstick by which to graph this company.
Based on the timeline, it seems to me that Roger took over a languishing company, spent three years crafting a game plan for acquisition and is now executing. It’s those three years that are in question with regard to the audit but it would not surprise me to find out that some of the complexities of which Ryan spoke in his letter stemmed from that time, a time of transition in which Roger was finding his feet. Granted, he may still be in that process but those seeking to know the character of the man need only listen to one of Wes’s past M2C shows to discern it. He is thoughtful of the shareholders, which does not paint him as infallible but does so as someone who is, in the immortal words of The Dude, not trying to scam anyone here, man.
Numbers. They are the reason. The one tied to our pps sucks at the moment but that’s easily remedied.
Buy more.
$AMFE, b*tches!
Incomplete A/U is the only downward pressure I can see.
We are a financially sound company with a broken stock and the disconnect is in the perception. The market has errantly decided that the A/U is the lynchpin here because it has become more visible than the actual company.
The numbers must be seen and we cannot see them yet.
It will be a new day when we can.
@StockWatchMJ... Also, re: your other post.
Don’t know if you’re a high falutin’ (sp) investor or just an everyday retail schlub like the rest of us but I use Schwab and, at $4.95 a trade, I can’t complain, especially because they’ll kick in like 100 or so free trades if you join, depending on the timing of the offer. I have free trades till the end of the year which makes it easy to squeeze every last penny into your investment should you choose to.
Just FYI.
Also, I feel you, bruh. We all want good news and for the audit to be done. We all want to prosper. I have defended Roger here numerous times and even I will admit it’s becoming increasingly difficult to do so. I probably have a bit more forgiveness for him since I bought in at sub .02 and I’m still way up but I completely understand folks who bought in higher being upset right now. Still don’t think you should blame him for your investment decision but that’s neither here nor there. The important thing is for us all to try and make money.
Much easier to do that when we all understand one another.
I think you can tell the quality of the people on this board by the flood of responses you’ve received since baring your AMFE soul.
Thanks again.
I feel ya, Jackpot. I was speaking to the larger context, though... his willingness to finally share in a reasonable tone without resorting to hyperbole.
I certainly don’t agree with every point made but I at least appreciate him laying down arms and explaining his position in a thoughtful manner.
Gotta give credit where it’s due.
What’s a Malaka???
This is, hands down, the most reasonable post I’ve seen yet from you. Kudos to bearing your soul and being honest with the board.
Thank you.
A crushingly truthy smackdown there, Lopus!
Nice work!
Dear a God...
Someone please do it.
You may be right about that...
I get it. Audited fins are a thing and they should be. The back and forth on the board about the audit has revealed cracks in the armor of even the most jaded traders, exposing them as human with regard to skepticism. I dare say even the negative rhetoric has softened a bit (just a bit) as all shareholders look to Roger to produce.
He hasn’t yet and that falls on him, even if it isn’t directly his fault.
However, I suppose that, in my own mind, I want everyone to realize the undeniable opportunity presenting itself here. The audit alone has manifested the only speed bumps we have encountered thus far. Everything else is humming like a finely tuned muscle car. For this to be the case on this particular exchange is virtually unheard of. It is the sum of Roger’s past performance that convinces me he will deliver consistent results but... this is Pinkytown and the laws of physics breakdown here so just saying and believing that isn’t good enough. That said, though, requiring audited fins are and should be a cornerstone of a sound investment strategy so I suppose it can be said (in some twisted manner) that the negative nellies among us longs have an even higher bar to clear when it comes to AMFE.
Whatever the case, this company continues to produce. This episode will soon be in the books and we’ll be on our way.
Here’s hoping EVERYONE (even the flippers) has their lives changed for the better because of it.
AMFE
Dude, it’s a pink sheet stock attached to a net profitable business.
Maybe a little context?
Every single Q since I’ve been in (on a YoY basis) has beaten the last one. Isn’t that what you look for in ANY stock?
Just don’t understand folks, I guess. Different time horizons breed different investment approaches. Macod got it right; because we are young in so many ways, there will be some inconsistencies along the road and, because Roger is as transparent as they come, we’ll feel every single one of them.
If Apple posted YoY gains of 35%, people would be falling over themselves to get in.
On this board, we yawn at that.
Wow.
So 35% YoY growth isn’t good enough?
OK.
Sooo..... that 100 shares was you then?
Sooo.... you’re buying back in then?
*REPOST*
Just interesting to go back and read your own posts, especially from when ya first got in. This one is from 4/24/17...
"This is clearly the best Pinky I've been into. Trades WAY different than most OTC equities; a resounding testament to the focused skillset of Roger and his team. Learning a lot here, too. I've never been in on the ground floor of something as financially sound as this company appears to be so I've never had the chance to see up close how the money moves on the climb.
At first, I thought the mix of subs was odd... but then I quickly realized they reflected the varied interests of a driven entrepreneur whose determination to increase shareholder value was central to his work ethic. The diversification and contrast of each business positions Amfil to thrive mightily on several fronts, some of which weren't even on my radar. Who knew there was a board game revival going on?"
Indeed...
"The process has taken longer than expected. That being said, while the audit process continues, the company has also continued to execute the business plan that produced the successful expansion and growth in the quarterly and year end financial statements throughout 2016 and 2017. We are very happy with where the company is today, the strongest it has ever been."
Roger Mortimer - 31 January, 2018
Translation: Fundies matter more than the audit.
We got KILLER fundies.
Dig it.
Awesome reply, Felo!
Like Hoffman said in TBL, "Well, Dude... we just don't know."
I suspect it's footnotes, conformity of language, crossing of T's, dotting of I's, trying to time concurrently with Q in order to be absolutely current once the process is finished... stuff like that.
What I think is hilarious is folks here banging their fist on the table as if AMFE is already a big board issue and forgetting that, for a pink sheet stock, we have made some tremendous progress since 2016, a scant 2 years after S&L and less than 5 since Roger took the helm.
A/U will come when it comes. In the meantime, look for more shrewd moves by Mr. Mortimer... long play moves, not fly by night fluff.
Of course, flippers don't speak this language. I understand. We're all here to make the kwan, one way or the other and we can all coexist. Soon, however, we will be on an entirely different exchange with an entirely different level of investor looking at us.
That's when the party really starts.
$AMFE, b*tches!
Nice close!
Happy Monday, longs!
See y’all tomorrow...
$AMFE!