Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
If 2018 don't come out by EOW, it likely won't for a few more weeks, with literally a 0.0% chance of the 2019 fins coming through by EOM. Even if 2018 does post this week, the probability of 2019 posting by EOM is 20% at best. Let's just hope we don't start 2020 still waiting which is a fair possibility.
AMFE
Well said. Your points have been proven to be right on the mark as this all plays out. The LONGS don't need any hand holding...I least they shouldn't at this point with all the DD available. It's the newbies and potential newbies that need to understand the AMFE story. It's a great story that has been overshadowed by the audit.
AMFE
100% right. That's why everything rests on the audit because they haven't sold the AMFE story for the past 2 years and the audit took over that story fall of 2017 and hasn't changed since. Now we're stuck in stagnation mode until the audit finally comes through which we now know is 9-30-19 at the very earliest for both 2018/2019. A lot of wasted time spent not telling the AMFE story in the proper way.
AMFE
I see the reality picture, not the one filled with fanciful unicorns. Haven't been proven wrong yet and believe me, I would love it if it did happen.
AMFE
As predicted last week, no audit. How did I know? Good news, bad news. 2018 will be done soon but 2019 may go beyond 9-30-19. If history is anything to go by, plan on 2019 being late with our friendly ole stop sign sticking around a while.
AMFE
Well, just call it intuition and a keen sense of things. If anyone actually thinks the 2018/2019 audit is coming out next week, then you haven't learned a damn thing yet.
AMFE
You're right. The audit will not be coming out next week, but this is hardly bad news. As a very invested SH, I like to hear of updates from the CEO.
AMFE
Roger and proper execution of an initiative has no business being in the same sentence until proven otherwise. He's got a lot of catching up to do to regain SH confidence.
AMFE
Btw...can anyone name one major initiative in the last 2 years that wasn't significantly delayed or failed to materialize outright? I can't, and the inability for this company to execute properly could easily be the death of it...sad to say.
AMFE...not using FUNN until we actually start having it.
Back on the first day of summer, I predicted one of two scenarios involving the audit. The first was that the audit would be out in several weeks but would only contain 2018 with 2019 just starting and likely wouldn't be out until fall or even winter. The second scenario is that the audit wouldn't be out for several months instead of weeks but would contain both 2018 and 2019. It would now seem very plausible that this is the correct scenario. So, I'm now expecting the audit to be completed no earlier than 9/30/19. I think at this point Roger finally figured out what I've been saying for 2 years...that nothing was going to move this stock post last bull run except for the audit. It would explain the lack of PR's and tweets compared to the previous 2 years. Congrats Roger, you finally get it. So, plan on at least another 6 weeks of going nowhere.
Welcome to summer. Back in March and again in April, I told this board we would not see the audit prior to summer. Low and behold, yet another accurate call. So, I wanted to make my next call and continue my streak since November 2017. There will be one of two things that happen next regarding the audit. The first is it won't be out for months, probably around October, but when it does post, it will have both 2018/2019 audited fins. The other distinct possibility is that the 2018 audited fins post within the next several weeks to a couple of months, but our victory will be very short lived as now we move to waiting on the 2019 audited fins which as we have seen in the past, can take a great deal of time, possibly pushing this whole ordeal into 2020. As I'm trying to take the optimistic side, I'm leaning toward the first scenario, but when it comes to the audit situation and AMFE, apparently anything goes. Have a fun summer and see you in September, or if winds willing sooner providing AMFE can finally get their act in gear.
AMFE
So, 3 days ago we get an extremely upbeat tweet about the fins coming up with many new announcements, and now ONCI is going private?? Something isn't adding up here. Why tweet out positive news to only then tweet out devastating to SH's, especially Longs? Wonder if all the toxic negativity finally got to him enough to not care about the loyal Longs? At 88% down already, might as well go the rest of the way. Well, that was a fun 2 years. Cheers everyone. See you at the next pink disaster.
ONCI
Pretty rich statement from someone who adores that POS of a company MCO#. Don't come here talking trash unless you can show us you can identify a good company from a bad one. Amfe is light years ahead and has only been around a fraction as long.
AMFE
Today's news was really appreciated to help provide the clarity many of we skittish Longs needed to stay the course. I applaud Roger for the detailed update and from this point forward, unless there is a glaring reason to do so, I will remain positive toward AMFE and do what I can to promote AMFE to others. My partners aren't coming back, that much is clear. But, their loss I'm now willing to bet. Once the verified fins come out, I'll look again at opening a S&L in the Boston area. I forsee a summer like we had in 2017 and then some, without the 2 year bear market to follow. Time to enjoy the upcoming nice weather and let AMFE do it's thing.
AMFE
Kudos to Roger for a great update and for settling the arguement WHY the audit is taking longer than anticipated. I love facts and Roger just provided some big ones. Now that the WHY is out of the way, we more nervous Longs can sit back and relax until the next update.
AMFE
Miracles do happen in the Pink universe...POT# audit was recently finally completed and is now applying to list on the QB. Will AMFE follow suit or is it doomed to walk the Pink streets forever? Inquiring investors want to know...
AMFE
Giving credit where credit is due...good post with reasonable/logical points. If this post was written by Roger, many of we uneasy Longs would feel a bit more comforted. The Pink landscape is indeed vile but there are dedicated Longs among the pack that have invested a lot of $$ in this company for the long run and Roger should not forget that during this silence period. Also, I'm still concerned that RBSM will not have enough time to complete the 2019 10-K before that due late September with the 2018 10-K dragging on. As of now, we're only 4 1/2 months away from that due date.
AMFE
Yeah, you could cash out and retire.
AMFE
Like I said yesterday, the longer this goes on, Roger's reputation and the AMFE brand will continue to deteriorate. I also predicted 0.01's and no audit until at least summer. Tough call at the time to make, but looking better and better everyday. I'll start buying again if it does indeed get there. As the current situation is, it's where the pps should be. AMFE is becoming quite the typical pink stock. Sad, but it is what it is. All the DD in the world didn't forsee this current scenario. "I know what I own". Most laughable statement on the OTC marketplace. Ego, ego, ego...
AMFE
I believe in facts leading to truth, something we are missing here. We have no updated verifiable fins for a year now and that is an ongoing huge issue. Everything else is speculation and faith. Not a great thing to rely on in the OTC marketplace.
AMFE
The prevailing thought as to why he isn't communicating like he used to is because he has got reamed out from SH's when his very optimistic PR's and tweets didn't turn out so good, mainly in regards to the audit. Roger should absolutely give us an update on the audit status as he did with the last audit in August which very much helped explain WHY the audit was taking longer which is important to understand as it does away with all the speculation. The fact that he hasn't done that like he did prior 8 months and counting into this audit only fuels speculation that something more nefarious is holding up the audit. Either way, Roger has done a horrific job in the IR department in 2019 but has been an issue since late 2017. If Morning and NSI are more complicated then he thought causing the delay, just tell us. It's a very reasonable explanation for WHY the delay. Time to put your big boy pants on and be a CEO who leads, executes, and communicates effectively. The longer this goes on, the more damage to his reputation and the AMFE brand.
AMFE
While I do believe there may be underlying issues Roger is not being completely forthright with we SH's, I do not believe for a second that AMFE is a scam by any measure. If it is a scam, Roger will go down as one hell of a scam artist with his ability to fool a bunch of bright folks here. If that's the case, kudos to Roger and a huge lesson learned for we Longs. Ah, the suspense of it all...
AMFE
Ask Plow...he'll get you up to speed.
AMFE
There are two prevailing theories on this board regarding the pending audit which I used in my Occam's example. We do know for a fact there is a lawsuit pending at this time. Is it not reasonable to suspect there are legal issues that are holding up the audit that we do not even know about? Can you prove there is not? I have six figures in this company and haven't flipped one single share. I'm after the truth no matter how painful it may be.
AMFE
Occam's Razor...all things being equal, the simplest answer tends to be the correct one. Either AMFE is growing at a fantastical pace that CFO cannot handle, or there are underlying problems that is preventing the audit from being complete at 8 months and counting. What's the simpler answer here.
AMFE
I believe this to be the case and if true, could throw a huge monkey wrench in this whole thing. I just find it hard to fathom that with CFO squad being on the audit from the beginning, we still are waiting in the wings 8 months later. And also if true and Roger does come clean, we'll be seeing sub 0.01's really fast. Maybe the reason for the lack of update on the audit progress and reason for it still be pending. By not coming clean if there are legal issues, then we can toss around the "growing like crazy" excuse as the reason for the audit not being completed. It's looking more likely the longer this goes on. Hope I'm wrong, but my track record says otherwise.
AMFE
Agree times a million. He provided a great update on the reasons behind the last audit delays. At 8 months and counting, it absolutely needs to be done again. My concern is we have legal issues with Morning that is messing up the works and could go for a long time.
AMFE
Not to be superstitious or anything, but closing at 777 and on the 8 month mark from the audit onset??? At this point, I'll take this as a sign of good things to come.
AMFE
Cannepil making it's debut in Aussieland and the UK!! Great development going on here!!
MGCLF
Ok, thanks for the replies. I thought it was 90 days following end of the fiscal year, but wanted to double check. That would mean if the 2018 drags on for a few more months and assuming 2019 fins will be streamlined, then that would mean we are not in dire straits yet. Ok, back to your regularly scheduled AMFE.
AMFE
I'm going to try this one more time. 2019 audited are going to be due by what date? The 2019 fiscal year ends June 30th I believe. The issue at hand, which we currently have a few, is that if 2018 audited fins continues to be delayed, then it will bump into when 2019 fins are due. If that happens, we will stay delinquent, stop sign stays, pps in the gutter, and we continue this journey through hell. So, when are the 2019 audited due by?? Anyone?
AMFE
Still doesn't answer the question. But thanks for the regurgitated talking points. I've only been in this stock 2 years so it's refreshing to hear it once again.
AMFE
Possibly, but it's not looking too good at the current moment.
AMFE
Doesn't answer the question, but thanks for playing.
AMFE
Because that would mean 2019 audited fins will be delayed, the stop sign stays put, and we continue to endure the pain.
AMFE
So, fiscal year 2019 ends June 30th, right? 2018 is of course still pending. At what point do we run into a big problem with 2019 audited fins due out when 2018 is still in limbo. My point is, if 2018 ism't out relatively soon, we'll bump into 2019 and have to start the audit process all over again. Thoughts out there. Apparently this is a topic that goes against the narrative that should be answered.
AMFE
So 2019 fiscal year ends June 30th, right?. When would 2019 audited fins be due? It would seem if the 2018 audited continue to be pending, then we will be soon running into the same issue with 2019 as we are currently experiencing now. It would be great for the board if you could expand on this. Thanks Plow.
AMFE
Got it Rocket. It's right up my alley as I'm in the sector already since early 2017. Thanks! If we can get our fins in order here, I would revisit Snakes Boston again. Just need some solid confidence to feel before moving to that next step. Have a good weekend too!
AMFE
The big picture here is what is keeping me LONG, but the delays are starting to add up. Hopefully, this lawsuit is the only one out there in the short term. There will be others down the road as it's the nature of business, but way down the road would be very ideal. What we don't need right now is a multi million dollar lawsuit at this stage of the game. Here's hoping for no more of these surprises. When is the 2019 audit/fins due?
AMFE
Yes, agree, but Morning is now under our umbrella so any legal problems they have/will have are now our problem. I just hope this is a one off and that the Morning acquisition will ultimately be a huge success. The delays in getting these games out aren't instilling a lot confidence though. Do you think the audit will drop before 2019 is due? It's starting to get a little close here.
AMFE