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If he just does what he says he will, then that is adequate. He doesn't have a great track record of meeting the expectations of statements that he himself has made.
I've been watching the landscape for over two years now; with the continued dangling carrot of just a little bit longer.
I want to see success here as much as any other, but is is incredibly difficult to have confidence in the company when continued failure to deliver is the norm.
Yes. Including the one which clearly stated release by end of the month.
That is the one which at this time meets all logical criteria for a non-truth. Regardless of the circumstance/reason/excuse, what was stated did not come to pass.
I see your point, but the reality is that this is a pattern of over-promising and under-delivering/misstating the timelines of events.
It creates a pattern of distrust. Sure, there could be a release in a couple days, but just as easily, there may not be. He states all these events to come as a condition on other participants executing in timely fashion.
Bottom line: He stated release before end of the month, and he DID NOT deliver.
Not to be a stickler, but this is absolutely not "released by the end of the month"
He really should stop saying things to show himself to be undependable in his words to the public.
Got a sweet tooth today, looking to Sugarmade to show some love.
Unless it has all been smokescreen and misdirection to cover up a flawed performance system. Hence the need for audits, the need for timely release to restore confidence in corporate leadership, information that is verified, and general statements of fiscal health of the company to provide transparency to the shareholders at large.
While statements like "the audit will be released by the end of the month" and 'the company is doing very well' are vastly different in their dynamic and content, the simple value of their validity is a reflection of the leader making the statement. When one doesn't come to fruition, how can we be expected to believe the other will?
Hoping for delivery. Won't take much to break even if he delivers and a rally follows.
I got my fingers crossed, but damn sure ain't holding my breath.
I don't know about final, but there will likely be a huge move in share price one way or the other on Friday.
Maybe a buyout or merger?
If they do not come out without explanation, there is no excuse.
Regardless what the PPS does, it shows management that does not care to inform shareholders. It is incompetence.
Failure today to deliver reporting as stated previously by the company will confirm the statement I have said all along: There is management incompetence when it comes to running a public corporation. Sure, it may be possible that ground level operations are doing okay, but it is more likely that the example set by public disclosure is closer to the real story.
Big boys...LOL, can't wait to see it...
On what time frame would you predict evidence for your prediction/statement would be available? Because as it stands, the 2 year chart sure as hell says otherwise.
I'd settle for .07 at this point.
Kings of PR generally translates to extreme dilution.
Now that the self imposed audit has caused a drain swirling tank of the share price, what's the over/under on whether thay are actually able to release numbers in a few days as they have also self imposed?
Will they be audited?
Will they come even remotely close to expectations?
I just simply can't wait.
There has been no evidence to support the $70M revenue prediction, and in the time since initial PR, there has been relatively little revenue generation above what had existed prior to announcement. What has actually happened is a voted increase of OS and subsequent dilution to finance these so called partnerships. So short answer, yes the market is actually reflecting the performance of this company.
Not yet
FYI, not a basher, but a realist. I had high hope once, and to a lesser extent still do.
My issues come from seeing a lack of true aggression in the operations. This company takes strides and is growing moderately, but could throw much more on the table and move ahead in a ridiculous fashion.
Why wouldn't he have balls and say "you give me 15, I'll take 10" ?
If a year already hasn't been enough time, I find it hard to believe the next 2 weeks will tie up all loose ends.
Like a "notification of late filing" filing?
That's my expectation.
If they keep up the pace and current market trend, all the shares will be free soon enough.
Based on history, it won't be happening all that soon
I know this. Last audit didn't even produce a 100% pop, now that one year since release of any quantifiable progress of the company has been released, I predict at least another 2-3 years before this hole is dug out.
But there's still the hype of KTU to give hope..lol
Any chance this hits 60 cents before end of this calendar year?
Over the past three years, it has become evident to me that as much as this company wants customers in the restaurants playing games, they are just as happy playing their own games with the shareholders. Perhaps there should be a new AMFE/FUNN shareholder/stock market game room. Unfortunately, there may be some trademark issues with casinos since the house always wins.
Why do you think they've been dragging feet on releasing numbers using auditors as excuse? The later these facts come to light, the better it is for the AMFE inner circle.
If there is partnership income, or even franchise fees, it would certainly be less than predicted, but it would at least hold company integrity so investors could make an appropriate decision.
Anyone surprised another week went by without any further financial reporting from the company?
1 year + 4 days, excellent urgency on the part of the company and auditors.
He won't file a notification for late filings, he'll just not file under the guise that the audit is causing his voluntary decision not to file.
But as investors, other than the promotional nature of news released, there is no current tangible record of revenue, cost, etc...
I agree, mostly. The frustration from the wait and based on the general behavior of companies listed in the pinks, there is definitely a historical reason for concern.
Sure, most of my criticism is more trolling than true disdain, but the when vs. if argument is getting less tangible with each passing day.
That information is not numerical - is there profit, or a profit horizon. Cost of goods and overhead when combined with administrative costs really eats in to the investor's bottom line. I for one would sure like to know what that picture looks like.
There is no false narrative to the fact that today is one year from release of 2017 audit with no release of 2018 audit or 2019 numbers of any kind.
We can talk growth, acquisition, growing pains, etc... but the fact remains, investors remain in the dark as to the fiscal health of this company.
All the news of game release, and restaurant business is pure speculation without solid bottom line figures to back it up.
I hope so too, but I feel if that was the case, more noise would be being made.
"We know" these things from sources beyond the company. If it is all so great, where is the bottom line transparency?
How about voluntary non-reporting? Period ending June 30, 2018 was last of any financial disclosure. It seems to me that other quarters have passed since that time.
The audit would be nice, but I find lack of reporting while audit continues highly suspicious.
We'll see who's right one day.
And just keep waiting. They will pull an epic fail, delaying and delaying any substantial reporting until long in the future. I predict they are so far in the red that these delays will continue until with great pomp and fanfare a few years from now they'll get fully current just to announce their first profitable quarter in nearly a decade.
I don't know, there's been a hurricane. Tends to be a good excuse for these bozos.