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1. Wouldn't it be great if there was ample disclosed information to make informed decisions, rather than wild ass speculation?
2. NASDAQ listing would be great, but I don't see a short term path to $4/share without very problematic reverse split, regardless of what mergers actually do come to fruition.
3. I do appreciate your DD and speculation, but I will be very disappointed if after the current Q is released there are still more questions than answers.
Unfortunately that seems the likely scenario here.
So that series A, valued at .0024, any chance some millionaire still snatching it up?
Clearly from the 2/3 discounted prices we're seeing, this was just another gimmick to dilute, dilute, dilute.
Do you realize that the 10-K is going to be late? Yeah, last years audited fins could be released sometime in the next month, providing a perfect excuse for why 10-K is late. Its a classic traffic jam scenario that the company has not demonstrated the operational excellence for me to think otherwise.
So do I, unfortunately it seems shady enough to be straight from the pink sheet playbook.
They have their shares, conveniently right before the quarter financial release is due, which likely will not show recognized revenues with the excuse that transfer of shares took longer than expected. Thus keeping hopeful investors on the line for at least one more quarter.
Brilliant strategy to kick the can down the line.
because it will be difficult to shake the smell of Dror and Yaniv off this company.
back to .0006
Keep waiting. Those ads may eventually get signed off.
Until then, any chance you can provide the actual operating name of the first PL, the company previously identified as Pharrell Protection?
I'll be waiting patiently for your reply.
That's significant positive news. Any chance these earning results will push the price back up in the next few days
F*** yes! It is great DD. It is unfortunately the most truthful item posted today, and in the last 2 years.
Shake your head at the scoreboard, shake your head at the share price in triple zero range.
That post was gold. Every positive prediction here has been wrong. Let me say it again in all caps because this needs repeating EVERY POSITIVE PREDICTION HERE HAS BEEN WRONG!
All "DD" has been either unverified or left under a veil of secrecy from shareholders such that the google machine can't uncover it with even advanced DD techniques.
There is nothing left but a hope for a run or some last minute hail Mary before a reverse split, which is seeming more imminent as the days pass without an audit, without re-domicile, without release of honest PL deals, and without one verified piece of information from this company.
So yes, sticky that post, so newcomers can see actual DD of what this CEO has done to his loyal investors/bagholders.
sticky this!
I'd argue lower, that number could come by end of this month if no fin release, audit or not.
Perhaps it's the impatience or anger talking, but the company needs to show some serious appreciation for the investors/shareholders that keep hanging on through the mire.
Per the informative updates?
I'd like to say I can't wait, but unfortunately that's all I have been doing since buying in to the process here.
Patience will hopefully bring return.
AMFE audit not last week, maybe this week.
Most likely tomorrow.
Done, no response.
Late is late.
https://www.otcmarkets.com/filing/html?id=13233710&guid=YswyUWbB1m0LOth
https://www.otcmarkets.com/filing/html?id=13065610&guid=YswyUWbB1m0LOth
https://www.otcmarkets.com/filing/html?id=13026966&guid=YswyUWbB1m0LOth
That's just the last three report deadlines.
It is a pattern with this company. You may try to qualify by saying not late enough to have yield/stop added to listing, but the fact is they simply cannot hit a filing deadline on time (or at least haven't proven it yet).
So yes, sometime within the next ten days it is an almost certainty that there will be another notification of late filing. That's about the only thing I can say with confidence about this company.
Hempistry, BizRight, BZRTH, and that fancy jar all still have a lot to be shown in respect to this company's direction. That is a patterned issue of poor execution, just like the late filings. Getting hoodwinked on the MMA with bizright is another execution flaw that has not been brought to acceptable shareholder accountability. Execution flaws continue to plague what could be a very lucrative company.
Two things are necessary to show the flaws are being corrected: first, the report is released on time; second, that report shows positive trends to recognizing the astronomical revenue increases that were projected/reported and facilitated share increase vote last year.
I want this company to succeed, but fatigue is setting in with each of the corporate missteps over the last two years.
Like the teachers say, please show your work.
Me too.
My claim is not that an initiation of uplist audit should only take 90 days.
My claim is that if the auditing firm has already worked through and released years 1 and 2 of a three year audit process, then the third year should not be as massive an undertaking as it has been portrayed on this board.
Quite simply, if a company that has been auditing numbers for years completes a year, they submit that year to the auditors and those numbers use the previous year audit as starting point. That is the process that is completed in 90 days. Perhaps an uplist with new acquisitions and international business may add a little time to that - but an extra four months is where that becomes ridiculous. The logic behind that is to say that any other company that adds international business or has new acquisitions in that fiscal year would incur similar delays in reporting.
Perhaps, but as I've predicted before and continue to hold, once that fateful tomorrow does produce an audit, the long fateful drop will again return as the following year numbers will likely also be late. Shareholders will likely be left to wait without information yet again.
Remember: Patterns hold more weight than projections.
Cool story, good excuse, but it implies a company that provides a service not providing the highest level of service when viable competitors available. It seems to me in a free market economy, there are options to find someone that can complete the process with greater urgency, even if all raw data has to be re-scrutinized. Your supposition may be plausible, but that doesn't make it any more acceptable to a company truly trying to push forward to success.
The question unanswered to a degree of acceptability is the simple one: Why does every other company that posts audited EOY financials have only 90 days and somehow seem to accomplish this task?
If you cite accounting systems not in place: see progress claims of last three years of this company.
If you cite the enormous task of compiling data (starting from scratch): see 2017 and 2016 completed audits to give examiners a verified starting point.
Everything at this point is excuse. Until accountability and action are taken by both AMFE and auditors, the trend of the 2 year chart will continue.
Not yesterday's tomorrow, maybe tomorrow's tomorrow.
Audit out tomorrow
Kool-aid is that it will truly move the needle. A double from this point is still less than previous audit release.
No fins in over 3 quarters gives no direction to the movement of AMFE cashflow. Everything contemplated is a wild ass guess.
At its heart, it is a restaurant/bar business. Good luck to see those margins over 10-15%, and distribution will likely come with more costs than gains.
If KTU hits shelves before Christmas to blow up as this season's best stocking stuffer (A la exploding kittens), then maybe a little push on that front into next calendar year.
My patience must be extended 5-10 years to really see something happening here. I think there are far too many short term issues to be resolved and modified to see much change in the next few weeks to months. The corporate communication and consequently operation has been deficient for too long now to see it reverse without significant changes.
it's been painted here since September...just sayin'
No, no, it is tomorrow.
It is always tomorrow.
It's possible I may have been incorrect. Audit not released today, but look for developments.
AMFE audit should be released tomorrow.
By typing it into the post box and hitting submit.
I am not saying it is accurate, nor is it a dark web hack of RBSM emails pulled from the TOR network.
I'm just stating it is about time the audit shows up, and tomorrow seems like a good guess.
That audit announcement should be coming tomorrow.
Yet other reporting companies accomplish EOY audit 90 days after close of year. That's the big failure here.
That was the story well before this extended period of waiting. I am uncertain of the performance of these systems put in place. Sure they've been reported, but are they producing a positive result?
I am not sure what you mean of the demand threat, but honestly, it would make me happy to know that AMFE reduced compensation to RBSM for a process which for any other reporting company must be completed in 90 days following close of year. That's where the problem lies. Once the 2 previous year audits were completed, then numbers available with footnotes from previous years and with all filings previously attorney lettered, the accounting to bring current should have been much easier. Instead, we are now well past 90 days from EOY and even 90 days past release of FY2017 audit, so that's why it seems to me the auditing firm is incompetent.
Any legal ramification should be reduction in compensation to RBSM and finding a more credible auditing firm moving forward.
I know that isn't how it all works, but if logic existed in the business world, that would be the course.
again, LOL
I am not a naysayer, btw. I am simply reflecting realism for what is being presently seen with less than operational excellence from a financial reporting standard. If this was a private company, all these hurdles would be excusable, but the public nature of this corporation brings with it a higher level of accountability which is not currently being reached.
I actually assume there is culpability on both parties.
My argument which you reference gives all benefit of doubt to CEO regarding company numbers. I know it is a stretch, but I am pointing out that if the story is to be believed, then RBSM is really effing incompetent.
There's certainly some tongue in cheek as any argument placing culpability on either side completely is not seeing whole picture.
Audit?
Pull your check mark buddy.
Attorney letter yes, pink current no. You only get partial credit here.
Make sure to check your work next time.