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My only rational reply at this time is "whatever"
I've reached the show me first stage. There has been little evidence to back up your fictitious numbers.
Also, per the chart you posted, that "quick" shoot up (which wasn't all that quick for those waiting for release of fins from before time price was below peak post-release levels) lasted for a relatively short time. It began to decline almost immediately and returned to pre-audit levels about 2-3 months after audit release.
Now price is lower than before and reporting is behind beyond what it had been on that last release. Given that scenario, does it really seem true that the current state will drive price above .12 with release of 9 month old figues? (audited or not)
RBSM are complete failures. FY2018 should have been completed six months ago when they had numbers from previous 2 years already. Any fully reporting company has 90 days from close of year to audit and file FY numbers. An accounting/auditing firm that cannot complete that task is incompetent.
Roger's culpability is not putting RBSM on PR blast for their complete incompetence. They should be roasted in all business publications and any outlet where small, growth businesses may look to find an auditing firm. Honestly, CFO squad isn't far behind in that list. What exactly have they done for the situation?
I have stated before that the failure of CEO to take action against the auditing firm that is handling with incompetency his company's financial reporting is the biggest issue with delay of information and audit release.
That's the failure of this CEO that's dragging SP down. If shareholders saw a CEO that was actively fighting to get investor value returned to baseline, there would be more confidence, higher volume, more buying and rising share price.
I've posted similarly 2, 3, and likely 6 months ago these same sentiments. It hasn't improved. In the time since audit, lack of information of progress of financial reporting and minimal information regarding expansion of US footprint of brick and mortar have really fueled the slide in price and investor confidence.
Man!
That attorney letter really through open the flood gates.
How about today's profits.
1. There's a lot of speculation in an already overdue report.
2. Why did you arbitrarily choose June 15 and then only bring the company 2/3 current?
That was my point. By June 15, Q3 also overdue, so it should be released by then as well.
But you and I both know, audit likely will not be done until then, and even if it is completed, its time to completion will be the excuse for another long stretch of delay. So much so, that I predict a similar conversation next year where we will be debating when the release of FY 2019 numbers will be.
So glad Joseph Earle is leading this company to great heights...
And on that dilution note, can any of the cheerleaders inform me as to why the attorney letter outstanding shares don't seem to reflect a so called reduction?
Didn't think so.
When all of the percentages you cite have an effect on the share price, that will be a good day.
Until then it is a quagmire of frustration.
Why now with the June 15 target date for completion?
Once that date rolls around they'll be overdue for the first three quarters of 2019...sure would be nice if there was a sense of urgency and transparency in getting these numbers out.
By the time any financials released, there should also be discussion of revenue from Wal-Mart distribution deal, new publications, and whatever is going on with spin-off...you know news released a long time ago and not really ever updated.
Unfortunately, based on present state, I expect little.
I doubt 30 million revs. An audit would do well to back that up.
True, thank you. QB then is likely, QX (which was initial announcement of intention) still a very long way off.
The open boxes are laughable at this point.
A few of the checked boxes require an asterisk:
Carmax/Autonation - which stores? verified?
Sifthouse - is it real? will it ever be licensed? wouldn't it be nice if it was a truly known entity?
Oops I think I need to repeat that last statement for the Pharrell PL "deal" - is it real? Wouldn't it be nice if it was a truly known entity?
Come on. What company would honestly do business with a guy that would have to preface all deals with the caveat that we'll have to keep this on the double secret downlow because the CEO has been so shady to the investors over the past three years, and if the company releases your name as part of the deal you may actually get a call or two to verify your connection to this company, which I am sure is press you don't want.
LAUGHABLE!
Well written, I would add one thing though: check the scoreboard.
That chart line is showing a real impressive investment strategy - buy in at 0.20 and sell over a year later at 0.07; perhaps keep holding for the hope of getting back to baseline, perhaps a few cents cheaper, or for a fifth of initial investment. Honestly the performance of the SP is a good thing in that it forces most investors to continue holding rather than eat the loss for some liquidity.
That is unfortunately an actual part of the valid and true narrative of this company. It isn't about day trading and quick flipping, but about a potential long term play that is letting the level of interest get so low that when the events that brought investors to the company do begin to occur, there will not likely be enough momentum to return share price to the levels prior to this recent downtrend.
Bottom line is that it is one third the price from Aug/Sep 2017. That's kind of a big deal and quite a mountain to climb.
QB uplist needs SP $0.25. Sure, Roger said there are ways around that, but AMFE hasn't been performing like the companies worthy of the uplist price point exception. So that creates a bigger question: Will the completed audit (of which we're all fatigued now) actually be stimulus to drive SP to trade at 20 to 25 cents? If so, maybe an uplist in a year or two. If it truly does allow price to grow, then sure uplist and profit generation. This would require a three hundred percent increase from current levels, simply due to release of financials - financials whose delayed completion and reporting are likely to create a continued backlog of future reporting. I find that level of rapid SP increase on only that stimulus unlikely.
Regardless of any spin, all above are assessments of current situation. These are issues with the performance and current state of this company. And yes, the present (poor SP) performance does reflect the future investment.
it's either all coming together, or all falling apart.
Quick!!! Hit Buy - on the ask - while the price is low.
We may never see this level again!!!
Audits? We don't need no stinking audits.
Happy no audit, no update Monday AMFE
First reason, less than predicted performance.
Second reason, other debt structure not classically dilutive, but not necessarily favorable for shareholders.
Trading in the same consolidation channel of initial run in 2017 has created a lot of fatigue. I have enough skin in this game to give a crap, and want to see the company succeed. That comes with on the ground operations running smoothly, which appears to be the case, but back office operations of a company desiring to uplist to better public markets isn't as close to par yet.
It would be better that we not have to guess or extrapolate clues in order to know what the bottom line actually looks like. That's my overarching point.
Tell me how it's wrong.
My interpretation has been the narrative for at least one year now. 2016&7 delayed upon delayed, now 2018 likely will come just in time to cause significant delays in 2019. All the while, company gone dark with any financial reporting of any kind...
...seems to me my quick "waste" synopsis was rather on point per current behavior of this company.
Also, check the scoreboard. The one year chart doesn't seem to be climbing the mountain.
But, but, but he said last week he was working on it. I'll sure trust him this time.
(too bad ihub has no sarcasm font)
All it takes is a little update, you know, like the ones tweeted a few weeks ago about multiple news items released in the coming weeks.
Welcome to the pinks.
Anyone thinking the AMFE Audit story is anything other than a "Free Beer Tomorrow" sign is deluding themselves.
Just here for my daily still no audit update.
Have a day
No, it's about par for the course.
Nice try, good excuse
If they were sold, which is suspect, were they collected?
Explain why such a big difference between the posted revenues, working cash, and receivables.
If revenue generated is not collected, it is not revenue that contributes to bottom line operations.
Booking stocked inventory as sales is a bit shady.
It will only be truly powerful if all quarters caught up at time of release. No release of numbers for now 7 months is a little weak. If the audited Annual is released, a little pop - maybe it could approach, even clear 0.10. I don't expect a rocket unless there is full up to date reporting and additional announcements for further clarification.
Remember back in the day when CEO updated regularly, had a public presence, and actually released timely reports?? If it gets back to that, then maybe, just maybe this will see 0.25 by year's end.
Is audit out yet?
News on completion?
Sent for revisions?
One day closer?
Also, VESSL is noise.
Thanks
for real...
Is the audit out yet?
What??!!?? dilution, you don't say.
Come on, the company released news 5 days in a row, of course there is going to be dilution. Isn't that how the game is played?
Is the audit out yet?
dude...it hit .0012 at peak within last 2 years.
A third option is just that he is completely incompetent and naive. Perhaps he thinks every show of interest is a letter of intent. That every inquiry of what an ad would theoretically look like is a company just waiting to sign off on its release.
It's possible he is completely ignorant of the rigors of doing real business.
It could be just coincidental dumb luck that it looks like an intelligently orchestrated scam.
Current operations have no bearing on past financial reporting.
I'd put money that none of them will be out by then.
You miss the big point - IT SHOULD NOT CAUSE A DELAY IN NUMBERS DUE OVER 9 MONTHS AGO!!!!
Perhaps they should reach operations excellence in game publishing and distribution and focus on franchise expansion before acquiring another arm of the company to cause further issues in an already non-functioning accounting department.
Just get good at what you do AMFE. Once you show you can do that, then you'll be able to grow more diverse more rapidly.
AMFE thinking about adding chips and salsa to the menu could delay audit...
stop with the excuses. While some are plausible, acquiring a company at this stage in this fiscal year should have ABSOLUTELY NO BEARING on the completion of an audit for a year that closed over 9 months ago!!!
-Has the issuer used solicitation of interest communications in connection with the proposed offering? o Yes x No
That answer from the filing leads me to believe this will be a simple dump into the market, there is no buyer lined up.