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So you think a company that’s doing around $15M per year is only worth a $30M market cap when they are showing 100% growth YOY?
It’s open to interpretation.
On one hand the physical audit is done. Which means no more bank statements, transactions, inventory etc to look through. They just need to complete all the disclosure statements.
On the other hand, some include the physical audit and the disclosures or submission as completed.
Either way not as convenient as everyone would like. I think they will get there eventually. The company is still producing big revenues and growing. The OS has decreased so there is no worries about dilution and we are trading at a $48M market cap.... with more than 100% growth YOY and revenue on target to be over $15M IMO we are undervalued.
I’m open to it. We know Raleigh could support a few locations. There are pluses and minuses to each option. Either way over the next couple months I think we will see the target cities identified with partners or franchisees. Then it will be a race to find an open location. That is the piece everyone here seems to forget. Chicago, Hamilton and others have been targeted. They just need the right space to come available and that takes time.
Well we know of one person taking on 7 JV’s in the Southwest. The first one already has a signed lease... doesn’t seem like he is waiting on the audit.
I think everyone here will agree with this one when it is announced.
Not anymore. He is focused on accounting. There is a new lead over expansion. Several here received letters from him yesterday.
You got it!
Guys he isn’t lost. Just be patient. He is right where we want him as shareholders.
See my previous post from today. Lots of movement on that front.
He can’t post anymore. But several of us spoke with him today. He is focused on work and Tempe :)
I hear you and completely understand your frustration. There are many in your same boat. I for one have bought as low as .05 and as high as .19. I’m not going to sugar coat the audit. It was mishandled period. While I appreciate the transparency, it doesn’t always work when your an agile growing company on an exchange where investors hang on every word and also have a short attention span.
As for your comment:
“S&L is the ONLY part of this company that has any potential, but realistically, what is the potential value of a restaurant chain? Also, I'm not sure S&L will be able to sustain any sort of longevity once the "new thing in town" feeling has worn off.”
For now. Your right. We don’t know a ton about GZ except for one of the contract that’s waiting on health Canada inspections. NSI is still ramping up.
But just to be clear, you know S&L is much bigger than a restaurant right? They have been around since 2010 so it is not a fad or the current hip trend. The actual restaurant/cafe provides much more than just a source of revenue. IT IS MARKETING GENIUS.
They can use the cafe to gather market data, test trends, learn more about the gaming community and of course test games for the new publishing division (see some of Rocket’s DD of the publishing).
SL was founded by a guy that spent years as a consultant in Supply chain management and what is key in supply chain management/distribution? Forecasting demand! And what better way to do that than the cafes? Expanding will only give them more customer trend data, exposer to more game designers for exclusive publishing rights and more outlets in their distribution channel. If someone orders a game in AZ for Christmas this year, Tempe can fill that order instead of shipping from Canada.
I wish you well in your future investments. IMO you could not have picked a better first pinky.
I’m not sure this really has anything to do with the audit. Except for the audit was distracting them from moving faster
But it tells me the leadership is learning. They were overwhelmed and surprised actually, at all the franchise request before. Now that they have solidified 9 franchises/JV’s they know what the structure of the deal needs to look like. Which is why they now have a point person dedicated to the US. I bet we see at least 5-10 more locations locked down (not opened) by the end of the year if not more.
Awesome! Asheville could use an SL
Speaking of this topic:
Today I received a letter from the US expansion team at Snakes and Lattes. Looks like they finally want to talk with me about a deal for the southeast and they are ready to move forward. I know some others have received the same letter. They have finally put someone over handling these franchise inquires and are moving on all cylinders. They went on to say they are open to franchises all over the US and there is a new contact person to reach out to.
This is big IMO and we are going to start seeing expansion happen much faster all over the country.
And thank you for that :) my bank account is happy
No where in that post did I talk about other sales. People were questioning why they haven’t shipped yet or recognized the revenue. It’s not up to them. It’s up to the client building the facility getting through the inspections with Health Canada.
Hope that clears that up for you.
So what should AMFE do in that situation? Tell the client to tell Health Canada to hurry up so they can ship the equipment and recognize the revenue?
Gro3 is actually already sold and AMFE has issued a P.O. to Roto for it already (per Roto annual report) however the equipment hasn’t shipped so we can’t recognize the revenue yet. Why hasn’t it shipped?
Health Canada inspections are slow.
Q4 is going to be big......
Lots of news coming :)
I’ll take that bet. I’ve looked at the Tempe location and know the effort to build it out will be far less than midtown. I bet it is open by Labor Day.
Haha yeah but anyone could see Valiant wasn’t putting any money into RD they just acquired drugs and jacked up the price... why do you think so many people made out huge shorting them?
Here we are talking about looking at the underlying fundamentals, business plan and the financial health. Not just one investor talking to the CEO.
So dishonest that a shareholder from this board decided to fund 7 SL locations? You can’t tell me a seasoned investor, after meeting with Amfil leadership and doing lots of DD put up a serious amount of cash to a CEO who is trying to scam people. If anything that should give everyone here a very clear picture of where this is going.
They have the signed contract. This has been verified in the Roto report (completely separate company on a much stricter exchange). Amfil has issued a P.O. to Roto for the units. NEITHER COMPANY CAN RECOGNIZE THE REVENUES UNTIL THE ORDER IS SHIPPED. Basic accounting. It was the same when I worked at IBM. We would recognize the contract or P.O. but could be paid till the hardware shipped or the services were delivered because the company couldn’t recognize the revenue.
“That would imply more PR bs from Roger who stated Q2 revs were so low because lots of big orders fell over into Q3 and that Q2 was the slow time”
That is a false statement. The PR said many of the big game orders for the holidays came in EARLY and hit in Q1. Why would they have big game orders AFTER the holiday?
“Q2 has historically been the largest revenue generating quarter for the Snakes & Lattes Inc. subsidiary which currently has the largest impact on the overall company’s financial statements. This year however, some retailers placed larger orders through the distribution arm in Q1, and these orders were received, fulfilled, and shipped during the first fiscal quarter resulting in Q1 absorbing the majority of the holiday sales spike. “
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Announces-Fiscal-Q2-2018-Revenues-Up-114-Year-Over-Year-to-3307549?id=183566
I would temper expectations here. The quarter we are talking about (January-March) is historically SL’s slowest time of year for game orders. Also, midtown didn’t get a liquor license till March. Realistically I would expect the numbers to be in the 3-4M range, which is still awesome. Q3 17 was only $1.5M so there will definitely be YOY growth.
One thing I am not factoring in yet is the 2.3M from the GZ contract. As soon as the equipment hits the customer site (or even ships) they can recognize that revenue. We know from Roto, AMFE already submitted a P.O. they are just waiting on the client build out to finish/inspection to happen.
Hey Rocket! Good to see you back!
You are correct.
Post links to your FACTS. Like this:
Last year FY 17 Rev was: 6,630,973
2018 YTD Rev: $9,207,895
That’s 139% more in just 2 quarters!
If Q3 18 is more than $4M... they will have done 100% more revenue in 3 quarters of 2018 than they did in 2017 (where they had already increased revenues by 2400% YOY from 2016)
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Announces-Fiscal-Q2-2018-Revenues-Up-114-Year-Over-Year-to-3307549?id=183566
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Announces-Fiscal-Q1-2018-Revenues-up-20619-Year-Over-Year-to-5900346-Setting-A-New-Quarterly-Fina?id=173018
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Announces-2017-Fiscal-Year-End-Revenues-of-6630973-USD-Up-Almost-2400-Over-FYE-2016?id=165817
You wouldn’t wait a year. When Q3 comes out look how it compares to the last Q3... if it is over the $1.5M Rev mark then....
And guess what...
Last year FY 17 Rev was: 6,630,973
2018 YTD Rev: $9,207,895
That’s 139% more in just 2 quarters!
If Q3 is more than $4M... they will have done 100% more revenue in 3 quarters than they did in 2017 (where they had already increased revenues by 2400% YOY from 2016)
Isn’t the growth amazing?!
That’s not what I said. I said you compare like quarters not sequential to better understand growth
You don’t compare sequential quarters.... look at any sales company’s earnings announcements the compare like quarters (Current quarter vs same quarter previous year). Why? Seasonal sales, sales comp plans ( that’s why q4 is usually big) etc.
Just yesterday on CNBC they did the same thing with Home Depot, Lowe’s and WalMart. Why? Because spring is huge for out door projects therefore March sales are higher than other months.
Really?
Q2 2017- $1,542,389
Q2 2018- $ 3,307,549
YOY GROWTH 114%
You don’t compare quarter to quarter (Q1 vs Q2) due to seasonal sales... everyone knows that.
Q3 2017: $1,809,064
Q3 2018: we will know by Sunday but it’s pretty safe to say it will show growth
Except in Tempe for sure August 2018....
If that’s how you feel go ahead and sell. I have several bids in right now waiting
Doesn’t matter. Give them 5 more days to work if not release the fins on Friday. Won’t change the current trading action IMO. Unless the audit comes with it
You aren’t crazy. Here is why:
1) The company posted two historic PRs recently which did nothing for the PPS
- entering the US market with SL ( no one can deny this. We have pictures of the location and have spoken with the investor backing it)
- acquiring a French board game company.
2) last quart showed huge YOY growth 100%+ and that did nothing for the PPS
So now that the CFO squad has been working for a few weeks to wrap this up (we know with their background they can and will) why WASTE another PR that will show YOY growth again on the short sighted pink investor? Why not Make every effort to get the audit out before the fins.
You can’t fix stupid. Same reason a lot of longs sit quietly and wait. Looking forward to visiting Tempe this soon.
Reposting rocket’s DD...
Re: gcmbrokers Post# 45782
APRU investment DD: LVVV holds at least 250,000,000 shares, but it could actually be a lot more because im using a share structure that is several years old: https://www.otcmarkets.com/stock/APRU/security
LVVV shares are being converted from Preferred, so they add to the OS number, which is how i came to 250+ mil
I would not be shocked at all if its actually much higher.
250,000,000 X .022 (current price) = $5,500,000... and possible much more...
NON DILUTIVE to LVVV share holders.
Thats a nice return for a $50,000 investment!... and they have no restrictions on how much/fast they can sell because they reduced it to just under 5%
But they own millions of APRU shares. So even if they sold it for .01 they would have plenty of operating cash.
Yeah forget about that massive stake they had in APRU....
If you had listened to bar charts starting last Friday you would have missed the jump from the mid 8s to the upper 12s... even if you were only here to flip you would have missed a 40% return in a week....
Not really a reliable source
How was last quarter disappointing? Up over 100% from Q2 2017.