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Because I spoke with RBSM as part of my DD to purchase franchise rights.
You want Facts? Ok
1) share price is up 100% from this time last year
2) number of S&L locations have doubled and is now multinational
3) 9 additional S&L locations are under development
4) acquired a multi million dollar distribution company for 750k shares
5) received a signing bonus for first self published game
6) secured additional exclusive distribution rights
7) AMFE issued a P.O. to Roto for a multimillion dollar contract we received late last year for GZ.
8) quarter over quarter revenue is up over 100%
9) Amfil has almost surpassed all of last years revenues in 2 quarters
10) the PHYSICAL audit ( combing through transactions, inventory and financial statements) is done. They are in the process of writing the disclosures utilizing CFO squad’s assistance.
I’m sure there are some that I have left of but these are verifiable facts in case you didn’t have them already.
Why does it matter? They acquired the company for 750,000 shares roughly $125k and now they have 600 accounts, new distribution channels.... if you asked anyone if they wanted to acquire a company that was doing 18M per year a couple years ago for 125k plus they man who has access to all his old accounts it’s a no brainer. Even if they only get back to 2-3M per year. Add 3-4 sales people and it’s easy to rebuild.
This is my last response. I wouldn’t have responded to this misinformation in the first place but you are insulting a man who’s son was nearly cut in half in a tragic car accident and faulting him for dropping everything to get him the best medical care possible and help his family. It’s obvious your sole purpose here is to bash the company and spread lies but this is a new low for you.
It was very transparent 750,000 shares. That’s it.
Who would you expect to step up in a family owned business under a family tragedy?
Wow... you need to stop right there.
Silvano Racioppo built NSI from nothing to an $18m per year company. Then a tragic car accident (hit and run) nearly killed his son. So he did what any father would do and focused on his family a sons recovery.
Yes, during this time NSI’s accounts may have went else where for goods and his other distribution company moved on with out him but he was focused on family which should be his number one priority.
Now Fast forward, his family is doing much better and it’s time to get back to work. Time to start rebuilding NSI. Ryan a family friend of the Racioppo’s and AMFE accountant brings NSI to Roger. AMFE acquires NSI, for next to nothing, to help our bottom line and rebuild the company Mr. Racioppo built and it’s obviously working!!! They already have 600 accounts in less than a year.
So before you attack a man and his family. Know your facts. This was a smart acquisition by AMFE. It opens distribution channels for us, adds to our bottom line and helped a very motivated man and his family.
Glad to here it.
“a company has to do the business AND stock well, NOT just the business”
Maybe it’s just my ignorance... but how does a company “do stock well?”
In my experience, companies that focus on the stock price end up failing or cutting corners (operationally) to pad their bottom line and it comes back to bite them... especially high growth companies. Which we have here. No one can deny they are growing rapidly. Even if you don’t look at the numbers the number of brick and mortar locations has now double since this time last year and there are 9 more we know of in the works. Just focusing on the sub you can physically see or visit (for all the conspiracy theorists out there)
So please enlighten us on how “a company has to do the business AND stock well, NOT just the business”
Was any one here able to take advantage? I threw a 40k order in at .1 and got skipped over pretty quickly.
I couldn’t get my order in fast enough to catch it Dang it!!!
GZ PRs are somewhat regulated by RotoGro and their exchange. Not to mention every time they announce a deal or working with someone shareholders call the other party and make deals more difficult.
It will be. Let’s think about this logically...
Last Quarter was $3.3M with no season revenue (holiday game orders). So we can consider that to be some what of a base.
During Q3:
What we know:
- first full quarter with midtown liquor license
- NSI is adding accounts exponentially
- we secured additional game rights in March
Based on this, IMO we should be around $4M
What we don’t know:
- $2-3M Gro contract secured last year. We know the facility build out and inspection was supposed to be completed around the beginning of the year and AMfil already issued a P.O. to RotoGro. So if any services or product was delivered they can start recognizing that revenue.
Hope this helps
Does that mean your sell now sticky is coming down since you are a buyer today?
You know JRF is working with Amfil on the Tempe location right? I’ll let you connect the dots
The difference there is Apple has control of its production and product launch. And we have seen numerous companies have production delays. But Apple has been doing them for decades so they are pretty good at forecasting. AMFE doesn’t control RBSM and this is their first audit. Do I think it could have been handled better? Of course, and so does Roger. But there is nothing more he can do except bug the crap out of them to finish what they started...
Our last two PR’s on Morning and breaking into the US were huge, but did nothing for the PPS. The company is making all the right moves for growth but the current investors mentality at this point is focused on a voluntary piece of paper(s). So once that is out of the way I would expect a big company update to be released for the new investors that will appreciate them.
So like many have said, this is the perfect buying opportunity due to all the obvious growth we see. No one can deny this. There are brick and mortar locations going up and real companies being added to our portfolio.
GLTYA
There is reasoning behind it. But if I am wrong feel free to say “I told you so” after next week.
IMO it will be out next week after April 17th 2018. Specific enough?
IMO it will come out after Tax day.
Volume has nothing to do with what I just said. Except for people selling me shares. I do have bids in but they have not been filled yet because no one has sold to me yet.
@Macod I don’t really know how to do that and at this point I’m not sure I really care to go through the effort. After speaking with the leadership several times, seeing the obvious growth and looking at all the DD I know what I own and I don’t need a piece of paper to tell me. It’s easy to see this stock should be higher than it was six months ago based on the growth. But if people can’t see that then they should really reconsider their investment strategy. It is just really sad to watch posts that try to manipulate and toy with peoples emotions in a dishonest manner. But hey, if people want to continue to sell me shares at this level I am fine with that.
GLTYA
Hey JSEE got your pm. If you send me your email ill send you the info. I’m in Charlotte NC
I agree. Since, talking with the Amfil leadership, watching the obvious growth and there are a few I follow on this board and talk with outside of iHub I know all I need to know about my investment here. It’s sad what iHub has let this turn into but if you trust your dd and look to some some of the Longs dd this couldn’t be more obvious.
Does anyone really think an outside investor would fun 7 locations without digging into the financials/audit? (The most obvious point of DD in my opinion). All this shall pass
That is not correct. Please re read the auditors engagement letter (link below) they are auditing only fiscal years 2015-2017. NOTHING MORE! Now yes AMFE will have to tweak some accounting methods for the quarters going forward based on this. ( we know this from Roger’s tweet and it was actually positive).
https://backend.otcmarkets.com/otcapi/company/financial-report/179045/content
Could not be further from the truth. AMFE has not been included in ANY paid PR’s. News/tweets do not come daily, our ceo doesn’t comment on the investor FB page. At best, we get an update every two weeks.
Nothing wrong with the audit, they just take time. I have been involved in numerous audits/ consulting projects etc being a technology consultant. They never finish in the time frame given.
But, while the short sighted investors look at the audit, I and other smart investors are looking at the fact we will have double the locations we had at this time last year, added two more acquisitions, increased sku’s and accounts (volume) by nearly 100% and GZ now has a multi million dollar contract (one we know of there are others possibly based on Roto PR).
So I will continue to buy at this level because we have done so much over the last 6 months and I believe the pps will catch up soon.
GLTY
If you want fluff updates and pumping they have that too. They are tagged or release a PR nearly everyday.
Well you were right that didn’t take long...now people are chasing haha.
Too many great growth initiatives under way to pass up buying at this level. In a month, people will be kicking themselves they didn’t take advantage.
Ha! And start over? Good logic. A fast growing company needs investors that are forward thinking and invested long term. Unfortunately, the majority of the pinks don’t think that way. So time is of the essence (even though we are way over due) to get off the pinks ASAP, where people will actually value the growth Amfil is producing and not a stupid pierce of paper.
Let them sell or try to be dishonest and create fear JRF already said it earlier but are people really going to sell over a piece of paper that a 3rd party controls?
Forget that, look at all the growth! Also verified by 3rd parties ( I.e. roto Pr). Do people really think verified outside investors would fund full build out of new SL locations if the company wasn’t in good shape? Keep in mind they signed an NDA to learn about the company before the investment was made.
Bulls need to take back this board. The company has grown a lot in the last 6 months (midtown, morning, NSI, roto announcement, US location(s)) so now you have the opportunity to out think the short sighted typical pink investor and pick up cheap shares of a company that is going to put up $20M in annual revenue and only trading at 3-4x.
I know myself and some other long’s will happily take anyone’s shares in the sub teens.
You’re welcome. Happy Holidays everyone. Exciting times ahead
Could you provide any DD to back that up? Last I saw, Gro had a multi million dollar contract (confirmed by RotoGro) and IK is trucking along making a few hundred thousand a year and pretty self sustaining.
What changed?
And yet last Christmas we were up 1000% from March 2017... so still growing.
That’s a 30% return. I would take that all day long. Any body would
Which is exactly why they switched to alternative reporting a few years ago... and now they are ready to go back to the show
Yep. He has stopped by AMF$ several times over the last year to spread his nonsense.
IMO both companies are making strong moves forward and the PPS will soon follow
Thanks Tuna!
Haha yeah. He actually went to school in Asheville for a bit
I’m actually in Charlotte, NC. But I’m sure the north east will have something one day.
Haha don’t loop me into that rabbit hole.
Still very early in the process. But I will share what I can if things progress.
GLTY
Haha sorry. Had to sign an NDA so there isn’t much I can share yet. Rooting for JRF so we can build off that momentum on the east coast (and as a shareholder of course)