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You just took what I sent you as my personal reasons for investing in AMFE and published them without asking?
Not even close! Hahaha by that logic AMFE already hit a buck and E@&$ actually went up at some point instead of the 50% decline over the last year
There is a lot of DD on this company. You may want to check out the stickers up top and some items RS and others have posted over the past couple days. Below are the most important points to me in summary
1) revenue is $9M in the first two quarters this year (Q2 ended 12/31/17) last year ( ended 6/30/17) was 6M. And they are profitable while rapidly expanding.
2) AS and OS have been reduced to 600M and less than 500M
3 they have numerous revenue streams ( distribution, cafes, game exclusivity, game publishing, cultivation infrastructure equipment (clean growing), franchising the SL cafes)
4. CEO is very transparent. This can be confirmed by two recent emails posted here on the board discussing the audit and other rumors.
5) uplist to the QB will happen. At which point the smallest sub will be spun off and an acquisition will be made under the new ticker. Every share holder will receive a 1 time dividend in the form of shares of the new company.
Link to 2017 review.
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Provides-a-Summary-of-the-2017-Company-Accomplishments--Milestones-Hit-to-Date?id=178752
This is why I have invested here. Please do your own DD and the simple math.
Good luck!
The most painful lesson in patience ever. There are areas that are flat or even decreased. But this chart should be a perfect lesson for anyone who is freaking out over the last 7 months.
Yeah I guess the 430k volume in the first hour of trading today must be a conspiracy amongst all the reporting trade platforms right?
Is there a new type of fire that burns in water? Would be hard to be drowning in water and be on fire.
Yes. It started Friday at 675k at .145 then went to 650k at .15 now 600k at .158. Not many selling of the ask.
Oh man! The Maple Syrup federation is no joke. If you don’t know about this go watch “Dirty Money” on Netflix. Whole episode on this and on of the largest heists in Canadian history. Someone stole $8M worth of maple syrup to sell on the black market hahaha crazy
Exactly! Why do people pay WalMart to be one of their vendors? RAPID DISTRIBUTION!
Now it’s a $10,000 water bill haha? What’s next are you going to tell me all the charity work the company is doing with educational games is a cover for AMFE to sit around and hit on elementary school teachers?
Why are you fighting this so hard? Just buy some shares and make some money or move on. We have already been given some good indication today of what is coming this week. Why fight it?
NSI right now just seems to be icing on the cake and will be adding over a short period time as they re establish relationships (not to mention this was a steal for only 750k shares).
But think of this. They are building a massive distribution network right now (NSI and SL) and if the want to get a new product off the ground or acquire an up and coming product they can hit the ground running fast. They will have the network, channels and contacts to get a new product on shelves fast.
People are going to be approaching AMFE to be their distributor not the other way around.
NO RS. Confirmed below just last week
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https://pbs.twimg.com/media/DWG2ixKWAAAPBkh.jpg
Here you go. Email from roger posted by Seaton answering your RS rumor.
Re: Plowmaster Post# 102786
My 1 post today, Email from CEO Roger himself:
Per request of CEO Roger, here is what he has to say about these ridiculous rumors:
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https://pbs.twimg.com/media/DWG2ixKWAAAPBkh.jpg
NSI heading right back to $18M
Posted By Bushman this morning.
Here is the response I received from Roger. I am really starting to love this company.
From: Roger Mortimer <roger@amfiltech.com>
Date: 2/19/18 11:37 AM (GMT-05:00)
To:xxxxxxxxxxxxx
Subject: Re: Shareholder Question
Hey Michael,
Thanks for reaching out and for the kind words! I am glad to hear you are a part of our great company! Let’s have a great 2018!
The audit. Yes. It’s frustrating that it’s taken longer then originally expected but I think maybe the auditors didn’t realize the multitude of transactions that they would have to go through when we signed the engagement letter and they gave an estimated date of completion. The truth is as I mentioned in our recent pr’s is that it’s super close to being done. Every day I feel like we are going to get the good news. Our item requests started out pages long, every time we got through the list another one would be sent that was pages long. An audit is not a fun process to say the least. Lol The requests became smaller and smaller over time and the last couple of requests have been one item here one item there which is why I know any day now we are going to get the good word.
All I can really do is say what I have been saying and reiterating in that, it’s coming soon. It’s frustrating for me that I can’t give a more concrete answer but I’m really just at their mercy until they complete it. I also feel that constantly saying coming soon can agitate someone not first hand going through the process and just wondering why it took so long overall. Good thing is that going forward it will be a much smoother and timelier process as we will never have to do a large multi year audit again with a new firm that has to create opening numbers from scratch. They can continue on from their own numbers and will be familiar with our file.
So unfortunately I can really only be a broken record here and say it’s coming soon. They were hoping to be done last week and we’ve not been asked for any further items since. It could very likely be done this week but I’ve been wrong before and I don’t want people to get their hopes up only to be let down again. But I can say I believe we will have it in the matter of days, not weeks which is what I’ve alluded to in recent press.
Hope this helps! Thanks for being a part of this great company and let’s see where the next few weeks/months will take us as should be some exciting times ahead!
Enjoy the rest of your long weekend!
Roger
Replies:
clearly, as you can see from this email,
Subjugator on 2/19/2018 12:23:40 PM
Bam!!!! That was easy! Thank you for sharing,
Juancy on 2/19/2018 12:24:13 PM
What new information did we learn from this
i_Trade on 2/19/2018 12:31:00 PM
Thanks for sharing Bushmantrade... Great stuff.....
garsena872 on 2/19/2018 12:51:03 PM
Nice.
magikalalpha on 2/19/2018 1:16:41 PM
Excellent...Roger's response confirms what many knew..and i really
frontloading on 2/19/2018 1:21:30 PM
Great news, updates like this quiet the whiners,
syboman on 2/19/2018 1:34:02 PM
Nice...."They were hoping to be done last week
JACKPOT on 2/19/2018 1:46:01 PM
I'm glad you got a response you were
MD-420 on 2/19/2018 1:54:01 PM
Nothing new in his response, except for the
Macod on 2/19/2018 2:02:59 PM
Awesome. Thanks for your efforts
PennyStockin on 2/19/2018 2:07:24 PM
Report TOS
“Restaurant is flop sector, not any interest there”
Have you alerted the investors of Dave and Busters, Shake Shack, Starbucks or McDonalds?
This is valuable information they may need to know IMO.
Thank you for enlightening me that AMFE only does restaurants and franchises. I will make sure to ignore the 5-6 other revenue streams they have.
This is getting better and better. Last week couple weeks, claims of a RS. An email from the CEO was sent last week and posted to this board debunking that rumor. Then about how long the audit is taking and if there is even an audit. An email came out today, where it was confirmed that we are getting close to the audit being completed. Now we have moved on to if the audit is clean. SERIOUSLY?! The audit was voluntary. Why would a CEO invoke a voluntary interrogation of his business if there was something shady with the books? I’m sure there are some minor discrepancies, every company has them. But really, it is getting sad how far the rumor mill is reaching now to try and shake out the weak.
DONT FALL FOR IT! ALL THE DD IS POSTED ALL OVER THIS BOARD. If you have a constructive issue to discuss bring it up and be ready to back it with facts.
That statement most likely applies to companies that are audited on a yearly basis. Not one who is going back 2-3 years across multiple subs for the first time. All the disclosures have to be written, thousands of transactions to look through, lots of documents (bank statements etc).
Got your PM. That’s an excellent idea haha
Receiving a P.O. is not the same as revenue recognition...simple business. It’s the same with board games, water, energy drinks, or cultivation equipment.
It’s not an excuse it’s an accounting principle. The client can not accept ownership or have liability for that asset until it is in their possession. Why? Depreciation of assets over time. Any of those equipment purchases you discussed would have had what is called “acknowledgment” or “declaration of ownership”in the agreement where the asset changes hands or the liability is transferred.
I can’t help you but I can toast your glass of crown with my glass of woodford and say agree to disagree...
You can receive a P.O. where there is no term of convenience (ability to cancel the contract). You just don’t accept liability for the asset until it is delivered. The PR said they received a P.O. nothing about revenue.
You don’t pay for equipment until it is delivered!!! I know this because I have sold mainframes. We couldn’t recognize revenue until they left the loading docs. It was stated in the RG PR that delivery hadn’t been set yet. Could be a delay due to government inspections, client construction delays ( we know what that’s like) or any other number of reasons.
Not really since it is the same thing roger said on “my two cents” a few months ago” you can also see at the top of the image where google id picked up the email address and affiliated the contact with Roger.
Can’t claim revenues till the build is completed... however this project was confirmed in a Pr and quarterly report by RotoGro. It’s not like we can tell our clients to build their facility faster or Health Canada to hurry up.
You don’t know GRO3 isn’t producing. The last pr there was 1M+ P.O. with more to follow from the same client. There are several people on this board who have talked with growers that are prospects and knew exactly what GZ was. There is even a presentation posted by MPX (Owen sound) with Roto in it. What people forget is that the PRs for GZ can be limited because of the Australian exchange regulations Roto gro has to follow. They usually can’t announce PO’s until the money is actually in the bank.... IMO we will get a GZ update in the next month.
They can keep trying and we have seen attempts... this week some one dumped 300k (I believe we all know who) in 20min and they were gobbled up quick and we didn’t break .14. Bounced right off the 200ma. As the week went on the base support has creeped up from the low .14’s to the upper .14s and as we saw Friday, A large bid creeped from .145 to .15, because no one is selling into it. Knowing what is coming in the short term (even if you aren’t planning to be here for a year, which isn’t my plan) you would be crazy to sell now. But if you don’t believe me go read the SEC filings, the PR’s, the SL instagram, Twitter etc and make your own decision. I can assure you that new 10,000 sq ft midtown location is not run by two people sitting under a jack in the box.
Haha no way this dips to a dime. Longs would be loading up millions
Ok just some simple math to help out here.
“Volume only 700,000 needs to be over 2/3 of a million”
2/3 of a million = 666,666
700,000 > 666,666
Make sense?
Besides the audit or the construction to midtown (both timelines controlled by 3rd parties not Amfil), is there another timeline that has been missed? If so please feel free to share.
Yeah that 650k bid was tiny... you are right.
Thanks GB. I hope to bring SL to the Carolinas one day... but we shall see. Time for some woodford and olympics. Have a great weekend.
Got your message tuna. Right there with you. I have posted my email a couple times here. I have gotten to know a few of the Longs our side of the board here over the last year. Great little community we have here.
Congrats Aggie. You’re the 10th or so Long I have met here over the million mark.
Ready for the institutional investors to step in and try to grab their million!
It is not a fairytale. I watched it move from 675k at .145 to 650k at .15. Roughly the same amount of $
Dog man. Got your PM you can send me an email cchumas@gmail.com
Some serious bidders sitting out there. This afternoon should be interesting.
You might want to look at his post history before making such accusations..... he has been around here awhile and has a large stock pile of AMFE shares. I think you might be mistaken