Well there is no 'proven wrong' here since you aren't taking a position, you are simply asking why is this a good investment, or pink sheets generally unregulated and risky? These are fair questions to ask.
So let's review:
1) Aren't pink sheet stocks unregulated and risky?
A) Absolutely. Never invest more than is appropriate for your disposable income. It is technically unregulated giving the CEO and the board a lot of power without transparency. Which is why once you start going up the 3 OTC tiers (QX>QB>Pink) The requirements/regulations go up rapidly. So you will get a wide variety when it comes to pink sheets. The large majority of pink sheets do not have revenue, are in development stages only, and continuing to dilute the number of outstanding shares to finance their endeavors. For the ones that do well they can begin to report more regularly and potentially up list which is important in growing the business to access: better financing, a different tier of investors etc.) quite often investors only receive minimal information and minimal unaudited accounting statements, often late and most often they do not know how many shares have been diluted until it's way after the fact. You are at the mercy of the CEO and the marketmakers who have a much easier time manipulating Stock. (it happens at all levels even Dow and NASDAQ for sure but most often in Pinks where investors are generally risky gambling types and also emotional so it's easy to play them) Yes pink sheet stocks are absolutely risky but there are enough payoffs and stories to draw in the gambler.
2) Why is AMFE different?
A) They are different in every aspect than a typical pink. The sheer transparency of the CEO and his communications, the continuous messaging, and most importantly he does what he says he's going to do; on time and to our expectations or better.
They BOUGHT shares back. I don't know how many people severely under appreciate that. For a company at this stage in development to actually buy shares back when they don't need to; there are no requirements to and they could use the money to simply develop more and push it or simply pocket the profits themselves. The CEO decided he would strike a nice balance into bolstering his company's strength and reputation to it shareholders. I have NEVER seen a pink buy stock back. Seen plenty reverse splits after massive dumps though!
They have more than one revenue stream where most companies are a one trick pony. (And that pony is still in development.) We have development in the works and growth and scale on the ever growing revenue streams that already exist.
They have hired a accounting firm to do the audits in order to up-list. His goal being OTCQX which requires $.25 as a min, but we all know long-term this company is going into dollars. It will not happen overnight. It will never happen as fast as the average pink gambler will like. (I.e. More than a year) They will cry, they will bash, they will scream scam and pump and dump at every bump , pullback and consolidation. Mostly trying to get a position back in lower than they sold or they are a paid basher. Ignore all of that. Buy on dips and hold hold hold. Think if you bought Starbucks in 1998. Hold it.
All the filings can be found via iHub or OTC markets.com look at the financial statements. Review all his communications, see how well he followed through on everything he said he would. Follow their Twitter page for both Amfil and Grozone.
If you do your DD you will have a hard time being anything but inspired and optimistic. Do more DD on other OTC Pinks, see how they compare. I can tell you 98% won't come close. if you think you found something better, by all means tell us about it. :D (I'd still invest massive here though of course)
Good luck in investing.
PM
AI
