Amfil Technologies Inc (FUNN)

[User-65225]

Show proof they are not diluting..

Not only are they not diluting, the OS is shrinking and buybacks are about to start, per the CEO.... but even if they did need to sell some shares, Is it a big deal?! LOOK AT WHAT THEY ARE ACHIEVING WITH NO DILUTION. They are executing at the level of a big board stock... They've been NET profitable for 2 Quarters in a row.

From the Q1 PR...

This was before the 47% share reduction...

Our outstanding share count and public float with the DTC did see a slight increase this quarter to 741,043,098 and 192,859,481 respectively. This was attributable to a combination of debt reduction mostly related to audit/accounting costs, long standing funders who believe in the company's success and the acquisition (bearing restrictive legend). This is quite rare for our company to anyone that has been following for some time but was necessary to help clean up some overhanging debt and help our positioning moving forward. The company has for the vast majority always funded in-house so to speak through friends, family and close friendly shareholders and has never in the past or will in the future sign a toxic financing deal which is one of the major contributing factors to our public float being 192,859,481 which is cumulative since the company's inception in 1985. Additionally, the company has also never had to recapitalize or roll back its shares over the past 31 years and is proud to have every shareholder big or small from the past, still a part of our company today. Of the $494,297 in remaining liabilities, $239,171 is loans from management to the company and non interest bearing, sales tax payable of which the vast majority has been paid off in Q2, accounts payable and accrued liabilities from ongoing day to day business and prior audit fees which a large portion has been paid and will continue to be paid throughout Q2 as well as a