AI
Wednesday, March 14, 2018 3:17:48 PM
Summary of AMFE Fundamentals and updates:
(This is all in a rough draft form... No where near a finished product yet, but functional.... If anyone has anything to add to this or sees a correction, let me know, but reference a legit source).
Audit/ Interlock Kings Spin Off, Dividend Share Pay Out to Shareholders:
-The road to uplisting, spin off of Interloc-Kings, and the share dividend payout for the spin off begins with the audit completion.
OTCMarkets Press Release discussing Process of Uplisting and Spin Off/ Dividend Share Payout
June 21st, 2017
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Announces-Shareholder-Dividend-From-Subsidiary-Spin-Off?id=162673
-Audit is to be released soon, said to be complete and in final formatting and revision stages.
-The CEO transparently disclosed some mistakes that were found during audit, and those mistakes actually ADDED $1.5 million to the fiscal 2017 year, and a couple hundred thousand to the fiscal 2018 year. This was because AMFE reported net revenue on some transaction mistakenly when they were suppose to be reporting gross revenue for everything. While agreeable that this was a silly mistake, it is among the best mistakes that could have occurred when going through an audit. Better than losing revenue to a mistake. AMFE's CEO has been VERY transparent, informative, responsive, and communicative.
Sources:
https://twitter.com/AmfilTech
AMFE Tweets from March 7, 2018 and March 11, 2018 that relate to audit updates.
-AMFE will uplist to the OTC-QB upon audit completion. They've already filled out the paperwork and registered with the SEC, the audit is the only hold up. AMFE otherwise already qualifies. AMFE targets the OTC-QX and NASDAQ next per the CEO.
OTCMarkets Disclosure, OTC-QB Filing
https://backend.otcmarkets.com/otcapi/company/financial-report/185842/content
-After uplisting to the OTC-QB, AMFE is spinning off Interloc-Kings subsidiary. They are waiting to spin off Interloc-Kings until after the uplist so that the new company will also be on the OTC-QB and have their audit up to date. The plan is to build a 2nd company like AMFE using the same model used to build AMFE. Interloc-Kings was the initial subsidiary that AMFE was founded upon. It my not be the flashiest subsidiary, dwarfed by all the other subsidiaries AMFE has acquired over the years, but it is still net profitable, pays the bills, allowed AMFE to purchase the other subsidiaries, prevented dilution even in the beginning stages, and won't be missed by AMFE as the other subsidiaries are flourishing and again dwarfing Interloc-King's contributions.
-Upon spin off of Interloc-Kings, AMFE is paying out dividend shares to shareholders who own by unknown date yet (as all rest on the audit completion). This is to compensate for the loss value being taken from AMFE from losing the Interloc-Kings subsidiary. However AMFE will hardly notice it is gone as AMFE's other subsidiaries are flourishing an again dwarfing Interloc-Kings.
-There is no need to worry about the audit. The whole process is nearly complete. Sure the audit has taking some time, the Audit Engagement Letter (binding contract for audit performance) was signed August 10th, 2017 and filed on OTCMarkets.com September 7th, 2017. It should however be no surprise it is taking awhile because it is quite a complex project to perform a baseline intial audit on any company. AMFE entered a binding contract with auditing firm RBSM LLP. and is paying for an audit that will cover a 3 year span of time ending June 30th, 2017, that'll cover multiple subsidiaries and their booking prior to AMFE's acquiring them for the same 3 year time frame, not to mention government and international transactions that take time to gather information and receive requested information from, AMFE has a large inventory that had to be traveled to different location (stores, warehouses, etc.), counted, and inspected, etc. AMFE is a Canadian company trading on the US market and the auditors only dealt with AMFE on a week to week bases, changes required and information requested took time as they only talked once a week. AMFE's audit being voluntary for voluntary purposes of uplisting put them in a position of lower priority compared to other companies already on exchanges with mandatory auditing per the exchange guide lines. Auditors don't work on a single audit at once and depending on the staff and dedicated staff performing the audit, it is no surprise the audit is taking time- even investors here in AMFE who are professional auditors themselves stated this.
-There is no concern about "cooked books", scams, shady practices, etc. There was a minor mistake found in AMFE's book keeping, and as mentioned above, it was a mistake that actually made AMFE look significantly better than they thought as they were reporting revenue in net and not gross. Which means AMFE was more profiting than they originally thought and reported. There is no cooked books, who cooks books for losses? Why? over 1.5 million dollars was added to AMFE's released revenue for 2017 and a couple hundred thousand dollars for 2018. Doesn't sound like cooked books. If there was some scam or book cooking, it is highly likely the auditors would have spotted that right away and have backed out of their contract with AMFE. AMFE has a binding Audit Engagement Letter Contract that already puts AMFE on the hook to pay $45,000 for the 3 year audit plus other audits going forward. They wouldn't be doing this if they were up to no good.
-Keep in mind, this whole audit and uplist process is again voluntary, who voluntarily subjects shady practices to be audited? And in the mean time AMFE is not diluting shares, so they have no reason to "pump hype" for any temporary stock price pump that'll just be dump again. IF they were diluting that'd be a different story. AMFE has been performing share reductions to both the Outstanding Common and Authorized share counts, and the fiscal 2018 year quarterly reports show no dilution, just share reduction.
Gro3 and Joint Venture with RotoGro, AMFE "Pot Stock" Affiliation:
-AMFE is still a "pot stock" due to its subsidiary Gro3 and joint venture with RotoGro, which has brought in revenue and is NOT some 1 hit wonder. Gro3 has 2 active contracts (1 worth 1.15 million dollars, the other worth 2.5 million dollars). Gro3 is currently BEING TESTED, licensed, improved, the facility is being built, the whole ordeal is a slow process. These systems aren't as expensive as they are because they're installed quickly, there is a bit that goes behind them. News is held up on the 2 contracts being worked on, more news is expected soon per the CEO, once those contracts are completed they will get more contracts. The first contract is always the hardest as you have to convince someone to buy a product not yet customer reviewed/ tested.
-AMFE is also a "pot stock" with its joint venture with RotoGro, as their system marries with Gro3. RotoGro is the growth system, Gro3 is the all natural organic sanitation system. AMFE gets a commission from RotoGro sales that AMFE is responsible for making especially when paired with their Gro3 system.
-Gro3 is a patent pending unique system that is the perfect solution to sanitizing consumer products specifically targeting the pot industry, but can be used on fruits and veggies, and poultry and eggs too. It is an all natural sanitizer/ pesticide that is safe to use because it takes an Oxygen molecule in it's natural O2 state, separates it with an electrical charge into 2 separate oxygen atoms that then form bonds with other oxygen atoms forming O3 molecules known as Ozone (same that makes up the ozone layer). O3/ Ozone is toxic and kills bacteria, viruses, pests, mold, fungi, etc. Fortunately however, O3 is not a stable molecule as oxygen prefers to be in the O2 state, and the O3 eventually splits off an oxygen atom that pairs up with another free oxygen atom to form O2 again. Plain old life sustaining harmless breathable oxygen again. Oxygen only remains in its O3 state for roughly 10 minutes, so by the time the consumables reach human consumers, it is back to a harmless state. Wile in the O3/Ozone state, it is mixed into water and sprayed on he consumable being treated, killing all bacteria and such, getting into every nook and cranny, making it a safe and effective way to sanitize the consumable. The water can be reclaimed, filtered, and reused, though the water often is consumed by the plant it is being sprayed on. Watering the plants.
-RotoGro is an Australian company with a system that maximizes growth potential and reduces the crop footprint, allowing more production to be grown, and maximizes the nutrients provided to the plants while monitoring and controlling the levels as to not allow nutrients to go wasted. RotoGro is said to yield up to 10 time the same crop per square foot. RotoGro works by rotating plants inside a hydroponic drum shaped machine around a light bar where all plants spend time upside down and grow with gravity assistance. Being wrapped around a light bar allows more plants to be planted inside the same footprint. The system analyzes the input and output of nutrient to monitor what is being taken in via the plants and regulates the nutrients inputted to prevent waste, but to also maximize growth. The system can be remotely controlled and monitored from anywhere in the world with internet connectivity. The systems are stackable to further maximize the growth potential per square foot, allowing more production yield. RotoGro also works especially well for indoor facilities, being indoors helps with preventing pests, especially when paired with Gro3.
-It is best to use a Gro3 system once federal mandates for testing of all consumer products like pot once fully legalized and federally regulated to insure the crops are safe for consumption, ensuring levels of pesticides and chemicals used by the grower are not above harmful levels. If the levels are above thresholds, the grower will forfeit the entire crop the sample came from to the government where it will be destroyed to ensure it doesn't end up on a black market. Your choices are to grow organically, risking pests, mold, fungi, bacteria, etc. and losing your crop to it thus losing revenue. To use chemicals and pesticides and risk failing the tests and forfeiting your crop and losing revenue, or using Gro3 which is FDA/ USDA, and Health Canada approved and proven to be a safe and effective way of sanitizing and killing pest, but being safe for human consumption. Which will pass a lab test, not risk your crop, and you can confidently grow your business. Literally. Fast and efficiently too if done so with RotoGro.
-Just speculation, but AMFE Tweeted on January 4th, 2018 a few Tweets that speculates some potential clients Gro3 is dealing with are big cannabis companies like Canopy Growth Corporation (TWMJF), GW Pharmaceuticals (GWPH), Aurora Cannabis Inc. (ACBFF), and Corbus Pharmaceuticals Holding Inc (CRBP).
https://twitter.com/AmfilTech
Tweeted January 4th, 2018
-While we wait on Gro3 in the meantime, subsidiary Snakes and Lattes is doing VERY WELL, bringing in TONS of revenue and GREATLY expanding, ultimately stealing the spot light from Gro3 right now. Do you really care where your revenue comes from? It's just as green. Gro3 for the time being is being deemed the "wild card" subsidiary full of potential but still in a developmental stage. Meanwhile other subsidiaries are in a full bloom revenue making stage, and AMFE doesn't distinguish the color of money regardless where it comes from.
Snakes and Lattes:
-Snakes and Lattes is currently probably AMFE most successful and profit making subsidiary with tons of untapped potential in the workings.
-Snakes and Lattes is franchising out their game board cafe concept which has been proven highly popular successful with a massive and diverse selection of board games, food, alcoholic and non alcoholic beverages, etc. They are probably the face of the industry and so popular they even charge a cover charge for admission and often has a 2 hour wait list. They also sell games retail, etc. both at their stores and online.
-Snakes and Lattes is currently actively working with an investor to open a franchise location in Arizona, USA as the first store to open in the USA. They have plans to open 50 stores over the next 2 years (some franchise stores, some cooperate owned stores) all across the USA, Canada, and London. Snakes and Lattes plans to make Toronto, Canada the overall corporate HQ, and will make Chicago, IL USA the USA corporate HQ.
-Snakes and Lattes has a partnership with major company Lending Loop to support the financing of the franchising, and to provide a PR fim, etc.
-In December, 2017 Snakes and Lattes opened their 3rd and largest corporate owned gaming cafe in Midtown. Midtown's location is supposedly as large as the other 2 locations combined and is in a high foot traffic location. The business is booming at all 3 location, they have high reviews on Yelp, etc. The other 2 locations are in College Town and Annex, all 3 are based in Toronto, Canada.
-In February, 2018 The 3rd Snakes and Lattes store in Midtown joined the other 2 locations in receiving its liquor license, which doubled revenue at the other 2 location and is anticipated to do the same with Midtown.
-Snakes and Lattes has exclusive game distribution rights to many games including major game titles like Cards Against Humanity, Exploding Kittens, and Bears vs. Babies. Snakes and Lattes seems to work with gaming projects found on Kickstarter.com that have proven interest, and works out distribution deals with those projects and it seems to be a lucrative model. Exploding Kittens and Bears vs. Babies are 2 examples of games Snakes and Lattes closed distribution deals with, and they were 2 of the top funded/ backed games on Kickstarter.com.
-Snakes and Lattes is also running a "Game Developer Night" at their stores which is a wonderful test bed for games they're developing, and is working to become a gaming publisher which can be a VERY lucrative business. Speculation is 1 well received published game can net over $50 million. Snakes and Lattes hired a well known Hollywood graphic design aritist named Daniel Bieber to help with the game graphic design and presentation. He's a distinguished graphic designer with extensive experience in major Hollywood films and TV. This highly talented individual has over 10 years’ experience in entertainment advertising including theatrical, television, home entertainment, and gaming, and he specializes in art direction, typography, retouching, and conceptual design. AMFE has retained the services of Daniel Bieber, whose impressive portfolio includes work on film and television titles including; Game Of Thrones, Entourage, San Andreas, Mad Max, Limitless, The Martian, and many more. Daniel will be working with the publishing divisions design team to produce cover art work, packaging, game surfaces/game pieces, and advertising for the newly created game titles. To view examples from Daniel’s portfolio, visit www.dbieber.com.
-They're working on new acquisitions to compliment the Snakes and Lattes subsidiary. Supposedly in 2017 they acquired or were working to acquire some cloud based software company that was speculated to be useful for the franchising plan of Snakes and Lattes. Admittedly not a lot of information was released about that one.
-Snakes and Lattes has a partnership with major companies like Cineplex doing joint gaming nights, etc. This brings the popularity of board gaming to Cineplex's bottom line while promoting Snakes and Lattes to a larger customer base.
-There were mentions of other deals and partnerships with major companies like Nintendo that were never really mentioned again. Who knows what became of those, if AMFE is still working with them, or if the deal fell through. When it came to Nintendo for example, the partnership was based on doing a game night that promoted Nintendo and the new Nintendo Switch system. At this point, he status of these deals is not very important, Snakes and Lattes is obviously flourishing regardless if a deal was made, followed through on, or if it fell through. Sometimes deals fall through for all companies.
-Supposedly GameStop is beginning to sell board games and AMFE was distributing some of those games to GameStop. Another example of a major company that AMFE is working with. Along with other companies like Amazon, Walmart, etc. The distribution sector is quite profiting and large.
-Snakes and Lattes also runs a school and community outreach program, it is their way of giving back to the community while kind of promoting themselves.
-Snakes and Lattes is doing so well they even are one of the few if not only companies that publicly supports raising the minimum wage of employees to $15/hour, which would effect them, though they already pay employees greater than minimum age in attempt at employee retention since to train an employee is a long process, but a fun job to work.
Natural Stuff Inc.
-The newly acquired international distribution subsidiary Natural Stuff Inc. that was acquired just months ago in late October, 2017/ early November, 2017 already has grown its customer base by 66% and flourishing, including increased products being distributed. Currently they distribute 28 Black energy and alcoholic drinks, HBCI bread products (white, wheat, buns, bagels, etc.) with a first of its kind proprietary clean label blend that gives it a longer shelf life of 35 days compared to that of most breads with an industry standard of 9-12 days and bypasses the expense of dehydrating trays, Planters nuts and snacks, Metzger meats, and varies products from Conagra Brands.
https://www.otcmarkets.com/stock/AMFE/news/story?e&id=1008621
-Maybe Natural Stuff Inc. is not the most exciting business model like Snakes and Lattes or Gro3, but it is definitely bringing in revenue and has a very large potential. Prior to acquisition, once upon a time Natural Stuff Inc. was doing an $18 million in revenue previous to a tragedy that lead to AMFE acquiring the company for a great deal. The company founder Mr. Racioppo's son suffered a horrific car accident and since the company suffered as Mr. Racioppo focused his attention to his son and family. AMFE purchased the company from the Mr. Racioppo, but hired the Mr. Racioppo on to oversee the company with his 25+ years experience in the industry providing him the ability to see his company flourish while also being able to focus on his family too. It has worked out so far for both parties and AMFE hopes to restablish the company and restore most of the $18 million obtained before if not more.
-AMFE paid only 750,000 restricted shares for the acquisition. At the time of the acquisition those shares were valued no more than $0.175 per share making the acquisition cost valued at $131,250, but restricted shares cannot be sold immediately and their is a process to selling them. Ultimately those shares are only worth what the AMFE share price is worth at any time, so it should bring confidence that the Natural Stuff Inc. founder Mr. Racioppo saw potential in AMFE to sell his company to AMFE for restricted shares he couldn't sell right away. AMFE hopes to reestablish the company and restore most of the $18 million obtained before if not more.
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Announces-The-Acquisition-of-Natural-Stuff-Inc-Distributors-of-28-Black-Amongst-Other-Products?id=173923
-Many client accounts and additional brands for direct store distribution (DSD) having now been able to return to actively focusing on his business. DSD companies are not a ‘drop and run’ type of distributor. DSD reps carry inventory on their trucks, assess what the retailer needs, then pick from the truck, invoice, merchandise and collect payment. Product positioning and placement at retail are vital to the success of each product. DSD companies typically guarantee the sale of their products. Premier DSD companies, like Natural Stuff Inc., maintain a low return rate against a high sell through across their product lines.
-Natural Stuff Inc. is poised to become the premier DSD company for major Fortune 500 CPG (consumer packaged goods) companies to small format channels in Canada, including the convenience, gas and drug channels. Very few major CPG companies have a DSD model and therefore are not maximizing the potential sales through these lucrative channels. As mentioned above, Natural Stuff Inc.’s client base has grown from approximately 300 accounts upon acquisition to over 500 accounts currently, a 66% increase in two months. Mr. Racioppo has also recently secured some key deals to expand the product lines being distributed through Natural Stuff Inc. Natural Stuff Inc. is actively negotiating distribution deals with several major Fortune 500 CPG companies, with two of these deals to be announced shortly once they are secured.
-Natural Stuff Inc. can also be used to compliment the Snakes and Lattes subsidiary once franchising kicks off.
Interloc-Kings:
-Interloc-Kings may not be nothing flashy, but it is a very successful profiting business. It is a snow plow/ contracting business that brings in good revenue that has been dwarfed many times over by the other subsidiaries. Interloc-Kings brings in 6 figure revenue vs. 7 and 8 figure revenue that is brought in by the other subsidiaries. Thus Interloc-Kings has been selected for a spin off to create a new company like AMFE from like it originally was used to form AMFE. Interloc-Kings was AMFE's first subsidiary, where it brought in enough revenue to pay the bills and acquire other subsidiaries, expanding the holding brick and mortar company. However Interloc-King's contribution to AMFE has been minimal compared to the other subsidiaries. When spun off, shareholders will get compensated with dividend shares in the new company. They are awaiting to spin off Interloc-Kings until after AMFE uplists to the OTC-QB so that Interloc-Kings will begin on the same OTC-QB exchange and not have to go through the entire uplisting and audit process again. AMFE already qualifies to uplist to the OTC-QB, they are just awaiting the audit completion which will be any day now. It has been reported as complete and the final touches are being applied.
-AMFE plans to acquire more subsidiaries, and the company formed with Interloc-Kings too will acquire new subsidiaries that they can take risks with without hurting AMFE's branding. The two companies can always be merged back together again in the future, though AMFE may continue growing new companies, spinning off other companies if and when the time is right.
AMFE, the Company, Share Structure, Cash Flow/ Financials, CEO, and transparency:
-AMFE is a well diversified holding/ brick and mortar company with several subsidiaries that are ALL doing very well. Though AMFE is listed on the market as a "pot stock", who cares if the revenue AMFE is bringing in is not primarily from "pot stock" sources, THE REVENUE IS GREEN!!!
-AMFE reduced their Authorized Share count 33% from 900 million to 600 million in good show of faith that they have no plans for mass dilution any time in the near future, and gave a verbal commitment per a radio interview in 2017 to keep the Outstanding Share count below 500 million. This shows company strength in revenue and lack of need to dilute to pay for any expenses. So far AMFE has held their word and has kept the Outstanding Share count below 500 million.
OTCMarkets.com Press Release
August 28th, 2017
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Discusses-Upcoming-300M-Authorized-Share-Count-Reduction-Common-Share-Reduction--Other-General-Up?id=168351
-AMFE's Outstanding Share count use to be nearly 795 million shares. They did a 47% share Outstanding Share reduction to just under 445 million shares per a PR released March 8th, 2017. All 350 million shares that were reduced were retired were exchanged for preferred shares that do not count against the Outstanding Share count.
OTCMrkets.com Press Release
March 8th, 2017
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Provides-Update-on-Recently-Announced-47-Reduction-in-Outstanding-Share-Count-and-Snakes--Lagers-?id=152848
-AMFE has performed another 20 million Outstanding Shares reduction, as Snakes and Lattes founder and now President of Snakes and Lattes AMFE subsidiary Ben Castanie has converted his common shares to preferred shares. Ben converted his 20 million common shares to preferred shares and the 20 million common shares were retired or no longer counted against the Outstanding Shares. This was mentioned that it was going to happen in the future per the PR above released to the OTCMarket.com on March 8th, 2017. It officially occurred per a Tweet on January 22nd, 2018.
https://twitter.com/AmfilTech
Tweeted January 22nd, 2018
-Rumors of a reverse split, or "confirmed" reverse split being spread by select and very few known "liars" attempting to spread fear are 110% false. AMFE has reduced their Shares Outstanding as well as their Authorized Shares counts, and have stated repeatedly that they intend to grow the share price along with the company organically. AMFE has denied any intentions of a reverse split, and the entire conversation about a reverse split is only even being talked about by those simply trying to spread fear. AMFE has no reason to reverse split even from a logical stand point. The shares outstanding count is relatively low, and the company already qualifies for their goal to uplist to the OTC-QB market once the audit is finished. They stand to gain no benefit at all from a reverse split, so logically there is no reason to even do one. Again, the company has denied one has ever even been considered. Ignore the false rumor, especially if you hear it from the same handful of people spreading it.
-Currently per the fiscal year 2018 quarter 2 financial report release February 14th, 2018, the AMFE Outstanding Share count is 479,253,160 shares. This is down 9,544,426 Outstanding Shares from the fiscal year 2018 quarter 1 financial reporting released on October 22nd, 2017, which reported 488,797,586 shares. This shows though dilution occurred since the 47% Outstanding share reduction around March, 2017 mentioned above, Outstanding Shares are being reduced.
OTCMarkets.com Fiscal Year 2018 Quarter 1 Financial Reporting
October 22nd, 2017
https://backend.otcmarkets.com/otcapi/company/financial-report/181019/content
OTCMarkets.com Fiscal Year 2018 Quarter 2 Financial Reporting
February 14th, 2018
https://backend.otcmarkets.com/otcapi/company/financial-report/187519/content
-Fiscal year 2017 was a very strong growth year for AMFE as they increased revenue by over 2400% from fiscal year 2016. Fiscal year 2018 in only 2 quarters already brought in 39% more revenue than all of fiscal year 2017 combined. And they're still going. Fiscal year 2018's quarter 3 is expected to be massive. Fiscal year 2018 quarter 2 was 114% greater than fiscal year 2017 quarter 2, and 2018's quarter 1 was 20,619% better than 2017 quarter 1. That said, 2018's quarter 1 and quarter 3 leached a lot of quarter 2's expected revenue. Quarter 2 is usually our best quarter with the holiday season. It is also unknown yet how mistakes found in the audit will effect these numbers or percentages of growth year over year, quarter over quarter, etc. The mistakes found revealed additional unrealized revenue, which is always good to find.
Revenue since Fiscal Year 2017 Quarter 1:
FY2017 Q1: $28,477
FY2017 Q2: $1,542,389
FY2017 Q3: $1,809,064
FY2017 Q4: $3,251,043
FY2017 Total: $6,630,973
FY2018 Q1: $5,900,374
FY2018 Q2: $3,307,549
FY2018 only 2 quarters in: $9,207,923
You can find all of AMFE's financial disclosure (quarterly, annual, and soon audited reports) here:
https://www.otcmarkets.com/stock/AMFE/disclosure
OTCMarkets.com Press Release regarding Fiscal Year 2018 already 39% greater than 2017, 2018 Q2 114% greater than 2017 Q2:
February 14th, 2018
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Announces-Fiscal-Q2-2018-Revenues-up-114-year-over-year-to-3307549?id=183531
OTCMarkets.com Press Release regarding Fiscal Year 2017 vs. 2016 Revenue Growth:
July 31st, 2017
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
OTCMarkets.com Press Release regarding Fiscal Year 2018 Q1 massive 20,619% over 2017 Q1:
October 23rd, 2017
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
-AMFE's share price in the last 52 weeks (1 year) went from a low of $0.155 to a high of $0.235, that is a gain of over 1,416% in 1 year. It fell since to a low of $0.1112 VERY breifly on November 22nd, 2017 and since has traded sideways and held within the $0.14 to $0.17 range primarily. Even at the brief low of $0.1112 since the high, that is over a 617% gains on the year after less than a 53% max retrace since the high. For the most part AMFE has held well over 60% of its gains while it trades sideways in a consolidation period that is both healthy and normal after taking such massive gains. No stock sits at its high forever or forever moves upwards in price vertically. Obviously stocks go up, and come down. This company's stock is obviously not a pump and dump as it has held the vast majority of its gains for over a year since it gained them. Pump and dumps usually pump the price for a temporary rise that last a VERY short period of time, then the price dumps, usually on a lie or hype that causes shareholders to sell off. It is widely recommended that you just trust your DD (like the DD above) here and buy the dips. My DD shows that the company is legit, net profitable... the stock share price should eventually follow the company. I challenge anyone to find me a company that doesn't experence share price retraces or constantly goes up and never down at all. All companies experience consolidation periods. That is natural and normal.
-The CEO of AMFE is Roger Mortimore. Roger has been very transparent and informative. This company has operated like it already is on a big league exchange like the NASDAQ.
In Short:
-Feel free to fact check and correct anything I stated. Or message me to add something missing with a source that can be referenced.
-Please find me something, ANYTHING to hate on. There is nothing, and if you think you found something bring it up. I am sure there is some explanation for what you think you found. This board primarily LOVES AMFE because it is a legit company that is undervalued right now.
I could probably go on and on with what I love about AMFE. I didn't even talk about their fine dining restaurant "Ku-Kum" (don't know much or much about how it is doing), etc., potential deals with Nintendo (haven't heard news about it in awhile), etc.
Ignore those who don't bring context to their claims!!!
Good Source:
AMFE Twitter:
https://twitter.com/AmfilTech
AMFE Stock News on OTCMarkets.com:
https://www.otcmarkets.com/stock/AMFE/news
AMFE Financial Disclosures on OTCMarkets.com:
https://www.otcmarkets.com/stock/AMFE/disclosure
AMFE Website:
http://www.amfiltech.com/
Gro3 Website:
http://gro3systems.com/
Gro3 Twitter (not very active):
https://twitter.com/GRO3Systems
Snakes and Lattes Website:
snakesandlattes.com
Snakes and Lattes Twitter:
https://twitter.com/Snakesandlattes
Snakes and Lattes Arizona Franchise (in progress) Twitter:
https://twitter.com/SnakesLattesAZ
(This is all in a rough draft form... No where near a finished product yet, but functional.... If anyone has anything to add to this or sees a correction, let me know, but reference a legit source).
Audit/ Interlock Kings Spin Off, Dividend Share Pay Out to Shareholders:
-The road to uplisting, spin off of Interloc-Kings, and the share dividend payout for the spin off begins with the audit completion.
OTCMarkets Press Release discussing Process of Uplisting and Spin Off/ Dividend Share Payout
June 21st, 2017
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Announces-Shareholder-Dividend-From-Subsidiary-Spin-Off?id=162673
-Audit is to be released soon, said to be complete and in final formatting and revision stages.
-The CEO transparently disclosed some mistakes that were found during audit, and those mistakes actually ADDED $1.5 million to the fiscal 2017 year, and a couple hundred thousand to the fiscal 2018 year. This was because AMFE reported net revenue on some transaction mistakenly when they were suppose to be reporting gross revenue for everything. While agreeable that this was a silly mistake, it is among the best mistakes that could have occurred when going through an audit. Better than losing revenue to a mistake. AMFE's CEO has been VERY transparent, informative, responsive, and communicative.
Sources:
https://twitter.com/AmfilTech
AMFE Tweets from March 7, 2018 and March 11, 2018 that relate to audit updates.
-AMFE will uplist to the OTC-QB upon audit completion. They've already filled out the paperwork and registered with the SEC, the audit is the only hold up. AMFE otherwise already qualifies. AMFE targets the OTC-QX and NASDAQ next per the CEO.
OTCMarkets Disclosure, OTC-QB Filing
https://backend.otcmarkets.com/otcapi/company/financial-report/185842/content
-After uplisting to the OTC-QB, AMFE is spinning off Interloc-Kings subsidiary. They are waiting to spin off Interloc-Kings until after the uplist so that the new company will also be on the OTC-QB and have their audit up to date. The plan is to build a 2nd company like AMFE using the same model used to build AMFE. Interloc-Kings was the initial subsidiary that AMFE was founded upon. It my not be the flashiest subsidiary, dwarfed by all the other subsidiaries AMFE has acquired over the years, but it is still net profitable, pays the bills, allowed AMFE to purchase the other subsidiaries, prevented dilution even in the beginning stages, and won't be missed by AMFE as the other subsidiaries are flourishing and again dwarfing Interloc-King's contributions.
-Upon spin off of Interloc-Kings, AMFE is paying out dividend shares to shareholders who own by unknown date yet (as all rest on the audit completion). This is to compensate for the loss value being taken from AMFE from losing the Interloc-Kings subsidiary. However AMFE will hardly notice it is gone as AMFE's other subsidiaries are flourishing an again dwarfing Interloc-Kings.
-There is no need to worry about the audit. The whole process is nearly complete. Sure the audit has taking some time, the Audit Engagement Letter (binding contract for audit performance) was signed August 10th, 2017 and filed on OTCMarkets.com September 7th, 2017. It should however be no surprise it is taking awhile because it is quite a complex project to perform a baseline intial audit on any company. AMFE entered a binding contract with auditing firm RBSM LLP. and is paying for an audit that will cover a 3 year span of time ending June 30th, 2017, that'll cover multiple subsidiaries and their booking prior to AMFE's acquiring them for the same 3 year time frame, not to mention government and international transactions that take time to gather information and receive requested information from, AMFE has a large inventory that had to be traveled to different location (stores, warehouses, etc.), counted, and inspected, etc. AMFE is a Canadian company trading on the US market and the auditors only dealt with AMFE on a week to week bases, changes required and information requested took time as they only talked once a week. AMFE's audit being voluntary for voluntary purposes of uplisting put them in a position of lower priority compared to other companies already on exchanges with mandatory auditing per the exchange guide lines. Auditors don't work on a single audit at once and depending on the staff and dedicated staff performing the audit, it is no surprise the audit is taking time- even investors here in AMFE who are professional auditors themselves stated this.
-There is no concern about "cooked books", scams, shady practices, etc. There was a minor mistake found in AMFE's book keeping, and as mentioned above, it was a mistake that actually made AMFE look significantly better than they thought as they were reporting revenue in net and not gross. Which means AMFE was more profiting than they originally thought and reported. There is no cooked books, who cooks books for losses? Why? over 1.5 million dollars was added to AMFE's released revenue for 2017 and a couple hundred thousand dollars for 2018. Doesn't sound like cooked books. If there was some scam or book cooking, it is highly likely the auditors would have spotted that right away and have backed out of their contract with AMFE. AMFE has a binding Audit Engagement Letter Contract that already puts AMFE on the hook to pay $45,000 for the 3 year audit plus other audits going forward. They wouldn't be doing this if they were up to no good.
-Keep in mind, this whole audit and uplist process is again voluntary, who voluntarily subjects shady practices to be audited? And in the mean time AMFE is not diluting shares, so they have no reason to "pump hype" for any temporary stock price pump that'll just be dump again. IF they were diluting that'd be a different story. AMFE has been performing share reductions to both the Outstanding Common and Authorized share counts, and the fiscal 2018 year quarterly reports show no dilution, just share reduction.
Gro3 and Joint Venture with RotoGro, AMFE "Pot Stock" Affiliation:
-AMFE is still a "pot stock" due to its subsidiary Gro3 and joint venture with RotoGro, which has brought in revenue and is NOT some 1 hit wonder. Gro3 has 2 active contracts (1 worth 1.15 million dollars, the other worth 2.5 million dollars). Gro3 is currently BEING TESTED, licensed, improved, the facility is being built, the whole ordeal is a slow process. These systems aren't as expensive as they are because they're installed quickly, there is a bit that goes behind them. News is held up on the 2 contracts being worked on, more news is expected soon per the CEO, once those contracts are completed they will get more contracts. The first contract is always the hardest as you have to convince someone to buy a product not yet customer reviewed/ tested.
-AMFE is also a "pot stock" with its joint venture with RotoGro, as their system marries with Gro3. RotoGro is the growth system, Gro3 is the all natural organic sanitation system. AMFE gets a commission from RotoGro sales that AMFE is responsible for making especially when paired with their Gro3 system.
-Gro3 is a patent pending unique system that is the perfect solution to sanitizing consumer products specifically targeting the pot industry, but can be used on fruits and veggies, and poultry and eggs too. It is an all natural sanitizer/ pesticide that is safe to use because it takes an Oxygen molecule in it's natural O2 state, separates it with an electrical charge into 2 separate oxygen atoms that then form bonds with other oxygen atoms forming O3 molecules known as Ozone (same that makes up the ozone layer). O3/ Ozone is toxic and kills bacteria, viruses, pests, mold, fungi, etc. Fortunately however, O3 is not a stable molecule as oxygen prefers to be in the O2 state, and the O3 eventually splits off an oxygen atom that pairs up with another free oxygen atom to form O2 again. Plain old life sustaining harmless breathable oxygen again. Oxygen only remains in its O3 state for roughly 10 minutes, so by the time the consumables reach human consumers, it is back to a harmless state. Wile in the O3/Ozone state, it is mixed into water and sprayed on he consumable being treated, killing all bacteria and such, getting into every nook and cranny, making it a safe and effective way to sanitize the consumable. The water can be reclaimed, filtered, and reused, though the water often is consumed by the plant it is being sprayed on. Watering the plants.
-RotoGro is an Australian company with a system that maximizes growth potential and reduces the crop footprint, allowing more production to be grown, and maximizes the nutrients provided to the plants while monitoring and controlling the levels as to not allow nutrients to go wasted. RotoGro is said to yield up to 10 time the same crop per square foot. RotoGro works by rotating plants inside a hydroponic drum shaped machine around a light bar where all plants spend time upside down and grow with gravity assistance. Being wrapped around a light bar allows more plants to be planted inside the same footprint. The system analyzes the input and output of nutrient to monitor what is being taken in via the plants and regulates the nutrients inputted to prevent waste, but to also maximize growth. The system can be remotely controlled and monitored from anywhere in the world with internet connectivity. The systems are stackable to further maximize the growth potential per square foot, allowing more production yield. RotoGro also works especially well for indoor facilities, being indoors helps with preventing pests, especially when paired with Gro3.
-It is best to use a Gro3 system once federal mandates for testing of all consumer products like pot once fully legalized and federally regulated to insure the crops are safe for consumption, ensuring levels of pesticides and chemicals used by the grower are not above harmful levels. If the levels are above thresholds, the grower will forfeit the entire crop the sample came from to the government where it will be destroyed to ensure it doesn't end up on a black market. Your choices are to grow organically, risking pests, mold, fungi, bacteria, etc. and losing your crop to it thus losing revenue. To use chemicals and pesticides and risk failing the tests and forfeiting your crop and losing revenue, or using Gro3 which is FDA/ USDA, and Health Canada approved and proven to be a safe and effective way of sanitizing and killing pest, but being safe for human consumption. Which will pass a lab test, not risk your crop, and you can confidently grow your business. Literally. Fast and efficiently too if done so with RotoGro.
-Just speculation, but AMFE Tweeted on January 4th, 2018 a few Tweets that speculates some potential clients Gro3 is dealing with are big cannabis companies like Canopy Growth Corporation (TWMJF), GW Pharmaceuticals (GWPH), Aurora Cannabis Inc. (ACBFF), and Corbus Pharmaceuticals Holding Inc (CRBP).
https://twitter.com/AmfilTech
Tweeted January 4th, 2018
-While we wait on Gro3 in the meantime, subsidiary Snakes and Lattes is doing VERY WELL, bringing in TONS of revenue and GREATLY expanding, ultimately stealing the spot light from Gro3 right now. Do you really care where your revenue comes from? It's just as green. Gro3 for the time being is being deemed the "wild card" subsidiary full of potential but still in a developmental stage. Meanwhile other subsidiaries are in a full bloom revenue making stage, and AMFE doesn't distinguish the color of money regardless where it comes from.
Snakes and Lattes:
-Snakes and Lattes is currently probably AMFE most successful and profit making subsidiary with tons of untapped potential in the workings.
-Snakes and Lattes is franchising out their game board cafe concept which has been proven highly popular successful with a massive and diverse selection of board games, food, alcoholic and non alcoholic beverages, etc. They are probably the face of the industry and so popular they even charge a cover charge for admission and often has a 2 hour wait list. They also sell games retail, etc. both at their stores and online.
-Snakes and Lattes is currently actively working with an investor to open a franchise location in Arizona, USA as the first store to open in the USA. They have plans to open 50 stores over the next 2 years (some franchise stores, some cooperate owned stores) all across the USA, Canada, and London. Snakes and Lattes plans to make Toronto, Canada the overall corporate HQ, and will make Chicago, IL USA the USA corporate HQ.
-Snakes and Lattes has a partnership with major company Lending Loop to support the financing of the franchising, and to provide a PR fim, etc.
-In December, 2017 Snakes and Lattes opened their 3rd and largest corporate owned gaming cafe in Midtown. Midtown's location is supposedly as large as the other 2 locations combined and is in a high foot traffic location. The business is booming at all 3 location, they have high reviews on Yelp, etc. The other 2 locations are in College Town and Annex, all 3 are based in Toronto, Canada.
-In February, 2018 The 3rd Snakes and Lattes store in Midtown joined the other 2 locations in receiving its liquor license, which doubled revenue at the other 2 location and is anticipated to do the same with Midtown.
-Snakes and Lattes has exclusive game distribution rights to many games including major game titles like Cards Against Humanity, Exploding Kittens, and Bears vs. Babies. Snakes and Lattes seems to work with gaming projects found on Kickstarter.com that have proven interest, and works out distribution deals with those projects and it seems to be a lucrative model. Exploding Kittens and Bears vs. Babies are 2 examples of games Snakes and Lattes closed distribution deals with, and they were 2 of the top funded/ backed games on Kickstarter.com.
-Snakes and Lattes is also running a "Game Developer Night" at their stores which is a wonderful test bed for games they're developing, and is working to become a gaming publisher which can be a VERY lucrative business. Speculation is 1 well received published game can net over $50 million. Snakes and Lattes hired a well known Hollywood graphic design aritist named Daniel Bieber to help with the game graphic design and presentation. He's a distinguished graphic designer with extensive experience in major Hollywood films and TV. This highly talented individual has over 10 years’ experience in entertainment advertising including theatrical, television, home entertainment, and gaming, and he specializes in art direction, typography, retouching, and conceptual design. AMFE has retained the services of Daniel Bieber, whose impressive portfolio includes work on film and television titles including; Game Of Thrones, Entourage, San Andreas, Mad Max, Limitless, The Martian, and many more. Daniel will be working with the publishing divisions design team to produce cover art work, packaging, game surfaces/game pieces, and advertising for the newly created game titles. To view examples from Daniel’s portfolio, visit www.dbieber.com.
-They're working on new acquisitions to compliment the Snakes and Lattes subsidiary. Supposedly in 2017 they acquired or were working to acquire some cloud based software company that was speculated to be useful for the franchising plan of Snakes and Lattes. Admittedly not a lot of information was released about that one.
-Snakes and Lattes has a partnership with major companies like Cineplex doing joint gaming nights, etc. This brings the popularity of board gaming to Cineplex's bottom line while promoting Snakes and Lattes to a larger customer base.
-There were mentions of other deals and partnerships with major companies like Nintendo that were never really mentioned again. Who knows what became of those, if AMFE is still working with them, or if the deal fell through. When it came to Nintendo for example, the partnership was based on doing a game night that promoted Nintendo and the new Nintendo Switch system. At this point, he status of these deals is not very important, Snakes and Lattes is obviously flourishing regardless if a deal was made, followed through on, or if it fell through. Sometimes deals fall through for all companies.
-Supposedly GameStop is beginning to sell board games and AMFE was distributing some of those games to GameStop. Another example of a major company that AMFE is working with. Along with other companies like Amazon, Walmart, etc. The distribution sector is quite profiting and large.
-Snakes and Lattes also runs a school and community outreach program, it is their way of giving back to the community while kind of promoting themselves.
-Snakes and Lattes is doing so well they even are one of the few if not only companies that publicly supports raising the minimum wage of employees to $15/hour, which would effect them, though they already pay employees greater than minimum age in attempt at employee retention since to train an employee is a long process, but a fun job to work.
Natural Stuff Inc.
-The newly acquired international distribution subsidiary Natural Stuff Inc. that was acquired just months ago in late October, 2017/ early November, 2017 already has grown its customer base by 66% and flourishing, including increased products being distributed. Currently they distribute 28 Black energy and alcoholic drinks, HBCI bread products (white, wheat, buns, bagels, etc.) with a first of its kind proprietary clean label blend that gives it a longer shelf life of 35 days compared to that of most breads with an industry standard of 9-12 days and bypasses the expense of dehydrating trays, Planters nuts and snacks, Metzger meats, and varies products from Conagra Brands.
https://www.otcmarkets.com/stock/AMFE/news/story?e&id=1008621
-Maybe Natural Stuff Inc. is not the most exciting business model like Snakes and Lattes or Gro3, but it is definitely bringing in revenue and has a very large potential. Prior to acquisition, once upon a time Natural Stuff Inc. was doing an $18 million in revenue previous to a tragedy that lead to AMFE acquiring the company for a great deal. The company founder Mr. Racioppo's son suffered a horrific car accident and since the company suffered as Mr. Racioppo focused his attention to his son and family. AMFE purchased the company from the Mr. Racioppo, but hired the Mr. Racioppo on to oversee the company with his 25+ years experience in the industry providing him the ability to see his company flourish while also being able to focus on his family too. It has worked out so far for both parties and AMFE hopes to restablish the company and restore most of the $18 million obtained before if not more.
-AMFE paid only 750,000 restricted shares for the acquisition. At the time of the acquisition those shares were valued no more than $0.175 per share making the acquisition cost valued at $131,250, but restricted shares cannot be sold immediately and their is a process to selling them. Ultimately those shares are only worth what the AMFE share price is worth at any time, so it should bring confidence that the Natural Stuff Inc. founder Mr. Racioppo saw potential in AMFE to sell his company to AMFE for restricted shares he couldn't sell right away. AMFE hopes to reestablish the company and restore most of the $18 million obtained before if not more.
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Announces-The-Acquisition-of-Natural-Stuff-Inc-Distributors-of-28-Black-Amongst-Other-Products?id=173923
-Many client accounts and additional brands for direct store distribution (DSD) having now been able to return to actively focusing on his business. DSD companies are not a ‘drop and run’ type of distributor. DSD reps carry inventory on their trucks, assess what the retailer needs, then pick from the truck, invoice, merchandise and collect payment. Product positioning and placement at retail are vital to the success of each product. DSD companies typically guarantee the sale of their products. Premier DSD companies, like Natural Stuff Inc., maintain a low return rate against a high sell through across their product lines.
-Natural Stuff Inc. is poised to become the premier DSD company for major Fortune 500 CPG (consumer packaged goods) companies to small format channels in Canada, including the convenience, gas and drug channels. Very few major CPG companies have a DSD model and therefore are not maximizing the potential sales through these lucrative channels. As mentioned above, Natural Stuff Inc.’s client base has grown from approximately 300 accounts upon acquisition to over 500 accounts currently, a 66% increase in two months. Mr. Racioppo has also recently secured some key deals to expand the product lines being distributed through Natural Stuff Inc. Natural Stuff Inc. is actively negotiating distribution deals with several major Fortune 500 CPG companies, with two of these deals to be announced shortly once they are secured.
-Natural Stuff Inc. can also be used to compliment the Snakes and Lattes subsidiary once franchising kicks off.
Interloc-Kings:
-Interloc-Kings may not be nothing flashy, but it is a very successful profiting business. It is a snow plow/ contracting business that brings in good revenue that has been dwarfed many times over by the other subsidiaries. Interloc-Kings brings in 6 figure revenue vs. 7 and 8 figure revenue that is brought in by the other subsidiaries. Thus Interloc-Kings has been selected for a spin off to create a new company like AMFE from like it originally was used to form AMFE. Interloc-Kings was AMFE's first subsidiary, where it brought in enough revenue to pay the bills and acquire other subsidiaries, expanding the holding brick and mortar company. However Interloc-King's contribution to AMFE has been minimal compared to the other subsidiaries. When spun off, shareholders will get compensated with dividend shares in the new company. They are awaiting to spin off Interloc-Kings until after AMFE uplists to the OTC-QB so that Interloc-Kings will begin on the same OTC-QB exchange and not have to go through the entire uplisting and audit process again. AMFE already qualifies to uplist to the OTC-QB, they are just awaiting the audit completion which will be any day now. It has been reported as complete and the final touches are being applied.
-AMFE plans to acquire more subsidiaries, and the company formed with Interloc-Kings too will acquire new subsidiaries that they can take risks with without hurting AMFE's branding. The two companies can always be merged back together again in the future, though AMFE may continue growing new companies, spinning off other companies if and when the time is right.
AMFE, the Company, Share Structure, Cash Flow/ Financials, CEO, and transparency:
-AMFE is a well diversified holding/ brick and mortar company with several subsidiaries that are ALL doing very well. Though AMFE is listed on the market as a "pot stock", who cares if the revenue AMFE is bringing in is not primarily from "pot stock" sources, THE REVENUE IS GREEN!!!
-AMFE reduced their Authorized Share count 33% from 900 million to 600 million in good show of faith that they have no plans for mass dilution any time in the near future, and gave a verbal commitment per a radio interview in 2017 to keep the Outstanding Share count below 500 million. This shows company strength in revenue and lack of need to dilute to pay for any expenses. So far AMFE has held their word and has kept the Outstanding Share count below 500 million.
OTCMarkets.com Press Release
August 28th, 2017
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Discusses-Upcoming-300M-Authorized-Share-Count-Reduction-Common-Share-Reduction--Other-General-Up?id=168351
-AMFE's Outstanding Share count use to be nearly 795 million shares. They did a 47% share Outstanding Share reduction to just under 445 million shares per a PR released March 8th, 2017. All 350 million shares that were reduced were retired were exchanged for preferred shares that do not count against the Outstanding Share count.
OTCMrkets.com Press Release
March 8th, 2017
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Provides-Update-on-Recently-Announced-47-Reduction-in-Outstanding-Share-Count-and-Snakes--Lagers-?id=152848
-AMFE has performed another 20 million Outstanding Shares reduction, as Snakes and Lattes founder and now President of Snakes and Lattes AMFE subsidiary Ben Castanie has converted his common shares to preferred shares. Ben converted his 20 million common shares to preferred shares and the 20 million common shares were retired or no longer counted against the Outstanding Shares. This was mentioned that it was going to happen in the future per the PR above released to the OTCMarket.com on March 8th, 2017. It officially occurred per a Tweet on January 22nd, 2018.
https://twitter.com/AmfilTech
Tweeted January 22nd, 2018
-Rumors of a reverse split, or "confirmed" reverse split being spread by select and very few known "liars" attempting to spread fear are 110% false. AMFE has reduced their Shares Outstanding as well as their Authorized Shares counts, and have stated repeatedly that they intend to grow the share price along with the company organically. AMFE has denied any intentions of a reverse split, and the entire conversation about a reverse split is only even being talked about by those simply trying to spread fear. AMFE has no reason to reverse split even from a logical stand point. The shares outstanding count is relatively low, and the company already qualifies for their goal to uplist to the OTC-QB market once the audit is finished. They stand to gain no benefit at all from a reverse split, so logically there is no reason to even do one. Again, the company has denied one has ever even been considered. Ignore the false rumor, especially if you hear it from the same handful of people spreading it.
-Currently per the fiscal year 2018 quarter 2 financial report release February 14th, 2018, the AMFE Outstanding Share count is 479,253,160 shares. This is down 9,544,426 Outstanding Shares from the fiscal year 2018 quarter 1 financial reporting released on October 22nd, 2017, which reported 488,797,586 shares. This shows though dilution occurred since the 47% Outstanding share reduction around March, 2017 mentioned above, Outstanding Shares are being reduced.
OTCMarkets.com Fiscal Year 2018 Quarter 1 Financial Reporting
October 22nd, 2017
https://backend.otcmarkets.com/otcapi/company/financial-report/181019/content
OTCMarkets.com Fiscal Year 2018 Quarter 2 Financial Reporting
February 14th, 2018
https://backend.otcmarkets.com/otcapi/company/financial-report/187519/content
-Fiscal year 2017 was a very strong growth year for AMFE as they increased revenue by over 2400% from fiscal year 2016. Fiscal year 2018 in only 2 quarters already brought in 39% more revenue than all of fiscal year 2017 combined. And they're still going. Fiscal year 2018's quarter 3 is expected to be massive. Fiscal year 2018 quarter 2 was 114% greater than fiscal year 2017 quarter 2, and 2018's quarter 1 was 20,619% better than 2017 quarter 1. That said, 2018's quarter 1 and quarter 3 leached a lot of quarter 2's expected revenue. Quarter 2 is usually our best quarter with the holiday season. It is also unknown yet how mistakes found in the audit will effect these numbers or percentages of growth year over year, quarter over quarter, etc. The mistakes found revealed additional unrealized revenue, which is always good to find.
Revenue since Fiscal Year 2017 Quarter 1:
FY2017 Q1: $28,477
FY2017 Q2: $1,542,389
FY2017 Q3: $1,809,064
FY2017 Q4: $3,251,043
FY2017 Total: $6,630,973
FY2018 Q1: $5,900,374
FY2018 Q2: $3,307,549
FY2018 only 2 quarters in: $9,207,923
You can find all of AMFE's financial disclosure (quarterly, annual, and soon audited reports) here:
https://www.otcmarkets.com/stock/AMFE/disclosure
OTCMarkets.com Press Release regarding Fiscal Year 2018 already 39% greater than 2017, 2018 Q2 114% greater than 2017 Q2:
February 14th, 2018
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-Announces-Fiscal-Q2-2018-Revenues-up-114-year-over-year-to-3307549?id=183531
OTCMarkets.com Press Release regarding Fiscal Year 2017 vs. 2016 Revenue Growth:
July 31st, 2017
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
OTCMarkets.com Press Release regarding Fiscal Year 2018 Q1 massive 20,619% over 2017 Q1:
October 23rd, 2017
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
-AMFE's share price in the last 52 weeks (1 year) went from a low of $0.155 to a high of $0.235, that is a gain of over 1,416% in 1 year. It fell since to a low of $0.1112 VERY breifly on November 22nd, 2017 and since has traded sideways and held within the $0.14 to $0.17 range primarily. Even at the brief low of $0.1112 since the high, that is over a 617% gains on the year after less than a 53% max retrace since the high. For the most part AMFE has held well over 60% of its gains while it trades sideways in a consolidation period that is both healthy and normal after taking such massive gains. No stock sits at its high forever or forever moves upwards in price vertically. Obviously stocks go up, and come down. This company's stock is obviously not a pump and dump as it has held the vast majority of its gains for over a year since it gained them. Pump and dumps usually pump the price for a temporary rise that last a VERY short period of time, then the price dumps, usually on a lie or hype that causes shareholders to sell off. It is widely recommended that you just trust your DD (like the DD above) here and buy the dips. My DD shows that the company is legit, net profitable... the stock share price should eventually follow the company. I challenge anyone to find me a company that doesn't experence share price retraces or constantly goes up and never down at all. All companies experience consolidation periods. That is natural and normal.
-The CEO of AMFE is Roger Mortimore. Roger has been very transparent and informative. This company has operated like it already is on a big league exchange like the NASDAQ.
In Short:
-Feel free to fact check and correct anything I stated. Or message me to add something missing with a source that can be referenced.
-Please find me something, ANYTHING to hate on. There is nothing, and if you think you found something bring it up. I am sure there is some explanation for what you think you found. This board primarily LOVES AMFE because it is a legit company that is undervalued right now.
I could probably go on and on with what I love about AMFE. I didn't even talk about their fine dining restaurant "Ku-Kum" (don't know much or much about how it is doing), etc., potential deals with Nintendo (haven't heard news about it in awhile), etc.
Ignore those who don't bring context to their claims!!!
Good Source:
AMFE Twitter:
https://twitter.com/AmfilTech
AMFE Stock News on OTCMarkets.com:
https://www.otcmarkets.com/stock/AMFE/news
AMFE Financial Disclosures on OTCMarkets.com:
https://www.otcmarkets.com/stock/AMFE/disclosure
AMFE Website:
http://www.amfiltech.com/
Gro3 Website:
http://gro3systems.com/
Gro3 Twitter (not very active):
https://twitter.com/GRO3Systems
Snakes and Lattes Website:
snakesandlattes.com
Snakes and Lattes Twitter:
https://twitter.com/Snakesandlattes
Snakes and Lattes Arizona Franchise (in progress) Twitter:
https://twitter.com/SnakesLattesAZ
Guess who's back. Tell a friend!
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