My contribution for AMFE on the momo boards tonight.
AWESOME opportunity! Worth the read!
Ever wish you could have owned Starbucks when they just had three locations? How about McDonald’s right after Ray Croc bought them? Well, in 2016, Amfil (AMFE) bought a small TWO location game board café called Snakes & Lattes. IN 2017 they expanded it to three locations, and signed agreements for two more to come in 2018. The revenues have grown AMAZINGLY fast, just with these two locations and then three.
FY2017 Q1: $28,477 (AMFE pre S&L purchase)
FY2017 Q2: $1,542,389 (first quarter with the two locations, before “inspiring them” to better heights)
FY2017 Q3: $1,809,064
FY2017 Q4: $3,251.043 (Looking better …)
FY2017 total: $6,630,973. And a net positive earnings
FY2018 Q1: $5,900,374. (Now both locations are COOKING!)
FY2018 Q2: $3,307,549
FY2018 Q3: ends March 31, 2018. This week. But, third location is now OPEN, so higher coming)
That shows good growth. But TODAY was the kicker!!
Today this Canadian café company announced their first agreement in the USA. They are coming to Tempe, AZ with a new location. And the agreement says there are going to be SIX MORE in the SW USA coming. That is just with ONE investor who wants to open some locations. They also announced today they are still on track to put in a location in Chicago and are working on other locations in other parts of the USA.
This is like Starbucks with three locations! They are going to be EVERYWHERE over the next five years or so (“Maybe” we get a GOOD bounce THIS week on the news released TODAY, but I think a good LONG term hold is even better.). Plus. MORE news, put out YESTERDAY. A long awaited AUDIT is now DONE and back in the hands of the auditors for a final review. They said the auditors promised to have it to them by the end of this next week. Then, they will file it next week, and UPLIST immediately. They already turned in the paperwork, so it should take only a day or three.
Bottom line: A company announced its FIRST EVER endeavor into the USA today, on a Sunday. They announced they shall have an audit within a WEEK, and an UPLIST within two weeks. And, as if that isn’t enough for the SHORT term BUMP, they are looking to grow into all 50 states over the next 5 years or so and should have a market cap higher than Dave and Busters by then (Not quite a competitor, but same sorta idea. Only these are board games.) I didn’t even discuss that they have EXCLUSIVE rights to sell certain games in ALL of Canada, like Cards against humanity for only one label, they have two other subsidiaries, they recently REDUCED BOTH the outstanding AND the authorized share count by about 1/3, AND they just announce this past week a NEW acquisition of a game distributor in France. The company has both short term AND long term legs.
Take a look. AMFE. If you do the DD, you’ll love the company!
