Amfil Technologies Inc (FUNN)

[SeatonBM]

One thing Roger, like him or hate him, forgot to point out in this letter is not just the fact AMFE, IE the business is doing "better than ever" by expanding, etc.... Which is verifiable given location sites can be visited, etc...

But he failed to mention that AMFE is doing all this expansion.... WITHOUT FURTHER DILUTION OR TOXIC DEBT (convertible notes, loans, etc.)!!!!!!!! There has been zero dilution now for multiple quarters, almost even for a year now... And the Shares Authorized remains the same not allowing much room for further dilution as it was voluntarily reduced even from 900 to 500 million shares...

Kind of shows or proves business is good when you don't need to dilute or debt to expand on top of all other operations costs - not just physically in presence, but in subsidiary and marketability as well... And you can afford to do so out of pocket and still generate profit... So take that as reading between the lines that things ultimately are fine...

I haven't been here lately to defend Roger or AMFE because it's like beating a dead horse with a dead horse, everyone only wants results... Excuses whether valid or not are simply ignored and are written off as further excuses... Validity behind them means nothing, and to be fair... It has raised red flags even with myself... Never the less I still own half my investment here because I do have faith... But couldn't stand just leaving money sit stagnant, or in actuality taking a loss for over a year... So I took half to put in front of other forward moving trains...

I do believe it to be only a few weeks to a month or 2 though before this grabs chartist attention as the key daily Moving Averages (20, 50, 100, 200) are all falling to the price and scooping as they're declining lesser and lesser, and starting to turn from down to up... It's a slow process, but I believe as they do this, the price will get a boost... Then you'll see golden crosses, and support from the Moving Averages... Also, all Moving Averages are starting to bunch together...

The audit would be a hell of a catalyst - as Roger puts it, could be done at any time...