Amfil Technologies Inc (FUNN)

[Felo31]

You know, many people rightly question the certainty of an LOI.

And you know, there is definitely an Exit point with forward looking statements.

But again, here I think It helps to look things as a whole. What is AMFE’s history with LOI’s?

Way back in 2016, Amfe signed an LOI to buy S&L. What happened? S&L got bought by Amfil Technologies.

Then an LOI was made for the lease of Midtown. What happened? The largest S&L and the flagship got built.

Then an LOI was made for the lease of a building in Tempe. What happened? Tempe got built.

I don’t know about you guys, but the history of the company shows that when an LOI is signed, the company tends to follow through on what was signed.

Sure, we can not predict the future, and something could mess up a deal. Happens to every business. Look at Synchrony Bank and it’s relationship with Walmart. They had a relationship of almost 20 years working together, and yet Walmart chose to break that relationship. Poop happens.

That said, history is witness that to Amfil Technologies, LOIs are not meaningless things.