I agree with him not giving dates or talking about the audits in general. The best way is to just put a tweet the day before filing, and file the next day. Just like he did with the last audit.
But I hate this radio silence. You have a business which is constantly moving forward, the stock is tanking (yes it’s tanking), give us something to be excited about!
At the same time I also understand that we are so close to being in the QB, it makes sense to hold as much news as posible until there is a better audience to receive it.
That said, I hate to burst everyone’s balloon, but being in the QB doesn’t automatically mean that the PPS will skyrocket. There is another stock which recently uplisted from the pinks to the QB, (SSFT*) and yes, the first day it popped, after that it came back to the same price it was before.
What we ultimately need are the revenues. The market cap is currently 34 million. The last reported revenues are 11 mill. We have reason to believe that the company made 15 million last year. If that’s the case, we are trading at a little more than 2x revenues. Most companies trade at 2-3x revenues.
Franchising/ JV will push that number up quickly. So will distribution. So will the self published games. All in all, I think that it’s not out of the ball park to asume that Amfil might reach $30-45 million in revs for the next year:
We already know that Canada brought us about $15 mill, and that was BEFORE multiple exclusivity deals were announced. So Canada might get us anywhere from $15-19 mill in revs for next year.
We also know that, besides Tempe, there are 3 more locations in the US being targeted for the first half of this year. With 4 locations each moving around $3mill we get to $24-28 mill (I’m counting US+Canada)
That brings us to distribution and self publishing. We already KNOW that their business model works. How well will they be able to implement it in the US? How quickly? I think that Distribution can push us over $30 mill.
How will the self published games sell? They can go anywhere from being really bad to really good. I don’t mind if these games flop, these games where made by Morning without the input from Snakes. Moving forward is what interests me.
But what if they don’t flop? CAH made $50 mill in one year. What if KAU made $30 mill? Now we are talking about Amfil having $60 mill in revenue.
...of course, I don’t think it’s wise to aim that high.
But just consider, this is only taking into consideration 7 locations. The last PR mentioned that there were 17 ADDITIONAL locations which could be worked on at any given time if the correct circumstances presented themselves. This means that, either now or later, the chances of us getting 17 ADDITIONAL locations is really high. What does that mean in numbers?
17 x 3 = 51
17 x 3.5 = 59.5
17 x 4 = 68
Up until now we are considering 7 locations, which we can assume will bring us anywhere between 24-28 mill in revs for next year.
Now add to that what the additional 17 locations bring and we get anywhere between 51-68 million dollars
So, just to put everything into perspective, we could be talking about $75- 96 mill in revs.
And that my friends, puts us in dollar land.
AI
