Tuesday, February 05, 2019 6:50:27 AM
AMFE (currently) sucks. It has gone from bad to worse for the last 12 months.
That said
It is NOW trading at 2x revenue which is normal.
Snakes&Lattes is poised for tremendous growth in the short-mid term.
Within 18 months we could very well see revenues of $50 million +
Now is a great time to buy more stock, because we are:
Trading at only 2x revenue
Snakes is going to open 3 more locations this year (possibly more)
The self published games are set to release this year
Distribution will start to kick off in the US this year
EcoGro3 sales should be reflected this year
All in all more revenues = higher PPS
The current STOP sign is hurting the stock. The CEO is not helping. Anyone who says otherwise is delirious.
There is plenty of criticism to be made to the CEO, and he deserves a lot of it.
But still
AMFE has a lot of potential. The best thing that can happen is that the financials get sorted out. That can not happen soon enough.
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