This audit/stop sign issue needs to be fixed
Before I go any further, let me say that I think AMFE is an awesome opportunity stock. I have been a champion of this stock for a long time, and will continue to be. I have close to a million shares and I had planned on holding some of this stock that I could gift to my children.
That being said, I have been waiting close to two years. I know some here have been waiting longer, in some cases much longer. There were, I won’t call them “promises”, but rather “strong suggestions” made that all this financial business would be wrapped up long before now. It is stupid, absolutely stupid, that this stock is bouncing around in the single digits, when the value should be much higher.
I understand longs getting impatient at this point. I personally wouldn’t be concerned, but I’ve reached a milestone in my life where I am ready to buy a house. I didn’t get into this stock with the intention to flip it in two years and pay cash for some incredible home. But yes, I would like to unload some shares and have enough for a down payment. The problem is, I live in the San Francisco bay area and home prices are ridiculous. So to have a reasonable down payment at this share price, I would have to dump everything! I don’t want to do that, I really, really don’t. I would much prefer to unload some as the price is rising because A.) I don’t want to get rid of my entire investment and B.) I don’t want to affect the stock price by dumping so many shares at $.065. But there is zero insight into how much longer this is going to take. If I had any indication of when the financials would be done, I could at least plan for that. I understand that the price is not guaranteed to rise at that point, but I believe it has a very good chance of doing so.
The news that Roger releases is good information. It’s fine to know that we have LOIs and that people are out looking at new locations. Great! But that news is doing nothing for the share price. Clearly the only thing that will move the needle is financial information. And we haven’t had ANY of that for a long time. No quarterly reports. No audit updates. No sales information. Nothing since November of last year! I don’t see any excuse for that. When something isn’t going right, I usually have a clear understanding of why pretty quickly. Roger should have an understanding and should be communicating as much as he possibly can. Come on, Roger, what is going on??
I don’t want to be negative about AMFE. Again, I think it has great potential, and clearly the locations that are currently open are having great success. But this silence is deafening and I don’t know how much longer I can wait.
AMFE STRONG – AMFE CONFIDENT – AMFE FOR LIFE?? (no longer sure)
