UPDATED (I will highlight the updated section the first post with the update): My list continues to grow! So many false bullshit claims with no back up regarding AMFE.
Real business takes real time and real resources. Start ups need to build everything from scratch. No different than every company on the planet has done at one point.
The point is, is there growth? With AMFE, it is a resounding YES! With massive amounts of DD on AMFE's side. There are total bullshit claims around 'scam' which is the standard cry for any pink stock. McCarthyism style. AT THIS POINT though, AMFE has long passed that test and the burden is on the claimer to produce due diligence for the bullshit claims. Yet when asked over an over and over, nothing is ever produced.
Claims like:
Stop sign! stop sign! stop sign!: Yes, a stop sign is absolutely a pause for thought when doing due diligence. More often than not, the company has some core issues, like massive dilution, Zero revenues, changed CEOs 5 times, no communications, no products, nothing verifiable. So, it merits research for sure. I would expect nothing less from any savvy investor. In AMFE's case, due diligence produces a straightforward answer. It is a result of the multiyear audit and up-list process combined with AMFEs July to June fiscal cycle. AMFE is NOT a hidden company, 1000's of customers enjoying Snakes weekly, staff of 200 growing (who are getting paid and the company is not diluting...) The auditors signed off the initial audit and acknowledge they are working on FY18. CFO Squad said hold off on Q's until FY18 to avoid more delays to getting to QB. OTC Markets has their way of doing things, and a temporary stop sign is in the best interest of the long term objective. IT WILL go away soon, and be replaced with QB. This cannot be refuted at this point given all the DD. The Stop Sign was an unfortunate part of this long endeavor, but IT WILL be a distant memory soon.
Reverse Split: Hahaha wow, this claims pops up once in a while as another typical bullshit narrative. The simplest of due diligence refutes the illogical nature of why a RS would happen. The claim of course implies a typical reverse split situation, where the company’s OS is so high they can’t raise any money via dilution, and therefore exercises a RS to enable a whole new dilution cycle. Considering the AS and OS has gone down over the past couple of years, and they haven’t been diluting while growing and supporting a large staff…Next! (Note there is always the much more rare ‘positive’ RS, in order to list on the NASDAQ. E.g. We get to $2 and do a small RS to get there. This would be farther down the down, and a very positive situation to have. E.g. Not as easy to go $2 to $4 on the QX, but bump to NASDAQ and can go from $4 to much higher in short order.)
No profitability / Chapter 11: Duh, how many pink companies are profitable in a growth phase? Oh that’s right, pretty much zero. Hell many big boards stocks are not yet profitable. Look at the entire emerging biotech sector. Talk about losses. AMFE actually HAS fundamentals (Which that alone puts it ahead of 95% of pinks) which are VERY GOOD for a company at this stage. Plus ZERO TOXIC FINANCING EVER. YES ZERO! Chapter 11? doesn't even merit a response.. that is just a.. yeah ok, next...
Scam / Turd: Even so far to say 'obvious' or 'clear' scam. Ok, please explain it then, how it works. That question has never been answered, not once to how a scam would actually work here. The simple fact is, growing the company is 100x MORE lucrative than trying to run some stupid low level scam.
Statements like ‘Trust Us’: Little false narrative statements with an implication that the company is one of the items above. Of course we don’t know the exact numbers until the financials come out for any given quarter or year; just like you wouldn't with ANY company. However, an implication that the revenues are not continuing to grow and not in the millions is very far reaching given the evidence we have. We HAVE AUDITED numbers in the millions and the company has only grown. Yes, PHOTOS OF MULTIPLE PACKED SNAKES every weeked IS EVIDENCE. ALL the KICKSTARTER campaigns, reviews and 3rd party articles IS EVIDENCE. Period. The burden of proof revenues coming in and if they are growing or not is not an issue. We don’t know the exact number yet, but the inference that it is ‘MORE than the previous Q (When comparing Q over Q growth)’ is 100x easier to swallow than a bullshit narrative implying it is much less and therefore a ‘scam’
PND: Lolol this one makes zero sense what so ever and also is never backed up. There was never a pump, never a single paid promotion, and the AS/OS has DECREASED over the past 2 years... so a Reverse Pump and Dump? Oh and considering Roger/Ben haven't converted a single share, they are the worst PnDers on the planet, lol!
Something wrong / funny stuff / what’s hiding: These off the cuff statements provide zero context, story or due diligence. They are never backed up with DD and narrative to match.
Fake Reviews! Fake Auditor!: These types of claims are just flat out 100% made up falseness. We are getting in to tin foil hat territory here. And of course, never ever any back up when asked. So..yeah…Next!
Roger is a train wreck, Roger is lying, scamming us: Yes, the CEO who BOUGHT Snakes, brought the company from sub zero revenues and sub penny to 8 figures and growing and multi penny and leading us off the pinks...yeah... total train wreck.... Oh yeah also the guy who REDUCED the AS/OS, terrible. Oh wait, he has never converted a single share and never had any toxic financing? Yeah ok, these attacks on him are completely false and are not supported.
'Simple audits don't take this long!': Haha this one is a complete joke. This is anything but a simple audit, these are initials and the accounting is becoming establish for upscale as well. The company experienced massive growth post Rogers takeover (because, you know, he is a train wreck and all…) and several acquisitions in short order, needing to merge all systems. This isn’t a giant company with a fully built out accounting dept. (Yet, that is what has been happening, this IS the purpose of all of this, to GET to a higher magnitude of scale and accounting process control.) There are hundreds of thousands if not a Million plus transactions to reconcile, from different systems. (and Morning is in Europe…) But just like the first multi-year audit, the FY18 will be completed and life will move on most beneficially on the QB. It is pretty ridiculous to claim the company would simply stop at this point or 'something is wrong' we saw that same claim over and over before the initial. It is the same bullshit false narrative now.
Taking Public DD and taking one portion / specific set of words or a specific time frame in a chart to create a false narrative: Wow, all one has do to is look at the forest level. Accumulation, Growth, Revenues. Simple as that. There is no support there when one looks at all the data and simply a creation of a false narrative / fake statements.
Macroeconomic Issues! Housing Market!: Haha yeah, this typical platitude bullshit claim. AMFE is actually a LOT MORE macro economy resistant than other companies. Having diverse subsidiaries and a very high cost performance retail service. (Much cheaper to have food drink and entertainment all in one spot vs: going to dinner, going to a bar, and going to another entertainment venue) Plus the board games they sell are excellent value for entertainment time. (And quality people time) So, a downturn in the economy is just a likely to make sales higher as folks want to purchase cheaper goods as not. Plus, the need for MJ and MJ medicine will never go down, in fact a downturn makes the need go UP! Just like Beer and Chocolate. So sure a devastating Macro Economic event that crashes all indexes and markets could indeed impact AMFE, but, well, yeah….. lol.
All the DD is on AMFEs side. AMFE is obviously growing, has been and continues to do so and has DD to back it up.
Yes, the pink marketplace sucks and doesn't handle real companies very well. Too much bullshit noise.
This is why AMFE will join the few that elevate off the pinks to QB. I predict they will be one of the even fewer that go to on QX and at some point in the future, NASDAQ.
This is the path AMFE is on. So much DD has been posted, real DD, backing up the positive growth story. The claims otherwise point to known temporary states: Audit, Stop, current PPS, they never actually talk about the fundamentals of the company itself.
Period.
$$$$ AMFE $$$$
