We invest in AMFE for the company, the long. Always different types of action in the market, and the pink market is especially vile. Ironically it attacks companies doing thing right and rewards building a company in the wrong way. (or worse, rewards building a momentary rise in pps at the detriment of the core company)
The only frustration is in the wait itself. Every company i've been in, the IPO or acquisition took 50-100% longer than expected or even talked about by management when I joined. They tell me '1-2 years' and I would know what it would really take after assessing for a week. Always 3-5 years. Why??? Something Wrong Here??? No, it is simply the cumulative myriad of things that take effort, don't go quite as planned, some mistakes and lessons learned, just freaking business. Markets are forward focused. Management is positive and needs to be, so it is critical one sees the real 'crumbs' of growth, really sees the progress in limited information. The ONLY difference between those start ups I work for and AMFE is the start ups got VC (Venture Capital) money and a BOD of a few select folk to guide the ship. The build EVERYTHING first, then IPO. BUT, you aren't getting that company for pennies. You pay $10,20,50,100 for them, and THEY ARE STILL A RISK on the NASDAQ. But, when I joined those companies, I got MY options at $.50... why??? Because NOT EVERYTHING was built yet. If AMFE was a private company I can assure you the BOD would be ECSTATIC over what we have. The growth, the market potential, they would be giddy with excitement, they would get the freaking audit takes longer than anyone wants. BUT they would be in it for the LONG, building the LONG. Now unfortunately, we started out in the pinks, NOTHING Roger could do about that. So the BOD is the pink market. Not an ideal BOD at all, but it is what it is. However WE got to get those options super cheap. Getting to the QB (especially VERSUS starting out QB where the set up it to promote the company because it is QB, be wary of that) is like an IPO, different world, new level, reduced risk for fiscal risk from an institution standpoint. The irony is everyone aways complains about the pinks, thinks the scams claims they dont do the real work make a real company. Well now we have a rare gem, building a real company, putting in the real effort, but Roger is getting punished for building in THE RIGHT WAY. Yes, the pink markets are truly vile.
We will get to the QB, it won't be forever, it won't even be that much longer, just the moment from now until will feel like an eternity. It always does.
Regardless of any claims. Roger is truly building long term value, and he is doing it for the shareholders.
-PM
