No problem man, i wish you guys would have listened to me last year when i mentioned investing in MJ instead of that POS... Most of these plays have really overinflated and they are full of inexperienced money looking to get rich on their favorite pastime... Last year, you could buy any ticker and make $$$. It did not even matter what they did. Most of them are full-o-chit anyways
Its a pickers market now... and AMFE is one of the few that i can say is seriously undervalued, based on the math, not just speculation. With some slight adjustments to the way they tell their story, this would be one of the hottest stocks in pennyland, imo.
We were in the #1 and #2 best percentage gaining stocks in the MJ sector today, out of the 117 i follow... The other one has a lot to prove still, which is why i mostly just trade in and out of it, but AMFE has it all going for it right now... This is a rare long hold for me in pennyland. I search long and hard for these types of setups.
It would take a bad streak of luck to screw up the momentum Snakes has. The sub is on auto pilot now... The next step is getting the share price as freakin high as they possibly can, then building the next 10 locations with just like 50,000,000 shares or less being sold to an excited group of new investors, raising like $5-10 million. This is just hypothetical, but if they can do something along these lines, we could see a market cap in the hundreds of millions.... It takes $ to make $$$. They have the repeatable business model down, with 90 trained employees able to grow with the biz and help setup future locations. They just need to aggressively fund it, when the timing is right.
After reaching a milestone of that magnitude, the profits and franchise opportunities will start to bankroll an exponential increase in locations, along with possible buybacks, dividends, etc... Bank financing is also an option, especially if they are able to start owning some properties one day, like other restaurant, bar, cafe, entertainment chains do for some of their locations.
... and its not a short term fad... The first one opened in 2010 and they cant expand fast enough to meet demand just within Toronto, which is the 4th largest city in North America
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