No problem man, welcome. AMFE is sokid. Just do your own DD for yourself, be careful who you listen to around here. There are 4 who will try to scare you, you'll know who they are right away. Just look at the facts.
Simple math for the simple minded:
-The OTC-QB is a an exchange with a higher disclosure of information requiring an annual audit.
-AMFE wants to get onto the OTC-QB and beyond.
-AMFE voluntarily subjected themselves to be audit to qualify for this tier with higher disclosure the desire to be on.
-The audit to get qualified costed AMFE $45,000. That's a lot of money to waste to potentially expose themselves if AMFE were up to something shady.
-If AMFE were up to some scam, or cooking the books, why would they 1.) Volunteer to be audited, 2.) Pay and risk a butt load of money to do so, 3.) Why would they desire to be on an exchange with more disclosure and regular annual audits.
-It makes no sense. And auditors would likely find the "cooked books" and have already backed out of doing the audit if that were the case.
-We have shareholders here who do auditing like this for a living, and they sleep at night stress free, and have no worries. The length of time this audit took doesn't puzzle them, they believe it's been a reasonable amount of time for a complex project like an initial audit of a company going back 3 years over multiple subsidiaries and acquisitions, given what involved like government and international transactions, etc.
-Yes, a simple error in the book keeping was found, AMFE at some point reported net when they should have reported gross, and the result of that error is that AMFE actually made $1.5 million more in revenue than realized for fiscal year 2017, and hundreds of thousands of dollars more than realized in fiscal year 2018. That's rough [sarcasm]....
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