You are correct.
But my view is long so, based on that timeline, I believe buyers will step in at these prices. The day to day doesn’t concern me. When all the pieces of the puzzle align, the broken link between our pps and the actual concrete valuation of AMFE will also align. This is based on fundamental math which is always correct and cannot be denied or even argued about.
The audit must be produced for this to occur, even if it IS nothing more than the tying of a formal and official ribbon round that which is already known; YoY rev increases, zero dilution (except for measured and prudent expansion), no toxic financing and transparency second to none.
The big buyers we want to see here will not even begin to think about speculating on a play like AMFE unless and until there are officially verified financials available. Things will turn around when this finally happens; maybe not immediately but the math will be impossible to ignore and, at some point, there will be an inflection and the flock will turn in our direction.
The AMFE Direction Inflection
Math doesn’t lie. It is brutally honest. Our pps DOES NOT reflect the true valuation of the company; we are so undervalued it’s criminal. Again, when the link between pps and true valuation is restored, there will be enough green to make this place look like the Scottish Highlands.
No CEO is perfect but, when you invest, you invest in people and Roger has shown himself to be a person who cares about the people who invest in his company, fumbling of the audit communication or not. It is a walk in the park to discern the character of the man; he has demonstrated several times his concern for the well being of his shareholders and has made it extremely evident that increasing the value of his company is paramount. This, no matter what else happens, is enough for me to be here.
Anyway, do as you will accordingly. My lot is cast.