Replies to Post #174475 onAmfil Technologies Inc (FUNN)

Replies to #174475 on Amfil Technologies Inc (FUNN)

09/17/18 8:21 PM

Yea but Opening locations hasn’t been the entirety of the job done lol.

What about everything else? Distribution, the acquisition of Morning etc etc

Opening new locations cost a lot of money, and we have been expanding the way we gather revenue.

I bet we will soon start seeing 2 locations announced at a time.

And once franchising really starts kicking in, we could see way more than that being worked on at a time.

User-65225

09/17/18 9:04 PM

#174483 RE: Aggie14 #174475

They could not franchise until the audit was complete, per the law... and because each location is financed/managed by the partner and not the company, they can setup multiple locations at the same time without draining company resources

Everything accelerates now imo. The past year was used for preparation.

We are currently in negotiations with 23 separate locations for potential Snakes & Lattes franchises/joint ventures by interested parties. Negotiations at this point are preliminary as we wait for the audited financial statements to be completed allowing us to discuss definitive franchise agreements. Once the audit is completed, we will move to the next step of negotiations and the U.S. expansion team will visit each proposed location to further qualify candidates, locations, and business plans.

https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc-AMFE-Provides-Update-on-Snakes--Lattes-Inc-Expanding-Retail-Distribution-and-Publishing-Operation?id=196115

User-65225

09/17/18 9:12 PM

#174485 RE: Aggie14 #174475

Remember, Midtown was a $1,000,000 location... Even though locations did not grow as fast, they grew the distribution, fulfillments, publishing, etc, which are key components

IMO they did things wisely. Neglecting these segments and instead focusing on company owned locations would have been dilutive and not as impacting.

Once the stock price pushes higher, they can finance several company owned locations (on top of the six JRF is financing), without too much dilution.

This is all working out fantastically imo.. If they were diluting for locations over the past year, we would have likely dropped even further during consolidation/audit delays, creating more fear, frustration, etc, etc.