Replies to post #206722 on Amfil Technologies Inc (FUNN)

[TheGreatGreenRush]

Please explain to us how the auditing process works?

What happens when AMFE meets RBSM for their weekly meeting and requests something new?

When does that information get back to RBSM? When are they able to meet again? The next day? Or during their weekly meeting?

[NJ_TOAD]

How do you know what the problem is? Do you have knowledge nobody else is privy to?

Auditors aren't the problem.

[NJ_TOAD]

How do you know AMFE is not doing their jobs?

Revs are in the 8 figures.

AMFE needs to do their jobs.

[Plowmaster]

Haha TOTAL BULLSHIT! 100% false narrative

AMFE needs to do their jobs.

What a bullshit claim.

AMFEs job is to increase revenues and grow. THERE IS NO DISPUTE THEY ARE DOING BOTH

ALL EVIDENCE SUPPORTS

To say there are not doing their jobs is a 100% false statement.

2018 Snakes & Lattes Achievements:

Snakes & Lattes ‘Midtown’ location goes fully operational, including liquor license (March).
Snakes & Lattes Tempe, Arizona location goes fully operational (September).
Commitments received for Snakes & Lattes locations for Charlotte, Fort Collins, Houston, Denver, and two others yet to be announced which are expected to progress in 2019.
Interested parties have led to an additional 23 locations throughout the United States at various stages of discussion.
All-Cash acquisition of Morning Games.
Enhanced working relationship with board game manufacturer Panda Games in Shenzhen, China.
Prototypes of self-published titles through Morning; Kill the Unicorns, Red Panda, and Ikan were created, entered manufacturing stage, and orders received for big box retailers such as Wal-Mart with expected delivery date early 2019.
Between Nov 1 2017 and Feb 28 2018, the distribution division grew from 20 retailers and 5 SKUs to 170 retailers and 35 SKUs.
The Company provided a list of what has now grown to 60+ publishers and suppliers representing 580+ SKUs that were sold through October and November alone.
Completed over 40 fulfillment campaigns for Kickstarter.
Expanded warehouse space to cater to rapidly expanding distribution business.
Awarded exclusive distribution rights in Canada for Hub Games, the makers of: ‘Rory’s Story Cubes’, ‘Untold’, and ‘Blank’. Also awarded all future developed game titles.
Acquired exclusive Canadian Distribution rights to the game ‘Build Up’.
Awarded exclusive distribution rights to The Awkward Yeti's game ‘OrganATTACK!’ in Canada.
Awarded Galactic Sneeze's lineup of ‘Spank The Yeti’ and ‘Schmovie’, including the “Not Parent Approved” version.
Awarded distribution rights in Canada to ‘Bananagrams’, ‘Fluff’, and ‘Skrawl’ focusing on the hobby market and to help the brand grow amongst retailers and toy stores.

$$$$ AMFE $$$$

[User-65225]

(Repost) Do you think that they will never get their financials in order? Do you think they have come this far to just give up now?

Do you comprehend how fast this company went from nothing to $XX,XXX,XXX? If someone has never been through a undertaking of the magnitude, they wont have a clue of what it entails.

Simple things can take weeks of back and forth BS, just because the auditors have many other clients financials to work on as well. They are not on standby. They are not even located in the same country... You might get one meeting per week and if they ask for more details about something, its another week wasted.

AMFE cant even hire people fast enough right now. They must have 250+ employees and constantly run ads... and finding KEY people, whom can help with the financials, etc TAKES TIME.

Lets also keep in mind that much of their time was spent on the multi year audit. This slowed the 2018 audit. It overlapped... Not many companies experience this many audits back to back to back. ONLY uplisting pink stocks go through this, which is why less than 1% ever complete the multi year audit, which AMFE has already done.

It sucks, i get it, but is it really that hard to see that they are sincere in their efforts and are just slammed with not only several audits IN A ROW, they ALSO have to manage a RAPIDLY GROWING small cap company that cant hire employees fast enough???

Would you rather own a company they doesn't have growth, but gets all their overhead paperwork done on time... or a company that is growing so aggressively, they are having SHORT TERM issues trying to keep up?

Long term, they will be able to hire the right people and all of these issues will be a thing of the past. Nooooo doubt!... These are not long term detriments. These are just growing pains