Replies to post #278327 on Amfil Technologies Inc (FUNN)

[grtnative]

Rushman,

You are absolutely right.

The executives Roger and Ben have repeatedly failed us.

They are now diluting shareholder value through the issuance of new shares and producing debt instruments thereon. Nevermind entering into non-disclosed revenue sharing and partnership agreements in return for capital and t&m.

There are currently 335 Million shares in the public float.
The company has also issued another 175 Million shares for options and deferrals. (35% of current share capital tied up in debt structuring).
Roger and Ben have privileged shares equivilent to an additional 370 Million shares.

Roger and Ben own equivalent shares greater than the total number of shares currently in the public float.

For executive failings, public shareholders should not be diluted. The executives should instead be reaching into their own personal share ownership to ensure that the right capital structure and partnerships are in place to move this entity forward.

Shareholders have suffered enough through executive mismanagement.
* If we need a new CEO for S&L then any preferred shares or deferred share offering to entice that individual onboard should come directly vis-a-vis from the shares owned by Roger and Ben.
* If we need more capital, eg. to pay for audits, to pay for failed ventures and games, to reinforce corporate operations (financial discipline) it should come again come from reducing executive ownership of the company.

It is the executives (and majority ownerships) repeated failings that have necessitated these measures.

During these events, Roger and Ben should be looking to enter into a buyback agreement with FUNN for shares at a value in the fractions of a penny.

While management continue to own more than half of the company, executives remain unaccountable to public shareholders.

Listen, we all know this is heading to 0.02. Just let it happen so we can finally form a bottom and start working on going the other direction. No use fighting it. LONGS here are tapped out. We don't have or don't want to commit enough capital trying to keep this afloat. Roger isn't going to swoop down and save us. Only the audit and uplist can and we apparently haven't even started that yet.