Posted:
#76
Closes at .1739 up 9.2% and 29% on the week.
Best penny stock in the OTC is AMFE
Posted:
#78
Good morning Sol! You're welcome and that is awesome to hear! This company has nonstop excitement and is a cinderella story in the making. Look out for Fins and a PR added to it tonight. Also 2018 guidance. He puts it out in Canada usually the night before and again in the states in the morning on OTCMARKETS.COM go to ticker symbol AMFE and then go under news. I will be refreshing it often later this evening lol.
Posted:
#83
Congrats to you guys but in all seriousness this stock is majorly overbought and can come down faster than it went up.
The value of the company is north of 100 million dollars. For a company with 200k in sales and little to no cash on the books, the valuation is absurd.
That does not mean it will drop tomorrow but come on, just be careful and dont throw away gains. Draw a line in the sand if it declines and dont be afraid to let it go.
Posted:
#84
https://streetregister.com/2017/07/31/arrow-pointing-up-for-amfil-technologies-inc-otcmkts-amfe/
This subsidiary has had a tremendous impact on the financial statements since Fiscal Q2 2017. While the net income of $248,679 may not appear significant, the sales of $6,630,973 allowed the company to execute its expansion plan for each subsidiary and continue to run at a profit. Snakes & Lattes Inc. has been operating with an increased staffing cost since Q4 due to the training of staff members for the new location. All of the new managers and some new staff members have been hired and have been training in the existing locations for the past few weeks, working towards the approximately 70 additional employees which will be required to staff the 3rd and largest location opening first week of September, dubbed 'Midtown'. Staff totals for the Snakes & Lagers Inc. / Snakes & Lattes Inc. subsidiary are now at 126 members. These costs, as well as costs for professional fees and construction, have been injected into the location to ensure that the opening of 'Midtown' proceeds as planned and immediately begins generating revenue. In addition, the subsidiary has been adding strength to the distribution and fulfillment division in preparation for further expansion into Fiscal 2018, with large revenue increases projected as a result.
Far still from overvalued. Snakes and Lattes alone is still undervalued.
Snakes 3rd location is set to open 1st week of September and estimated to bring in an additional 3-4 million dollars by year end. 4th location in Vancouver is in the works now too.
This subsidiary has had a tremendous impact on the financial statements since Fiscal Q2 2017. While the net income of $248,679 may not appear significant, the sales of $6,630,973 allowed the company to execute its expansion plan for each subsidiary and continue to run at a profit. Snakes & Lattes Inc. has been operating with an increased staffing cost since Q4 due to the training of staff members for the new location. All of the new managers and some new staff members have been hired and have been training in the existing locations for the past few weeks, working towards the approximately 70 additional employees which will be required to staff the 3rd and largest location opening first week of September, dubbed 'Midtown'. Staff totals for the Snakes & Lagers Inc. / Snakes & Lattes Inc. subsidiary are now at 126 members. These costs, as well as costs for professional fees and construction, have been injected into the location to ensure that the opening of 'Midtown' proceeds as planned and immediately begins generating revenue. In addition, the subsidiary has been adding strength to the distribution and fulfillment division in preparation for further expansion into Fiscal 2018, with large revenue increases projected as a result.
Far still from overvalued. Snakes and Lattes alone is still undervalued.
Snakes 3rd location is set to open 1st week of September and estimated to bring in an additional 3-4 million dollars by year end. 4th location in Vancouver is in the works now too.
Posted:
#86
Amfil Technologies Inc. (OTC: AMFE) closed up over 9% on Monday with over 7.6 million shares traded by the market close. The company recently announced it posted revenues of $6,630,973 for the FYE 2017 up 2376% from Fiscal Year 2016 which posted $279,045 in total revenue. The company saw a gross profit of $3,678,780 and a net income of $248,679. The company as at year end of June 30th 2017 had $267,257 in cash, $4,691,097 in inventory and $6,599,844 in total assets. Read the full release here: https://finance.yahoo.com/news/amfil-technologies-inc-announces-2017-120000543.html
Posted:
#89
Well we finally had a down day. This beast has held its gains and will continue to. Down 7.4% to close at .176
DCP, that sounds like a plan. I can't wait to go check out the new Midtown location when it opens. So have you been to either of the other two Snakes and Lattes yet? They have their own exclusive beer!
DCP, that sounds like a plan. I can't wait to go check out the new Midtown location when it opens. So have you been to either of the other two Snakes and Lattes yet? They have their own exclusive beer!
Posted:
#90
CEO tweeted theses messages last night.
Tweets
Big things continuing with the Snakes & Lattes subsidiary. Will have a Snakes&Lattes update out by early next week! @Snakesandlattes $AMFE
A senior director at one of the big 5 Canadian banks has reached out to us regarding expansion. Will provide updates accordingly. $AMFE
We mentioned #OTCQX is "first" objective. We will unfold the plans to target the #NASDAQ once we have reached our first goal. $AMFE
Tweets
Big things continuing with the Snakes & Lattes subsidiary. Will have a Snakes&Lattes update out by early next week! @Snakesandlattes $AMFE
A senior director at one of the big 5 Canadian banks has reached out to us regarding expansion. Will provide updates accordingly. $AMFE
We mentioned #OTCQX is "first" objective. We will unfold the plans to target the #NASDAQ once we have reached our first goal. $AMFE
Posted:
#91
Yeah ironically enough I actually went on a 1st date once to the location on Bloor Street, but that was long before AMFE acquired them last year. Probably about late 2013 it was. Thought it was a cool spot and idea then, always figured it was just a local small business type of thing (which I guess it was at the time), so when I started digging and finding out about AMFE after you dropped it on this forum I had that "no kidding" small world type of moment.
And can't believe I hadn't looked the address up before of the new Midtown location but it turns out it's literally about a 5 minute walk from where I live. In a building that used to be a Spring Rolls restaurant. I'll have to take a stroll by it sometime soon...I've been avoiding the area lately as there is a ton of construction going on along Eglinton Av. for the new crosstown subway line. A bit of annoyance right now but will be a primetime spot once everything is all finished!
Posted:
#92
DCP, lol crazy that you went on a first date there years back! It's really cool that you live so close to the new location too. Ive read Yonge and Eglinton has the most foot traffic in all of Toronto, which is the 4th largest city in North America.
For those interested Amfil Technologies CEO Roger Mortimer and Snakes and Lattes Founder Ben Castanie will be co hosting My Two Cents on KSCO.COM with Wes Holst at 9pm Eastern and 6pm Western.
Stock closed the week strong at .1956 !
For those interested Amfil Technologies CEO Roger Mortimer and Snakes and Lattes Founder Ben Castanie will be co hosting My Two Cents on KSCO.COM with Wes Holst at 9pm Eastern and 6pm Western.
Stock closed the week strong at .1956 !
Posted:
#95
Griffin yes!! Up 10% today and closed at .23. Still ground floor for the company if other people are interested in getting in. Many catalysts yet to come. Opening of 3rd location, announcement of exclusive right to the card game Bears vs. Babies (which is one of the most sought after games), Interlock kings spinoff, company acquisition, joint PR with Nintendo, finished audit, uplisting to OTCQX, Cineplex news, orders from HMV and Gamestop, and on and on!
Posted:
#98
New tweets tonight.
Hope everyone had a great weekend! Getting ready for a busy week. The construction of Snakes & Lattes Midtown is coming along nicely!
Meeting with Roto-Gro and the financier in charge of the tech roll-out on the new Ontario cultivation facility this Wednesday. Stay tuned!
GRO3 Sales Team has been very active. Entering final stages of multiple deals for the GRO3 EcoPrO3 Antimicrobial Systems. Stay tuned.
S&L Distribution sales continue to surge. We've got Canadian exclusivity on THE weed expansion pack that has been flying off the shelves!
Shareholder update this week relating to developments with the franchising plans for Snakes&Lattes retail division, and more! Stay tuned
Hope everyone had a great weekend! Getting ready for a busy week. The construction of Snakes & Lattes Midtown is coming along nicely!
Meeting with Roto-Gro and the financier in charge of the tech roll-out on the new Ontario cultivation facility this Wednesday. Stay tuned!
GRO3 Sales Team has been very active. Entering final stages of multiple deals for the GRO3 EcoPrO3 Antimicrobial Systems. Stay tuned.
S&L Distribution sales continue to surge. We've got Canadian exclusivity on THE weed expansion pack that has been flying off the shelves!
Shareholder update this week relating to developments with the franchising plans for Snakes&Lattes retail division, and more! Stay tuned
Posted:
#100
AMFE is reducing 300 million authorized shares from 900 to 600 million. Also reducing outstanding shares by 20 million. Both will be completed by September 30th.
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc--Discusses-Upcoming-300M-Authorized-Share-Count-Reduction--Common-Share-Reduction---Other-General-Updates?id=168351&b=y
https://www.otcmarkets.com/stock/AMFE/news/Amfil-Technologies-Inc--Discusses-Upcoming-300M-Authorized-Share-Count-Reduction--Common-Share-Reduction---Other-General-Updates?id=168351&b=y
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