Revenue growth + Dilution facts... https://i.i
Post# of 727
Only 165 million shares have been issued over the past THREE years and the stock was subpennies for much of the time. This is extremely frugal for a penny stock investing in this many initiatives...
20 million of Bens shares were converted to PFD, so they have issued a little stock over the past year, but certainly not much...
Rogers pledge for FY2018...
The company intends to keep the share count below 500M throughout Fiscal 2018. http://www.marketwired.com/press-release/amfi...228185.htm
485,323,023 OS as of 07/12/2018, per OTCmarkets.com :
https://www.otcmarkets.com/stock/AMFE/security
Common shares outstanding: 479,253,160 as of: April 1st, 2018
https://backend.otcmarkets.com/otcapi/company...23/content
Common shares outstanding: 479,253,160 as of: January 19th, 2018
https://backend.otcmarkets.com/otcapi/company...19/content
Common shares outstanding: 488,797,586 as of: September 30th 2017
https://backend.otcmarkets.com/otcapi/company...19/content
Common shares outstanding: 473,895,499 as of: July 1st 2017
https://backend.otcmarkets.com/otcapi/company...19/content
___________________
They borrow money using conventional bank financing (non dilutive), then pay it back when they get the larger deals (stronger quarters)... This is a fantastic situation for a small company. As sales increase even more (esp high margin initiatives), they will start to have excess $$$. Their growth will begin to finance additional growth, like the Morning acquisition which was an all cash deal.
I can tell this is a healthy company for the stage they in. Most companies in this stage have to dilute big time to continue fueling growth... which isn't the end of the world, as long as the dilution shows results...
...but AMFE is seeing strong YoY growth without needing to. This is significant and i dont need an auditor to tell me they are healthy or not. I can see it with my own eyes and feel it with my experience.
All non inventory related debt could be wiped off the books with not many restricted shares needing to be sold... So if their debt management gets in a tough situation, they have the ability to bail themselves out, BECAUSE they never overdiluted at the lows...
Many companies stretch themselves thin to get where AMFE is, but they have not needed to and have a solid equity structure as an insurance policy.
(Courtesy of RockStocks)