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Thread: A.f.c.

  1. #1
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    Default A.f.c.

    Does anyone out there think that it would be a good idea to have a punt on American Food Company formerly Vetilot.
    I see that Brent King is involved and based on his previous form i thought it might be a bit risky eg selling off Directbroking and getting entangled with an attemppt to list Bridgecorp.

  2. #2
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    Its Australasian Food Corporation Limited

    Cheer

  3. #3
    Reincarnated Panthera Snow Leopard's Avatar
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    Lightbulb A Short poem - world premier

    If in doubt,
    Stay out.

    [waits for applause to subside]

    Thank you.

    Best Wishes
    Paper Tiger
    om mani peme hum

  4. #4
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    I wish you had recited that poem before i got married.

  5. #5
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    Tried amending my buy order for AFCWA warrants from 170,000 units at 0.003 to 150,000 units at 0.004 today but ASB refusing to allow my bid to be placed saying its not fair or transparent. THe have knocked by bid back to 0.002 and wont let it progress from there even though it previously sat at 0.003 for at leas the last week. They are saying its not in keeping with a fair and transparent market. ANy suggestions? They wont let me place the bid no matter what volume. Has anyone else had similar issues with this sort of refusal buy or sell with this stock or with ASB?

  6. #6
    percy
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    Why buy AFC,or AFCWAs?

    With negative net cash flow from operating activities of -$2,420,550 and current assests of $3,279,136 compared with current liabilities of $2,744,926 this company looks to me as though it will face serious challenges in the not to distant future.

  7. #7
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    Quote Originally Posted by percy View Post
    Why buy AFC,or AFCWAs?

    With negative net cash flow from operating activities of -$2,420,550 and current assests of $3,279,136 compared with current liabilities of $2,744,926 this company looks to me as though it will face serious challenges in the not to distant future.
    For the same reason i should have bought a small position in ONL.

  8. #8
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    Retiring Director Brent King says the company is now 3 businesses and has money in the bank.
    Please,feel free to look at other revenue producing aquisitions

  9. #9
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    Quote Originally Posted by beetills View Post
    Retiring Director Brent King says the company is now 3 businesses and has money in the bank.
    Please,feel free to look at other revenue producing aquisitions
    Oh yeh and 3 & 1/2 + BILLION shares on issue !

  10. #10
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    AFC Group Holdings Limited 31/12/17 Warrants (AFCWA-NZX) are due to expire soon. The company expects some income from the paying up of these warrants. Last traded price was 0.002 with current sell price of 0.001

    If anyone wants to cash out, Im happy to do off market transfer of 3000,000 at 0.0002 ($600)

    Please PM me to arrange. Thanks

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