Amincor Inc (AMNC)

[ElCollector]

Still waiting patiently but this seems huge upside and I really love doughnuts - i wish they produced the new doughnut vending machines LOL

[adijas]

AMNC and AMNCB filings out, with news in it. 'In April 2020 the Company entered into an agreement to become an exclusive co-producer for a national retailer of doughnuts'

https://www.otcmarkets.com/stock/AMNC/disclosure

[ElCollector]

Accumulating more here

[adijas]

New officers on NVSOS

[adijas]

Merger sub dissolved on NVSOS, so merger is done

[phattrader]

https://backend.otcmarkets.com/otcapi/company/financial-report/234808/content

[phattrader]

float here is like 1 million shares...is that right? officers hold the rest according to todays report?



AMNC

[phattrader]

https://backend.otcmarkets.com/otcapi/company/financial-report/234807/content

AMNC

[phattrader]

https://backend.otcmarkets.com/otcapi/company/financial-report/234620/content

[Quintessence]

Nice to see. Volume should come soon. AMNCB had a little ASK slap today.

[phattrader]

/cheer

[Golden Cross]

$AMNC Tier_Change: Pink Limited to Pink Current

OTCM Link
https://www.otcmarkets.com/stock/AMNC/disclosure

[Quintessence]

Yes, including Attorney Letter with Respect to Current Information. Should get to pink-current status soon.

[phattrader]

filings again earlier today

[phattrader]

or not lol...will anything bring this current and back frm the edge of death?

[phattrader]

looks like some action finally going to happen here after this latest batch of filings and the attorney letter now covering them all...

VERT going to be the ax here?

lets hope they let it run on s/s for awhile before they kill it lol

imo

AMNC

[Traderfan]

Lot's of filings hitting again, gonna be pink current soon.

[Quintessence]

Attorney Letter with Respect to Current Information filed, along with a number of financial reports.

https://www.otcmarkets.com/stock/AMNC/disclosure

[Traderfan]

Pink current is next.

[ElCollector]

What's next after Pink Limited - thanks

[Golden Cross]

AMNC Tier Change
Pink No Information to Pink Limited

[halbroke1]

AMNC $$$ THIS MONSTER COULD EASILY GO TO $3.00-$5.00/SHARE, IF THIS MERGER IS HUGE..IM GLAD U FOUND THIS ONE adijas, THANK-YOU..IM LOADING CHEAPIES TODAY, DO THE MASSES KNOW ABOUT THIS MONSTER-GEM OUT-THERE, WOW !!!

[adijas]

'On March 1, 2019, the Company executed an Agreement and Plan of Merger with AMNC Merger Sub, Inc. and Vertical Exchange Capital, Inc. wherein the Company intends to effect a merger of the Company with and into AMNC Merger Sub, Inc. Upon the consummation of the merger AMNC Merger Sub, Inc. will become a wholly owned subsidiary of the Company. Due diligence is still underwayas of the time of filing between all parties under the agreement and plan of merger.'

[ElCollector]

Attorney letter filing copied CEO, George Wight, who is Chairman of Vertical Exchange Capital according to LinkedIn

[adijas]

Good to see you!

[Quintessence]

So I am a little late to the party, but at least I'm here now!

[adijas]

I bought this when they started filing last time, in 2016...

[Quintessence]

I was bidding both - got some Bs. Hopefully some As get filled too.

[adijas]

I own both

[trader026]

Took some AMNCB

[Quintessence]

I kinda like the B-class shares (AMNCB). Though less liquid, I think they could move more dramatically.

[phattrader]

nice!

AMNC

[adijas]

Filings out!

[$on_myMind]

nice to see some ask slaps today. still love this one

[rakp]

Is the share structure the same as it was in 2014?

[phattrader]

i haven't seen any new info but it should get interesting here at some point with the merger stuff in the background and the great s/s...

[$on_myMind]

volume here lately .. something up. merger info added months back. anyone know anything? https://www.nvsos.gov/SOSEntitySearch/CorpDetails.aspx?lx8nvq=2Wk8RKBjiGJKQRRAkq%252b06w%253d%253d

[adijas]

Not really, but as you can see here https://www.nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=2ivaYTVeyEMeZFZubl20Ow%253d%253d they have 3 types of shares. The 82 million is new, so I think that is for the merger.

[phattrader]

any thoughts on how this might unfold with the 2 sets of shares scenario here that we have here?

tia

AMNC

[adijas]

Amendment in SS filed on NVSOS. Looks like it's starting https://www.nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=2ivaYTVeyEMeZFZubl20Ow%253d%253d&CorpName=AMINCOR%2c+INC.

[phattrader]

at some point traders will figure out a merger is coming here and then the fun begins...

AMNC

[Traderfan]

Yes I saw this. Seems like there should definitely be something in the works here. Always exciting in such an extremely low floater, hopefully they will get into gear soon.

[adijas]

Just speculation, but in 2916 they refiled some old filings, including a 2016 disclosure statement https://www.otcmarkets.com/stock/AMNC/disclosure Maybe they wanted to merge back then, but it took much more time to execute the agreement.
Another intersting thing is their B stock traded 26,6k 2/20, so before the merger sub was set up, while it almost never traded before. https://www.nasdaq.com/symbol/amncb/historical

[Traderfan]

Oh absolutely. Just wanted to make sure what you meant technically. Not so familiar with these shell filings and sos updates. Thx.

[adijas]

Well, it's OTC, I never rule out a surprise.

[Traderfan]

AMNC, you said they set up a merger sub. What did you mean when you said "if it goes through"? What else could be a reason for them to do this except that they wanna bring a merger candidate in here?

[phattrader]

excellent.

AMNC

[adijas]

They set up a merger sub today https://www.nvsos.gov/SOSEntitySearch/corpActions.aspx?lx8nvq=2Wk8RKBjiGJKQRRAkq%252b06w%253d%253d&CorpName=AMNC+MERGER+SUB%2c+INC. If it goes through, our patience might be finally rewarded (big)

[phattrader]

i have been here for a long time too...

its alive!?!

AMNC

[adijas]

It's very thin. I own this for ages, but sure looks like soething will happen here. Sister stock AMNCB had sudden volume 2 weeks ago https://www.nasdaq.com/symbol/amncb/historical