AmeraMex International Inc. (AMMX)

[gtoken65]

Not holding tight as who holds their Christmas bonus and Marty and Tracy are paid in shares so can't get paid unless you sell...Lee blamed private shareholders in 2016 but given that it still happens I blame insiders:

Nov. 15, 2016 8:23
Caller

Right. You can sell it and start all over again. That sounds great and on -- you mentioned the shares that were given out in compensation, I'm looking at it on probably your yearly report and it says here, we're issued as restricted securities as defined in Rule 144, now how long are those -- all those shares restricted for one year, is it 10 years because the shares that were issued looks like one year ago they will be able to sell now.

Lee Hamre

They are restricted for one year all of them and then if we want to get the restriction off as a shareholder you have to go through all the steps to remove the restriction and it takes an opinion letter from SEC lawyer. It takes -- it's not easy to do and on top of that pink sheet stock is restricted is really difficult even to find a broker that can help you sell it.

Caller


Because you put out some great PRs right some good news, today's news was great but then it seems like there is always someone just waiting for that news to sell 100s of 1000s on shares and then the next day, the volume goes to zero and so we...

Lee Hamre

I understand what you are saying. I wonder too I watch the same thing you are watching. Our stock was down quite a ways I guess two, three years ago. I don’t remember exactly when we were down 0.003 and anybody probably at that time we don’t know who they are, they are holding a lot of shares that could sell them and double their money, at 0.006 and we're higher than that.

So hopefully they will run out of shares. They will be gone and then we don’t have the problem anymore. That low point we went through, put some shares out, there were people who were buying them.

Problem I have with that last statement is he should be grateful anyone was buying stock in his company at any price...and he considers them/us as a problem that will hopefully be gone? Nice