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Funny....but ETrade said the offer to US citizens is good to me. I declined it anyway....it's restricted and the $30 fee.
My response from TDA said it's an "OTC stock & I should use google to try & find more information"!
Then they went on to say it is rights at .013 GBP & the "offer is NOT being made to US persons". Makes any decision easy for me...
Got my notification from Etrade this morning. Right to buy 12500 AEXFF at .013. $30 fee to exercise. I declined. The rights are restricted.
Yep, looks like we got "rights" to 10% of our shares, to do, or buy "something"? Couldn't find any details so I messaged TD Ameritrade late today...
Don't know and it says $0.00 in the amount column.
Let me know what you find out...
It shows up on mine too... So that's a dividend?
Dividend 12500 is 10% of my position....so at least that makes sense.
I have ETrade....here is what shows on my account:
07/15/16 Dividend 12500 ***AMINEX NEW ORD EUR0.001 ON SUB S... 0.00
and
Date posted: 07/15/2016
Amount: $0.00
Description: ***AMINEX NEW ORD EUR0.001 ON SUB SHS CLAIMS PURPS RTS DIST @ 10%
Don't know what it means. Might call Etrade tomorrow to find out.
Total position has not changed.
Yep...Nothing Today
Anyone have any comments/info regarding the distribution/rights that showed up in my account?
Hey!! Nice Info....Thanks!!
Nice GREEN today!!
bid ask better this morning.
This stock is worth .02 according to the current trading price at London... Trading at 1.48 pence today
Good morning. Hanging in there on the London exchange this morning, up slightly.
1 of Aex.l chat board certainly seems more positive about the news.
http://m.lse.co.uk/markets/shareprice/chat.asp?share=AEX
Take a read.
108k shares changed hands from a bunch of scared sellers to longs... How is that equal to 2.2 billion shares dilution?
Easy. 1.5 billion new shares added to 2.2 billion current shares.
How did you come up with the 40%?
HUGE dilution just announced.
http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/AEX/12886224.html
Another 1.5 billion shares will be issued to raise cash. This will result in an approximately 40% dilution to current shareholders. Very sad.
One can only hope.
May be the start of a strong rally in London. Right now over 7M shares traded with the current bid at 1.30 pence and the ask at 1.35 pence (approx. $.017-.0175 USD).
Trading solid in London since that last news...
AEX.L, 8.675M shares traded in London; closing price 1.25 pence (approx. $.016)
Yes, Ihub is mostly traders. There is a vicious circle here. No volume = no interest; no interest = no volume.
The only way AEXFF can break this vicious circle is IF they can generate a stable revenue stream we could see a bump in prices in London. If London moves up significantly, then the bid and ask in the US should move up as well. So for now, I'm considering my investment in AEXFF as "dead" money but holding on for the medium term (6-12 months).
Not enough people following it on the US market. Just here on IHUB there is only 14 followers.
Unfortunately, you are correct. Apparently there are very few shares held by U.S. traders. This stock's average volume in London is over 4 million shares while it is practically zero on the OTC Pink Sheets (less than 50,000 shares per day and falling; no trades since June 9).
Yup. Still nothing here though. Aside from a very tiny move up on the bid.
AEX.L up 10% in London today. Almost back to where it was pre-Brexit!
I hate making price predictions, but ...
Using a whole bunch of assumptions along with their projected revenue stream of about $55,000 per day (my calculation in USD, factoring in their ownership at about 50%, and 2.2 billion shares outstanding), I calculate yearly revenues to be about $.009 per share. Giving them a price to revenues multiplier of 5 would give a share value of $.045 per share (in USD). - jmho
Yes, I believe that is correct according to the numbers in their PR.
It was solid.. But it still depends on the volume tomorrow.. It's been dead for weeks here.
I thought that it was a pretty solid update.
Tomorrow should be interesting to watch! Patience will pay here.
$AEXFF!
Nice news today in London and the stock is up over there too.
Happy 4th of July to all. Be safe.
Not sure If I calculated it correctly but I did a conversion for 30 mmcf to the $3.00 per mmbtu and it came out to 90,000.
So if I did it correctly thats 90,000 a day according to the news.
Don't know for sure, but their assets seem real. The biggest problem with this company is their financing. They have had to issue over 2 billion shares just to keep them going this year. They desperately need to have a revenue stream coming in ASAP in order to continue their operations. When I read that they were ready for full-time operations in Tanzania, I thought their share price would start moving up. That has NOT been the case. It may still move up some if the can announce full-time operations soon. However, since they are still in a "testing" phase, this may not occur for another 2-3 months. However, if the British pound continues to sink, then by that time the price of AEXFF could be below a penny. Does not look good for this stock right now, that is for sure!
Wonder if There's something Real here?
Still watching. Not much to watch
Brexit seemed to only have a effect on the big boards today. This is still worth the risk though imo, i'm patiently holding.
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LondonAminex Petroleum Services Limited |
Plot No. 431, Mahando Street
Msasani Peninsular,
PO Box 105589
Dar es Salaam, Tanzania
Tel: +255 (0)22 2600814
Fax: +255 (0)22 2601809
Outstanding Shares | 818,700,000 | a/o Jun 30, 2011 |
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