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Tech CEO calls for radical datacenter innovation in keynote at World Technology Mapping Forum, says polymers are the answer
ENGLEWOOD, CO, June 20, 2019 (GLOBE NEWSWIRE) --
Tech is continuously innovating so what's the big deal? The issue is a coming change in the kind of innovation needed. "We've been moving fast in pretty much one direction for decades and that's about to change", says Michael Lebby, CEO of Lightwave Logic.
Several years ago, there was a sudden turn in the roadmap for transistors and IC's that some called the demise of Moore's Law. Now a similar end of the road is approaching for the interconnects between chips, including both electrical and photonic (optical) interconnects.
At the World Technology Mapping Forum's latest working session held last week in Berlin, the participants agreed that radically different architectures and solutions will be needed during the next decade for a number of markets which has implications on technical decisions being made now. ...
Click here to read the full story: https://mail.google.com/mail/u/0/?tab=wm&ogbl#inbox/FMfcgxwChJmJbZXfZbllLrdfzGpBXGzr
Hello everyone - recognize many investors handles here.
Thanks for the heads up shermann7
A bunch of good people here!
TooFrank
$NIO EV Battery Swaping technology will likely be a critical enabler for electrification not just in cars but planes drones rideshare fleets and AutonomousVehicles
https://www.wired.com/story/the-faster-cheaper-better-way-to-charge-electric-vehicles/
Great News on this Buy and Hold GEM ... EXROF!!!
Shermann
Exro’s DPM Technology Advances into Product Lines
For Immediate Release
June 19, 2019
VANCOUVER, B.C. – Exro Technologies Inc. (CSE: XRO; OTCQB: EXROF) (the “Company” or “Exro”) is pleased to announce an initial order has been received from Potencia Industrial for the Motor Driver (MD) controllers. The Motor Driver controller connects the battery to the electric motor and enables the motor to run more efficiently with high reliability and safety features. The Motor Driver is designed for independent integration as well as being one of five modular units that comprise the overall Intelligent Energy Management System (IEMS) that was announced on June 12, 2019 (News Release)
Exro will begin initial validation and testing at Potencia´s facilities in Mexico City. Exro is forecasting delivery of the first units in Q4 of 2019 and once testing is completed, integration is planned on several Potencia motor models with various applications.
“The Motor Driver will enable Potencia Motors to achieve maximum efficiency with a design customized for the application. We have confidence in the Technology and look forward to commercializing this product once it has completed testing and meets our market performance targets. “said Roberto Gottfried General Manager at Potencia.
Exro’s IEMS contains five modular units:
Motor Driver (MD): Conduit that connects the battery to the electric motor and enables the motor to run more efficiently with high reliability and safety features. Central Power Control Unit (CPCU): Enables data collection such as temperature, current, voltage, status, and power usage of the IEMS, with all data being transferred to the cloud through a cellular or Wi-Fi network. An onboard satellite positioning device will provide further energy-usage analysis capabilities. CPCU Cloud Services and Security: Service to access the data collected from the IEMS through a user-friendly interface. Analysis for preventive maintenance and vehicle performance, as well as other optimization recommendations are part of the cloud service. Inter-Cell Artificial Intelligence Unit (ICAI): Self-learning software system that controls the battery controller; the ICAI controls how energy is used or transferred for each cell, or a group of cells, both for charging and discharging. Battery Controller (BC): Underlying hardware that enables the control of a group of cells; together with the software of the Inter-Cell Artificial Intelligence System, it enables energy use optimization, cell monitoring and protection as well as data communication.
“This is an exciting milestone for Exro as we launch the first phase of the IEMS technology” said Mark Godsy CEO of Exro Technologies “Our CTO, Ari Berger and his team are now able to showcase the technology they have developed which aims to deliver cost benefits and improved performance.”
Delivery of the remaining four components which make up the full IEMS technology will enable full system testing and is expected by the end of the year.
About Exro Technologies Inc.
Exro facilitates the transition to clean energy by providing products and services to manufacturers to increase the efficiency and reliability of power systems, including electric motors, generators and batteries. Exro's patented technology enhances energy systems by dynamically sensing and adapting variable inputs and optimally matching them to desired outputs, creating measurable performance gains and extended lifespan. The widespread applications of the technology apply to optimizing the performance of electric vehicles, UAVs, and ship drives, as well as pumps, industrial motors, and energy capture from wind and tides.
For more information visit our website at www.exro.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Mark Godsy, Director & CEO
INVESTOR CONTACT INFORMATION: info@exro.com
Forward Looking Statements
Certain statements contained in this News Release constitute forward-looking statements. When used in this document, the words “believe”, "may", "would", "could", "will" and similar expressions, as they relate to the Company or its management are intended to identify forward-looking statements. More particularly and without limitation, this news release contains forward-looking statements and information concerning the Company’s intention to commercialize its product in the near term. Such statements reflect the Company's current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company's actual performance or achievements to vary from those described herein. Should one or more of these factors or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. The Company does not assume any obligation to update these forward-looking statements, except as required by law.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
INVESTOR CONTACT INFORMATION
ir@exro.com
Copyright © 2018 Exro Technologies Inc, All rights reserved.
Our mailing address is:
Suite 2820 - 200 Granville Street
Vancouver, British Columbia, Canada V6C 1S4
SOLI . has anyone alerted the board to this story stock? one to keep an eye on for sure, lots happening behind the scenes as noted by the companies court filings. a buy and hold IMO . come over to the board for all the DD
Yes SHMP is at a perfect entry point if you don't own it .
I concur with 12Retyr on UNVC. It looks like it ought to a fantastic opportunity!
It’s being batted around (like many lower-priced OTC stocks) by the daily machinations of the traders, but I bought a ton of it and am waiting for it to explode.
Nice find Cherry! That is a great article on a solid INVESTMENT opportunity.
I like to share this article on SHMP
https://insiderfinancial.com/naturalshrimp-inc-otcmktsshmp-expect-strong-rebound/179202/
Company Description - (INKW)
Greene Concepts Inc. is a New York domiciled corporation having corporate roots dating back to its inception in 1952. Greene Concepts Inc., thru its wholly-owned subsidiary Mammoth Ventures Inc., owns and operates a bottling and beverage facility in Marion, North Carolina. The Marion, NC facility is a 60,000 sq. ft. bottling and beverage plant that is located within the boundaries of the Pisgah National Forest. The bottling facility has as its water sources a combination of seven (7) spring and artesian wells that are fed from a natural aquifer that is located deep below the Pisgah National Forest. Mammoth Ventures is focused on producing a variety of beverage product lines including , but not limited to spring-and artisan water,CBD infused beverages,pH balanced-water and beverage offerings,aswellas enhancedathletic drinksinadditiontootherproductofferings.Additionally,Mammoth Ventures is a third-party producer and bottler of "white label" beverage and water products. White label bottling services are provided for clients that desire to market their own product formulations,brandnameand labelingwhileoutsourcingtheproductionandbottlingoftheir products to Mammoth Ventures.
Phone: 559 – 434 – 1000 Website: greeneconcepts.com/
Share Structure
Market Cap – Authorized Shares - Outstanding Shares - Held at DTC -
Float -
Security Details
4,933,609 – 05/30/2019 3,020,000,000 -05/30/2018
783,112,466 - 05/30/2019 Not Available
219,466,204 - 05/30/2019
Recent News
Press Release | 04/10/2019
MARION, N.C., April 10, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE – Greene Concepts, Inc. (OTC: INKW) (greeneconcepts.com) (“Greene Concepts” or the “Company”), an emerging leader in the global scientifically formulated beverage industry, is excited to update shareholders as the Company moves toward the launch of its specialty beverage operations through its wholly-owned subsidiary, Mammoth Ventures, Inc (“Mammoth Ventures”).
As announced in February, the Company recently completed the 100% acquisition of Mammoth Ventures in a deal that included a 60,000 sq. ft. beverage and bottling facility in Marion, NC. This acquisition included all assets held by Mammoth Ventures, including the building housing the bottling facility, and all bottling equipment, fixtures, and inventory within.
The Company plans to use this facility, which had been strictly dedicated to the production and distribution of spring and artesian water, to produce high-margin products targeting the $1.08 trillion health and wellness space. “Over the course of the past decade, the business of bottling standard spring and artesian water has been commoditized aggressively resulting in the loss of premium margins,” stated Karen Howard, CEO of Greene Concepts. “That shift has devalued related production equipment and introduced the potential to transition an excellent facility like this into a higher margin space, such as the scientifically formulated beverage market, which is a clear opportunity.”
The equipment within the facility is professional grade and in excellent working condition. The productive capacity of the facility equates to approximately 8 million cases per year, which represents approximately 192 million individual bottles per year. Additionally, Mammoth’s 60,000 sq. ft. facility provides ample room for future expansion of capacity or extension to include the production of other core life enhancement products.
Management notes that Mammoth will be focusing on nutritional beverage products for the average consumer looking for general life enhancement, as well as specialty markets such as athletic performance product market and the rapidly growing senior care market.
Greene Concepts Announces Expansion into $127B Specialty
Beverage Market
Howard continued, “Mammoth is a diamond in the rough. We believe this facility was hugely undervalued due to the loss of premium margin in the water space because it can just as easily be used to produce high-quality high-margin formulated beverages, where consumers are eager and willing to pay $2-$3 per unit for flavor-infusion and $5-$10 per unit for more advanced formulated beverages. This is a no-brainer.”
Greene Concepts Partners with Leading Global CRO, Accelerates
Path to $23B RTD Market
Press Release | 04/23/2019
MARION, N.C., April 23, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE – Greene Concepts, Inc. (OTC: INKW) (greeneconcepts.com) (“Greene Concepts” or the “Company”), an emerging leader in the global scientifically formulated beverage industry, is excited to announce that it has entered into a strategic partnership with Nutrasource, a premier global contract research organization, to assist its wholly-owned subsidiary, Mammoth Ventures, Inc (“Mammoth Ventures”), with all regulatory, clinical, product development, and testing solutions for its ready-to-drink (“RTD”) beverage products and dietary supplements throughout North America.
“This alliance is a central component of our compliance strategy and our commitment to all current regulatory and clinical guidelines for the launch of our new functional beverage line,” stated Karen Howard, CEO of Green Concepts. “Nutrasource has an impeccable reputation for excellence in science and regulation, not only in the U.S. and Canada, but globally. Having access to this elite level of expertise allows us to get both more aggressive and more creative, and to dramatically differentiate our products and drive value for our customers and shareholders.”
Management notes that Nutrasource will be in a strong position to assist with the Company’s development of its RTD nutritional beverage line, while also providing material value as the Company navigates critical opportunities related to market access, regulatory classification, and further operational and strategic development.
Nutrasource has four offices in three countries with a staff of over 150. A provider of one- stop-shop services for healthcare product development and market entry services, Nutrasource specializes in global regulatory compliance, product claims support, clinical trials, and product testing for dietary supplements, cannabis and CBD products, foods and beverages, pet products, and medical products.
We are delighted to have been chosen by Greene Concepts, Inc., and to now support them with their product development goals and launch plans as they expand across product lines and key markets,” stated William Rowe, Nutrasource President and CEO. “The beverage market continues to develop quickly in so many key areas through novel formulation, advanced delivery technology, and the resulting potential for unique strategies.”
According to MarketResearch.com, the single-serve RTD beverage space has grown into a $23 billion market, with energy drinks and shots, sports drinks, and nutrient-enhanced waters worth $15 billion alone.
Ms. Howard continued, “This agreement with Nutrasource will give us a distinct advantage in the scientifically formulated beverage space as we ramp toward our launch of core production and begin to strategize about new product expansion and low-hanging fruit on the marketing side.”
About Greene Concepts, Inc. and Mammoth Ventures Inc.
Greene Concepts, Inc. (greeneconcepts.com) is a publicly traded company. Through its recently acquired wholly-owned subsidiary, Mammoth Ventures Inc., the Company has entered into the specialty beverage and bottling business.
Greene Concepts Inc. Updates Shareholders on North Carolina
Plant Renovations and Start Up
Press Release | 03/29/2019
MARION, N.C., March 27, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Greene Concepts, Inc. (OTC: INKW) today updated shareholders on the Company’s progress towards relaunching production at the Company’s beverage and bottling plant in Marion, North Carolina.
In February of this year, Greene Concepts Inc. acquired 100% of Mammoth Ventures Inc. which is the holding company that acquired and owns the 60,000 sq. ft. bottling facility and all equipment previously owned and operated by North Cove Springs Bottling and Beverage Inc. Mammoth Ventures Inc. is a wholly-owned subsidiary of Greene Concepts Inc.
Upon acquiring the bottling facility, Mammoth Ventures began the process of performing required maintenance to revitalize all the equipment and facility infrastructure in order to
relaunch production at the plant. At the time of the acquisition all of the plant equipment was in superb condition though the equipment did require a thorough inspection and light maintenance to assure proper operation when the bottling lines are relaunched. The Company hired a 30+ year veteran of the beverage and bottling industry as plant manager to oversee operations as well as the revitalization and relaunch of the facility.
The Food and Drug Administration requires adherence to current good manufacturing practice (CGMP) regulations for the processing and bottling of bottled drinking water, which includes facility inspection and documentation of corrective measures and reporting requirements, as well as new requirements for hazard assessments and food safety (HACCP) plans mandated by the Food Safety and Modernization Act (FSMA). Final preparations for inspection are underway, including building and facility maintenance such as pressure washing, painting, general cleaning, and minor building repairs.
In addition to complete cleaning and maintenance of the 60,000 sq. ft. facility, standard operating policies and procedures must be documented in accordance with federal legislation. This includes conducting and reporting of microbial testing of source water and any finished product, which must be completed prior to initiating filling and packaging of bottles for shipment from the Company’s production lines.
“We are 100% committed to the safety of our products and welfare of our customers,” said
is our number one priority at the moment. We anticipate scheduling of regulatory inspection is in the next 45-60 days.” and concert with the coordination of the final preparations for inspection and the launching of production, the Company is presently working with a number of distributors and retailers to presale orders for production once the plant is fully operational.
on or ahead of schedule.
Karen Howard, CEO of Greene Concepts Inc. “Adhering to the FDA’s food safety
standards
The progress being made at the plant has
been going extremely
well and schedules of maintenance, repairs and facility preparations
have consistently been
Financials
Major Catalysts
• Greene Concepts has completed the 100% acquisition of Mammoth Ventures., a holding company which includes the 60,000 sq. ft. beverage and bottling facility located just outside of Asheville,NC.
• Karen Howard recently being appointed CEO, she also serves as CEO for the Organic and Natural Health Association
https://www.youtube.com/watch?v=PS5KsbtNSfk
• Recently did a stock buyback, and a 360 million common share retirement.
• Greene Concepts recent strategic partnership with Nutrasource, a premier global contract research organization
Looks Good - Thank-you for the link!!!
Shermann
I thought you guys might benefit from reviewing Jim Cramer's 25 Rules for Investing. Here's the link:
https://www.thestreet.com/files/m/white-paper/sb-72/prrg-0026_white_paper.pdf
Here is a gem for everyone....VSTR
ValueSetters is a solid and impressive company. The management team is Harvard, Yale, and MIT educated with backgrounds in fund management and as angel investors.
The company helps newer companies with fund raising, digital platform marketing, and business strategy consulting.
They have raised over 14 million for clients so far. They accept an equity stake in some clients as payment for services.
The company is helping Braidy Industries raise 1.8 Billion dollars. Commissions from this offering that closes 6/15/19 will be impressive.
Year end was 4/30 so 10k will be released soon, and they are also working on moving to QB from pink.
https://valuesetters.com/
https://privateequitymarkets.us/valuesetters-inc-otcvstr
https://netcapital.com/
I would like to draw everyone's attention to UNVC. This is a newly-formed conglomerate that sounds like it has enormous potential. The CEO appears to be squeaky clean, which is critical to me. I'll confess that I am NOT a good source for DD on this one, but just follow the board and you'll find everything you're looking for. Good luck to everyone!
Our top Buy and Hold companies in order are:
SHMP - PPS 10.3 - O/S 308.15M - Market Cap 31.74M
AMFE - PPS 06.2 - O/S 494.92M - Market Cap 30.59M
EXROF - PPS .180 - O/S 054.60M - Market Cap 09.83M
AMMX - PPS .017 - O/S 753.42M - Market Cap 12.73M
SLVRF - PPS .112 - O/S 107.63M - Market Cap 12.08M
LTBR - PPS .690 - O/S 036.47M - Market Cap 25.17M
GPL - PPS .740 - O/S 278.60M - Market Cap 204.61M
We are invsted in all these companies. I encourage everyone to post their lists - Buy and Hold only Please!!!
Best of Luck.
Shermann
Exro’s DPM Technology Advances into Product Lines
For Immediate Release
June 12, 2019
VANCOUVER, B.C. – Exro Technologies Inc. (CSE: XRO; OTCQB: EXROF) (the “Company”) Exro is pleased to report the architectural design of its Intelligent Energy Management System (IEMS) has been completed addressing the important relationship between the electric motor and the lithium ion battery.
Exro’s IEMS targets energy usage between lithium ion battery cells and the electric motor, to improve performance and realize savings. The IEMS design consists of five modular units which can be integrated independently, providing additional benefits. Maximum benefits of enhanced performance, efficiency and increased battery life can be achieved when the full IEMS product line is applied.
The five modular units are:
Motor Driver (MD): Conduit that connects the battery to the electric motor and enables the motor to run more efficiently with high reliability and safety features.
Central Power Control Unit (CPCU): Enables data collection such as temperature, current, voltage, status, and power usage of the IEMS, with all data being transferred to the cloud through a cellular or Wi-Fi network. An onboard satellite positioning device will provide further energy-usage analysis capabilities.
CPCU Cloud Services and Security: Service to access the data collected from the IEMS through a user-friendly interface. Analysis for preventive maintenance and vehicle performance, as well as other optimization recommendations are part of the cloud service.
Inter-Cell Artificial Intelligence Unit (ICAI): Self-learning software system that controls the battery controller; the ICAI controls how energy is used or transferred for each cell, or a group of cells, both for charging and discharging.
Battery Controller (BC): Underlying hardware that enables the control of a group of cells; together with the software of the Inter-Cell Artificial Intelligence System, it enables energy use optimization, cell monitoring and protection as well as data communication.
“Our first priority will be the delivery of the motor driver as it is the conduit that connects the battery to the electric motor and anchors the entire system” said Ari Berger, Exro’s Chief Technology Officer. “Our goal is to revolutionize the way energy is managed and when the entire Intelligent Energy Management System is integrated, we aim to be the industry leaders in performance and efficiencies of these drivetrains.”
Exro will report on milestones as they are achieved in the coming months.
About Exro Technologies Inc.
Exro facilitates the transition to clean energy by providing products and services to manufacturers to increase the efficiency and reliability of power systems, including electric motors, generators and batteries. Exro's patented technology enhances energy systems by dynamically sensing and adapting variable inputs and optimally matching them to desired outputs, creating measurable performance gains and extended lifespan. The widespread applications of the technology apply to optimizing the performance of electric vehicles, UAVs, and ship drives, as well as pumps, industrial motors, and energy capture from wind and tides.
For more information visit our website at www.exro.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Mark Godsy, Director & CEO
INVESTOR CONTACT INFORMATION: info@exro.com
Forward Looking Statements
Certain statements contained in this News Release constitute forward-looking statements. When used in this document, the words “believe”, "may", "would", "could", "will" and similar expressions, as they relate to the Company or its management are intended to identify forward-looking statements. More particularly and without limitation, this news release contains forward-looking statements and information concerning the Company’s intention to commercialize its product in the near term. Such statements reflect the Company's current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company's actual performance or achievements to vary from those described herein. Should one or more of these factors or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. The Company does not assume any obligation to update these forward-looking statements, except as required by law.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
INVESTOR CONTACT INFORMATION
ir@exro.com
There is never any rush ... Tried that once ... It did not work ...
Shermann
Sounds pretty interesting. Dead broke at the moment but will look to get in asap. Thanks for this.
Very nice post very informative !
EXROF - Exro technologies EXROF - O/S is 54.6 Million - Latest close on 6/10/2019 - .17 - Market Cap - 10 Million
Web Page - https://www.exro.com/ ... For Investors - https://www.exro.com/investors/filings-financials/
Overview - https://www.exro.com/about-us/overview/ ... This is a Tremendous Buy and Hold Opportunity
Exro is a Vancouver, BC-based technology company that is dedicated to creating an intelligent energy management system that converts energy in new ways to improve the performance, efficiency, and longevity of batteries, electric motors and generators. Exro’s foundational Dynamic Power Management System (DPM) improves the performance and efficiency of electric motors by separating individual coils to thereby enable coil switching according to power needs. Exro also applies its novel approach to generators, by isolating the individual coils and applying DPM to the system, thereby allowing for a greater range of energy creation.
Exro technology also applies the principle of managing “energy” as it converts at the individual level to lithium ion batteries. By managing the charge and discharge of energy at the individual cell level of a lithium ion battery, Exro’s aims to improve the battery performance and efficiencies, which should result in longer usage and possibly a second life of a battery.
Exro’s Dynamic Power Management system has evolved into an intelligent energy management system with broader applications. Exro is putting the intelligence into energy management and seeks to accelerate the global transition to clean energy.
The Following Announcement Shows that a Third Party Company has approved the Proof of Concept, and they are now moving into production. Shares trade really tight here. This is a new growth company just turning the corner into production mode. The technology truly gives them a Competitive Advantage.
Exro’s DPM Technology Advances into Product Lines - June 5th 2019
https://www.exro.com/news/exros-dpm-technology-advances-into-product-lines/
Motor control expert Ari Berger joins Exro as CTO - April 4th 2019
https://backend.otcmarkets.com/otcapi/company/dns/news/document/35687/content
Exro and Exarge AS Sign Joint Development Agreement for Mobile Energy Storage - April 2nd 2019
https://backend.otcmarkets.com/otcapi/company/dns/news/document/35639/content
Exro Completes $2,045,125 Private Placement - March 25th
EXROF Has been Frugal with Finances ... What a Small placement ... https://backend.otcmarkets.com/otcapi/company/dns/news/document/35538/content
Another link on the Placement ... https://backend.otcmarkets.com/otcapi/company/dns/news/document/35504/content
Here is a Neat link on the Technology ... Feb 14th 2019
Exro Develops and Validates First Electric Gearbox - https://www.ldmicro.com/profile/xro.cn/news/6228812750551604
Here is an Update from Dec 3rd 2018
https://www.ldmicro.com/profile/xro.cn/news/7674813172661860
Here is the update from August 29th 2018
https://www.ldmicro.com/profile/xro.cn/news/7536277591923151
Here is a Summary of Announcements to Date ... This is a Great Resource.
https://m.canadianinsider.com/company-news?ticker=XRO
Best of Luck to All - Shermann
Here is some neat DD on VATE - It is a CBD company that is just turning the corner ...
I agree with you that VATE is the best positioned CBD Beverage stock and is setting up very well here
“the first publicly traded, national brand to launch both CBD-infused iced tea and CBD-infused iced coffee in the ready-to-drink beverages market.”
VATE has moved from a low of .027 to a high of .058 over the past few weeks
But the day VATE hit .058 it only traded there for a few minutes and then went right back down into the .04s
VATE has spent 90% of the time during the past 2 weeks trading between .04-.05
Over the past few days the volume has decreased and VATE is moving sideways — this is textbook consolidation
Here are the lows of the past 5 trading days — .0425, .043, .043, .0415, .0415
Here are the highs of the past 4 trading days — .046, .049, .0475, .0475, .046
This is the expected consolidation phase after the very high volume runup
Many were calling for a cup and handle even before VATE broke .05 in May for the first time in 6 months, so there is nothing unusual or surprising about VATE’s price movement over the past week or so
RSI had been in the green zone for quite awhile, and along with a few other technical indicators, it has now been reset
More importantly than everything else is that VATE has transformed from a boring Hemp Coffee stock into an exciting RTD CBD Coffee and CBD Tea stock
How VATE traded as a Hemp Coffee stock with convertible debt and minimal revenue growth is not entirely irrelevant to the discussion, but it is largely so
There is no valid comparison between VATE as a CBD Beverage stock with no convertible debt and expecting 100% revenue growth in Q2 to VATE as a Hemp Coffee stock with convertible debt and flat growth
The launch of the CBD Beverages changed everything — that’s what the market’s response in May to the launch of CBD Coffee has already communicated to us
I’m looking for VATE to put in a bottom shortly, after which it will begin the next leg upwards towards the .07-.08 range
I’m in no hurry though
There’s no better identity in the cannabis sector right now than VATE’s as a RTD CBD Coffee and CBD Tea stock
And the CBD Iced Tea literally just launched this week
Kelly Distribution is only 1 distributor who got a head start on the field
The other 3 distributors have either just received their pallets of CBD Coffee and CBD Tea (Synergy) or will be receiving them within the next few days (Tappy and Outwest505)
So distribution has barely even started
VATE’s cans and bottles were only in Illinois in May, but in June they will also be in Wisconsin and New Mexico, too
I’m sure additional distributors in other states will be announced regularly this month as well
So I feel really good about VATE’s future and am thrilled that both CBD Beverages appears to be big hits with consumers
This is only the very beginning
There is tons of growth ahead
More distributors, more states, more flavors
Revenue has nowhere to go but vertical from here
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149255557
SOME BASIC DD FOR $ALPP
OTCM. QB company: https://www.otcmarkets.com/stock/ALPP/overview
WEBSITE: https://www.alpine4.com/
THEY ARE CONSISTENTLY GROWING:
May 24th 8K and PR showing massive growth:
https://www.otcmarkets.com/filing/html?id=13453261&guid=BPYyUnvOEI1vo3h
February PR showing new revenue:
https://www.otcmarkets.com/stock/ALPP/news/Alpine-4-Technologies-Ltd-ALPP-subsidiary-Morris-Sheet-Metal-Corp-of-Fort-Wayne-Indiana-announces-several-new-projects-t?id=218770
Uptick video about ALPP:
Great to see you here ... Feel free to make a detailed post on your company of choice ... I will be coming out with another tomorrow or Monday.
Best of Luck - Shermann
Exrof float 48,404,684.
Exro Technologies Inc. focuses on developing and commercializing Dynamic Power Management (DPM) technology and system architecture for rotating electrical machines worldwide. Its DPM technology, a control system that integrates wiring of the rotating machine coils into the power electronics. The company serves car/truck, bus, generator, And much more. Exro Technologies Inc. is headquartered in Vancouver, Canada. Collaboration with Potencia.
Signed joint development agreement with Exlarge.
Moving towards production!
Exro technology inc. very nice website. Check it out.
AmeraMex International Receives Orders Totaling $527,000
http://www.ammx.net/ViewEmail.asp?b=1512&id=180553&p=2165771&I=1238261-W3l6f3P3H8
CHICO, Calif., May 20, 2019 (GLOBE NEWSWIRE) -- AmeraMex International, Inc. (OTC: AMMX), a provider of heavy equipment for logistics companies, infrastructure construction, forestryconservation and tactical military vehicles, announced that it received orders totaling $527,000.
The first order is for a new Taylor forklift capable of lifting 65,000 pounds. The forklift is expected to ship in approximately 12 months to a California customer. The second order is for a used Taylor forklift shipping before the end of this week.
CEO Lee Hamre commented, "To date we have booked $3.9 million in sales. Our ASV salesperson has already booked approximately $1 million of his $2 million quota for 2019 and has over twenty proposals for ASVs in the pipeline. On another note, added Hamre, "The SEC accepted our Form 10 last week and we expect comments back in 30-45 days. We look forward to a terrific 2019."
About AmeraMex International
AmeraMex International sells, leases and rents heavy equipment to companies within multiple industries including construction, logistics, mining, and lumber. The company also represents an inclusive product line of advanced performance tactical military vehicles from Oshkosh Defense, LLC. AmeraMex, with a US and international customer base, has over 30 years of experience in heavy equipment sales and service. Follow AmeraMex on Twitter @ammx_intl and visit the AmeraMex website, www.AMMX.net or www.hamreequipment.com for additional information and equipment videos.
Except for the historical information contained herein, statements discussing sales or revenue projections are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements involve risks and uncertainties that could cause actual results to differ materially from any forward-looking statements made herein.
Investor and Media Relations
McCloud Communications, LLC
Marty Tullio, Managing Member
Office: 949.632.1900 or Marty@McCloudCommunications.com
Welcome to the board!!! We are just getting things going here ...
GLTY - Shermann
Added this to my list!
Looks good man! AMMX float is only 258m with management owning majority of the rest. I think some are sleeping in infrastructure being the next big money maker. It's like cbd and mj before they caught investors' eyes. $2 trillion coming. $2b cleanup right beside Ameramex. Right place, right time!
Plowmaster’s Penny Thoughts Compiled
This lengthy post is simply a collection of many posts I have made over the past couple of years. They were created from a basis of education and experience, a cumulation of many years in the thick of things. They are more or less tied together, polished up and added some new thought. If you decide to brave it, and get to the end prior to falling asleep or getting redirected to an enticing cat video, I hope it provides some reasonable insight or general value to you.
A little bit on me: I’m going on 27 years in Silicon Valley start-ups. I have advanced education in Business and Science. I’ve been chiefly in medical device, clinical diagnostics, and NGS. (Next Generation Sequencing) I’m on the operations side of things: I’m the guy who helps you with a design transfer process: I.e. scale your process from development or pilot to full production, install larger operations management systems, pass regulatory requirements like ISO / FDA / CLIA, organization design, process improvement / CI, and lead the company to a higher level of operational maturity and leadership.
I can also easily say when building a company from scratch: Nothing, nothing, nothing ever goes as fast as anyone wants. EVER. Why? Because, real business, takes real time and real shit happens in real life. I say that a lot as well. Why? Because it is true, flat out true.
I do believe my years of experience in start-ups, and education have helped give me decent insight to what it really takes to build a public company. What the markers of success really are, and expected timelines. Since I also deal with a lot of regulated entities, I know how painstakingly slow they can be, and how they simply are not budged by external factors. They generally get it done, but at their pace given the resources they have to apply to the situation.
But just like everyone else, I rely on publicly available company news, company financial for what we have, my own due diligence, and anecdotal evidence (Like instagram photos, online reviews, 3rd party articles) to create a supportive narrative for any company.
I have many years in the otc market, and have a solid understanding of how the pink, QB, QX marketplaces operate. While I am comfortable with TA, I am NOT a super TA person. I VALUE TA, I take it as analytical input for creating the narrative around a company.
There is a tendency to make pink marketplace stocks viewed as 'All or Nothing' it is either a 100% scam going to zero, or its 'Going to the moon'. When the reality is; every company is simply a risk profile.
Key Point: Every company is a story. Every company is a Risk Profile
You will NEVER have all the information you want on any given company. You will have both qualitative (descriptive/narrative) and quantitative (analytical / numerical) data.
The data combine will create the STORY (Quantitative) and ultimately create a RISK PROFILE (Quantitative)
All Pennies are inherently HIGH risk HIGH reward stocks. What we are trying to do here, is look deep enough at a company to make our own risk profile assessment. This process of discovery is where knowing how to valuate companies without tons of infrastructure, without tons of information, even questionable information. We are attempting to discover companies that are highly performing yet circumstantially undervalued. Companies with high class (ROI creating) challenges not low class (core business issues just to keep lights on) issues. But the money you are investing here SHOULD NOT be anything you need, short term, for life essentials, for retirement plan A, and beyond a buffer savings so you don’t find yourself having to sell something just because x happened and you need $5k TODAY.
Despite what the pink marketplace is supposed to represent: A type of exchange which provides small/micro/ground floor businesses an opportunity / avenue for funding and operating as a public company. The reality is the Pink marketplace is extremely controlled and manipulated, plus very emotionally traded and the SEC does little to enforce what are supposed to be the rules. (Its like looking back in history on what ideas / values the political parties were founded on, and how they operate today.) So, if market makers are being fined $10000 for every $1000000 they can make, not much impetus to slow down and the SEC gets a revenue stream where they are under resourced. Not much impetus to change how things work.
The majority of pink investors / traders LOSE money. It is already hard enough, but recognize how much people make the odds worse for themselves. MORE importantly their trading patterns or moves CAN impact your stock GREATLY in the short term. Then you WILL also hear about it on the boards in negative forms. Invest in the COMPANY, PLAY the daily action.
For the concept of hindsight, sure it would go without saying 'if I only knew', that is a platitude that can be applied across the board in all markets, in all of life... There will always be stories of 'well If I only sold X and bought Y I would be a gazillionaire, and since Z didn't happen on MY timeline, its someone else's fault' There will also always be stories from others ‘I’m glad I sold X to buy Y, I made 500% in a day! X is dead!’ Internalizing oo much of this, can impact your investing behavior. Just remember the reality behind those stories is way different that the stated one.
Way, way, way more often than not, attempting to time the market is incredibly less lucrative than finding a solid company to invest in the long. Plus, way more often people sell X to buy Y and lose money in Y, then lose it in Z then lose it in Q. Where if they simply stayed long in X, they would have a great return.
marketplace traders / investor behaviors that lower the odds of success:
- Investing on a specific time table. The shorter the worse. The OTC is NOT on your timeable. You GREATLY stack the odds against you doing this. The ‘I’m going to invest in X, but I HAVE to have this money back by Y’ just really bad idea
- Chasing something shiny. We’ve all done it, BUT when you sell a position in something else to chase, that really should be avoided UNLESS you had independently had assessed the sold stock as needing to go. What MORE often happens, is this thought process:
- ‘Hmm, stock X hasn’t moved for month. I still want it, but I hate hate hate money sitting still!’
- ‘Oh damn!!!! Look at stock Y…Oh Damn it’s crazy man, I want IN! I crave the action!’
- ‘Dammit I don’t have any money.’
- ‘Screw it, I’m dumping X to buy Y, after I triple Y, I’ll sell it buy back double X and have more money to PLAY ACTION!’
- ‘I’m a freaking genius investor’
- ‘Oh SHIT, NOOOOOOOOOOOOOO Y CRASHED, WHY AM I CURSED????’
- ‘Wait… What? X FINALLY TOOK OFF??? NOOOOOOOOOOOO!!!!!’
- This scenario, is a LOT more common than you might think.
- Buying in to FUD We have ALL been spooked and done something we wished we hadn’t. LEARN from it. Look at the forest: stick to your plan, your due diligence, your story, your risk profile. Be prepared to swallow a pit, your pride and your friends for months over even a year+. As LONG as the due diligence still paints the long path, stay the course.
- Not selling something Poor selling behavior leads to less profits and higher losses. I’m not going to go in to anything deep here, but give yourself a real self-assessment and grade on your ability to sell. Plenty of articles and videos to help you, do the research if you don’t like the grade you give yourself. I will say one thing I’ve come to notice: Many investors are very ‘all or nothing’ oriented. They are either in a stock or they are not. For investors who can shed, always take some profits and ideally enough to cover initial and extra and the rest free or can accumulate more on dips. If you are an ‘all or nothing’ investor, sell when you think is right for you, ideally in the green and know making money is making money. Do your best to not watch after, IF it drives you crazy. If you can watch for information to further improve your future assessment skills, by all means watch. But if, you see it make you crazy and if impacts future sells in a chaotic manner, that is not good. Avoid watching after selling and know making money is good, or minimizing losses is also good.
The only defense really (for INVESTING, plenty of short term trades can be done on momo stocks, we've all traded in companies we know are 100% scams but simply don't care, we are all just playing a calculated game of chicken.) is to be long and buy with current information we have, and believe in our due diligence.
If you are truly investing, you are investing for the long and the risk profile tells you the risk is worth it. If the markers you see for the company growth continue to be positive, then the short term doesn’t matter. (and truly short term is 2-3 YEARS, which is an INSANE thought to most pink marketplace trader, but again if investing, you are investing in a COMPANY, not trading a PPS MOVEMENT)
There are millions of examples of this in stocks, real estate etc. Netflix went from 20 to 300 to 65 before splitting 7:1 and back to 300. If one bought at that first 300, how, down 80% to 65 in the short term but up 700% in the longer term. Invest in the COMPANY.
THE IMPORTANCE OF THE CEO
While we are investing in a COMPANY, remember at this stage the CEO is MUCH more critical than big board stock CEOs for companies where they are greatly removed from the day to day. i.e. you can count on forecasts for the year, etc.
Remember: YOUR CEO WILL NOT BE PERFECT. Your CEO is also faced with much different challenges than CEOs of larger, established companies. You mostly likely won’t have a 30 year veteran of multinational conglomerates. You need to listen to them and watch their behavior closely. Do things line up enough for you? Remember what I said about ‘Nothing, nothing, nothing ever goes as fast as anyone wants. EVER.’ Don’t line up the project timelines and exact revenues, some level of dilution, and all the things the company wants to accomplish and talks about. Every small company CEO has ambition in general. They want to get the company off the ground. Not all things will pan out, strategy will change to fit a changing landscape. Doesn’t mean lies necessarily, doesn’t mean bad at all necessarily. Just means new information made for a change in plan. What you NEED to look for are TRENDS through both company releases and all other sources of input.
Important note: It is OFTEN the case the CEO that gets a company from the ground to point A, is NOT the CEO that takes you to the next higher level. There are CEOs and skill sets, experience and aptitudes for every stage in a company from tiny to multinational conglomerate. So if you find your company is progressing well, but your CEO gets a ton of criticism for whatever reason: too green, over head, needs to go, etc etc. IF the CEO is GROWING the company (The Forest) to the NEXT LEVEL, then that will be a HIGH CLASS problem to have in the future. The money gets exponentially bigger and those things tend to sort themselves out. You are not getting Bezos for pennies. But you can get one that creates value over time, so the possibility that you could have a Bezos in 20 years exists.
Your company may not have a CEO with years and years of CEO experience yet, or experience with a multitude of business situations. However, is he or she being a true CEO?
There is an ugly truth for many OTC stocks: Where just some shitty business person creates a public company with some whim but has ZERO experience in actually running a business. They do not necessarily ‘get’ what being a CEO means. Then, they find out its hard work and then the toxic spiral begins as they look for fast ways out, or don't give a shit how bad the company's position becomes as long as their lunches are paid for. Your CEO should not show that behavior; that is not someone you can trust.
It is not to say the company won’t face challenges and even core issues, or have to make hard decisions. But how did the CEO react to the problem, what actions does he or she takes and how is it communicated?
You are looking for the CEO do BUILD a COMPANY overtime, regardless of any short term issues. Does the CEO have a healthy forest overall?
Does the CEO:
Build the core company? Is infrastructure being built to handle larger scale business?
Run a fiscally responsible ship? Has the CEO’s actions hurt long term shareholder value? Too much dilution? Toxic financing? Crazy amounts of debt / convertible notes? Lots of insider issuing of shares? Is the CEO setting the stage for long term value and growth, while keeping the company together so it is not ruined before it even gets out of the gate?
Increase revenues overtime? Assuming there are revenues? Regardless of pps and other issues / challenges, and the fundamental ratios improving overtime?
Communicate? Does the CEO provide a reasonable amount of information, for both current and long picture? Does the CEO speak to the long investor, and do you have current information that lines up with previous communications from the CEO? Does the CEO create a vision and marches the company towards it?
Now, the question to ask yourself is.
DO I trust this CEO?
If you do not, DO NOT invest. Period. Maybe trade if you believe in the momo, or a very small position that reflects the distrust. If you gain trust over time, you can buy in later.
It you cannot trust the CEO of the company you are invested in, the emotions may overpower discipline and reason. You are simply now moving towards investing against yourself.
If you DO trust the CEO that is surrounded by the positive evidence outlined above, that in itself is a rare find in the OTC, and severely under-appreciated.
Take Note: Your company is GROWTH COMPANY
What does that mean for investors? It means you don't valuate is quite the same as a big board fundamental company. Though much is the same, the importance is ROI they are getting for aggressive growth as measured by revenues, and what type and how much financing they are using to growth.
What does the forest look like?
There will be dead trees in your company. There will be a sick patch here and there in your company. There will a lot of statements made around those issues and they may or may not be accurate. However, the important thing is to always look at the forest. What is the full company’s narrative?
What does the qualitative data tell you over time?
How are the metrics for:
Decent AS / OS
Low to No dilution
% over time Growth
Future growth potential
Currently undervalued pps
Future market potential
Sexy industry
Products and services
Brand potential
CEO that gives a shit about shareholders
CEO that gives a shit about the company and community
Potential to move up in marketplaces with ideally a long term NASDAQ potential
What does the quantitative data tell you over time?
What kind of numbers can you see?
REVENUES (High quality recurring?)
FUNDAMENTAL RATIOS
GROWTH
UPWARD TRENDS ORDERS / ACCOUNTS / LOT SIZES
AS / OS
DEBT QUALITY (TOXIC / TRADITIONAL / MARKET RATE)
DEBT RATIOS
INVENTORY TURNOVER
INDUSTRY TRENDS
SUPPLY CHAIN
There WILL complaints, screw-ups, miscommunications, some failures, along the path. Accept it! However, if they are temporary process focused, not long term core business focused then your forest is healthy.
Reviewing a growth company
When reviewing companies in this space, it is important to look holistically at the business: The market/industry(s) it is involved with/in. When reviewing a growth company, one needs to look at how the business continues to further itself and look at the challenges the company faces.
Real business is no joke, and not a single successful one gets it all handed to them. An important part of evaluating a business is to look at what kinds of challenges exist between the company and success.
WHAT KIND of Challenges does your company have?
DO NOT underestimate this, and how important this concept is. EVERY single COMPANY since the dawn of time has had issues and challenges. But what kind are they? High Class or Low Class? Does the effort and resources spent on the issue generate an ROI in the long run, or are they core issues that put pressure on the company to finance further under undesirable conditions? i.e. treading water.
Low class core issues for business:
Core function problems indicate the company is DYING: Activities towards staying alive but not as ROI focused) such as:
- Poor Business Model, the math doesn’t work for the space they are in
- Lack of Revenue
- Lack of market potential
- Lack of accounts
- Lack of quality people wanting to work for you
- Toxic Financing
- Poor share structure and continued mass dilution
- Lack of interest for a MJ growing solution
- Poor quality products
High class growth challenges for business:
EVERY company will have issues: while problems always need attention, the high value issues indicate the company is GROWING. i.e. The effort spent on the issues directly leads to a better ROI, and further scaling of the company.
- Build scaled corporate accounting dept. and fiscal oversight
- More JV / External fiscal investor interest than can process
- Need to work with 3rd party facilities construction, and dependence on news release timing
- Have deals but cannot construct other 3rd party facilities faster
- Limited resources to make choices to focus on
- Finding new locations facilities or production lines
- Need more warehousing for increased distribution / logisics
- Need more employees to handle scaled functions
- Integrate acquisitions faster, especially foreign ones
- Smooth out tech transfer for new product production processes
- Engage reputable professional investor relations firm
- Increase marketing for continued brand exposure
- Negotiate larger deals with larger clients
-Upscale accounting department and Corp Oversight
- Project Management on new products
- Engage institutional investors and larger financiers
- Accomplish Spinoff and other legal entity company structure dealings
- Navigating moving in to international space
So many pinks never even get CLOSE to having these kinds of 'problems'. THESE 'issues' are what comprises a GROWTH company.
A big factor in your company’s scoreboard is the revenues, which ideally keep growing. It is a fact most pinks can't even get to dollar ONE, let alone MILLIONS. If you are going for a company pre-revenues, be sure to keep an eye on progress towards them, and how it is impacting shareholder value over time.
If your company’s issues all fall in the high-class problem bucket, you need to recognize so much RIGHT had to have happened in the first place, to be in such a state to have such ‘problems.’
The majority of OTC stocks would be lucky to have such issues.
ON STAFFING
Start ups need to walk a fine line of scaling staff correctly or risk getting in to a terrible downward financial spiral. Many folks have to wear multiple hats (like common for a executive assistant to also be HR for hiring, or production person also does supply chain, Controller / Accounting to also handle employee benefits) on and on.
As the company grows the roles for each task get so big it requires a whole new resource.
Resources are expensive, recruiting, hiring, training, RETAINING.
Hire too soon, run out of money, don't have the business to support them
Hire too late, bigger messes to clean up, spend time on backwards facing vs forwards facing etc
Its a really tricky balance and why a lot of companies fail.
As time goes on, your company should hire positions like:
- VP Human Resources
- Director of Supply Chain / Logistics
- CFO / more finance positions
- Global Facilities Management
- Quality Assurance / Customer Service
- Marketing / IR
- Mergers and Acquisitions
- General Counsel
- more work level members for each team
It is always a balancing act to ensure each position is set for a solid ROI and controlled. As the company scales and positions open, the CEO becomes more of a direction setter and less direct impact, as the tactical execution of the strategic direction rests of the shoulders of the TEAM.
Be wary of a company that hires too many top dogs too soon. Hiring the head of a department, just means that department is being built from scratch. It has a LONG way to go. Also be wary of a company with no actual staff, just contractors and / or consultants. Especially if promising production and future revenues but no clear path to get to them.
Invest with confidence: In the end, money and investing is very personal. We all have different ideas on how to go about making money. Far be it from me to criticize success. However, there is more to life than just money, so making it at the expense of others is not success in my book.
Remember the risk profile YOU created after doing your DD
As mentioned money is personal, so is risk tolerance. There is no point in creating some likert scale or graph of risk profiles together for penny stocks. They are all High risk. So you better know what that means. Only the individual can decide what risk level with the high risk area they can healthily invest in, and maintain the appropriate mindset around it. The idea here of course, that our DD tells us that a certain company is not as risky as others and the chances of success are much greater.
If you can put your company through the paces I've reviewed here, and still feel positive on it. You just might have the next MONSTER beverage on your hands. Invest with confidence, and sleep well at night regardless of how the day treated you. If you find yourself wondering about your future and how this investment is impacting the quality of your life in any significant way, might be time to reassess, divest or ideally keep you from getting in in the first place.
Remember: INVEST to where a company is going, TRADE daily action.
I hope you found value in reading my post.
Best of luck out there!
-PM
AmeraMex International sells, leases and rents heavy equipment to companies within multiple industries including construction, logistics, mining, and lumber. The company also represents an inclusive product line of advanced performance tactical military vehicles from Oshkosh Defense, LLC. AmeraMex, with a US and international customer base, has over 30 years of experience in heavy equipment sales and service. Follow AmeraMex on Twitter @ammx_intl and visit the AmeraMex website, www.AMMX.net or www.hamreequipment.com for additional information and equipment videos.
https://www.marketwatch.com/press-release/ameramex-international-reports-a-16-percent-increase-in-revenue-and-a-24-percent-in-gross-profit-for-the-year-ended-december-31-2018-2019-03-18-81845956?mod=mw_quote_news
Shermann
The idea is to go to the actual stock board for learning about the company ....
https://investorshub.advfn.com/AmeraMex-International-Inc-AMMX-6549/
Shermann
OK, its Eco-interrogation time. What do they do or make?
Very nice DD on AMMX
Very good ! It will be nice to get honest insights and info. Without the noise!
Great idea guys. I've had AMMX on a watch list for a while. Nice write up on it.
Love the concept of this board!! Let's find some good ones!!
Nice post on AMMX
AMMX - AmeraMex International Inc. - O/S is 753 Million - Latest close on 5/17/2019 - .02 - Market Cap - 15 Million
There has been no dilution/Shares sold this year, and Revenues for FY2019 will be above the Market Cap. AMMX has basically been in a Pennant Formation since last August, which is a long time for OTC Stocks - It has just recently moved up out of that pattern.
AMMX just filed a Form 10 with the SEC to bring the financials current, and should be going to the OTCQB in the near future. Here is a Link to the Form 10 - http://archive.fast-edgar.com//20190510/AOZ2N22CZ22Z5252222D22Z2QTPSNZ2R22B2/
AmeraMex International Reports Revenue of $2.6 Million For the First Quarter Ended March 31, 2019
AmeraMex announces that it has submitted its Registration Statement and Form 10 to the SEC - https://www.otcmarkets.com/stock/AMMX/news/story?e&id=1355887
Highlights for the First Quarter of 2019*
- Revenue was approximately $2.6 million, a 44 percent increase when compared to revenue of $1.8 million for the 2018 period.
Gross profit was approximately $967,385 compared to gross profit of $414,975 for the period ended March 31, 2018. This is an increase of 133 percent.
Net income of $692,774 was a significant increase when compared to net income of $43,088 for the first quarter ended March 31, 2018.
The audits for 2018 and 2017 are complete.
The Company secured a $6.6 million line-of-credit.
AmeraMex International Reports a 16 Percent Increase in Revenue and a 24 Percent in Gross Profit for the Year Ended December 31, 2018 - https://www.marketwatch.com/press-release/ameramex-international-reports-a-16-percent-increase-in-revenue-and-a-24-percent-in-gross-profit-for-the-year-ended-december-31-2018-2019-03-18-81845956?mod=mw_quote_news
Revenue up from 8,709,534 to 10,062,500
Gross Profit up from 4,147,120 to 5,131,464
Net Income up from 842,189.00 to 1,409,292.00
Notes on the conference call ...
There are no plans for a Reverse Split ...
The Auditited financials will be sent to the lawyers no later than April first which is a couple of weeks from now. They should be released not too much later. A big delay was traveling to verify all the Rental Equipment Serial Numbers.
Once the financials are bought up to date, AMMX will be uplisting to OTCQB.
A 6 Million low interest credit line has been approved for equipment. The Rental Inventory has increased from 2 to 10 Million in inventory over the last year.
First Quarter sales will be in excess of 4 Million dollars, which would equate to over 16 Million Annually vs. 10 Million for the year ended Dec 31, 2018.
There is an Acquisition/Merger Strategy being planned which would be a ways down the road.
Good Luck to All!!!
Shermann
Agreed! Cheers!
Howdy Juancy - Great to see you here ...
Shermann
Hey Shermann. Hope you are doing fine, my friend.
Welcome to the board as an assistant moderator Plow - You have impeccable DD, and will be a valueable member!!!
Shermann
Great concept for a board. I think really honing in on the rare pink worthy of being a true long in is a great idea.
Cheers,
Plowmaster
This is a board designed for people whom invest in low priced penny stocks that are just turning the corner, and can offer huge gains.
Shermann
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