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Show where in any PR it says that Fred ever BOUGHT on the market the shares he claims to hold.
It's there, I've read it myself. Now, if you were half the DD king you pretend to be, you would never have written that post. Go do your own DD, it's there.
Are you saying this is a negative event? Why would you attempt to spin such a positive PR anything other than what is really is? What is your beef with this company, I fail to understand your thought process. The company said it ELIMINATED $125K worth of debt from the balance sheet. Sounds like management did a good thing to me. Notice the PR didn't say anything about paying down any debt, they eliminated it. Also, recent news stated; Amelot Holdings, Inc. (PINKSHEETS: AMHD) announced today that Amelot Oil and Barbados National Oil Company Ltd.(BNOCL) have signed a non-binding memorandum of understanding (MoU), with the intent to form a joint venture (JV) in Barbados for the ownership and operation of a biodiesel production facility for the supply of biodiesel fuel. The JV would enable Amelot and BNOCL to establish a scalable and sustainable biofuels business.
The Barbados National Oil Company is a national state-owned energy provider in the country of Barbados. Founded several decades ago, the company satisfies about 30% of the country's total consumption of oil and gas.
As far as I'm concerned, there has been nothing but good news here lately. Now, take a look at this part of that PR; The MoU envisages that under the second phase Amelot and BNOCL will jointly operate a biodiesel production facility that will utilize containerized modular equipment and proprietary feedstock technology. The modular design and sustainability of the process is expected to produce biodiesel in such quantities as required to support BNOCL's long term goal of replacing conventional diesel with 100% biodiesel.
I don't know how you guys decipher that info, but I see it as a possible buy out or at least a buy in.
How about this PR; In a news release dated January 19, 2010, Amelot Holdings, Inc. (PINKSHEETS: AMHD) announced that its wholly owned subsidiary, Amelot Oil Inc., was forming a new subsidiary for the production and marketing of biodiesel in Trinidad and Tobago. The name Amelot Oil Trinidad and Tobago Limited was subsequently reserved. We are pleased to announce that the formation of its subsidiary in Trinidad is now being finalized.
Since then, we have been in talks with potential partners in Trinidad and Tobago, and expect to have agreements signed within the next few weeks.
Demand has been exceeding supply at our Barbados biodiesel production facility, which can be attributed to the extensive marketing campaign that was begun in December of 2009. We are now looking at cost effective ways in increasing production capability at our current facility.
Seems like we are on track here to profit nicely. There's no other contrary evidence pointing else-where. Time will equal profit.
You simply believe PR's put out by Ready Freddie and Lying Aziz.
lololol
Them, way before you.
Has anyone asked themselves where AMHD is procuring the funds to pay Freddy, Aziz, and the attorney thier salaries, when the company, by it's own admission, has not made a profit in over six years?
You need to go back and read the PR's before the last one. It states the company made a small profit in Jan. and broke even the rest of the time. I would assume that was after all were paid.
You should really stop trying to spread false rumors.
Fitzsimmons already declared bankruptcy and Amelot will get NO money by continuing the lawsuit.
Red Herring, LOL. Todd would be guilty of deception, not AMHD. They were the ones that were duped.
Perhaps they (AMHD) is going after more than just money? What if they try to prove fraud or criminal intent? They might want to prosecute Fitzsimmons for crippling the company's ability to secure future revenue and profits. If they can prove fraud and criminal intent someone's going to jail, plain and simple. Here is a brief description of criminal intent: Criminal intent must be formed before the act, and it must unite with the act. It need not exist for any given length of time before the act; the intent and the act can be as instantaneous as simultaneous or successive thoughts.
Also an organized effort to spread rumors and falseities about the company. Since Fred has taken over, he has been steering this company in a different direction. All one has to do is talk to him and he will explain his plan. Don't belive those who have an ajenda and have launched a personal attack against this company.
Cowboy, you from Texas like me?
Wrong, I spoke to him a few days ago. He is building AMHD into a future power house. Fred will retire from AMHD.
To those that want out, I can understand that. Saying that, I have spoken to Fred on several occasions and I think he will turn AMHD around in time. Why would he buy 750 million shares on the open market with out a solid plan? If you read the last PR closely, you will see the potential here. They are building a new facility and buying new equipment and will have a contract to furnish Barbados Oil with most of their bio diesel. Also, they are building a new gas station in conjunction with their other plans. According to Fred, things just seem to move at a very slow pace over there as compared to the way things flow state side. I think patience here will pay off and eventually we will start getting news as things develop.
The company is highly undervalued, book around $5. If you watch the video, you'll notice the guy stated the stock must hold support at $1.16. Today's low was $1.165 with heavy accumulation. This one is ripe and ready.
The fall was caused by financial restructuring uncertainty which has since been settled. Just a matter of time before it moves back up, the crappy market is holding everything down right now.
By the way, the K at the end of the ticker is normal and distinguishes it as the holding company for several divisions. If you drop the K you will pull up a different company owned by them.
Take a look at this video chart/pincher.
http://www.qualitystocks.net/videocharts.php
I bought at .13 Friday. I wish I would have gotten some of those 10's, but didn't read about this company till late Friday. Numbers here are awesome to say the least. From what I can find out, this company is for real. I have 45K shares and intend to add on Monday, hope we get a small dip.
I owned way more of this stock than I care to admit. I sold quite a while ago because of Livings posts. I want to thank him for saving me a lot of green. I think his posts usually make a lot of sense and I never saw any malice in them, usually just facts. I wish him and all of you on this board much future luck. I'd like to see every one get-a-long, share info and make a lot of green. I will be watching this stock for news and will jump back in when or if that happens.
I am saying that everything about AMHD has been a scam for 10 years running and that nothing has changed.
If anyone says differently, they are spreading falsehoods. This is a well known fact to all people with IQs over 70.
All I see are opinions, no facts. I don't see anyone jailed for running a scam. If you don't think they arrest people for pinky scams, look at SPNG.
All I ask for as a share holder is fact. The company has shown me fact with recent PR's. Fred is now running the show, not Aziz. IMO, you and several others are spreading falsehoods by talking and not proving anything you say.
I think I'll believe the company over you and others on this board that are trying to undermine the efforts of a sincere CEO in Fred. Like it or not, this company is about to become a big success. Watch the news and future share price for proof!!
Show me proof of what you claim. You will see soon enough as Fred unveils his plan to build Amelot into a biodiesel power. If you think he is lying, show proof of why. Living said he confirmed the partnership with BNOC via phone conversation. Are you saying they are liars?
I don't think there's any doubt Fred is an honest business man with a goal to grow Amelot into a great company that we share holders can profit nicely from. I have stopped listening to the broken-record posters on this board that seem to say the same thing over and over again with no proof to back their claims of fluff.
You have a great holiday also. That beer sounds great, think I'll have one and toast those that gave me the opportunity to buy at 3.
I have had many conversations with Fred. I believe him totally when he says things like; I can't give out non public details but I can say there is a plan in place to expand and grow this company into a major biodiesel producer and I will issue news as things unfold.
With recent news, I see the plan seems to be unfolding nicely. This unbelievable low share price is a gift. I was lucky enough to get a bunch of three's recently and will hold for .004.
I sold a while back cause I needed the liquidity. After Friday's PR, I think Fred has a plan and it's starting to unfold. Before I sold, I had several conversations with Fred and the transfer agent. Fred seemed like an honest man trying to undo past mistakes by former management. I believed him when he told me this company will thrive again and he was staking his own money on it. I'm going to shake some money loose and buy some shares in the near future.
If Fred bought 700 million at an average of .0005, that equates to 350 grand of his own money. (guesstimates only) To date, I have never heard of any CEO losing his money on his company's stock. I have a feeling this stock goes much higher.
I'm not sure I understand how this will all work out when the assay results come out. Maybe someone knowledgeable can answer a couple of questions.
One, where are the employees coming from to work the mine? Where will the equipment come from? Where will enough money come from to do any business? Will they R/S and then dilute like crazy? It doesn't look like they are very share holder friendly with all the dumping that happened into the last news release. It was dilution, no one in their right mind would sell into that news, except the company themselves. I just don't understand how this can be a viable company with no money and no employees. They had to finance the 12 million they invested in African mines. This whole deal seems to be on shaky ground, or is there some thing I'm missing?
Massive dilution, the only possible explanation. Pink companies deny, but dilute just the same. The stock is a tenth of a penny a share for a reason.
For those that haven't yet seen this.
http://www.stockroach.com/idcn-fires-up-its-engines-again/
Good post RR. I happen to agree with both you and Living. I am down $16.5K on this great pump and I am most certainly concerned. I have seen great potential like this tank many times. Stocks just don't keep going down almost daily for no reason. The company absolutely owes shareholders an update of some sort to stop the current rotting away of shareholder equity. Anyone who thinks this lack of news os ok must have blinders on.
Mickey, XXBigshot, if you are here today, what is your opinion of Living's statement that this chart has become unreadable. I like your chart reading and I value your opinion.
TIA
Nice post Living. You are always a very interesting read. I agree with almost all your points, that includes yesterday's posts also. But, I'm not so sure you are right about this chart being unreadable. I also am a good chart reader although not quite as advanced as you. I think all charts are readable, just have to be familiar with that situation.
How about we get another very good chart readers opinion. I like watching xxbigshot's (Mickey I think) video's on different charts. Lets see what he has to say. This post is meant no offense to you Living, just disagreeing is all.
Company needs to be more vocal when the goings are good.
What I hate is the fact they have thrown us to the Wolves. Sounds like they are sitting on news they could release. Waiting for a stock run to release it is just pure ignorance.
I can truthfully say I am completely aware the stock seems to do nothing but go down daily. When that happens there is usually something very wrong. It has now broken the coveted 50 day we all thought was golden. That gold has turned to coal, hope the rest hasn't!
I'm with you Living. I also am losing a great deal here and fear fraud. If you email SEC please send me a link and I will do the same thing. I've about had it with them saying they will issue news on the next big run. I have read that a couple times here and have gotten PM's on that same subject. Time for management to release news or face very angry share holders.
I am a newer investor and I am under water 50K in two years. Lost a lot last year during the flop. I made a bunch on SPNG following Livinginstyle's chart reading. I then lost a bunch on my own again. I am slowly learning. I almost sold recently but didn't because of Living's post about the drop on low volume and how volume rules. Also, Posters like MOMO, Pimping, retroman and Quinnradio helped sooth my nerves. I have 11.5 million at an average of .00272 with commissions. Looking forward to much higher prices going forward. The chart even looks great to me and with pending news, we have a real winner here. Looking to recoup all my market loses right here.
Thanks my friend.
Can you post an L2 shot.
You and many others are reading and interpreting that list completely wrong. Those are not short sells per say. That list is total sells. Some could be short sells, most are just regular sells. When a stock is sold it goes on that list until the trade clears usually three days later. Once the trade clears, it comes off that list.
I consider Stock Charter an insider. Would he own millions of shares if this were a scam? Anyway, scams trade up fast and then collapse, where this stock is building a base at new higher levels. You are a fool.
PS, I always get the lookers with the big hooters..
:o)
LOL, we could go to bars together!
I've heard that one before. That's like the guy screwing the bitch and swearing he loves her, until he pops....GONE!
They'll be on the market at .45, break even and gone.
Give me the .45 cents I paid for this crap and you can have them instantly.