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Question my motives all you want. I will personally show you my trading account privately if you like. I don't short stocks and I don't have any plans to buy AMMX shares until I am proven wrong. If I am proven wrong, I will personally be a huge portion of buying pressure.
Exactly!
If Apple announced 3 deals with Africa and they all went away due to funding and then they announced another one, would you buy it and expect a share price increase or would you be skeptical?
You don't have to respond.
If they were fully reporting I wouldn't be asking it. Yes, there is a difference. Non reporting companies lie daily in the OTC and I'm certain you know that's true.
Again, if people stop saying things that question my integrity, I will go away and stop posting on this board.
How are we on the breakout boards?
Lex, that's what makes this all the more perfect on their part. There is not one thing verifiable and they know that. No product in stores. Nothing online that puts AMMX in a large deal. Just their word and if they "pull funding", it will go away just like the rest of them have. Shoot, guys, this one didn't pan out but we still have the 80 million MOA on the table and that one is getting very close to being finalized.
You realize that Marty can shut me up right now and bring harmony (minus JD) back to this board if they just demonstrate any kind of verifiable proof of the deal. In fact, I believe it is that proof that will bring buying pressure back into the share price - yet she/they are unwilling to do that. Does that make any kind of sense to you? What's the big secret? I'll drive over there tomorrow (4 hours) to see any kind of proof.
You as shareholders should be demanding proof as well. I don't care if it bothers her or not. This is your money and you have a right to see some proof because of the history of the pulled funding on all of the other Africa deals.
$ITKH?
Jus messin.
Nice alert Sporty! We should do very well tomorrow.
If you don't think there is motive, look at the history of the share price as it relates to the Africa projects. Lee said he took shares in lieu of salary (I'm guessing a significant amount of them) - you don't think that is motive? Marty owns a significant amount of shares also - do you think that is motive?
Richard, I asked you some questions. Would you be willing to answer them for me? Thank you.
Does this mean you are not going to answer my question? How come?
If the Niger "funding is pulled", will you then want to see proof of the 80 million dollar MOA? Or is that one okay to be kept in secret too? How about the Congo project announced in February? Any chance you'll want to see some kind of proof of that? Or do you just know because they told you it is true?
Aliend, this is a non-SEC reporting company. Do I really need to answer that for you?
Please just answer the question: If the Niger funding is pulled, are you going to demand some kind of proof that the project was real to begin with?
Please don't insult me anymore, just answer the question.
Oh, dude, so you must be the one that's going to go to AMMX and ask for proof of the Niger deal if the funding is pulled? Maybe you two can go over there together. I'm sure they will show you the contact then.
You need to go do some research dude!
Tell me this. If the Niger funding is pulled, are you going to go to the company and ask to see proof of the deal? Will you want it then? Or is it still okay to be kept in secret?
Here we go again! You can't let it alone.
You nailed it yesterday.
When funding is pulled, who goes to the company and asks them for proof of the actual deal? No one does. The shareholders just sell and say, oh well, it didn't work out. If the Niger funding is pulled, are you going to go to the company and still ask for proof of the actual contract? No, you're going to take your loss and move on.
There is no accountability here. There is no proof of any of the African deals and shareholders simply take their loss and move on. Go read all the old ihub posts back to 2008.
Once again, I am not misrepresenting or lying or trying to manipulate. I'm saying that here is a company that keeps announcing large African deals then funding gets pulled then on to the next "deal." These deals should all be verifiable since they are being announced from a non-SEC reporting company by shareholders holding hundreds of millions of shares.
Looking forward to your reply.
Who painted? Thank you!
Exactly! It's a no brainer!
If you're on Twitter, suggest it to SierraEquity also. Maybe they'll add it as a premium pick.
I wrote one also. Nothing back. If you haven't written to him, everyone please do. Maybe he'll get the message.
I think we could have a breakout when VFIN gets off the ask.
I hear there is a promo on the way. Should make a parabolic move when that happens.
Me too. I see that coming with this one! The way our world is going, I easily see Bitcoin as the only reliable currency in our world's future. Just my opinion though.
Good to know. His email to me makes me think we'll hear something soon here also. Pretty explosive volume out of nowhere.
Nice to see us on the breakout boards! A PR in the morning would be perfect.
"What does proof have to do with it if the problem was the funding?"
Bravo!
Good questions.
I bought AMMX during the Ghana deal and business seemed to be booming. (end of last year) I was not suspicious of anything since I was in contact with IR.
After the Ghana deal feel through and the Niger deal was announced, I felt concerned but, oh well, why would they lie I thought.
A few weeks ago I was talking to my wife telling her that the Niger deal is almost complete and was making plans for the hundreds of thousands of dollars that I was going to make and she told me - Really? Seems to good to be true.
So I went into my office and read all the PR's and Ihub posts back to 2007ish. I should have done this when I first invested but was too lazy to. I noticed that there were other Africa deals that were announced besides the Ghana and Niger deal. I also noticed that AMMX said they would soon be fully reporting in 2011. Not thinking too much about it, I sent an email to Marty.
This is the email and her responses are in all caps:
"Hi Marty,
I was just going over all of the PR's from AMMX all the way back to 2008.
Here are some that caught my eye:
1. AmeraMex International Signs Memorandum of Understanding With Ghana's Minister of Transportation for a $245 Million Rail System
WORLD BANK AND USA PULLED FUNDING
2. AmeraMex to Receive Signed MOU for Ghana Farming
Project
PULLED FUNDING BY WORLD BANK
3. AmeraMex International to Supply Equipment for Infrastructure Construction in North Africa Rail System
FUNDING PULLED
4. AmeraMex International Retains Squar Milner to Perform SEC
Audit.
1/2 THROUGH, CHANGED CFOs AND AFTER $80k RAN OUT OF MONEY FOR SEC
AUDIT.
Marty, it seems that we've had other projects that were in final stages that haven't worked out. It also seems in 2011 Lee stated "We are pleased to announce that we are on the path to becoming a fully reporting company". When looking through all of these PR's I can't help but wonder if this Niger
deal is really real?
FUNDING IS EVERYTHING - STILL WAITING
It's interesting that it keeps getting put off and there really doesn't seem to be anything verifiable - at least that I can find.
WE DISCUSSED IN A CONFERENCE CALL AND IN VARIOUS NEWS RELEASES."
A few more emails back and forth and she still said they would not provide anything verifiable.
And so this is where it stands now. I think caution is needed, that's all.
I honestly did not want more people pouring money into AMMX (and potentially losing it) if this deal is not legit. I thought if I raised some questions, everyone would go to AMMX and say we need verification of the Niger deal. The company would then provide proof, all will be happy, and then I would probably take a position back in AMMX. Never in a million years would I have thought that the company wouldn't show some verifiable proof of this deal. Somehow it evolved into all this. I understand where you guys are coming from because I've been on that side. Jeff Decker pissed me off more than anything. I get it.
I'm willing to leave but please stop the malicious comments. My approach may have been wrong but I'm not trying to hurt the shareholders. This was meant to prevent good people (not all of you are good people) from losing a lot of money in the case that I am correct.
I'm not the problem and a true sleuth would know that. The problem is an unverifiable contract from a non-SEC reporting company given to us in PR's by human beings that own millions and millions of shares. That's all I got.
If you don't respond to me, I'll go away. If you accuse me again I'll bring on more.
I was very pro-AMMX until I started looking at all of the old PR's and Ihub posts back to 2008. I started noticing a pattern with the company. I then contacted the company about it and they said "funding was pulled" on all of their African deals. I then asked for verifiable proof of the Niger deal and they would not provide anything. And here I am. My motive here is to encourage everyone to seek out verification of the Niger deal from the company - that's it. If they provide it, public apology from me.
Note to the board: If you guys stop accusing me of malicious intent, I will go away. You're false accusations are what keep me coming back.
Like I said over and over and over. I'm not asking to see the contract. I'm asking for anything verifiable. They do that and all problems are solved. Why is that such a big deal?
AmeraMex International Provides Update on Northern African Project
Date : 07/09/2013 @ 8:00AM
Source : Marketwired
Stock : Ameramex International Inc. (PL) (AMMX)
Quote : 0.0207 -0.002 (-8.81%) @ 3:21PM
AmeraMex International Provides Update on Northern African Project
AmeraMex International, Inc. (PINKSHEETS: AMMX), a provider of heavy equipment for logistics companies (stevedoring), infrastructure construction, commercial farming and mining companies, provides an update pertaining to a potential five-year contract valued at $500 million. Under the terms of the contract, AmeraMex will replace heavy capacity trucks and trailers owned by the Department of Transportation in a North African country. The name of the country is not provided due to the competitive nature of the transaction.
The funding package for the replacement equipment has been approved by a New York City-based lending agency, subject to Bank Guarantees issued by the North African country's minister of finance. African Bank Guarantees can be problematic and require backing of a major corresponding European bank known by the lender. If the Bank Guarantees are acceptable to the lender, AmeraMex will receive a complete list of required equipment from which to prepare a detailed proposal. The proposal will be presented to the Minister of Transportation for negotiations in preparation of a final contract. A signed contract must be provided and approved by the lender to complete the transaction. The total value of the contract, if all guarantees are accepted by the lending agency, will be approximately $500 million in gross sales over a five-year period.
AmeraMex CEO Lee Hamre commented, "This is the culmination of many months of work and negotiations. A contract of this size will provide AmeraMex the funding to grow and expand the company, which will significantly increase shareholder value. We believe getting the first contract signed by the Minister of Transportation will open the door to many additional contracts within Northern Africa -- the first one is always the most difficult."
You don't think a 300 million dollar deal with a non-SEC reporting company should be verifiable? Even after the 500 million dollar Ghana deal and two other African "deals" fell through?
I did not misrepresent. Per the TA the restricted shares were less 16 million. VFIN and VNDM are currently on the Ask. However you want to justify that, please do. I'm just asking questions.
I can say the same to you. Please use common sense yourself.
I'm guessing you lost a lot of money in Spongetech (SPNG).
Well, I'd rather not comment cause I'll get blasted.
With any investing you do your research and then make the best possible decision you can given the information on hand. Time will tell here.
They're yours now!
Thank you! I'll see if I can get an update for us.
Thanks! Anyone have an email address that I can write to the CEO?
I might grab those 14's to see what else they got goin on!