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First off let me say I was a big supporter of this company, but after yesterday I am out. I watched the buy and sells and I was shocked. Let me explain approx. 10 million sold and 3 million bought. The stock opened at .0135 and had 2 press releases the prior day. So that begs the question everyone who had bought prior to dec. 9 must have thought the stock has going to down after the press releases something this company hasn't done in about 40 days prior. Are you crapping me the only reason the company released PR news is they were going to dump their stock to raise capital at the expense of the 3 million shares who bought in. How do I know this, its right here in james quarterly report paragraph 4.3 http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=26869 Am I upset they need capital no, what I am upset about is how they do right after the press releases. So do I think this company will make the 12 fuel pumps for the chinese and hire more people? yes. Do I think as a person who wants to make money on this stock that it's a good investment NO, and I think I can say that since I have been in 3 months, trying to promote it, and losing half my investment. So look out for the settlement date on tuesday on all the 3 million shares who sold and bought this wonder. This company only pumps PR's if they need money, not you.
Can't the trading day just end, please.
I don't know how much good news I can handle.
typo: quarterly report from july 1 to sept. 30
Well this is what I think is going to happen. I think you will see some press releases before dec.16. The only reason I say that is because if james does what he has done in the past he will post a quarterly report from june 1 to sept. 30. The reason I think this is important is that in these reports he always talks about how company is currently doing and has done. So considering how in his last quarterly report from (april 1 to june 30) he talked about the Navy project para. 4.2.4 , Federal Stimulus money para 4.2.2, and from the army contract and I quote "We successfully completed this project and we have been selected for a Phase II project that will involve major redesign and testing of the high pressure pumps." (which still hasn't been released on the market wire) para 4.2.3., also james bid on another army contract in this quarterly report as well para. 4.2.5, so there alot of questions that need to be answered. The last quarterly report can be found here: http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=24707 As a final note this company has never gone longer then 46 days without a press release considering oct. 29 with the comments on the (KOGAS) tommorrow should be 37 days. Does all this make sense, I don't know? As you can tell I have alot of time on my hands, lol
I am in at .06 Hopefully this will do better then some other stocks I have picked.
Maybe the pumpers know something is coming down the pipe. I am just as shocked as you are.
As a final note: If one still thinks that AFTC didn’t get the phase II approval here is the deleted link off there website if you want to read it. http://www.altfueltechnology.com/files/Army_phase2.pdf
Gain, I think people are idiots that’s the only reason I can see the sell off we did today. I plan on buying some more tomorrow. I really didn’t want to mention it but I emailed roy about the pull back on the army news and he basically said the same thing you did. If you want a copy I can email it to you. Let’s think about it if we see the lift we did in June about phase I just from the army news, and if it’s only a pump, we will make 4 times our money. So people keep selling, because as far as I am concerned I am set.
I am curious if stockstars.net and hotstockplays.com are getting the news I wonder how many other penny newsletters are passing the word? Maybe james is going to drop some news this week?
Gain, I was wondering how did you hear about the 18 month volvo contract and the price of the fuel pumps?
I just saw aftc is being promoted by http://www.hotstockplays.com/ check it out. It might change by tommorrow.
Can I ask what ford site you read about the aftc ceo and his company? Also can you explain what you mean about BK, I guess I don't understand that part. thanks.
I am just afraid if it goes up a penny I might blow my load and unload. LOL. I have to remind myself slow down.
My guess is everyone is holding on to there position since there wasn't been much movement on either side. I think everyone knows this company isn't going under and there is a reason why they aren't releasing any news, considering all they have been up too. Maybe no news is good news. I guess its a waiting game right now. Who knows if it dips down a little more I pick some more up.
Has anyone looked at the steady increase in oil price and oil futures?
I am still in it. I did call Roy Sahacheserie last week. All he really said is it is part of the companys strategy as to why they haven't posted any news and said the company has a long term plan. I still believe this stock is going to be a big winner. I am just going to hold my position and try and make money else where.
maybe the koreans will buy them out!
I think people are right I am out, 200k on tuesday!! knock 1.2, back 1.6 love u.
I say average up!
I think the stock will at least be much higher then .02 in the perceivable future. The reason I say this is that they have already completed phase I of the army contract and they going to receive 50,000 for that. After phase II they may receive up 750,000. Which I think they will complete in record time. They do have at least 2 years to complete phase II but I highly doubt it will take that long considering they want to go in limited production by 2011 and have many prototypes all ready available. In phase III they have to find investors which I think they will have no problem finding. They are also bidding to get another army contract which is stated in there quarterly report on sept.29. Also, what do think Ford of Europe and Korean government is going to do AFTC if does complete a working prototype for them. Just drop them and say not interested? This doesn’t even consider what the navy might do for them as well. I do agree there needs to be more press releases considering all the stuff they are doing. These are just my thoughts, thanks for reading. Tell me what you think?
Are you still in with all the shares you bought?
I have a question. What does someone consider a long term investment in penny stocks? Meaning how long do you hold on to them compared to non penny stocks?
I just guess they don't want any of there investors to make any money. Maybe the company should go broke?
If anyone wants to read it. Just type in , James Mccandless aftc , in google and it should be the 1st hit. I don't know maybe its fake.
I just checked and the quaterly report came out on yesterday.
I saw the stock info on scottrade.
I am giving the stock until the end of october after the CEO speaks in washington. If no movement I am pulling out and reinvesting later.
I think the stock will take off too. I have also noticed that the outstanding shares has increased from about 61 million to about 170 million. Making the market cap go up. So I believe the posting about them maybe trying to raise more capital. I hope the recent good news about the company gets out on the wire soon.