is...retired
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None of that chart counts except what has happened since the end of March 2017 - when the old company was ousted and the new company took over. You cannot draw any conclusions from looking at an empty shell and a shell with new leadership except to say that it is no longer completely dead.
An extension of the RS is not mentioned in the recent ER. Previous ER said on or before 8/29. Further reading reveals stock options are maturing on 8/30 or so, so the RS is needed to permit employees to exercise their options. I assume the wait has been to pay down as much as possible before permitting more conversions AND permit employees to get their options exercised before the OS grows too much.
I suspect this split/conversion cycle will be the last, but longs will have to hold through it to see the light at the end of this tunnel. The light should be a stock price over $1. That would be 40X current price, which is fine with me. All I want to see is a clear 10X, and I do think that's doable.
What is the big deal about the float increasing, if the OS isn't? All that means is that some restricted shares became common shares, which means nothing to us holders of common shares.
If the OS increases, that is a different story, but it doesn't mean we have a right to know about either one of them. It is THEIR company, not ours. We are along for the ride, not the other way around.
If there is news the public should know about, we will see it in due time. Otherwise, it is simply none of our business.
I implore shareholders to LEAVE THE CEO ALONE, and let him build his company. It takes TIME, and EFFORT, and a bunch of whiny shareholders peppering him with questions only detracts from his ability to get his job done, and makes him resentful of all the prodding. No matter how smiling of a face he puts on for us, you can bet he's sick of hearing about the same old shit every day from people that are asking the same old questions over and over.
The stop will drop when it drops. The stock details will be made public at some point, IF and only IF they are required to disclose them.
We don't have a right to know the details of new hire execs. We don't have a right to know their salaries or stock grants or options.
In short, leave them alone and let them show us what they can do with the company. The less aggravation they have to deal with, the sooner they will have something valuable to show us.
I want to show support to their efforts, not tear them down. Give them some TIME!!!
Why the pullback? Why the huge rise? This stock runs purely on emotion right now - there are no financials, there is no revenue stream, there is no product to sell - it is a startup.
It rose with emotion and it fell with emotion. Emotion is not a way to trade stocks, it will assuredly cost money.
I will wait until I see what it produces, and I start seeing regular financial news, etc. There will be a source of revenue, perhaps up to three that they've mentioned, but it's a startup, so we have to wait to see what they can do.
Impatient ones will leave, patient ones will see what this company can do.
I would not expect to hear anything about why the float increased until the reason is posted in a filing. My guess is that the new execs were given shares as part of their employment package. That is what I would expect from a startup. I suspect their salaries can't be that high, so stock is the natural way to get them hired. If that is what happened, it will all be spelled out in due time. We will not see all the employment details, but we should see the stock changes.
I LIKE to see a low salary and a good stock offer. I WANT them to WANT to increase share value. That is their job!
MC, Good post. That about sums it up. Besides being tough as nails, you also need to be armed with knowledge.
Before you buy even one share, do sufficient due diligence to avoid the 99% of companies that are not good candidates. My main mandatory item is that it has to appear to be at least a potential 10 bagger in under a year. I always look at the chart back as long as it exists, and reconcile where it is now with where it has been.
If it's been increasing, I look for why. If it has serious drops in the past, I look for why. I go through all the filings in the last year or two. I read press releases. I time them with stock actions.
When I first purchase any shares, I have a pretty good idea of where the company has been, and where it is likely to go - and why.
In the case of AMLH, I could see a defunct company that divested its assets and left most of the outstanding shares in the hands of the CEO. I saw the merger and I saw the potential of GG Media - a young, private company with what should be a bright future going public through a reverse merger into the shell of the old company.
The messy details of the old company had to be cleaned up to get the company current which is happening now.
The share structure is outsized for such a small company, and will need to be addressed in the future. That may very well require a reverse split - and I'm prepared for that. I bought 22M shares knowing I might end up with 1/4 that many, or so. Still, the whole investment is only about $60K, and I expect it to eventually return $600K, minimum.
The point is that I, and I alone, study any company that I invest in, and I don't buy hype from posters on boards, either direction. I deal only with facts. If my DD changes, I decide what action to take. I don't fall in love with any stock, and divest even with a loss if things change too much. If it drops 50% below my avg, it's gone, for example. Good bye GIGL.
If/when it hits the 10X point, I sell off 10% to recover my original investment and let the rest roll. If it continues growing, I keep it. When it looks like it plateaus, I make a decision about how much and how long to hold and sell the rest.
While all this is going on, I find another candidate and when I cash in my 10%, I use it to invest in another similar company. Not all at once - in steps. I buy some amount and watch it, and what the company does. I usually have some real cheapies to start, so it's inexpensive. I need to see the upward trajectory begin before I buy more. Hot news sometimes triggers a buy also. Hello BVTK.
This process has enabled me to at least double my portfolio value each year. That's 100% increase every year, even taking any losses into account. I make more now than I ever did working, and I had a 6 figure salary plus stock options. Not bragging, just saying there is a way to make real money, and it's not by flipping. I hold only 4 OTC stocks right now, all of which meet my criteria and all of which should see a 10X rise by the end of this year, or shortly after.
GLTA - this one should be an interesting ride this first year. (Till April 2018, one full year of business. I started buying 4/4/2017.)
Unfortunately, when CEO was at OTC, the papers he submitted were incomplete. At that time, there was no CFO, who was actually hired just a couple weeks ago. Who knows who prepared the annual report which was ALL the old company at that time? They had to have access to the old company financial records, create an annual report, and get new company information turned in to properly reflect the new management and contact people. There was no CFO for a financial contact at that time.
Kudos for trying, but maybe let a professional CFO create the filings properly. The 2017Q1 report is due next. Either they need to release it Monday, or post a 'delayed filing' document, or skip the release date. I don't think they want that, as it would ultimately bring back the stop sign, even if it was dropped in the interim.
AMLH has plans to uplist from pink. In order to uplist, you need a record of reporting your financials.
The OTCQB requirements are as follows:
Reporting Requirements
Meet one of the following Reporting Standards:
SEC Reporting Standard
Regulation A Reporting Standard
U.S. Bank Reporting Standard
International Reporting Standard
Verification Requirements
Maintain a Verified Company Profile
Post initial and annual OTCQB Certification
I don't know if any restricted stock was made unrestricted. Most of the original stock was common stock. If the OS increased, and apparently it has, it may very well be common stock taken from the treasury (The AS minus the OS).
And, there are several new execs, including the CFO, and I would be totally surprised if they were not given (common) stock as a signing bonus. Even I experienced that as a lowly director in a previous life.
In the 2017Q2 filing, we will see what happened - it has to be reported if it went to execs. Mid August, unless they release those details earlier.
The only thing I saw posted today was the updated attorney letter to go with the updated annual report. If there is something else, I don't have a link to it.
Lets see, 'giving shares already outstanding'. WTF does that mean? If they are outstanding, it means someone or some company owns them. Are you 'giving' yours away? I can't believe how naïve some people are.
I don't think execs are selling. That would be insider trading, and illegal. All insiders (dir and above) must report stock transactions, and they have only a window of one month after an earnings release in which to trade. That is the law.
I can't imagine why any exec would sell such low value stock rather than busting hump to make it worth something in what is essentially a startup company.
Most exec stock, by the way, is common stock. There wasn't much restricted stock involved in the merger. Most companies would have a restriction of 6 months to a year before execs could sell any stock, for the very reason that some are insinuating that they are.
Conspiracy theories are just that - theories, with no basis in fact.
Anyone that thinks this company is manipulating its stock price by illegal trading practices should sell, and leave this board.
Yes, I picked up 2M more shares today. Actually averaged down a bit.
Not a bad quarterly report, in my opinion.
It is silly to think an earnings release is held back to Friday after hours just because it is not good. No company I have ever heard of works that way. They needed it submitted by Monday to be on time. They got that done. Check.
I did not see it as a bad report, but there was not as much convertible debt removed as I had hoped. But otherwise, it seems like they are working the plan they told us earlier this year. Check.
Things like company restructures don't happen overnight.
So, overall, I would call it a good report. They are executing their plan. They will continue to execute their plan.
Yes, an RS is in the works, but that is not news. And yes, they will probably let conversions happen after the RS, to get rid of the debt they can't pay out of revenues. But that should end it - they know not to do that kind of financing in the future.
When the $50M debt is paid off, they should become profitable. When that happens, I see no reason it can't get back to the $1 it was at last year. I will hold a substantial number of shares while I wait it out.
Now that is genuinely funny! Good job!
If you can prove anyone is naked shorting, they can be reported, as it is illegal.
Today, though, I suspect a large shareholder simply sold at market to put the money into something else. Selling at market lets the MM's drive it down in the process. Once they are gone, the price goes back up. That's what we are seeing now, probably will fully recover today if not beat yesterday's close.
Short volume has nothing to do with shorting the stock. It is the amount that has not yet cleared the 3-day settlement time. That is all. YOU create shorts any time you sell a share, and it stays that way for up to 3 days.
It is too bad they used 'short' instead of 'unsettled' terminology.
NO, the stock was not shorted. Period. No one could short 40 million shares of this stock. It would take 40M X $2.50 = 100M. That is, they would have to put up $100M dollars in reserve to short 40M shares of AMLH. To make what? A couple thousand dollars???
Would you be snorting stinky pinkies if you have $100M to invest. I thought not.
There are no short sellers on this stock. NO ONE has enough money to put up $2.50 per share shorted to cover the potential loss.
There is not a specific date for pinks to report. And often, a notice of late filing is posted when the quarterly or annual report is not complete.
Generally, a report is 'due' within 45 days of the end of a given quarter.
If they had common stock, of course they could be still holding, just like any of us that had the stock last year. But restricted stock goes with the company, not the shareholders. Ex-CEO had all the restricted shares in anticipation of the merger. It's all in the filings.
Timeframe: How long does it take to build a startup company? Why is the sky blue? Why do rivers run downhill?
The owners of the old company do not have ANY shares. They SOLD the company to the new company, and that included ALL of the outstanding shares and AS. You don't actually think the new company would leave shares in the old company's management to torpedo the new company do you? Good grief!
Enough with the conspiracy theories!
I absolutely do not think this was a pump/dump. I do think that people ON THIS BOARD have WAY outside normal expectations, and bought in on the hype ON THIS BOARD. Now they are disappointed about how long it takes to get real work done, and are taking their losses, all the while not even understanding what they are doing.
Emotional trading is expensive!!
West coast starts the same time as the east coast. Most traders watch the open at 0630 here, and it ends at 1300 here. I'd never lose 2-3 hours of a trading day by sleeping in!!!
If people have stop losses set, they may very well be triggered. I would HATE to find my shares sold automatically and miss out on the potential upside. I have no stop losses on most of my stock - I just assume it will rise and fall naturally, and will eventually prosper, assuming I've done sufficient DD to ensure I'm in a solid company. I'm out of cash now, and can't sell any other positions either. So now I just wait it out.
AMLH was at a penny recently, and things have only gotten better since then. How could it not recover to that???
Now would be a perfect time to get that etrade account and load up at this price. I doubt we'll ever see this price again after the company is pink current or better.
Yes, as of this morning, I added 2M, making a total of 22M now. The 'fundamentals' if any have not changed, so I was able to average down a little - $.005 now, a perfect spot for my plans. At $.01, I will have doubled my money. At $.02, quadrupled. At a nickle, I'll sell 10% and have my investment back, while retaining 20M shares to watch.
Options are not shares until they are exercised, and then of course it increases the OS and you own a smaller percentage of the company. I never said otherwise.
But the principles of AMLH cannot buy or sell shares except for 30 days after the current quarter earnings release. So - they aren't buying or selling anything until after 2017Q1 earnings release.
New principles may have been issued restricted or common stock as a result of their hiring bonus. That would also affect the OS.
The truth is that we will know what is happening with insiders when the paperwork is filed, because all insider trading must be reported.
What appears to be happening here in my opinion is that investors are becoming impatient. The stop sign may be part of it. Or, another stock may be moving faster and they just drop AMLH to get cash. Some held from trips, and still got out green.
That's too bad for them, but good for me. I just picked up 2M more shares this morning at .0046, .0047. Thanks to the sellers!
No one is shorting this sub-penny stock. It would cause the shorter to put up $2.50 per shorted share. Good lord!!!
Buying and selling shares is not 'diluting'. Better read up on what that term means.
Specifically, OTC is over-the-counter, and is 'off exchange' trading. Not sure AMLH will even try to uplist to Nasdaq or NYSE - OTCQX may be sufficient, and has fewer restrictions.
Not percent - sorry - no coffee yet. He had all the restricted shares...
The stop sign comes down IF the corrected filing meets all the requirements that were missing previously.
The old CEO had about 65% of the restricted shares until the merger, then they were split up among the three principles upon the merger. The new C-level execs probably were given shares as part of their offer package - standard practice. Even I, as a director, got restricted shares and stock options for a hiring in the past.
What people do with their restricted shares is none of our business. It makes no difference except to keep the float smaller than it would otherwise be. Totally immaterial.
AMLH current SS is:
Market Value $14,108,947 a/o May 11, 2017
Authorized Shares 4,000,000,000 a/o Mar 29, 2017
Outstanding Shares 2,204,522,902 a/o Mar 29, 2017
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 1,497,038,196 a/o Mar 29, 2017
The float is the number of common shares, so there are about 700,000,000 restricted shares, mostly those split up by the principles during the merger.
OS reduction can be done two ways:
Share buyback
Reverse split
I won't mention retiring restricted shares, it would simply mean the principles would be 'giving away' their share of the company, which would not make sense.
Share buyback requires cash. Cash comes from profit or new debt. Most companies that buy back shares do so from profit. AMLH has no known revenue, let alone profit. Time will tell on that. It's a long shot to think a meaningful share buyback is possible at this time.
A Reverse split requires a vote of the board of directors. It reduces the number of shares in the OS by a specific ratio, and increases the price per share by that ratio. For example, a 1 for 4 reverse split would take AMLH's OS from about 2.2B to 550M. Share price would increase from whatever it is, say $0.01 to $0.04. There is no change in market value or investor value.
The AS also requires a vote of the board of directors to be changed, and requires a change in the articles of incorporation when enacted. The AS reduction is not called a split because there are no actual shares in play. AMLH could reduce the AS to 1B, leaving 450M available for OS growth. Even that may be too large.
I think an RS of 1 for 4 or 5 would be sufficient to get the SS into a good position, and I predict that is what will eventually happen.
Generally a company pays franchise tax on the difference between the AS and the OS, so it is not wise to have a lot of unsold shares in the AS.
A smart move is to announce a share buyback in addition to a reverse split. The share buyback builds shareholder confidence that the company believes in itself. But again, the money from a sharebuy back has to come from somewhere, and it would not be good to borrow that money unless the loan is not convertible, and has very good interest terms. If the share price grows faster than the interest on the loan, that can be a good thing for all.
Why not? I'm happy to see principles converting their restricted shares to common shares. It means they are in the same boat as the rest of us.
Any such changes will appear in SEC filings - mandatory - so there is no need to publicly say anything until the filing.
The short report does not report what has actually been shorted by 'shorting' the stock. It refers to the trades that have been done that have not yet settled. It takes 3 days to settle trades, and all those are reported as 'short', because they are not final.
When many people flip stocks and the same shares get sold and bought multiple times in 3 days, the report goes up. Not a single share is guaranteed to be 'shorted' - it is just unsettled trades in that report. I don't know if there is a report that identifies how many shares are actually 'shorted' as a trading scheme.