is...retired
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Correction - 0nce all the questions are answered AND the correct submissions are in place. I noticed today during Bishop's facetime that he mentioned background checks for officers. No one seems to have picked up on that, but it appears that is a requirement or it would not have been mentioned.
As I have said before, there are questions and answers between OTC and AMLH (the new one), and the stop won't come down until all their requirements are met. We don't hear about all of those.
Not saying there is a problem, just stating that there is a lot more to it than AMLH submitting some information and all of us expecting the STOP to immediately drop.
It will happen, when OTC's due diligence is done. Meanwhile, we can be assured that AMLH is working with them to answer questions and submit required documentation.
I'm pleased that the company is making the effort to clean up the old company and initiate the new one. This is still faster than a proper IPO, so it's all good. This is my first reverse merger into an empty shell, but I've been in others where both were functioning companies, such as $PIP and $ALT.
Yeah, that sounds like me too, except that I now have 16M shares, and my average is higher, at $0.0048.
But, 16M shares at even, say, $.10 is not bad. I expect about $.25 by the end of the year, assuming all the filing goes well and some revenue appears.
Tonight's news here (Portland, Or) mentioned that the Portland Trailblazers are joining the NBA 'Esports' league. That doesn't mean AMLH will get a piece of that pie, but it was interesting.
It is a new company. They 'bought' everything AMLH had to sell. Ex-CEO's shares were divided up with new management. They did a reverse merger to become public. NOTHING about the stock from the old company is important now, except that the AS and OS are fixed until changed.
In other words, the current company is in charge of the characteristics of all shares now, and any previous (old company) covenants are null and void. They are not beholden to anything except existing debt structures, and those can be renegotiated.
Think 'clean slate' but the chalkboard still has to be wiped down from previous use.
OTC doesn't trade after hours. But trades that are not completed by closing bell are posted after hours. You can usually see them at Nasdaq, as this one today:
T-Trade at Nasdaq
Yeah, and next he'll have a meeting with the pope, and have the pope in his back pocket. Anyone Bishop meets with is in his back pocket, according to the dreamers. Good lord!
Not necessarily. Insiders can only trade in narrow windows, typically for 30 days AFTER reporting results (like the rest of us). They have not released any results, so they can't trade at all.
Otherwise, knowing good or bad quarterly results, insiders could trade to 'help' themselves. Not allowed.
When people start making fun of one's name, race, weight or whatever, it is a sign of a small mind. I usually don't bother with small-minded people.
The short report has nothing to do with shorting stocks in the traditional sense. But it is a useful tool.
It actually keeps track of sold, but not settled trades, which take three days to settle. Even if there is not a single shorted stock (traditional sense) there is a short report that tells how many trades have not yet settled.
It is unfortunate that they named it as they did. It could have been called 'unsettled report' to be much less confusing.
Craig,
Thanks, I get that. I remember that you get it too. I think a little counterbalance to the absolutely off the wall optimism might be useful to even one person. I only hope I can help open the eyes of that one person.
They say don't fall in love with a stock. That means let the stock speak for itself. Don't put words in the mouth of the stock. That NEVER works. Most here are in love with the stock. The term 'Pied Piper' comes to mind.
When the business is making money, the stock will rise. Meetings with famous people has no meaning whatsoever, and when people say that Bishop has '[meeting of the day]' in their back pocket, I have to just roll my eyes. Why would a 'Cuban' billionaire put money into a triple zero OTC stock that has an OTC stop? Answer: They would not. No one is anyone's back pocket. Meetings are how business is one. CONTRACTS are how money is made.
AMLH may get up to $1 in a year or two, but it will be a much harder struggle than is painted on this board.
I wish you and all good luck with AMLH. I'm probably overinvested in it, but I'm retired and can wait.
My only response to this is that the current management has a different view than the previous management had. I think this management wants to dig out of toxic debt and become successful. An RS might be in the cards in conjunction with a reduction of AS, but if the CEO says no RS, I'm sure he means no RS to permit further dilution. That tells me that he plans to use revenue to pay down debt (or sale of assets, etc) instead of permitting dilution. I would really, really like to hear him state that, however.
Actually, I think an RS might be in the future, but not until all convertible debentures are satisfied. It does not make sense to reverse split simply to have shares to dilute further. But that does happen, so who am I to say no one would do that.
However, in this case, the AS and OS are too large. A reverse split would shrink the OS, and then a reduction of AS could put the SS into a better position. Without looking, I think the AS is about 10B on this one, and that's at least 4X to high. The OS would have to be well below 2.5B in order for the AS to be reduced substantially.
I do have a few mil shares in BVTK. I am interested in the potential. But the SS is seriously out of balance and needs to be restructured. I would not be against an RS if it's in conjunction with a reduction in AS.
There is no reason for stock price to drop after a reverse split UNLESS there is remaining debt to be converted. Otherwise, your stock just increases in value by the ratio. Why would it go down if it was not being diluted? It wouldn't except for the ongoing believe that all reverse splits are bad and thus uninformed traders dumping post R/S. They are not all bad, but some are.
If the company wants to reduce the AS, they have to get the OS small enough to survive the reduction. Reducing an AS is simply making less shares available. Reducing the OS, means either buying shares back at market, or doing a RS. Obviously, a company that is already in debt can't buy its shares back, particularly if there is a dilutive debtor remaining. The company would be buying their own stock at market price, then giving it away at a discount for a debtor. Yes, that would make sense. Lose a little in every deal, but make it up in volume.
Careful about 'there is no other explanation'...we don't know the details, only the result. There could be any number of explanations.
I will agree that ICLD would like to report no more convertible debt in the next earnings release, but I doubt what they sold was a $10M revenue generator that was sold for a mere $2M. (Or whatever it was, exactly.)
We don't know how much convertible debt remains, so we can't make assumptions about it. All we know is that it needs to be removed, and not diluted. With the OS pegged, they have negotiation power. Hopefully, they are using that to dump bad debt.
I don't like pure dishonesty spouted in public. It could harm those that can't see the difference between what is possible and what is impossible.
When I see people spouting pure lies on a board like this, I will call them out. I hope I helped someone understand that when people claim shorters on sub-penny stocks, they are bullshitting. They are simply being dishonest.
Hey, I have an idea...why doesn't someone try to short a thousand shares of AMLH. Regardless of broker. Yeah, just try it. You'll see that they won't let you do it, even with a margin account. Then, you too will recognize that when people talk about shorting the stock, they are either idiots or lying or both.
Ok, so now I'll block you since you are obviously talking bullshit, and don't even understand how the stock market works. None of the crap you say is even possible.
Bye now...permanent block, but hopefully, I helped educate someone who can't see the bullshit.
All I can ask is why you would buy the dead shell of amlh before even a word of a potential reverse merger? 140M shares in a dead company with zero revenue doesn't sound like a get rich scheme to me. (even if it is only $14K) (Their last earnings was mid-2016.)
It sounds more like a serious lack of due diligence, and instead of stepping in shit, like most do, you stepped into a relative gold mine. Don't forget to recover your investment before you let it coast...if you haven't yet.
And, how many times have you bought dogs that become gold mines? I'd say less often than you'd like to admit. If it was that easy, we'd all be buying $.0001 dead stocks and waiting for the gold mine.
I don't have any trouble sleeping. It is odd that calling out facts makes dreamers think I'm trashing the stock. I am realistic, I understand that companies have to make money for their stock to go up. Meetings and tweets don't build companies - actual agreements, and contracts do. We have none so far.
Until we see those, we are simply drinking the cool aid. Me included, only without the pink glasses.
Some people are ready to mortgage their homes to buy this stock. I only use funds I can lose, but hope I don't. There is a big difference between speculation and desperation.
I have 16M shares and am up over $80K right now. (Mine and my GF's shares) It is not about having doubts, it is about facts. AMLH will have to make money to become successful. You can wish all you want, but they will have to become successful in spite of several giants in the industry already.
All I need is $.042 to get my investment back when selling 10%, and I think that is reasonable given the current situation. The 90% will ride to see what they can do. The 10% will go to the next possible 10 bagger.
I really do hope AMLH will become successful. But, I will extract my investment and move on, and let this simmer for a year or so.
The OTC is not dragging their feet. Get over that. They are forcing the new management to provide everything they need to get current. That is it. It means they ask questions, and AMLH (the new one) answers, when they can. It is possible that the new officers are part of the requirement they were waiting for - that (their questions) - is not being shared with us.
You can believe, however, that AMLH knows why the stop is not down yet.
The new AMLH is a private company that went public in reverse into a public shell. OTC wants all the facts, including who are the officers of the new company, and how the company is structured. As I read over the OTCMarkets ticker for AMLH, I see that most things are now reflective of the new management. In a few days, the first quarterly report for 2017 will be due. It is a catchup game. They will likely report late, which will require an 8K to tell OTC they will be late so the stop sign, if it's down, won't be put back up.
The CFO for AMLH was just announced today. Yes, the OTC probably wants to know who the chief financial officer is and that is probably a requirement for removal of the stop sign. The CFO can't be the old one, there must be a replacement from the new company. Why is it so hard for people to understand that starting a new company up using an older symbol takes a LOT of work?
I would advise everyone to realize two things - this is a startup company that just happens to be using a ticker that was public. That is not a guarantee of success, as most new companies do not become successful. The otc is littered with the bones of companies that have tried to be successful.
Also, remember that when a stock goes up without a reason, you can expect it to go back down without a reason. No matter how much esteem you might hold a company or its idea or its CEO in high esteem, business success is based on performance, and performance is measured in dollars. Nothing else.
Notice the listings of officers and directors of AMLH on OTC:
AMLH Profile
Maybe, just maybe, OTC wants those to be filled out by AMLH before the stop sign goes down. The stop was generated by the old company. The new company has to fix the problems left behind to become current.
Well, I'm up over $80K, and I'm not selling any until it reaches my avg X10 - $.042. Then I'll sell 10% and the 90% will be free to do whatever they will.
Don't be silly - OTCMarkets would face serious SEC violations if they traded on insider information. Employees would be fired.
If you don't know things for fact, don't make them up and spew shit out at everyone.
[I'm thinking with as many people called about it, the process was expedited to top priority.]
I'm thinking every time someone calls, it goes one level lower in the pile. They must be sick of it, and probably joke about the idiots that keep calling in the break room.
Business is not conducted by harassing people that can't do anything about the issues.
If you have a cash account, the stock can't be shorted. No one in their right mind would short a sub-penny stock anyway. Most brokerages would not even permit it.
[They are obviously dragging their feet]
No, they have a process, and that process takes time. They handle all the filings for over 10,000 companies.
Those companies trying to get current must take their place in the process. As far as we know everything has been submitted, but they may STILL have questions to be answered. Those would be answered by the CFO or auditor.
Keep your pants on, everything will play out in time. Calling people and emailing them just wastes their time. And yours. They know what their backlog is and there is not one damn thing we can do to speed it up.
The point is that people are not shorting sub-penny stocks. It would not make sense. The short report has nothing to do with shorting stocks - which is borrowing shares, essentially.
It is simply stocks in play that have not yet cleared the buy/sell process, which is exactly what I said.
Brokers don't buy your stocks usually, they find a buyer and close that sale, then buy yours. It takes 3 days to clear the whole transaction. This can happen many, many times during that 3 days, so it has to be kept track of. The short report does that. Some of the shares in the short report have been sold and bought multiple times in that three days. Or could be.
It is an entirely different thing than 'shorting' a stock by a trader or business. In that case, they aren't 'buying' the shares, they are borrowing them, hoping to get them at a lower price later. They 'reserve' them. If they go up instead of down, they lose, sometimes big time. That is why it would make no sense on a sub-penny stock - you could lose hugely, but you could only profit by sub-portions of a penny per share if it went down.
Do you even know what the short report is? It is not because people are shorting the stock. No one in their right mind would short a sub-penny stock, even if they could find a broker to permit it. It would cost many thousands of dollars just to back up such a short, and that would be more than the potential gains.
The short report is the report of what has been sold and not yet cleared - it takes 3 business days to clear. Anything that has been sold, and where the cash isn't into the seller's actual account is counted as 'short'. Not shorting the stock, just not cleared funds.
OTC does not trade after hours, period. All you see after hours is trades that didn't make the closing bell for automated reporting.
Good lord, no one shorts trips!!! The risk would be FAR higher than the reward, even if you COULD find a broker to do it. And that's not likely.
4b....simple.
So, what uniforms do they wear??
uniformed daytraders
OTC T-trades are just the final shares at the bell being posted. There is no aftermarket trading in OTC.
Ah, yes, the license agreement -
4. Other Assets
The Company’s other assets as of December 31, 2016 are $1,500,000. The $1,500,000 assets were acquired from Registered Express International Corporation in the form of a perpetual license agreement.
There is no money there unless they can sell that license.
Oh, you mean these?
5. Liabilities
Liabilities are made up of current liabilities and long-term liabilities. Current liabilities include accounts payable of $0.00 and short-term debt of $410,343.00 per the schedule below. There were no long-term liabilities outstanding for the Company as of December 31, 2016.
Long-term debt consists of the following at December 31, 2016:
Description Origination 12/31/16
Keystone Gate Company Contract $ 185,000.00
Open Sky Software Contract $ 119,493.00
Other Long Term Payables
Various $ 29,500.00
Wroblewski Oil and Gas Company $ 76,350.00
Total Long-Term Debt $ 410,343.00
Do you have a link to these numbers?
"Total current liabilities $0"
What a stupid question! I don't buy anything because I 'like' it, I buy it because of potential. If the potential disappears, so do I. So far, I see enough potential for me to make at least 10X what I paid in AMLH. .0042 to .043. That will pay me back my investment. I don't 'like' any stock. I buy and hold stocks with potential, and drop ones that have lost potential. There is no room for 'liking' stock. That's why my 300K GIGL is all gone. Too stagnant to hold any longer. Sold my USRM too.
Uh, yeah, share reduction. With over 2B shares in the OS, exactly how would that happen? The only two methods of share reduction are RS and buyback. Buybacks take CASH, which a 'quote startup' does not have. So, the only other choice is a RS, which is claimed not to happen any time soon. So, talk about the SS is just that - talk.
There is a much bigger problem with the SS, and that is the remaining debt. Any reduction of OS could immediately be gobbled up by convertible debt. Why would ANYONE do that??? Answer, they would not.
So, the reason there will be no RS is not for 'us' it is because they intend to pay off the remaining debt with cash so no more conversions will happen.
But, mark my words - A RS WILL HAPPEN when it's time to adjust the OS. You can't reduce the AS until the OS is smaller, and you can't buy back the shares, SO, you pay the debt to prevent dilution, then do the RS to reduce the OS, then reduce the AS to something more reasonable than 2.5B shares.
The good news is that is all good for shareholders. An RS is not bad news if its done for the shareholders, and not for the officers. In this case, it would be to reduce the OS to reduce the AS, which would result in fewer shares trading for more dollars overall.
Yes, I have 1% of those 1.5B shares right now. I'll probably add 10% more just to sell later to recoup my investment. No guarantee it will happen, but worth a shot.
With a 2.5 billion share SS, I scarcely think a tweet had anything to do with the price rise. All of us together couldn't budge that price. On the other hand, there could be sizable investors getting in that COULD budge the price.
Insiders are limited in when they can trade, but outsiders with deep pockets could be testing the waters. That could be good, or dangerous - to us. It would not be difficult for an outsider to purchase tens of millions of shares to help the rise, then dump them and take the profit shortly after. Meanwhile, we're just along for the ride and all we see is the rise and fall.
I'm not saying that is what is happening, but I am saying that does happen, and it COULD be happening here.
If you don't want Clay Trader posts, ignore him. You won't see any more of them, except for everyone who posts ABOUT him.
Most of the dilution took place in 2016.
There was still $185,000 debt at end of 2016. Conversion of that to stock would require 21B more shares at today's price. (.0086) So, that can't happen under the current SS.
In May, the SS looked like this:
Common shares authorized: ---- 1,000,000,000 as of May 12, 2016 Total shares outstanding ----- 880,022,902 as of May 12, 2016 Restricted shares ------------ 707,485,056 as of May 12, 2016 Float --------------------- 172,537,846 as of May 12, 2016
McFadden had:
James McFadden located at 9850 S. Maryland Pkwy., Suite 105, Las Vegas, Nevada 89183 holds approximately 65.34%, or 575,000,000 of the Company's 880,022,902 outstanding shares.
By the end of September, 2016
Common shares authorized: 2,500,000,000 as of September 30, 2016
Total shares outstanding - 1,388,522,902 as of September 30, 2016
Restricted shares -------- 582,484,956 as of September 30, 2016
Float ----------------- 806,037,946 as of September 30, 2016
By the end of December, 2016:
Common shares authorized: -- 2,500,000,000 as of December 31, 2016
Total shares outstanding --- 2,204,522,902 as of December 31, 2016
Restricted shares ---------- 707,484,706 as of December 31, 2016
Float ------------------- 1,497,038,196 as of December 31, 2016
McFadden holds:
James McFadden holds approximately 55.37% of the total voting power of the Company, which is comprised of 605,000,000 common stock of the Company's 2,204,522,902 outstanding common shares and 2,000,000,000 of the total 2,500,000,000 possible voting preferred based on the 5,000,000 preferred shares issued and outstanding as of the date of this filing.
Debt Conversion to Stock
Company entered into a Settlement Agreement and Claims Purchase Agreement on August 10, 2016 for a total of $325,000.00 in debt. Shares were converted into stock based on a draw-down of the debt pursuant to a court action based on a Section 3(a)(10) legal opinion as follows: Date Shares Issued Price Per Share Amount of Debt • 8/12 7,500,000 0.00093 $7,000 • 8/22 40,000,000 0.0005 $20,000 • 8/23 45,000,000 0.0005 $22,500 • 8/30 70,000,000 0.0002 $14,000 • 9/08 87,000,000 0.0002 $17,400 • 9/15 54,000,000 0.0002 $10,800 • 9/23 85,000,000 0.0001 $8,500 • 9/26 120,000,000 0.00005 $6,000 • 10/04 130,000,000 0.00005 $6,500 • 10/06 110,000,000 0.00005 $5,500 • 10/10 160,000,000 0.00005 $8,000 • 10/19 160,000,000 0.00005 $8,000 • 10/21 190,000,000 0.00005 $9,500 • 11/30 96,000,000 0.00005 $4,800
TOTALS 1,314,000,000 Debt Draw down as of 12/31 $140,000
Balance of Debt Remaining As of 12/31/16: $185,000
This debt probably still exists, as AMLH wasn't actually generating any revenue. The SS won't permit it to be converted as it stands. We will learn about the first quarter condition in mid-May, if filed on time.
It is going to take a lot of revenue to buy back shares to reduce the OS and eventually shrink the AS. An R/S would shrink the OS, but with the existing debt, it would only lead to more dilution. So, the current debt should be paid off in cash so it can't dilute, then shares would have to be bought back (from us) to reduce the OS, which would raise the stock price. THAT is why we want to know where their revenue is going to come from.