is...retired
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More than likely, yes. The annual report for AMLH (the old company) was basically no revenue. Most of Q1 was still the old company, so it should not look much different than Q4 did. The first quarter in which GGMedia is full owner will be 2017Q2. it will be interesting to see.
I hope it does hit $.05. By that time, I will have sold 10% of my holdings and recovered my entire original cost. The other 90% will ride, if it's doing well enough. I'm not holding my breath that it will happen in a month though.
I'm neither a pumper nor dumper. My shares are up 100% now, and I'm holding for 1000%. I only invest (speculate) in companies that I see a decent possibility of a 10 bagger. I see that here, so I bought stock. Nothing particularly surprising about that.
I don't day trade, and I don't sell too early. I have a plan with every stock I buy, and I make sure the company is doing what it says to stay with it. On this one, I have a $.10 target within about 6 months. I think that's reasonable.
Regardless, I bail on stocks that don't perform as anticipated. I stay with ones that do perform. I don't 'love' any stocks - I'll sell anything that bogs down for too long. If AMLH doesn't start making enough money to support a higher stock price, I'll dump it later. Again, nothing surprising about that. It is how I make money and try to not lose in the process.
Well, it might not be for me, but if the stock price gets to $.10, I will have $1.5M worth. THAT is the reason I have bought stock, not because I believe that rubbing elbows with famous people will somehow get the stock price to $.10.
I clearly do know what I'm talking about. I am saying there is nothing, whatsoever, to base a stock purchase on except a charismatic CEO with a dream.
I actually bought 15M shares, but I freely admit this is pure speculation, and I may lose it all. I just don't have stars in my eyes about how the company will do. Like any other OTC stock, it can make it or not. Or exist at the bottom for years.
That does not change a single thing I said. There is no meat on this bone.
You can quit with the sticking up for a company that has no obvious business and telling us how it will be successful. THAT remains to be seen.
I'm not placing any demands on the company. I'm simply pointing out that there is absolutely NOTHING but CEO talk to base any stock purchase on.
Getting financing would be great, if there was even an inkling of what that money would be used for, and whether it was convertible debt or not.
'Liking' a charismatic CEO is not due diligence.
The company is not 2 months old. It was a private company before it went public in a reverse merger. It has only been public for about 2 months, but they have kept the details of the EXISTING (private) company complete out of sight. We don't know what they did in the past, and we don't know what they will do in the future. Like it or not, those are the facts.
There are only three choices - bump along the bottom, as it is now, take off and become profitable (from some as yet unannounced business plan that can actually make money) or go bankrupt.
We know there are no financials for the new public company. But GGMedia was a private company that may or may not have had revenue. The point of those of us that want to see financials is that you can't do due diligence on 'air'. There is nothing, absolutely nothing, but hype about the CEO. There is a lot of talk, and that's all. Most people want to see actual data about a company, and it is odd that they have not provided anything whatsoever about the new company.
Exactly right. That is all I have said - there is nothing solid to go on yet. Every stock purchase right now is based on hope. Period. We all hope the company does well, but that hope will not make it profitable. In fact, the company could fail to become successful, in spite of our hopes.
All I'm saying is that I'm standing pat until I see something from the company that shows it is making real progress, such as, uh, making some money. And documenting it.
I didn't say it should have revenues yet. I simply stated it is a company with no revenue. There are no financials, there is nothing to do DD on...there is only talk, and not even a hint of any actual agreement that could bring in revenue.
The point is simply that they have not disclosed ANYTHING about the 'new' company. So, every one of us is 'betting on the come', with absolutely nothing but hope to go on.
I didn't say I could not sell. I'm just not ready to. I'm giving the company time to actually start producing revenue. I'm not a day trader, I don't flip stocks. I simply buy, after sufficient DD and hold until a trigger event that causes me to sell some or all, or buy more. So far, I'm just standing pat, as I've spent all I will spend on a company with no revenue. Or contracts. Or name. Or financial reports.
It is called speculation, and it cannot be called anything else. I realize that this company, regardless of its 'potential' future, may not be able to cash in on the esports craze, and that I may lose my speculative investment entirely. That's why I stand pat for now.
No, I have simply stated that there is nothing in place yet. That is a fact. We all hope the company can become successful, but so far, there is nothing but stars in shareholders eyes.
I paid my money to see what it can do. That doesn't change the fact that there is no business yet - there is a glimmer of a business. The business will have revenue, and signed contracts, and will, hopefully, be profitable. And, by the way, it will have its own company name - not AMLH - another sign of what needs to be done.
I don't know how you say I'm knocking the stock. I am simply stating facts. Show me a contract or a revenue stream that is in place now, and I'll be happier. But, as we all know, there is nothing, not a single thing, so far. It is all based on hype, hope, and not on any kind of actual fact.
I'm not knocking the stock, it has already made me a lot of money. But to sustain that, it is going to take more than a bunch of meetings.
Well, I do have 10M shares. 15M if you count my GF's shares, which I manage.
But there is STILL no business plan, which is what I said. A business plan is written down and communicated to shareholders. We have nothing so far but smoke. That doesn't mean there won't be one, but so far, no signed contracts, no 'nuttin' that could provide some revenue.
AMLH won't support a much higher stock price without some financials to back it up. Dreams and hopes do not make successful companies, but they can make some shareholders some money anyway.
I'm up over $40K right now, if I chose to sell. Still waiting for facts, something that helps me understand that the talk is backed up with actual plans to make money.
[I see a great business plan]
You've got some damn good eyes. I have not seen even a feather on a business plan's ass.
Exactly WHERE will their revenue come from? Who are they going to sign contracts with? For how long?
All I've seen so far is a bunch of networking and some tweets. A plan requires some work, and some facts. Painfully short of those so far. There is, as far as I can tell, not even ONE single 'fact' about their business plan.
It appears that the annual report, the attorney letter, and the statement of officers are now all posted at otcmarkets.com
2016 Annual report, etc
This should, indeed, signal the end of the stop sign, I'd guess by morning, if it's automated as has been reported.
Annual report makes for some interesting reading. Lots of zeros and negative numbers.
My first amlh sell will be at $.043. My current average is at $.042, I'll sell 10% of my stock which will recover my entire investment plus a little. I'll keep the 90% to see where it goes, and invest my proceeds in the next 'amlh' type stock. (like bvtk)
My take is that this sale isn't much of a deal, just streamlining. ICLD was built by buying various companies and that means some parts aren't core to the business and should be sold off.
It is one step of becoming more efficient, working their way out of debt and becoming profitable. The real news will be the Q1 results. That will tell us how they are doing financially, which is far more important.
That's 'toe'... :)
OTCMarkets always has the last filed ss numbers. First thing I look at for any OTC stock.
Why would you think the stock structure should be restructured? As of 2016Q3 it was as follows:
Market Value1
$5,554,092
a/o Apr 25, 2017
Authorized Shares
2,500,000,000
a/o Sep 30, 2016
Outstanding Shares
1,388,522,902
a/o Sep 30, 2016
-Restricted
Not Available
-Unrestricted
Not Available
Held at DTC
Not Available
Float
806,037,946
a/o Sep 30, 2016
You can figure the restricted by subtracting the float from the OS, which is about 500,000,000. They have already stated no RS, so only the AS could be reduced, but not by much since over half the stock is already in the OS.
I'd rather they simply cleaned up previous messes and got on with making this company successful and profitable.
You are welcome to make sweeping generalizations, and if you are suspicious, I suspect you should go invest in Microsoft and leave the OTC behind. Your job as an investor is to be able to separate smoke and mirrors from facts.
Badmouthing companies and their officers is no way to make money.
AMLH was delinquent before ggmedia reverse merged with them. The report should have been filed in Feb, and should have been ready for the new company to file it.
But, the problem is probably that the older management didn't even keep track of everything, knowing they were going away. It was probably very messy, having the new accountant reviewing what the older company's dealings were in 2016Q4 and getting it all properly filed.
The current CEO couldn't even get his name as CEO at OTC until April - so quit bashing the newcomer and try bashing the company that left the mess to clean up.
Previous management did not file after Q32016, and when ggmedia came in, in March, it had to unravel whatever should have been reported and get it filed. We have been told that has been done, and a review is in progress. There is no reason to disbelieve that.
Remember, this is also a reverse merger, not just an annual report. It is a new company with an old name. The ticker will change at some point as well, but for now, it remains the older company ticker with new officers, legal and other contact information. I would expect that to take longer than the simple filing of an annual report.
You do understand that the OTC processes all the filings for over 10,000 companies, right? There are many filings, not just quarterly and annual reports. Mergers, splits, bankruptcies, change of officers, insider trading and on and on.
For those that fall delinquent, there are probably extra steps to become current. In any event, the priority at OTCMarkets is probably to prioritize those that are current.
Previous management dropped the ball, so it takes time to get back 'in play'. That's a good reason to stay current and schedule filings when due.
You do understand that you don't have to act on Clay Trader's charts, or even look at them, right? It shows up on every one of my otc's. It is simply a message to be ignored. It would not be done if it was not profitable, so SOME people look at them and change their position.
Learn to ignore Clay Trader, and advise everyone else to do the same. When everyone ignores it, it will stop.
Yes, of course they can. As long as there is no debt, because buying back shares instead of paying bills makes no sense. Reducing the AS would make sense, if the OS is small enough.
Can't really say much until we know the share structure.
It just doesn't strike me as reasonable to be buying shares back, unless it is meant solely as a way to reduce the OS.
I'm not invested yet, but I'm watching to see what happens. Ticker change, SEC filings, etc, so I can see what kind of condition they are in.
Why on earth would you say 'buy back the float?' Don't you understand that the float is the shares we own????????????????
It is very common for a private company to go public through a reverse merger - sometimes through a shell, sometimes through an active company. It means nothing except that the company becomes public without the time and expense of a regular IPO.
This one appears to be an 'empty' shell maneuver, which will get a new ticker and move forward. The old company is defunct.
At some point, the merger details should become public. AS/OS/Float, etc.
This would be called 'the bottom'. From what I can see, it is already a profitable entity, so revenue isn't even an issue. It should grow, since they were able to grow the private company that is now the primary driver.
RS has no affect on market cap. Market cap is OS X SP.
If you want to know what is filed, go to their website and read it. Or try Edgar.
After an ICLD R/S, the stock price will rise by the ratio of the split. If convertible shares are THEN diluted into the new OS, the price will surely drop. But if no dilution occurs, there is no reason for the stock price to drop except because of ignorant traders that think all reverse splits are bad and thus sell.
As I understand it, ICLD is trying to eliminate all convertible debt BEFORE the split, which would explain why they have held off so far. When the convertible debt is gone, a R/S will simply open the OS up for sales, options, etc, AND the price will rise with the split. That is a GOOD thing for shareholders, and is a necessity if the employees' options are to be exercised.
They only have an edge if you play their game. If you play your own game, you don't care what you pay for the stock, and you sell when you get your price. Takes a little longer, but is more profitable, because you don't get into stinker stocks and try to pick the peaks/valleys.
Daily fluctuations are meaningless to me, unless there is really good or bad news to consider.
Good to see another realist.
Regarding the stop sign, OTC markets processes 10,000 OTC companies, all of which are constantly filing, so they have a significant workload. One cannot know if the delay in this case is because of an unresolved issue or simply work load related.
What would be helpful for me is if AMLH would provide some insight into their financial condition, what their plans for the future are, and where revenues are coming from, if any. I'm not saying an SEC filing, just a CEO press release that gives some indication of the situation of this new company.
In an IPO, you get a good understanding of the company and its plans - in a reverse IPO, as in this case, it is (or can be) a complete mystery. Last year's annual report will not resolve that.
It is time for some specifics, not just speculation. Wild speculation in some cases.
It is a good question. But when a stock does go up on no news, you can expect it to come back down on no news. Some folks just play these little spikes and valleys; others understand the company and invest in what they are doing.
I'm the latter. I invest only in OTC that has a strong possibility of a 10 bagger within 52 weeks. I think GIGL could hit $1 within a year, so it's still in play. But, as time drags on, if it doesn't perform, it will go away in favor of something with more positive results.
Yes, there appears to be a ton of potential.
However, we have no clue as to whether there is any money being made. The 2016 annual report will not expose any GG Media revenue, it will only be AMLH revenue, which will be minimal due to the shenanigans they pulled before the merger.
2017Q1 won't be seen until May, and that will only expose a little of GGMedia's revenue, if any. After all, we don't know of even one red cent of revenue from ggmedia.
So, regardless of potential, it is revenue and profit that makes a company, and so far we have not seen or heard of a single penny of revenue or profit.
Connections, networking, social media and the like make no difference at all unless a company can actually make money to stay afloat. All the talk about other esports activities have no relation to AMLH unless some contract or agreement is struck with some of them. To date, there is nothing but hope/hype. I bought 10M shares to speculate with, but I recognize it could take years to build a successful company - and as a result, I will watch, and decide whether to sell at a profit and move on, or hold if things look good enough. Only time will tell - and SEC filings.
In the absence of SEC filings, we don't know the stock structure. (ss).Float is just the shares available to regular buyers, not preferred, options, etc. There can be millions of shares tied up that are not in the float.
To evaluate properly, we need the authorized shares (as), (total allowed), the outstanding shares (os) (all sold and restricted shares), and the float (the shares available for regular traders to buy/sell as part of the outstanding shares.)
The OS must always be equal to or less than the AS. Reverse stock splits force the OS back when dilution takes it past the AS. When a reverse stock split happens, the number of shares in the OS is reduced by the ratio of the split, and the price is multiplied by that ratio. Often, stock price will drop after an RS, but equally often that is caused by ignorant traders. If the RS is done to permit dilution, it is the dilution (shares traded for debt at a discount) that causes the stock price to drop, but if sellers think any RS is bad, they may sell when no dilution is intended.
When a reduction in AS occurs, no change in stock price or OS occurs, except as shareholders respond to it. Again, unsavvy traders dump stocks when they don't understand WHY things are done to the share counts. Smart investors take advantage of these opportunities.
Well, that sounds fine, but they also have revenue, and one expects some of it goes toward debt.
I don't go on assumptions, I wait for the numbers to be posted so I can see how they are handling various issues.
In this case, it is convertible debt that is most concerning. Many companies have secured debt, which is fine. If they refinance some convertible debt into secured debt, that would be great news.
Again, we have to wait for the quarterly report to see how they are handling things.
Go to otcmarkets.com, search for amlh, and read what they have to say about the stop sign.
The shares come as a dividend that was announced, and freely available to read. The announcement on the AS reduction has not been formally made, as far as I can tell. They are unrelated.