is...retired
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If you go to OTCMarkets.com and search AMLH, then click through the listings (left side), you will see that there is still a lot missing. Under Financial, for example, the last entry is from 2015. I suspect OTC wants AMLH to get everything up to date before the stop drops. The simple fact that it is still up means they are not yet satisfied with what has been provided. Unless the stop drop is already scheduled, and just has not yet happened.
I'm not John Kent, but the SS is as huge as it is due to the previous company's financial shenanigans.
With an AS of 4B and an OS over 2B, there is not really much that can be done about lowering the AS unless the OS is first reduced.
The two ways to reduce an OS are with a share buyback or a reverse split. A share buyback requires cash since the company is buying its own shares back on the open market. They could also take out a non-convertible loan to buy back shares, but that's a long shot because that is generating debt to decrease the OS. Mentioned only because it is a possibility. An angel investor might provide funds for such a buyback.
After the OS is reduced sufficiently, the AS could be reduced. If the OS was down well below 1B, the AS could be reduced to 1B.
A small reverse split would be beneficial in this case, I believe. A 1 for 4 would reduce the OS by 4 to a little over 500,000,000, and the price per share would be multiplied by 4. At the same time, the AS could be reduced to 1B. Some investors hate RS because some are done to support dilution. This would not be that case, but some investors would sell anyway because they don't understand that not all reverse splits are bad. That is a buying opportunity for some of us.
At present, there are plenty of shares not sold to not force a SS change, but if uplisting is wanted, a RS is a way to get the price up where it is needed. I doubt that AMLH will get a very high stock price while the AS is 4B - there are almost 2B shares still available to be sold, so there are plenty, so the float will never be locked up, which is when you usually see the price rising.
None of this is needed before the financials are straightened out, ticker is changed, company is pink current, etc. Basics first, then restructuring may be in the cards.
Stock tickers are not necessarily globally exclusive. I know of at least one of my own stocks that has both a Nasdaq US ticker and the same ticker in the Philippines.
The right way to announce company news is with a press release. Press releases become part of the permanent record of the company.
OTC trading hours are posted at OTC. Why not read it yourself instead of asking others?
The first quarter will be almost all (old) AMLH, not GGMN. The merger didn't happen until the end of the quarter, so none of the GGMN revenue, if any, will count.
It is the NEXT quarter that will be all GGMN-Q2. That will give us our first real view into the financials of the new company.
It might mean that to you, but frag is a derogatory term as well. Military people 'frag' their hated compatriots with grenades. Very common in Vietnam war. I don't think they'd want any of that potential stain on their ticker.
How so? OS X SP = market cap. If an RS is done, the SP will go up, and the OS will go down. No change in Market cap. No change if AS is reduced either.
Insiders (directors and above) are restricted from buying shares except in the 30 day window after earnings releases or other significant events (anything that could affect the stock price). All public companies do this, and any insider trading must be reported to the SEC. Standard practice. Even the purchase of options is reported.
So, no, the insiders are not buying ICLD stock 'on the sly'.
For NYSE:
The NYSE requires that companies submit their symbol requests at least 20 days before they mail out notification to shareholders and that they list a first, second, and third choice. The exchange rarely gives a thumbs-down to the preferred option.
Other exchanges are probably similar.
Esports is exploding!
Today, I googled esports, then clicked 'news'. What an amazing revelation. It is a very explosive time.
Here is the search:
Esports News Search
Note that there are several 24 hour esports channels starting up, one even in China. That's crazy!
"Tencent to launch dedicated eSports channel ESPTV in China
Pocket Gamer.Biz-May 3, 2017
Tencent has revealed plans to launch its own TV channel in China dedicated to broadcasting eSports called ESPTV. The news was announced ...
More Than 250 Billion Esports Tweet Impressions Recorded in 2016
WWG-May 2, 2017"
I voted for GAME. GGMN just doesn't roll off the tongue very well. FRAG isn't bad, but it is somewhat limiting in scope. With pro sports leagues joining in, it is only a matter of time before other major sport teams join in too. What is common to all is GAME!
With 17M shares now, each penny rise is $170K. That is over twice what I have invested, total. My avg is up to .005 since I added 2M more this week.
To those predicting $1 by end of year...I hope you are right!!
Companies don't hold press releases up because of their stock situation. They release press releases when they are ready to be announced. All you people saying they are holding up announcements because of the stop sign simply don't get business. They don't schedule around OTC's activities.
Good companies don't release fluff press releases either, meant solely to pump up stock price.
AMLH is doing exactly as I expect - no puff pieces, and no press releases until a deal is signed, sealed, and delivered. We will see those, but speculating on their motives is just childish.
Actually, OTC is open for trading from 0600 to 1700 on trading days. Most brokers work it from 0630 to 1600. So, you can see some trades before or after official trading hours, but it is not premarket or post market at that point.
OTC does not permit trading before 0600 or after 1700.
Most stop removals do not include a merger of a private company into an empty shell that was stopped. This is about much more than simply catching up the old company's filings.
The wheels are turning, and when all the required information is provided and reviewed, the sign will drop.
I'd just ignore it for now and take advantage of these early prices. A month from now, you are unlikely to see anything under a penny ever again.
All you really need to know is that no one, and I mean no one, would short a sub penny stock. It would take over $100K just in reserve, even if you could find a brokerage to permit it.
If you have $100K to spare (reserved at your brokerage), what in hell are you doing trying to make a few hundred dollars betting on a drop in price? And if it goes up, bye-bye $100K - that's what it's for.
So, the instant someone claims they are shorting a sub-penny stock, you should use your ignore button, and people should stop responding to such nonsense.
You do know what they say about debating with an idiot....?
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Yeah, the comments on Apple were probably pretty sparse - that was 20 years before the internet...
As I posted just yesterday, if a stock goes up without a reason, it will probably come back down without a reason. It is called 'the stock market'. You can't paste a reason on every little rise and dip.
You must learn to look a little longer distance. For instance, look at the chart for the last month. Try envisioning it in another month. Then look at the day. No correlation - days are snapchats. Gone soon after taken.
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.