is...retired
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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.
Link to Clay Trader's videos. Check out the companies he sends the videos to - you probably don't trade any OTC he doesn't post to.
Clay Trader Tickers
He appears to be a person, but those videos are generated and sent to many boards. There's no way a single person could be that consistent in the presentation - every stock posting is identical except for the ticker name. And they are the tickers with the most eyes.
Compare the most posted boards with the ones Clay posts to, and you'll come to the same conclusion.
[smile]
Every OTC CEO says no R/S until they say R/S.
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????????????????