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AMMX worth looking at. Already up 700% since December, and news is expected early this week.
AMMX worth looking at. Already up 700% since December, and news is expected early this week.
Someone would have to be crazy to fill that
NITE is controlling the market for MYEC today, but that doesn't mean much due to lack of volume. The fact that NITE has had huge bid volumes at .0039-.0043 makes me believe some accumulation is taking place.
I think the drop on friday scared some people, because there has been no catalyst for the previous breakout run, or the recent drop.
I still believe now is a good time to accumulate, especially if we see lower 3s. We may not see a spike for awhile, but I do believe it is coming. All we need is some news. Ed Starrs has been trying to protect the privacy of MYEC and their partners, but we really need an update to provide transparency and restore investors' faith.
I already bought another 200k shares today. I may try to accumulate more under a penny, because I don't think those shares will last. I wouldn't be surprised to see a mid-day or end of the day run on AMMX. Trading was stagnant on Friday, and we saw a huge run the last half hour of trading.
Makes sense. I don't know why people would be selling right now anyway. We KNOW that news is coming, which should increase the value of shares. Now is the time to buy if you are lucky enough to get shares.
Today is a good day to load up. I would be buying a lot in the .004s if I didn't load up last week.
REASONS TO INVEST IN AMMX (COMPILED DD)
- Market Cap is only 4 million at current share prices
- AMMX is incredibly undervalued when you compare the Market Cap to the revenues, assets, and potential for growth.
- Revenue for first 3 quarters of 2013 is 3.1 million.
- Revenue in 2013 is increasing, while operating expenses are decreasing. Indicates better business practices.
- AMMX holds $1.2 million in assets
- Positive net income in 2013, compared to negative NI in 2012
- Float is only 76 Million (compared to ~479 million O/S)
- 3 month revenue is up 266%
- Gross profit margin has been increased by 55% due to a new business strategy
- Company's management has been running AMMX for over 30 years. - This is a family run business that has continued to grow, showing that management knows their industry, and knows how to scale their plans.
- $500 Million deal in the works with Ghana, Africa to rebuild the railroad system
- Investor Relations department replies to emails extremely fast. (http://www.ammx.net/contactus.htm)
- New CFO, Kevin Atkin, recently joined the team to increase efficiency with budgeting
- AMMX is utilizing an international strategy that expands their market and increases profit margins http://seekingalpha.com/user/19888401/instablog
- 700% spike in share price (considering the recent high) from the beginning of December
- We hit .011 this week (Jan 6, 2014). This should be indicative of things to come
- No short interest as of December 13, 2013
- The stock still remains undiscovered by most investors. AMMX doesn't end up on the iHub Top Boards, so their is less flipping and manipulation of the price.
- Hamre Equipment has a well designed website with online buying functionality built in http://www.hamreequipment.com/default.htm
- Company focuses on operations and increasing revenues - not pumping the stock price.
- Conference call scheduled for mid-January. Announcement expected soon
RESOURCES:
Investor Relations: http://www.ammx.net/contactus.htm
Hamre Equipment Website: http://www.hamreequipment.com/default.htm
Q3 2013 Report: http://www.otcmarkets.com/financialReportViewer?symbol=AMMX&id=113648
Hamre Equipment Facebook: https://www.facebook.com/HamreEquipment
Information on Africa Project: http://www.ghana.gov.gh/index.php/news-slider/4375-reconstruction-of-railways-to-begin-this-year-mahama
About the Company: http://www.hamreequipment.com/about.htm
Seeking Alpha Article: http://seekingalpha.com/user/19888401/instablog
IMPORTANT PRs:
(Jan 7) http://www.marketwired.com/press-release/ameramex-international-names-kevin-atkin-its-chief-financial-officer-pinksheets-ammx-1866871.htm
(Nov 18) http://www.otcmarkets.com/stock/AMMX/news/AmeraMex-International-Reports-Third-Quarter-Revenue-of--1-4-Million-and-Gross-Profit-Margin-of-55-Percent?id=71702&b=y
(Sep 16) http://www.otcmarkets.com/stock/AMMX/news/AmeraMex-International-Acquires-Large-Container-Handlers?id=68547&b=y
(Aug 14) http://www.marketwired.com/press-release/ameramex-international-receives-23-million-equipment-order-pinksheets-ammx-1820908.htm
(Aug 12) http://www.marketwired.com/press-release/ameramex-international-reports-net-income-increased-92-percent-six-month-period-ending-pinksheets-ammx-1819924.htm
(Aug 2) http://www.marketwired.com/press-release/ameramex-international-receives-2-million-order-pinksheets-ammx-1817244.htm
(Jul 18) http://www.marketwired.com/press-release/ameramex-international-receives-400000-order-for-container-handlers-pinksheets-ammx-1812402.htm
(Jul 15) http://www.marketwired.com/press-release/AmeraMex-International-Project-in-Northern-Africa-Gains-Traction-PINKSHEETS-AMMX-1810908.htm
(Jul 9) http://www.marketwired.com/press-release/ameramex-international-provides-update-on-northern-african-project-pinksheets-ammx-1809224.htm
(Jun 13) http://www.marketwired.com/press-release/ameramex-international-inks-equipment-orders-for-258000-pinksheets-ammx-1801595.htm
Im curious to see what happens at the end of the day after the low bidders realize they cant get shares for that cheap. Let's see how high we can close today!
Let's get more eyes on AMMX!
Now that most frequent AMMX posters have loaded up at these low prices, it would be helpful to get more investors interested in this stock.
This is the same thing that happened friday. Everyone was waiting for a better price, but when they realized it wasn't going to happen, they ran the price up past in a matter of 30 minutes
Today may be one of the last days to get shares for under a penny.
I'm going to load up. I expect a run soon
We're making progress slowly but surely. The close at .0024 today was a good sign. It looks like people aren't budging on the ask (as they shouldn't)
Don't forget, financials are supposed to be filed next week on Jan 14 http://www.otcmarkets.com/financialReportViewer?symbol=SAFS&id=115135
If there are any new investors here, feel free to check out some of my earlier DD post http://investorshub.advfn.com/boards/read_msg.aspx?message_id=95376018
I'm thinking it is investors trying to load up before the news next week. They may have been watching all day hoping for lower prices, but eventually just decided to secure their positions.
They'll probably make a nice profit off of those .0043's next week.
I'm not sure why everyone is still surprised by dips. They happen all the time. This is the time to buy. I bought MYEC on the last dip to .0043 and it went up to .007 a few days later.
There's no way of knowing that. MYEC has been too volatile and random today and yesterday. It could go lower, but it could go higher. I'm fine either way. Either way, I get an opportunity to buy or sell.
Ive been waiting for a good day to load like this. I don't think these prices will last very long
Let's hold onto our shares and not budge on the ask. I know it's easy to make an intraday flip after those prices earlier today, but if we hold strong, we may be able to reach .006 today
Your best bet is to just email investor relations http://www.ammx.net/contactus.htm
They reply very fast
This, and other deals, will probably be talked about during the upcoming CC
Are you referring to this or something else? http://www.marketwired.com/press-release/ameramex-international-receives-2-million-order-pinksheets-ammx-1817244.htm
Agreed. We saw this dip yesterday too. No reason to panic. More reason to profit.
A lot of that depends on the Africa deal and any other projects that may be announced during the CC. If the Africa deal goes through, I think $1 is a potential for the long run. $1/share puts the market cap at around $500mm. Considering the Africa deal alone is worth $500mm, and AMMX has other deals, $1 would make sense.
That being said, the Africa deal is going to take some time, and the revenues generated from it will be spread out over 5 years. It would take a very long time for this stock to reach $1, so for people who like to hold stocks for a long time, that may be a realistic target.
.10 is more realistic for the short term because that puts the market cap at around $50mm which is still a bit high, but could be justified based on what projects are announced.
I would be happy with $.03-$.05/share in the upcoming months, as I believe that is a fair valuation of this company. Plus, those higher share prices could allow AMMX to lower their liabilities, which would make them even more appealing than they already are.
This truly is one of the most undervalued stocks I have seen. No one can really predict price targets with a stock as volatile as this, so don't take my numbers too seriously. However, we already saw .011 this week, which I believe to be indicative of the fact that we are about to see pennies.
For more rationale on my opinion, please see my previous post http://investorshub.advfn.com/boards/read_msg.aspx?message_id=95741423
Already did. Loaded on 5s and 4s. I want some 3s
I want another dip, so I can load up again
That was the shortest dip ever.
I cant even fathom why someone would sell at .0036
REASONS WHY I AM INVESTED IN AMMX
- Market Cap is only 4 million at current share prices
- AMMX is incredibly undervalued when you compare the Market Cap to the revenues, assets, and potential for growth.
- Revenue for first 3 quarters of 2013 is 3.1 million.
- Revenue in 2013 is increasing, while operating expenses are decreasing. Indicates better business practices.
- AMMX holds $1.2 million in assets
- Positive net income in 2013, compared to negative NI in 2012
- Float is only 76 Million (compared to ~479 million O/S)
- 3 month revenue is up 266%
- Gross profit margin has been increased by 55% due to a new business strategy
- Company's management has been running AMMX for over 30 years. - This is a family run business that has continued to grow, showing that management knows their industry, and knows how to scale their plans.
- $500 Million deal in the works with Ghana, Africa to rebuild the railroad system
- Investor Relations department replies to emails extremely fast. (http://www.ammx.net/contactus.htm)
- New CFO, Kevin Atkin, recently joined the team to increase efficiency with budgeting
- AMMX is utilizing an international strategy that expands their market and increases profit margins http://seekingalpha.com/user/19888401/instablog
- 700% spike in share price (considering the recent high) from the beginning of December
- We hit .011 this week (Jan 6, 2014). This should be indicative of things to come
- No short interest as of December 13, 2013
- The stock still remains undiscovered by most investors. AMMX doesn't end up on the iHub Top Boards, so their is less flipping and manipulation of the price.
- Hamre Equipment has a well designed website with online buying functionality built in http://www.hamreequipment.com/default.htm
- Company focuses on operations and increasing revenues - not pumping the stock price.
- Conference call scheduled for mid-January. Announcement expected soon
RESOURCES:
Investor Relations: http://www.ammx.net/contactus.htm
Hamre Equipment Website: http://www.hamreequipment.com/default.htm
Q3 2013 Report: http://www.otcmarkets.com/financialReportViewer?symbol=AMMX&id=113648
Hamre Equipment Facebook: https://www.facebook.com/HamreEquipment
Information on Africa Project: http://www.ghana.gov.gh/index.php/news-slider/4375-reconstruction-of-railways-to-begin-this-year-mahama
About the Company: http://www.hamreequipment.com/about.htm
Seeking Alpha Article: http://seekingalpha.com/user/19888401/instablog
IMPORTANT PRs:
(Jan 7) http://www.marketwired.com/press-release/ameramex-international-names-kevin-atkin-its-chief-financial-officer-pinksheets-ammx-1866871.htm
(Nov 18) http://www.otcmarkets.com/stock/AMMX/news/AmeraMex-International-Reports-Third-Quarter-Revenue-of--1-4-Million-and-Gross-Profit-Margin-of-55-Percent?id=71702&b=y
(Sep 16) http://www.otcmarkets.com/stock/AMMX/news/AmeraMex-International-Acquires-Large-Container-Handlers?id=68547&b=y
(Aug 14) http://www.marketwired.com/press-release/ameramex-international-receives-23-million-equipment-order-pinksheets-ammx-1820908.htm
(Aug 12) http://www.marketwired.com/press-release/ameramex-international-reports-net-income-increased-92-percent-six-month-period-ending-pinksheets-ammx-1819924.htm
(Aug 2) http://www.marketwired.com/press-release/ameramex-international-receives-2-million-order-pinksheets-ammx-1817244.htm
(Jul 18) http://www.marketwired.com/press-release/ameramex-international-receives-400000-order-for-container-handlers-pinksheets-ammx-1812402.htm
(Jul 15) http://www.marketwired.com/press-release/AmeraMex-International-Project-in-Northern-Africa-Gains-Traction-PINKSHEETS-AMMX-1810908.htm
(Jul 9) http://www.marketwired.com/press-release/ameramex-international-provides-update-on-northern-african-project-pinksheets-ammx-1809224.htm
(Jun 13) http://www.marketwired.com/press-release/ameramex-international-inks-equipment-orders-for-258000-pinksheets-ammx-1801595.htm
This will go higher. We are waiting on news.
It seems that a lot of the short term players on this probably left to chase the momentum on medical marijuana stocks.
The fact remains that this company has strong fundamentals. It is much different than most penny stocks.
In a way, AMMX should be treated as if it were a small cap stock.
These fluctuations shouldn't scare serious investors. Those letting shares go for cheap are taking an unnecessary loss.
We are expecting news next week, and I expect a price increase around then
Just sent you a private message
I see your point, and I completely get where you are coming from. But, I like using iHub as a place to actually discuss a company - both the good and the bad. That is why I welcome any opposing viewpoints.
Bashers and pumpers make it impossible to have a good conversation about a stock, which is annoying for serious investors. I'm all about the facts.
Smart investors won't listen to me or anyone else.
I've already doubled my money on VTMB, so there is obviously potential in the short term.
That's all.
Good luck tomorrow! I'm sure a lot of people will be seeing some great returns
Touche, but people are greedy, especially with penny stocks so a lot of people will probably hold out for much bigger gains. If you bought at .0004, I think you will be able to see gains much higher than 25%. If people are happy with their 25% gains, I will gladly pick up some dirt cheap shares.
The lack of consistent volume seems to be the main thing holding this stock back. It's not very liquid in that sense, or else I would be averaging down daily.
Nonetheless, I think we can see a bounce. We just need to break this .0022 resistance
If I were Ed, I would gladly sell for 26mil and rebuild a new, similar company. But thats not the point...
I still own some shares. And, I never chase a stock.
Take my DD how you wish. The purpose was not to offend anyone, but to educate.
A run tomorrow won't surprise me. Maintaining a new support somewhere around .002 for over a 2-4 weeks would surprise me.
It's all about your strategy. If you know you can make money on this, don't even bother wasting time replying to me. I'm commenting on the company as a whole, not the potential of a volatility play.
How do you figure most people are in the green? We are .0001 from the 52-week low (.0004) which was hit today.
You bring up a good point. I think Ed Starrs is doing a great job at not hyping up the company. Normally, a lack of press releases reflect a lack of transparency within the company, but I think Ed Starrs is just keeping some of the business silent to avoid bothering their business partners.
Investing in undervalued penny stocks is a big part of my strategy. I don't buy on hype. I buy as if I was investing in a private company, so financials, business plans, and management are key.
In that aspect, MYEC has a good management team, a solid business plan, and promising financials.
That being said, I don't think MYEC is undervalued right now, based on the market cap. While the company is in a good position, I don't think it justifies a $26 million market cap. If Ed Starrs retired a good amount of his shares, it certainly would be undervalued.
I'm continuing to increase my position, but cautiously. The "hype"I am talking about is coming from investors, not the company. MYEC keeps finding its way onto the top 10 iHub charts so there are a lot of eyes on it, and a lot of people will buy into a stock just because they see people posting good things about it (without doing their own research). That alone would be enough to push the stock price up a bit.
I was watching the Level 2 quotes and it seemed that panic selling started in the last half hour of trading today. Until then, the asks were holding strong at .0007. At one point they started dropping really fast.
Luckily, this stock is growing without hype. I believe that we all understand the true value of this company, and will watch it grow in 2014.
This is one of the only penny stock companies I have seen with such impressive financials. On top of that, the business plan is solid, the share prices are dirt cheap, and the management team has been running this company for over 3 decades!
Out of curiosity, is anyone here investing solely because of the potential 500mm Africa deal?
As I learned from Peter Leeds, "Buy the hype, sell the news"
Let's all just be careful to not get carried away by the hype. I think it will be a great year for MYEC, and I plan to continue accumulating shares. The only question for me right now is at what price will I accumulate more shares.
I picked up at .0025, .0043, and .0047. I'm skeptical of these 6s and 7s though.