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Ask any oddsmaker - 5 FOR 1 takes $10 to $50; 5 TO 1 takes $10 to $60. I Don't what 5 X 1 means but I think it means you get 5 for the 1 you currently own. Why does it take 10 days for brokers to update accounts following a split? This is their business, they do this all day every day, they know what their doing certainly - don't they??
You're not eligible for the split shares - then "oops, you are, sorry about that, misinformed" - you will have them delivered three days ago. "Confusion, hullabaloo", I think I'd be looking for a new broker to handle my money.
I disagree. The flips and day traders will always be there but their impact will lessen as this company gains in sales, revenue and reputation - some will eventually recognize the potential and take long positions. Forget about the O/S count, it will be absorbed, this is a HUGE market with gov't solicitation ("green the world"). Other than a reverse mearger with an idle BB shell AMNE will not be moving to another level without going through the hoops, however this could be expediated with the recent tight scrutiny from FINRA. IMO.
We agree, it is a real company. However one of the severe drawbacks to developing a business, even one with the obvious potential as this one, is battling the MMs and the flippers and their efforts to manipulate the pps. The licensing, sales, marketing and distribution are one thing, and that seems to be going well, but dealing with those who come in, take a bunch and leave is a hindrance to moving forward. I believe this was pointed out by one of the company's managers awhile back as being one of their main problems. It's encouraging to note that this company has weathered their onslaught rather well - my AMNE portfolio is worth a hell of a lot more now than it was when I first bought in back in February and I believe it will continue to grow, especially with good news, which I fully expect to come. With that news AMNE will begin to shed the in and out traders and will become recognized as an established, viable issue that will begin to attract those in more regulated markets, many who I believe are already paying attention and waiting. Pinks are a playground for the MMs and the bashers that your link clearly speaks to - millions of shares can be bought cheaply, prices are very volitile and traders are not as sophisticated and savvy and can be easily swayed. There's a lot to like here. This, of course, is only my opinion.
You're absolutely correct Goforthebet, it's annoying as hell to have to share investments with these pompous, sanctimonious, think-they-know-it-all traders. How dare they get on a public forum and express an opinion or make an inquiry!! Who do they think they are??? If you look at the SEC link provided by poster "JT" it will clear up any misconceptions you may still have about stock splits. Have a great weekend my friend and hang on to your AMNE, there's alot to like here.
An earlier poster, yesterday or early this morning.
I understand the significance of the record date and the ex-div date, however the concern is those who claim to have bought AFTER the record date, received the split shares and had them later removed. There is certainly a protocol for dealing with splits, but this reported giving and then taking back is not normal.
I understand the significance of the record date and the ex-div date, however the concern is those who claim to have bought AFTER the record date, received the split shares and had them later removed. There is certainly a protocol for dealing with splits, but this reported giving and then taking back is not normal.
If you bought on Monday AM, you bought from somebody who owned split eligible stock on Friday PM - does this mean that the stock that you bought on Monday retains the split eligibility? I don't think so. If I am wrong, please enlighten me. That some are saying they have been awarded split stock and then have had it pulled back by their broker clearly indicates that there is confusion - who's confused? the broker? the seller? the buyer? Amne? I am not affected by this, I haven't bought or sold in several weeks, it's just that this seems a huge snafu that could severely impact a lot of people's portfolios and trading plans.
Yes, I believe the PR. You bought on Friday, you get the split. In an industry today where a RS is mis-dated from 08 to 09, same mis-dating error with the financial report issued this morning - is it really hard to believe they, the brokers and dealers, can screw up a stock split? I don't believe AMNE did anything wrong. Will not be surprised to see shares awarded through split eventually pulled back. Read all the fine print, do the fine DD, know before you buy. As for halting trading for two days - I don't think so. IMO.
You really thought trading would be halted for two trading days??? Keep pondering inwardly.
Take some time to do some DD on Pinksheets.com. Who are they? They actually take several thousand dollars to post the info on pink sheet companies!!! Where is their creditability? They're a scam servicing scams! Also this economy and all the agencies/companies - public and private - dealing with it as either participants or providers, is full of incompetent boobs who don't know there backside from a hole in the ground. Witness the fiasco over dates and PRs of this recent split, AMNE and FINRA fumbling with the split approval for over two months, the SEC and Madoff - too much is questionable in today's markets. Hell, look at some of the posts on this board! Too many people learning, maybe that's why they're pinks. That's not to say there aren't some bright people playing, I do think the people at AMNE occasionally encounter some uncharted territory along the way, but they're not fools and they learn some lessons. Hey, it's a start up company, that's expected. Hang on to your AMNE, it'll make you rich - if you've got enough. IMO
The warning from Pinksheets.com (a questionable concern) is standard on all skull and bones designations - that's investing 102 kiddie.
Rags, I know you've made a lot of money on this over the past several months, as many of us have - I too questioned this AMs PR when I read it just awhile ago. Here's my opinion; Alderman owns the patent, has licensed it to Paradigm and in turn to AMNE; Owens Corning gives Alderman some heavy credibility as a serious player, as do the other corps mentioned in the PR. I'm sure many of his works and dealings with Corning and others started as seeds too. I believe he's on the board for his obvious expertise in having traveled this road before, for his contacts - and for decoration (emeritus). Pinks are non-transparent and not held as accountable as others, this company, AMNE however, has been very up-front with info and I believe will continue to be. This is, of course, my opinion, nothing more. I'm looking for continued gains with a post split price at around .004 - .005, continued buying after the split due to the enthusiasm we are witnessing today which will be sustained by further news from the company. In the next few months, if the gov't churns out the "green everything" money they have proposed, AMNE will have a solid foundation upon which to build. In other words they will be a genuine, authentic and solid player in the insulation and other environmental issues arena and will be pursuing placement on more structured trading forums. All my opinion - of course. Hello Jon, Where you been?
Well over 200M in volume today - a great signal. This is why I play here, it's like standing at the 1/16 pole watching your horse edge to the front and draw away. God help me, i love this stuff.
When the split was originally announced in May, this took off to over .02 with record volume - with the announcement of the postponement and in the 6 or 7 weeks since, the enthusiasm has waned but the volume is up. Traders are approaching it with a little more scrutiny now. Remember, this was trading for.0038 as recently as last Friday, profit takers can still get over 20% -that, IMO, is what's happening now. We will see a move up as we get closer to the split date as potential buyers do some strong DD and we get some news. IMO the split will occurr with the PPS at between .008 - .015 at which point news will become very important. Get in, stay in and get well.
The split was not unexpected as many of us knew, however the time it took was unexpected. The positive in the time it took to approve the split is that the issue is now thoroughly vetted - should be no more surprised, except good ones. Nor was the quick move up and the fall back unexpected - there is a slew of flippers and profit takers here, many of whom will buy back at the lower prices and help to sustain the move up. And up it will go of that you can be sure. The concern now is: what will it do after the split? I suspect that it will continue to ride the enthusiasm upward for a while but it's going to take some news, as was alluded to in the latest PR, to keep pushing it along. As always, holding long. Lot to like here. IMO.
The old names are relevant only to those who were associated with the old enities and who have yet to get it out of their system that it's over and they lost. This level of trading is a crap shoot as any who have been here for a while will tell you - the odds are long but the payouts are large.
IMO the long wait for FINRA action may possibly be related to past history or to just a thorough investigation of the company, or both. It's reasonable - FINRA is new, the company is new, everybody wants to do it right. Also a long wait means it's being looked at up, down and sideways. Approval, when it comes, and it will, will be solid. Remember, gov't regulators are noted for slow.
Jon: Why would you invest in something that you are convinced is a scam? Is this a new trading strategy?
Yes, they have experience - with companies that are no longer, and the bungled div announcement and submission of insufficient split paper clearly speaks to missteps and naivte in the development of a business. Even the best make mistakes and then learn from those mistakes - these guys are not fools, they will redo and proceed. Patience. IMO
I agree. The split should never have been announced until all the ducks were lined up, write it off as excess enthusiasm or just plain naivete. You don't build a company, as these guys seem to be doing without, a few trip-ups or questionable moves.
With this "green everything" suddenly bursting in this country as it is there is likely a lot of uncharted territory being covered. I honestly believe that AMNE is very busy posturing itself to take advantage of all the environmental restrictions that are, or soon will be, mandated by gov't. The FS and PR's to shareholders are not high on the list of things to do, however I do believe that Terry et al will soon realize that open communications and transparency are vital in moving forward. News will come, perhaps in a big way, but these guys are learning as they go and from their past with RGNO. Still a lot to like here. IMO
You're correct, it is unusual, also of no great significance but curious. The chart on this I-hub site clearly shows a spike to .0063 right at the EOD Tuesday, but the close shows .0052. Probably clerical, certainly not MM's.
The chart on this site shows a .0063 close on Tuesday, not .0052.
Curious how a company, Powerhouse, that AMNE had issued a LOI to buy gets bought up by another company, Steadfast, that has ties to past players in AMNE predecessors - names like Rick P. and Norm B.- also in the same geographical vicinity of New Haven, CT. However a couple of new players have joined the cast - Gary Grey and his Infinate R - which adds legitimacy. Anybody have input?
I'm not sure if a one pink can hold another pink, I don't know if it's a problem. What's interesting however, is that both of these concerns, AMNE and Steadfast, are in the New Haven, CT area and both seem to have the same agenda. As for Banx And Green, I know it to be a bit of a scam with a past, but then AMNE has a past that is shaky. Hey, it's pink land, you have to sift through the crap.
On 1 April this year AMNE announced that they had done an LOI to acquire an organization named Powerhouse. Was that acquistion completed? What happened to Powerhouse? Anybody?
It's not news if it's five months old. The closings in Mich. were justified (identity theft), those in Brooklyn - well, you better have a good sandwich to break into that very competitive and expensive eatery market. I've been watching this for awhile, with the economy turning the corner and credit loosening a bit, this may begin to sprout. Everybody loves a new sandwich . IMO.
Much of the trading of the last few days is speculation while waiting on news, nothing more. If there is no news it could be because nothing new has developed, they really just might be waiting for paperwork to be approved - bureaucrats can take a long time with simple stuff. Like the man said - sometimes a cigar is just a cigar. Patience. IMO
As recently as six weeks ago I bought this for .0021, it's since been as high as .02 and has dropped back to as low as .0038. Keeping that in mind and it may not be such a bad buy at .006. I may flip some on down the road but I'm keeping most of this for the long run. I doubt it will see .004 or even .005 again soon but will instead move up, slowly but surely, eventually there will be a burst up. Patience, there's a lot to like here. IMO.
The upward trend can be attributed to both the anticipated split and the product. A FS always attracts investors (flippers?) but many were here long before the announcement of the split and there were big volume days before that announcement. As for post split activity, and this is my opinion only (for what it's worth I had Chocolate Candy in the Belmont), there clearly will be sell offs but I think pps will hold at or close to pre split levels for a few weeks before edging, or possibly soaring, up. There is still strong interest in this product and how it fits in with the current "green the world" movement - lot of people looking here. Also it is interesting that the intensity and level of commentary on this board have increased signaling wider interest, I'm enjoying the reading here. The charts, the candlesticks and all that - it's like a classroom here now. Lots to like here. IMO
A horse race indeed, with AMNE drawing away! I'm impressed by the number of traders paying attention here and also by the way this one seems to be shaking off resistence on the way up. This may be the run from which we never look back. Great day!
Look for an announcement of some sort after the close, split approval, increased sales, something to maintain the momentum. There will be enough of a sell off to slow it but not enough to halt it. Interesting that a number of tech chart posters are being heard from - AMNE is attracting attention from all corners. Lot to like here. IMO
Ahh, leave him alone Chief, he's earned the right. You're right Chief, this has a little something for everybody, perhaps that's it's attractiveness. Great day!!
I hear the sound of pounding hoofs!
I can read a racing form and make a case for - or against - any horse in the race. Same thing here, it's not the data but how each individual interpets it; "I like the horse, here's why, or I don't like the horse here's why". Also, if you watch the issue like a boiling pot you'll soon be round the bend into irrationality. Continuing in the racing analogy, I went to the window with this a few months ago and they're just now leaving the gate - be patient, it'll take awhile but it'll be there. IMO
Fully one third of today's volume came as "form T", same as yesterday. Apparently somebody is buying, and selling, quietly. I know there is much speculation out there as to what this means - any opinions? I'd like to hear.
What on going investigation? Be specific.
Rex: I have been around pinks long enough to fully appreciate the numbers you posted in #57820 as well as your other comments, and you're right - it is a pink. The numbers you posted and the recent activities of the company; the announced split then the pull back, the apparent dilution, etc, could lead many to say it's a "classic pink". You obviously know the drill: 90%+ of issues that act this way just roll along picking up money from optimists and dreamers then F/S, then R/S, then fall into the pink abyss only to re-emerge a couple of years later as a no asset gold mine in the Yukon. I appreciate your doubts, I have questions also, that's why we do DD. However, I believe (as in my opinion) that AMNE is not one of those 90%+ and here's why: strong knowledgeble
leadership - I know little about Mixon, however Gary Gray has been with the development and has been associated with this product for many years, he has strong incentive to succeed. Management has announced they will not do an R/S - not on a message board but through a PR. The product itself - I've read about it and found few kinks, it has also been acknowledged, if not yet approved, by the DOE. There is a network of marketing and distribution set up and working, sales and demos are underway. I have a background in the building trades and have spoken to many former colleagues and those who are aware of this product are enthusiastic about it. You may be right and this may go the way of most pinks, if so, I and all of us lose - not exactly unchartered territory for those of us who have been down here for awhile. But I don't think (my opinion again) that will happen. I have made money off of this by flipping but will stay with it for the long run, I believe - IMO - it will go in a year or two, maybe less. It's a gamble for sure, it's a pink - think of it as a slow motion horse race. As some wise old indian once said, "Youse makes youse choices, youse takes youse chances". Lot to like here. IMO
Digger - go back about 3000 posts, google "this guy", do some DD. Lot to like here. IMO.
Peach, shame on you! I know the feeling, been there with empty pockets, but not today - thought this might happen. A hiccup that got rid of some gas, the chart is turning vertical and up.