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Larry - go here:
https://science.osti.gov/sbir/Awards
then click on: 2022 Phase II Release 2 Awards "Sortable Spreadsheet" and see line 54.
Unfortunately, I think you need EXCEL to view...but here is the substance of line 54:
2022 II 2 DE-FOA-0002572 Energy Efficiency and Renewable Energy 17a VEHICLES Applied Minerals Inc 1200 Silver City Rd. Eureka UT 84628-0432 Wheeler, Dean STTR $1,150,000.00 Domestic Halloysite-Derived Silicon as a Low-Cost High -Performance Anode Material for Li-Ion Batteries To enable the widespread adoption of electric vehicles, the cost of lithium-ion battery electrode materials must be reduced. This proposal will enable commercial production of high-performance, low-cost battery electrode material through an innovative process derived from a unique domestic mineral resource found in Utah.
With the iron sale deal and DoE award factored in - at .0042, even with 320M-330M O/S, we are selling at a major discount to cash at the moment. More importantly, the company has bought itself time to operate and close some deals on the battery tech commercialization side…stock looking awfully cheap here IMHO.
It’s in the June 2nd 8-k:
Upon the closing of the Iron Sale Agreement and the Mill Sale Agreement (the “Asset Sale Agreements”) BMCO and BMI will pay AMI a total of $2,000,000, less a $100,000 deposit, and, in turn, AMI will (i) transfer to BMCO title to the rights of the iron oxide minerals that exist on the patented and unpatented mining claims of the Dragon Mine property, (ii) transfer to BMI the processing and related equipment needed to mill the iron oxide minerals (“Mill”), and (iii) issue to BMCO 20 million restricted shares of common stock under Rule 144. Upon the closing of the Asset Sale Agreements, the Mining Operating Agreement and the Milling Operating Agreement (the “Operating Agreements”) will become effective.
No problem. Hopefully, they PR the award this time around…
Looks like we got our $1,150,000.00 award from DOE.
https://science.osti.gov/-/media/sbir/excel/2022/2022-Phase-II-Release-2-Award-Listing.xls
Oh, silly me it defines the waivers in section (b) directly above that provision:
“The holders of the majority of the outstanding principal of the Series A Notes will agree to waive any event of default that is caused or, that could be caused, by the execution and/or the consummation of the Four Agreements or the action contemplated thereby (“Series A Waiver”). The holders of the majority of the outstanding principal of the Series 2023 Notes agree to waive any event of default that is caused or, that could be caused, by the execution and/or the consummation of the Four Agreements or the action contemplated thereby (“2023 Waivers”);”
It is a bit difficult to tell, there are several types of waivers and it doesn’t define what type this is. Also, there are many provisions in these notes and the filing is not specific at all.
A loan waiver, which is what is typically meant when taking debts/waivers in a loan setting, is when the lender voluntarily relieves a borrower of the obligation or liability to repay the rest (or part) of the loan for a lump sum payment. I doubt that full satisfaction is what is happening here.
That said, since these are debts/notes (loans) and they are making $375,000 payments for the waivers - they have to be getting some breathing room/relief, but I wouldn’t think that that means after the payment on those those particular notes would be “satisfied”. Also, the lack of use of that word (“satisfied”) probably means that the company received some relief for the payments, but not close to forgiveness/satisfaction of the debt.
The two notes are discussed in “Note 7” of the latest 10-Q. They both have been amended several times and have many provisions and pay-back schemes. - so it could mean the waiver of any number of provisions….
since the company did not further elaborate we will have to wait for the next 10-Q to know more I think. However, for those kinds of payments, hopefully, we bought ourselves some more time here…
The actual filing gives much more details than just what is in the PR: bottom line is that they removed the condition precedent that Applied Minerals eliminate the outstanding balances on the PIK notes in order to close the deal, if they do several other things (explained below).
So no elimination of debt is necessary to close the deal, but other actions are, which amounts to BMI Minerals and Applied Minerals entering into a deal where BMI takes a major interest in the future of Applied.
While the debt will remain, I think this is a positive development- more cash and new blood on the BoD…this is good news IMHO.
***************
On July 6, 2022, Applied Minerals, Inc. (“AMI”) and its directors, Brady McCasland, Inc. (“BMI”), BMI Minerals Company (“BMCO”) and the majority holders of the outstanding principal amount of AMI’s Series A Notes and Series 2023 Notes (collectively, the “PIK Notes”) entered into an agreement described below. In consideration of BMI and BMCO agreeing to amend the Iron Sale Agreement, Mill Sale Agreement, Mining Operations Agreement and Milling Operations Agreement (collectively, the “Four Agreements”), entered into among AMI, BMI and BMCO on May 31, 2022, to remove the condition precedent that AMI enter into agreements to eliminate the outstanding balances of the Series A Notes and Series 2023 Notes, the PIK Notes, AMI and its directors agreed to the following:
(a) the PIK Notes and AMI will take reasonable actions necessary to protect the interests of BMI and BMCO as described in the Four Agreements, including (i) providing reasonable assurances in writing to BMI and BMCO that in the event of a future bankruptcy or other legal proceeding against AMI, neither the PIK Notes nor AMI will take any position or action that adversely affects or could adversely affect the interests of BMI and/or BMCO as described in the Four Agreements, and (ii) not opposing, or taking any action contrary to, any position taken by others that serves to protect the interests of BMI and BMCO as described in the Four Agreements;
(b) the PIK Notes will execute and deliver to BMI and BMCO a document prepared by the legal counsel of BMI and BMCO that is consistent with Section (a). Up to a total of $20,000 of legal costs incurred by BMI and BMCO to have such document prepared shall be deducted from the remaining purchase price to be paid by BMI and BMCO under the Four Agreements. The holders of the majority of the outstanding principal of the Series A Notes will agree to waive any event of default that is caused or, that could be caused, by the execution and/or the consummation of the Four Agreements or the action contemplated thereby (“Series A Waiver”). The holders of the majority of the outstanding principal of the Series 2023 Notes agree to waive any event of default that is caused or, that could be caused, by the execution and/or the consummation of the Four Agreements or the action contemplated thereby (“2023 Waivers”);
(c) Mario Concha, John Levy, Robert Betz and Geoffrey Scott, directors of AMI, have entered into a corporate resolution agreeing, upon the closing of the Four Agreements, to relinquish payment of all accrued but unpaid Board Fees and Operations Committee Fees as those terms are used in AMI’s 2021 Proxy Statement. Mr. Concha has agreed to relinquish payment of all compensation accrued but not paid during his tenure as CEO of AMI. Messrs. Concha, Levy and Betz, upon the closing of the Four Agreements, hereby resign as directors of AMI;
(d) AMI agreed to not use any proceeds received upon the closing of the Four Agreements to pay the accrued but unpaid salaries of former employees and directors of AMI;
(e) Upon the closing of the Four Agreements AMI hereby limits the maximum number of directors elected to its Board of Directors to five;
(f) Upon the closing of the Four Agreements, BMI will have the right to nominate, and the Board of Directors of AMI will use its best efforts to appoint or cause the election of a number of directors that is equal to one-third the number of directors of the Board of Directors of AMI. If the number of directors is not divisible by three (3), the number of directors nominated by BMI will be rounded up to the next whole number. Unanimous approval of the Board will be required to approve (i) the assumption by AMI of any interest bearing debt and (ii) fees paid to the directors for Board and Committee service.
(g) Upon the closing of the Four Agreement holders of a majority of the principal of the Series 2023 Notes hereby waive their rights under the 2023 Director Nomination Agreement to designate one person to be nominated for election to the Board of Directors of AMI; and
(h) Upon the closing of the Four Agreements, AMI will pay a total of $375,000 to the holders of the majority of the outstanding principal of the Series A Notes in exchange for the Series A Waiver and a total of $375,000 to the holders of the majority of the outstanding principal of the Series 2023 Notes in exchange for the Series 2023 Waiver.
You gunna share that?
Unfortunately, management is so rip-roaringly bad here that I have no faith that they are going to waive a magic wand and rid themselves of $48M in debt AND not totally screw-over current share holders. I hope I am wrong, for mine and every other shareholder’s sake, but these guys haven’t done anything to increase shareholder value in years and years….
They also have clammed up again - no tweets in a while, no PRs either - they didn’t PR this deal either - just a filing.
The only question is if this stock is just throwing good money after bad at this point or if they are going to get out of their own way and pull a rabbit out of their hats.
No matter what way this one goes (either straight down or a historic bounce) I think in the short term with the added shares and lack of info we are going lower still from these .005s. I am still wondering what those 10,000,000 shares to the “IR Firm” has bought us…guess we just don’t know, for now…
They don’t even have enough A/S to just issue shares to pay it off - if they do this it would have to be some kind of restructuring agreement of the debt with the note holders….which could be ultimately good for survival of company…the debt more manageable and an influx of cash for a product that is not the future of the company and they have been bad at monetizing in the past, could be good…
…but as I said - could be cleared up by management real easy….but I am not holding my breathe that they are going to explain further...
Yeah - would be nice if management discussed at all the content and context of the agreement; why they entered into it, what they hope to achieve, how they are going to execute….
…but no, once again we are left just guessing.
I think if they can satisfy the notes without massive further dilution this could be a reasonable deal - especially considering that i believe the future of the company is in the halloysite resources, not the iron oxide mineral rights…the latest filing didn’t have us bringing home the bacon with AMIRON either….so that kinda indicates it’s value to us…
However, that said, it would just be “normal” for management to comment on the activity and discuss the “why’s” and “how’s”…but instead, they just drop the filing. Even on Twitter they just post a link and do not say a thing about it - folks even comment “is this good or bad??” LOL -
it is just weird and awkward, but that is par for the course over here I guess…weird and awkward…
You first
They issued the 10-Q today. No real surprise (nothing we didn't already know) - revenues way down (only sold $900 worth of AMIRON, for example), exploration costs way up, net loss up, outstanding shares way up...
Page 25 in the subsequent events (Note 11) explains where the "extra" share issuance not covered in their last filing (two on 2 May 22) came from: ~9.3M shares from conversion of preferred stock...
Pages 28 and 29 are the meat of it...financials are just bad, as they have been, and they will need more money soon to keep operating...No insight on how they are going to do that, nor any indication that major deals are pending...no mention of battery technology either...
enjoy:
https://www.sec.gov/ix?doc=/Archives/edgar/data/0000008328/000157587222000465/amnl-20220331.htm
We're gunna need a lot more than this news to get this one moving again. These small orders were good to get us some attention and buying before management dumped 44M shares on the market and cut us down to new all-time lows.
Investors aren't stupid and will be hesitant to buy into small-order news on AMNL knowing what happened to the folks that did the last time.
We need some partnership news, big deals, and/or good battery news with revenue implications to get this one moving again....management was doing well this year, but pulled the rug out with gratuitous issuances immediately after the stock looked to recover a bit....
Since March 2022, the company has issued at least 44M shares of unrestricted and restricted stock, bringing the O/S total to over 260M, diluting the stock over 20% within that time frame.
I agree. The company needs to provide context and information regarding these issuances and whether or not they will continue to print off shares to fund the company.
Nothing will kill the s/p more than the prospect of never-ending dilution. Management needs to let us know what we can expect here.
Management needs to be up-front and honest in a letter to shareholders about how they are going to fund the company and what we can expect in the way of dilutive issuances in the immediate future.
One thing AMNL was successful in doing in the past was finding ways to survive without diluting the stock into oblivion. If that has changed, we need to know about it.
Also, I am 100% unsure what that issuance for the “IR Firm” has bought us - I do not see a firm doing IR for AMNL, do you?
I thought management turned a corner this year, but it seems they are still poking around in the dark. One thing is for sure, they do not understand the dynamics of having a pink-sheet traded stock and the current share price reflects that.
I agree - I bought some today in the .006s...will buy more, I think the selling is about done...for LT investors. seems like a buying opp to me.
I agree with you. I think this company is turning the corner, but it has to be very careful because, like with Mr. Zs famous “we are over three years away” comment that sent us from .10 to sub penny the first time, they do not have much room for error here…
Our recent slide, IMHO, has nothing to do with anything other than the newly printed 20M in unrestricted shares that has hit the market. It is intoxicating for a company to print off shares to pay debts, especially when you have no cash, but these are the types of things that happen when you do - you give investors shares they hold on to them and wait for them to appreciate, you give debt holders shares they sell them. They don’t care about crashing the s/p and just want to convert to cash A.S.A.P.
When I said a few weeks ago before the recent run up that we were going to see “headwinds” from that issuance, this week’s action was what I was referencing…now we just have to wait it out till the selling is done…
However, I agree with you - nothing bad has happened to justify the move from the end of last week - so this is a buying opportunity for long term players for sure.
As a LT holder I hope the 20M sells off and fast and gets it over with and back into the hands of investors soon…if it tanks the stock price more, OK, because it isn’t falling on any real news or problems with the company…so I will gladly be purchasing those shares as well.
However, management must learn from this, and not issue unrestricted shares to pay debts - toxic financing will kill the s/p and kill the company’s ability to use shares for future financing as well…if you have to issue shares issue restricted ones and keep unrestricted issuances to very small issuances (certainly not in amounts greater than 10% of the O/S amount at the time)….
however, that said - I get it, you need cash you have none, and shares are your only commodity- it is a tough position to be in - that is why it is so important to partner with a much larger established giant for the battery tech and get them to fund this effort in exchange for royalties, guarantees, etc., - keep the company alive long enough to see this project out to turn it around, that’s the goal.
I know management is working on that along with the DoE angle as well - I really think the tech is promising and will ultimately save this company- they just have to be careful in getting us there - it does appear the company is a bit ignorant of how the investment community on the OC works, but hopefully this IR firm can help them with that….hopefully, that kicks in as well in the near term and we get past these recent issuances and start building back the s/p…right now we are in prime accumulation mode again.
This is a good point for sure, but I think the company’s “projections” get “lost in the sauce” because of how they present them in the PRs.
Perhaps talk of the potential market would help the company explain?, just for example, companies often say “it is anticipated that the market for {our product area} is to grow {200%} over the next 10 years to $1B annually…our product offers cost savings and potentially better results than currently available solutions…if successful, the company anticipates grabbing a significant market share and annual revenues greater than “x”…as such, if successful, we see great potential in {our solution} to increase share holder value because of {unique product info}.” Etc.
I think the current problem with AMNL is that the product being a potential game changer has gotten lost in the technical talk - the investment community needs projections they can back into - i.e “ ah, so the potential market is huge and we might grab that market and revenues would be huge and our m/c is only like $2.5M, wow, that is some huge potential value…”
If AMNL has failed in messaging so far in the new wave of info it has been in explaining how financially advantageous the long term goals of the solution could be for the company in easy $$ projection terms for the investment community.
However, that said, that would be the only area of improvement in a vastly improved communication mode the company is currently in.
While I agree that it is true that dilution is a problem if it continues - it is important to differentiate between restricted share issuance and unrestricted share issuance -
Also while March was a dilutive month, February and April do not appear to be such - so, it is important to view the O/S on a whole month v month than just one month out of a whole 12 month filing.
I agree, that if management continues to print-off shares month after month - we won’t go anywhere, however, that does not yet seem to be the case as what is happening…
Bottom line is that the 20M in unrestricted, there was not much they could do about if you read the explanation - and the other issuances are restrictive (which isn’t ideal) but does show some level of understanding on the part of management to hold-back the free shares on the market.
The stock still has a relatively low float and should trade higher with the right news and if management just keeping us informed as items develop - JMHO.
My only concern about the issuances at this point is what we are getting for the 10M in restricted to the “IR Firm” - maybe that deal isn’t going to kick in until some later expected news event or something, but if not, I don’t see much IR action in the last month and the CEO is still listed as the IR POC.
Also, the filing was very light on details surrounding the reasoning on “why now” with the IR firm - hopefully, it is because we are on the cusp of some exciting developments and management is thinking ahead and wants to be ready to spread the word and answer questions when that news hits - not sure, but there could be a method to the madness which could lead to a much higher s/p despite the extra restricted shares…
We don't need pump news - we need legitimate real information about company events as they happen (which they have been pretty good with over the last couple of months).
This isn't a P&D stock, we don't need to pump anything here - the facts are good enough for multiples here.
With the financial situation at the company - they sure better get a lot of value for those shares to rationalize the issuance/expense - so far we have seen nothing to indicate such value - I can think of a lot of better ways to spend +$100k for the company right now to secure LT shareholder value…
The only thing I have noticed is bot-posts on Twitter, I hope there is more to the agreement than that.
If anyone has seen something more, let us know - latest PR still lists CEO as IR POC.
Yeah - well hopefully for the $100k or so they do more than just bot-spam Twitter…be interested in seeing what that deal entails/provides….
Page 54 EOM
Read through entire 10k -
Most interesting recent events explained in “note 16” - explains the recent restricted and unrestricted share issuances.
Also - Apparently we have a new IR firm - interested to see where that all takes us…
Hey Jim - wouldn’t be surprised if it wasn’t one of the larger recently issued share holders selling - they aren’t really investors and just want cash conversion - they should be done soon - the absence of those head-winds and/or news should send us over .05 next. JMHO
Very nice movement today, good volume, and a continued trek upwards to .015.
We will bust out much higher IMO on news, or sustained interest once larger seller is done with his 250,000 share blocks.
Appears the increase was in 4.4M of restricted shares not unrestricted shares. So it shouldn’t impact the run at this point at least.
The most up-to-date share structure information can always be found at:
OTCMARKETS.COM
AMNL's Page: https://www.otcmarkets.com/stock/AMNL/security
Much better to rely on these folks than some anonymous guy on a MB...especially one who can't figure out how to make money on a stock that has had a greater than 100% rise in less than three weeks...
Yes, another positive day - this is the way to do it, sustainable step-ups session-by-session. Company is keeping us informed and the share price has reacted nicely. We have nearly doubled off the lows since they started engaging back with the public releases; just a few weeks ago.
We still have a ways to go as our M/C is still only $2.7M; so exciting times for sure.
I look forward to more news out of the company and for us to build off these levels.
No problem, done. Hopefully that deal is the first of many this year.
Applied Minerals Receives $270,000 Purchase Order for Its DRAGONITE Halloysite Clay for Oilfield Application
https://www.accesswire.com/694126/Applied-Minerals-Receives-Purchase-Order-for-Its-DRAGONITE-Halloysite-Clay-for-Oilfield-Application
Thanks. I am good - hope you are too.
I don’t mind applying for mod - I think I was the mod years ago, but until very recently, there was little action on this board - it is good to see some interest now.
Brokerage accounts are usually behind the times on O/S. See:
https://www.otcmarkets.com/stock/AMNL/security
These usually update daily.
Outstanding Shares = 248,112,316
Restricted = 64,944,704
Unrestricted = 183,167,612
03/31/2022
hummm....up to about 250M shares outstanding now...pretty sizable jump if you take March as a whole.
As I said previously, we should see much higher levels than this "if they don't dilute us to oblivion in the meantime". The added shares are going to cause us head-winds for sure. I hope they are done for a bit.
Hey Salty, no problem at all. Only problem is that I have some background in this area and: “The reason why the company did not disclose this information because there is a business partner who's consent is needed.” is a total 100% bs cop-out by management.
I won’t get into all the ways you can make a PR on a subject without disclosing a BP, or issue a PR “around” a confidentiality agreement etc…but let’s just say there are many ways for management to fulfill their duty to timely release material information and not violate these agreements…
AND that still doesn’t explain why no PR around the DoE award…
However, I won’t beat a dead-horse.
BUT will reiterate that management has been doing much better on all fronts as of late…they just need to learn from the mistakes that brought us back to this .0085 and a $1.7M m/c…
Hey - I am doing well, I couldn't agree more. 100%. I see our unicorn for sure.
I agree, totally, there are concept battery companies that just have better backing and better PR that aren't making a dime and are worth silly amounts in M/C compared to AMNL (Billions of $$). They just have big-backers and better partnerships, currently. Also, they are committed to the battery technology they have, do not downplay its potential, and advocate and spread its importance.
An article was written in 2018 at thestreet.com, and in it the author, Jim Collins, said that AMNL's battery tech could potentially disrupt the entire industry...calling it "a potential killer app".
Everything looked good back then, the October 4, 2017 PR about the University of Utah study was a text book lesson on how to issue a PR...how to write, talk-up, and get the market excited about something...big...the next big thing in this area.
However, almost every single thing management did from that day forward, at least publicly, has resulted in where we are now.
Make no mistake, we are at this price because of AMNL's management. They are doing, much, much, better as of very late, but they need to learn from the errors of their past.
Here is how I see why we are again at sub-penny. And why we shouldn't be (JMHO):
On October 4, 2017, they started to discuss the potential of the battery tech and noted the University of Utah study results. That, along with the PR firm really helped turn the stock around - folks know about the massive debt the company has, and lack of revenues, and saw this as a potential new source of revenues....stock spiked from around .03 to .27.
However, out of an abundance of caution, or ignorance of the market, the CEO at the time downplayed the battery angle...constantly....at every turn.
Even on the Pro-Active Investors "news cast" when asked about it, he played up the fact that they sold a couple million bucks of surface stock, and downplayed the battery angle as "something they are working on"...
Then the stock sunk back to the .10 area. Then came the kiss of death - in another Pro-Active Investors "news cast", the CEO said that the battery tech was: "at least 3 years away"....what does that tell shareholders? Nothing happening for three years, sell, buy back lower....
And that is what they did...all the way to sub-penny...
The company never seemed to get it...they tried the old-hat ways of earning revenue from the clay and all that did was get them massively in debt and with a very small share price. The only thing that was going to save the company was something new, something that can generate much more revenue, something like the battery tech...so, be honest, but play it up, not down....they never did...
Then we changed CEOs.....guy did not issue a single PR....dropped IR firm....and went silent...
Then in comes another new CEO...he issues a PR and says the battery tech is "in the very early stages"....well, what have you been doing for the last three years, then? Stock sinks some more.
BUT, then a glimmer of hope....early last year AMNL got swept-up in a larger "all-electric" market hysteria that saw a lot of companies with anything to do with electric cars, batteries, etc., go way, way up. AMNL's stock goes from about .005 - .12 in a matter of a couple of months....they issued a PR to kinda "chime in" later on, but as I said at the time, without any forward looking statements or numbers it was "a nothing burger"...
With nothing else the rest of the year we sunk and sunk and sunk...some P/D outfits grabbed it for a week or two a couple of times, but with nothing from the company, folks didn't know if the tech was abandoned, wasn't working out, or if the company was even operating....
That is why the $200,000 grant award in Summer of 2021 was so big - if they would have issued that in a PR that would have laid all that to rest and I believe, by now, the share price would be multiples higher...missed opportunity.
Recently, they have finally re-engaged the public and are finally letting us know that they are operating, making deals, and continuing the battery angle....
To me, this should, by itself...get the stock back to the .10 area over time. Now, the market stinks right now, and it isn't as good as the past few years...so maybe discount some...but it should be at least 10 times higher than it is now. Problem is, folks see how they burned past shareholders by going dark before...no one wants to be a bag holder...so it is going to take some time for them to convince folks that it isn't just one $270,000 deal, it isn't just a couple of tweets...that it isn't 2017, that this is a real workable disruptive tech that they are committed to.
If we look at revenues and debt etc., we are really in not all that different a place as in 2018, except we have a bit more shares and a much, much lower share price...AND, as you point out, we actually have a provable technology and are further along then we were back in 2017 towards commercialization.
This time, management has to inch their way back, keep closing deals, keep letting the public know they are operating, and claw its way out of this - we can't have months of silence anymore. Also, the company has to be careful..in 2020 they said they were in "early stages" they HAVE to be further along in 2022....enough with the "early stages" stuff...
To raise share price they have to get people excited about owning the stock again, not thinking they can come back years later, if at all...and certainly not worried that the company will go dark and go to zero.
They need to keep closing deals and talking about EVERY. SINGLE. ADVANCEMENT. of the battery tech, and folks will get FOMO and the share price will go back to where it should be....then actually produce something, partner with some major players, etc., and all bets are off.
I think they can do it....and that is why I am here buying all I can in the sub-pennies...again.
We hit .27 in March 2018. The 10-Q from June 2018 has the share count at 162M at the time.
So, doing simple math, that would be a $44M M/C or a share price of ~.19 in today's ratio. (~230M)
We are much further along than we were back then on some fronts (battery), and really not bad in so far as revenue etc. (our revenues for the 6 months ending June 2018 was only $138,085).
So, like I said, it is tough to gauge with a company that isn't profitable, but we should really be at many times the current share price - IMHO - right now.
Plus if some more deals, and/or advancements on the battery front, that ".19" high should be blown away, even with the increased shares outstanding.
It will take a bit, true - but one PR was just an update, no numbers other than the $200k from last year mentioned - the second was a deal for $270,000….don’t get me wrong I am all for the PR - but each small deal is a step in the right direction, not a moon-shot by itself.
As far as the stock price: We were just at a low of .006 last week and falling fast - and today .009 was up and was actually hit yesterday….percentage-wise it is a very positive move in a short time and I think the volume etc., shows the tide is turning- if AMNL management stays engaged and keeps closing deals the stock price will take care of itself (if they don’t dilute us to oblivion in the meantime).
One other thing: Back when we went from like .03 to .27 we had a whole IR firm and management was very engaged with the public, it wasn’t just “pumpers”. They went radio-silent for just about 2 plus years and they need some time to make up for that.
I am encouraged by the latest stock move and think over .01 should happen relatively soon, but that is not even close to proper valuation of this company….
Management’s engagement on Twitter and with the two PRs should be commended and the latest deal is exactly they kind of deal we were begging them to disclose for the past two years. Just because we aren’t properly valued overnight does not mean we aren’t on our way.
Anything under .01 is an absolute steal, especially with management’s new investor focus, and I have a lot of this stock but will be buying more at these levels for sure.