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AM Oil Resources is hardly a gold mine. Check history of $MDCE (their old ticker symbol). Took it from the pennies and ran it into the ground. I don't mean to be a basher, but am just saying to be careful. Mr. Miller seems to have things straightened up now, but it wouldn't surprise me to see dilution in a capital structure like this.
good catch on the short. this could be a good opportunity for the company and for us. even if not monday, all next week should be ok. imo, we should trade sideways until news hits for this next week. it will be interesting to see what happens :D
edit: you know, their q2 financials haven't been posted yet. given they have until this tuesday to be on time. maybe their going to post merger news and financials in tandem?
i have that privilege :/
it has been updated at this time....to nothng as we don't know who owns or what kind of company this is we have our money in.
just got done speaking with Mr. Miller. He no longer owns AVOP as the deal fell apart. back to square one.
some times, raising the a/s is a condition of financing when dealing with these types of companies like am oil.
don't get discouraged, it may be a sign that something is coming. remember that miller said he wanted to work within the current (before the a/s increase) capital structure.
http://www.bullquakemarketing.com/?s=auci
possible bull rush soon :/
just a little tidbit on the new merger candidate,
with the 524864.7 tons of mineral times the worth of between 2.5 to 3.00 dollars/ton (i'll use 2.50), we get 1312161.75 - not a small amount.
and i know there was just the grid grabber last week... i don't know what they bring, i'm actually just watching this stock. but if you take just what the new company brings in, with the current o/s of 900 mil, you get a pps of about 0.0014. not impressive i know, but you can see what i'm getting at. with grid grabber, and other minerals from the new company (above was just the pegmatite), you could easily see half a penny in the short term.
new alert boys and girls, very good possibility of a ten bagger here.
getting a company up to current status and performing a reverse merger is expensive. stanz may not have realized the money involved. or maybe he's preparing a larger jump that may be taking more time and money, maybe an uplist?
hardly think this is a scam buddy.
i believe the news this week will still be on the otc website only. hopefully the week of 4.30 will be when the major announcement comes over the hot wires. possible dime right? let's hope for some life changing news ;)
even without selling shares, the possibility of this getting over a dime in less than a year without higher revenues is slim. with the currently stated 1.5 mil in revenues, that can put us to about 0.0425. but of course, even my estimation comes from higher volume and many many people jumping on board. but of course, that's the short term goal (short meaning less than one year) i've personally set, in my opinion.
without knowing exactly what amero is all about and where they plan to take the company makes it hard to determine if the pps could jump any higher than a nickel.
the guy you want is dr. newman
his phone number is (204)298-0853
hey guys, to answer a question why the moose's signature is still popping up, all speculation of course, i believe that moose may still be in the picture. if you remember, miller only bought the controlling interest. why moose is signing as ceo i don't know. something to ponder.
but if i'm not too far off, it sure would explain why this process has taken so long. maybe miller plans on buying the whole "shell" and don't have the all of the money at this time. if that's the case, this could take up to year to see any significant movement.
all my opinion of course.
not accurate sure, but according to the email, one could speculate 4.17 is an around about date that news should hit.
everyone is different.
the last r/m i was involved with was Double Eagles/Fuse Science. When the merger was finalized, it was still a couple months (i can't remember exactly but i know it was a few months) before the symbol changed from DEGH to DROP.
on the other hand, a stock I was watching and regretfully wasn't a participant, changed within a week. that was SHKZ and now RENU.
like i say, everyone is different.
That's the great thing about private companies, they're private. We won't know exactly until the financials are put out.
I wouldn't worry about the a/s increase.
Good to hear.... I must have missed that one.
when the process began, it was originally a reverse merger. amero was going to take full control and auctions international was going to be no more. dr. newman stated that he was not aware of the high costs and decided to take the cheaper route by keeping auctions international and making amero apart of this company. however, while this may have been the cheaper route, the time involved to get auctions international to a fully reporting company and meet requirements to uplist have been the kicker.
a few months after february 2011, they did a complete about face and proceeded with a (regular) merger. although this may sound that they don't know what they're doing, and you may be right. but now, that portion is soon to be behind us. and during this whole process i've learned one very important fact; when dr. newman and company realized that this was going to be an expensive venture, he did not dilute, he changed direction. with that said, i have complete faith in the man. he did raise the a/s to 2 billion shares, but he also stated that he didn't want amero to own more than 10% of the company.
good investment here, but i would also like to know post-merger plans. i'm sure a r/s isn't in the very near future, but nothing has been said.
edit: for the person that corrected me (in pm), thanks. but maybe if you read my message is well as the company's ss, then you would know i'm not scaring people off, i'm trying to encourage people to take a better look at an up and coming company. there isn't any misleading information here, i simply stated i wanted know plans about a possible r/s. if possible at all. again, read closely.
didn't fail, i got out of this pos with a 12 dollar loss instead of sitting my money on a no bid stock! good luck to the new suckers!
was and is are two different words bud
MMTE is not on the chill list....have not been for quite some time. wasn't this issue settled quite some time ago?
short or long, money is the only reason why we're here....
gasoline won't be here for long, electric vehicles may be a poor solution to a complex problem but its definitely a move in the right direction. and with lithium demand growing as it is and the current direction of this company, your 0.0020 prediction is laughable.
Weekend Reading
http://www.environmental-expert.com/news/lack-of-expertise-blamed-for-bolivias-lithium-delays-281872
LA PAZ, BOLIVIA -- Delays in Bolivia's efforts to capitalise on its rich lithium supplies are being partly blamed on a lack of relevant scientific expertise in the country.
Strong global demand for lithium carbonate in rechargeable batteries for mobile phones and laptops has tripled its price in less than a decade to around US$6,000 per tonne.
But a pilot plant due to start producing lithium carbonate for research purposes in 2009 has been postponed until May 2012. And the first plant to industrialise lithium production — originally expected to start producing lithium batteries in 2014 — has been delayed until late 2015.
Luis Alberto Echazú, a manager at Bolivia's state-owned mining corporation, Comibol, told local media last month (17 January) that there were delays in signing contracts, as well as technical, social and environmental challenges.
But some experts also blame a lack of scientific expertise, and the slow response of universities in addressing the country's scientific needs.
Argentina, Bolivia and Chile have around 85 per cent of the world's known reserves of lithium. Bolivia has half of this, mainly at the Uyuni salt flat, but is failing to capitalise on the resource, even though the Bolivian government issued a decree in 2008 to promote the industrial exploitation of lithium.
José Bustillos, director of research and development at the National Bureau of Evaporative Resources (GNRE), told SciDev.Net that important progress has been made since then.
'GNRE was created to develop technology to obtain higher value-added elements from the Uyuni salt flat, a state-of-the-art laboratory was implemented to analyse brine and crystals, a scientific committee was formed, and a pilot plant was built for the production of lithium carbonate,' he said.
But critics point out that production has still not started, even at the pilot plant, despite the 2008 decree committing the country to producing 40 tonnes of lithium carbonate per month within 18 months.
Juan Carlos Zuleta, an independent analyst, told SciDev.Net that Bolivia lacks the scientific and technological conditions needed to industrialise lithium production.
Uyuni's climatic, geological and chemical characteristics have led to high production costs, he said. Lithium concentrations in Uyuni's brines are one-sixth of those in Chile's Atacama Desert, for example, and the Uyuni salt flat is subject to seasonal flooding.
These problems require innovative extraction processes, but Bolivia lacks experience in the exploration, extraction and processing of such minerals, according to Zuleta, who blamed the universities for failing to meet the country's scientific needs.
Pedro Crespo, deputy minister of science and technology, admitted that the dismantling of the Mining Metallurgical Institute in 1985 had led to a shortage of mining experts. 'No one has been trained,' he told SciDev.Net. He urged universities to help rebuild capacity in the mining sector.
Enrique Velazco, executive director of the INASET Foundation (Institute of Social, Economic and Technological Assistance for Industry), told SciDev.Net that Bolivia will need better technological and geopolitical strategies if it is to become an important player on the global lithium market.
'It seems that we have important deficiencies not only in qualified human resources but also in access to technology,' he said.
------------------------------
http://www.evwind.es/noticias.php?id_not=16776
Electric car depends on lithium ion bateriías. In the future electric cars is likely to work with zinc-air batteries, but today's electric vehicles need much lithium.
Chile will promote the use of lithium by special contract award in the exploration and extraction of mineral necessary for the electric car.
Framed in that purpose has scheduled the release of innovative technological projects developed in the country in relation to the strategic mineral, government sources announced.
On the so-called Special Operating Contracts for Lithium, Undersecretary of Mining, Paul Wagner, said they were aimed at enabling the exploitation of mineral in many places that "today is unable to do."
"We have lithium for 1,500 years," said Wagner. Chile leads the world lithium market with a share of 41 percent of global production.
-----------------------
this page is in German - rough translation :/
http://womblog.de/chile-regierung-plant-privatisierung-von-lithium-vorkommen
In the name of development and prosperity of the country wants the government to sell its lithium-Piñera deposits to private companies. Opponents warn of a new sale. In Chile, the debate about the future of natural resources has broken out anew. "Concertación has sold off copper and a little later the oil. Now the rights of the lithium makes it "to sell off, the economist Julian Alcayaga angry over a recent initiative by the neo-conservative Pinera administration.
Last week, announced Minister of State for Mining Pablo Wagner, the privatization of the huge lithium reserves. "On" special business contracts in the lithium reduction and recycling are the raw material for batteries in mobile phones and electric cars to international raw material and chemical multinationals are awarded. The term of the contracts will be 20 years according to official figures, per party of up to 100,000 tons of gray salt can be promoted.
This makes President Sebastián Piñera be true of campaign promises of "open markets". Lithium concessions to private companies are the "fastest and most efficient way to stimulate the industry to increase competitiveness and reduce the potential" to increase, seconded by Secretary Wagner controversial business line of the billionaire and the richest man in Chile. Today the two largest export lithium Liferanten the world, consortia Soquimich (SQL) and Sociedad Chilena del Litio (SCL) lithium worth 250 million U.S. dollars a year, which is less than one percent of the billions from the copper- business accounts. New entrants are now to stimulate competition, the ministry said. After lying dormant in Chile, Bolivia and Argentina, salt lakes of the Andean plateau a quarter of all lithium deposits in the world.
Commodity exports are the main source of income of the narrow strip of the Pacific. Therefore, lithium, such as oil and copper since the nationalization of mineral resources under the socialist Allende government a protected resource by mining law. This may not be awarded their license. The Constitution protects the natural resources from foreign and private access. In 1982, the military still had not lithium-able concession for its use in nuclear fusion reactors as a "committed". But in 1983 the mining law of the Pinochet dictatorship was a back door, by presidential decree is "case by case" to be decided, the eighth article of the junta's modified Piñera and presses on the tube. At the end of this year will be awarded the first mining license, if tender and tender evaluation are on track, says Wagner.
The lithium-business in Chile could trigger a new wave of protests. The unresolved Mapuche conflict in the south, nationwide student strike for free education for all, strikes by dock workers and "The lithium must always, always, always" remain with the government, opposition politician Alejandro Navarro said of the "Movement Towards Socialism" (MAS). Lithium could the "new copper are Chile," so his hope for future added income. These are in education, health and job creation will be invested, is the proposal of the Left politician. In the online comments Chilean media is agreement. The majority rejects the recent privatization efforts, Chile's sovereignty should not be given out of hand. "This is the next gift for the insatiable maws of the gentlemen entrepreneurs, as they slaughter a pig for us day by day" which posts a irate readers of the newspaper "Cooperative".
The anger is understandable. To this day, Chile's natural resources have helped only to a few rich. The gap between rich and poor in recent years again parted, and exposed the likes telling success story of the "paragon of Latin America" ??than like cultivated myth of modernization. On the Gini index, which measures the income distribution of the wealth of a country, Chile reaches number 14 of 134, a country like Sweden is the most equitable distribution of income ranked 134th About 2.5 million of nearly 17 million Chileans live below the poverty line, meanwhile, is not enough money to buy food. "Civil society has long been understood that the Chilean government needs more revenue," said Luis Mariano Rendón of the environmental organization Acción Ecológica.
State funds are currently invested in U.S. government bonds will be invested in the creation of a public company lithium, so his proposal. The Piñera-politics, Mariano was a "measure against the demands of civil society, the wealth to flow without the slightest benefit to the country" to other countries.
i believe there is a lot of people still in this... although one nice jump and i'm off board :/
doesn't look like the symbol change will come tomorrow
http://www.otcmarkets.com/marketActivity/symbol-changes
i hate to make excuses for the company, but
http://www.sec.gov/cgi-bin/browse-edgar?company=&match=&CIK=0001171546&filenum=&State=&Country=&SIC=&owner=exclude&Find=Find+Companies&action=getcompany
if you look the fiscal year end is 02/29......
HELP $RIGH INCREASE THEIR PROFITS!
http://www.norml.org/
doubt anyone would sell, seems like there is an MM keeping this down. of course, you might know who it is, right?
NITE, NITE gonzilee.
Of course there will be a name and symbol change, soon.
With a symbol change, there won't be a time where we aren't able trade our shares. When we had the forward split, shares are converted and that is what we had to wait on.
IMO, there won't be a run until he puts out news. Even news about the name/symbol change won't be enough to get this stock back where it needs to be. Once we see this thing reporting current and we're posting revenues, we'll see a good jump.
i won't be even until it hits $2 :/
$NCNE - up 600%
6.5 million revenues easily puts us over a penny!
$AVOP - MDCE - Medical Care Technologies, formally known as AM Oil Resources. Share price between 0.02 and 1.01. Easily hit those levels again!
$AVOP - Don't miss this one, up from a no bid stock on Tuesday and now sits at 0.0002. Ground level for easy gains this week!
I may have an overly optimistic point of view, as far as short term, but Mr. Miller has been running this company for a while now. It has been a proven company and we have a real chance at making big bucks here.
Although I do have to say that the name/symbol change may come sooner than three weeks.
$AVOP - Looking for another great week! Time to break through the 3's, with news possible 00's EOW!
$AVOP - up 100% on friday closing at HOD. Get in on the ground level on this one!
$AVOP - up 100% with low volume. Wednesday, this stock was a no bid stock. Two days later, with anticipation of news from the merging company, we now sit at 0.0002. Huge gains from here, double zeroes are almost there!
$AVOP - up 100% since my previous alert! Buys outnumber sells 3 to 1! Heavy volume sends this thing back to the double zeroes.