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This is the first time that they have submitted Form 10 to the SEC. This year is different.
I’ve been in AMMX for 8 years +, lost count. Biggest event for me was Form 10 to SEC, finally we can believe their figures, which show real profits. And instead of naive hopes in Niger we have solid prospects in California. I wouldn’t be surprised by 5cents later this year, and maybe more. Something I’d welcome would be a young CEO on a modest salary, someone who can focus on professional management while Lee and his sales staff drum up business
Good spot! Form 10 submitted, great news. I assume they will issue PR tomorrow.
I’m not a chartist but yesterday’s close at .019 looked very promising to me.
I visited their HQ and the CEO in Chico a while ago, got a good solid impression.
Sensible investors buy with limit bids, however great they think the company.
$Money: Tks for your PM, I can’t reply by PM myself. I’ve been taking more on board recently, madness not to.
What happened to the big seller at .015?
Good point! And essential first steps are SEC + uplist.
I do remember the acquisition word being mentioned before but with no details. Not sure it’s good news - could AMMX handle it and would it be good for the share price? I’d think it more plausible if Hamre were looking for someone to take him over, as retirement looms.
Thank you Plowmaster for injecting a voice of reason here.
Plowmaster: Tks for your very helpful analysis. I’ve been a shareholder for about 9 years now, and have seen the company’s management mature a lot in the last two years or so. I think 5 cents a very reasonable target for 2019, and I will be hoping for further gains after that.
I think the perennial pessimists are going to be surprised in April when the Form 10 is finally (and unexpectedly) submitted to the SEC. Then 5 cents should follow before the end of 2019.
It’s a very small company with a full-time CFO. They shouldn’t be making such a meal of this.
Africa gdp 2017: $2.17 trillion
California gdp 2017: $2.9 trillion
Hamre should focus on his home state!
Tks for yr message. I haven’t got PM myself.
Excellent news. Expect uplist by June, 5 cents SP by year end.
I’ve got a lot of shares, accumulated over the past 8 years or so, and am very patient.
Whatlam: a partial answer to your question is that in 2006 the issued shares were 262 million whereas today they are 754 million. So 20 cents then would be 6.9 cents today.
Note however that there has been no dilution for two years now and none is expected.
Traderfan: I believe there is a 1 cent bid minimum for OTCQB, but that doesn’t look like a problem these days.
....and confirmation that audited accounts have been submitted to outside legal counsel for development of Form 10 and registration statement. The new CFO delivers!
Orca, this interview seems out of date. Lee says:
“We are just about ready now to submit the audits to our lawyers for the development of the Form 10 for submission to the SEC.”
But Lee said a while ago that they had already submitted the audits to their lawyers for this purpose.
Born: I’m on the same page!
Takuri, why do you call him Sir Lee Hamre?
I first started buying AMMX nine years ago and have seen a lot of price variation. Current price is well above my average but I’m waiting for a lot more.
Bustajoy: you made a good decision.
Thank you Shermann, it’s a strong interview. I hope that we will see the forecast $15m-$20m annual sales for 2018, with a healthy net profit to boot. Then we should see a solid boom in the SP.
Thank you biglued. And for the attention of all the usual doubters, see AMMX’s announcement today (but dated 9/24/18) of continued audit progress. Sensible people are long of this very solid company.
Quite agree.
Why? In the expectation of substantial profits before Christmas 2018. You can’t time the market minute to minute.
Born/GT
I think sub-penny unlikely, and bought more shares first thing this morning at .012.
Just loaded up some more. Bargain!
I’ve been adding more at around .013. Will definitely double that money.
Ok Tks. What’s troubling is that it is a very small, simple company, with a full time CFO, but takes ages to sort its accounts out.
Did Marty tell you anything about the audit?
I’m loading up some more today.
Traders vs investors. I’m an investor.
Born: nothing bad in the CC. All is well. Some nervous nellies out there, but it’s their loss.
Nothing for long term holders to worry about here, CC did nothing to dent the excellent sales and profits picture for 2018 and beyond.