Well, I did say, "Or, so it seems."

It's all about dilution. The recent stock awards to the management are being sold at whatever they can get.

Or, so it seems

Only 12.5 ticks to the bottom.

Oh my!

It'okay to know now!

Is it hope? Or, delusion?

Maybe something is up, but it isn't AMCO. And never will be.

Obviously.

One needs an order for a net margin.

The question is, will it be positive or negative?

It's not the size of the order.

It's the size of the net margin!

With the gobbledegook in the press realease, or whatever it was, might indicate that the 4Q and 2015 earnings will be bad. As is should be known to be.

What company borrows $75,000 in a loan with crappy terms when they just booked millions in profit? AMCO!

Just one tidbit:

"Armco metals also made some progresses in its recycling business in 2015 by continuing to implement and develop its 'platform model'."

Oh my!

How do you say bologna in Mandarin? ???? Bóluòníya

Oh my.

"End of Story?"

Not so fast my friend.

First, the information in the 8k is very old.

The case brought by Progressive against Armco, Draco, Metawise and the chairmen was suspended because Metawise/Draco declared bankruptcy. All legal actions against M/D was suspended including one in Alabama brought by Millard Refrigerated.

The problem for Armco is that Metawise/Draco is being overseen by a trustee who is tasked with sorting out what, if anything, is left of value in M/D that can go to pay off the creditors.

Now, remember a few 10Qs ago, Armco explained that it had borrowed significant amounts of money from Metawise and paid back some of it to Draco. The trustee will be very interested in these transactions as will all of M/Ds creditors including Progressive and Millard.

There is no closed case here!

Oh my!

No friend of mine.

Oh my.

Well they sure do look like chun rén.

Here is the group at their 2015 Annual Meeting held a few weeks ago.

http://www.armcometals.com/News/Armco%202015%20Annual%20Meeting%20took%20place%20in%20Zhengzhou%20office%20on%20January%202223%202015

Hmm. An early Annual Meeting. Surely they must have discussed 4Q and 2014 annual results. Not very sharing are they.

Nothing for me to be sorry about.

Well, they really aren't. I know them very well and they are knuckleheads. Truly.

How do you say knucklehead in Mandarin? chun rén.

Gee, if the Chairman and CFO had only waited until yesterday, they could have saved $0.20 or so per share. Heck the CFO bought a number of shares for over $2.00 per share last November.

These guys are good.

Oh my.

Who is doing all of this "loading?"

Certainly not the chairmen and the "finders." The just authorized an additional 20 million shares for themselves. Surely, there should still be quite a few shares left over after they complete their wacky convertible loan deals.

Oh my.

Oh my.

Oh my.

The line between hope and delusion is a thin one.

Ah, HOPE.

That " hope and change" thing really worked well for us.

Oh my.

Only if the chairmen and the "finders" allow it.

Time has already told.

$1.50 as always.

Well, it looks like the chairmen and the "finders" have mastered the art of the "dump and pump."

Such a roller coaster AMCO is.

When will AMCO finally crash?

Yes, AMCO "reported" a profit in the 3rd quarter but still found it necessary to borrow $75,000 with one of those stock conversion loans they do all too often. It's all in the 10Q.

It may not be pinky, but AMCO sure is stinky.

Sure. Let's go with that.

The chairmen and the "finders" are overflowing with integrity.

Just think Red Gardenia.

??earning?? are a special kind of earnings. The kind that AMCO manufacturers.

Probably just the Chairmen and the "finders" accumulating in advance of their ??earnings??

Well, it looks like the chairmen and the "finders" gave it a good run but it appears to be stalled.

Remember, AMCO was trading at $3.70 when they announced the failed Draco deal last April.

Do the chairmen and the "finders" have any more tricks up their sleeves? They are quite creative, especially with the numbers.

There were 55 million or so outstanding pre reverse split. That was out of a total of 70 million or so shares authorized. But, in conjunction with the reverse split, AMCO authorized an additional 200 million shares or so, which brings the total shares authorized to 27 million or so including the 5.6 million currently outstanding.

Now, AMCO has plenty of shares available to enter into those crazy loans that get converted to shares at very low prices. Nice work if you can get it.

How do you say "dilution" in Mandarin? Xishì

Trust me, there are no earnings at AMCO.