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You're correct, it was 16 million shares (I rounded up) that came off restriction and that is from an old Moras post. I use his post because it seems now that you don't believe anything I say which is fine. I will state it loud and clear, I was wrong - it wasn't 20+ million shares like I remembered, it was 16 million shares.
moras Wednesday, 11/05/14 12:10:36 PM
Re: StockPrez post# 18674
Post # of 21204
Exactly. I just got an email from Danielle at Pacific Stock Transfer. Current float is 223,448,438. An increase of 15,950,000.
Short term for me is .0012+
I don't believe too much in pivot points in the OTC but with the right news and this share structure .01 is easily attainable.
Thoughts?
Hey Moras! Happy Sunday. I just happened to be online right now.
Chart is very bullish! Trading above the 50 day MA and heading toward the 200 day MA @ .0012. RSI increasing and heading into the power zone (definite upward trend). MACD diverged and is above the zero line (very bullish) and finally the CMF and A/D are positive.
The last time large proposed deals by AMMX fell through the stock went down to .002. Go read the old ihub posts. You will see posts from investors that lost a lot of money. The share structure today is much worse than it was back then. I believe history may be repeating itself so I'm bringing awareness to the shareholders so that they can make informed decisions.
You just showed up and admittingly are buying 200k blocks. Of course you are going to try and discredit me and make me look foolish. You have an investment to protect. Before you buy too much, I suggest you read over all of the PR'S and ihub posts back to 2008 to get a better idea what may be going on here.
The only thing hurting shareholders and why the SP is in decline is because of the extra shares that hit the market. No wise trader will buy a stock when VNDM keeps taking the bid. You're crazy if you think all of this is because of my input. I actually know that I've helped certain people get out before this goes sub penny to which I feel good about. Whether people listened to me or not is irrelevant to where the SP is now. The shares need to be absorbed and the lack of buying pressure creates an excessive supply. This ihub board is not the market. It's just a small bunch of people with opinions. If you would like to wish hurt on something, you might consider the person/entity who unrestricted 20+ million shares. Extra supply of shares in the market is your enemy.
Ulterior motive comes when people have a lot at stake, i.e. millions of shares or they are trying to manipulate the SP. I have nothing to lose and the main reason the SP is falling is because of the newly unrestricted shares hitting the market. The only motive I have is exposing a company that may be acting fraudulently. Shareholders do have ulterior motives and will say anything about someone who says anything negative that may impact their financial situation. All that to say that if anyone has an ulterior motive, it's the people with the shares.
I get the reasoning behind what he said.
My point is that he touted an 80 Million deal with MOU expected in 30-45 days. He said this without really knowing if they could compete competitively on this bid. The PR makes it sound as if AMMX is going to get an 80 million dollar contract.
Same is true for the Niger deal. They made it sound as if it was a done deal. Now they state that they don't even have an order until there is funding.
This share price will not go up until CANT and VNDM are finished selling their shares. Once the market absorbs those shares there could be a rebound for the SP. Depends on if the market believes in AMMX at that point or not.
If the Niger deal doesn't go through, are you going to ask AMMX for some proof that it existed in the first place or are you just going to believe that it did? They will be 0 for 5 at that point. 0 for 6 if you count the solar deal that seems to have gone away.
"In addition to the truck Agreement being submitted to the financing entities, the $80 million Memorandum of Agreement for the solar project is on track and expected within the next 30 to 45 days." - 6/3/14
And smoking Cuban cigars!!!! (trade embargo lifted)
The way it traded looked like a takedown to me but I could be wrong.
I like that group! Cheers.
Okay, amigo, I'm in!
Cool. Thanks for the heads up. SS looks good at this SP. I may be joining you today.
Moras, this looks to have potential.
I'm no longer an investor or long on anything. I just swing/scalp trade. One thing is for sure, I would not buy AMMX shares until VNDM is done. That is just foolishness. If I did happen to see a setup I like on AMMX I would probably day/swing trade it. I don't feel that any company in the OTC is worth believing in - especially if they are not fully reporting.
P.S. Yes, I know this is a complete change from 5-6 months ago but it is what it is. I hope everyone keeps their nasty comments to a minimum.
Please outline the twisted tale that I'm spinning. What have I twisted?
You sound desperate. I guess you'll make up anything to protect your investment.
When companies dilute or release shares, they usually do it through certain market makers and VNDM is one of them. These market makers need to get rid of their shares so they usually take any kind of bid support depending on what they work out with the other market makers. Obviously they try to get the best price they can for their shares. You'd have to watch Level II to get a full grasp on this. VNDM has been on the ask since the company released the 20+ million shares from restriction a while back. You probably won't move North until he finishes with his shares or good news comes out and the shares are sold by way of strong demand.
VNDM moved down to .015 so he might be striking again soon.
February will make almost 8 months since the Niger deal was announced. Does that seem like a long time to anyone else?
Or is it just me?
I hope it was insightful. It was to me when I read it.
China has already been selling trucks to Niger. China already has a big financier in EXIM bank of China. Would it be wise on the part of the Nigerien government to give Lee 10% of a deal with any of those banks? The only thing that I can think of here would be Lee giving a "reward" back to the official that allowed him to be included on the deal in the first place. Nothing else makes sense to me.
So wouldn't it still be strange that Lee has access to the Bank of Niger and the Niger government doesn't? He stated that he had the access to the financing. So who is he referring to? The Bank of Niger or the International Bank of Africa? Or is there even another bank? Do you think a 10% cut is a little much for pointing a government to it's own bank? Or am I missing something?
Here's a sobering thought:
Lee stated that the reason the Niger government is buying Chinese trucks through AmeraMex is because he has access to financing. So then you would naturally wonder who this "special financing" source is that Lee has access to that the Niger government doesn't have access to? The two translated articles state that the financing for these trucks will be coming from the International Bank of Africa. So this would indicate that Lee has better access to the International Bank of Africa than does the Niger government? Not only that, the International Bank of Africa is willing to pay Lee/AmeraMex 30 million dollars (unsecured money) just to simply match them up? After Niger requested 354 million dollars in financial assistance in 2014.
It doesn't matter what I say because I am not a shareholder? Did you really just say that?
I guess the contract is no longer 60% complete since there is no order until funding is approved. Per Lee, you might want to focus on the core business. (as stated in almost every PR)
"Shareholders are cautioned that while AmeraMex does have a signed agreement with the Niger government there is no order until the funding package is approved."
Just spoke with PST:
Your O/S is 664,890,879
Restricted as of today is: 434,622,441
I asked PST for a share update twice and they didn't send it to me. Anyone get one lately? Gagged?
Strong work. Keep digging and hopefully you will find a connection to Lee or AMMX. I would like nothing more than to put all this behind us. Cheers!
I agree. This potentially is a great find. Link AmeraMex to this financing and truck purchases and it will be huge for shareholders.
You make a good point PC. Why didn't Marty offer up this before? I have done ungodly amounts of searches to prove myself wrong about AMMX and now we have this, poof, out of nowhere. GarronSC, how did you find this? (do you speak French or Chinese?) Interesting that this shows up on a day that the AMMX SP draws close to the .01 mark. I'm not doubting you, just curious how it got on your radar!
Regarding the share price, I've been trading for quite some time and I will never buy a stock when VNDM is anywhere on the offer. For reasons like today. You saw VNDM move up to Level 1 (destroy the bid) and then jump back to the .016 area. To me this means he is not finished.
Finally, awesome DD GarronSC. I still don't see why two established banks would give Lee (AMMX) 30 million dollars (unsecured money) when it is shown that these two banks are already providing mutual financing on a water/sewage project. But, yeah, this could be the find of the year and great news for shareholders once the AmeraMex link is established.
After the people at AMMX said they would not provide any kind of evidence or proof of the Niger deal, yes, my opinion changed and I feel I became more aware of what's going on. If the company demonstrates that this is a real contract, I will apologize and go away. I would think Marty and the gang would want to do that just to get rid of me. I know she reads these posts. I do apologize to all shareholders that I'm bringing up things on this board but, honestly, I'm not the voice of the market. I'm also not the person who un-restricted 20+ million shares. These shares hitting the market combined with Niger delays from a non-fully reporting company are why you feel thrown under a bus.
Meet your new COO: Mike Maloney
http://chicopolitics.com/2014/09/29/mike-maloney-has-a-problem-with-civilian-authority/
http://www.newsreview.com/chico/hail-to-the-chief/content?oid=4587500
This one is going to go soon. They keep reducing the amount on the offer and bid is building.
James,
Stepping up from OTC Pink Limited Info (YIELD) would be a good start. Fully reporting would make them more accountable.
AMMX Finance division was sarcasm!
McCloud Communications (Marty) moved from Orange County to Palm Springs, CA. Their business license is suspended and has been for quite some time. This tells me they do not generate revenues which basically tells me that AmeraMex does not have an IR/PR firm. Correct me if I'm wrong. Marty is simply a shareholder giving out information at this point. FWIW, owning 20 million shares could create a bias on her part. Not willing to provide any proof of the Niger deal makes it all the more fishier.
Cheers Amigo!
Mr. Mutt, life is funny. It is beneficial to always consider both sides of the coin. I believe in the "good" American people yet I understand that there are bad ones as well (a lot of them in ruling positions that they shouldn't be in). Unfortunately, I feel that our Country sold out when they created the Federal Reserve and soon we will pay for it. I am also a Capitalist yet capitalism only works if our Constitution is held to the truest standard and everyone is basically good (selfish ambition destroys it). I believe the Free Masons sold us out to create the New World Order which has been in the works for over 60 years. You just can't explain any other way why 1% of the people own 60% of the wealth.
Anyway, AMMX is perplexing to me. I post on here, and probably will continue, because I see a situation in which I feel a lot of people can lose a lot of money and I don't like that. Nobody has to agree or disagree with me. If someone doesn't agree with me, no biggie, my voice does nothing other give people something to consider in their investment choice.
Born, I don't think I'm trying very hard by stating the facts. Just giving everyone something to think about. I believe my eyes have been opened. There are some very good people on this board and I would hate to seem them "believe" all the way back down to .002. Hopefully a few made some good decisions back when I started to disclose my findings in the .03+ range. No need to write back in fact I prefer you didn't.
Hi James,
Nice well thought out post. Much appreciated.
The difference between us is that I don't think there is even a Niger deal at all. All of the major "African deals" have been here say and a picture of Lee Hamre on a wall with an African government official doesn't mean anything. There is not one shred of evidence to prove AMMX has a signed contract with Niger. Then when the funding is "pulled", no one will ever know.
Seems odd that no word of the solar project either. No word of the military deal. Are you under the impression that AMMX is creating a finance division?
Did Marty restore her business license yet? She'll need it to run the huge campaign for AMMX when the Niger deal closes. Or maybe she's doing it for free or maybe there isn't a big campaign coming.
I would say new support level once solid bid support shows up and VNDM is gone completely. He moves around at will and usually takes any solid bid at his discretion.
Hey Mr. Mutt,
My term for AMMX is guilty until proven innocent. They chose not to allocate funds for the SEC audit which speaks volumes. Yes you can say they need funds to operate their core business, etc. but, honestly, if they were fully reporting and accountable, they would be valued much higher in my opinion. It's just to easy to make things up when you're not accountable to anyone and don't show proof of anything. There are just too many inconsistencies that give me the opinion that AMMX shareholders are being duped.
What happened to the final negotiations on the 5 Fiver Star hotels that were in final negotiations in Dec 2012?
"AmeraMex and its partners are in final negotiations with an Italian construction company to complete the construction of five five-star hotels in North Africa and are bidding on additional construction projects throughout Northern Africa. Shareholders and investors are cautioned that the negations can be lengthy and there are no guarantees that AmeraMex will be awarded the contracts."
What does AMMX know about building 5 star hotels? Why would an Italian construction company even need them when it is already factual that there are heavy equipment companies all over Africa. Please don't tell me you think it's because Lee can get the financing.
Anyway, I expect the funding for the Niger deal to be "pulled" soon. I'm not sure which next big un-confirmable contract will fill it's spot but I'm sure it'll be a doozy!
If you read the old Ihub posts, you will see that the "former investors" that you speak of lost a lot of money as AMMX descended into the .002's! They had the same conviction about AMMX that you have and back then the share structure was a lot more reasonable. Reading all the old Ihub posts about AMMX is very enlightening.
Remember, this isn't about me. This is about a company making outlandish claims that have yet come true. Keeping in mind that that they will not spend the money to become SEC compliant for some strange reason.
Hang tight - VNDM will probably get bored at .02 if someone doesn't start taking his shares soon.