I just listened to the replay of the CC. All sounded very positive to me, no negative surprises.

1. Sales, gross revenues and net revenues all up on last year.
2. Good prospects for core business as overall economy is very strong.
3. As for the mastication business, I wouldn’t be surprised if everyone’s attention is on fighting today’s fires rather than preventing tomorrow’s, that’s human nature. Still I would expect some good orders to come through before end 2018.
4. Audit nearly on track, I believe the new CFO is a serious person.
5. African army business less likely but would be a game-changer if it happened.

One odd remark was made: that rental profits had been greatly overstated in their 2015/6 tax returns. Maybe they will be getting a tax refund as a result?

Thank you Shermann, I quite agree with you.

ORCA: you are on the board. Don’t trash the stock.

Not long ago I put in a market order. Part of it was filled at well above the asking price at the time I placed the order.

I really believe that things are different this time. The share price supports that view.

Meeting that mid-August audit deadline would be very encouraging confirmation of a new professionalism in their senior management.

I added some more last week, am patiently waiting for the good news. As for the current decline, it’s just supply and demand. Maybe some new investors came on board recently expecting things to happen more quickly.

I am heavily invested in this company, and expect to make a very good profit in due course.

Thanks for the explanation. Keep it up.

Born: I’m fascinated by this discussion about market makers, about which I know nothing. But I do have a question: surely however they may try to manipulate the market day to day, are they not in the end dependent on real, willing, buyers and sellers? So that in the long run they cannot really influence the share price?

Quite agree Smitter. No point in reacting hour by hour. If audit/SEC/uplist is successful there will be new, professional investors who will put a rational price on these shares based on fundamentals.

Not to worry. It seems volume is usually low on down days and high on up days.

Yes the audit-SEC-uplist is a big deal for three reasons:

1. It will validate the accounts. Up to now we couldn’t be sure of the real financial position of the company.
2. Institutional investors will be able to buy the shares.
3. After so many false starts on audit over the years it will demonstrate the arrival of professional financial management at Ameramex.

The other ingredient is increasing sales, but Lee has already demonstrated professional competence there.

Don’t worry folks, just a bit of profit taking by nervous nellies.

As I understood Lee’s remark, the Nigerian delegation will actually be visiting Oshkosh in Wisconsin, where presumably the military vehicles are stored. AMMX are Oshkosh’s agents for Nigerian sales.

They will have $10m of rentable vehicles, not rental income.

30 followers on Twitter, an all-time high.

It’s official. My GTC order to sell 10000 shares at .03 just went through. Next stop .04.

Tks Smitter, great interview, fully supports further rally in share price. The big unknown is the potential Nigerian military business, which looks more likely than AMMX’s previous hopes in Africa. If they actually win a Nigerian military order, the sky’s the limit.

Born: it’s true that Lee kept the company going through a difficult time, and has learned how to run the company in a more professional way. We are all grateful for that and for the opportunity to make some money ourselves. Good job Lee!

However don’t forget that when the SP was at about .003 he took about 150million shares in lieu of repayment of a loan to the company of about $500k. I think I remember those figures about right. So he has profited very handsomely.

I first bought AMMX in 2009. Have had to sell a few on the way to meet expenses but am near my max holding at the moment and with no plans to sell. AMMX have over-promised and under-delivered many times in the past, but they seem to have grown up over the past couple of years, and prospects look better than ever. However they do need to keep the good news coming so that the rising SP is based on fundamentals not fluff.

Tks Zig zag, made my day!

Another point about this event: the logistics would have been very demanding. It’s a tribute to Ameramex’s operational competence that they were able to bring it off. And this success will give them the confidence to organize more of the same.

Healthier not to be vertical.

Floored: thanks, I appreciate your updates.

I went to Chico a few years back to have a look and to meet Lee. They are solid.

It was the part time cfo that was holding things back.

I’ve been holding a big position in AMMX for seven years, up over 100% now after being down a lot at various times. Needs to go up MUCH higher before I’m tempted to sell any.

Smitter: thank you for your constructive and encouraging posts. I am a very long term holder and am expecting much higher share prices in due course. Not in a hurry!

Another sign of progress: Ameramex now has 27 followers on Twitter.

Dime.....Quarter....

Technicals overbought? I wouldn’t know. But on fundamentals it’s oversold.

Totally agree. I am VERY optimistic about AMMX, and am heavily committed.

Buddy: you are right about the last two years, when things have improved very much. However as a long term investor I remember 2012 when outstanding shares were 389m. There followed four years of severe dilution, and consequent reduction of the value of my investment. I hope those days are really over.

They used to make huge share handouts to staff and creditors, resulting in serious dilution. This hasn’t happened for a couple of years, thank goodness.

Born:

I am VERY optimistic at this point:

1. All the sales news is good, with excellent growth prospects on core business.
2. The appointment of a new full-time CFO is great news, a sign of serious intent on the audit/SEC/uplist project.
3. Share price at close today was a two-year high, and I believe this to be solid and not another pump and dump scheme.

I may sell a few shares at .05 later this year but will hold on to the majority for MUCH higher prices in due course.

New CFO could be very good news. Tracie was very ineffective and also off sick a lot, poor thing.

Closed today at a one-year high.

Ref share price, my view is this:

1. Conservative: assume 2018 net profit is likely to be about $2m, and P/E of 10, then price today should be about .025.

2. Ambitious but not unlikely: assume 2018 net profit $3m, P/E of 20, then price during 2018 could reach .076.

If accounts get SEC approval and uplisting is successful, could go higher. If Menzi Muck and Oshkosh business takes off, could go much higher.

I’ve been holding a lot of these shares for about 7 years now and have seen quite a few exaggerated announcements. Last year however they started to get serious, and now I think their prospects are excellent and realistic.

It’s only 2 weeks since their last announcement, and it was a good one. Keep the faith!

AMMX represent Oshkosh in Nigeria.