I most definitely am investing based on valuation. I don't think of investing as gambling EVER, as that would decrease my odds of making gains.

When people say things like "MYEC is the next Google" and "it wont be a penny stock for long" you need to approach the stock as if it were a small cap company, or else those become conflicting statements.

I didn't miss it. Ed had 3 billion shares, now he has 2 billion. And there are about 1 billion in the public float.

there's no doubt that MYEC is a great company. My question is related to what share prices it can sustain, and it is not intended to be negative.

For example, if this ran to .10 like some people believe it will, that would make MYEC a $300 million company. Think of how many payment processors there are. Is MYEC really worth $300 mil? Maybe...but that will have to be proven through the financials, so I resort to my first question about the audited financials.

I'll PM you a stock that I believe is more undervalued than MYEC.

I was going off of the market cap from the OTC website, which reflects yesterdays close price. There are roughly 3 billion outstanding shares so the market cap at current PPS is around $63 million. My same question applies.

I haven't made a valuation. I'm curious of the stock's true value, as that will reflect what PPS it will be able to sustain.

Intellectual property can be valuable, but less so in the world of penny stocks where there is very little investor faith and an abundance of skepticism.

I never said the company was garbage. I think MYEC is a great company, from what I can tell. I'm just questioning what the proper valuation is based on its fundamentals.

What are your thoughts?

Market cap is now around $100 million. How impressive do you think the financials will be? There's no doubt that they would have been impressive when the company was valued below $20 million, but this recent run changes things a bit.

Last reported quarter MYEC had a net income of about $554k which was impressive for a sub penny stock, but to justify a $100mm market cap, I would expect A LOT more.

Don't get me wrong, I believe in the future of MYEC and I have been here for awhile. I'm just a thorough investor, and I try to avoid investing in over-valued companies.

What are your thoughts?

Please try to remain unbiased. I'm not looking for answers from Ed Starrs fanboys. I want a real discussion.

MMs just playing the spread right now. CSTI and CDEL on both the Bid and Ask taking their easy 10% gains.

Im the 300k order at .0135, however, until people stop buying the shares in the 16s, I doubt the MMs will let it drop that low.

That recent run was fueled by chart traders, flippers, and momentum buyers. A pullback was inevitable. While some people may have been converted into longs, it would be unreasonable to expect everyone to do their DD thoroughly enough to believe in MYEC's future. Think about it, the company went up in value by almost 800% since the beginning of the run, and all they did was announce an MJ pay system that will be ready in 2 months or so. While that was a great business move, the run was fueled by hype, which isn't sustainable. Also, these new price levels don't justify the O/S count, IMO.

Personally, I believe in the future of this stock, and I will be long next time I pick up shares, but I sold into the run because it just wasn't sustainable. This went from a fundamental play to a technical play way too fast for my taste. I'm looking to buy back in once the hype is gone, as I truly believe in MYEC. Maybe I'll miss my entry, but I never chase.

Good luck to everyone. We're all just trying to make money here.

While audited financials will be good, what makes you think they will be so impressive? Keep in mind, MYEC has to justify a higher market cap now. I was in when this was sub-penny, at which time, audited financials could have been huge. Now that this stock has run on MJ news, I'm not sure the financials will hold as much weight, but we shall see.

I'm looking to re-enter below .02

Good luck. Like I keep mentioning, I think LATF has potential. We just have different trading styles.

Im watching it very closely. We are stuck in a very tight range which is good for long term traders, as it provides for some stability, but I'm here for short term gains only. If a stock doesn't move the way I want it to, I get out.

I'm a short term trader on stocks like this. I look for breakouts. These MJ stocks are too volatile for my taste, which it makes it difficult to confidently take large positions without putting my portfolio at risk. Like they say, "high risk, high reward", however, that is not my trading style.

As I mentioned in my previous post, I like the fundamentals, and I think the company has great potential, so I wish you the best of luck.

Agreed. I was happy to see that news came out, but once I read the title, I just laughed. I have nothing against this stock, and no bullish/bearish bias, but we really don't need to know about their strategic advisers. People expect more from MJ press releases

Where do you see that?

I only see 27k

I'm out for now. Bid support is great and the potential is huge, but I'm impatient. There is a lot of doubt surrounding LATF, and whether it is substantiated or not, it still has an effect on the stock price. Honestly, I was impressed by the company's fundamentals, but people raving about how this company is a "shell" is a big setback. Without the bashers, I believe this stock would have run on that last press release. That, combined with huge blocks on the ask, makes it difficult for LATF to run.

Nonetheless, the potential is still there and I wish the best to everyone still holding.

Agreed with alien on this. Think about how many stocks MMs trades each day. I would be surprised if CSTI had a loading strategy for a stock trading less than 2 million shares a day. Also, if he knew something huge that we didn't, why wouldn't he take out all of the shares on the ask? They are relatively cheap if a big spike is coming.

Personally, I think he is playing the spread. Don't forget he is also selling shares. He keeps buying shares in the 14s and 15s while people are still buying shares in the 16s and 17s. Those are some easy 10-20% gains.

I do believe that big news could be coming for AMMX, but I am waiting patiently. AMMX investor relations is very transparent. If you have questions, just ask.

Speculation of MM trading patterns is good for intraday trading, but so many people create stories to explain the patterns (I don't mean to insult anyone).

Personally, I am waiting for the .011-.0135 range before placing large orders again because I have been watching how this stock trades for a long time. I may not get filled, but that's okay. I'm happy with my position size until a new buying opportunity presents itself.

Just saw that. maybe that's why the MMs kept the price down for that long.


Tomorrow should be interesting..

Level 2 for those interested

Agreed. Plus, we already hit .0161 so we got substantially higher than that in a very short time

There definitely could be. I just don't know how many shares will be available at that price. Plus, I wanted to take out some of the MMs shares.

took out some .0135s...

The problem is a lack of hype which leads to a lack of volume. That's the point though; AMMX is not supposed to run on hype. We don't want it to. That is what makes AMMX different than most penny stocks.

We want the PPS to follow the business growth. I find that businesses like this can take time to be discovered, but once people discover them, the moves can be parabolic.

MYEC was my other main play based on fundamentals, and it was barely moving for months. In the past couple of days, it skyrocketed. Point being, that eventually people recognize a solid company. Sometimes, it just takes a single press release.

It's okay. I expect sideways action, as that is how AMMX always moves. We see a run, then we consolidate for awhile, and then we see another run on news.

Level 2 Screenshot

There is a small wall at .0145, but its the ATDF seller that has been there all week. Once he runs out of shares, I think we will have more room to move.

Honestly, I think they are buying prices even without the contract. I was on the CC and the company is in a great place. They have a lot of projects in the works right now, and all of the main players for AMMX are also big shareholders. A lot of people accepting salary in stock.

I believe in this company a lot right now. My cautiousness is only fueled by the fact that price action and a company's fundamental value are not always positively correlated and not all traders trade based on a company's market value.

I saw that. I had a bid in at .0119 and it didn't get filled when that 1,000,000 share order went through. Nonetheless, I think it is a good sign that someone bought 1,000,000 shares all at once.

Im buying in increments of 100k and consistently reevaluating my bid based on the price action

If we've learned anything from the past, we should know that days like this are meant for buying. We saw these drops all of the time when we were below a penny. People get worried and don't buy, and then chase when the momentum shifts upward.

personally, I am loading up today. I'm being cautious about it though.

Not hearing anything from the company around dividend time is not a good sign. They released their Q4 statement on the 19th, but haven't issued any PRs.

I'm out. Got tired of waiting on this to go nowhere. I wanted my dividend, but it wouldnt have affected my bottom line too much

It's weird. Every single PR makes MYEC run about 40%: no more, no less. After that, the market makers seems to step in and control the price, while allowing for mini 10% runs over the initial 40% run. Then we see a few days of consolidation in the range.

I'm out for now, but I will buy back in during the consolidation. Of course, I may be too late. Either way, good luck to everyone. Great things happening!

We don't need a board clown, but thanks.

Interesting that a second, more "hyped up" PR was released a few hours after the second...

Not the kind of move I expect from Ed, but I guess it can be a good thing.

Almost seems like someone wants to take the price down a bit..

5000 shares sold at .0124 right after the ask was hit at .0145. That's a $60 order and there are 160k more shares available at the price. If someone really wanted to sell there they could have unloaded much more. Maybe I'm just over thinking it...

Ill take advantage of it though. I have orders lined up in the 11s. We know where AMMX is headed. Don't let intraday price action scare you if you are truly long on this.

I'm open to hearing your opinions about the risk of the stock, but you are not providing much substance to back them up.

There is a fine line between bashing and doing due diligence. If you are no longer in the stock, why are you still posting here? Do you really care that much about the longs? If so, provide people with something of substance. If not, what are your motives for posting?

It's way too difficult to say right now.

IMO, we are at a pivotal point for MYEC. This is a make or break point from an investors point of view. We have to start growing exponentially (the company, not the PPS) from here in order for Ed to turn the company around. If the PPS drops significantly again, it will be bad for public sentiment.

There is only so long that investors can maintain their faith in a company. The next few months will be huge. We are already on the right track, IMO, and it is my opinion that Ed is making the changes necessary to steer MYEC in the right direction.

Until we see where MYEC goes, we can only wait and enjoy the ride. There's no need to make any predictions, as none of them will be substantiated.

I don't think Ed would sell the company until he takes it to the level he wants it to be at. After that, I have no idea.

As an entrepreneur, I understand the drive to actualize your plans. It's not about the money; it is about achieving what you set out to do. I think Ed has that drive, and wont stop until he takes MYEC where it needs to be.

(It's getting weird how much we all personify Ed, even we've all had such minimal contact with him. I admit, I am guilty of it myself.)

Touche. I think we can expect an update very shortly, but idk if it will be today. I guess we will see!

That seems to be Ed's pattern, but that may have been a long term statement.

That was a daring thing to say considering that the price has fallen from these levels before, so Ed must be very confident in MYEC's future. And, of course, he knows best about MYEC because he has the most transparency.

(duplicate)

Great sign that the bid has been higher than the last trade price for such a long time, IMO.

This shows that people don't panic when the price drops. Traders could push the price up with a single sale, but they are holding onto their shares because they know what the shares are worth.

The shares on the bid will probably get taken out at one point, but they have already been there for a half hour or so and that alone is a good sign.

Thank you for the 51s, but please give me more.