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I don't know...haven't listened to a call in a long time...see when the transcript comes out
I don't know...haven't listen to a call in a long time...see when the transcript comes out
seeking alpha will have the transcript but still to early...probably later today
seeking alpha will have the transcript but still to early...probably later today
they still make diddly on net profit
AmeraMex International Reports a 37 Percent Increase in Revenue for the Year Ended December 31, 2019
$9.5 Million in Sales for the First Quarter Ending March 31, 2020
CHICO, CA / ACCESSWIRE / March 30, 2020 / AmeraMex International, Inc. (OTCQB:AMMX), a provider of heavy equipment for logistics companies, infrastructure construction, forestryconservation and tactical military vehicles, reports results for its financial year ended December 31, 2019.
Highlights for the Year Ended December 31, 2019:
OTCQB
AmeraMex listed on the OTCQB in July 2019.
Board of Directors
Company added two new board members to broaden board expertise: Brian Hamre, who brings 22+ years of industry knowledge to the board; and Jeff Morris, who brings over 30+ years of financial services knowledge to the board.
Line of Credit
The Company secured a $6.6 million line of credit to purchase rental equipment.
Revenue Increases 37 Percent
The Company reported Revenue of approximately $13.4 million compared to Revenue of approximately $9.8 million for the year ended December 31, 2018. This is a 37 percent increase.
Gross Profit
The Company reported Gross Profit of $3.1 million compared to Gross Profit of $3.1 million for the year ended December 31, 2018. Gross Profit, as a percentage of sales, was 23 percent. The Gross Profit margins were down due to the mix of new versus refurbished equipment sold during 2019. A large order for new equipment received in 2018 was shipped during the first quarter of 2019.
Net Income
The Company reported Net Income for the year of approximately $.337 million compared to Net Income of $.886 million for the year ended December 31, 2018. The reduction of Net Income for 2019 was due in part to a onetime charge of $.567 million for the early extinguishment of debt in the second quarter of 2019. The early debt extinguishment significantly lowers interest expense for the remainder of the year and into 2020.
Balance Sheet
Total Current Assets increased $2.1 million and Total Assets increased $1.7 million over the same period in 2018. This increase was due in part to an increase in inventory of $2.2 million. Total Current Liabilities decreased $1 million due to a decrease of $.700 in Accounts Payable while Total Liabilities for the year increased $1.4 million due in part to the $6.6 million line of credit.
AmeraMex International Provides Update Regarding Coronavirus
CHICO, CA / ACCESSWIRE / March 24, 2020 / AmeraMex International, Inc. (OTCQB:AMMX), a provider of heavy equipment for logistics companies, infrastructure construction and forestry conservation, provides an update regarding the COVID-19 Coronavirus.
On Thursday, March 19, 2020, California Governor Gavin Newsom, announced a statewide "stay at home" order to prevent the further spread of COVID-19 in the state. The move, which asks all Californians to remain at home unless they have an essential reason for going out, will last until at least April 7, 2020.
AmeraMex's headquarters, outside legal counsel, and audit firm are all located in California. The disruptions in transportation, staffing, and technology systems which have occurred over the last week to both the Company and the Company's professional advisors have resulted in limited support from the Company's staff and professional advisors. This has, in turn, delayed the Company's ability to complete its audit and prepare the Annual 10-K report. The Company expects to file the Annual 10-K report no later than May 14, 2020.
CEO Lee Hamre commented, "We immediately put in to affect a number of measures to protect the health of our workforce and their families while maintaining operations to service our customers. We will remain open with a significantly reduced workforce.
"Our office and administrative staff have the capability to work from home, so we will remain in communication with customers, suppliers, employees and shareholders. Our shop will reduce the number of employees on site at any given time as we continue to refurbish and ship equipment and parts to our customers.
"The situation remains fluid and as circumstances change, we will adjust our plan accordingly while continuing to communicate our status with our customers, employees and shareholders."
AmeraMex management looks forward to communicating with their shareholders during its March 30, 2020 conference call.
I am a little more optimistic...2049
AmeraMex International Hosts 2019 Year-End Financial Conference Call
CHICO, CA / ACCESSWIRE / March 16, 2020 / AmeraMex International, Inc. (OTCQB:AMMX), a provider of heavy equipment for logistics companies, infrastructure construction, and forestry conservation, has scheduled its 2019 year-end conference call, on Monday, March 30 at 11:00 a.m. Pacific Time, 2:00 p.m. Eastern Time.
The conference call dial-in number for both U.S. and international callers is 1.201.689.8560. Please dial in to the conference center five minutes before the call begins and ask the operator for the AmeraMex conference call. An audio replay of the call will be available from March 30, 2020 at 5:00 p.m. Eastern Time until April 13, 2020 at 11:59 p.m. Eastern Time. The replay is accessible by dialing 1.412.317.6671 and entering pin number 13700456.
i bet nothing changes
it has blanks in it
100 shares is an MM
Up to 50m share buyback...that could be 1 share or 50M...
exactly...I have heard "soon" for 7 years lol
No they said UP to 50 million...That could be anything from 1 share to 50 million...
give it time
Agreed...50,000.000 shares at just .01 is $500,000 they have $132,000 cash on hand. Math dictates they don't have the means to buyback that much stock
same ol same ol
unlikely but business is business
AmeraMex International Receives Rental Agreement Totaling $600,000 Annually
CHICO, CA / ACCESSWIRE / February 11, 2020 / AmeraMex International, Inc. (OTCQB:AMMX), a provider of heavy equipment for logistics companies, infrastructure construction and forestry conservation, announced that it has received a Long Term Rental Equipment Agreement for $600,000 per year.
The Rental Agreement is for three Taylor loaded container handlers with a retail value of $1,500,000. The initial Agreement is for one year and features a rent-to-purchase option along with the ability to convert to a three-year rental agreement. Based on historical data, 95 percent of these agreements convert into a purchase agreement. The customer is a container terminal located in California.
CEO Lee Hamre commented, "We're working on some major contracts in the US and internationally and expect to have an excellent first quarter. As mentioned in our last news release, part of our team has been traveling internationally and the Company is responding to several Requests for Pricing (RFPs) for a variety of equipment and large projects. While the international market is very competitive, we have a great reputation and excellent contacts within the international marketplace. We'll keep you posted."
About AmeraMex International
never get answered
well still a penny so the pps is the only fact that matters
Titanic sank - Fact
Raise the Titanic - Fictional movie lol
Titanic sank
Thanks for a chuckle to end the day
Put that cork back in lol
0.0104 -0.0011 (-9.57%)
$160K is so low it may not mean selling lol
AmeraMex International Receives a $160,000 Equipment Order
CHICO, CA / ACCESSWIRE / January 13, 2020 / AmeraMex International, Inc. (OTCQB:AMMX), a provider of heavy equipment for logistics companies, infrastructure construction and forestry conservation, announced that it has received a $160,000 order.
The order is for a refurbished Taylor Equipment forklift and will be shipping to a steel yard in the Midwest by the end of the month.
About AmeraMex International
WHAT ABOUT IT?
MM SIGNAL 300
300 Take (or I am taking) the price down so I can load shares
lol pretty much...my only advice is flip it as many times as possible
Maybe but still...all of 2019 getting audited (Finally after years) getting off the pinks etc and all it did was lose .0060
I don't see 2020 as anything new...I see sub penny to .03 tops and flip flop all year between there
Jan 02, 2019 - 0.0160
Jan 02, 2020 - 0.0100
Down as a whole all of 2019...
2020 ???
Ooops spoke to soon...January 2nd, 2020 .0088
Starting off 2020 sub penny
It can be lose your butt or make a good living...trial and error for me for awhile but I did good this year...more than working for someone else and never left the house
Not sub penny enough...I sold 90% of what I had when it was .03 something from a pps of .005...I have very very small amount left...probably won't fool with it again unless it is .005 or less...make to much on options weekly to tie up bucks in penny stocks much
Not sure how funny it is...just a fact. 7 years and I have seen and heard everything from AMMX. From $500 Million dollar truck deals, to Military Deals, to $80 Million dollar Solar deals, $240 Million dollar Ghana Rail System deals etc etc etc...and with all that AMMX is a flippable stock but not a long term hold. Could have been bought sub penny and sold multiple times
Well given it has done this repeatedly for years I say No
Basically nothing they do matters...2019 Completed Audit...Uplist to OTCQB
Sub Penny...same as always...
Dec 27, 2018 0.0150
Dec 27, 2019 0.0085
2019 Another Banner Year LOL