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Sure thing! If anyone wants to add anything, I'm not married to it. I'll try to keep it updated as new info comes in. I'm hoping they will throw up some pics from the pending deal on their Facebook page.
Wish I had waited a day to enter! Feel my investment will pay off soon though!
Just shaking out the impatient. I do like the higher bid too. People know this is undervalued so why don't the bid setters keep walking this up...people will buy at levels much higher than this. I feel like once we have upward momo, people will rush in the buy out of fear of missing the boat on this one and drive it up more quickly. We just need a catalyst for volume! AMMX
Hey GM, I jumped in here today. Seems primed for a big run to copper land. I'm sad I didn't pull the trigger more quickly. Debated this one for two weeks, but feel confident this will pay off. INCC
Hi All! I've done a major overhaul to the ibox. It was outdated and to be honest, wasn't all that appealing. I want to make sure we hook any new investors we can. Please check it out and let me know what you think??? I tried to remove the clutter and stick to the newest information. I'm going to keep tweaking it for a little bit more, but will be finished in about an hour. Have a good night and go AMMX!
I appreciate the sentiment guys. I'm just trying to inform the investors/potential investors of the facts. I feel this company has nothing to hide and investors should feel confident in putting this in their portfolios. I'm also a moderator now! So I'll stay on top of this and make sure we have some good fresh info every once in a while. My kids have potential college/life funds growing here as well, so I'm very driven to make this pps rise!
If we ever get to $5/share, I am personally taking Lee and family out for a celebration dinner. I have my reservation set for May 2019 ;)
And I still think Lee should sell one harvester to a MJ grower soon. Then we can say AMMX is the next Mega MJ Stock! Ironically, I can actually see this happening down the road.
But we'll get there. It will just take one big story of global growth/demand for good old-fashioned trucks and construction heavy equipment, then everyone will turn their eyes toward our industry. Everything seems circular if you hold on long enough. I love the solar energy involvement coming up, but Lee should invest in Electric trucks or Fuelcell trucks. Then we would be at $50/share.
Lets get this contract inked, the audit done and the next MOA rocking! AMMX's future is very bright. Keep the uptrend in tact and slap that ASK people!!! AMMX
Here is an email -with Marty's responses- I sent a little bit ago:
Thx for the email J. Answers below.
Happy Tuesday Marty!
Question (J): The latest PR was very exciting and I'm very happy for everyone when this is completed. Oddly the market didn't react the way we all thought. I think life on the OTC is a challenging thing sometimes. I know Lee is very business focused, but I also have heard he has a general concern for the PPS as well.
With that said, will an 8-K be filed when the contract is complete? This would add validity to many sideline investors. This point was brought up today as a major concern for many eyes watching this stock.
Answer (M): When AMMX becomes a fully reporting company, the appropriate 8Ks will be filed with the SEC. We need to get a two-year audit complete and submitted to and approved by the SEC before we are considered a reporting company - public but not fully reporting.
Question (J): The audit of financials was going to commence this summer and get everything up to date with the SEC for up listing. Is that still on schedule? Could you give a more precise timeline to the start of this audit?
Answer (M): We will not begin the audit for a second time until monies are set aside to complete the audit. Initial SEC audits cost between $75,000 and $150,000 depending on the complexity of the company and ease of the audit. Obviously upon signing of a major contract, the company will have the monies to have the audit performed.
Question (J): Before Lee left for China he had mentioned an $80 million MOA that was imminent as well. Are you able to talk about what project that is for (general terms only)? Was it part of the solar project discussed previous? Any timeline updates on this project?
Answer (M): That was part of the solar project mentioned in an earlier news release. The company is waiting for the Memorandum of Agreement before making an announcement. We hope to have the MOA shortly. Once the MOA is announced, we can provide more detail about the project. This is a very competitive environment!
Question (J): Will there be a conference call anytime soon to discuss any of this with investors?
Answer (M): I'll discuss with Mr. Hamre but do not expect a conference call until the contract is signed. We can't say much more than has been disseminated in our flow of news releases.
Comment (J): I'm just trying to connect as many dots as possible to the exciting years ahead. The investors I speak with daily about AMMX have nothing but high regard and are very excited for the future. It appears AMMX is setting up to have a great run. I always appreciate any information you can divulge. Have a great afternoon! J
Comment (M): We appreciate your email and ongoing support. Marty
I'm with you! Nuts, just nuts! Although you really have to get rid of that PVE$ on the bottom of your post. I believe you meant AMMX! :)
Get'em Kahuna! Hopefully you didn't take any of that personally?! ;) lol Have a good afternoon.
Ha ha jokes on me!!! In some very solid stocks and all had great to amazing news last night and today. AND they are all down big time!!! I hate the OTC lol. I think all the big dogs took profits for the summer and headed to the Hamptons with my money. Don't worry boys, I'll be here all summer holding my bags. Apparently I need to learn to trade like a whack job to make money around here. Good times!!!
Very exciting news today, and I would expect this to get officially signed in two to three weeks...maybe less.
Also, I think what we have today is a very true following of loyal longs. However we know the impending good news and buy every dip we can. We don't have a very big following because AMMX is not sexy and not a fully reporting company. Also, the new money coming in is cautious because of what the other OTC companies bring to the table (normally nothing). I know we're all a little excited but this WILL play out in due time. We just don't have all the pieces in place yet. I for one am solid on this investment and once people see the revenues in the next few quarters we will be laughing at our concerns today. Too many good possibilities playing out in my head. Slow and steady. AMMX rules!
Mik - I will sign up for moderator once I can get to my computer. My iPhone is worthless! ;)
AMMX AMMX AMMX
Can anyone stickie the news? We can just replace it with the next update when needed, but I think this should stay near the top! Too bad they didn't include '$300 Million' in the title?!
The SEC filings will be coming to a market near you this summer. You'll see they are completing a financial audit starting in about a month. They needed money and the slower summer months to complete. I agree that this is probably dragging us down a bit. But this company has been very transparent and that's their goal to get accomplished ASAP.
Ok let's change Phenomenal with the word EPIC ;)
Remember this will unlock the financing potential for all of these projects lurking and on hold. This is going to be a Phenomenal year!!! AMMX
Marty has already confirmed to me that the funding is 'lined up'. It's just getting all the signatures at this point. We are GOLDEN!!! Wowsa! AMMX
It's good though. VTX is just showing consolidation period where intertwined. MACD is crossing over, RSI is good and BBands are nice. Come on Lee, lets hit a homerun here! We need somemore buzz around AMMX to pull in new money. AMMX
Thanks for quick relay! So excited to hear the news!!! Seems like it may hit tomorrow then. We'll see. AMMX!
Everyone is just hitting the bid, not the ask. Sometimes we're our own worst enemy with pps as people are trying to get in cheap. Obviously someone sells down there but these are flippers and profit takers. People without patience that thought this might pop big on Q1 earnings looking for a quick buck. Low volume so not of concern. Just the daily ritual around here. AMMX
Agree. I think the SEC is scaring the average trader out of MJ stocks. Without DD it's very easy to pick a fraudulent one. I believe GCBD is clean and will persevere over time.
Do we know that old TTDZ management isn't flooding the market with old shares before the ticker change?
Great call-outs Moras. I agree with this and look for continued strength whether or not we sign the Niger contract. I think AMMX offers so much more than the others in regard to underlying business already in place. The large contracts are just icing on the cake.
I must say before I found this stock, I really enjoyed my weekends. Now I really look forward to the weekdays to see what AMMX will do. It's very entertaining and you folks make it fun too. I enjoy discussing this with the great people we have here. I wish everyone luck and much fortune.
Yep, the jump was on the news of the signed contract. I'm pretty sure we won't get that news this week, probably just an update with a potential timeline for the future signing.
Yes, Marty said Lee will update us on the deal when he returns. Since he was supposed to arrive back to the US on Friday, I'm assuming we'll hear something early this week. My understanding of this process was for all parties to go to China, look at the trucks and negotiate the numbers. If all went well, the writing of the contract is next. But this will be done in two to three languages so it could take a bit. It's likely that negotiations will still be happening, but I think the MOA laid the foundation for a quick turn around. I'm hoping for news Monday as that would mean things went very well this last week. AMMX
A similar stock in KALO shot up to .45 on a $200 million contract not too long ago. It has since corrected much lower due to no other activity going on with the stock. I think this stock could go higher if volume is there. And I also think the correction should be much less with so many more contracts in the works. I think worst case is .20. This could shoot up towards a dollar as well...no one knows. All depends on new money flooding in and how much will be cashing out. .30 seems realistic but I won't be surprised if it went either side of that. Although that would just be initially. If other contracts come into play, we could see a rise in pps over time hopefully reaching $1/share in a year or two. Audits and uplisting will bring new money this summer as well.
Well it wasn't a spectacular close, but we put another notch upward on the ol' chart. Good progress and ready for a great PR next week from Lee. Everyone have a great weekend! AMMX!
And let me post this as well so everyone can understand the depth of what we are talking about here. This is from 3/22/13:
*The addition of two sales executives with extensive experience in Africa.
*The SEC audit, which is over 50 percent complete with the goal of finalizing over the next four months. The money budgeted for the completion of the audit has been channeled into the international sales efforts.
*A $7 million project with a customer in Chile. The project is on hold until the funding is complete. Management is in constant contact with the customer.
*A $4 million project with a potential new customer in Peru. The project is on hold until further notice. The company understands that funding of the project has not been budgeted or approved.
*Projects in Africa were categorized as moving forward. With new government officials in place, railroad and farming partners have been contacted to finalize agreements and move these projects to fruition. AmeraMex will receive a commission and an order for equipment pertaining to the projects. The companies are estimating 30-45 days before these projects will be finalized.
*The company is also working on projects in Niger and Algeria. The pre-construction, or bidding on individual jobs for a railway system in Algeria, expected to take place this month, has not yet begun. Management has been told that there are 15 projects, over $300 million each, and we should expect to be awarded the equipment portion of one or two of these projects during the preconstruction planning phase.
*Management recently returned from a trip to Africa pertaining to several infrastructure projects. Government agencies have told management they will have all the requested paperwork and bank guarantees in place within the next four weeks. When this is done the last step is final approval from the funding company in New York.
Remember the timelines have been elongated, but none of these are off the table. Many are on hold for 'Funding'. Funding that will be SO much easier with this Niger deal. Guys, we're sitting on a gold mine here. Lee has been putting the pieces of the puzzle together for decades and now the masterpiece is nearing completion. One big deal will unlock so many more and down the line they go. Don't worry about pops a month from now...think about 2-3 years. These are massive deals that take time, resources and luck. I have never seen a penny stock with so much potential!!! Most have one big deal and then that's it. AMMX has double digit mega deal potential in just the few next years. Sometimes people have to step back and look at the bigger picture. The world infrastructure and need for this equipment is going to spike in the next five years as well, making more mega deals a real possibility. AMMX was also looking for mergers and acquisitions a year or two back...so that may happen too. Hold on for the ride, buy now and just smile knowing your pennies will soon make you very rich. AMMX LONGER AND STRONGER!!!!!!
Moras, I like the way you rationalize things. Great posts. To add to Moras point, here is a quote from Lee a little over a year ago...
"We are currently awaiting final notification of funding approval for one of the projects located in Niger. This project is large enough to get everything in Africa kicked off. Once complete, funding for other projects will be much easier."
WHEN this deal is completed, this is the big pot win that will make bullying some medium pots AMMX's way. There's also a huge trust factor that will increase too. It seems everyone is focused on the Niger deal, and while a fantastic deal, just think of what it unlocks for the future. That's what I'm investing on, not today's worth. A smart long-term investor recognizes that and builds his case (hand) to win that pot. Very few stocks trade at current worth...they trade at possibilities for the future. Smart money says AMMX is better than most large cap stocks with potential growth. One year people, one year!
Patience everyone. AMMX will soon have its day again. Remember they were trading in the dollars for a time. Lee also has a goal/dream to ring the bell, so I think he is smartly driven to get us there. My understanding is we may surpass the income that was being generated when pps was multi-dollars...and we may do that by the end of this year if some of these deals get signed in the next quarter. I think if Lee is the business man I think he is, there is no need to worry about a r/s. I feel confident that this entire business is headed in the right direction and we will all be very happy soon enough. But I'm like most of you and want my reward now...but that's not how this will play out. I'm fine with a slow steady climb. Float is locked up and the best thing to do is spread the word and average up. Q1 was amazing and Q2 on could be ridiculous if we start pricing the new contracts into the revenue. I say give this baby one year to get its legs under it and then we can all take about next steps at our annual Vegas shareholder extravaganza! AMMX!!!
Marty got back to me and said that the financials will come out tomorrow (which we all know now per a previous post). She said due to Lee being out of the country, the approval cycle was slowed down so that's why the delay. She did also say that Lee will update us when he returns...so I don't think there will be any new updates about the China trip on the financials. But we should have it early next week from Lee in a separate PR. I think this sounds VERY promising!!! In the past if something died in the process, it was swept under the rug and not talked about. So by having an update when Lee returns, this leads me to believe we are one step closer to locking the deal down. AWESOME!!!
And sorry about the long delay for the reply, but I am cheap and used my 15 posts early today. I had to wait until my new posts renewed before I put this up. Ha ha ha. Maybe with my gains from AMMX I can buy the 'premium' ihub package. LOL
Tomorrow will be great with the financials, but next week could be epic! AMMX!
Who doesn't love looking at this thing?! It's such a beautiful chart! Why can't all stocks look like this??? :)
Also, the barchart looks pretty amazing too. Volume was great, we increased pps and news is still to come. Such a good place to be!
AMMX - AMMX - AMMX - AMMX - AMMX - AMMX
AMMX Barchart
I sure wish news would pop or Marty would get back to me. The suspense is killing me!
You should talk to your brokerage as it appears there may have been a glitch. Glad you got it anyway for the same price.
Did you get filled yet? Looks like .042 was hit.
It's nothing of any value. Just a retweet.
Ha ha, that's how it usually works for me too. Just know your investment is in good hands today, and try not to think about it. Although, that's like saying don't think about the pretty girl you have a crush on.
I'm confirming with Marty that we'll see the finances today...and also whether there will be a business update from the trip too. Hopefully she can get back to me quickly!
So happy to add to my position today! I'm finally ready for the long haul. Now it's ask slapping time and ready for lift off. Now where's that report?! ;) Today feels like a strong trend up is beginning. I think we'll close over a nickel with good news. AMMX!