Working on the big PENSKE project
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Executing a reverse split the day before the dividend shares...well played DM....well played.
Congrats to all those that jumped ship when they could. I only through 50 bucks in this to see what would happen. Wasn't trying to retire.
When they say it will take 7 to 10 days, do you think they are counting Thanksgiving and the weekend, or are they referring to business days.
Normally I would not be surprised. Seems like everyone has already made their move and are just waiting. However, no volume when they released PR on Marketwire, FoxBusiness, and any other ones that I didn't see.....makes me think that not many people at looking at all...
I saw someone post that there was a 10 mil buy last minute, but I did not check it out yet.
This stock is continuing to drop each day....Is it over valued?
Same article has been posted on Fox Business as well....
I take it the financials came out and were bad? Why is everyone jumping ship? Are they still not opening up some stations? Are there any believers left?
I would expect it will take longer than turkey day. They just moved to the location at the beginning of this week and they said it will take 7 to 10 days to drill. Then they have to analyze. I am hoping first week of December.
I'm as lost as you are. I can't see anything solid from the financial statements that would get people excited yet. If, anything, it will probably scare people, because they haven't started operating yet. It will all be loss.
I'm also gathering from these posts that they may not even announce any plans of share restructuring until the 4th quarter.
Why do you think the stock will explode when the financial reports come out? I would think the numbers will be pretty bad, seeing as how they don't have any stations running yet?
Just asking, I am not taking sides.
All my orders are rejected when I go out a 5th decimal on zecco. You were able to do it, or is that what you heard or read???
Contact Us
AmeriResource Technologies Inc.’s principal executive offices are at:
3440 E. Russell Road, Suite 217, Las Vegas, Nevada 89120 USA
Email: CEO Delmar A. Janovec at delmar@ameriresourcetechnologies.com
Telephone: (702) 214-4249
Fax: (702) 214-4221
I am not invested, but I have been watching this to see if it would move. Let me know if you end up trying to contact this CEO by mail.
I do not know much about trading, but from what I understand, it is the market makers who can trade an extra decimal point out. I think these purchases are being rounded to 0.0002 on the graphs we are looking at.
So if they are buying at 0.00024, that is still a considerable discount, but not as bad as 30%
My education is lacking and am not certain if market makers are even buying this stock, but that is just what I am thinking.
How are things going with HESG. I haven't been on the winning side of one yet. Hoping on BWNR but I am doubtful. Have you sold any HESG in the profit margin yet?
If it were me I would only risk a certain percentage for the long run and get some of the profits while you can. You never know which ones really take off and it is very rare, but who knows...Medical marijuana is a gold mine and I see that being mentioned a lot in the PR.
Best of Luck !! Make that money.
Test drilling has commenced! Let's keep our fingers crossed.
Yeah, this stock has been trickling down slowly. I'm hoping that this announcement of test drilling that has commenced will increase speculation and interest in the company.
Actually they still have to do full written report of their results for mngmt so a couple more days may need to be tacked on.
Next PR 7 to 10 days right? Drilling should have officially started already.
My guess - Don't the market makers have the ability to buy and sell at an extra decimal point? This would enable them to get the trades before us and it shows as 0.0002 for rounding sake.
I guess you were right. The 2 3's are starting over again. Don't want to jinx anything but I've never seen this hit the 0.0001s
Not even sure about the .0002. It's been holding at 3 since the PR. Probably won't see any change until next PR in my opinion.
In that case, this company is worthless. They never left subpennies in years. 3 reverse splits in the span of a few months...some people got screwed. I have 50k share that invested at 0.002 which I was burned on. Fortunately it was a very small investment. I was very new to the game and saw a potential buyout on the table. I wrote this off as a complete loss, but will not sell at this point. I will pray some false hype with get this stock rolling again before the next reverse split and see if I can cut my losses closer to 0.
If I could start over, I would probably risk investing 50 to 100 dollars at this point because it is priced more where it should be.
Where is the news ?!!?!? Just kidding. I will save that message 2 weeks from now :)
Did they do multiple reverse splits before the big one in April? According the charts, it was not $9 in January of 2008
Just looking at the googlefinance graph, looks like in Jan 2008 it went from subpennys to ten cents. Then in Feb 08 went to the .40 to .50 range. Then came the big reverse split in April.
Anyone around during the beginning of January 2008 that went through this?
Stock went from subpenny's to almost 50 cents before the reverse split. We should be thanking god if that scenario could only happen again.
I have less than 2 million shares, probably one of the smallest players on this board. I am willing to roll the dice. I am aware the odds are stacked against me.
I am betting on the fact that they will do a more extensive test, not on whether they find gold. If they announce that that they will continue to dig and the pps starts to move up, that is when I will sell. I'll try and sell a portion to break even and gamble with the rest. This is of course if moves at all.
I am also gambling that even if they do not find anything, that maybe they will move onto another location without reverse splitting. This will become a long term investment. Again, I know the odds are stacked against me, but my investment is small enough to risk.
Mentally, I already wrote off all my bets as losses this year and I am just leaving them to see if down the road, one of them will come back.
Minimize my losses? This just has to hit 0.0004 for me to profit. You don't think there will be any more bumps in the chart? July was a good month for investors.
I guess you win the friendly bet. PR is considered fluff. All they did was reannounce what they proposed in September. They bought 2 more weeks.
What did that last guy say? Now we are in dragon mode trading, which is the best kind of trading.
Now I am happy. The PR was good because they even gave a day count as to when they should be finished so we're not all left wondering again on whether it's going to be weeks or months for the results.
So this whole time we were waiting on results, and they hadn't started to dig yet. I guess that makes a little more sense now...
Looks to be yet another week of no PR. At least give us an update on what your new name will be and when to expect the reverse split........
I don't think there is room for fluff. I think they will report whether or not they will continue with a second drilling. Question is though, how much longer........every week we say maybe we'll here something next week.
Anyone want to place a friendly bet of PR coming out next week?
Only asking for your profits to be in the thousand margin? I guess that is not being too gready :)
I would love to see some dragon mode trading :)
Looking at the chart history, the stock went from subpennies to .40/.50 range in 2008 before the reverse split. I wouldn't mind a similar scenario.
I'm not getting my hopes up because I have yet to hear good news on any of my investmetns since I started. I will wait it out. If they don't reverse split, maybe this will just be a long term investment until they start their next project.
Profit could still be made on the announcement of their next project. There was that bump in July where some people made some money.
I'm confused, am I being called a basher? I am upset that I lost almost 90% of my investment yes. I was hoping for the buyout to go through. Fell victim to that.
If I was a basher I played the game wrong because I bought at the highest point and watched it dwindle down to the nothingness that it is at. I was pessimistic along the ride down because I continued to watch my funds disappear. Do not confuse anger and disappointment with bashing.
Thought maybe I would learn my lesson, but I have an urge to try and make up some of my losses if it falls down to the 0.0002 & 0.0003 range. Does not leave much room to go further down (god forbid reverse split).
I wonder what they will change their company name to next.....