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I believe that would be called optimistic pessimism.
AMMX is well on the way to meeting the 15- 20 mil revenue goal. Hopefully we'll receive an update on the F10 preparation in the near future or hear it has been submitted to the SEC.
In trying to economize with a PT CFO AMMX certainly got a dud by hiring Tracy. I'm astounded she was able to milk AMMX as long as she did.
Would you care to contrast Lee's response with the message you sent.
This would seem to show how keenly aware Lee is of the importance in getting the audit and SEC submissions completed. I just hope there are no more delays.
Will be interesting to see how the market digests this on Monday.
Just shows the little sob was more interested in lining his own pockets than growing a ligit company.
It sure is! And something stinks - Credibility of AMMX's ability to complete an audit is in the chitter. They're either totally unwilling or unable to complete their audit. The way AMMX has FAILED year after year to finish an audit can only leave one interpret that there is a real lack of managerial commitment to complete this activity.
Audit - Still nothing - No news or updates - What's being hidden that can't be put in an audited statement? Has the company ever had an IRS audit?
Just base on reviews I read on the restaurant Marco hasn't a clue on how to manage a restaurant successfully, same as DEWM. All mouth with no results.
Does anyone else contact and IR about issues we see raised on?
I can see why you might see it as a backward slide. It also seems Tracie's alleged completed work was inadequately prepared.
A buyback might sound good to some but, I see that option as a very poor use of scarce resources. There is far more value in increasing inventory, remember, they provide their own transportation and need to keep that infrastructure updated and they have added to employment to meet business demands.
Other than stating AMMX hasn'the completed an audit.
Can you tell the board specifically why AMMX "Can't Pass" an audit?
I would assert AMMX can and will both complete and pass the audit.
Born, Marty I believe did say the ASM is going to forestry just not resulting from the demo. AMMX has not received anything yet from RFPS it responded to after the demo,.
Only that the tax accountant has completed 2014 and is working on 2015 & 2016. No est for completion, opinion, guess it'll take a couple more weeks to complete that effort based on time taken for '14.
The ASM was part of the demo but this sale was not derived from the demo. This info came from Marty.
The news of the sale is indeed good although moderate in size they do keep adding up.
What I see as distracting is any update on the condition of the tax revisions. Last I heard was the tax people need clarification of notations Tracie had made for past year(s) adjustments.
Lee in the CC stated several days to accomplish this, now that several weeks have pasted wtf is going on. If he chooses, Lee could make this happen (audit)at least in so much a getting a final submission to the SEC. This month after month, year after year delay is nothing but BS. And, I say BS because shareholders have been getting the same song year after year each time with a slightly different tune. Unfortunately because of the corporate structure there seems to be no accountability. It not expected for AMMX to release the minute details of what its doing to accomplish its audit only that AMMX meet its self imposed dates.
To fully understand the health and financial stability of the company the the market demands audited financials without which the pps will continue trading well below where it ought to be.
Audit delays I believe are what's dragging this down. I know we were expecting the audit team would have received the revised returns last week, well that didn't happen. Seems past management made notations on the data submitted to the tax accountants requiring clarification and guess who not here any longer. I hope they can get past this soon.
I doubt that number will be answered until the number is allocated to someone else.
It seems as Marco has once again shown that he lacks the talent to manage a successful business. Did you ever look over the reviews for the diner - pathetic.
Sure hope your wrong re Dec. This audit effort ought to be of paramount importance to Ammx/Lee. I suspect the mention of several days for the tax accountants to complete a revision of the '15 & '16 tax returns is probably overly optimistic as it is noted how past audit completion dates have been consistently missed.
I hubs news section might be more appropriately referred to as ihub corporate advertising as they fail to pickup publicly available releases.
I had been told by Marty that her employment with AMMX had given her the opportunity to relocate to that area which was something she desired.
I share that thought. Our previous CFO had been in over her head. Now with Hope as the new CFO OF AMMX I believe we'll get a home run. Since Hope relocated for this position she has a vested interested in achieving a positive results.
AMMX per news release 8/6 is on target to submit it's 2 year audit to attorneys. Getting close to SEC submission.
Just saw I as able to grab part of that 76k @ 01.82. Expecting good things to happen in Aug. If the mid Aug projection concerning the audit is spot on this ticker should really heat up.
Doubt we'll get any info til after the 4th.
Nice day's finish. It going to just get better.
That can be, not in this case though the govt had tolerances that were too broad.
Lee had a great interview this morning where he reiterated that the company expects to achieve a 15 to 20 million dollar revenue for the year 2018. Which is a very healthy improvement over past years. He went on to mention the expected demonstration of Oshkosh equipment in the near future. Of great interest to all of us is the AUDIT which Lee (CEO) believes will be completed within a 6 to 8 week time frame.
Adding my opinion, Since the Niger issue where the company (in good faith I believe) issued many forward looking statements regarding that opportunity which failed to materialize AMMX has maintained a far more conservative posture as to when news gets released. Lee has taken the road of conservatism as an approach to releasing information of events that have happened or are about to happen.
This is a lot like a manufacturing process I had dealt with years ago where a catastrophic wire break resulting in a death had opened my company to a potential huge liability. To shorten the story it was determined the root cause belonged to the government a subcontractor had manufactured the wired on the low end of the gov'ts specs having a cumulative effect on the final product resulting in intermittent wire breaks. Shifting the spec criteria to the right and tightening the QA resulted in a disappearance of the problem. This is essentially what Lee has done with his dissemination of information and it seems to be working.
They have a new CFO (full time), I hope we get her update soon.
I have spoken multiple times with Marty and I fully agree an audit can take time, which is exactly my point. Every time AMMX has provided a time line regarding the audit for whatever reason AMMX has failed to meet that goal. I hardly find any solid foundation for an expectation for AMMX to meet a June or July audit. This assumption is soly based on what we've experienced with AMMX's audit attempts over the previous several years.
Not to be mistaken I still hold a position but have and will take profits. I do believe Lee's intentions are good however historically for various reasons all previous audit attempts have been frustrated for one reason or another resulting in no audit to date. Why should it go smoothly this time? I fail to see any compelling reason to expect AMMX to perform better with this attempt than it has in the past.
Still no update on the audit! This is concerning. It seems strangely reminiscent of all the hype we had on the board when there was a possibility of a deal with Niger & what happened, nothing but a slow decline in the pps to sub penny.
What we have here is reported revenue growth, and what might appear to be improved sales throughout the remainder of 2018 but AMMX has yet to furnish an AUDIT of any of years of financials they released. I look at AMMX with cautious optimism until such time they complete their audit. Because of this I plan to preserve some gain I currently have.
looking at the numbers (Shares) it appears there is approx. a 3 to 2 ratio in favor of buys. 60% on the buy side and 40% on the sell.
A nice steady increase.
I've heard that as a result of the demonstration AMMX has been requested to provide quotations for various configurations of equipment. Just hope this results in significant orders.
How close will AMMX get to .03 by 6/15?
Nothing wrong with taking out some profit, hope you can get your price before this moves up. There really has been so much positive news this year and the outlook would indicate its only going to get better.
With the lack of transparity, lack of financial responsibility Marco Moran has earned the distinction as DEWMAR INTERNATIONAL BMC Inc corporate POS.
With all the positive info coming from AMMX it seems strange anyone would let go of shares this cheap.
Expecting BIG new in coming days.
Would anyone like to post screen shots of the L2. It may be of interest to those that don't have access to the L2
I see no reason given what we know of AMMX that it isn't unreasonable to look for the near term pps to break through .03