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Well, one thing the last group that came through proved. This stock has a low enough float that if Ameramex ever does land a big contract, this stock will climb quickly.
Unfortunately true. But I always hope it's the start of a bigger run. Never know.
Nice volume. Doesn't seem to be any reason though.
Nice update. It was good to hear them mention the audit even if it's not done yet. It would be nice if all this volume would translate into a higher PPS that would hold though.
Wow, what's with all the sudden volume ?
Hmm....what's with all the sudden volume? Someone is buying this morning.
Someone is taking big bites today.
Yeah, but this was really odd. I watched the opening market. The bid was at .0075. The second the market opened, this sale went through. The bid and ask never changed.
WTH.....how does a buy go through at .0036 when the bid is at .0075 ?
June 2, 2017 08:00 AM ET (BZ Newswire) -- Press Releases
CHICO, Calif., June 02, 2017 (GLOBE NEWSWIRE) -- AmeraMex International, Inc. (OTC:AMMX), a provider of heavy equipment for logistics companies (stevedoring/shipping), infrastructure construction, and tactical vehicles for military organizations, received orders totaling $383,000.
The two orders consist of a Taylor forklift purchased by a logistics company in Southern California and a two-year rental agreement from a worldwide logistics company in Alaska. The estimated retail value of the rental equipment at the end of the rental agreement is $330,000. The customer may purchase the equipment, which is usually the circumstance, or it is sold as used/refurbished equipment.According to AmeraMex CFO Tracie Hannick, the audited financials for year-ended 2016 are expected to be provided to the company's security attorney by the auditors before the end of June 2017.About AmeraMexAmeraMex International sells, leases and rents top-of-line heavy equipment to companies within multiple industries including construction (light and infrastructure), logistics, mining, and sawmill. The company has added an inclusive product line from Oshkosh Defense, LLC, of advanced performance tactical military vehicles marketed to certain African countries. AmeraMex, with a US and international customer base, has over 30 years of experience in heavy equipment sales and service. For more information and equipment videos, visit the AmeraMex website, www.AMMX.net or www.hamreequipment.com.Except for the historical information contained herein, statements discussing sales or revenue projections are forward-looking and made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements involve risks and uncertainties that could cause actual results to differ materially from any forward-looking statements made herein.
Investor and Media Relations
McCloud Communications, LLC
I'm sure it was an issue with OTCmarkets. I didn't really care so much. I'm only interested in seeing if they get the audit completed and submitted. But I thought I would throw that out there since there wasn't any conversation today. Looks like I manage to stir things up a little bit.
Well....at least the yield sign is gone.
Between the news released and the reply Born got to his e-mail, this could get pretty exciting in the next couple weeks.
I like the response "AmeraMex has been promoting the sale of Oshkosh vehicles for several months and were waiting for the legal department at Oshkosh to approve our first news release." Sounds like they might have contracts lined up already.
It would be nice if Ameramex could become a local dealer for Oshkosh...
26 Sep 16 U.S. ARMY PLACES $42 MILLION ORDER FOR THE JOINT LIGHT TACTICAL VEHICLE PROGRAM
29 Sep 16 U.S. Army Awards $409 Million FMTV Contract to Oshkosh Defense
02 Jan 17 U.S. ARMY PLACES $176 MILLION ORDER FOR JOINT LIGHT TACTICAL VEHICLES
18 Apr 17 OSHKOSH DEFENSE AWARDED $258 MILLION FROM U.S. ARMY FOR RECAPITALIZATION OF HEAVY VEHICLE FLEET
12 May 17 OSHKOSH DEFENSE AWARDED $165 MILLION FROM U.S. ARMY FOR RECAPITALIZATION OF HEAVY VEHICLE FLEET
Nice news today. Looks like Lee's connections may pay off after all.
Looks like someone is buying at the ask and we have a 1 mil bid @.0065
No audit yet, no news, and someone trying to unload a bunch of shares. Waiting to see where the bottom is.
True, and there in lies the risk. Which is why the PPS is where it is. They really need to get this done though if they want to restore confidence. Outside of a confirmed multimillion deal, the PPS is stuck without it.
The pps will continue to drift down if we don't get anything of substance soon. But I have to believe with the economy picking up, this has to benefit Ameramex. Has anyone seen Cat this morning ? I'm not insinuating that there is a parallel here, but Cat has always been an indicator of how the mining / construction industry is doing. And it looks like we may be at a turning point. If Ameramex can become fully reporting and continue to grow, we may see a significant jump at some point. A lot of potential here if they can just follow through.
True. If this audit doesn't get submitted, the pps is going to drop further. And the fact that it's not completed yet doesn't look good. On the flip side, the float is really good here for a penny stock and the pps moves up quickly when we get volume. Plus there are not too many penny stocks out there that have verifiable products, let alone making a profit. I know that hasn't done us a lot of good so far. Like I said, it may or may not have been a good move on my part.
I swore I wouldn't buy anymore until they become reporting. But someone offering shares at .006 was hard to pass up. May or may not have been a smart move on my part. We'll see.
I'm waiting to see if they complete the audit. If they do, I will try to help push the pps over .01. Hopefully they will up list after that.
Apparently they are getting these calls often enough it's causing headaches. The announcement says 2 things. Please stop doing it and if it doesn't stop, they will quit naming their partners in future reports. We can assign blame all we want, but I don't think it will help anyone holding stock if they quit naming their partnerships.
Yeah, I know. I shouldn't be surprised at this point. But when someone spends $3 to bring the stock from .0076 to .0069 it's a little irritating. Although, after thinking about it a bit, I guess it's possible someone was trying to hurt the person on the bid. They would get 450 shares and have to pay the brokerage fee for the trade. Never know I guess.
Unless they have free trades, it cost more to trade it than what they made on the stock. Guess it doesn't matter though. Someone bought $22 worth and brought it back up to .0075. This stock moves so easy in either direction. If we ever get some serious volume, this should move up pretty quick.
Really, someone takes this down to .007 and then .0069 with a couple sells of $3 worth of stock.
I would love to see the PPS form a base at .05 and go up from there. I believe it could happen. I have seen plenty of penny stocks with far less potential go that high and higher. We will see.
LOL. I like your optimism
Regardless of any persons political views, investors and businesses seem to be excited by the prospect of government infrastructure spending and the prospect that there will be fewer regulations and lower taxes. And also the belief that consumers will start spending again if they are left with more money in their pockets. But I understand your concerns. Change is risk and Trump is an unknown when it comes to politics. Good luck in your decision.
Well, I like what I heard. Decided to grab some more shares. With the potential of the company and Trump promising infrastructure spending as soon as he takes the wheel, I think there is a good chance 2017 may be a really good year for businesses like AmeraMex. IMHO of course.
Well...They didn't really promise anything beyond the audit being completed, which it appears the auditors have finished it. I guess if you were expecting that it was going to be ready to be submitted to the SEC, then yes, it's not done yet. As far as the company becoming fully reporting, we knew it wouldn't be till sometime the first part of next year due to the amount of time the process takes. I don't think there were any real surprises here.
hmmm.....you may want to read the whole news release.
Not yet for me, but getting close.
LOL, well....since we're going there, I want to see it at .05 and go up from there
But I will take above .01 for now so they can qualify for the uplist.
I hope you're right. I want to see this get back above .01
what the ???? What's with the battle between .0086 and .0082 ???
Yes, probably a discussion for elsewhere, but I know what you mean. My company recently showed us what our options are for health insurance next year. Cost more, pays for less. I'm sure that's the case everywhere.
Agreed, I wish we had a lot more people with that kind of money to spend
I agree. A little more patience and they would make a lot more on their shares.
Actually they bought 1,230,654 @ .0085, so they spent $10,460 + fees. With the drop to .0076, they are at $9,352. Either someone has a lot of money to play with (possible) and thought this was going to continue climbing (anyone who has watched this stock knows this usually just bounces between the .007s and 8s) or they are anticipating a good return at a later date. Not saying it's a good bet, just intrigued when someone is willing to spend that much on a penny stock.