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Maybe, maybe not. Someone with money believes something good is coming or they wouldn't have bet over 10 grand on this.
Yes, I swore I wouldn't buy any more of this stock over my average. But that order has me intrigued.
Wow. Someone just bought over a million shares in one shot @.0085
Someone likes this stock.
Yep, still watching. Looks like a good day today. I would sure like to see us get over a penny by the time they finish the audit or shortly after.
True. On the one hand, less news might hurt us some. But ultimately, I think with the audit, up list (even if it is still on the OTC) and announcing only things that are going to happen will build the pps over time. As long as they keep increasing sales anyway. And if they land a huge contract, we should see a really nice spike. I could be wrong. We'll see.
One thing I think will be interesting. If they stick to their plan of no longer announcing project they are working on until it's a sure thing, we will not know anything about any large deal until it actually happens. Should be a good day to watch the pps if they manage to close on one.
Good morning Born. Just waiting and watching at this point.
Yeh, I wasn't going to bring that up, but that is a concern I have. To be on the OTCBB, you have to maintain .01 PPS. If the stock price isn't there in a few months when they are ready to up list, I'm hoping they will just wait and not do a R/S to get there. It wouldn't take much, but any R/S on a penny stock (unless your going to the NASDAQ) is almost always the kiss of death.
Agreed, but at this point, I don't think the announcements of working on deals overseas is doing anything anymore either due to their past failures of not being able to pull any of them off. If we can't get a better PPS with the increase in revenue, auditing, and up listing, we are pretty much stuck until they do actually pull off a huge foreign contract.
Very true
I think it's a great little company, but I do understand the pessimism when we see how the stock trades. Most penny stocks rise any time they get any fluff news. We get solid news about actual income and the stock price goes down. It's irritating.
I thought it was good. I'm always amazed at how the PPS spends most of the time sub penny considering how well this company is doing. I'm hoping the up listing might draw more attention, but we'll see. I am glad they proclaimed the Niger deal dead. Maybe we can move on now and concentrate on the positives of the company. I'm also glad that they are no longer going to talk about deals that are not finalized.
Yes, someone didn't like the news and sold their position.Could have been someone just gambling there would be a jump after the conference call. Hard to say. I would think if there were a substantial number of share holders out there waiting for the truck deal, we would see worse. But, we will see what happens over the next several days. I won't average up on this stock anymore. But I still like the company. If the PPS gets below my average, I will buy more.
Is there really anyone left that was hanging on to this for the Niger truck deal ? I think most of them have already sold and moved on. Could be wrong :)
There are no absolutes in life beyond death and taxes. But they stated the reason they couldn't complete it last time was a lack of funds. That doesn't seem to be an issue now. But we will know for certain by Sept. which is not that far off. I think they will complete it this time, but I could be wrong. I'm more concerned with the PPS getting above .01 which will be a requirement for up listing once the audit is complete.
Yes, I think your right. The report they filed today says that of June 30,2016 there are 504,847,441 restricted and 248,828,438 unrestricted. OS is 753,415,879. Oh well, it was a nice thought.
Nice catch. That's what it looks like. Is it a mistake? Are we reading it wrong? Or did the number of unrestricted shares really drop that much ?
Good news. Any other penny stock with this kind of news would be way up. And yet, once again, we barely move.
It does look like they are going to complete the audit, which is good. But part of the requirement for up listing is that the PPS hold at least .01. I hope the conference call holds something to push this up further.
I got 30,000 of them. Wanted more, but you were apparently quicker.
Nice volume today. Just wish we could keep it over a penny.
Nice update this morning. Good to see this getting back above a penny again. Hope we can keep it there to meet the requirements for uplisting.
Well, now those are gone too
Someone is interested. I haven't seen this level of buying in some time. Someone put 677,200 shares up for sale at .007 and all but 73,700 are gone.
Anyone see these Menzi Muck excavators Mr. Hamre looking at? Pretty cool....http://www.menzimuck.com/en/home/
This was on their facebook page.....
"Come see this machine in person at the Sierra Logging Conference, Hamre Equipment's Booth #144 - show is Feb. 11-13 at Shasta District Fairgrounds."
Hi Born,
I'm in the negative as well on this. Ameramex is a good little business and a rare find on the OTC. Of that I have no doubt. I also believe that Lee does care about stock holders or they would not have went to the trouble and expense of removing the yield sign. We all knew doing business in Africa was a long shot. Lee may have been overly optimistic, but he never at any point said it was a sure thing. Lee is doing what he should be doing, making money for the company and increasing profits. I think they are at a loss as much as we are on how to increase the stock price.
But what others are saying is correct also. If the stock price doesn't react positively to reflect how well this business is doing, it doesn't really matter from a share holders stand point.
For what it's worth, I think this is due in part to the fact that people are currently running away from the markets. Fewer people playing, less demand, lower stock prices. And anyone still in the markets are looking for bargains, not paying top prices. Another thing to consider is a lot of Niger's income is from commodities and those are doing poorly right now. So this may have played a part in the delay of the deal as well.
I am fortunate in that I can live just fine without the money I have here. I will continue to hold on and hope things improve. But I think 2016 is going to be a rough year for stocks in general.
As always, JMHO
Hi Born,
I'm still here and holding as well. Just haven't been posting much. I don't think the Niger deal is dead, but the odds are definitely much lower now. In all honesty, until the world economy stabilizes and these terrorist groups are dealt with, the stock market is probably dead. Oil prices aren't helping any either, except when I fill up my truck
I don't play with any money I can't afford to lose, so I will probably just hold on for a while and see what happens. Who knows, if this drops too much more, I may just buy more.
We did. Last trade was an after hours T form trade.
Agreed. A well established company, consistently making a profit every quarter and growing. Plus the potential for completing a very large contract and further expansion outside the US. The PPS should be higher than where it is currently. IMHO
Nice update today.
****News*****
CHICO, CA -- ( Marketwired ) -- 08/19/15 -- AmeraMex International, Inc. (OTC PINK: AMMX), a provider of heavy equipment to infrastructure, shipping, construction, farming and mining companies, today reported financial results for its second quarter ended June 30, 2015 .
Highlights for the Six-month Period
Secures order for $150,000
Signs $2.1 million equipment contract
Enters into five-year rental agreement totaling $837,000
Receives rental agreements totaling $200,000 per year
Inks heavy equipment purchase order for $180,000
Sells loaded container handlers for $360,000
Obtains $450,000 in equipment orders
Second Quarter Ended June 30, 2015 The company reported revenue of $1,278,008 compared to revenue of $1,042,041 for the second quarter of 2014. Net income for the quarter was $252,799 compared to net income of $85,954 for the second quarter of 2014. Gross profit, as a percentage of sales, was 63 percent compared to 57 percent for the comparable 2014 period.
Six-Month Period Ended June 30, 2015 Revenue for the six-month period was $2,213,206 compared to revenue of $3,878,155 reported for the comparable six-month period of 2014. Gross profit margin, as a percentage of sales, was 61 percent. The company reported net income of $221,456 , compared to net income of $281,009 for the six-month period in 2014.
The conference call dial-in number for both U.S. and international callers is 1.719.325.2464. An audio replay of the conference call will be available from August 19, 2015 at 5:00 p.m. Eastern until September 2, 2015 at 11:59 p.m. Eastern. The replay can be accessed by dialing 1.719.325.2464 and entering conference pin number 8188772
More News.....
AmeraMex International Receives $500,000 Letter of Credit
CHICO, CA – July 16, 2015 – AmeraMex International, Inc. (OTC: AMMX), a provider of heavy equipment for logistics companies (stevedoring/shipping), infrastructure construction, logging and mining companies, announced that it has received a letter of credit for approximately $500,000 of construction equipment.
AmeraMex CEO Lee Hamre commented, “We are having a great week. Yesterday we received notification that we were awarded a $2.5 million rental bid and today we received a $500,000 letter of credit for construction equipment. The equipment will be used to develop housing projects in Guinea and will be shipped to the customer July 27, 2015. Based on conversations with the customer, they expected to receive funding for multiple housing projects within Africa which will require additional construction equipment. Timing for potential funding and the amount of equipment needed has not yet been determined but we will keep our shareholders updated as we receive information.”
The conference call for the second quarter ended June 30 is expected to take place the week of August 17, 2015. A news release announcing the call specifics will be disseminated approximately two weeks prior to the call.
Hi Born,
Is there another means I could contact you outside the board?
Got it. Shows how observant I am. Thanks
Hi Born,
Think this has any relevance to them working toward this goal? Or, maybe it's just me? Has this always been there?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=114319253
Especially this part......
specializes in ....., corporate finance, and securities regulatory matters.
Maybe working on getting current? Maybe even uplisting?
This is from Blair Krueger's LinkedIn profile....
The Krueger Group, LLP
January 1998 – Present (17 years 6 months)San Diego
Blair Krueger is the Managing Partner of The Krueger Group, LLP, a corporate securities law firm based in San Diego, Los Angeles and Mexico City which specializes in private and public mergers and acquisitions, corporate finance, and securities regulatory matters. Since April 2008, Mr. Krueger has served as the Chairman of America Visa Funds, an EB-5 visa investment fund advisor. From 1996 through 2001, Mr. Krueger was the CEO and a director of STV InternetWorks, Inc., a producer of surfing-related television programming seen on Fox Television. From 1992 through 1996, Mr. Krueger was a co-founder, director, and Chief Operating Officer of Far West Realty Fund, Inc., a real estate investment trust. From 1993 through 1997, Mr. Krueger was a member of the Board of Directors and Chairman of the Banking and Finance Committee of the Border Trade Alliance, a tri-national business organization in the United States, Canada, and Mexico. He has served as a lecturer at the University of California, San Diego, instructing on Mexican legal and business matters, a member of the Advisory Board of the University of California’s Mexico Business Certificate Program, and on the Advisory Board of UCSD’s Center for U.S.-Mexico Studies. After receiving his bachelor’s degree from Brown University (A.B., Honors in International Affairs), Mr. Krueger was a Coro Foundation Public Affairs Fellow in New York City. Mr. Krueger received his law degree from Georgetown University Law Center (J.D., Leahy Moot Court Prize, Editorial Staff of International law review "Law and Policy in International Business"). Among other publications, Mr. Krueger is the co-author of "Free Trade in the Borderlands", published by the Joint Economic Committee of the United States Congress, which served as a blueprint for the North American Free Trade Agreement, and "Black Gold to the Rescue: Oil-based Development in Mexico Since 1976".
Has anyone been to the AmeraMex investor web site lately? - http://www.ammx.net/Profile
Maybe I just missed it, but I don't recall seeing this before.....
Corporate Counsel:
Blair Krueger, Esq.
The Krueger Group, LLP
blair@thekruegergroup.com
Phone: (858) 405-7385
Fax: (858) 454-2411
I did see that trade for 100 shares @.016. That seemed odd. Who would buy or sell $1.60 worth of shares?
At work, but I still try to peek in from time to time. I think big things are coming, but slowly. Hopefully we will hear some big news soon.
They say summers last longer in California. Now we know why
Good news. Nice to hear about additional revenue for the core business.
JMO, but I think the 12 million is referencing the first order of trucks. I would certainly be ok with being wrong on that though and find out about another 12 million dollar deal.