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I know where I work is still closed till Monday. I would bet a lot of people have taken today off to make it a 4 day weekend.
I believe so as well. It's the start of a new year and there are no more real distractions till summer gets here.
Me as well. Not much we can do except ride it out. Our time is coming.
Good catch Born, I should have said when the contract is executed. I guess it will be up to Marty to attract as much attention to the company as possible once it's completed.
Hi Born,
Correct me if I'm wrong here, but I think they were on track to make close to 8 million for 2014? And the signing of the contract will provide them with an additional 40 million per year over the next 5 years beyond any other business.
I would really be surprised to see less than .10. I'm actually hopeful it will spike beyond that and then settle in around .10 or a little higher. That would allow them to meet the requirements to uplist to the OTCQX.
Never know though.
Good morning Born,
I know it's a disappointment to some here, but I really do think we are better off with the announcement happening after the holidays.
As far as the time frame, I have this gut feeling that we will see this happen sooner than later. I think one of the reasons they brought everyone together at that last meeting in China was to expedite the paperwork. Plus Kevin staying an extra week, plus the last announcement of creating the position of COO. I could be wrong, but I think we might get a pleasant surprise in Jan. JMO
Hi tangerine,
I don't have PM, but wanted to say thanks for that update.
Thanks Mik,
Fair enough. Even though we may disagree on AMMX, I think I understand your cynicism better now and I can't say I blame you.
Cheers and good luck
Thanks Investor,
Exactly. I can only imagine how much has went on behind the scenes for this deal to get this far.
Thanks Mik,
In regard to the Federal Reserve, you mean the one that is printing money like crazy, in a futile attempt to support a socialistic government who believes it can endlessly spend money it doesn't really have in a mistaken belief it can provide for all the needs of every citizen. The one that is devaluing the dollar by 2% per year, while keeping interest rates at near 0% thereby effectively destroying any forms of savings or retirement plans. The one that claims there is little to no inflation, while the politicians who back this institution are trying to get big increases in the minimum wage to help out the people who are most affected by this non existent inflation.
No, sorry, not really familiar with it.
As far as applying that logic to this and other penny stocks, I would think you would have to dismiss them all as too risky. Have you given up playing completely?
Hi Mik,
Let me start off by saying I don't consider you or anyone a "traitor". All of us look for stocks with potential, we examine the risks and decide if we want to gamble or not. I respect your decision to sell as well as anyone else here that feels the risk is too much.
I guess I don't understand what kind of proof you're wanting. I really don't think they can legally provide copies of the contracts and if you believe this company is morally corrupt enough to lie about all these contracts, would you really believe any documentation they provide is legit anyway?
They did hire a COO, but it's just been 6 days ago. Shouldn't we give it a little more time to find out the reasoning behind it? As for uplisting, I have seen a few startup companies spend the money to uplist to the OTCQB as a first priority and then watched them collapse. I realize AMMX is not a startup, but they did come out of some rough times. As a stock holder, I want to see them uplist, but prefer they prioritize the use of funds to expand the business first.
Lee, Kevin, and Marty did receive shares. Someone correct me if I'm wrong, but I don't think they are still receiving shares. I don't think the number of restricted shares is increasing. One of the things I like about this stock is the TA is not gagged. I also like the fact that board members are holding shares. I believe it gives them an incentive to succeed. If the company was increasing the A/S, well, then that's a different story.
The contract not being signed yet? I don't think they have any control over that. Except for maybe investor229, I don't think most of us have any idea how complex it is to close a deal like this.
The solar plant was mentioned. If I remember correctly the cost per kilowatt was not acceptable and they are still negotiating on that point. The military contract, they are pursuing it. Unless they actually get the contract, what more could you say about it?
Why does Lee keep mentioning the core business? Some will no doubt take it as some sort of hint about the chances for the contract, I take it as a reminder this is not a one trick pony and there are other things going on outside of this contract.
Why doesn't VNDM leave the ask? It looks like restricted shares have become unrestricted and someone is selling. If it were Lee, Kevin, or Marty, that would definitely be a huge red flag, but we don't really know who it is at this point. As long as it's not one of those 3, I don't really have an issue with it. The only problem is it's hard to absorb those shares on such low volume and it's hurting us in the short term. But one big catalyst, and that will most likely be a non issue.
Where did Richard H go? Is that really relevant?
If the contract was a sure thing and they were already uplisted, you would not be able to buy shares of this company at these levels. You get the discount when you take the risks. Is it worth it? Everyone has to decide for themselves.
All of this is my own novice opinion, so take it for what it's worth.
Good luck in your future investments.
Agreed. I know some have quite a bit riding on this. I myself have put more into this than I would normally be comfortable with on these stocks. I don't want to lose anymore than anyone else here.
But however it turns out will not be affected by speculation on this board. If the contract fails for any reason, chances are really good we drop. If it is confirmed, chances are really good we go up, possible by a significant amount. The day to day PPS doesn't mean that much. I have watched penny stocks go from trips to dimes, quarters, and beyond on less news than this. Doesn't mean this one will, but I personally think the odds are good.
As far as the uplist, we need only hold at least .10 to go to the OTCQX. Which I think they can easily achieve with the income from this contract if they play it right. Nasdaq would be nice some day, but there are stocks on the OTCQX that are trading in dollars. Once again, doesn't mean this one will, but being at that level does have the potential to attract a lot bigger money.
And finally, I will second that for Born as well
Agreed. The 200+ million dollar contract may be the biggest catalyst, but it's just the start. So much more potential beyond that.
Thank you and I guess you did succeed in stirring up some debate on this quiet day
Nothing wrong with being cautious, especially on pink stocks. But don't get too caught up in all the "what ifs". Based on what we know at present, the deal is still in play and the companies core business is solid.
Best wishes to you as well and all of our board members here.
Indeed. Patience.
I could escape now with a small profit if I really thought things were looking bad. But I think much bigger things are going to be achieved by this company. There are no guarantees of course, but I think our odds here are really good. IMHO
I have to agree with Mikeo56, further discussion of a R/S is pointless anyway. Mr. Hamre has already said there would not be a reverse split. He did say he might consider either a dividend or stock buy back after completion of the deal. Either way, they should be able to meet the PPS requirements to uplist easily with the additional income from the contract.
I must admit, I don't know what has to be done to accommodate this change, but I would be surprised if they had to start from square one. I would also be surprised if Mr. Hamre had promoted Michael Maloney to Chief Operating Officer if he didn't have confidence in the deal being completed soon. Core business has been good, but I don't know if it's enough to warrant a COO or not.
As far as a reverse split, others that have more experience trading than me might have seen this work, but every stock I have observed that has done that has an immediate drop in PPS after. The PPS might retain enough value to qualify them to up list, but at what cost to investor confidence? If you want to be seen as a legitimate business that cares about it's stock holders, I don't think this would be a good move.
All IMHO of course
I'm with moras on this. If we want maximum effect, this needs to be announced in January.
Dec. 26th. 8:30 CST.
Merry Christmas. Hope you all enjoy the holidays.
Hi Born,
Not the news we hoped for, but I think you're right. If Mr Hamre feels they are at the point they need a chief operating officer, either the core business has grown to the point he needs help or, maybe he is anticipating it being to big for him to operate alone? It's a nice thought
Hi Born,
It could.You never know
Afraid not Born. Too many people away for the holidays. I don't believe anything exciting is going to happen this year with the PPS unless we get the news everyone is waiting for.
I have nothing against Mik and think everyone is entitled to their opinion. But to believe this company is making everything up for the purpose of selling shares seems highly unlikely to me. I have observed other stocks on the OTC that profit from selling shares and this doesn't fit the pattern. The A/S is typically much higher, they have a history of R/S, and they release PR's weekly based on anything they can come up with. And you can still go to jail for outright lying for the purpose of manipulating a stock price, even on the pinks. Once again, I may be naive, but this theory just doesn't seem plausible.
I know what you mean. I also have invested a lot more here than I typically would in one of these stocks. I was really surprised to find a company that has been around as long as Amerimex. I liked the fact that they had survived through 2008-09 and had actually started becoming profitable again after. I like that their profit is growing each year based solely on the core business, plus the possibility of these large contracts they have been working on for so long. I may be naive, but I like the story here and think the CEO is sincere in his desire to expand this company. I realize the risk. If the contract falls through for any reason, the PPS will most likely take a a bad hit. If it get confirmed, well, this is penny land and anything can happen, but I have watched huge spikes in PPS on other stocks based on less. This is all IMHO as always
Hi Mr Mutt,
I have to agree with gtoken and alien. Although those of us here believe the deal will happen, there is still a lot of doubt out in the investment community. When the deal is actually confirmed, I believe we will attract a lot of attention here. IMHO of course
Nasdaq, I don't have PM, but I found that interesting. Thanks for that.
I know what you mean. Most of my shares are over a year, but not all. That's ok though, I plan on holding a portion of my shares for some time to come. I think it will be really interesting to see where this company is in another year or 2. If Lee manages to achieve his dream of up listing to the Nasdaq one day, I hope to still be holding shares at the time
LOL Good point. I should have said how many "other" CEOs
How many CEO's show that kind of confidence in their company? Not to mention agreeing to hold a conference call every quarter to personally give updates and take questions from the shareholders. How many CEO's of penny stocks do that? None that I know of.
Hi Born,
I agree with your assessment. I think the meeting in China was to bring everyone to the table to expedite the deal so they didn't incur further delays by having to communicate back and forth between everyone involved.
The thing I like about this company that sets it apart from other penny stocks is the fact that they are already a well established company, they already make a profit with the core business (which is growing every quarter), and that this deal is just the start of potential large contracts. If they pull this one off, and I believe they will, this will just be the beginning of opportunities for this company. Show me another stock at this price with this many possibilities. All IMHO of course.
Still here Born, just patiently waiting. I agree with flunati. This isn't bad news. Some people are just reading it that way because it wasn't the news everyone wanted.
Well, I know everyone was hoping this would be the big announcement and I certainly would have been ok with it
But I really would like to see it happen after the first of Jan. From what I have observed since I started watching the OTC markets, there seems to be far more investors paying attention after you get past the holidays and we want as many eyes on this as possible when the deal is announced.
There is no way to know, but I kind of get the same impression Born had, someone wanted to see lower payments so they decided to stretch it out over 5 years instead of 3.
I think that would be an interesting experience. Keep us posted if you get the opportunity.
Great conference call. Thanks Mike for bringing all those questions forward.
Hi alien42,
I don't have PM, but wanted to say thanks.
You bet. Definitely not much of a stretch for them to fill the role of the dealer for this Chinese manufacturer.
HI Moras,
Good point on the consumer side. Every time I buy something for the kids that requires assembly, it seems like there are instructions in no fewer than 5 different languages
I was looking at my post again and I didn't think I really covered anything on service or customer follow up unless maybe you're referring to the modifications to the trucks. Just in case I have caused some confusion there, the big names in heavy equipment add these packages during the assembly process. They have a build order and if there is one of these packages on that build order, they pull a kit from inventory and make the additions while they are assembling the equipment. If you have a good assembly process, adding one of these kits should be a standard routine. That being said, without knowing who this manufacturer is, it's hard to say if they have such a process.
As far as service and follow up, I don't know of any instances in the heavy equipment industry where you would go directly to the manufacturer for support. You typically work through the dealership. I believe in this case, AmeraMex is acting as the dealer. I may be off as my memory is not that great, but I think it was mentioned that Ameramex was providing training on operation and maintenance of the equipment as part of the deal. Someone with a better memory, feel free to correct me on that.
As far as soliciting bids, I would have to say once again, this would not typically involve manufacturers directly. The bids would originate from the sales department of the dealership. Once again, I believe that AmeraMex is filling that role. I'm actually hoping that they will be providing parts for maintenance and repairs as well.
This is all IMHO as always
Thanks Manhattanman
I think so as well. It won't be much longer before we know for certain.