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maybe, .005 or below would be my call...if at all
Not hard to believe...AMMX has done this same cycle for years and years.
Gets up in the .015 plus range and then drops back down to sub penny...sits at sub penny for a good while then something drives it back up to .015 plus range and then poof sub penny again...Like clock work for years
Example:
Jan 01, 2009 Close .0080
Jan 01, 2010 Close 0.0170
Jan 01, 2011 Close 0.0150
Jan 01, 2012 Close 0.0180
Jan 01, 2013 Close 0.0180
Jan 01, 2014 Close 0.0082
Jan 01, 2015 Close 0.0116
Jan 01, 2016 Close 0.0077
Jan 01, 2017 Close 0.0067
Jan 01, 2018 Close 0.0068
Jan 01, 2019 Close 0.0147
Nov 25, 2020 Current .0068
where was that posted at? What they submitted 11/13/20 says different
https://backend.otcmarkets.com/otcapi/company/financial-report/263203/content
We assessed the effectiveness of our internal control over financial reporting as of September 30, 2020. In making this assessment, our management used the criteria set forth by the Committee of Sponsoring Organizations (“COSO”) of the Treadway Commission’s Internal Control-Integrated Framework. As a result of this assessment, we have determined that our internal control over financial reporting was ineffective as of September 30, 2020 with material weakness in our internal control over financial reporting continuing to exist at September 30, 2020, due, in part, to our continued inability to install and utilize a system wide work order software.
Lee couldn't figure out the buttons on the phone so they canceled it lol
not for long...just saying a typical year for AMMX is maybe .02 for some reason and then sub penny...year after year. The 52 week average as of today is a good reference...
52 Week Range 0.0060 - 0.0181
Probably typical year...not much changes from one year to the next with or without Covid.
Jan 01, 2018 0.0061
Dec 30, 2019 0.0088
Because they are just a very small used heavy equipment company with high overhead. Nothing more nothing less
Net loss for the nine-month period was approximately $(.508) million
Buying back stock was never going to happen....01 X 50,000,000 shares is $500,000 dollars. They have a little over 100K cash which is not even close and they would not blow all that cash on shares anyways.
They claim a R/S but nothing done so far...They got another SEC letter for dropping below a penny for over 30 days again (twice so far) The 50 million share buy back Never Happened. Kind of hard to buy back shares with no cash lol
You were right to sell...I sold 95% when it went to .035 or so...spends most of the time in the sub penny basement
0.0075 lol
I think he said Banana Split
Looks like they have 900 years to get it done so no biggie lol
The best they ever did was when they were lying about the Niger Truck deal...better to have bullshit drive the pps up than regular orders keep it sub penny
Per AMMX it is still under review by the SEC
.0089 lmao
Minimum price for Nasdaq is $1.00 and at basically a penny currently a 1 for 50 split doesn't meet that
They make very low net profit...so doesn't matter.
2019 Company reported Revenue of approximately $13.4 million
Net Profit $337,000
They are lucky to clear a million and operated at a net loss for years which had to be made up for...
Revenue for the year was approximately $23.6 million, an increase of 49 percent, when compared to revenue of
$15.8 for year end 2007. The net loss for the year was $570,678, a decrease, when compared to a net loss of
$573,930 for year end 2007.
For the year ended, December 31, 2009, the company reported revenue of approximately $8.3 million
and a net loss of ($501,451)
For the year ended December 31, 2010, the company reported revenue of approximately $3.4 million
and a net loss of ($322,503),
Not sure why anyone would think they would buy back 50 million shares when they don't have the cash to do it...plus by wording it as "UP to" 50 million shares means anything from 1 to 50 million. So if they bought back 1 share they did what they said. Still 50,000,000 x .01 would be 500K and they have like 100K cash
Yeah? So?
For some reason I think people think AMMX is a lot bigger than it is...you are correct .40 or even .50 cents is still a penny stock and they are basically just a very small used equipment company...you could easily drive past AMMX and never know it..just tucked in between a Kwik E Mart and mini mobile storage
https://www.google.com/maps/place/3930+Esplanade,+Chico,+CA+95973/@39.7916914,-121.8974807,511m/data=!3m1!1e3!4m5!3m4!1s0x8082d93423564491:0xdc986c00fb25cba0!8m2!3d39.7920609!4d-121.8967807
A reverse stock split turns the ordinary stock split on its head. In a reverse-split ratio, the second number is larger than the first. In a 1:50 split, shareholders get one share for every 50 old shares
switch that:
a reverse stock split ratio of one for 50
30 million shares at .01 is $300,000
$300,000 in AMMX LMAO
lose not loose
all that but yet sub penny again ...sad 0.0083
Nasdaq LMAO...Can barely stay on the OTCQB
The Nasdaq has four sets of listing requirements. Each company must meet at least one of the four requirement sets, as well as the main rules for all companies.1?
Listing Requirements for All Companies
Each company must have a minimum of 1,250,000 publicly traded shares upon listing, excluding those held by officers, directors or any beneficial owners of more than 10% of the company.
Also, the regular bid price at the time of listing must be $4.00, and there must be at least three market makers for the stock.
However, a company may qualify under a closing price alternative of $3.00 or $2.00 if the company meets varying requirements.
Each listing firm is also required to follow NASDAQ corporate governance rules 4350, 4351 and 4360.
Companies must also have at least 450 round lot (100 shares) shareholders, 2,200 total shareholders, or 550 total shareholders with 1.1 million average trading volume over the past 12 months.
No pin needed...just click the speaker icon on the August 10th recent events and put in your e-mail address. Comes right up
https://ammx.net/investor-relations/
CHICO, CA / ACCESSWIRE / August 10, 2020 / AmeraMex International, Inc. (OTCQB:AMMX), a provider of heavy equipment for logistics companies, infrastructure construction, and forestry conservation, reports revenue for its second quarter and six-month period ending June 30, 2020.
The Company’s revenue for the second quarter and six-month period was negatively affected by COVID-19 restraints as was that of its customers. The first month of the third quarter has already experienced a revenue turnaround. For the month of July through August 4, the Company reported sales in excess of $2.2 million. Based on potential order backlog and activity, AmeraMex management strongly believes that the second six months of 2020 will be outstanding.
Second Quarter Ended June 30, 2020
The company reported revenue of $1,782,658 compared to revenue of $5,473,041 for the second quarter of 2019. This represents a 67 percent decrease when compared to the second quarter of 2019.
Gross profit for the quarter was $430,288 compared to gross profit of $605,604 for the second quarter of 2019. Gross profit as a percentage of revenue was 24 percent compared to 11 percent for the second quarter of 2019.
The net loss for the quarter was $(439,840) compared to net income of $24,032 for the second quarter of 2019. This loss is attributed, in part, to a one-time operating expense of $428,700.
Six-Month Period Ended June 30, 2020
Revenue for the six-month period was $3,221,154, a 59 percent decrease when compared to revenue of $7,916,933 reported for the comparable six-month period of 2019.
Gross profit for the six-month period was $874,499 compared to gross profit of $1,247 ,674 for the six-month period of 2019. Gross profit as a percentage of revenue was 27 percent for the six-month period compared to 15 percent for the six-month period of 2019.
The net loss for the six-month period was $(567,919) compared to a net loss of $(258,586) reported for the comparable six-month period of 2019.
AmeraMex’s CFO, Hope Stone, presented at the OTC Markets Online OTCQB Venture Company Investor Conference on August 6, 2020. A replay of Stone’s presentation is available, via registration, on the OTCMarkets.com website.
As a reminder, the public is invited to participate today in the Company’s second quarter conference call at 11:00 a.m. PT, 2:00 p.m. ET. The conference call dial-in number for both U.S. and international callers is 1.201.689.8560. Please dial in to the conference center five minutes before the call begins and ask the operator for the AmeraMex conference call. An audio replay of the call will be available from August 10, 2020 at 5:00 p.m. ET until August 24, 2020 at 11:59 p.m.ET. The replay is accessible by dialing 1.412.317.6671 and entering pin number 13707920
Only depends on net income...they made $13,396,424 last year but only had Net Income of $337,447...so $15 million this year may or may not equate to much net gain
tick tock lol
The Port of Seattle supports efforts to limit the spread of COVID-19 while maintaining essential operations. In response to Governor Jay Inslee’s “stay at home” order issued on March 23, 2020, Port of Seattle Commission President Peter Steinbrueck made the following comment: “Critical Port facilities and operations are still open. Cruise ships got hit but that is not essential...Seattle has alot more issues than ports right now...
Just do a search on Seattle ports...that is all did for that info