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Nope:
The Port of Los Angeles and San Pedro Bay Port Complex are on heightened alert due the COVID-19 pandemic. The U.S. Coast Guard is assessing all inbound vessels and there are currently no reports of any vessel impacts due to COVID-19 at any of Port of Los Angeles terminals. Cargo operations continue to run smoothly, with no congestion or disruption.
The Port of Long Beach- The Port is open for business; terminals are open and operating. We have been open without interruption throughout the coronavirus crisis.
[/b]San Diego - Cargo operations continue at the Port's Tenth Avenue and National City Marine Terminals.
agreed...Like I said if you ever do an aerial view of the address you will see you could drive right by it and never know you did...just don't have enough for any big deals. That is what caterpillar does:
https://www.google.com/maps/place/3930+Esplanade,+Chico,+CA+95973/@39.7914591,-121.8973332,429m/data=!3m1!1e3!4m5!3m4!1s0x8082d93423564491:0xdc986c00fb25cba0!8m2!3d39.7920609!4d-121.8967807
They might but I wouldn't hold my breath on that...since I first saw AMMX in 2013 it has been sub penny many many times...only thing that changed was the up-list. Any supposed big multi million dollar deal never happened and there had been many which was close to a billion dollars of unseen dollars
I doubt it...just be pink again...the uplist hasn't helped the pps at all so why would they care
That is a bit of an exaggeration... It was only around 800,000 times
AmeraMex International Receives $108,000 Rental Agreement
CHICO, CA / ACCESSWIRE / July 6, 2020 / AmeraMex International, Inc. (OTCQB:AMMX), a provider of heavy equipment for logistics companies, infrastructure construction and forestry conservation, announced that it has entered into a rental agreement totaling $108,000 annually.
The order is for a 40,000-pound capacity Taylor Machine Works' forklift which will ship to a port facility in Seattle, WA this week. The rental agreement is for 12 months with the option to purchase for $180,000.
The Company also announced the bid price for its common stock has closed below $0.01 for more than 30 consecutive calendar days and currently does not meet the Standards for Continued Eligibility as per the OTCQB Standards, which states that the company must "maintain proprietary priced quotations published by a Market Maker in OTC Link with a minimum closing bid price of $.01 per share on at least one of the prior thirty consecutive calendar days."
The company has been granted a cure period of 90 calendar days (September 29, 2020) during which the minimum closing bid price for the Company's common stock must be $.01 or greater for ten consecutive trading days in order to continue trading on the OTCQB marketplace.
CEO Lee Hamre commented, "We have persisted through a number of setbacks to be listed on the OTCQB. The current Covid-19 virus situation has caused our sales to slow down but activity is picking up once again as companies are returning to work. We feel that with increased sales and additional exposure within the financial community, the price of our common stock will once again be trading over the OTCQB standard for continued eligibility. We appreciate our shareholders' continued support."
Market is up...has nothing to do with ammx
220K wow...That should really get the needle moving lol
The Board believes it would not be in the best interests of our company and our stockholders to incur the costs of holding an annual meeting or of soliciting proxies or consents from additional stockholders in connection with these actions. Based on the foregoing, the Board has determined not to call an Annual Meeting of Stockholders, and none will be held this year.
https://www.sec.gov/Archives/edgar/data/1776048/000109991020000047/ammx_def14c.htm
Focus Graphite (OTCQB:FCSMF -7.5%) announces that Gary Economo, President and Chief Executive Officer will retire effective June 30, 2020.
The company has commenced a search for a new President and CEO
Doesn't seem to matter other than the money that was spent (again) They were approved for OTCQB July 30th 2019...Close PPS that day 0.0190
Almost a year later..current PPS .0098 seems like alot of work and money for nada
won't get it
No worries man...I think this could easily hit .0086
Plus $150K salary and $120K salary for CFO so that is $270K a year which is a nice chunk for a company that had a $90K net loss last year and only 800K net gain the year before.
2019 - $90,000 net loss and 2 current lawsuits stick out
LOL True...made me think they went back to the old playbook of mentioning massive overseas deal possibilities. Never happened but would sometimes cause a little spike
It won't
That is the OTC Rule:
[quote]All OTCQB companies must meet the minimum bid price of $. 01 per share at the close of business of at least one of the previous thirty (30) consecutive calendar days; in the event that the price falls below $. 01, the company will begin a grace period of 180 calendar days to maintain a closing bid price of $.[/quote]
You won't get an argument out of me on that
They still get 180 days if they do get the letter...They could manipulate the bid price themselves. Why I think Lee said they were not worried about it. Don't get me wrong still pretty pathetic either way.
All OTCQB companies must meet the minimum bid price of $. 01 per share at the close of business of at least one of the previous thirty (30) consecutive calendar days; in the event that the price falls below $. 01, the company will begin a grace period of 180 calendar days to maintain a closing bid price of $.01
So yeah closing at .01 resets that clock...as yesterday was an example.
5,000 shares or a whopping $50 bucks took it from .0096 to .01
Probably drop back to sub penny again
They gave themselves an out like always...They said UP to 50,000,000 share buyback. So that means anything from 1 to 50,000,000 and technically they didn't lie in writing. Not sure why people are surprised though as AMMX has done this same thing for over a decade. Just a quick 10 year cross section without averaging every year...close enough to get the gist
Jun 01, 2010 - 0.0120 Close pps
Jun 01, 2015 - 0.0141 Close pps
May 01, 2020 - 0.0095 Close pps
.0118 average as just a cross section
AmeraMex International Reports Revenue of $1.7 Million For the First Quarter Ended March 31, 2020
CHICO, CA / ACCESSWIRE / May 4, 2020 / AmeraMex International, Inc. (OTCQB:AMMX), a provider of heavy equipment for logistics companies (stevedoring/shipping), infrastructure construction, and forestry conservation reported financial results for its first quarter ended March 31, 2020.
Highlights for the First Quarter of 2020
Revenue was approximately $1.7 million, compared to revenue of $2.4 million for the 2019 period. Many of the new equipment orders received in the first quarter will not ship until September.
One of AmeraMex's largest customers had to delay a large order placed in the first quarter until they receive final confirmation from the State of California for their new contract in a port facility. The customer expects that, after California goes back to work, the contract will be quickly reactivated.
Gross profit was approximately $492,687 compared to gross profit of $642,170 for the period ended March 31, 2019.
Net loss was <$60,000> compared to a net loss of <$282,618> for the first quarter ended March 31, 2019. This is due in part to the extinguishment of debt in the first quarter of 2019.
Total Assets on the Balance Sheet increased $2.3 million and included a $530,804 Deferred Tax Asset. Total Liabilities increased from $11.4 million in the comparable first quarter of 2019 to $13.7 million for the 2020 first quarter.
COVID-19 Update
AmeraMex has been approved by the Small Business Administration (SBA) for the following financial assistance:
The Company will receive $228,442 under the SBA Paycheck Protection Program.
The Company has been approved for up to $2 million by the SBA for a Disaster Assistance Loan. The amount of the loan and the loan terms will be provided shortly.
AmeraMex is mandating a work-from-home policy for its sales, administrative, and accounting employees. Shop employees are busy servicing contracts with our essential customers and are often traveling to do so. They are practicing social distancing and we are only allowing one customer in the facility at a time.
AmeraMex CEO Lee Hamre commented, "We have worked out payment schedules with our customers in need of assistance and, in turn, have accepted all assistance offered by our vendors. This, along with the SBA programs will provide the cushion needed to maintain a full staff and have no layoffs.
Hamre continued, "We have had several deals in the works that have been put on hold and we are confident that once California is open for business, we will be able to move swiftly to get these new deals completed."
The Company has been in contact with its outside contractors and based on the information provided to AmeraMex CFO, Hope Stone, the Company will file a Form 12b-25 to extend the deadline for the Annual Report from May 14, 2020 to May 29, 2020. The Company will also issue a Form 8-K to extend the deadline for the Quarterly Report on Form 10-Q for the three months ended March 31, 2020 from May 15, 2020 to June 29, 2020 due to COVID-19 related issues. .
About AmeraMex International
AmeraMex International sells, leases and rents heavy equipment to companies within multiple industries including construction, logistics, mining, and lumber. AmeraMex, with a US and international customer base, has over 30 years of experience in heavy equipment sales and service. Follow AmeraMex on Twitter @ammx_intl and visit the AmeraMex website, www.AMMX.net or www.hamreequipment.com for additional corporate information, online heavy equipment inventory/ pricing and videos.
Forward-Looking Statements
This press release contains forward-looking statements. All statements other than statements of historical facts included in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by words such as "believe," "expect," "anticipate," "plan," "potential," "continue" or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Investors are encouraged to review the Company's filings with the Securities and Exchange Commission. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company's control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company's current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
AMERAMEX INTERNATIONAL, INC.
UNAUDITED STATEMENT OF OPERATIONS
FOR THE THREE MONTHS AS OF MARCH 31, 2020 AND 2019
THREE MONTHS THREE MONTHS
MARCH 31, 2020 MARCH 31, 2019
REVENUES
Sales of Equipment and Other Revenues
$ 1,175,660 $ 1,770,053
Rentals and Leases
512,566 673,839
Total Revenues
1,688,226 2,443,892
COST OF SALES
Sales of Equipment and Other Revenues
957,164 1,565,536
Rentals and Leases
238,375 236,186
Total Cost of Revenues
1,195,539 1,801,722
GROSS PROFIT
492,687 642,170
OPERATING EXPENSES
Selling Expense
89,656 81,233
General and Administrative
233,054 204,617
Total Operating Expenses
322,710 285,850
Profit (loss) From Operations
169,977 356,320
OTHER INCOME (EXPENSE)
Interest Expense
(253,494 ) (179,245 )
Loss from Early Extinguishment of Debt
- (566,838 )
Other Income
(1,302 ) 517
Total Other Income (Expense)
(254,796 ) (745,566 )
INCOME BEFORE PROVISION (BENEFIT) for INCOME TAXES
(84,819 ) (389,246 )
PROVISION (BENEFIT) for INCOME TAXES
(24,597 ) (106,628 )
NET INCOME (LOSS)
$ (60,222 ) $ (282,618 )
Weighted Average Shares Outstanding:
Basic
753,415,879 753,415,879
Diluted
753,415,879 753,415,879
Earnings (loss) per Share
Basic
$ 0.00 $ 0.00
Diluted
$ 0.00 $ 0.00
AMERAMEX INTERNATIONAL, INC.
UNAUDITED BALANCE SHEETS
AS OF MARCH 31, 2020 AND 2019
MARCH 31, 2020 MARCH 31, 2019
ASSETS
Current Assets:
Cash
$ 174,497 $ 57,986
Accounts Receivable, Net
851,459 716,084
Inventory
6,652,505 4,455,236
Other Current Assets
288,023 235,673
Total Current Assets
7,966,484 5,464,979
Property and Equipment, Net
1,099,283 942,351
Rental Equipment, Net
3,595,769 4,504,321
Deferred Tax Asset
530,804 -
Other Assets
474,357 494,008
Total Noncurrent Assets
5,700,213 5,940,680
TOTAL ASSETS
$ 13,666,697 $ 11,405,659
LIABILITIES & STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts Payable
$ 680,618 $ 2,565,403
Accrued Expenses
106,715 93,260
Notes Payable, Current Portion
15,000 60,000
Total Current Liabilities
802,333 2,718,663
Long-Term Liabilities
Deferred Tax Liability
905,038 216,409
Notes Payable - Related Party
313,906 348,984
Notes Payable, Net of Current Portion
3,463,064 132,880
Line of Credit
5,646,417 6,031,287
Total Noncurrent Liabilities
10,328,425 6,729,560
TOTAL LIABILITIES
11,130,758 9,448,223
Commitments and Contingencies (Note 11)
STOCKHOLDERS' EQUITY:
Stockholders' Equity
shares issued and outstanding
- -
December 31,2018
753,416 754,017
Additional Paid-In Capital
20,781,087 20,785,924
Treasury Stock
- (5,438 )
Accumulated Deficit
(18,998,564 ) (19,577,067 )
Total Stockholders' Equity
2,535,939 1,957,436
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY
$ 13,666,697 $ 11,405,659
- -
AMERAMEX INTERNATIONAL, INC.
UNAUDITED STATEMENT OF CASH FLOW
AS OF MARCH 31, 2020 AND 2019
MARCH 31, 2020 MARCH 31, 2019
CASH FROM OPERATING ACTIVITIES
Net Income (Loss)
$ (60,222 ) $ (282,618 )
Adjustments to reconcile Net Income (Loss) to
Depreciation and Amortization
323,702 271,829
Provision for Deferred Income Taxes
(24,597 ) (85,271 )
Loss on Early Extinguishment of Debt
566,838 566,838
Changes in Operating Assets and Liabilities:
Accounts Receivable
(200,281 ) (84,279 )
Inventory
(1,748,676 ) (2,090,972 )
Other Current Assets
14,243 53,387
Accounts Payable
91,669 1,256,369
Accrued Expenses
8,939 (25,030 )
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES
(1,028,385 ) (419,747 )
INVESTING ACTIVITIES:
Payments for Property & Equipment
1 (46,201 )
Payments for Rental Equipment
(35,620 ) (97,028 )
NET CASH PROVIDED BY INVESTING ACTIVITIES
(35,619 ) (50,827 )
FINANCING ACTIVITIES:
Proceeds from Notes Payable
3,233,808 126,000
Payments on Notes Payable
(7,751,655 ) (5,730,795 )
Payment on Note Payable - Related Party
(4,568 ) (4,659 )
Net Proceeds Borrowing Under Line of Credit
5,646,412 5,940,262
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES
1,123,997 330,808
NET DECREASE IN CASH & CASH EQUIVALENTS
59,993 (139,766 )
Cash, beginning of period
114,504 197,752
Cash, end of period
$ 174,497 $ 57,986
SUPPLEMENTAL DISCLOSURES OF CASH FLOW
INFORMATION:
Cash Paid for Interest
$ 253,494 $ 179,245
Cash Paid for Income Taxes
$ (24,597 ) $ (106,628 )
SUPPLEMENTAL DISCLOSURES OF NON CASH INVESTING
AND FINANCING ACTIVITIES:
Transfer of Inventory to Rental Equipment
$ - $ -
Transfer of Rental Equipment to Inventory
$ - $ -
Investor and Media Relations
McCloud Communications, LLC
Marty Tullio, Managing Member
Office: 949.632.1900 or Marty@McCloudCommunications.com
SOURCE: AmeraMex International, Inc.
View source version on accesswire.com:
https://www.accesswire.com/588099/AmeraMex-International-Reports-Revenue-of-17-Million-For-the-First-Quarter-Ended-March-31-2020
AMMX is in full production for what they are...a small mostly used heavy equipment company in Chico. AMMX doe not have the space or resources to grow beyond what they are. If you drove past their location you would not say Oh yeah, that looks like they are a major player. It is just a small lot located between a Kwiki Mart and a mobile storage lot...You would drive right past it and never know unless you stopped at the Kwiki Mart
https://www.google.com/maps/place/3930+Esplanade,+Chico,+CA+95973/@39.7919156,-121.8972595,215m/data=!3m1!1e3!4m5!3m4!1s0x8082d93423564491:0xdc986c00fb25cba0!8m2!3d39.7920609!4d-121.8967807
Sure do lol
AmeraMex International Hosts 2020 First Quarter Financial Conference Call
CHICO, CA / ACCESSWIRE / April 28, 2020 / AmeraMex International, Inc. (OTCQB:AMMX), a provider of heavy equipment for logistics companies, infrastructure construction, and forestry conservation, has scheduled its 2020 first quarter conference call, on Monday, May 4 at 11:00 a.m. Pacific Time, 2:00 p.m. Eastern Time.
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 May 4, 2020 at 5:00 p.m. Eastern Time until May 18, 2020 at 11:59 p.m. Eastern Time. The replay is accessible by dialing 1.412.317.6671 and entering pin number 13702846.
exactly
It is not one person...I have seen this since 2013 and in 7 years AMMX does the same thing repeatedly...sub penny to .02 cents or maybe a little higher and hang around for awhile and eventually go back sub penny...wash rinse repeat...the only thing that has changed are the names of the people that post. Bottom line AMMX is tradeable but not holdable
If I had one share for every time someone said this company was undervalued I would own the company lol...
Covid19 will take the blame:
https://www.sec.gov/Archives/edgar/data/1776048/000109991020000010/ammx_8k.htm
I have seen it since 2013 I know what to expect
The net profit is the truth no matter how they spin it...but go ahead and add that number and you still get less than 1 million net profit and that is weak also...You have made the same comment before BRO LOL
The real number to look at is this: The Company reported Net Income for the year of approximately $337,00. weak...very weak
https://ammx.net/investor-relations/
Not much to listen to and two questions were asked. No stock has been bought back yet...10K won't be filed for 2 months. Seems like a weak excuse since if you go to the sec edgar site you can see all the 10K's that have been submitted this month...either way the link is the CC playback
I don't know...haven't listened to a call in a long time...see when the transcript comes out