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Eh, in the grand scheme of things it's not a long time. Quarterly reports will show the real story. The potential for this company has been enticing for awhile. The way I see it, this stock will end up either a 50+ bagger or go to 0. I don't see it languishing for years, there will be a definitive outcome. Don't mind taking the risks. As "bad" as the CEO supposedly is, he's better than 99% of other penny stock CEOs out there
When is quarterly/annual report due?
The thing about this company is that they won't be issuing shares to raise capital so any selloff is a buying opportunity for long-term investors. The next year will prove if Alex can follow through. Just a little more patience is required. Quarterly reports should give us real insight. These daily swings in the price don't mean anything.. well, except for the short-term traders
Alex gets major points for securing this initial financing. If he says he doesn't want to disclose the terms of the deal because he has other financing deals in the works, I believe him. He's doing what's best for the company long-term. I will keep loading when I get some more dry powder
How did it trade for .008703? I thought prices didn't go out past 4 decimal places
Does anyone know if this company has ever had splits(forward or reverse)? I know he doesn't intend to do anything like that in the future but I'm curious about the past
Not a 0% chance, 20 cents is only a 200 million market cap. If Alex announces additional financing/contracts then I could definitely see it hit .20. Still.. I don't actually think it'll get there for Q1. The hardest part is over now that units are being built, I'll be adding whenever I have dry powder.
I've had one 100x bagger penny stock in my career and I think this could be the next one. Q1 showing H20 revs will be what spike this up. There are still risks, but way less almost all other penny stocks
Also Dogs is a dedicated hater haha. Has to be a paid basher
What's FMV assuming they can achieve $50m in revenue next year? Market cap now is only around $4m
Non-dilutive and repaid from the revenue produced by the units. I like it. Alex came through finally but he needs to keep his eye on the ball. No more delays with revenue
Not directly, but I saw a comment on Twitter today that makes it seem like the legal case isn't over... yet:
"Can't comment on current and pending legal matters. CEO said he will come in later this week to update everyone on H2O:
It would suck to lose but he just needs to come through with the financing and I'll be alright. It's a penny stock for a reason but has potential. I'm willing to take the risk
I've been in the stock for 6 or 7 years so I will definitely keep an eye out for an Ionic IPO. Still.. AMNL had plenty of opportunities before Covid and rising rates to capitalize on their tech but squandered it. On to the next for now
That's a damn shame. Promising tech that we won't be able to profit off of
Anyone hear anything about this pos? I wonder if they are functioning at all
Sounds like the lawsuit with Ossifix definitely isn't over, which is all I was really looking for from the video. The rest of what he said is the same as before. H20 Funding is all else that really matters here. More waiting to see if he actually comes through.
That's what makes the most sense
Isn't a default judgement a final ruling? The Q2 financials stated UATG was "waiting to be served" with the lawsuit so there's something off here. We should see soon enough. Hopefully H20 is still on the right track with funding/construction.
What's fair value here? Seems like a steal at current pps
The problem with most OTC stocks is you don't know if the CEO is working in the company's best interest or just trying to line his own pockets. That is not a problem with Alex and UATG. He is a legit businessman and I believe he is trying to grow UATG. Now, he has failed so far this year, but he's making progress. Like a student going from a 0 to a 56: still failing but showing some progress. Everyone just needs to be a little patient.
(Also, just ignore Dogs)
What's fv here based on $40m in revs with little debt?
Bragging about selling out and posts on this board and ONLY this board. suspicious..
Good moves by the CEO. Progress is much slower than I hoped but progress nonetheless.
Focusing on H2O and Ossifix is the right play
I let Carney's actions do all the talking. He constantly posted financials late, updated shareholders maybe once a year, and has not executed on any business plans(whatever those were lol)
He doesn't care about us and even if he did it doesn't matter. This company is broke. This company doesn't need to declare bankruptcy. Reality will do it for them
Realistically, the next update we get is the AMNL bankruptcy filing. If they can hold on to the mine somehow I would buy in the new equity but I've pretty much written off this stock on my end.
It's not like I need Carney to send me a good morning text everyday. He just needs to communicate, period. The 2023 annual meeting was held in person when prior years they've been accessible online. Financials are late with no explanation. The business update from March was okay, but really we only get those once a year. And now he just puts out the 8k of a $31m default with no statement saying "we're working on resolving this" or anything to give shareholders a clue what the company's plan in. So yes.. I'm going to assume the worst when we get the worst news. If the company declares bankruptcy, it doesn't matter how successful halloysite or Dragonite or anything else is, common shareholders WILL be wiped out. Maybe you can profit by buying into company after the bankruptcy, but that's assuming the assets aren't absorbed by a private company. Too many unknowns here.
I still own over a million shares so of course I hope they succeed. Not counting on it though
There's plenty of negative with this company. And maybe you did speak with the CEO and he said those things but Salix laid out a pretty detailed summary of the dire position this company is in. The CEO is doing less than the bare minimum to communicate with shareholders. I want this company to succeed like (I'm assuming) everyone else on this board, but all the recent signs point towards failure.
Don't you get it, Salix? All AMNL needs to do is issue 83 billion shares to pay off the debt. It won't hurt the stock price or anything, it'll be smooth sailing
Yep.. think you're right about that
We all know about the massive debt and the company's inability to pay it. But also the company is delinquent in its filings and has been radio silent for months. They barely have any revenue and have no real way to raise cash(especially in this funding environment). I've been in this stock for 6 years and all the signs point to a likely bankruptcy. I hope I'm proven wrong
Hm.. yeah, like I said looking pretty grim. We might get wiped out here. Although I think the mine will somehow find it's way into another entity that doesn't benefit us at all
Alex came through with the initial funding. A major step and in a difficult financial environment. Don't worry about day-to-day stock price. I've been in a similar stock and it ran 50x. The same has a good chance of happening here unless the economy completely implodes.
Still no filings. Not looking good.
I don't think Alex is lying per se. but he may be a little optimistic considering the current funding environment.
https://www.zerohedge.com/markets/we-scrambled-and-spoke-well-over-100-banks-not-one-will-provide-financing
Smh so the company is delinquent in filings now. Wth are they doing?
Do financials have to be posted tomorrow or Monday? Not like I except anything special. Some company just needs to make a low-ball buyout offer so I don't have to look at this thing anymore. I'll take 5x from here, my cost basis is low enough haha
Where are you getting the medical division worth estimate?
This company is legit and Alex is better than most OTC CEOs. But he dropped the ball big time on this financing. Really should've been his #1 priority but he dragged it out and a bank crisis happened. Now, the funding is even harder to obtain. I think it still happens soon though
Just to be clear on this, are you saying the brokerages are loaning our shares out to short sellers?
Not the news I was waiting for still pretty good news. Alex is a good OTC CEO, but he needs to work on his estimates or at least make them more broad instead of saying "next week".
I would say dipping to .0022 is definitely ugly. AMNL has always been pretty bad with communication and execution and those are not good traits to have in this tough market environment. Especially within the last week or so. The share price will continue the suffer the longer they are silent.
Anyone know which banks the company was in discussions with? Alex did say in his last few videos that it's a difficult financing environment. I think it'll only get worse with what's going on in the banking sector right now.