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Saturday, November 08, 2014 1:27:24 AM
Just catching up on the latest chatter. I may be new to investing, but I have some experience in heavy equipment, so I will try to answer some of the questions asked.
Why didn't they go with the company that Mik pointed out?
One, they may not deal with on highway trucks. I could have missed it, but I didn't see any in their product lineup. Two, AmeraMex may have outbid any other local businesses. Lee already stated he went with the Chinese manufacturer because they were significantly cheaper.
Who will do the modifications to the trucks?
I know for a fact that the big names in heavy equipment offer standard packages for the equipment they sell to make them compatible with the environment they will operate in. Anything from high altitudes, to freezing temperatures, to desert conditions. I don't know who this Chinese manufacturer is, but if they sell internationally, I can almost guarantee they offer these packages for their products as well.
Drawings and manuals in other languages? Anyone think Caterpillar doesn't offer service and operator manuals in any of the know languages in the world? If your dealing on an international level, this is a non issue in this day and age.
And finally, against my better judgment, I will reply to Jeff's comment that none of us expected the price to drop this much. I was lucky enough to buy in the sub penny range, but averaged up, buying clear up to .032, betting the deal would go through before now. I am not yet in the red, but it's close and I have lost almost all the gains I had originally. I can't speak for everyone here, but I had no doubt we would take a beating if the Niger deal was delayed further. I actually expected worse. Just remember, the numbers in your portfolio are just numbers. They don't become real until you sell. I have already disclosed that I am fairly new to trading on the OTC, so take my opinion for whatever it's worth. Either ride it out or sell. You have to decide for yourself. But me personally, I'm holding.
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