AmeraMex International Inc. (AMMX)

[gtoken65]

I am not particularly happy with the PPS at all but seriously a share buyback is not in the cards and shouldn't be with no more cash than they have. With 660,280,879 million shares outstanding even a 10% buyback would be 66 million shares and about $588,000 dollars at current PPS. They don't have that cash to spend. Anything less would not be a blip in the pps. Only hope here is they actually get some contract that is in the millions and have a bigger revenue stream. Employees don't even have health care...that is sad. They could start by firing the guy in Mexico. Lee said the new business they got was not from him but because of old deals from before. A whole year and he brings in no new business? Same as the two people they supposedly have in Niger. Nothing has been resolved and newer items on the table with Mali and Nigeria was apparently from Lee going over there multiple times. Get rid of those two guys also. If core business is getting better I honestly believe they could do better with just that. A lot of money is spent going back and forth to Africa with not really that much to show for it. JMO
I agree that did seem to be some distancing from the Niger deal in this last call.