AmeraMex International Inc. (AMMX)

[ivorytowerboy]

Hi Orca: I think there's a 90% chance that the Oshkosh Defense Canada dealership in Nigeria will come through although not necessarily in the timeframe we want or expect. The Nigerian government has three sectors of unrest...in the Niger Delta, in middle (Fulani herdsmen killing farmers), and Boko Haram in the northeast. On top of that, the President is busy trying to collect tens of billions of dollars that were looted from the nation's coffers by the previous administration, and he has fallen ill (vertigo from Meniere's Disease). At the other end, Oshkosh Defense just got a new President a couple of days ago. So, there are lots of uncertainties but all parties (AMMX, Oshkosh and President Buhari) are sworn to open dealings without corruption.
The second Nigerian deal in the pipeline is a dryport in Ajuba. AMMX would be partnering with a NIgerian construction firm that I have tentatively identified as (i.e., guessed to be) Dantata-Sawoe. This company is run by one of the richest, best connected families in Africa. I believe they are in the good graces of the President (Hence, Lee's meeting in the Presidential Villa in Ajuba). I believe Lee also tried to partner with his company in 2009 but the deal fell through. I would guess that the chances of this deal coming through are about 50%.
A third African deal would be the contractor in Mali who has bought equipment from AMMX before. I would place the chances of this coming through at 50%.
A fourth possibility in the African pipeline is the Niger truck deal... I think this has been tabled (~10% chance).
Other possible deals in the two Congos and Angola seem highly unlikely to me since those are three very corrupt countries.
Even if none of the African deals come through, AMMX is still a profitable company (nine straight quarters), that will complete its SEC audit in late September and get listed on the OTCQB, and which is on pace for a record $12M year in 2016. `