AmeraMex International Inc. (AMMX)

[micham2012]

News of an actual, signed deal would obviously be a major short term boost to the stock price -- a major selling opportunity, in my view -- but I think it is important to remember that a contract is not the same thing as payment. There isn't anyone in Niger or Nigeria (or China for that matter) that cares anything about contract law.

What also bothers me is that the Company likes to describe these deals as a "$300 million truck deal" or something equally dramatic. But all that AMMX will get, if anything, is some kind of finder's fee or brokerage commission. And once Niger or Nigeria or whoever has the trucks, why would they ever pay anything to AMMX? The fact is that AMMX does not make trucks and does not have money -- apparently Lee has "relationships" of some kind.

In the meantime, the Company is a very viable business that is seriously undervalued, but that no-one seems to take seriously because of a lot of nonsense about $300 million Africa/China truck deals.