American Resources Corp (AREC)

[RandyKCMO]

Quint... I was expecting this to be the 8-K for the Acquisition completed yesterday (2/21/19 https://www.otcmarkets.com/stock/AREC/news/story?e&id=1291589).

Guess that one will be forthcoming. I'm curious to hear the terms. If the acquired mining operations were worth $26.9 Million... and the purchase was completed mostly with stock, I wonder how many shares were expended for the purchase.

The IPO did move AREC to the NASDAQ Capital Market. The acquisition announced midday yesterday is close in proximity to current operations and has the valuable High-grade Metallurgical Coal (A and B).

I think 2019 will be a banner year for AREC. On OTC Markets, as of 2/1/19, there were 18,150,003 shares outstanding. with the IPO of 1,000,000 shares, plus 150,000 for over-allotment, out total would be roughly 19.3 million shares outstanding.

The public float had been 892,044 plus 1 million from the IPO... still means that AREC is still a pretty low-float company and could be prone to some pretty serious market fluctuation.

Still long and strong... and from I can tell... pretty safe and secure as we're near a $4 floor.