AMMX - AmeraMex International Inc. - O/S is 753 Million - Latest close on 5/17/2019 - .02 - Market Cap - 15 Million
There has been no dilution/Shares sold this year, and Revenues for FY2019 will be above the Market Cap. AMMX has basically been in a Pennant Formation since last August, which is a long time for OTC Stocks - It has just recently moved up out of that pattern.
AMMX just filed a Form 10 with the SEC to bring the financials current, and should be going to the OTCQB in the near future. Here is a Link to the Form 10 - http://archive.fast-edgar.com//20190510/AOZ2N22CZ22Z5252222D22Z2QTPSNZ2R22B2/
AmeraMex International Reports Revenue of $2.6 Million For the First Quarter Ended March 31, 2019
AmeraMex announces that it has submitted its Registration Statement and Form 10 to the SEC - https://www.otcmarkets.com/stock/AMMX/news/story?e&id=1355887
Highlights for the First Quarter of 2019*
- Revenue was approximately $2.6 million, a 44 percent increase when compared to revenue of $1.8 million for the 2018 period.
Gross profit was approximately $967,385 compared to gross profit of $414,975 for the period ended March 31, 2018. This is an increase of 133 percent.
Net income of $692,774 was a significant increase when compared to net income of $43,088 for the first quarter ended March 31, 2018.
The audits for 2018 and 2017 are complete.
The Company secured a $6.6 million line-of-credit.
AmeraMex International Reports a 16 Percent Increase in Revenue and a 24 Percent in Gross Profit for the Year Ended December 31, 2018 - https://www.marketwatch.com/press-release/ameramex-international-reports-a-16-percent-increase-in-revenue-and-a-24-percent-in-gross-profit-for-the-year-ended-december-31-2018-2019-03-18-81845956?mod=mw_quote_news
Revenue up from 8,709,534 to 10,062,500
Gross Profit up from 4,147,120 to 5,131,464
Net Income up from 842,189.00 to 1,409,292.00
Notes on the conference call ...
There are no plans for a Reverse Split ...
The Auditited financials will be sent to the lawyers no later than April first which is a couple of weeks from now. They should be released not too much later. A big delay was traveling to verify all the Rental Equipment Serial Numbers.
Once the financials are bought up to date, AMMX will be uplisting to OTCQB.
A 6 Million low interest credit line has been approved for equipment. The Rental Inventory has increased from 2 to 10 Million in inventory over the last year.
First Quarter sales will be in excess of 4 Million dollars, which would equate to over 16 Million Annually vs. 10 Million for the year ended Dec 31, 2018.
There is an Acquisition/Merger Strategy being planned which would be a ways down the road.
Good Luck to All!!!