Tuesday, January 05, 2010 8:09:49 AM
I have been in since the pps was 2.2 cents. That was when AMHD was starting a bio diesel refinery in Nashua NH. I went to that site and inspected it personally. It was as PRd.
AMHD raised funds and paid Fitzsimmons Systems to build the refinery equipment. Fitzsimmons never finished it.
AMHD sued him because this failure to perform crippled the company. Meanwhile AMHD also had to find a new way to make money and branched out. The most promising of the ventures is in Barbados.....
Fitzsimmons filed CH7, AMHD is listed as a creditor....I have personally checked the filings on PACER.
Apparently AMHD is now starting to gain steam again and is once again on the brink of making some real money for themselves and investors.
I had the foresight to average down and am up significantly.
AMHD has about 4.3 billion shares outstanding....but the CEO personally owns about 600-700 million of them. That leaves just over 3.5 billion for the rest of us.
AMHD has ZERO shares to sell. Officers are limited to selling 43 million shares/quarter (1% of the float) and must file when doing so.
CEO has increased his share count steadily and every PR update indicates a larger position for him.
2 PRs ago indicated that there were other opportunities in the Caribbean.......My bet is.....something is brewing.
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