AmStem Corporation (fka AMST)

[MinnieM]

You've got to realize it's been "a couple weeks" for a long time now. The company still has all of the research going for it. A lot is in the pipeline. But, it also has a new management team that for whatever reason, believes in keeping things from shareholders. This is a serious issue.

Whatever the problem is/was will eventually be known. They should have simply said they inherited an issue and here is how we are dealing with it. And, move on. Since they haven't done that I believe we are left with two options.

A. The issue still isn't resolved.
B. We simply have uncommunicative management.

I believe we are looking at A and still have an issue. That is why I'll be a buyer here after the consolitdated financials actually get filed.




In Reply to 'buckyboy'

I believe there were major issues uncovered by new management which has ultimately led to a long period of silence as the problems are corrected. Nobody has a crystal ball, but hindsight tells me that the 10K should have never been filed (the one that was rejected). Everyone was caught with their pants down on this one. However, I think they will ultimately be successful. The company (Dwight) has obviously taken an ultra conservative approach with respect to shareholder updates. He has a two year contract with the company and he has only been in the position for four months. His first four months has evidently been spent cleaning up a few major problems. I trust his experience and his industry connections to make this a success. This is absolutely a very high risk very high reward situation. You either understand the potential value of the investment and trust the current team to unlock its value, or you don't. I do! I continue to add at these lower levels. The S. Koreans are still partying...we may not see an update for a couple weeks (hopefully we see one). Best wishes to all.