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Tuesday, June 18, 2013 6:59:45 PM
The CEO owns well over a billion.
Beyond that, the dilution is the very heart of the stock market. They, AMHD, diluted the share count to raise money for necessary purchases. That is 100% the point of going public.
The major purchase to be made with the diluted shares was a biofuel processor that was never delivered. Let's be clear, the money was paid, the equivalent quantity of parts and services was not delivered.
We have all argued why the processor was not delivered, but the simple fact is that AMHD put out $312,500 and never saw a single nut, bolt, tank, control, power cord, sliver of sheet metal, etcetera. Not even a vinyl stick on logo was mailed out. Nothing was made available for Freight On Board either (FOB). (Did you know what FOB stood for???? Board refers to the shipping dock)
That FRAUD (taking $312,500 and delivering NOTHING) by the processor manufacturer was absolutely crippling to AMHD.
Under Fred's SUPERB leadership, AMHD has risen again to be a going concern. AMHD is on the brink of a breakout. Take a look at the sheer volume of real estate transactions made. Impressive. The fact that AMHD is on the brink of a breakout has some people absolutely nervous. WHY?
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