Replies to post #162723 on Value Microcaps Motherboard

[Traderfan]

But revenues are down 63% quarter over quarter from $2.8 million in Q1 to just over $1 million. The stock has been hit hard accordingly since Q2 was announced.

No, that's not correct. The most recent decline has zero to do with the earnings report they filed. On august 14th they had a PR that the huge Niger deal is another 6-8 weeks delayed since they have to wait for the funding package agreement and it takes way longer than anticipated and than they were told. AMMX created the impression with various PR's lately that the signing of that 3-500 million Niger deal was basically imminent, because that was what they have been told but then again it's Africa and everything goes slow there. When they came out with the delay, the stock started tanking the next day. Way before they announced their numbers. Just look at the chart and the date of the PR below.


http://www.otcmarkets.com/stock/AMMX/news/AmeraMex-International-Reports-Sales-of--420-000?id=86195&b=y