Replies to post #20397 on AmeraMex International Inc. (AMMX)

[ForReal]

Mr Mutt

On July 1 ABC company announces that it is bringing to market a revolutionary product Aug. 1 (Share price shoots up 200%)

On July 15, ABC company reports a delay in bringing product to market until Sept. 1 (Share price closes lower)

On Aug. 20, ABC Company announces a further delay for bringing product to market until Oct. 15 (Share price closes lower)

Now, what happens to the share price and confidence in ABC Market bringing this product to market? (Share price closes below June 15 closing price).

In essence what we are seeing is a combination of failed past African contracts and a constant delay to the existing one. Those actions have been factored into the current share price, more so than the prospect of the Niger contract. AMMX is in a "Wait & See" mode of trading.

[jamest357]

I know what you mean. I also have invested a lot more here than I typically would in one of these stocks. I was really surprised to find a company that has been around as long as Amerimex. I liked the fact that they had survived through 2008-09 and had actually started becoming profitable again after. I like that their profit is growing each year based solely on the core business, plus the possibility of these large contracts they have been working on for so long. I may be naive, but I like the story here and think the CEO is sincere in his desire to expand this company. I realize the risk. If the contract falls through for any reason, the PPS will most likely take a a bad hit. If it get confirmed, well, this is penny land and anything can happen, but I have watched huge spikes in PPS on other stocks based on less. This is all IMHO as always :-)