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pro bono

06/02/17 10:22 AM

#34671 RE: jamest357 #34668

AMMX stalls again! What went from AMMX to submit to SEC in Jan 17 to NOW --- PER CFO Tracie Hannick, the audited financials for year-ended 2016 are expected to be provided to the company's security attorney by the auditors before the end of June 2017 then what there's another 30 days plus for that process. AMMX is simply dragging their feet on this.
I love that "expected", just another way to sublimely state they're going to continue to slip out the release. Should we expect this may go on indefinitely?

There has to be information within their financials they are unable to overcome and don't want made public why else would they continue these delay tactics?

BornAtNight

06/02/17 10:49 AM

#34673 RE: jamest357 #34668

Thanks for the post James, I did not receive the usual email from AMMX that goes along with a PR. So, we see they are now working on year end financials to submit to a lawyer by the end of this month.
OK, we'll just have to take that on it's face. It is my opinion formulated by company performance history, that there is no doubt that they manage day to day operations and sales very well. Lee is a salesman, he brings home the bacon, BUY, that is all he is , a salesman, a very good one, but a salesman. What seems to be lacking here is overall competent management of the companies higher objectives on a corporate level. There have been too many instances of missed self imposed timelines on very crucial matters, the audits for instance. I was very surprised that AMMX achieved TRACE certification with apparent ease as there were no PR's announcing the company's desire to get the cert. there was no mention of any of the details as far as I can recall, it just came out of the blue one day.