Replies to post #2827 on Amplitech Group Inc (AMPG)

[mikeonmicrocaps]

Not sure what your motives are. Recently you posted bullish comments about AMPG

TrendTrade2016 Thursday, 07/09/20 05:17:35 AM
Re: None 0
Post # of 2828

AMPG heating up!!! Test that 12c and 14c next. Spectacular weekly!!


Toxic note? What are you referring to? Be specific I hope you are not referring to this. If so you lose all credibility.

On September 12, 2019, Amplitech Group Inc. acquired the assets of Specialty Microwave Corporation (SMW), a privately held company based in Ronkonkoma, NY. The purchase included all inventory, orders, customers, property and equipment, and all intellectual property. The assets also included all eight team members of SMW. The total consideration paid was $1,143,633, consisting of $668,633 in cash and a $475,000 promissory note with an interest rate of 6%. The Company also entered into a five-year lease on the property located at 120 Raynor Avenue, Ronkonkoma, NY with an option to buy the property during the first two years of the lease for $1,200,000 and then at fair market value for the remainder of the lease term (see Note 4).

[Kizersosae]

It was needed to obtain Specialty Microwave. One step back to take two steps forward. That note will be paid off quick. They increased their staff with the SMW merger and are able to process larger orders. They already announced 800k of orders after opening up after COVID-19 and a 500k GSA Contract. They are setting themselves up for more and more governmental contracts and a potential buyout. But a buyout is just a cherry on top. I’m not saying that this is a buyout play. It’s a 5G governmental contract play. And there is lots of governmental contracts that are going to be fished out.

That Note is like 475k with about 445k outstanding. They will pay it off in no time.