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GlefdarLivermore

11/25/21 2:49 AM

#3451 RE: JMD NY #3450

If that's true then the PRs I quoted basically mean AMPG's management are tantamount to con artists. Which could be true, but it raises the question why Intracoastal and Sabby invested. I guess it comes down to them either having patentable innovations giving them a larger addressable market, or not. Either they're telling the truth, or just producing smoke and mirrors to sucker investors. Usually when smoke and mirrors is the answer it's clear based on past behavior such as past PRs containing lies or broken promises. Have they already issued previous PRs about having new patents forthcoming in past years such as prior to 2020, and nothing ever came of them?
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GlefdarLivermore

11/25/21 3:36 AM

#3452 RE: JMD NY #3450

Also for what it's worth, the CEO salary does not seem to be that inflated and was decreased from 2019 to 2020 per an article about it that they reposted on their own site (https://www.amplitechinc.com/news/what-did-amplitech-group-s-nasdaq-ampg-ceo-take-home-last-year-). The "quantum computing" stuff in the PRs sounds scammy but it looks like a real product category signifying a standard of low signal noise. I guess for me, I can imagine that the niches are small enough that they could be competitive through an engineering advantage, because they cater to a customized components market rather than a consumer mass market. There may be a couple of tiny niches where they are competitive at producing the desired specs. What I don't like is the last acquisition. Seems like maybe it was equivalent to paying $8m+ just to get a customer list from the acquired company. Which would cast doubt on their ability to market their own products effectively. I think that it's a real company but with significant risk that their addressable market will remain very niche and the current market cap is inflated by unrealistic growth expectations, but on the other hand maybe the growth of their target industries is going to give them significant growth as well. There's also the fact that such a low free float can run quite hard with just one solid patent PR or one exceptionally large order. Altogether it seems like a reasonable play given the current cash position but I guess if the next earnings is bad then it could be brutal for the share price.