All right. Just hung up the phone with Mr. Carney.
The company (Mr. Carney) is working on the issue of outstanding bonds and looking for solutions to reduce/eliminate the debt.
There will be no bankruptcy, simply because it’s expensive.
There is no chance that Ionic can grab any of $AMNL’s assets because of Mr. Zeitoons involvement with Ionic.
Mr. Carney is pursuing opportunities in the market to make the company positive cash flow.
Last week a master batch of product was sent out for a trial to one of the polyethylene caps and boxes company.
There are also plans to use halloysite as a nucleating agent in food preservation.
As soon as the company starts generating money, filings will be made, company will be current.
Mr. Carney said that he does care about the company and the shareholders. When outside investors approach him his negotiation’s always mention the shareholders and their faith.
I know he’s not giving us a parade but he’s giving the company the very best he’s got. (He was still at the mine when we had a chance to talk)
I didn’t mention other companies and potential partners intentionally.
I asked Mr. Carney to withhold this information from me because I do not want to have any insider information.
I hope this helps while we wait.
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