Ron - Welcome! I am usually the only one here. AGTC is a true undiscovered gem! However, management has made clear to me they have no intention of uplisting to a higher exchange. Not now and not in the future. I struggled for a long time to figure out why. I think I finally succeeded.
The Company is consistently and significantly profitable and cash flow positive. The Company does not require a great deal of working capital, and as a mining firm with a scarce resource and virtually no competition worldwide, there is no reason to expand or open another mine. Management owns a large majority of the stock (I estimate at least 85%), and pays out a high portion of the profits each year in the form of cash dividends (regular quarterly dividends at 1 cent each plus an annual special dividend dependent upon the level of profitability for the prior year). TRULY "THE GOOSE THAT LAID THE GOLDEN EGG!"
Given that management has told me they have no intention to uplist in the future, why remain public at all on the Pink Sheets? I finally figured out the answer. Management awards a small number of options each year. And management also owns most of the Shares Outstanding. IMO, the only reason for remaining public is to have a public "market" for the stock so that management can exercise options from time to time and sell to receive cash for personal reasons (or to have a market to sell a portion of their personal stock holdings if necessary). Management could in theory sell their stock back to the Company when they desire to sell, but at what price? By remaining on the Pink Sheets, the Company can set a "market price" at which to repurchase stock from management only if there is in fact a "market" to "price" the stock.
I try to add to my investment holdings any time the stock trades in the 50's or lower (which surprisingly does happen from time to time), but have not yet been successful in building a large position. Maybe over the next 10 years...
Best of luck.
Tom
P.S. In the event you are interested in looking at another PROFITABLE Pink Sheets traded company, check out MKGP (although they do not pay a cash dividend). MKGP is one of my only favorite microcaps trading on the PS, and appears to be extremely undervalued. I just started buying in mid-January 2007, and have accumulated a position of 600K shares in the last six weeks. The stock trades around $0.08/shr, with a small float and virtually no dilution in the past year and longer. An excellent IHUB message board with a great deal of actual due diligence and mutually respectful participants. Check out the board and "Bookmark" if you find of interest:
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